Apollo Global Management Investor Presentation Deck
Risk Management is Embedded in Everything We Do
Managing Risk Such That Athene Can Grow Profitably Across Market Environments
Duration-Matched Portfolio with Quarterly Cash Flow Monitoring & Stress Testing
Robust risk management framework and procedures underpin
focus on protecting capital and aligning risks with stakeholder
expectations
Risk strategy, investment, credit, asset-liability management ("ALM")
and liquidity risk policies, amongst others, at the board and
management levels to ensure full duration and convexity matching
Stress testing plays a key role in defining risk appetite, with tests
performed on both sides of the balance sheet
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Athene Asset Portfolio
Risk & Stress Considerations Update
February 2023
Experienced risk team
• Chief Risk Officer leads team of more than 50 professionals
focused on Athene's risk profile, with reporting to the Athene
Board Risk Committee Chair
An Experienced Risk Team Manages a Robust Governance & Limit Framework
Supporting Athene's Risk Appetite
• Maintains set of risk committees, policies, and limits to manage
its key risks and ensure proper governance and reporting to
senior management and the Athene Board
Disciplined risk appetite
• Enterprise risk appetite is established using stress testing and is
cascaded to the business through risk limits
• Maintaining excess capital and liquidity allows Athene to be
positioned to take advantage of opportunities in times of
market dislocation
ATHENE
Credit Limits
Single Issuer
Limits
Driven to do more: ATHENE
Asset Allocation
Limits
APOLLO
Stress Testing
Plays a Key Role in
Defining Athene's
Risk Appetite
Hedge Limits
Transaction
Limits
ALM Limits
Liquidity Limits
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