Apollo Global Management (APO) Goldman Sachs 2024 U.S. Financial Services Conference summary

2024 performance and momentum

• Achieved strong origination, robust fundraising, and investment performance, leading to a 90% stock increase and S&P 500 inclusion.

• Focused on execution of long-term targets: 20% FRE growth, 10% CAGR at Athene, and doubling earnings power to $15/share by 2029.

Strategic priorities and execution

• Emphasizes strategy, execution, and management, with a focus on scalable, high-moat opportunities in asset management.

• Retirement business aims for disruptive growth through new product creation, moving beyond traditional offerings.

Succession planning and leadership

• Formal succession planning is in place across all business units, with next-generation leaders being elevated.

• Plans to accelerate leadership transition over the next 12 months to ensure organizational resilience.