Summary
KKR & Co. Inc.'s 2020 10-K filing highlights a year of robust growth and strategic expansion, marked by significant increases in Assets Under Management (AUM) and a strong performance across its diverse business lines, including Private Markets, Public Markets, Capital Markets, and Principal Activities. The company's asset management business demonstrated resilience and growth, with AUM reaching $251.7 billion by the end of 2020, supported by new capital raised and favorable market conditions in certain segments. The firm's operational and investment strategies continue to focus on value creation through proactive engagement with portfolio companies. Key developments during the period include the company's commitment to a significant acquisition of Global Atlantic Financial Group, a leading U.S. annuity and life insurance company, which closed in early 2021, marking a major expansion into the insurance sector. Financially, KKR reported strong net income and increased book value per adjusted share, reflecting successful investment activities and disciplined expense management. The company's capital markets business also saw increased transaction volumes, contributing to overall revenue growth. KKR's balance sheet remains strong, with significant capital available to support its growth strategies and fund commitments.
Financial Highlights
35 data points| Revenue | $4.23B |
| Interest Expense | $969.87M |
| Net Income | $2.00B |
Key Highlights
- 1Total Assets under management (AUM) reached $251.7 billion by December 31, 2020, an increase of $33.3 billion from the prior year, driven by new capital raised and favorable market conditions.
- 2The company's Net Income Attributable to KKR & Co. Inc. Common Stockholders was $1.95 billion for the year ended December 31, 2020.
- 3KKR's Private Markets business line saw its AUM increase to $148.7 billion, driven by new capital raised in various funds and an increase in the value of its portfolio investments.
- 4The Public Markets business line's AUM grew to $103.0 billion, supported by new capital raised in alternative credit and leveraged credit strategies, as well as hedge fund partnerships.
- 5The company made significant progress on its acquisition of Global Atlantic Financial Group, a major player in the insurance sector, which closed in early 2021, expanding KKR's platform and diversification.
- 6The Capital Markets business line experienced an increase in transaction fees due to higher volumes and transaction sizes in both equity and debt offerings.
- 7Book Value per Adjusted Share increased to $23.09 as of December 31, 2020, up from $19.24 in the prior year, reflecting the overall growth and performance of the firm's investments and operations.