What is KKR & Co.'s effect of changes in experience?

KKR & Co. (KKR) reported effect of changes in experience of -$20.13M in Q4 2025.

How has KKR & Co.'s effect of changes in experience changed year-over-year?

KKR & Co.'s effect of changes in experience increased by 68.9% year-over-year, from -$64.78M to -$20.13M.

What is the long-term trend for KKR & Co.'s effect of changes in experience?

Over 4 years (2021 to 2025), KKR & Co.'s effect of changes in experience has grown at a 2.4% compound annual growth rate (CAGR), from -$18.3M to -$20.13M.

What does effect of changes in experience mean?

The impact on insurance liabilities caused by actual claims and policyholder behavior differing from initial projections.

Other

Effect of Changes in Experience

KKR & Co. Effect of Changes in Experience increased by 68.9% to -$20.13M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 68.9%, from -$64.78M to -$20.13M. Over 4 years (FY 2021 to FY 2025), Effect of Changes in Experience shows relatively stable performance with a 2.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ4 2021

Last reportedQ4 2025May 8, 2026

How to read this metric

Frequent large adjustments may indicate poor initial modeling or unexpected shifts in policyholder behavior.

Detailed definition

The cumulative effect of actual experience deviations from original actuarial assumptions on the long-duration insurance...

Peer comparison

Commonly reported by insurance firms to reconcile actuarial projections with actual performance.

Metric ID: other_additional_liability_long_duration_insurance_cumul_5ba194

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	-$18.3M	-$43.78M	-$59.72M	-$64.78M	-$20.13M
QoQ Change	—	-139.2%	-36.4%	-8.5%	+68.9%
YoY Change	—	-139.2%	-36.4%	-8.5%	+68.9%

Range-$64.78M – -$18.3M

CAGR+10.0%

Avg YoY Growth-28.8%

Median YoY Growth-22.4%

Effect of Changes in Experience at Other Companies

Ameriprise FinancialAMP View metric

Frequently Asked Questions

What is KKR & Co.'s effect of changes in experience?: KKR & Co. (KKR) reported effect of changes in experience of -$20.13M in Q4 2025.
How has KKR & Co.'s effect of changes in experience changed year-over-year?: KKR & Co.'s effect of changes in experience increased by 68.9% year-over-year, from -$64.78M to -$20.13M.
What is the long-term trend for KKR & Co.'s effect of changes in experience?: Over 4 years (2021 to 2025), KKR & Co.'s effect of changes in experience has grown at a 2.4% compound annual growth rate (CAGR), from -$18.3M to -$20.13M.
What does effect of changes in experience mean?: The impact on insurance liabilities caused by actual claims and policyholder behavior differing from initial projections.