Apollo Global Management Investor Presentation Deck
Reconciliation of GAAP to Non-GAAP Financial Measures (Athene)
($ in millions, except percentages)
Reconciliation of Total AHL Shareholders' Equity to Total Adjusted AHL Common Shareholder's Equity
Total AHL shareholders' equity
Less: Preferred stock
Total AHL common shareholder's deficit
Less: Accumulated other comprehensive loss
Less: Accumulated change in fair value of reinsurance assets
Less: Accumulated change in fair value of mortgage loan assets
Total adjusted AHL common shareholder's equity
Reconciliation of Debt to Capital Ratio to Adjusted Debt to Capital Ratio
Total debt
Less: Adjustment to arrive at notional debt
Notional debt
Total debt
Total AHL shareholders' equity
Total capitalization
Less: Accumulated other comprehensive loss
Less: Accumulated change in fair value of reinsurance assets
Less: Accumulated change in fair value of mortgage loan assets
Less: Adjustment to arrive at notional debt
Total adjusted capitalization
Debt to capital ratio
Accumulated other comprehensive loss
Accumulated change in fair value of reinsurance assets
Accumulated change in fair value of mortgage loan assets
Adjustment to arrive at notional debt
Adjusted debt to capital ratio
$
$
$
$
$
$
December 31, 2022
916
3,154
(2,238)
(12,311)
(3,046)
(2,091)
15,210
December 31, 2022
3,658
258
3,400
3,658
916
4,574
(12,311)
(3,046)
(2,091)
258
21,764
80.0 %
(44.7)%
(11.1)%
(7.6)%
(1.0)%
15.6 %
APOLLO
553
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