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  "presentationDate": "2022-06-01 00:00:00",
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  "notes": "The slide uses a 'preempt_rebuttal' function to address potential concerns about lapse risk in the portfolio.",
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      "text": "Information presented for illustrative purposes only. Actual lapse rates and economic impact thereof may differ materially. 1. Lapses are a single component of total decrements and represent about half of total outflows. Mortality and partial withdrawals, which are less sensitive to the interest rate environment make up the remainder. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 67",
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      "text": "Amounts to only ~$500 million and, if incurred, would be recognized over a long-term timeframe during which freed up capital from surrendered policies could be deployed profitably",
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      "text": "Table showing Baseline Annualized Lapse Rate, Draconian Shock Lapse Scenario, Lifetime Adverse Economic Impact, and Considerations for two portfolio segments.",
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      "text": "Impact of Draconian Assumptions are Extremely Manageable",
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