Insurance — Amortization of Policy Acquisition Costs
KKR & Co. Insurance — Amortization of Policy Acquisition Costs decreased by 49.9% to $43.59M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 54.5%, from $95.75M to $43.59M. Over 3 years (FY 2021 to FY 2025), Insurance — Amortization of Policy Acquisition Costs shows an upward trend with a 67.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
High amortization relative to new business may indicate a shift in the timing of policy acquisition or changes in policy duration assumptions.
Detailed definition
The systematic expensing of costs incurred to acquire new insurance policies, such as commissions and underwriting expen...
Peer comparison
Standard 'DAC Amortization' (Deferred Acquisition Costs) in insurance accounting.
kkr_segment_insurance_amortization_of_policy_acquisition_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '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 | -$20.03M | -$16.90M | -$8.54M | $7.73M | -$13.20M | -$8.22M | $44.21M | $170.00K | $17.66M | $25.24M | -$3.75M | $32.81M | $49.36M | $95.75M | $97.97M | $80.80M | $86.96M | $43.59M |
| QoQ Change | — | +15.6% | +49.5% | +190.6% | -270.7% | +37.7% | +637.7% | -99.6% | >999% | +42.9% | -114.9% | +974.4% | +50.5% | +94.0% | +2.3% | -17.5% | +7.6% | -49.9% |
| YoY Change | — | — | — | — | +34.1% | +51.3% | +471.7% | +101.3% | +314.7% | — | -108.5% | >999% | +179.6% | +279.4% | >999% | +146.3% | +76.2% | -54.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is KKR & Co.'s insurance — amortization of policy acquisition costs?
- KKR & Co. (KKR) reported insurance — amortization of policy acquisition costs of $43.59M in Q4 2025.
- How has KKR & Co.'s insurance — amortization of policy acquisition costs changed year-over-year?
- KKR & Co.'s insurance — amortization of policy acquisition costs decreased by 54.5% year-over-year, from $95.75M to $43.59M.
- What is the long-term trend for KKR & Co.'s insurance — amortization of policy acquisition costs?
- Over 3 years (2021 to 2025), KKR & Co.'s insurance — amortization of policy acquisition costs has grown at a 67.4% compound annual growth rate (CAGR), from -$65.95M to $309.32M.
- What does insurance — amortization of policy acquisition costs mean?
- The gradual expensing of costs paid to acquire new insurance business.