KKR & Co. Inc.
Business
KKR & Co. Inc. is a global investment firm that provides alternative asset management alongside capital markets and insurance solutions. It offers funds and investment management across private equity, real assets, credit and liquid strategies, hedge fund partnerships, capital markets advisory and underwriting, and insurance products and reinsurance solutions through its Global Atlantic insurance subsidiaries. The company operates three principal reporting segments: Asset Management (with private equity, real assets, credit and capital markets business lines), Insurance (Global Atlantic), and Strategic Holdings. KKR distributes its products and services globally through institutional channels, banks, broker‑dealers, independent marketing organizations, and direct client relationships across multiple regions.
Summary from filing dated 2025-02-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Premiums | 3,397 | 7,899 | 1,976 | 1,182 | 2,226 | |
| Net Investment Income | 7,665 | 6,575 | 5,515 | 4,118 | 2,846 | |
| Total Revenues | 19,464 | 21,879 | 14,499 | 5,704 | 16,226 | |
| Total Expenses | 19,012 | 20,986 | 12,359 | 5,998 | 11,214 | |
| Net Gains (Losses) from Investment Activities | 4,801 | 3,443 | 3,025 | −1,666 | 7,721 | |
| Dividend Income | 1,441 | 1,100 | 791 | 1,322 | 699 | |
| Interest Income | 3,182 | 3,459 | 3,369 | 1,895 | 1,485 | |
| Interest Expense | −2,777 | −3,034 | −2,772 | −1,551 | — | |
| Total Investment Income (Loss) | 6,647 | 4,968 | 4,414 | 1 | 8,835 | |
| Income (Loss) Before Taxes | 7,099 | 5,860 | 6,555 | −292 | 13,847 | |
| Income Tax Expense (Benefit) | 954 | 954 | 1,198 | 125 | 1,395 | |
| Net Income (Loss) | 6,145 | 4,906 | 5,357 | −418 | 12,452 | |
| Net Income (Loss) Attributable to Redeemable Noncontrolling Interests | 155 | 73 | −5 | 3 | 4 | |
| Net Income (Loss) Attributable to Noncontrolling Interests | 3,620 | 1,757 | 1,630 | 101 | 7,715 | |
| Net Income (Loss) Attributable to KKR & Co. Inc. | 2,370 | 3,076 | 3,732 | −522 | 4,732 | |
| Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders | 2,252 | 3,076 | 3,681 | −591 | 4,627 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Other Assets | 12,957 | 11,827 | 9,859 | 11,239 | 7,940 | |
| Separate Account Assets | 3,841 | 3,981 | 4,107 | 4,131 | — | |
| Total Assets | 410,144 | 360,099 | 317,294 | 275,347 | — | |
| Accrued Expenses and Other Liabilities | 17,690 | 13,635 | 10,974 | 11,072 | 11,160 | |
| Separate Account Liabilities | 3,841 | 3,981 | 4,107 | 4,131 | 5,586 | |
| Total Liabilities | 328,512 | 298,115 | 258,915 | 219,976 | — | |
| Commitments and Contingencies (See Note 24) | — | — | — | — | — | |
| Redeemable Noncontrolling Interests (See Note 23) | 2,710 | 1,585 | 615 | 152 | 82 | |
| Common Stock, $0.01 par value. $3,500,000,000 shares authorized, 891,451,844 and $888,232,174 shares, issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | 9 | 9 | 9 | 9 | 6 | |
| Additional Paid-In Capital | 19,041 | 18,407 | 17,549 | 16,284 | 8,997 | |
| Retained Earnings | 13,884 | 12,283 | 9,818 | 6,701 | 7,670 | |
| "Accumulated Other Comprehensive Income (Loss) (""AOCI"")" | −4,576 | −7,047 | −4,518 | −5,302 | −210 | |
| Total KKR & Co. Inc. Stockholders' Equity | 30,903 | 23,652 | 22,859 | 18,808 | 17,582 | |
| Noncontrolling Interests (See Note 22) | 48,019 | 36,748 | 34,905 | 36,411 | 40,475 | |
| Total Equity | 78,922 | 60,400 | 57,763 | 55,219 | 58,238 | |
| Total Liabilities and Equity | 410,144 | 360,099 | 317,294 | 275,347 | 264,285 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Equity-Based Compensation | 722 | 746 | 618 | 730 | 530 | |
| Net Realized (Gains) Losses Asset Management and Strategic Holdings | −203 | −247 | 776 | — | — | |
| Change in Unrealized (Gains) Losses Asset Management and Strategic Holdings | −4,599 | −3,196 | −3,802 | 2,964 | −5,339 | |
| Net Accretion and Amortization | −163 | −119 | 68 | 364 | 387 | |
| Other Non-Cash Amounts | 444 | 313 | 102 | 126 | −60 | |
| Change in Consolidation | −145,000 | 77 | −354 | −67 | −374 | |
| Change in Due from / to Affiliates | −510 | −346 | 402 | −459 | −431 | |
| Change in Other Assets | −730 | −1,049 | 189 | 1,036 | 507 | |
| Change in Accrued Expenses and Other Liabilities | 2,039 | 2,122 | 543 | −3,125 | 2,141 | |
| Net Cash Provided (Used) by Operating Activities | 478 | 6,650 | −1,494 | −5,279 | −7,177 | |
| Acquisitions, Net | −146 | 0 | 0 | — | −474 | |
| Purchases of Fixed Assets | −161 | −142 | −108 | −85 | −102 | |
| Other Investing Activities, Net | 9,000 | 35 | 59 | — | — | |
| Net Cash Provided (Used) by Investing Activities | −16,282 | −19,047 | −3,883 | −13,647 | −9,606 | |
| Common Stock Dividends | −650 | −612 | −563 | −444 | −331 | |
| Distributions to Redeemable Noncontrolling Interests | −72 | −24 | −3 | −3 | −2 | |
| Contributions from Redeemable Noncontrolling Interests | 1,069 | 922 | 499 | 69 | 0 | |
| Distributions to Noncontrolling Interests | −6,082 | −8,192 | −6,957 | −7,040 | −7,485 | |
| Contributions from Noncontrolling Interests | 11,355 | 7,432 | 12,872 | 13,622 | 13,848 | |
| Issuance of Series D Mandatory Convertible Preferred Stock (net of issuance costs) | 2,543 | 0 | 0 | — | — | |
| 2024 GA Acquisition - Cash consideration | 0 | −2,622 | 0 | 0 | — | |
| Net Delivery of Common Stock (Equity Incentive Plan) | −126 | −125 | −42 | −66 | −167 | |
| Repurchases of Common Stock | −3 | 0 | −290 | −347 | −270 | |
| Proceeds from Debt Obligations | 27,075 | 29,137 | 16,383 | 20,439 | 30,369 | |
| Repayment of Debt Obligations | −25,123 | −25,677 | −12,764 | −13,911 | −21,474 | |
| Financing Costs Paid | −51 | −20 | −15 | −33 | −129 | |
| Other Financing Activity, Net | 399 | −1,110 | 552 | — | — | |
| Net Cash Provided (Used) by Financing Activities | 17,432 | 7,076 | 12,774 | 22,055 | 20,364 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 156 | −119 | 25 | −270 | −49 | |
| Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash | 1,784 | −5,440 | 7,423 | 2,859 | 3,533 | |
| Payments for Interest | 2,661 | 2,937 | 2,691 | 1,500 | 1,242 | |
| Payments for Income Taxes, Net of Refunds | 1,209 | 782 | 981 | 765 | 659 | |
| Payments for Operating Lease Liabilities | 68 | 66 | 59 | 52 | 47 | |
| Non-Cash Contribution from Noncontrolling Interests | 29 | 34 | 0 | 85 | 845 | |
| Non-Cash Distribution to Noncontrolling Interests | 0 | 0 | −1,345 | 0 | 0 | |
| Non-Cash Distribution to Redeemable Noncontrolling Interests | −26 | 0 | 0 | 0 | −11 | |
| Non-Cash Repayment of Debt Obligations | −100 | 0 | 0 | — | — | |
| Debt Obligations - Net Gains (Losses), Translation and Other | −1,626 | 541 | −1,048 | 2,023 | 594 | |
| Investments Acquired through Reinsurance Agreements | 2,480 | 11,393 | 10,772 | 5,553 | 16,339 | |
| Contractholder Deposit Funds Acquired through Reinsurance Agreements | 2,675 | 2,048 | 8,461 | 5,542 | 14,773 | |
| Other Assets | −2 | 12 | −217 | −60 | — | |
| Debt Obligations | 0 | −1,063 | 85 | −50 | −4,502 | |
| Accrued Expenses and Other Liabilities | −19,000 | 6 | −294 | −4 | — | |
| Noncontrolling Interests | 2,391 | 1,163 | −8,461 | 0 | — | |
| Redeemable Noncontrolling Interests | 0 | 0 | −28 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Insider Activity
Person — KKR & Co. Inc.
- CIK
- 0001404912
- Insider filer
- Yes
Positions
| Company | Ticker | Role | Title | Tenure |
|---|---|---|---|---|
| BrightSpring Health Services, Inc. | BTSG | ten_percent | — | 2026-03-04 |
| KKR Real Estate Select Trust Inc. | NONE | ten_percent | — | 2023-10-03 → 2025-10-02 |
| HENRY SCHEIN INC | HSIC | ten_percent | — | 2025-06-18 |
| Crescent Energy Co | CRGY | ten_percent | — | 2025-03-11 |
| BridgeBio Pharma, Inc. | BBIO | ten_percent | — | 2019-07-03 → 2024-09-17 |
| KKR FS Income Trust | NONE | ten_percent | — | 2023-05-30 |
| LAUREATE EDUCATION, INC. | LAUR | ten_percent | — | 2021-03-30 → 2022-11-22 |
| AppLovin Corp | APP | ten_percent | — | 2021-12-09 |
| COTY INC. | COTY | ten_percent | — | 2021-09-10 |
| Mr. Cooper Group Inc. | COOP | ten_percent | — | 2015-01-07 → 2021-03-30 |
| US Foods Holding Corp. | USFD | ten_percent | — | 2021-02-19 |
| BC Partners Lending Corp | BCPL | ten_percent | — | 2021-02-11 |
| KKR Real Estate Finance Trust Inc. | KREF | ten_percent | — | 2020-12-21 |
| Ingersoll Rand Inc. | IR | ten_percent | — | 2020-06-23 |
| FIRST DATA CORP | FDC | ten_percent | — | 2018-08-20 |
| Willbros Group, Inc.\NEW\ | WG | ten_percent | — | 2018-06-05 |
| GoDaddy Inc. | GDDY | ten_percent | — | 2018-03-07 |
| PRA Health Sciences, Inc. | PRAH | ten_percent | — | 2016-11-18 |
| Sentio Healthcare Properties Inc | NONE | ten_percent | — | 2013-12-09 |
| AMEDISYS INC | AMED | ten_percent | — | 2013-10-21 → 2013-11-14 |
| Nielsen Holdings N.V. | NLSN | ten_percent | — | 2013-05-21 |
| DOLLAR GENERAL CORP | DG | ten_percent | — | 2009-11-20 → 2013-04-05 |
| Avago Technologies LTD | AVGO | ten_percent | — | 2009-10-13 → 2010-02-02 |