Apollo Global Management Retirement Services — Future policy benefits increased by 2.6% to $50.26B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.7%, from $49.90B to $50.26B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Future policy benefits shows relatively stable performance with a -1.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase suggests growth in the underlying insurance book or changes in actuarial assumptions, while a decrease may indicate policy maturity or shifts in product mix.
Represents the actuarial estimate of the present value of future benefits payable to policyholders under insurance and a...
Standard liability line item for life and annuity insurers, often compared as a percentage of total insurance reserves.
apo_segment_retirement_services_future_policy_benefits| Q4 '21 | Q1 '22 | Q2 '22 | 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 | $0.00 | $48.09B | $52.48B | $54.71B | $55.33B | $42.49B | $50.28B | $46.67B | $53.29B | $51.67B | $50.80B | $52.96B | $49.90B | $49.90B | $49.40B | $49.01B | $50.26B |
| QoQ Change | — | — | +9.1% | +4.3% | +1.1% | -23.2% | +18.3% | -7.2% | +14.2% | -3.0% | -1.7% | +4.3% | -5.8% | -0.0% | -1.0% | -0.8% | +2.6% |
| YoY Change | — | — | — | — | — | -11.7% | -4.2% | -14.7% | -3.7% | +21.6% | +1.0% | +13.5% | -6.4% | -3.4% | -2.8% | -7.5% | +0.7% |