Non-Current Liabilities
Market risk benefits
Apollo Global Management 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 4 years (FY 2021 to FY 2025), Market risk benefits shows relatively stable performance with a 0.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ4 2021
Last reportedQ1 2026May 7, 2026
How to read this metric
An increase indicates higher long-term obligations due to market-sensitive guarantees provided to policyholders.
Detailed definition
This represents the liability-side valuation of market risk benefits, reflecting the obligation to policyholders for mar...
Peer comparison
Standard liability reporting for insurance-linked asset managers.
Metric ID:
non_current_liabilities_market_risk_benefit_liability_amountHistorical Data
18 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.81B | $3.86B | $3.16B | $2.79B | $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 | — | -19.9% | -18.0% | -11.8% | +6.4% | +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 | — | — | — | — | -38.3% | -17.0% | +1.0% | +8.2% | +26.3% | +16.2% | +16.7% | +45.7% | +7.4% | +17.2% | +20.4% | +9.8% | +22.4% | +14.9% |
Range$2.79B – $5.01B
CAGR+0.9%
Avg YoY Growth+10.8%
Median YoY Growth+15.5%
Current Streak5 quarters growth
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Indexed Annuities | $3.54B | $4.2B | $3.84B | $4.17B | $4.29B | $4.63B | $4.73B | $4.81B |
| Traditional Deferred Annuities | — | — | $190M | — | — | $204M | $205M | $203M |
| Total | $3.73B | $4.4B | $4.03B | $4.36B | $4.49B | $4.84B | $4.93B | $5.01B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Retirement Services | $3.73B | $4.4B | $4.03B | $4.36B | $4.49B | $4.84B | $4.93B | $5.01B |
| Total | $3.73B | $4.4B | $4.03B | $4.36B | $4.49B | $4.84B | $4.93B | $5.01B |
Market risk benefits at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's market risk benefits?
- Apollo Global Management (APO) reported market risk benefits of $5.01B in Q1 2026.
- How has Apollo Global Management's market risk benefits changed year-over-year?
- Apollo Global Management's 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 market risk benefits?
- Over 4 years (2021 to 2025), Apollo Global Management's market risk benefits has grown at a 0.6% compound annual growth rate (CAGR), from $4.81B to $4.93B.
- What does market risk benefits mean?
- The total value of market risk benefits recorded as a long-term liability.