Traditional Deferred Annuities — Market risk benefits
Apollo Global Management Traditional Deferred Annuities — Market risk benefits increased by 0.5% to $205.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.9%, from $190.00M to $205.00M. Over 3 years (FY 2022 to FY 2025), Traditional Deferred Annuities — Market risk benefits shows relatively stable performance with a 3.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in market risk benefits typically reflects higher potential liability due to market volatility or unfavorable economic assumptions, requiring more robust hedging.
Detailed definition
This metric represents the fair value of liabilities associated with guarantees provided to policyholders that are sensi...
Peer comparison
Comparable to 'guaranteed minimum withdrawal benefit' (GMWB) or 'market risk benefit' (MRB) liabilities reported by major annuity and life insurance providers.
apo_segment_traditional_deferred_annuities_market_risk_benefitsHistorical Data
| 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 | $253.00M | $215.00M | $181.00M | $161.00M | $170.00M | $180.00M | $179.00M | $167.00M | $192.00M | $189.00M | $189.00M | $201.00M | $190.00M | $194.00M | $195.00M | $204.00M | $205.00M |
| QoQ Change | — | -15.0% | -15.8% | -11.0% | +5.6% | +5.9% | -0.6% | -6.7% | +15.0% | -1.6% | +0.0% | +6.3% | -5.5% | +2.1% | +0.5% | +4.6% | +0.5% |
| YoY Change | — | — | — | — | -32.8% | -16.3% | -1.1% | +3.7% | +12.9% | +5.0% | +5.6% | +20.4% | -1.0% | +2.6% | +3.2% | +1.5% | +7.9% |
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Frequently Asked Questions
- What is Apollo Global Management's traditional deferred annuities — market risk benefits?
- Apollo Global Management (APO) reported traditional deferred annuities — market risk benefits of $205.00M in Q4 2025.
- How has Apollo Global Management's traditional deferred annuities — market risk benefits changed year-over-year?
- Apollo Global Management's traditional deferred annuities — market risk benefits increased by 7.9% year-over-year, from $190.00M to $205.00M.
- What is the long-term trend for Apollo Global Management's traditional deferred annuities — market risk benefits?
- Over 3 years (2022 to 2025), Apollo Global Management's traditional deferred annuities — market risk benefits has grown at a 3.2% compound annual growth rate (CAGR), from $727.00M to $798.00M.
- What does traditional deferred annuities — market risk benefits mean?
- The estimated financial liability arising from market-sensitive guarantees provided to annuity policyholders.