Business Segments · Separate Account Assets
Insurance — Separate Account Assets
KKR & Co. Insurance — Separate Account Assets decreased by 1.7% to $3.84B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.5%, from $3.98B to $3.84B. Over 4 years (FY 2021 to FY 2025), Insurance — Separate Account Assets shows a downward trend with a -8.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2020
Last reportedQ4 2025
Rolls up toSeparate account assets
How to read this metric
Growth indicates success in selling investment-linked insurance products, though the insurer does not capture the investment upside.
Detailed definition
Assets held in separate accounts where the investment risk is borne by the policyholder rather than the insurance compan...
Peer comparison
Standard for life and annuity insurers with variable product offerings.
Metric ID:
kkr_segment_insurance_separate_account_assetsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | 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 | $5.64B | $5.45B | $5.59B | $5.07B | $4.36B | $4.05B | $4.13B | $4.16B | $4.18B | $3.90B | $4.11B | $4.22B | $4.12B | $4.13B | $3.98B | $3.74B | $3.84B | $3.91B | $3.84B |
| QoQ Change | — | -3.4% | +2.6% | -9.2% | -13.9% | -7.1% | +1.9% | +0.8% | +0.4% | -6.8% | +5.3% | +2.8% | -2.4% | +0.3% | -3.7% | -6.1% | +2.8% | +1.6% | -1.7% |
| YoY Change | — | — | — | — | -22.6% | -25.6% | -26.1% | -17.8% | -4.1% | -3.8% | -0.6% | +1.4% | -1.4% | +6.0% | -3.1% | -11.5% | -6.8% | -5.5% | -3.5% |
Range$3.74B – $5.64B
CAGR-8.2%
Avg YoY Growth-8.3%
Median YoY Growth-4.1%
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Frequently Asked Questions
- What is KKR & Co.'s insurance — separate account assets?
- KKR & Co. (KKR) reported insurance — separate account assets of $3.84B in Q4 2025.
- How has KKR & Co.'s insurance — separate account assets changed year-over-year?
- KKR & Co.'s insurance — separate account assets decreased by 3.5% year-over-year, from $3.98B to $3.84B.
- What is the long-term trend for KKR & Co.'s insurance — separate account assets?
- Over 4 years (2021 to 2025), KKR & Co.'s insurance — separate account assets has grown at a -8.8% compound annual growth rate (CAGR), from $22.14B to $15.33B.
- What does insurance — separate account assets mean?
- Assets held in accounts where the policyholder bears the investment risk.