Apollo Global Management Total — Future policy benefits increased by 2.6% to $44.45B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.8%, from $44.09B to $44.45B. Over 2 years (FY 2023 to FY 2025), Total — Future policy benefits shows relatively stable performance with a 1.8% CAGR.
Growth in this figure generally indicates a growing insurance business, but must be balanced against the adequacy of assets held to cover these liabilities.
The total aggregate liability recorded on the balance sheet for future insurance and annuity obligations. This metric re...
The primary liability metric for all life and annuity insurance companies, comparable across the industry.
apo_segment_total_future_policy_benefits| 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 | $36.42B | $36.75B | $44.47B | $40.84B | $47.19B | $45.64B | $44.86B | $46.92B | $44.09B | $44.11B | $43.66B | $43.34B | $44.45B |
| QoQ Change | — | +0.9% | +21.0% | -8.2% | +15.5% | -3.3% | -1.7% | +4.6% | -6.0% | +0.0% | -1.0% | -0.7% | +2.6% |
| YoY Change | — | — | — | — | +29.6% | +24.2% | +0.9% | +14.9% | -6.6% | -3.4% | -2.7% | -7.6% | +0.8% |