Business Segments · Separate Account Liabilities
Insurance — Separate Account Liabilities
KKR & Co. Insurance — Separate Account Liabilities decreased by 1.7% to $3.84B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 3.5%, from $3.98B to $3.84B. Over 4 years (FY 2021 to FY 2025), Insurance — Separate Account Liabilities shows a downward trend with a -8.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ4 2020
Last reportedQ4 2025
Rolls up toSeparate account liabilities
How to read this metric
Growth in these liabilities indicates increased sales of market-linked insurance products and higher fee-earning potential.
Detailed definition
Reflects liabilities related to insurance products where the investment risk is borne by the policyholder, such as varia...
Peer comparison
Standard for insurance companies offering investment-linked products.
Metric ID:
kkr_segment_insurance_separate_account_liabilitiesHistorical 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 | $5.64B | $5.45B | $5.59B | $5.07B | $4.36B | $4.05B | $4.13B | $4.16B | $4.18B | $3.90B | $4.11B | $4.22B | $4.12B | $4.13B | $3.98B | $3.74B | $3.84B | $3.91B | $3.84B |
| QoQ Change | — | -3.4% | +2.6% | -9.2% | -13.9% | -7.1% | +1.9% | +0.8% | +0.4% | -6.8% | +5.3% | +2.8% | -2.4% | +0.3% | -3.7% | -6.1% | +2.8% | +1.6% | -1.7% |
| YoY Change | — | — | — | — | -22.6% | -25.6% | -26.1% | -17.8% | -4.1% | -3.8% | -0.6% | +1.4% | -1.4% | +6.0% | -3.1% | -11.5% | -6.8% | -5.5% | -3.5% |
Range$3.74B – $5.64B
CAGR-8.2%
Avg YoY Growth-8.3%
Median YoY Growth-4.1%
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Frequently Asked Questions
- What is KKR & Co.'s insurance — separate account liabilities?
- KKR & Co. (KKR) reported insurance — separate account liabilities of $3.84B in Q4 2025.
- How has KKR & Co.'s insurance — separate account liabilities changed year-over-year?
- KKR & Co.'s insurance — separate account liabilities decreased by 3.5% year-over-year, from $3.98B to $3.84B.
- What is the long-term trend for KKR & Co.'s insurance — separate account liabilities?
- Over 4 years (2021 to 2025), KKR & Co.'s insurance — separate account liabilities has grown at a -8.8% compound annual growth rate (CAGR), from $22.14B to $15.33B.
- What does insurance — separate account liabilities mean?
- Liabilities for insurance products where the policyholder bears the investment risk.