{
  "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": 21,
  "pageCount": 44,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 45,
  "notes": "The slide uses a combination of a bar chart for historical averages and a grouped bar chart for quarterly volatility comparison.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-46c0-721e-929f-69d381aac6a3/21",
  "deckHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3",
  "deckJsonHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3.json",
  "deckAnchorHref": "/decks/019de074-46c0-721e-929f-69d381aac6a3#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.5,
        "x": 0.45,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Historical Returns Have Been Less Volatile than the Equity Market",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "160d9179-8f01-4a2a-826e-207ea189b07b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.38,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "chart",
      "text": "Historical Alt Investment Performance",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9024b36-5de2-4369-828b-8264df203d56",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.38,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "Over the past 10 years, Athene's alternative investment portfolio has returned ~12% annually, on average. More recently, Athene's alternative portfolio has returned more than 13% over the trailing 3-year period. Apollo's approach to normalizing SRE utilizing an 11% annual return is conservative based on these historical results",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e470d90a-f329-4766-9731-481ecbff199c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.6,
        "y": 0.25
      },
      "kind": "table",
      "text": "Standard Deviation and Sharpe Ratio comparison table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdca379c-99d3-404f-9dfe-de8c180d7824",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.6,
        "x": 0.05,
        "y": 0.06
      },
      "kind": "title",
      "text": "Retirement Services: Historical Alternative Investment Returns",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55fab1bc-a09a-48ab-b0f2-a0c6112330f5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "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
}