Apollo Global Management Traditional Deferred Annuities — Interest sensitive contract liabilities increased by 2.9% to $109.20B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 26.0%, from $86.66B to $109.20B. Over 3 years (FY 2022 to FY 2025), Traditional Deferred Annuities — Interest sensitive contract liabilities shows an upward trend with a 38.7% CAGR.
Growth in these liabilities reflects business expansion, while changes in value indicate sensitivity to interest rate environments.
The total value of liabilities for annuity contracts where the cash flows are significantly influenced by interest rate...
Commonly reported by insurance companies under GAAP/IFRS for interest-sensitive insurance products.
apo_segment_traditional_deferred_annuities_interest_sensitive_contract_liabilities| 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 | $35.65B | $35.94B | $39.65B | $43.52B | $48.45B | $50.92B | $53.85B | $64.76B | $70.83B | $76.24B | $82.35B | $86.66B | $96.70B | $100.84B | $106.17B | $109.20B |
| QoQ Change | — | +0.8% | +10.3% | +9.7% | +11.3% | +5.1% | +5.8% | +20.3% | +9.4% | +7.6% | +8.0% | +5.2% | +11.6% | +4.3% | +5.3% | +2.9% |
| YoY Change | — | — | — | — | +35.9% | +41.7% | +35.8% | +48.8% | +46.2% | +49.7% | +52.9% | +33.8% | +36.5% | +32.3% | +28.9% | +26.0% |