Business Segments · Embedded derivative
Insurance — Embedded derivative
KKR & Co. Insurance — Embedded derivative decreased by 12.5% to $4.9B in Q1 2026 compared to the prior quarter.
Analysis
StatementSegment
CategoryMarket Position
SignalContext dependent
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2026May 8, 2026
Rolls up toDerivative liabilities
How to read this metric
Fluctuations indicate the sensitivity of the insurance product portfolio to underlying market indices or interest rate environments.
Detailed definition
The aggregate fair value of all embedded derivatives within the insurance segment's contract portfolio. This captures th...
Peer comparison
Standard valuation metric for insurance companies with complex product suites.
Metric ID:
kkr_segment_insurance_embedded_derivativeHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $2.02B | $2.14B | $3.2B | $4.3B | $5.4B | $5.6B | $4.9B |
| QoQ Change | — | +6.2% | +49.3% | +34.4% | +25.6% | +3.7% | -12.5% |
| YoY Change | — | — | — | — | — | +75.0% | — |
Range$2.02B – $5.6B
CAGR+80.7%
Avg YoY Growth+75.0%
Median YoY Growth+75.0%
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Frequently Asked Questions
- What is KKR & Co.'s insurance — embedded derivative?
- KKR & Co. (KKR) reported insurance — embedded derivative of $4.9B in Q1 2026.
- What does insurance — embedded derivative mean?
- The total fair value of all derivative-like features embedded in insurance contracts.