Effect of changes in instrument-specific credit risk
Apollo Global Management Effect of changes in instrument-specific credit risk increased by 83.1% to -$44M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from -$41M to -$44M. Over 3 years (FY 2022 to FY 2025), Effect of changes in instrument-specific credit risk shows a downward trend with a -10.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in this value suggests a decline in the company's perceived credit quality, impacting the valuation of its liabilities.
Detailed definition
This captures the cumulative impact of changes in the company's own credit risk on the valuation of market risk benefits...
Peer comparison
Standard reporting requirement for financial institutions under fair value accounting for liabilities.
other_aoci_market_risk_benefit_instrument_specific_credi_19efcbHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q3 '24 | Q4 '24 | Q1 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$397M | -$576M | -$524M | $366M | -$455M | -$220M | -$8M | -$95M | -$157M | -$41M | -$289M | -$260M | -$44M |
| QoQ Change | — | -45.1% | +9.0% | +169.8% | -224.3% | +51.6% | +96.4% | <-999% | -65.3% | +73.9% | -604.9% | +10.0% | +83.1% |
| YoY Change | — | — | — | — | -14.6% | +58.0% | -102.2% | +56.8% | <-999% | — | -204.2% | -65.6% | -7.3% |
Product Breakdown
| Segment | Q3 '23 | Q1 '24 | Q2 '24 | Q4 '24 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|
| Indexed Annuities | — | — | — | — | -$284M | -$255M | -$43M |
| Traditional Deferred Annuities | — | — | — | — | -$5M | -$5M | -$1M |
| Traditional Deferred Annuities and Indexed Annuities | $146M | -$36M | -$2M | -$157M | — | — | — |
| Total | -$220M | — | — | -$157M | -$289M | -$260M | -$44M |
Effect of changes in instrument-specific credit risk at Other Companies
Frequently Asked Questions
- What is Apollo Global Management's effect of changes in instrument-specific credit risk?
- Apollo Global Management (APO) reported effect of changes in instrument-specific credit risk of -$44M in Q1 2026.
- How has Apollo Global Management's effect of changes in instrument-specific credit risk changed year-over-year?
- Apollo Global Management's effect of changes in instrument-specific credit risk decreased by 7.3% year-over-year, from -$41M to -$44M.
- What is the long-term trend for Apollo Global Management's effect of changes in instrument-specific credit risk?
- Over 3 years (2022 to 2025), Apollo Global Management's effect of changes in instrument-specific credit risk has grown at a -10.8% compound annual growth rate (CAGR), from $366M to -$260M.
- What does effect of changes in instrument-specific credit risk mean?
- The portion of market risk benefit valuation changes attributed specifically to the company's own credit risk.