Apollo Global Management Traditional Deferred Annuities — Cash surrender value increased by 2.9% to $103.16B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 27.0%, from $81.24B to $103.16B. Over 3 years (FY 2022 to FY 2025), Traditional Deferred Annuities — Cash surrender value shows an upward trend with a 38.1% CAGR.
Higher values indicate greater potential liquidity outflows, while lower values suggest higher retention or longer-term commitment.
The total amount of cash that policyholders are entitled to receive upon the voluntary termination of their annuity cont...
Standard liquidity metric for insurance companies with significant annuity liabilities.
apo_segment_traditional_deferred_annuities_cash_surrender_value| 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 | $34.21B | $34.40B | $37.78B | $41.27B | $45.99B | $48.14B | $50.35B | $61.35B | $66.60B | $71.38B | $78.05B | $81.24B | $90.84B | $94.87B | $100.28B | $103.16B |
| QoQ Change | — | +0.6% | +9.8% | +9.3% | +11.4% | +4.7% | +4.6% | +21.8% | +8.6% | +7.2% | +9.3% | +4.1% | +11.8% | +4.4% | +5.7% | +2.9% |
| YoY Change | — | — | — | — | +34.4% | +39.9% | +33.3% | +48.6% | +44.8% | +48.3% | +55.0% | +32.4% | +36.4% | +32.9% | +28.5% | +27.0% |