Apollo Global Management Indexed annuities — Net amount at risk increased by 1.0% to $17.37B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $15.44B to $17.37B. Over 3 years (FY 2022 to FY 2025), Indexed annuities — Net amount at risk shows an upward trend with a 9.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Higher values indicate increased exposure to mortality or morbidity risk, requiring higher capital reserves.
The difference between the death benefit or other guaranteed benefit amount and the current policyholder account balance...
Standard actuarial metric for life and annuity companies to assess insurance risk exposure.
apo_segment_indexed_annuities_net_amount_at_risk| 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 | $10.55B | $12.79B | $13.17B | $13.58B | $13.90B | $14.16B | $14.44B | $14.72B | $15.00B | $15.19B | $15.22B | $15.44B | $15.60B | $16.00B | $17.20B | $17.37B |
| QoQ Change | — | +21.2% | +3.0% | +3.1% | +2.4% | +1.8% | +2.0% | +1.9% | +1.9% | +1.3% | +0.2% | +1.4% | +1.0% | +2.6% | +7.5% | +1.0% |
| YoY Change | — | — | — | — | +31.7% | +10.7% | +9.6% | +8.4% | +7.9% | +7.3% | +5.4% | +4.9% | +4.0% | +5.3% | +13.0% | +12.5% |