KKR & Co. Fixed rate annuities — Value of Business Acquired decreased by 2.2% to $37.76M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 8.4%, from $41.24M to $37.76M. Over 3 years (FY 2022 to FY 2025), Fixed rate annuities — Value of Business Acquired shows a downward trend with a -8.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
A higher value indicates a more profitable acquired book, while a declining balance reflects the realization of those profits over time.
This represents the intangible asset recognized when an insurance business is acquired, reflecting the present value of...
Commonly referred to as VOBA in insurance M&A and financial reporting.
kkr_segment_fixed_rate_annuities_value_of_business_acquired| 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 | $52.72M | $51.72M | $50.73M | $49.74M | $48.76M | $47.79M | $46.83M | $45.87M | $44.92M | $43.98M | $43.05M | $42.14M | $41.24M | $40.34M | $39.46M | $38.61M | $37.76M |
| QoQ Change | — | -1.9% | -1.9% | -1.9% | -2.0% | -2.0% | -2.0% | -2.0% | -2.1% | -2.1% | -2.1% | -2.1% | -2.1% | -2.2% | -2.2% | -2.2% | -2.2% |
| YoY Change | — | — | — | — | -7.5% | -7.6% | -7.7% | -7.8% | -7.9% | -8.0% | -8.1% | -8.1% | -8.2% | -8.3% | -8.4% | -8.4% | -8.4% |