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Business Segments · Closed block liabilities

Retirement Services — Closed block liabilities

Apollo Global Management Retirement Services — Closed block liabilities decreased by 2.2% to $1.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.2%, from $1.11B to $1.06B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Closed block liabilities shows a downward trend with a -3.9% CAGR.

Analysis

StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 7, 2026

How to read this metric

An increase may indicate a larger legacy portfolio, while a decrease suggests successful runoff or settlement of older obligations.

Detailed definition

Represents the total financial obligations associated with insurance policies or annuity contracts that are no longer be...

Peer comparison

Commonly reported by life insurance and annuity providers as legacy or runoff insurance liabilities.

Metric ID: apo_segment_retirement_services_closed_block_liabilities

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.38B$1.25B$1.16B$1.16B$1.19B$1.16B$1.1B$1.18B$1.15B$1.12B$1.17B$1.1B$1.11B$1.1B$1.1B$1.09B$1.06B
QoQ Change-9.5%-7.2%+0.6%+2.2%-2.6%-5.1%+7.1%-2.3%-2.7%+4.1%-5.5%+0.5%-0.9%+0.5%-1.5%-2.2%
YoY Change-13.6%-7.1%-4.9%+1.2%-3.3%-3.4%+6.0%-6.5%-3.8%-2.1%-5.5%-1.5%-4.2%
Range$1.06B$1.38B
CAGR-6.3%
Avg YoY Growth-3.7%
Median YoY Growth-3.8%
Current Streak2 quarters decline

Frequently Asked Questions

What is Apollo Global Management's retirement services — closed block liabilities?
Apollo Global Management (APO) reported retirement services — closed block liabilities of $1.06B in Q1 2026.
How has Apollo Global Management's retirement services — closed block liabilities changed year-over-year?
Apollo Global Management's retirement services — closed block liabilities decreased by 4.2% year-over-year, from $1.11B to $1.06B.
What is the long-term trend for Apollo Global Management's retirement services — closed block liabilities?
Over 3 years (2022 to 2025), Apollo Global Management's retirement services — closed block liabilities has grown at a -3.9% compound annual growth rate (CAGR), from $4.95B to $4.39B.
What does retirement services — closed block liabilities mean?
The total value of future payout obligations for insurance policies that are no longer sold to new customers.