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KKR & Co.·Balance Sheet Statement·97 metrics

Breakdown

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total Investments$265.5B$276.7B$276.6B$285.9B$293.4B$305.1B$320B$316.3B
Policyholder Account Balance, After Reinsurance$106.5B$109.6B$112.1B$114.8B$116.2B$122.1B$125.3B$120.9B
Aggregate Notional Principal Outstanding$97.2B$102.6B$107.3B$102.3B$103.2B$103.5B$108.3B$119.4B
Notional$97.2B$102.6B$107.3B$102.3B$103.2B$103.5B$108.3B$119.4B
Reinsurer collateral, minimum amount held by trusts$97.4B$98.9B$100.2B$100.4B$101B$103.2B$107.3B$107.4B
Reinsurer collateral, reserves supported by trust assets$93.4B$97.3B$96.9B$97.1B$97.7B$100.3B$104.1B$103.6B
Cost or Amortized Cost$83.8B$84.8B$85.6B$86.2B$89.3B$94.5B$96.7B$94.1B
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss$83.6B$84.6B$85.3B$86B$89B$94.3B$96.4B$93.8B
Impact Of Consolidation And Other On Assets$75B$76.4B$78.3B$80.9B$83.8B$88.4B$93.8B$93.1B
Account values with adjustable credit rates subject to guaranteed minimum$83.1B$85.3B$86.5B$87.6B$88.2B$89.8B$90B$89.4B
Estimated Fair Value$73.8B$77.6B$76.3B$78.6B$82.1B$88.4B$90.6B$87.1B
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost$54.6B$55.3B$56.1B$56B$58.2B$62B$62.1B$60.5B
Reinsurance Recoverable and Funds Withheld Receivable at Interest$48.1B$48.9B$47.8B$47.8B$48.1B$48.9B$50.3B$52.7B
Collateral held on behalf of reinsurers$46.7B$46.9B$46.6B$46.5B$46.6B$47.4B$49B$51.8B
Credit Enhancements$43.9B$45.4B$44B$44.3B$44.1B$45.4B$46.8B$49.4B
Total Assets$30.4B$30.7B$34B$35.3B$38.5B$42.6B$46.5B$48.7B
Noncontrolling interests in subsidiaries$35.6B$36.4B$36.7B$39.6B$40.8B$43.3B$48B$47.5B
Debt Securities, Available-for-Sale, Unrealized Loss Position$57.5B$44.5B$53.6B$42.7B$39.2B$34.3B$36.1B$46.8B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10$32.1B$32.5B$32.8B$32.7B$32.4B$33.6B$34B$34.4B
Total Liabilities$26.5B$27.5B$28.4B$28.1B$29.3B$31.3B$31.5B$31.2B
Policyholder Account Balance, Reinsurance Recoverable$25.9B$26B$25.8B$25.6B$25.7B$26.2B$26.2B$30.1B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10$24.8B$26.8B$25.4B$26B$26B$27.9B$28.2B$28.2B
Less than 12 months$14.5B$6.2B$19.8B$16.6B$15.1B$10.6B$13.8B$26.2B
12 months or more$43B$38.2B$33.7B$26.1B$24.1B$23.7B$22.3B$20.6B
Accrued Expenses and Other Liabilities$12.7B$14.2B$13.6B$15.6B$17.2B$18.3B$17.7B$19.2B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$7.3B$8.1B$9.4B$10.8B$12.6B$15.3B$15.3B$13.8B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$6.8B$7.9B$9.1B$10.7B$12.6B$15.5B$15.4B$13.7B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five$13.9B$13.2B$12.6B$11.4B$11.9B$12.1B$12B$11.7B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$13.4B$13.1B$12.4B$11.3B$11.8B$12B$11.9B$11.5B
Unfunded commitments$11B$10.8B$10.5B$10.4B$10.5B$9.1B
Additional Liability, Long-Duration Insurance, before Reinsurance, after Discount Rate Change$7.4B$7.5B$7.6B$7.7B$7.8B$7.9B$8B$8.1B
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$9.9B$7.7B$9.3B$7.7B$7.5B$6.8B$6.8B$7.2B
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$9.9B$7.7B$9.3B$7.7B$7.5B$6.8B$6.8B$7.2B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$9.6B$7.5B$8.7B$7.3B$7B$6.5B$6.4B$6.5B
Balance, End of Period, Net of Reinsurance Recoverable and Impact of Unrealized Investment Gains and Losses$5.8B$5.9B$5.9B$6B$6B$6.1B$6.2B$6.2B
Carry Pool Reclassifications$4B$4.7B$4.2B$5B$5.5B$5.8B$5.9B$6.2B
Reinsurance Recoverable, Net Of Reinsurance Liabilities$4.5B$4.5B$4.4B$4.4B$4.4B$4.3B$4.2B$4.1B
Separate Account, Liability, Cash Surrender Value, Amount$4.1B$4.1B$4B$3.7B$3.8B$3.9B$3.8B$3.6B
Common stock, shares authorized (in shares)3.5B3.5B3.5B3.5B3.5B3.5B3.5B3.5B
Cost-of-reinsurance liabilities$3B$3.1B$3.1B$3.2B$3.2B$3.2B$3.1B$3.1B
Redeemable noncontrolling interests in subsidiaries$1.3B$1.3B$1.6B$1.9B$2B$2.4B$2.7B$2.8B
Funds withheld receivable at interest$2.6B$2.6B$2.5B$2.5B$2.5B$2.4B$2.3B$2.3B
Less: Reinsurance Recoverable, End of Period$1.5B$1.5B$1.6B$1.6B$1.7B$1.7B$1.8B$1.8B
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk$1B$1.1B$999.9M$1.2B$1.2B$1.3B$1.3B$1.4B
Debt Securities, Available-for-Sale, With An Allowance For Credit Loss, Continuous Unrealized Loss Position, 12 Months or Longer$2.2B$1.9B$1.8B$1.6B$1.4B$1.3B
Fair Value Included Within Total Assets and Liabilities$530.5M$771.2M$520.5M$669.3M$2B$1.6B$1.5B$1.1B
Collateral held on our behalf by reinsurers$1.2B$1.2B$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Liability for future policy benefits, fair value option$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B$1.1B$1.1B
Common stock, shares issued (in shares)887.4M887.4M888.2M888.3M890.9M891M891.5M889.4M
Common Stock, Shares, Outstanding887.4M887.4M888.2M888.3M890.9M891M891.5M889.4M
Equity method investments (Note 11)$834.4M$878.8M$852.6M$873.6M$850.1M
Fair Value Included Within Total Assets and Liabilities$315.1M$269.2M$581.3M$368.8M$256.3M$446.4M$495.8M$756.9M
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$374.5M$196.2M$647.3M$445.1M$517.1M$330.6M$356.6M$748.4M
Repurchase agreements, notional value$565M$202.7M$261.4M$306.1M$364.8M$384.7M$663.8M$715.1M
Present value of future insurance profits, liability$814.3M$789.2M$766.3M$743M$721.9M$702M$678.4M$660M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$1.3B$1.5B$1.3B$1.1B$1.3B$1B$803.4M$603.4M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$1.3B$1.5B$1.3B$1.1B$1.2B$1B$793.2M$596.3M
Gross Unrealized Gains$185.4M$716.9M$256M$386.2M$597.2M$951.2M$929.8M$558.8M
Additional amount in share repurchase program$500M$500M$500M
Available-for-sale securities, allowance for credit loss$215.2M$248.5M$275.3M$265.3M$269.7M$254.6M$288.7M$317.6M
Deferred Sale Inducement Cost$149.9M$151.6M
Fair value hedge adjustments on discontinued hedges$19.6M$16.9M$193.3M$183.1M$172.7M$163.6M$154.6M$145.8M
AFS fixed maturity securities in an unrealized loss position for 12 months or more, gross unrealized losses$268.4M$182M$171.7M$146.9M$125.5M-$123.4M
Cash surrender value$96.1B$99.6B$102.8B$104.8B$106.6B$108.8B$110B$109M
Net amount at risk$116.4B$114.9B$113B$111.3B$109.8B$107.9B$106.1B$104.5M
Remaining available amount, share repurchase program$50M$50M
Restricted cash held with open derivative transactions with exchange brokers$175.2M$174.7M$135.7M$93.7M$48.5M$45.2M$49.9M$42.9M
Valuation allowance for uncollectible reinsurance$24.2M$23.2M$16.4M$22.1M$20.8M$23.8M$25.6M$29.6M
Asset$182K$377K$2.3M$148K$1.1M$2.4M$997K$988K
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions4808.004142.005966.005055.004605.004122.004294.005386.00
Securities in unrealized loss position, with an allowance for credit loss3833.003127.003016.002931.002810.002700.00
Number of counterparties6.006.006.006.006.006.006.006.00
Percentage of Total100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Weighted average crediting rate3.3%3.5%3.6%3.6%3.7%3.8%3.8%3.9%
Weighted-Average Interest, Current Discount Rate3.3%3.3%3.3%3.3%3.3%3.3%3.3%3.3%
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Effect of Changes in Experience-$64.8M-$20.1M
Additional Liability, Long-Duration Insurance, Original Discount Rate, before Reinsurance, after Cash Flow Change$7.6B$8B
Concentration risk, revenues, number of reinsurance counterparties exceeding threshold100.0%
Assumed from Other Companies$43.9B$42B
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, Ceded$57.4B$47B
Gross Amount$75.6B$72.6B
Net Amount$62.1B$67.6B
Percentage of Amount Assumed to Net71.0%62.0%
Purchase Obligation$167.4M$122.5M
Purchase Obligation, Due in Fifth Year$11.2M$9.3M
2029$12.5M$10.5M
2027$31.3M$17.6M
2028$21.8M$12.3M
Cumulative income tax savings realized$18.3M$22.8M
Unrecognized tax benefits$32.8M$32.6M
Accrued income tax penalties liability$2.3M$2.6M
Interest accrued$6.9M$8.5M
Purchase Commitments - Due Next Year$35.7M$27.8M
Unrecorded Unconditional Purchase Obligation - Due After Year Five$54.9M$45.1M

Metrics

Aggregate Notional Principal Outstanding

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Accrued Expenses and Other Liabilities

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Balance, End of Period, Net of Reinsurance Recoverable and Impact of Unrealized Investment Gains and Losses

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Additional Liability, Long-Duration Insurance, before Reinsurance, after Discount Rate Change

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Effect of Changes in Experience

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Weighted-Average Interest, Current Discount Rate

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Additional Liability, Long-Duration Insurance, Original Discount Rate, before Reinsurance, after Cash Flow Change

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Less: Reinsurance Recoverable, End of Period

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Amount required to be paid to transferees as percentage of cash savings in US federal, state and local income tax

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Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax

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Gross Unrealized Gains

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Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

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Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

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Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five

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Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

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Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10

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Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

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Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost

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Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One

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Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

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Carry Pool Reclassifications

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Cash surrender value

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Collateral held on our behalf by reinsurers

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Collateral held on behalf of reinsurers

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Common stock, par value (in dollars per share)

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Common stock, shares authorized (in shares)

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Common stock, shares issued (in shares)

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Common Stock, Shares, Outstanding

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Number of votes per common share (vote)

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Concentration risk, revenues, number of reinsurance counterparties exceeding threshold

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Cost or Amortized Cost

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Available-for-sale securities, allowance for credit loss

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Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss

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Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss

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Less than 12 months

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12 months or more

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Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss

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Estimated Fair Value

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Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss

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Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions

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Debt Securities, Available-for-Sale, Unrealized Loss Position

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AFS fixed maturity securities in an unrealized loss position for 12 months or more, gross unrealized losses

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Securities in unrealized loss position, with an allowance for credit loss

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Debt Securities, Available-for-Sale, With An Allowance For Credit Loss, Continuous Unrealized Loss Position, 12 Months or Longer

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Deferred Sale Inducement Cost

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Fair Value Included Within Total Assets and Liabilities

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Restricted cash held with open derivative transactions with exchange brokers

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Fair Value Included Within Total Assets and Liabilities

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Notional

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Equity method investments (Note 11)

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Total Assets

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Total Liabilities

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Credit Enhancements

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Funds withheld receivable at interest

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Number of counterparties

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Fair value hedge adjustments on discontinued hedges

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Impact Of Consolidation And Other On Assets

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Total Investments

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Cost-of-reinsurance liabilities

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Liability for future policy benefits, fair value option

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Assumed from Other Companies

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SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, Ceded

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Gross Amount

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Net Amount

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Percentage of Amount Assumed to Net

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Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk

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Noncontrolling interests in subsidiaries

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Policyholder Account Balance, After Reinsurance

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Account values with adjustable credit rates subject to guaranteed minimum

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Net amount at risk

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Percentage of Total

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Policyholder Account Balance, Reinsurance Recoverable

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Weighted average crediting rate

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Present value of future insurance profits, liability

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Purchase Obligation

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Purchase Obligation, Due in Fifth Year

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Cumulative income tax savings realized

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Redeemable noncontrolling interests in subsidiaries

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Reinsurance Recoverable and Funds Withheld Receivable at Interest

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Reinsurance Recoverable, Net Of Reinsurance Liabilities

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Valuation allowance for uncollectible reinsurance

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Reinsurer collateral, minimum amount held by trusts

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Reinsurer collateral, reserves supported by trust assets

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Repurchase agreements, notional value

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Separate Account, Liability, Cash Surrender Value, Amount

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Additional amount in share repurchase program

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Remaining available amount, share repurchase program

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Unfunded commitments

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Unrecognized tax benefits

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Accrued income tax penalties liability

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Interest accrued

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Purchase Commitments - Due Next Year

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Unrecorded Unconditional Purchase Obligation - Due After Year Five

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