{
  "docId": "019de074-46c0-721e-929f-69d381aac6a3",
  "docSlug": "2a014fcd66947907010031a73a60428f",
  "documentTitle": "Apollo Global Management | Results Presentation Deck | 44 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo Global Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 19,
  "pageCount": 44,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 16,
  "notes": "Includes two waterfall-bridge charts showing the movement of net spreads from 3Q'22 to 4Q'22.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-46c0-721e-929f-69d381aac6a3/19",
  "deckHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3",
  "deckJsonHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3.json",
  "deckAnchorHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3#slide-19",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.17
      },
      "kind": "chart",
      "text": "Retirement Services Net Spread Bridge (QoQ)",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c42fdd8f-0300-4d57-bf1c-676b7f7a4c6d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.53
      },
      "kind": "chart",
      "text": "Normalized Retirement Services Net Spread Bridge (QoQ)",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d143aced-e5ba-460d-a48c-daed5d9f94ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "1. As of December 31, 2022, 96% of $112 billion... 4. Represents U.S. statutory impairments per SNL Financial as of December 31, 2021 (2017 - 2021). Industry average includes AEL, AIG, AMP, BHF, EQH, FG, LNC, MET, PFG, VOYA and Transamerica.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac7560b4-0fb4-4b70-a1c6-46ccff842bdf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.45,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "list",
      "text": "96% of Athene's fixed income portfolio is invested in investment grade assets; 20% in floating rate assets; 30-40 bps outperformance target; focus on illiquidity/structuring premium; focus on senior secured loans; 7 bps credit losses vs 12 bps industry.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "48af583a-5ebc-4465-bb7b-36ad69592324",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "title",
      "text": "Retirement Services: Portfolio & Spread Highlights",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e953441f-6952-4692-9445-8517a3b62beb",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall / value bridge",
      "slug": "waterfall-bridge",
      "agent": null,
      "layer": "slide",
      "matchId": "653a255b-2235-4b7b-ad07-c82dbf96d9b7",
      "evidence": "chart/waterfall-bridge: Normalized Retirement Services Net Spread Bridge (QoQ)",
      "confidence": 0.9
    },
    {
      "name": "Waterfall / value bridge",
      "slug": "waterfall-bridge",
      "agent": null,
      "layer": "slide",
      "matchId": "9ce2b45e-ca0b-4502-8790-fec84465c427",
      "evidence": "chart/waterfall-bridge: Retirement Services Net Spread Bridge (QoQ)",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-bridge",
      "slug": null,
      "matchId": "903af843-fe0d-4e8f-9b3c-479475a4e57b",
      "evidence": "Used to explain the change in net spread between two periods.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 25,
      "from": 11,
      "beatId": "9ff339fd-996d-4ab5-a667-e4d38c46952f",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Segment Details",
      "beatSlug": null,
      "evidence": "The deck dives into details of each business segment, including asset management, retirement services, and principal investing.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 25,
      "from": 12,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "ddd928a2-66a4-4e70-9bb6-bd7bd04f1a38",
      "evidence": "The deck explains the business performance and strategy using the golden circle framework.",
      "position": 1,
      "objective": "to explain the why behind the business performance",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}