Apollo Global Management Investor Day Presentation Deck

Industry Annuity Surrender Activity Highly Stable and Predictable SELECT U.S. ANNUITY PRODUCT SURRENDER RATES OVER TIME 18% 15% 12% 9% 6% 3% 0% 2001 2002 2003 2004 2005 2006 2007 Source: SNL select US life insurers include AEL, AIG (L&R), AMP, BHF, CNO, F&G, GA, LNC, MET, PFG, PRU, RGA, VOYA. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 GFC 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 COVID-19 2019 2020 2021 64

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