Apollo Global Management Investor Day Presentation Deck
Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF TOTAL INVESTMENT FUNDS, INCLUDING
RELATED PARTIES AND VIES, TO NET ALTERNATIVE INVESTMENTS
RECONCILIATION OF TOTAL LIABILITIES
TO NET RESERVE LIABILITIES
(In millions)
Investment funds including related parties and VIES
Nonredeemable preferred stock included in equity securities
CLO and ABS equities included in trading securities
Investment funds within funds withheld at interest
Royalties and other assets included in other investments
Net assets of the VIE, excluding investment funds
Unrealized (gains)/losses and other adjustments
Total adjustments to arrive at alternative investments
Gross alternative investments
ACRA noncontrolling interest
Net alternative investments
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
1Q'22
$ 17,899
941
1,203
1,982
48
(8,632)
12
(4,446)
13,453
(1,947)
$ 11,506
(In millions)
Total liabilities
Long-term debt
Derivative liabilities
Payables for collateral on derivatives and securities to repurchase
Other liabilities
Liabilities of consolidated VIES
Reinsurance ceded receivables
Policy loans ceded
Other
Total adjustments to arrive at reserve liabilities
Gross reserve liabilities
ACRA noncontrolling interest
Net reserve liabilities
1Q'22
$ 232,442
(3,287)
(631)
(5,717)
(1,944)
(6,801)
(4,648)
(158)
(3)
(23,189)
209,253
(35,019)
$ 174,234
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