Apollo Global Management Investor Day Presentation Deck

Right Capabilities, Right Team, at the Right Time Experience People Alignment Capital Raising Origination of Appropriate Assets APOLLO INVESTOR DAY 2021 ● ● OUR APPROACH 450+ FIG and Insurance professionals supported by integrated platform • Full alignment upon merger close 12+ years with Athene & 6 years with Athora ● ● • Leader in raising vanilla liabilities with minimal uncertainty and tail risk. Significant investment in front-end Imitation # Replication COMPETITORS' APPROACH X No historical relationship X Often covered by single, siloed team X Partial alignment X Chasing growth by acquiring complex liabilities & platforms at a premium X Fewer capabilities in relevant risk / return assets 149

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