Apollo Global Management Retirement Services — Universal life benefits decreased by 1.4% to $766.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $742.00M to $766.00M. Over 3 years (FY 2022 to FY 2025), Retirement Services — Universal life benefits shows a downward trend with a -6.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase in liabilities may reflect growth in the business or changes in actuarial assumptions regarding policyholder longevity or interest rates.
The estimated liability for future policy benefits related to universal life insurance products. This represents the pre...
Standard liability metric for life insurance companies offering universal life products.
apo_segment_retirement_services_universal_life_benefits| 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 | $1.10B | $943.00M | $852.00M | $829.00M | $879.00M | $854.00M | $739.00M | $834.00M | $788.00M | $769.00M | $820.00M | $742.00M | $769.00M | $755.00M | $777.00M | $766.00M |
| QoQ Change | — | -14.0% | -9.7% | -2.7% | +6.0% | -2.8% | -13.5% | +12.9% | -5.5% | -2.4% | +6.6% | -9.5% | +3.6% | -1.8% | +2.9% | -1.4% |
| YoY Change | — | — | — | — | -19.8% | -9.4% | -13.3% | +0.6% | -10.4% | -10.0% | +11.0% | -11.0% | -2.4% | -1.8% | -5.2% | +3.2% |