Discontinued — last reported Q4 '25
Apollo Global Management Future policy benefits increased by 2.6% to $50.26B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.7%, from $49.90B to $50.26B. Over 3 years (FY 2022 to FY 2025), Future policy benefits shows an upward trend with a 6.1% CAGR.
An increase reflects growing insurance obligations or changes in actuarial assumptions that require higher reserves.
A liability representing the present value of estimated future payments to be made to policyholders, net of future premi...
Standard liability metric for all life and health insurance companies to ensure solvency.
ins_future_policy_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 | $39.24B | $41.20B | $41.29B | $42.11B | $42.49B | $50.28B | $46.67B | $53.29B | $51.67B | $50.80B | $52.96B | $49.90B | $49.90B | $49.40B | $49.01B | $50.26B |
| QoQ Change | — | +5.0% | +0.2% | +2.0% | +0.9% | +18.3% | -7.2% | +14.2% | -3.0% | -1.7% | +4.3% | -5.8% | -0.0% | -1.0% | -0.8% | +2.6% |
| YoY Change | — | — | — | — | +8.3% | +22.1% | +13.0% | +26.5% | +21.6% | +1.0% | +13.5% | -6.4% | -3.4% | -2.8% | -7.5% | +0.7% |
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Reconciling items | $6.03B | $5.94B | $6.04B | $5.81B | $5.79B | $5.75B | $5.67B | $5.81B |
| Total | $51.67B | $50.80B | $52.96B | $49.90B | $49.90B | $49.40B | $49.01B | $50.26B |
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $51.67B | $50.80B | $52.96B | $49.90B | $49.90B | $49.40B | $49.01B | $50.26B |
| Total | $51.67B | $50.80B | $52.96B | $49.90B | $49.90B | $49.40B | $49.01B | $50.26B |