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Business Segments · Funds withheld at interest

Retirement Services — Funds withheld at interest

Apollo Global Management Retirement Services — Funds withheld at interest decreased by 4.3% to $17.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 17.6%, from $20.71B to $17.05B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Funds withheld at interest shows a downward trend with a -25.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2026May 7, 2026

How to read this metric

Growth indicates an expansion of reinsurance activity and the scale of assets managed through ceded insurance contracts.

Detailed definition

Assets held by a ceding company under a reinsurance agreement that are legally owned by the reinsurer but retained by th...

Peer comparison

Common in reinsurance and life insurance sectors as 'Funds Withheld' or 'Funds Held under Reinsurance Treaties'.

Metric ID: apo_segment_retirement_services_funds_withheld_at_interest

Historical Data

18 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$0$52.6B$48.31B$44.67B$37.73B$40.55B$36.86B$30.93B$27.74B$26.59B$25.11B$23.81B$21.9B$20.71B$19.74B$18.86B$17.82B$17.05B
QoQ Change-8.2%-7.5%-15.5%+7.5%-9.1%-16.1%-10.3%-4.1%-5.6%-5.2%-8.0%-5.5%-4.7%-4.5%-5.5%-4.3%
YoY Change-22.9%-23.7%-30.7%-26.5%-34.4%-31.9%-23.0%-21.0%-22.1%-21.4%-20.8%-18.6%-17.6%
Range$0$52.6B
Avg YoY Growth-24.2%
Median YoY Growth-22.9%
Current Streak12 quarters decline

Frequently Asked Questions

What is Apollo Global Management's retirement services — funds withheld at interest?
Apollo Global Management (APO) reported retirement services — funds withheld at interest of $17.05B in Q1 2026.
How has Apollo Global Management's retirement services — funds withheld at interest changed year-over-year?
Apollo Global Management's retirement services — funds withheld at interest decreased by 17.6% year-over-year, from $20.71B to $17.05B.
What is the long-term trend for Apollo Global Management's retirement services — funds withheld at interest?
Over 3 years (2022 to 2025), Apollo Global Management's retirement services — funds withheld at interest has grown at a -25.1% compound annual growth rate (CAGR), from $183.31B to $77.13B.
What does retirement services — funds withheld at interest mean?
Funds retained by a partner insurance company that accrue interest for the firm.