Apollo Global Management Investor Day Presentation Deck

Athene's Activity Has Been Predictable, Within a Narrow Range 1,2 ATHENE HISTORICAL OUTFLOWS (annualized) ¹,² 18% 15% 12% 9% 6% 3% 0% 2015 2016 2017 2018 2019 1. Outflows consist of full and partial policyholder withdrawals on deferred annuities, death benefits, benefit payments on pension group annuities and payout annuities, and funding agreement maturities. 2. Annualized outflow rates are calculated as outflows divided by average net invested assets. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 2020 2021 11% 7% 2022 AVG = 9% 65

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