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Business Segments · Market risk benefits

Retirement Services — Market risk benefits

Apollo Global Management Retirement Services — Market risk benefits increased by 1.6% to $5.01B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.9%, from $4.36B to $5.01B. Over 2 years (FY 2023 to FY 2025), Retirement Services — Market risk benefits shows an upward trend with a 18.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryRisk
SignalHigher is better
VolatilityVolatile
First reportedQ4 2022
Last reportedQ1 2026May 7, 2026

How to read this metric

A gain indicates a reduction in the liability value due to market movements, while a loss indicates an increase in the cost of providing these guarantees.

Detailed definition

Reflects the fair value adjustment of guarantees provided to policyholders that protect against market volatility, such...

Peer comparison

Common in insurance companies with variable annuity products; peers report this under fair value accounting standards.

Metric ID: apo_segment_retirement_services_market_risk_benefits

Historical Data

14 periods
 Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$2.97B$3.2B$3.2B$3.02B$3.75B$3.72B$3.73B$4.4B$4.03B$4.36B$4.49B$4.84B$4.93B$5.01B
QoQ Change+7.8%-0.2%-5.4%+24.2%-0.7%+0.1%+18.1%-8.5%+8.3%+2.9%+7.7%+2.0%+1.6%
YoY Change+26.3%+16.2%+16.7%+45.7%+7.4%+17.2%+20.4%+9.8%+22.4%+14.9%
Range$2.97B$5.01B
CAGR+17.5%
Avg YoY Growth+19.7%
Median YoY Growth+16.9%
Current Streak5 quarters growth

Frequently Asked Questions

What is Apollo Global Management's retirement services — market risk benefits?
Apollo Global Management (APO) reported retirement services — market risk benefits of $5.01B in Q1 2026.
How has Apollo Global Management's retirement services — market risk benefits changed year-over-year?
Apollo Global Management's retirement services — market risk benefits increased by 14.9% year-over-year, from $4.36B to $5.01B.
What is the long-term trend for Apollo Global Management's retirement services — market risk benefits?
Over 2 years (2023 to 2025), Apollo Global Management's retirement services — market risk benefits has grown at a 18.9% compound annual growth rate (CAGR), from $13.17B to $18.62B.
What does retirement services — market risk benefits mean?
The change in value of financial guarantees provided to policyholders against market downturns.