Non-Current Liabilities

Separate account liabilities

Blackrock Separate account liabilities increased by 12.2% to $60.10B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.8%, from $52.81B to $60.10B. Over 2 years (FY 2023 to FY 2025), Separate account liabilities shows relatively stable performance with a 3.5% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ4 2023
Last reportedQ4 2025

How to read this metric

Changes in this balance reflect the market value fluctuations or net inflows/outflows of client-managed assets held in segregated accounts.

Detailed definition

These are liabilities that correspond directly to assets held in separate accounts, typically for insurance or investmen...

Peer comparison

Common in insurance and asset management firms that offer segregated investment products.

Metric ID: ins_separate_account_liabilities

Historical Data

7 periods
 Q4 '23Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$56.10B$56.69B$52.81B$53.66B$56.11B$53.57B$60.10B
QoQ Change—+1.1%-6.8%+1.6%+4.6%-4.5%+12.2%
YoY Change——-5.9%——-5.5%+13.8%
Range$52.81B – $60.10B
CAGR+4.7%
Avg YoY Growth+0.8%
Median YoY Growth-5.5%

Frequently Asked Questions

What is Blackrock's separate account liabilities?
Blackrock (BLK) reported separate account liabilities of $60.10B in Q4 2025.
How has Blackrock's separate account liabilities changed year-over-year?
Blackrock's separate account liabilities increased by 13.8% year-over-year, from $52.81B to $60.10B.
What is the long-term trend for Blackrock's separate account liabilities?
Over 2 years (2023 to 2025), Blackrock's separate account liabilities has grown at a 3.5% compound annual growth rate (CAGR), from $56.10B to $60.10B.
What does separate account liabilities mean?
Liabilities that are exactly matched by specific assets held on behalf of clients.

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