Apollo Global Management Investor Day Presentation Deck
Overview of Athene's CML Portfolio
$23 BILLION OF NET INVESTED ASSETS, 13% OF ASSET PORTFOLIO
87%
First
Mortgage
Portfolio
composition
influenced by
COVID-19
KEY PORTFOLIO STATS
1.8x
Debt Service
Coverage
Ratio
Low-leverage
senior lending
with defensive
property types
57%
Weighted
Avg LTV¹
77%
CM-1&2
21%
CM-3
CM-1&2 capital charges
similar to NAIC 1&2 IG
Corporate bond; CM-3
lower capital charge than
NAIC 3 Corporate bond
$ IN BILLIONS
$0.3
$3.2
2
PORTFOLIO BY CLOSING YEAR ²
Pre 2010 2010-2016
Note: All data is as of March 31, 2022 under otherwise indicated. Portfolio sizing based on net invested assets. 1. Based on value at origination or most recently available. 2. Based on current funded amounts.
APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022
$1.9
2017
$3.2
2018
FIXED
$4.5
2019
FLOATING
$2.7
2020
$6.5
2021
$2.2
Q1 2022
102View entire presentation