Business Segments · Embedded derivative
Insurance — Embedded derivative
KKR & Co. Insurance — Embedded derivative increased by 3.7% to $5.60B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 75.0%, from $3.20B to $5.60B.
Analysis
StatementSegment
CategoryMarket Position
SignalContext dependent
VolatilityVolatile
First reportedQ1 2021
Last reportedQ4 2025
Rolls up toDerivative Liabilities - Fair Value
How to read this metric
Fluctuations indicate the sensitivity of the insurance product portfolio to underlying market indices or interest rate environments.
Detailed definition
The aggregate fair value of all embedded derivatives within the insurance segment's contract portfolio. This captures th...
Peer comparison
Standard valuation metric for insurance companies with complex product suites.
Metric ID:
kkr_segment_insurance_embedded_derivativeHistorical Data
6 periods
| Q2 '21 | Q3 '21 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $2.02B | $2.14B | $3.20B | $4.30B | $5.40B | $5.60B |
| QoQ Change | — | +6.2% | +49.3% | +34.4% | +25.6% | +3.7% |
| YoY Change | — | — | — | — | — | +75.0% |
Range$2.02B – $5.60B
CAGR+126.4%
Avg YoY Growth+75.0%
Median YoY Growth+75.0%
Current Streak5+ quarters growth
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Frequently Asked Questions
- What is KKR & Co.'s insurance — embedded derivative?
- KKR & Co. (KKR) reported insurance — embedded derivative of $5.60B in Q4 2025.
- How has KKR & Co.'s insurance — embedded derivative changed year-over-year?
- KKR & Co.'s insurance — embedded derivative increased by 75.0% year-over-year, from $3.20B to $5.60B.
- What does insurance — embedded derivative mean?
- The total fair value of all derivative-like features embedded in insurance contracts.