Apollo Global Management Payout annuities with life contingencies — Future policy benefits increased by 0.4% to $42.06B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.5%, from $42.26B to $42.06B. Over 2 years (FY 2023 to FY 2025), Payout annuities with life contingencies — Future policy benefits shows relatively stable performance with a 0.3% CAGR.
Growth in this metric indicates expansion of the annuity business or aging of the existing portfolio.
The total estimated liability for future payments to policyholders under life-contingent annuity contracts. It is the pr...
Primary liability metric for life insurance and retirement service companies.
apo_segment_payout_annuities_with_life_contingencies_future_policy_benefits| 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 | $36.42B | $36.75B | $44.47B | $40.84B | $45.00B | $43.60B | $42.99B | $44.71B | $42.26B | $42.22B | $41.93B | $41.91B | $42.06B |
| QoQ Change | — | +0.9% | +21.0% | -8.2% | +10.2% | -3.1% | -1.4% | +4.0% | -5.5% | -0.1% | -0.7% | -0.0% | +0.4% |
| YoY Change | — | — | — | — | +23.6% | +18.6% | -3.3% | +9.5% | -6.1% | -3.2% | -2.5% | -6.3% | -0.5% |