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.
An increase suggests higher investment in business growth, while a decrease may indicate reduced sales activity or a shift in acquisition strategy.
This represents the capitalized costs directly associated with acquiring new insurance contracts that are expected to be...
Standard across life and annuity insurers; often compared as a percentage of new premiums.
kkr_segment_fixed_indexed_annuities_deferred_acquisition_costs_or_dac| 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 | $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% |