Apollo Global Management Investor Day Presentation Deck
Athene Originates Low-Cost, Long-Dated Funding
SIMPLE RETIREMENT SAVINGS PRODUCTS WITH STRUCTURAL FEATURES THAT INCREASE STABILITY
9 Year
Weighted
Average Life
of Funding
2.2%
Average Cost
of Funds
on New Business
-75%
Of Funding Carries a
Withdrawal Penalty or
Cannot be Withdrawn
Spread-Based
Conservatively
Underwritten
Very Limited
Tail Risk
23%
DIVERSIFIED LIABILITY PORTFOLIO
Other
1%³
Non-Surrenderable
Payout
Annuities
4%²
50%
Withdrawal /
Surrender Charge
Protected
Pension
Group
Annuities
11%
Funding
Agreements
11%
Fixed Rate
Annuities
21%
$180
billion4
Fixed
Indexed
Annuities
52%
1.2021 YTD as of June 30, 2021. Expected level lifetime cost of liabilities including policyholder benefits, commissions, and maintenance expenses but excluding taxes, investment fees, and overhead expenses. 2. Includes Single Premium Immediate Annuities, Supplemental Contracts and Structured Settlements.
3. Other primarily consists of the AmerUs Closed Block liabilities and other life reserves. 4. Gross reserve liabilities includes reserves associated with the ACRA noncontrolling interest as of June 30, 2021.
APOLLO INVESTOR DAY 2021
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