KKR & Co. Insurance — Liability for Future Policy Benefits increased by 5.0% to $30.65B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $26.80B to $30.65B. Over 2 years (FY 2023 to FY 2025), Insurance — Liability for Future Policy Benefits shows an upward trend with a 34.5% CAGR.
An increase reflects growth in the insurance book of business, but requires careful monitoring of actuarial adequacy and reserve sufficiency.
The estimated present value of future benefits that the insurance segment expects to pay to policyholders, calculated ba...
Standard actuarial liability reported by life and annuity insurance providers.
kkr_segment_insurance_liability_for_future_policy_benefits| 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 | $14.45B | $15.13B | $15.50B | $14.86B | $17.82B | $25.41B | $26.19B | $28.11B | $26.80B | $27.03B | $27.63B | $29.19B | $30.65B |
| QoQ Change | — | +4.8% | +2.4% | -4.2% | +20.0% | +42.6% | +3.1% | +7.3% | -4.7% | +0.9% | +2.2% | +5.7% | +5.0% |
| YoY Change | — | — | — | — | +23.4% | +67.9% | +68.9% | +89.2% | +50.3% | +6.4% | +5.5% | +3.9% | +14.4% |