Apollo Global Management Investor Day Presentation Deck

Athene's Balance Sheet is Simple and Straightforward ATHENE Nearly All Investment $180B Grade $9B $8.5B FIXED INCOME / YIELD ASSETS 95% OF PORTFOLIO ALTS, 5% OF PORTFOLIO OTHER, NET¹ SPREAD-BASED LIABILITIES EQUITY $180B $17.5B Persistent, Predictable, 9 Year Weighted Average Life Note: Data as of June 30, 2021. Spread liabilities equal to gross reserve liabilities. Equity equal to adjusted AHL common shareholders' equity, ACRA non-controlling interest, and preferred equity. 1. Other, net includes all other assets as defined by GAAP excluding gross invested fixed income and alternative assets, less other liabilities including debt and accumulated other comprehensive income. APOLLO INVESTOR DAY 2021 41

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