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Discontinued — last reported Q2 '25

Business Segments · Derivative liabilities

Retirement Services — Derivative liabilities

Apollo Global Management Retirement Services — Derivative liabilities increased by 6.9% to $292.24B in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.0%, from $228.39B to $292.24B. Over 2 years (FY 2022 to FY 2024), Retirement Services — Derivative liabilities shows an upward trend with a 19.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ4 2021
Last reportedQ2 2025Aug 7, 2025

How to read this metric

An increase suggests higher hedging costs or adverse movements in the underlying market variables being hedged.

Detailed definition

Represents the fair value of derivative financial instruments held by the retirement services segment that are in a liab...

Peer comparison

Commonly reported by life insurance and annuity providers as 'Derivative Liabilities' or 'Fair Value of Derivatives'.

Metric ID: apo_segment_retirement_services_derivative_liabilities

Historical Data

15 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Value$0$164.37B$164.57B$166.89B$173.65B$181.1B$184.36B$189.07B$204.67B$220.23B$228.39B$245.44B$253.64B$273.44B$292.24B
QoQ Change+0.1%+1.4%+4.0%+4.3%+1.8%+2.6%+8.3%+7.6%+3.7%+7.5%+3.3%+7.8%+6.9%
YoY Change+10.2%+12.0%+13.3%+17.9%+21.6%+23.9%+29.8%+23.9%+24.2%+28.0%
Range$0$292.24B
Avg YoY Growth+20.5%
Median YoY Growth+22.7%
Current Streak13+ quarters growth

Frequently Asked Questions

What is Apollo Global Management's retirement services — derivative liabilities?
Apollo Global Management (APO) reported retirement services — derivative liabilities of $292.24B in Q2 2025.
How has Apollo Global Management's retirement services — derivative liabilities changed year-over-year?
Apollo Global Management's retirement services — derivative liabilities increased by 28.0% year-over-year, from $228.39B to $292.24B.
What is the long-term trend for Apollo Global Management's retirement services — derivative liabilities?
Over 2 years (2022 to 2024), Apollo Global Management's retirement services — derivative liabilities has grown at a 19.0% compound annual growth rate (CAGR), from $669.49B to $947.7B.
What does retirement services — derivative liabilities mean?
The total fair value of derivative contracts currently in a liability position for the retirement services business.