KKR & Co. Funding agreements — Policyholder Account Balance decreased by 1.8% to $12.25B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 71.1%, from $7.16B to $12.25B. Over 3 years (FY 2022 to FY 2025), Funding agreements — Policyholder Account Balance shows an upward trend with a 11.4% CAGR.
An increase indicates growth in the insurance segment's liabilities and capital base, while a decrease suggests maturing contracts or reduced issuance activity.
Represents the total liability owed to policyholders under funding agreement contracts. This balance reflects the cumula...
Similar to policy reserves or insurance contract liabilities reported by other life insurance and annuity providers.
kkr_segment_funding_agreements_policyholder_account_balance| 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 | $6.01B | $6.94B | $7.75B | $7.51B | $7.54B | $7.45B | $7.60B | $7.60B | $7.02B | $7.69B | $6.99B | $6.72B | $7.16B | $8.06B | $8.30B | $12.47B | $12.25B |
| QoQ Change | — | +15.3% | +11.7% | -3.1% | +0.4% | -1.1% | +2.1% | -0.1% | -7.6% | +9.6% | -9.2% | -3.7% | +6.5% | +12.6% | +3.0% | +50.3% | -1.8% |
| YoY Change | — | — | — | — | +25.3% | +7.4% | -1.9% | +1.2% | -6.9% | +3.3% | -8.1% | -11.5% | +2.0% | +4.8% | +18.8% | +85.5% | +71.1% |