Non-Current Liabilities
Market risk benefits
KKR & Co. Market risk benefits increased by 4.0% to $1.4B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.4%, from $1.21B to $1.4B. Over 3 years (FY 2022 to FY 2025), Market risk benefits shows an upward trend with a 25.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ4 2022
Last reportedQ1 2026May 8, 2026
How to read this metric
An increase in this liability often signals higher potential payouts due to market volatility or unfavorable market conditions.
Detailed definition
This represents the fair value of liabilities arising from market risk benefits embedded in insurance contracts. These l...
Peer comparison
Standard for insurance-heavy asset managers; peers report this as market risk benefit liabilities.
Metric ID:
non_current_liabilities_market_risk_benefit_liability_amountHistorical Data
14 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $682.04M | $764.41M | $828.36M | $774.64M | $1.12B | $1.02B | $1.02B | $1.12B | $1B | $1.21B | $1.22B | $1.3B | $1.35B | $1.4B |
| QoQ Change | — | +12.1% | +8.4% | -6.5% | +44.7% | -8.7% | -0.3% | +9.4% | -10.2% | +20.4% | +1.5% | +6.1% | +3.9% | +4.0% |
| YoY Change | — | — | — | — | +64.4% | +33.8% | +23.1% | +44.1% | -10.6% | +17.9% | +20.0% | +16.4% | +34.7% | +16.4% |
Range$682.04M – $1.4B
CAGR+24.9%
Avg YoY Growth+26.0%
Median YoY Growth+21.6%
Current Streak5 quarters growth
Product Breakdown
| Segment | Q4 '25 |
|---|---|
| Fixed Indexed Annuities | $1.14B |
| Variable- and Other Annuities | $208.2M |
| Total | $1.35B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Insurance | $1.02B | $1.12B | $1B | $1.21B | $1.22B | $1.3B | $1.35B | $1.4B |
| Total | $1.02B | $1.12B | $1B | $1.21B | $1.22B | $1.3B | $1.35B | $1.4B |
Market risk benefits at Other Companies
Frequently Asked Questions
- What is KKR & Co.'s market risk benefits?
- KKR & Co. (KKR) reported market risk benefits of $1.4B in Q1 2026.
- How has KKR & Co.'s market risk benefits changed year-over-year?
- KKR & Co.'s market risk benefits increased by 16.4% year-over-year, from $1.21B to $1.4B.
- What is the long-term trend for KKR & Co.'s market risk benefits?
- Over 3 years (2022 to 2025), KKR & Co.'s market risk benefits has grown at a 25.6% compound annual growth rate (CAGR), from $682.04M to $1.35B.
- What does market risk benefits mean?
- The estimated value of the company's obligations for market-linked insurance guarantees.