Apollo Global Management Investor Day Presentation Deck
Vast Opportunity in Current Markets
$3.8T
$71B
Athene
Cumulative Retail
Annuity Sales and
Flow Reinsurance¹
Total US Retail
Annuity and
Japan Life and
Retail Annuity
Market2,3
Retail Annuities &
Flow Reinsurance
$32B
Athene
Cumulative Pension
Group Annuity
Transactions¹
$3.0T
Total US and
UK Pension
Group Annuity
Market 4,5
Pension Group
Annuities
$26B
Athene FABN
and FHLB Issuance
Outstanding6
$665B
Total FABN
and FHLB
Issuance
Outstanding
Funding
Agreements
Note: Not shown to scale for illustrative purposes.
1. Cumulative inflows since inception for PGA, since 2014 for Retail and for Flow Reinsurance. 2. US Fixed Annuities and Fixed Indexed Annuities combined $1.2 trillion represents US general account annuities reported on US statutory statements as of year-end 2020 as aggregated by SNL Financial. Split between $0.7 trillion of
cumulative industry sales over assumed duration of 6 years for Fixed Annuities and $0.5 trillion of cumulative industry sales over assumed duration of 10 years for Fixed Indexed Annuities. Source: JP Morgan Market Share Bible 2021. 3. As of March 2021. Source: Morgan Stanley. 4. 2021 year-end private-sector defined benefit
liabilities per US Federal Reserve, assuming 20% of plans are active and used for employee attraction/retention, and that 50% of the remainder back current retirees and determine the market for pension group annuities. 5. As of March 2021. Source: Pension Protection Fund. 6. As of March 31, 2022. Sources: BNP Paribas,
Bloomberg, EURONEXT / Irish Stock Exchange, Company Filings.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
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