Apollo Global Management Investor Day Presentation Deck
Key Question: How do Rising Interest Rates Impact SRE?
ATHENE FLOATING RATE POSITION
20% or $37 billion
Floating Rate Assets¹
(Primarily CLOs and CMLs)
6% or $11 billion
Floating Rate Liabilities²
14% or $26 billion
Net Floating Rate Assets Positioned
to Benefit From Higher Rates
+25BPS
PARALLEL
SHIFT IN
THE CURVE
DRIVES
FORWARD
CURVE AS OF
APRIL 30
IMPLIES
$30-$40 million
of annual SRE
~$180 million (or $0.30/share)
of incremental SRE, embedded within
updated 2022 target
Note: Data as of March 31, 2022. Information presented is for illustrative purposes only. Actual results may differ materially. 1. Represents percentage of floating rate assets over net invested assets. 2. Represents percentage of floating rate funding agreements divided by net invested assets.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
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