Apollo Global Management Investor Day Presentation Deck
Reconciliation of GAAP to Non-GAAP Financial Measures
RECONCILIATION OF NET INCOME (LOSS) AVAILABLE TO AHL COMMON SHAREHOLDER TO SPREAD RELATED EARNINGS AND NORMALIZED SPREAD RELATED EARNINGS
(In millions)
Net income (loss) available to Athene Holding Ltd. common shareholder
Preferred stock dividends
Net income (loss) attributable to noncontrolling interest
Net income (loss)
Income tax expense (benefit)
Income (loss) before income tax
Non-operating adjustments
Investment gains (losses), net of offsets
Change in fair values of derivatives and embedded derivatives - FIAS, net of offsets
Integration, restructuring and other non-operating expenses
Stock compensation expense
Preferred stock dividends
Noncontrolling interests - pre-tax income (loss)
Less: Total adjustments to income (loss) before income taxes
Spread related earnings
Normalization of alternative investment income
Other notable items
Normalized spread related earnings
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
2014
471
15
486
53
539
152
(28)
(279)
(148)
15
(288)
827
52
879
2015
$
$
579
16
595
595
(56)
(30)
(58)
(67)
16
(195)
790
127
(24)
893
2016
773
773
(61)
712
47
67
(22)
(84)
8
704
99
158
961
2017
$ 1,358
1,358
106
1,464
199
230
(68)
(45)
316
1,148
59
(146)
1,061
2018
1,053
$ 1,053 $ 2,136 $ 1,446
122
1,175
(274)
242
(22)
(26)
(80)
1,255
91
2019
34
1,380
36
13
2,185
117
2,302
994
(65)
(70)
(27)
36
13
881
1,421
37
2020
5
1,463
95
380
1,921
285
2,206
733
(235)
(10)
(25)
95
393
951
1,255
152
(40)
1,367
$
2021
3,718
141
(59)
3,800
386
4,186
1,024
692
(124)
(38)
141
(18)
1,677
2,509
(609)
(52)
$ 1,848
1Q'22
$ (1,518)
$
35
(883)
(2,366)
(407)
(2,773)
(2,461)
(81)
(34)
(12)
35
(890)
(3,443)
670
(143)
(39)
488
144View entire presentation