Retirement Services — AFS and trading securities
Apollo Global Management Retirement Services — AFS and trading securities increased by 8.8% to $31.30B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.1%, from $27.21B to $31.30B. Over 2 years (FY 2022 to FY 2024), Retirement Services — AFS and trading securities shows an upward trend with a 45.2% CAGR.
Analysis
How to read this metric
An increase suggests growth in the investment portfolio backing insurance liabilities or favorable market valuation adjustments, while a decrease may indicate asset liquidations, market depreciation, or a shift in investment strategy.
Detailed definition
This metric represents the aggregate fair value of investment assets held within the retirement services segment that ar...
Peer comparison
Similar to 'Investment Portfolio' or 'Fixed Income Securities' reported by life insurance companies and asset managers with significant annuity or retirement operations.
apo_segment_retirement_services_afs_and_trading_securitiesHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.32B | $10.19B | $11.19B | $10.67B | $12.27B | $13.80B | $14.27B | $14.25B | $16.55B | $18.97B | $27.21B | $28.66B | $26.94B | $28.77B | $31.30B |
| QoQ Change | — | -10.0% | +9.9% | -4.6% | +15.0% | +12.5% | +3.4% | -0.2% | +16.1% | +14.6% | +43.5% | +5.3% | -6.0% | +6.8% | +8.8% |
| YoY Change | — | — | — | — | +8.4% | +35.5% | +27.5% | +33.5% | +34.8% | +37.4% | +90.6% | +101.1% | +62.8% | +51.7% | +15.1% |
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — afs and trading securities?
- Apollo Global Management (APO) reported retirement services — afs and trading securities of $31.30B in Q3 2025.
- How has Apollo Global Management's retirement services — afs and trading securities changed year-over-year?
- Apollo Global Management's retirement services — afs and trading securities increased by 15.1% year-over-year, from $27.21B to $31.30B.
- What is the long-term trend for Apollo Global Management's retirement services — afs and trading securities?
- Over 2 years (2022 to 2024), Apollo Global Management's retirement services — afs and trading securities has grown at a 45.2% compound annual growth rate (CAGR), from $43.37B to $91.38B.
- What does retirement services — afs and trading securities mean?
- The total market value of investment securities held by the retirement services segment that are classified as available-for-sale or trading.