Apollo Global Management Investor Day Presentation Deck

Key to Success is Appropriately Pricing Risk Key Risk Considerations When Originating New Funding APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 Higher Risk Requires Higher Profit Targets LONGER STICKY NARROW LOW DURATION PERSISTENCY VOLATILITY OF OUTCOMES INTEGRATION RISK SHORTER LIQUID WIDE HIGH ATHENE UTILIZES A RISK-RETURN CONTINUUM TO EVALUATE LEVELS OF ORIGINATION ACROSS EACH OF ITS CHANNELS 62

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