Business Segments · Deferred Acquisition Costs, or "DAC"
Insurance — Deferred Acquisition Costs, or "DAC"
KKR & Co. Insurance — Deferred Acquisition Costs, or "DAC" increased by 6.4% to $2.37B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 36.7%, from $1.73B to $2.37B. Over 2 years (FY 2023 to FY 2025), Insurance — Deferred Acquisition Costs, or "DAC" shows an upward trend with a 44.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ4 2020
Last reportedQ4 2025
Rolls up toDeferred policy acquisition costs
How to read this metric
An increasing balance typically indicates strong new business growth, while a rapid decline may suggest lower sales or accelerated amortization.
Detailed definition
Costs incurred to acquire new insurance business, such as commissions and underwriting expenses, which are capitalized a...
Peer comparison
Standard accounting practice for life and annuity insurance companies.
Metric ID:
kkr_segment_insurance_deferred_acquisition_costs_or_dacHistorical Data
15 periods
| Q2 '21 | Q3 '21 | 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 | $1.19B | $1.28B | $820.97M | $930.47M | $973.47M | $1.05B | $1.15B | $1.26B | $1.38B | $1.58B | $1.73B | $1.89B | $2.06B | $2.22B | $2.37B |
| QoQ Change | — | +7.1% | -35.8% | +13.3% | +4.6% | +8.2% | +9.6% | +9.2% | +9.2% | +14.7% | +9.7% | +9.0% | +9.1% | +8.1% | +6.4% |
| YoY Change | — | — | — | — | — | — | +40.7% | +35.5% | +41.4% | +49.8% | +49.9% | +49.7% | +49.6% | +41.0% | +36.7% |
Range$820.97M – $2.37B
CAGR+21.6%
Avg YoY Growth+43.8%
Median YoY Growth+41.4%
Current Streak12 quarters growth
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Frequently Asked Questions
- What is KKR & Co.'s insurance — deferred acquisition costs, or "dac"?
- KKR & Co. (KKR) reported insurance — deferred acquisition costs, or "dac" of $2.37B in Q4 2025.
- How has KKR & Co.'s insurance — deferred acquisition costs, or "dac" changed year-over-year?
- KKR & Co.'s insurance — deferred acquisition costs, or "dac" increased by 36.7% year-over-year, from $1.73B to $2.37B.
- What is the long-term trend for KKR & Co.'s insurance — deferred acquisition costs, or "dac"?
- Over 2 years (2023 to 2025), KKR & Co.'s insurance — deferred acquisition costs, or "dac" has grown at a 44.1% compound annual growth rate (CAGR), from $4.11B to $8.54B.
- What does insurance — deferred acquisition costs, or "dac" mean?
- Capitalized costs of acquiring new insurance policies that are spread out over time.