Apollo Global Management Investor Presentation Deck

Reconciliation of GAAP to Non-GAAP Financial Measures (Athene) ($ in millions) Reconciliation of Total Liabilities to Net Reserve Liabilities Total Liabilities Debt Derivative Laibilities Payables for collateral on derivatives and securities to repurchase Other Liabilities Liabilities of consolidated VIES Reinsurance impacts Policy loans ceded ACRA noncontroliing interest Other Total adjustments to arrive at net reserve liabilities Net reserve liabilities $ $ December 31, 2022 243,667 (3,658) (1,646) (3,841) (1,635) (815) (9,186) (179) (38,382) 1 (59,341) 184,326 APOLLO 54

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