Indexed annuities — Cash surrender value
Apollo Global Management Indexed annuities — Cash surrender value increased by 1.5% to $97.76B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from $89.51B to $97.76B. Over 3 years (FY 2022 to FY 2025), Indexed annuities — Cash surrender value shows an upward trend with a 4.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High surrender values relative to account balances indicate high liquidity risk and potential for mass withdrawals during market stress.
Detailed definition
The total amount payable to policyholders if they choose to terminate their annuity contracts before maturity, often net...
Peer comparison
Commonly disclosed as 'Cash Surrender Value' or 'Surrender Liability' in statutory and GAAP filings.
apo_segment_indexed_annuities_cash_surrender_valueHistorical Data
| 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 | $84.27B | $83.84B | $83.71B | $84.72B | $84.05B | $84.20B | $84.05B | $85.38B | $86.75B | $87.45B | $89.38B | $89.51B | $90.82B | $93.19B | $96.27B | $97.76B |
| QoQ Change | — | -0.5% | -0.2% | +1.2% | -0.8% | +0.2% | -0.2% | +1.6% | +1.6% | +0.8% | +2.2% | +0.1% | +1.5% | +2.6% | +3.3% | +1.5% |
| YoY Change | — | — | — | — | -0.3% | +0.4% | +0.4% | +0.8% | +3.2% | +3.9% | +6.3% | +4.8% | +4.7% | +6.6% | +7.7% | +9.2% |
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Frequently Asked Questions
- What is Apollo Global Management's indexed annuities — cash surrender value?
- Apollo Global Management (APO) reported indexed annuities — cash surrender value of $97.76B in Q4 2025.
- How has Apollo Global Management's indexed annuities — cash surrender value changed year-over-year?
- Apollo Global Management's indexed annuities — cash surrender value increased by 9.2% year-over-year, from $89.51B to $97.76B.
- What is the long-term trend for Apollo Global Management's indexed annuities — cash surrender value?
- Over 3 years (2022 to 2025), Apollo Global Management's indexed annuities — cash surrender value has grown at a 4.0% compound annual growth rate (CAGR), from $336.53B to $378.04B.
- What does indexed annuities — cash surrender value mean?
- The total cash value available to policyholders if they cancel their contracts today.