Apollo Global Management Investor Day Presentation Deck

High-Quality Asset Portfolio Generates Excess Return KEY ATTRIBUTES 94% invested in fixed income or cash 6% of invested assets in differentiated alternatives 95% AFS fixed maturity securities rated investment grade¹ RESILIENT HIGH GRADE STRESS TESTED ABS 11% CLO 10% RML 4% CASH AND EQUIVALENTS 1. Investment Grade is defined as designated NAIC categories 1 and 2 for AFS securities as of March 31, 2022. 2. "Other" includes accrued income, equity securities, policy loans, and short-term investments. 3. Gross invested assets of $222 billion includes $184 billion of net invested assets and $38 billion of assets associated with ADIP. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 CMBS 2% RMBS 4% CML 12% 3% OTHER² 2% ALTERNATIVES 6% $222 BILLION ³ Gross Invested Assets CORPORATE & GOV'T 46% 31

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