Future policy benefits
Apollo Global Management Future policy benefits decreased by 3.2% to $48.66B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.5%, from $49.9B to $48.66B. Over 3 years (FY 2022 to FY 2025), Future policy benefits shows an upward trend with a 6.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase indicates growth in the insurance book of business, while a decrease may suggest maturing policies or changes in actuarial assumptions.
Detailed definition
This represents the estimated present value of future insurance and annuity benefits payable to policyholders. It is a c...
Peer comparison
Standard across life and retirement insurance companies; peers typically report this as a primary long-term liability.
ins_future_policy_benefitsHistorical Data
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $39.24B | $41.2B | $41.29B | $42.11B | $42.49B | $50.28B | $46.67B | $53.29B | $51.67B | $50.8B | $52.96B | $49.9B | $49.9B | $49.4B | $49.01B | $50.26B | $48.66B |
| QoQ Change | — | +5.0% | +0.2% | +2.0% | +0.9% | +18.3% | -7.2% | +14.2% | -3.0% | -1.7% | +4.3% | -5.8% | -0.0% | -1.0% | -0.8% | +2.6% | -3.2% |
| YoY Change | — | — | — | — | +8.3% | +22.1% | +13.0% | +26.5% | +21.6% | +1.0% | +13.5% | -6.4% | -3.4% | -2.8% | -7.5% | +0.7% | -2.5% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Reconciling items | $5.94B | $6.04B | $5.81B | $5.79B | $5.75B | $5.67B | $5.81B | $5.62B |
| Payout Annuities with Life Contingencies | — | — | $42.26B | — | — | — | — | — |
| Total | — | — | $44.09B | — | — | — | — | — |
| Whole Life | — | — | $1.83B | — | — | — | — | — |
| Total | $50.8B | $52.96B | $49.9B | $49.9B | $49.4B | $49.01B | $50.26B | $48.66B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $50.8B | $52.96B | $49.9B | $49.9B | $49.4B | $49.01B | $50.26B | $48.66B |
| Total | $50.8B | $52.96B | $49.9B | $49.9B | $49.4B | $49.01B | $50.26B | $48.66B |
Future policy benefits at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's future policy benefits?
- Apollo Global Management (APO) reported future policy benefits of $48.66B in Q1 2026.
- How has Apollo Global Management's future policy benefits changed year-over-year?
- Apollo Global Management's future policy benefits decreased by 2.5% year-over-year, from $49.9B to $48.66B.
- What is the long-term trend for Apollo Global Management's future policy benefits?
- Over 3 years (2022 to 2025), Apollo Global Management's future policy benefits has grown at a 6.1% compound annual growth rate (CAGR), from $42.11B to $50.26B.
- What does future policy benefits mean?
- The total estimated amount the company expects to pay out for future insurance and annuity claims.