Business Segments · Liability for Future Policy Benefits

Insurance — Liability for Future Policy Benefits

KKR & Co. Insurance — Liability for Future Policy Benefits increased by 5.0% to $30.65B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $26.80B to $30.65B. Over 2 years (FY 2023 to FY 2025), Insurance — Liability for Future Policy Benefits shows an upward trend with a 34.5% CAGR.

Analysis

StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2025

How to read this metric

An increase reflects growth in the insurance book of business, but requires careful monitoring of actuarial adequacy and reserve sufficiency.

Detailed definition

The estimated present value of future benefits that the insurance segment expects to pay to policyholders, calculated ba...

Peer comparison

Standard actuarial liability reported by life and annuity insurance providers.

Metric ID: kkr_segment_insurance_liability_for_future_policy_benefits

Historical Data

13 periods
 Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$14.45B$15.13B$15.50B$14.86B$17.82B$25.41B$26.19B$28.11B$26.80B$27.03B$27.63B$29.19B$30.65B
QoQ Change+4.8%+2.4%-4.2%+20.0%+42.6%+3.1%+7.3%-4.7%+0.9%+2.2%+5.7%+5.0%
YoY Change+23.4%+67.9%+68.9%+89.2%+50.3%+6.4%+5.5%+3.9%+14.4%
Range$14.45B$30.65B
CAGR+28.5%
Avg YoY Growth+36.7%
Median YoY Growth+23.4%
Current Streak4 quarters growth

Frequently Asked Questions

What is KKR & Co.'s insurance — liability for future policy benefits?
KKR & Co. (KKR) reported insurance — liability for future policy benefits of $30.65B in Q4 2025.
How has KKR & Co.'s insurance — liability for future policy benefits changed year-over-year?
KKR & Co.'s insurance — liability for future policy benefits increased by 14.4% year-over-year, from $26.80B to $30.65B.
What is the long-term trend for KKR & Co.'s insurance — liability for future policy benefits?
Over 2 years (2023 to 2025), KKR & Co.'s insurance — liability for future policy benefits has grown at a 34.5% compound annual growth rate (CAGR), from $63.31B to $114.49B.
What does insurance — liability for future policy benefits mean?
The estimated amount the company needs to set aside to pay future insurance claims.