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KKR & Co. KKR Fixed Indexed Annuities — Policyholder Account Balance

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APOTraditional Deferred Annuities — Total
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BHFIndex-linked Annuities — Policyholder Account Balance
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Other financials

Income statement

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Revenue$4.3B+38.8%
Net income$405.2M+318%

Balance sheet

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Cash & equivalents$19.5B+5.9%
Total debt$347.9M-99.1%
Total equity$30.5B+11.0%
Total assets$412.08B+10.7%

Cash flow

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Operating cash flow$1.7B-31.5%

Valuation

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Market cap$90.67B-30.6%
P/E30.6×-33.1×
P/S4.4×-3.7×

Profitability

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Net margin14.3%-0.1pp
FCF margin-139.2%

Returns & leverage

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Return on equity10.2%+1.2pp
Debt / equity-2.1×

Where this comes from

Reported directly by KKR & Co. in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderFunds.

The source filing: KKR & Co.’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001404912-26-000017
Line itemFixed Rate AnnuitiesFixed Indexed AnnuitiesInterest Sensitive LifeFunding AgreementsOther(1)Total
Benefit Payments, Surrenders, and Withdrawals(2,363,332)(1,337,770)(381,203)(2,763,795)(326,550)(7,172,650)
Interest(2)747,303277,265176,307118,495106,8911,426,261
Other Activity(3)(70,880)3,593(221,687)(44,160)19,106(314,028)
Balance as of End of Period$68,419,485$37,097,077$21,308,980$12,284,572$11,872,908$150,983,022
Less: Reinsurance Recoverable(13,233,459)(3,126,963)(7,252,477)(1,501,414)(4,936,706)(30,051,019)
Balance as of End of Period, Net of Reinsurance Recoverable$55,186,026$33,970,114$14,056,503$10,783,158$6,936,202$120,932,003
Average Interest Rate4.48%2.99%3.30%4.35%4.19%3.90%
Net Amount at Risk, Gross of Reinsurance(4)$—$—$103,339$—$1,148$104,487

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is KKR & Co.'s fixed indexed annuities — policyholder account balance?
KKR & Co. (KKR) reported fixed indexed annuities — policyholder account balance of $37.1B in Q1 2026.
How has KKR & Co.'s fixed indexed annuities — policyholder account balance changed year-over-year?
KKR & Co.'s fixed indexed annuities — policyholder account balance increased by 8.0% year-over-year, from $34.36B to $37.1B.
What is the long-term trend for KKR & Co.'s fixed indexed annuities — policyholder account balance?
Over 3 years (2022 to 2025), KKR & Co.'s fixed indexed annuities — policyholder account balance has grown at a 8.6% compound annual growth rate (CAGR), from $111.84B to $143.27B.
What does fixed indexed annuities — policyholder account balance mean?
This represents the total liability owed to policyholders for their account values within the fixed indexed annuity segment. It is the primary measure of the scale of the insurance business and the firm's obligation to its customers.

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