Apollo Global Management Retirement Services — Insurance liabilities increased by 30.8% to $3.12B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 30.8%, from $2.38B to $3.12B.
Growth in liabilities generally tracks the growth of the retirement business and the accumulation of assets under management.
The total estimated future obligations to policyholders for insurance and annuity contracts. This represents the core lo...
Standard metric for all life and annuity insurance companies.
apo_segment_retirement_services_insurance_liabilities| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $0.00 | $2.67B | $1.74B | $2.38B | $3.12B |
| QoQ Change | — | — | -34.7% | +36.8% | +30.8% |
| YoY Change | — | — | -34.7% | +36.8% | +30.8% |