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Apollo Global Management APO Retirement Services — Funds withheld at interest – embedded derivative

Similar metrics at other companies

Principal Financial Group logo
PFGChange In Fair Value Of Funds Withheld Embedded Derivative
-$95.28M-185%
Principal Financial Group logo
PFGChange In Fair Value Of Funds Withheld Embedded Derivative
-$104.4M-614%
Lincoln National logo
LNCRetirement Plan Services — Change in fair value of embedded derivative instrument and other
$0
Rithm Capital logo
RITMFunds Withheld — Derivative liability, notional amount
$954.1M
KKR & Co. logo
KKRInsurance — Funds Withheld Payable at Interest
$49.36B+11.5%
Lincoln National logo
LNCRetirement Plan Services — Changes in the fair value of reinsurance-related embedded derivatives, trading securities and certain mortgage loans
$0

Other financials

Income statement

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Revenue$5.1B-8.8%
Net income-$1.9B-531%
EPS (diluted)-$3.27-581%

Balance sheet

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Cash & equivalents$23.7B+53.1%
Total debt$14.2B+34.4%
Total equity$20.0B+11.0%
Total assets$467.53B+18.3%

Cash flow

See full
Operating cash flow$1.6B+60.1%

Valuation

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Market cap$69.33B-16.5%
Enterprise value$59.8B-25.5%
P/E60.6×+35.9×
P/S2.2×-1.1×

Profitability

See full
Net margin3.6%-11.0pp

Returns & leverage

See full
Return on equity6%-15.9pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by Apollo Global Management in its filing.

Tagged under the XBRL concept us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset.

The official record: Apollo Global Management’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apollo Global Management's retirement services — funds withheld at interest – embedded derivative?
Apollo Global Management (APO) reported retirement services — funds withheld at interest – embedded derivative of -$2.54B in Q1 2026.
How has Apollo Global Management's retirement services — funds withheld at interest – embedded derivative changed year-over-year?
Apollo Global Management's retirement services — funds withheld at interest – embedded derivative increased by 10.8% year-over-year, from -$2.85B to -$2.54B.
What is the long-term trend for Apollo Global Management's retirement services — funds withheld at interest – embedded derivative?
Over 3 years (2022 to 2025), Apollo Global Management's retirement services — funds withheld at interest – embedded derivative has grown at a -55.6% compound annual growth rate (CAGR), from $119.77B to -$10.47B.
What does retirement services — funds withheld at interest – embedded derivative mean?
The fair value of embedded derivatives associated with reinsurance agreements where funds are withheld by the ceding company. This represents the complex financial obligation or asset linked to the performance of the underlying assets in a reinsurance contract.