Business Segments · Net investment income

Retirement Services — Net investment income

Apollo Global Management Retirement Services — Net investment income increased by 2.0% to $5.12B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.7%, from $4.24B to $5.12B. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2025

How to read this metric

Higher net investment income indicates superior asset management performance and favorable interest rate environments.

Detailed definition

The income earned from the investment portfolio, including interest, dividends, and other yields, net of investment-rela...

Peer comparison

Key performance indicator for all insurance companies; compared against the cost of funds to determine net interest margin.

Metric ID: apo_segment_retirement_services_net_investment_income

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$0.00$0.00$0.00$1.73B$1.90B$2.03B$2.48B$2.61B$2.95B$3.17B$3.35B$3.58B$3.80B$4.10B$4.24B$4.34B$4.78B$5.01B$5.12B
QoQ Change+9.9%+6.8%+22.0%+5.3%+12.9%+7.4%+5.9%+6.6%+6.4%+7.8%+3.3%+2.5%+10.0%+5.0%+2.0%
YoY Change+50.9%+54.9%+55.7%+35.2%+36.9%+29.0%+29.5%+26.3%+21.4%+25.6%+22.2%+20.7%
Range$0.00$5.12B
Avg YoY Growth+34.0%
Median YoY Growth+29.3%
Current Streak15+ quarters growth

Frequently Asked Questions

What is Apollo Global Management's retirement services — net investment income?
Apollo Global Management (APO) reported retirement services — net investment income of $5.12B in Q4 2025.
How has Apollo Global Management's retirement services — net investment income changed year-over-year?
Apollo Global Management's retirement services — net investment income increased by 20.7% year-over-year, from $4.24B to $5.12B.
What does retirement services — net investment income mean?
The profit generated from investing the money collected from policyholders.