Apollo Global Management Retirement Services — Policy loans decreased by 1.0% to $301.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.3%, from $318.00M to $301.00M. Over 3 years (FY 2022 to FY 2025), Retirement Services — Policy loans shows relatively stable performance with a -3.2% CAGR.
An increase may reflect higher policyholder demand for liquidity, while a decrease suggests lower utilization of policy-based borrowing features.
Loans extended to policyholders that are collateralized by the cash surrender value of their insurance policies. These r...
Standard asset category for life insurance companies labeled 'Policy Loans'.
apo_segment_retirement_services_policy_loans| 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 | $296.00M | $358.00M | $353.00M | $347.00M | $339.00M | $336.00M | $336.00M | $334.00M | $330.00M | $325.00M | $320.00M | $318.00M | $313.00M | $310.00M | $304.00M | $301.00M |
| QoQ Change | — | — | +20.9% | -1.4% | -1.7% | -2.3% | -0.9% | +0.0% | -0.6% | -1.2% | -1.5% | -1.5% | -0.6% | -1.6% | -1.0% | -1.9% | -1.0% |
| YoY Change | — | — | — | — | — | +14.5% | -6.1% | -4.8% | -3.7% | -2.7% | -3.3% | -4.8% | -4.8% | -5.2% | -4.6% | -5.0% | -5.3% |