KKR & Co. Variable annuities — Separate Account, Liability, Surrender and Withdrawal increased by 7.9% to $119.91M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 12.4%, from $136.93M to $119.91M. Over 3 years (FY 2022 to FY 2025), Variable annuities — Separate Account, Liability, Surrender and Withdrawal shows an upward trend with a 3.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
High surrender rates may indicate customer dissatisfaction, competitive pressure, or a need for liquidity by policyholders.
This captures the total value of assets withdrawn or surrendered by policyholders from their separate account variable a...
Commonly tracked as surrender rates or lapse rates in the insurance industry.
kkr_segment_variable_annuities_separate_account_liability_surrender_and_withdrawal| 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 | $124.26M | $107.25M | $97.80M | $108.09M | $108.41M | $125.30M | $123.63M | $113.53M | $134.79M | $135.54M | $144.41M | $136.93M | $135.42M | $118.19M | $111.08M | $119.91M |
| QoQ Change | — | -13.7% | -8.8% | +10.5% | +0.3% | +15.6% | -1.3% | -8.2% | +18.7% | +0.6% | +6.5% | -5.2% | -1.1% | -12.7% | -6.0% | +7.9% |
| YoY Change | — | — | — | — | -12.8% | +16.8% | +26.4% | +5.0% | +24.3% | +8.2% | +16.8% | +20.6% | +0.5% | -12.8% | -23.1% | -12.4% |