Apollo Global Management Investor Day Presentation Deck
Athene's Financial Model is Straightforward
LIABILITIES ARE SUPPORTED BY AN APPROPRIATE AMOUNT OF CAPITAL, INVESTED IN MOSTLY FIXED INCOME ASSETS
100%
1%
OTHER
$1.00 OF FUNDING...
68% FIXED & FIXED INDEXED
ANNUITIES
14% FUNDING AGREEMENTS
12% PENSION GROUP
ANNUITIES
5% PAYOUT ANNUITIES
LIABILITY MIX 1
YTD PRICING COST OF FUNDS = 3.0%²
...SUPPORTED BY $1.00 OF
ASSETS + $0.08 OF CAPITAL...
8% CAPITAL
ASSETS AT
~12X LEVERAGE
ASSETS + CAPITAL
Data as of March 31, 2022, unless otherwise noted.
1. Represents net liability mix. 2. No mark-to-market accounting applies for SRE calculation. 3. Represents pricing for organic inflows written through May 2022.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
...INVESTED
CONSERVATIVELY
6% ALTERNATIVES
94%
FIXED INCOME AND
OTHER INVESTMENTS
ASSET COMPOSITION
YTD PRICING ASSET YIELD = 4.3%³
Marked-
to-market
quarterly
Majority
book value
accounting
(no mark-to-
market)²
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