Business Segments · Real Assets

Insurance — Real Assets

KKR & Co. Insurance — Real Assets decreased by 16.7% to $79.37M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 36.5%, from $124.91M to $79.37M.

Analysis

StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2023
Last reportedQ4 2025

How to read this metric

An increase indicates a shift toward illiquid, long-duration assets to potentially capture higher yields or diversification benefits.

Detailed definition

Represents the fair value of investments in physical assets such as real estate, infrastructure, and energy projects hel...

Peer comparison

Commonly reported by life and annuity insurers as 'Alternative Investments' or 'Real Estate/Infrastructure' allocations.

Metric ID: kkr_segment_insurance_real_assets

Historical Data

6 periods
 Q4 '23Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$189.03M$124.91M$113.26M$95.80M$95.23M$79.37M
QoQ Change-33.9%-9.3%-15.4%-0.6%-16.7%
YoY Change-33.9%-36.5%
Range$79.37M$189.03M
CAGR-50.1%
Avg YoY Growth-35.2%
Median YoY Growth-35.2%
Current Streak5+ quarters decline

Frequently Asked Questions

What is KKR & Co.'s insurance — real assets?
KKR & Co. (KKR) reported insurance — real assets of $79.37M in Q4 2025.
How has KKR & Co.'s insurance — real assets changed year-over-year?
KKR & Co.'s insurance — real assets decreased by 36.5% year-over-year, from $124.91M to $79.37M.
What does insurance — real assets mean?
The total value of physical assets like real estate and infrastructure held by the insurance segment.