Apollo Global Management Retirement Services — Liabilities, Fair Value Disclosure increased by 5.0% to $28.06B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 30.9%, from $21.43B to $28.06B. Over 3 years (FY 2022 to FY 2025), Retirement Services — Liabilities, Fair Value Disclosure shows an upward trend with a 31.7% CAGR.
Changes reflect shifts in market interest rates and credit spreads impacting the present value of future policy benefits.
The aggregate fair value of insurance and investment contract liabilities as reported in financial disclosures. This met...
Required disclosure for insurance companies under fair value accounting standards.
apo_segment_retirement_services_liabilities_fair_value_disclosure| 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 | $14.58B | $9.49B | $9.76B | $10.09B | $14.24B | $15.91B | $14.77B | $17.61B | $19.78B | $20.84B | $22.02B | $21.43B | $21.14B | $24.36B | $26.72B | $28.06B |
| QoQ Change | — | -34.9% | +2.9% | +3.4% | +41.1% | +11.8% | -7.2% | +19.2% | +12.4% | +5.4% | +5.7% | -2.7% | -1.4% | +15.2% | +9.7% | +5.0% |
| YoY Change | — | — | — | — | -2.3% | +67.7% | +51.4% | +74.4% | +38.9% | +31.0% | +49.1% | +21.7% | +6.9% | +16.9% | +21.3% | +30.9% |