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KKR & Co. KKR Variable Annuities — Separate Account, Liability, Surrender and Withdrawal

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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:SeparateAccountLiabilitySurrenderAndWithdrawal.

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 itemSix Months Ended / June 30, 2026 / Variable AnnuitiesSix Months Ended / June 30, 2026 / Interest-Sensitive LifeSix Months Ended / June 30, 2026 / TotalSix Months Ended / June 30, 2025 / Variable AnnuitiesSix Months Ended / June 30, 2025 / Interest-Sensitive LifeSix Months Ended / June 30, 2025 / Total
Balance as of Beginning of Period$3,214,498$626,905$3,841,403$3,400,617$580,443$3,981,060
Premiums and Deposits11,2325,56416,79612,8595,82018,679
Surrenders, Withdrawals and Benefit Payments(248,554)(21,578)(270,132)(253,614)(9,072)(262,686)
Investment Performance250,20661,897312,103141,27938,978180,257
Other(49,034)(25,914)(74,948)(51,876)(22,052)(73,928)
Balance as of End of Period$3,178,348$646,874$3,825,222$3,249,265$594,117$3,843,382
Cash Surrender Value as of End of Period(1)$3,178,348$646,874$3,825,222$3,249,265$594,117$3,843,382

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is KKR & Co.'s variable annuities — separate account, liability, surrender and withdrawal?
KKR & Co. (KKR) reported variable annuities — separate account, liability, surrender and withdrawal of $123.09M in Q2 2026.
How has KKR & Co.'s variable annuities — separate account, liability, surrender and withdrawal changed year-over-year?
KKR & Co.'s variable annuities — separate account, liability, surrender and withdrawal increased by 4.1% year-over-year, from $118.19M to $123.09M.
What is the long-term trend for KKR & Co.'s variable annuities — separate account, liability, surrender and withdrawal?
Over 3 years (2022 to 2025), KKR & Co.'s variable annuities — separate account, liability, surrender and withdrawal has grown at a 3.5% compound annual growth rate (CAGR), from $437.4M to $484.61M.
What does variable annuities — separate account, liability, surrender and withdrawal mean?
This captures the total value of assets withdrawn or surrendered by policyholders from their separate account variable annuity contracts. It reflects the rate of policyholder churn and the liquidity demands placed on the insurance segment.

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