CVS Health Separate account assets increased by 3.1% to $1.99B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 39.8%, from $3.31B to $1.99B. Over 5 years (FY 2020 to FY 2025), Separate account assets shows a downward trend with a -16.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in these assets indicates expansion in the insurance-linked asset management business, while a decline reflects market depreciation or client outflows.
These are assets held in segregated accounts, typically for variable life insurance or annuity products, where the inves...
Specific to insurance and asset management firms; peers with similar product suites report these as pass-through items.
ins_separate_account_assets| Q2 '21 | Q3 '21 | 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 | $4.88B | $5.09B | $5.09B | $4.67B | $4.14B | $3.32B | $3.23B | $3.23B | $3.27B | $3.20B | $3.25B | $3.27B | $3.19B | $3.33B | $3.31B | $1.92B | $1.86B | $1.93B | $1.99B |
| QoQ Change | — | +4.2% | +0.0% | -8.2% | -11.3% | -19.9% | -2.7% | +0.1% | +1.1% | -2.1% | +1.6% | +0.6% | -2.6% | +4.6% | -0.7% | -41.9% | -3.4% | +4.1% | +3.1% |
| YoY Change | — | — | — | — | -15.2% | -34.8% | -36.5% | -30.8% | -21.1% | -3.6% | +0.7% | +1.2% | -2.4% | +4.2% | +1.9% | -41.2% | -41.7% | -42.0% | -39.8% |