Apollo Global Management Investor Presentation Deck

Athene is a Source of Strength for the Industry... Fortress Balance Sheet G $20B Regulatory Capital¹ $2.3B Excess Capital² Under-levered Position Serving Clients & Partners 2M Policyholders + Reinsurance and Distribution Partners ~$110K Avg. Policy Size Driving Continued Profitable Growth $8.8B Organic Inflows Quarter-to-Date Through March 10th APOLLO With Significant Liquidity $73B Total Available Liquidity³ 1) As of December 31, 2022. Represents the aggregate capital of Athene's US and Bermuda insurance entities, determined with respect to each insurance entity by applying the statutory accounting principles applicable to each such entity. Adjustments are made to, among other things, assets and expenses at the Athene holding company level. 2) As of December 31, 2022. Computed as the capital in excess of the capital required to support our core operating strategies, as determined based upon internal modeling and analysis of economic risk, as well as inputs from rating agency capital models and consideration of both NAIC RBC and Bermuda capital requirements. 3. Data as of March 10, 2023. Includes $56.9bn liquid bond portfolio, $8.6bn of GAAP cash and cash equivalents, $2.0bn committed repo, $1.25bn AHL revolver with $0.5bn accordion feature, $2.5bn AHL/ALRe liquidity facility with $0.5bn accordion feature, and available FHLB capacity. Availability of accordion features subject to lender consent and other factors. 27

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