KKR & Co. Present Value of Future Insurance Profits, Net decreased by 1.9% to $1.08B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $1.17B to $1.08B. Over 5 years (FY 2020 to FY 2025), Present Value of Future Insurance Profits, Net shows relatively stable performance with a 1.1% CAGR.
A decrease over time is expected as the value is amortized, while sudden changes often follow M&A activity.
VOBA represents the present value of future profits expected from a block of insurance contracts acquired in a business...
Commonly seen in companies that have recently completed significant acquisitions in the life or annuity space.
non_current_assets_value_of_business_acquired_voba| 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 | $994.27M | $976.65M | $959.26M | $942.12M | $925.03M | $909.29M | $893.68M | $1.29B | $1.27B | $1.25B | $1.25B | $1.23B | $1.21B | $1.19B | $1.17B | $1.14B | $1.12B | $1.10B | $1.08B |
| QoQ Change | — | -1.8% | -1.8% | -1.8% | -1.8% | -1.7% | -1.7% | +44.8% | -1.8% | -1.8% | +0.4% | -1.8% | -1.8% | -1.8% | -1.9% | -1.9% | -1.8% | -1.9% | -1.9% |
| YoY Change | — | — | — | — | -7.0% | -6.9% | -6.8% | +37.3% | +37.4% | +37.3% | +40.2% | -4.9% | -4.9% | -4.9% | -7.0% | -7.1% | -7.2% | -7.2% | -7.3% |
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Insurance | $1.23B | $1.21B | $1.19B | $1.17B | $1.14B | $1.12B | $1.10B | $1.08B |
| Total | $1.23B | $1.21B | $1.19B | $1.17B | $1.14B | $1.12B | $1.10B | $1.08B |