Apollo Global Management Investor Day Presentation Deck
Management Actions Mitigate Losses and Capital Strain in Stress
AVAILABLE ACTIONS ALLOW FOR AT LEAST $4B OF LIQUIDITY AND $4B OF CAPITAL RELIEF IN MARKET DISLOCATIONS
CAPITAL
MARKETS
REDUCE
CAPITAL
USAGE
OTHER
ACTION
Utilize Federal Home Loan Bank
('FHLB') Facility
Committed Repo
Draw Revolver
Issue Senior Debt
Buy Fewer New Alternatives
Reduce Organic Volumes
Active Portfolio Management
Change in-force Crediting Rates
Reinsure Select In-Force Blocks
ILLUSTRATIVE
BENEFIT ($B)
1. Drawing the Revolver would reduce undrawn debt capacity. $1.25B revolver with $0.5B accordion feature. 2. Crediting rate action of deferred annuities.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
~$0.5
~$2.0
~$1.81
~$2.9
(to 25% Debt to Cap)
~$0.5
(no new alts for 1 year)
~$1.0
(50% reduction in planned volumes for 1 year)
$1.0+
(sell high quality assets at a gain)
~$0.5
(if credited rates taken to half-way to contractual minimums)²
~$1.0
(select identified blocks)
ACTIONABILITY
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