Policyholders' account balances
Apollo Global Management Policyholders' account balances increased by 2.1% to $308.89B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 24.9%, from $247.32B to $308.89B. Over 4 years (FY 2021 to FY 2025), Policyholders' account balances shows an upward trend with a 19.5% CAGR.
Analysis
How to read this metric
An increase typically indicates growth in the company's interest-sensitive insurance business and a larger base of assets under management, while a decrease may signal product maturity, higher surrender rates, or a shift in product strategy.
Detailed definition
Policyholders' account balances represent the total liability for funds held on behalf of policyholders in connection wi...
Peer comparison
This is a standard line item for life and multi-line insurers, often compared against total assets under management or total insurance reserves to assess leverage and product mix.
non_current_liabilities_policyholder_fundsHistorical Data
| 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 | $151.39B | $156.84B | $158.83B | $161.87B | $168.34B | $175.29B | $177.63B | $183.46B | $197.89B | $212.52B | $221.00B | $237.87B | $247.32B | $268.26B | $286.24B | $302.50B | $308.89B |
| QoQ Change | — | +3.6% | +1.3% | +1.9% | +4.0% | +4.1% | +1.3% | +3.3% | +7.9% | +7.4% | +4.0% | +7.6% | +4.0% | +8.5% | +6.7% | +5.7% | +2.1% |
| YoY Change | — | — | — | — | +11.2% | +11.8% | +11.8% | +13.3% | +17.6% | +21.2% | +24.4% | +29.7% | +25.0% | +26.2% | +29.5% | +27.2% | +24.9% |
Product Breakdown
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Traditional Deferred Annuities | — | — | — | — | — | — | $106.17B | $109.20B |
| Indexed annuities | $94.85B | $95.83B | $96.77B | $97.86B | $99.43B | $101.32B | $103.66B | $105.32B |
| Funding agreements | $39.09B | $41.29B | $50.40B | $54.77B | $63.82B | $75.23B | $83.61B | $85.56B |
| Other Investment-type and other | — | — | — | — | — | $8.86B | $9.07B | $8.82B |
| Total | $212.52B | $221.00B | $237.87B | $247.32B | $268.26B | $286.24B | $302.50B | $308.89B |
Policyholders' account balances at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's policyholders' account balances?
- Apollo Global Management (APO) reported policyholders' account balances of $308.89B in Q4 2025.
- How has Apollo Global Management's policyholders' account balances changed year-over-year?
- Apollo Global Management's policyholders' account balances increased by 24.9% year-over-year, from $247.32B to $308.89B.
- What is the long-term trend for Apollo Global Management's policyholders' account balances?
- Over 4 years (2021 to 2025), Apollo Global Management's policyholders' account balances has grown at a 19.5% compound annual growth rate (CAGR), from $151.39B to $308.89B.
- What does policyholders' account balances mean?
- The total amount of money the insurance company owes to policyholders for interest-sensitive insurance products.