Apollo Global Management Investor Day Presentation Deck
Pension Group Annuities
Business Highlights
Entered the pension group annuity business in 2017 and
quickly grew into a market leader
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Through several signature transactions, has become known as
a partner of choice for blue-chip corporate pension plan sponsors
Signature Transactions
Ill Bristol Myers Squibb
$2.6 BILLION
2019
WHAT IS A PENSION GROUP ANNUITY?
1
2
LOCKHEED MARTIN
$4.9 BILLION
2021
Occurs when a defined benefit pension plan sponsor transfers
some or all of the plan's liabilities to another company
That company issues a group ("bulk") annuity which provides
benefit continuity for all the pensioners within the plan
APOLLO INVESTOR DAY 2021
Pension Group Annuity Inflows ($B)
●
$2.3
●
2017
$2.6
KEY DRIVERS:
2018
$6.0
2019
$5.4
2020
Long-term secular shift by corporations away from
managing pension assets internally
~$13
2021E
Provides simplicity and consistent income to retirees
while offering increased efficiency to corporations and plan
sponsors
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