Apollo Global Management Traditional Deferred Annuities — Market risk benefits, net increased by 0.5% to $205.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.9%, from $190.00M to $205.00M. Over 3 years (FY 2022 to FY 2025), Traditional Deferred Annuities — Market risk benefits, net shows relatively stable performance with a 3.2% CAGR.
Fluctuations reflect changes in market conditions and the effectiveness of hedging strategies for market-linked liabilities.
The net fair value of benefits provided to policyholders that are linked to market performance, such as guaranteed minim...
Standard for insurers offering variable annuities with living benefit riders.
apo_segment_traditional_deferred_annuities_market_risk_benefits_net| 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 | $253.00M | $215.00M | $181.00M | $161.00M | $170.00M | $180.00M | $179.00M | $167.00M | $192.00M | $189.00M | $189.00M | $201.00M | $190.00M | $194.00M | $195.00M | $204.00M | $205.00M |
| QoQ Change | — | -15.0% | -15.8% | -11.0% | +5.6% | +5.9% | -0.6% | -6.7% | +15.0% | -1.6% | +0.0% | +6.3% | -5.5% | +2.1% | +0.5% | +4.6% | +0.5% |
| YoY Change | — | — | — | — | -32.8% | -16.3% | -1.1% | +3.7% | +12.9% | +5.0% | +5.6% | +20.4% | -1.0% | +2.6% | +3.2% | +1.5% | +7.9% |