Apollo Global Management Investor Day Presentation Deck

Numerous Advantages Allow Us to Structure "Win-Win" Solutions Lincoln PARTNER VOYA Financial Group® CAPITAL SOURCING ASSETS SCALE STRUCTURE CREDIBILITY SOLUTION RESULT FOR CLIENT FULL EXIT - $53 BILLION FA & VA RESERVES TRANSFERRED • 9.9% stake in ● Venerable ~$1.1 BILLION capital release +10% OUTPERFORMANCE ¹ on announcement ● ● JACKSON $29 BILLION FA RESERVES REINSURED $500 million validating equity investment (~11% stake) ~$2.0 BILLION capital release +3% OUTPERFORMANCE 2 on announcement $8 BILLION FIA RESERVES REINSURED • Facilitated ~$500 million share repurchase ~$700 MILLION capital release +1% OUTPERFORMANCE 3 on announcement Note: The transactions presented are for illustrative purposes only. There is no guarantee that similar transactions will be available in the future or, if available, achieve similar results. 1. Based on Voya, Financial (NYSE: VOYA) share price change pre- vs. post-announcement. 2. Based on Prudential Plc. (LON: PRU) share price change pre- vs. post-announcement. 3. Based on Lincoln National Corp. (NYSE: LNC) share price change pre- vs. post-announcement. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 55

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