Company: APO
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-096971
Chunk: 62

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 62
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 part of AHL’s underlying profitability drivers. SRE equals net income (loss) available to AHL’s common stockholder, eliminating the impact of investment gains (losses), net of offsets; non-operating change in insurance liabilities and related derivatives; integration, restructuring, and other non-operating expenses; stock compensation expenses; and income tax (expense) benefit. For the purpose of measuring “adjusted spread related earnings” under this scorecard, SRE will be adjusted for the impact of certain material transactions undertaken including, but not limited to, any variance to AHL’s 2024 financial plan for the size or timing of capital transfers, allocated Apollo/ISG costs, and certain other items. |

| (2) | Represents consolidated operating expenses included in operating income, including the impact of ACRA’s noncontrolling interest, taking into account allocated Apollo/ISG costs, bonus accrual, and certain other items. |

| (3) | Inflows includes all organic and inorganic inflows on a gross basis, including any inflows reinsured to ACRA or others. No credit will be given, or negative credit may be assigned, if underwritten return is below specified amounts. |

| (4) | Underwritten returns on retail, funding agreements, pension group annuities, and flow reinsurance on a gross basis, using an internal capital model. No credit will be given if underwritten return is below a specified amount or statutory internal rate of return is below a specified amount at the portfolio level. |

| (5) | Change in excess equity capital, with adjustments for, including, but not limited to, any variance to AHL’s 2024 financial plan for the impact of any inorganic transactions, capital transfers, debt issuances, preferred stock issuances, floating rate hedging associated with reducing AHL’s net floating rate position, and certain other items. The measure will reflect the change in excess equity capital between year-end 2023 and 2024. |

| (6) | Represents the AHL executive committee’s qualitative assessment of the delivery on key talent and strategic initiatives related to, among other things, the development of a robust business plan, progress in new product developments and execution on a financial planning and analysis modernization initiative. |

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| (7) | The targets were designed to be reasonably achievable with strong management performance and the coordinated cross-functional focus and effort of AHL’s named executive officers. |

**AHL’s 2024 performance based on the six corporate objectives described above resulted in a total achievement