Business Segments · Interest sensitive contract liabilities
Retirement Services — Interest sensitive contract liabilities
Apollo Global Management Retirement Services — Interest sensitive contract liabilities increased by 2.1% to $257.02B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.3%, from $200.28B to $257.02B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Interest sensitive contract liabilities shows an upward trend with a 26.7% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025
Rolls up toPolicy liabilities
How to read this metric
An increase reflects growth in the policyholder base, but also requires higher investment returns to maintain profitability.
Detailed definition
The estimated present value of future obligations to policyholders for interest-sensitive products, such as annuities, w...
Peer comparison
Standard for annuity providers; peers report this as 'Policy Liabilities' or 'Contract Reserves'.
Metric ID:
apo_segment_retirement_services_interest_sensitive_contract_liabilitiesHistorical Data
16 periods
| 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 | $114.49B | $116.16B | $119.11B | $125.10B | $131.87B | $134.15B | $140.23B | $154.10B | $167.36B | $175.04B | $191.14B | $200.28B | $220.31B | $236.93B | $251.61B | $257.02B |
| QoQ Change | — | +1.5% | +2.5% | +5.0% | +5.4% | +1.7% | +4.5% | +9.9% | +8.6% | +4.6% | +9.2% | +4.8% | +10.0% | +7.5% | +6.2% | +2.1% |
| YoY Change | — | — | — | — | +15.2% | +15.5% | +17.7% | +23.2% | +26.9% | +30.5% | +36.3% | +30.0% | +31.6% | +35.4% | +31.6% | +28.3% |
Range$114.49B – $257.02B
CAGR+24.1%
Avg YoY Growth+26.9%
Median YoY Growth+29.2%
Current Streak15+ quarters growth
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Frequently Asked Questions
- What is Apollo Global Management's retirement services — interest sensitive contract liabilities?
- Apollo Global Management (APO) reported retirement services — interest sensitive contract liabilities of $257.02B in Q4 2025.
- How has Apollo Global Management's retirement services — interest sensitive contract liabilities changed year-over-year?
- Apollo Global Management's retirement services — interest sensitive contract liabilities increased by 28.3% year-over-year, from $200.28B to $257.02B.
- What is the long-term trend for Apollo Global Management's retirement services — interest sensitive contract liabilities?
- Over 3 years (2022 to 2025), Apollo Global Management's retirement services — interest sensitive contract liabilities has grown at a 26.7% compound annual growth rate (CAGR), from $474.87B to $965.87B.
- What does retirement services — interest sensitive contract liabilities mean?
- The total amount the company owes to policyholders for interest-linked insurance products.