Discontinued — last reported Q1 '23
Non-Current Assets
Deferred policy acquisition costs
KKR & Co. Deferred policy acquisition costs increased by 6.4% to $2.37B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 36.7%, from $1.73B to $2.37B.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2023
How to read this metric
An increase suggests strong new business production, while a decrease may indicate a slowdown in new policy acquisition.
Detailed definition
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwrit...
Peer comparison
Standard across the insurance industry, though amortization periods vary by product type.
Metric ID:
ins_deferred_policy_acquisition_costsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $199.87M | $302.42M | $447.89M | $539.17M | $623.88M | $722.80M | $829.00M | $930.47M | $973.47M | $1.05B | $1.15B | $1.26B | $1.38B | $1.58B | $1.73B | $1.89B | $2.06B | $2.22B | $2.37B |
| QoQ Change | — | +51.3% | +48.1% | +20.4% | +15.7% | +15.9% | +14.7% | +12.2% | +4.6% | +8.2% | +9.6% | +9.2% | +9.2% | +14.7% | +9.7% | +9.0% | +9.1% | +8.1% | +6.4% |
| YoY Change | — | — | — | — | +212.1% | +139.0% | +85.1% | +72.6% | +56.0% | +45.7% | +39.3% | +35.5% | +41.4% | +49.8% | +49.9% | +49.7% | +49.6% | +41.0% | +36.7% |
Range$199.87M – $2.37B
CAGR+73.2%
Avg YoY Growth+66.9%
Median YoY Growth+49.7%
Current Streak18+ quarters growth
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Insurance | $1.26B | $1.38B | $1.58B | $1.73B | $1.89B | $2.06B | $2.22B | $2.37B |
| Total | $1.26B | $1.38B | $1.58B | $1.73B | $1.89B | $2.06B | $2.22B | $2.37B |
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is KKR & Co.'s deferred policy acquisition costs?
- KKR & Co. (KKR) reported deferred policy acquisition costs of $2.37B in Q4 2025.
- How has KKR & Co.'s deferred policy acquisition costs changed year-over-year?
- KKR & Co.'s deferred policy acquisition costs increased by 36.7% year-over-year, from $1.73B to $2.37B.
- What does deferred policy acquisition costs mean?
- Upfront costs of selling insurance policies that are spread out over the life of the policy rather than expensed immediately.