What is KKR & Co.'s insurance — closed block policy liabilities?

KKR & Co. (KKR) reported insurance — closed block policy liabilities of $980.12M in Q1 2026.

What does insurance — closed block policy liabilities mean?

Refers to the liabilities associated with insurance policies that are no longer being actively marketed or sold to new customers. These blocks are managed for runoff, focusing on maintaining sufficient capital to meet legacy obligations until the policies expire. Monitoring this helps isolate the performance and risk of legacy business from the active growth segments.

KKR & Co. KKR Insurance — Closed Block Policy Liabilities

Similar metrics at other companies

UNMClosed Block — Issuances

$22.9M-14.9%

UNMClosed Block — Total liability for future policy benefits

$24.52B+1.9%

JXNClosed Block Life — Liability for Future Policy Benefit, after Reinsurance

$1.51B-5.1%

UNMClosed Block — Net liability for future policy benefits

$23.1B+2.3%

APORetirement Services — Closed block liabilities

$1.06B-4.2%

JXNClosed Block Life — Reserves for future policy benefits

$3.46B-2.7%

Other financials

Income statement

See full

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

See full

Operating cash flow$1.7B-31.5%

Valuation

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Market cap$89.21B-34.2%

P/E30.1×-36.0×

P/S4.3×-4.0×

Profitability

See full

Net margin14.3%-0.1pp

FCF margin-139.2%—

Returns & leverage

See full

Return on equity10.2%+1.2pp

Debt / equity0×-2.1×

Where this comes from

Reported directly by KKR & Co. in its filing.

Tagged under the XBRL concept kkr:ClosedBlockLiabilitiesFairValueDisclosure.

The official record: KKR & Co.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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What is KKR & Co.'s insurance — closed block policy liabilities?: KKR & Co. (KKR) reported insurance — closed block policy liabilities of $980.12M in Q1 2026.
What does insurance — closed block policy liabilities mean?: Refers to the liabilities associated with insurance policies that are no longer being actively marketed or sold to new customers. These blocks are managed for runoff, focusing on maintaining sufficient capital to meet legacy obligations until the policies expire. Monitoring this helps isolate the performance and risk of legacy business from the active growth segments.