Non-Current Liabilities
Separate account liabilities
KKR & Co. Separate account liabilities decreased by 6.7% to $3.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.1%, from $3.74B to $3.59B. Over 4 years (FY 2021 to FY 2025), Separate account liabilities shows a downward trend with a -8.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2026May 8, 2026
How to read this metric
Growth indicates an increase in assets under management within variable insurance products where the firm acts as a manager.
Detailed definition
These are liabilities associated with separate accounts where the investment risk is borne by the policyholder rather th...
Peer comparison
Standard for all insurers with variable products; peers report this as separate account liabilities.
Metric ID:
ins_separate_account_liabilitiesHistorical Data
18 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.59B | $5.07B | $4.36B | $4.05B | $4.13B | $4.16B | $4.18B | $3.9B | $4.11B | $4.22B | $4.12B | $4.13B | $3.98B | $3.74B | $3.84B | $3.91B | $3.84B | $3.59B |
| QoQ Change | — | -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% | -6.7% |
| YoY Change | — | — | — | — | -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% | -4.1% |
Range$3.59B – $5.59B
CAGR-9.9%
Avg YoY Growth-5.8%
Median YoY Growth-3.9%
Current Streak2 quarters decline
Product Breakdown
| Segment | Q4 '25 |
|---|---|
| Variable Annuities | $3.21B |
| Interest Sensitive Life | $626.91M |
| Total | $3.84B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Insurance | $4.12B | $4.13B | $3.98B | $3.74B | $3.84B | $3.91B | $3.84B | $3.59B |
| Total | $4.12B | $4.13B | $3.98B | $3.74B | $3.84B | $3.91B | $3.84B | $3.59B |
Separate account liabilities at Other Companies
Frequently Asked Questions
- What is KKR & Co.'s separate account liabilities?
- KKR & Co. (KKR) reported separate account liabilities of $3.59B in Q1 2026.
- How has KKR & Co.'s separate account liabilities changed year-over-year?
- KKR & Co.'s separate account liabilities decreased by 4.1% year-over-year, from $3.74B to $3.59B.
- What is the long-term trend for KKR & Co.'s separate account liabilities?
- Over 4 years (2021 to 2025), KKR & Co.'s separate account liabilities has grown at a -8.9% compound annual growth rate (CAGR), from $5.59B to $3.84B.
- What does separate account liabilities mean?
- Liabilities for insurance products where the policyholder takes the investment risk.