Apollo Global Management Investor Day Presentation Deck

Risk Management is Embedded in Everything We Do MANAGE ATHENE'S RISKS SUCH THAT IT CAN GROW PROFITABLY ACROSS VARIOUS MARKETS ● APOLLO INVESTOR DAY 2021 ATHENE'S RISK MANAGEMENT PRIORITIES Robust risk management framework and procedures underpin focus on downside protection Risk strategy, investment, ALM and liquidity compliance policies at the board and management levels Stress testing plays a key role in defining risk appetite, with tests performed on both sides of the balance sheet Committed to transparency by publishing annual stress test: latest edition available October 19, 2021 167

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