Apollo Global Management Investor Day Presentation Deck

Liability Risk Profile is Limited Due to Focus on Simple, Spread-Based Products ZZ Retail Annuities Flow Reinsurance Funding Agreements Pension Group Annuities 1. Estimated weighted average life pricing for each line of business. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 KEY LIABILITY RISKS LAPSE ++ N/A N/A LONGEVITY + N/A N/A + POLICYHOLDER/ CLIENT Retail Customers (via third-party agents) Other Insurers Capital Markets / Fixed Income Managers Corporations DURATION¹ (YEARS) 5-15 3-7 6-8 3-10 3-7 10-15 61

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