Apollo Global Management Investor Day Presentation Deck

Athene Prioritizes Pricing Discipline Across Channels NEW BUSINESS DECISIONS ARE BASED ON TARGET RETURN CHARACTERISTICS, NOT VOLUME 2018 Pulled back from FABN market when terms were not favorable, then re-entered Pivoted away from MYGA 2021 issuance when pricing became irrational $5,000 $4,000 $3,000 $2,000 $1,000 $0 $1,000 $750 $500 $250 APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 $0 1Q'17 2Q'17 1Q'20 3Q'17 4Q'17 2Q'20 1Q'18 2Q'18 3Q'20 3Q'18 4Q'18 1Q'19 4Q'20 2Q'19 3Q'19 1Q'21 4Q'19 1Q'20 2Q¹21 2Q'20 athd 3Q'20 4Q'20 3Q'21 1Q'21 2Q¹21 4Q'21 $ IN MM 3Q'21 4Q'21 1Q'22 $ IN MM 1Q'22 41

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