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  "documentTitle": "Apollo Global Management | Investor Day Presentation Deck | 157 slides",
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  "authorName": "Apollo",
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  "presentationDate": "2022-06-01 00:00:00",
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  "notes": "LDTI stands for Long Duration Targeted Improvements.",
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      "text": "WHAT DOES THIS APPLY TO? ~20% of Athene's liabilities",
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      "text": "WHY? Athene has historically used low discount rates when putting on new business and valuing liabilities. Purchase Accounting (PGAAP) exercise in conjunction with Apollo merger resulted in reevaluation / mark to market of entire balance sheet",
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      "text": "WHAT'S HAPPENING? Transition to a new standard of accounting for certain types of liabilities that will harmonize varied underlying assumption practices across the industry",
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      "text": "IS THERE A NEGATIVE IMPACT? No expected material impact on retained earnings or GAAP/SRE earnings upon adoption. Go forward impact would be reflected in GAAP net income and could skew positively",
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      "text": "Note: LDTI stands for long duration targeted improvements. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022",
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      "text": "FAQ: Will Athene be Impacted by LDTI Accounting Change Coming in 2023?",
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