Apollo Global Management Retirement Services — Short-Term Investments increased by 535.8% to $1.05B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 41.2%, from $743.00M to $1.05B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Short-Term Investments shows a downward trend with a -8.6% CAGR.
Excessive levels may indicate uninvested cash drag, while very low levels could signal liquidity constraints during periods of high policyholder outflows.
Highly liquid, short-duration financial instruments held to manage daily liquidity needs and provide a buffer for operat...
Standard line item across financial services labeled 'Short-term Investments' or 'Cash Equivalents'.
apo_segment_retirement_services_short_term_investments| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $149.00M | $238.00M | $292.00M | $2.16B | $1.04B | $891.00M | $949.00M | $947.00M | $556.00M | $756.00M | $812.00M | $743.00M | $784.00M | $171.00M | $165.00M | $1.05B |
| QoQ Change | — | — | +59.7% | +22.7% | +639.7% | -51.7% | -14.6% | +6.5% | -0.2% | -41.3% | +36.0% | +7.4% | -8.5% | +5.5% | -78.2% | -3.5% | +535.8% |
| YoY Change | — | — | — | — | — | +600.0% | +274.4% | +225.0% | -56.2% | -46.7% | -15.2% | -14.4% | -21.5% | +41.0% | -77.4% | -79.7% | +41.2% |