Products & Services · Deferred Acquisition Costs, or "DAC"
Fixed rate annuities — Deferred Acquisition Costs, or "DAC"
KKR & Co. Fixed rate annuities — Deferred Acquisition Costs, or "DAC" decreased by 2.8% to $489.96M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $463.39M to $489.96M. Over 3 years (FY 2022 to FY 2025), Fixed rate annuities — Deferred Acquisition Costs, or "DAC" shows an upward trend with a 41.5% CAGR.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ4 2025
Rolls up toDeferred policy acquisition costs
How to read this metric
An increase suggests higher investment in new business growth, while a decrease may indicate lower sales volume or a shift in acquisition strategy.
Detailed definition
This represents the capitalized costs directly associated with the acquisition of new insurance contracts that are expec...
Peer comparison
Standard across life insurance and annuity providers under DAC accounting principles.
Metric ID:
kkr_segment_fixed_rate_annuities_deferred_acquisition_costs_or_dacHistorical Data
17 periods
| 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 | $107.10M | $130.60M | $162.54M | $185.76M | $221.68M | $268.04M | $272.13M | $310.17M | $373.86M | $425.74M | $454.54M | $473.85M | $463.39M | $491.56M | $498.65M | $504.00M | $489.96M |
| QoQ Change | — | +21.9% | +24.5% | +14.3% | +19.3% | +20.9% | +1.5% | +14.0% | +20.5% | +13.9% | +6.8% | +4.2% | -2.2% | +6.1% | +1.4% | +1.1% | -2.8% |
| YoY Change | — | — | — | — | +107.0% | +105.2% | +67.4% | +67.0% | +68.7% | +58.8% | +67.0% | +52.8% | +23.9% | +15.5% | +9.7% | +6.4% | +5.7% |
Range$107.10M – $504.00M
CAGR+46.2%
Avg YoY Growth+50.4%
Median YoY Growth+58.8%
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Frequently Asked Questions
- What is KKR & Co.'s fixed rate annuities — deferred acquisition costs, or "dac"?
- KKR & Co. (KKR) reported fixed rate annuities — deferred acquisition costs, or "dac" of $489.96M in Q4 2025.
- How has KKR & Co.'s fixed rate annuities — deferred acquisition costs, or "dac" changed year-over-year?
- KKR & Co.'s fixed rate annuities — deferred acquisition costs, or "dac" increased by 5.7% year-over-year, from $463.39M to $489.96M.
- What is the long-term trend for KKR & Co.'s fixed rate annuities — deferred acquisition costs, or "dac"?
- Over 3 years (2022 to 2025), KKR & Co.'s fixed rate annuities — deferred acquisition costs, or "dac" has grown at a 41.5% compound annual growth rate (CAGR), from $700.58M to $1.98B.
- What does fixed rate annuities — deferred acquisition costs, or "dac" mean?
- The capitalized upfront costs incurred to acquire new annuity contracts.