Business Segments · Funds withheld liability
Retirement Services — Funds withheld liability
Apollo Global Management Retirement Services — Funds withheld liability increased by 11.3% to $5.95B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 37.3%, from $4.33B to $5.95B. Over 2 years (FY 2023 to FY 2025), Retirement Services — Funds withheld liability shows an upward trend with a 289.0% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ3 2022
Last reportedQ4 2025
How to read this metric
Growth in this liability often correlates with increased reinsurance activity and expansion of the retirement business.
Detailed definition
A liability representing funds retained by a ceding company under a reinsurance agreement, where the assets are held by...
Peer comparison
Standard in reinsurance accounting for life and annuity companies.
Metric ID:
apo_segment_retirement_services_funds_withheld_liabilityHistorical Data
14 periods
| 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 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $360.00M | $360.00M | $346.00M | $305.00M | $349.00M | $350.00M | $1.37B | $2.39B | $3.42B | $4.33B | $4.64B | $4.50B | $5.34B | $5.95B |
| QoQ Change | — | +0.0% | -3.9% | -11.8% | +14.4% | +0.3% | +290.0% | +74.7% | +43.2% | +26.8% | +7.0% | -2.9% | +18.6% | +11.3% |
| YoY Change | — | — | — | — | -3.1% | -2.8% | +294.5% | +682.0% | +878.8% | >999% | +239.6% | +88.8% | +56.3% | +37.3% |
Range$305.00M – $5.95B
CAGR+137.0%
Avg YoY Growth+340.9%
Median YoY Growth+164.2%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's retirement services — funds withheld liability?
- Apollo Global Management (APO) reported retirement services — funds withheld liability of $5.95B in Q4 2025.
- How has Apollo Global Management's retirement services — funds withheld liability changed year-over-year?
- Apollo Global Management's retirement services — funds withheld liability increased by 37.3% year-over-year, from $4.33B to $5.95B.
- What is the long-term trend for Apollo Global Management's retirement services — funds withheld liability?
- Over 2 years (2023 to 2025), Apollo Global Management's retirement services — funds withheld liability has grown at a 289.0% compound annual growth rate (CAGR), from $1.35B to $20.43B.
- What does retirement services — funds withheld liability mean?
- The amount of money held by a partner company that is owed to the firm.