Business Segments · Insurance Expenses
Insurance — Insurance Expenses
KKR & Co. Insurance — Insurance Expenses increased by 7.7% to $1.41B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.4%, from $1.21B to $1.41B. Over 4 years (FY 2021 to FY 2025), Insurance — Insurance Expenses shows an upward trend with a 35.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ4 2025
How to read this metric
Lower expenses relative to total revenue indicate improved operational efficiency and scale.
Detailed definition
The total operating expenses incurred to run the insurance business, excluding policy benefits and claims. This includes...
Peer comparison
Standard 'Operating Expenses' or 'Underwriting Expenses' for insurance segments.
Metric ID:
kkr_segment_insurance_insurance_expensesHistorical 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 | $389.93M | $436.42M | $490.12M | $493.65M | $528.57M | $642.44M | $751.33M | $750.61M | $811.68M | $820.01M | $900.71M | $1.00B | $1.07B | $1.17B | $1.21B | $1.24B | $1.28B | $1.31B | $1.41B |
| QoQ Change | — | +11.9% | +12.3% | +0.7% | +7.1% | +21.5% | +16.9% | -0.1% | +8.1% | +1.0% | +9.8% | +11.4% | +6.7% | +9.0% | +3.5% | +2.7% | +2.9% | +2.2% | +7.7% |
| YoY Change | — | — | — | — | +35.6% | +47.2% | +53.3% | +52.1% | +53.6% | +27.6% | +19.9% | +33.7% | +31.9% | +42.3% | +34.1% | +23.7% | +19.3% | +11.8% | +16.4% |
Range$389.93M – $1.41B
CAGR+33.0%
Avg YoY Growth+33.5%
Median YoY Growth+33.7%
Current Streak11 quarters growth
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Frequently Asked Questions
- What is KKR & Co.'s insurance — insurance expenses?
- KKR & Co. (KKR) reported insurance — insurance expenses of $1.41B in Q4 2025.
- How has KKR & Co.'s insurance — insurance expenses changed year-over-year?
- KKR & Co.'s insurance — insurance expenses increased by 16.4% year-over-year, from $1.21B to $1.41B.
- What is the long-term trend for KKR & Co.'s insurance — insurance expenses?
- Over 4 years (2021 to 2025), KKR & Co.'s insurance — insurance expenses has grown at a 35.2% compound annual growth rate (CAGR), from $1.57B to $5.23B.
- What does insurance — insurance expenses mean?
- The total operating costs required to manage the insurance business.