Business Segments · Closed Block Liabilities
Insurance — Closed Block Liabilities
KKR & Co. Insurance — Closed Block Liabilities increased by 0.4% to $993.15M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $988.32M to $993.15M. Over 4 years (FY 2021 to FY 2025), Insurance — Closed Block Liabilities shows a downward trend with a -7.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025
How to read this metric
An increase suggests higher long-term payout obligations, while a decrease indicates the natural runoff of the legacy portfolio.
Detailed definition
Represents the total financial obligations associated with a closed block of insurance policies that are no longer being...
Peer comparison
Commonly reported by life and annuity insurers as 'Closed Block' or 'Legacy' liabilities.
Metric ID:
kkr_segment_insurance_closed_block_liabilitiesHistorical 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 | $1.34B | $1.37B | $1.35B | $1.27B | $1.14B | $1.10B | $1.02B | $1.05B | $1.03B | $1.00B | $968.55M | $1.01B | $970.84M | $1.00B | $988.32M | $1.00B | $983.92M | $988.78M | $993.15M |
| QoQ Change | — | +2.5% | -1.8% | -5.9% | -10.6% | -3.5% | -7.3% | +3.0% | -1.9% | -2.3% | -3.4% | +3.8% | -3.5% | +3.1% | -1.2% | +1.3% | -1.7% | +0.5% | +0.4% |
| YoY Change | — | — | — | — | -15.3% | -20.3% | -24.7% | -17.6% | -9.6% | -8.6% | -4.7% | -3.9% | -5.4% | -0.2% | +2.0% | -0.4% | +1.3% | -1.2% | +0.5% |
Range$968.55M – $1.37B
CAGR-6.5%
Avg YoY Growth-7.2%
Median YoY Growth-4.7%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is KKR & Co.'s insurance — closed block liabilities?
- KKR & Co. (KKR) reported insurance — closed block liabilities of $993.15M in Q4 2025.
- How has KKR & Co.'s insurance — closed block liabilities changed year-over-year?
- KKR & Co.'s insurance — closed block liabilities increased by 0.5% year-over-year, from $988.32M to $993.15M.
- What is the long-term trend for KKR & Co.'s insurance — closed block liabilities?
- Over 4 years (2021 to 2025), KKR & Co.'s insurance — closed block liabilities has grown at a -7.6% compound annual growth rate (CAGR), from $5.43B to $3.97B.
- What does insurance — closed block liabilities mean?
- The total estimated future payout obligations for legacy insurance policies that are no longer sold to new customers.