Products & Services · Deferred Acquisition Costs, or "DAC"

Fixed indexed annuities — Deferred Acquisition Costs, or "DAC"

KKR & Co. Fixed indexed annuities — Deferred Acquisition Costs, or "DAC" increased by 7.4% to $1.05B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 33.7%, from $787.59M to $1.05B. Over 3 years (FY 2022 to FY 2025), Fixed indexed annuities — Deferred Acquisition Costs, or "DAC" shows an upward trend with a 46.5% CAGR.

Analysis

StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ4 2025

How to read this metric

An increase suggests higher investment in business growth, while a decrease may indicate reduced sales activity or a shift in acquisition strategy.

Detailed definition

This represents the capitalized costs directly associated with acquiring new insurance contracts that are expected to be...

Peer comparison

Standard across life and annuity insurers; often compared as a percentage of new premiums.

Metric ID: kkr_segment_fixed_indexed_annuities_deferred_acquisition_costs_or_dac

Historical Data

17 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$179.45M$225.58M$275.37M$332.99M$367.81M$407.35M$429.23M$454.10M$481.97M$520.63M$598.89M$706.90M$787.59M$834.05M$910.28M$980.70M$1.05B
QoQ Change+25.7%+22.1%+20.9%+10.5%+10.7%+5.4%+5.8%+6.1%+8.0%+15.0%+18.0%+11.4%+5.9%+9.1%+7.7%+7.4%
YoY Change+105.0%+80.6%+55.9%+36.4%+31.0%+27.8%+39.5%+55.7%+63.4%+60.2%+52.0%+38.7%+33.7%
Range$179.45M$1.05B
CAGR+55.7%
Avg YoY Growth+52.3%
Median YoY Growth+52.0%
Current Streak16+ quarters growth

Frequently Asked Questions

What is KKR & Co.'s fixed indexed annuities — deferred acquisition costs, or "dac"?
KKR & Co. (KKR) reported fixed indexed annuities — deferred acquisition costs, or "dac" of $1.05B in Q4 2025.
How has KKR & Co.'s fixed indexed annuities — deferred acquisition costs, or "dac" changed year-over-year?
KKR & Co.'s fixed indexed annuities — deferred acquisition costs, or "dac" increased by 33.7% year-over-year, from $787.59M to $1.05B.
What is the long-term trend for KKR & Co.'s fixed indexed annuities — deferred acquisition costs, or "dac"?
Over 3 years (2022 to 2025), KKR & Co.'s fixed indexed annuities — deferred acquisition costs, or "dac" has grown at a 46.5% compound annual growth rate (CAGR), from $1.20B to $3.78B.
What does fixed indexed annuities — deferred acquisition costs, or "dac" mean?
The capitalized upfront costs of acquiring new insurance policies.