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KKR & Co. KKR Other — Deferred Acquisition Costs, or "DAC"

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Other financials

Income statement

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Revenue$5.7B+12.5%
Net income$700.5M+37.3%
EPS (diluted)$0.70+40.0%

Balance sheet

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Cash & equivalents$21.2B+17.4%
Total debt$347.9M-99.1%
Total equity$31.0B+10.0%
Total assets$414.46B+8.8%

Cash flow

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Operating cash flow$3.3B+641%

Valuation

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Market cap$94.85B-26.4%
P/E30.1×-32.7×
P/S4.5×-3.5×

Profitability

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Net margin14.8%+2.2pp
FCF margin-139.2%

Returns & leverage

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Return on equity10.6%+2.4pp
Debt / equity-2.1×

Where this comes from

Reported directly by KKR & Co. in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: KKR & Co.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001404912-26-000027
Line itemFixed Rate AnnuitiesFixed Indexed AnnuitiesInterest Sensitive LifeOtherTotal
Balance, as of the Beginning of the Period$489,962$1,053,389$130,429$692,809$2,366,589
Capitalizations37,714171,7162,995190,360402,785
Amortization Expense(63,186)(90,732)(4,350)(32,844)(191,112)
Balance, as of the End of the Period$464,490$1,134,373$129,074$850,325$2,578,262

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is KKR & Co.'s other — deferred acquisition costs, or "DAC"?
KKR & Co. (KKR) reported other — deferred acquisition costs, or "DAC" of $850.33M in Q2 2026.
How has KKR & Co.'s other — deferred acquisition costs, or "DAC" changed year-over-year?
KKR & Co.'s other — deferred acquisition costs, or "DAC" increased by 64.1% year-over-year, from $518.21M to $850.33M.
What is the long-term trend for KKR & Co.'s other — deferred acquisition costs, or "DAC"?
Over 3 years (2022 to 2025), KKR & Co.'s other — deferred acquisition costs, or "DAC" has grown at a 80.2% compound annual growth rate (CAGR), from $384.71M to $2.25B.
What does other — deferred acquisition costs, or "DAC" mean?
This represents the capitalized costs associated with acquiring new insurance contracts that are expected to be recovered from future policy revenues. It reflects the upfront investment made to secure long-term insurance business, which is then amortized over the life of the policies.

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