10-KPeriod: FY2024

KKR & Co. Inc. Annual Report, Year Ended Dec 31, 2024

Filed February 28, 2025For Securities:KKRKKRTKKR-PDKKRS

Summary

KKR & Co. Inc. reported a strong financial performance for the fiscal year ended December 31, 2024, driven by robust growth across its key business segments: Asset Management, Insurance, and Strategic Holdings. The firm's Assets Under Management (AUM) saw a significant increase, reflecting successful capital raising efforts and positive investment performance across its diverse strategies, including Private Equity, Real Assets, and Credit. The Insurance segment, operated by Global Atlantic, demonstrated substantial growth in net premiums and net investment income, supported by strategic reinsurance transactions and a well-managed investment portfolio. The firm's proactive approach to managing market risks, including interest rate and equity price sensitivities, contributed to stable performance despite market volatility. KKR also highlighted its commitment to shareholder returns through its dividend policy and share repurchase program. The company's financial strength is further underscored by its solid capital position and positive outlook for continued growth and value creation. Investors can look forward to sustained strategic initiatives aimed at expanding KKR's global reach and product offerings.

Financial Highlights

29 data points
Beta

Revenue

$21.88B

Net Income

$3.08B

14.1% Net Margin

Total Assets

$360.10B

Cash & Equivalents

$15.37B

Free Cash Flow

$6.65B

Financial Statements
Beta
Revenue$21.88B
Net Income$3.08B

Key Highlights

  • 1KKR reported a strong financial performance in fiscal year 2024, with significant growth across its Asset Management, Insurance, and Strategic Holdings segments.
  • 2Assets Under Management (AUM) increased substantially, driven by successful capital raising and positive investment performance in Private Equity, Real Assets, and Credit strategies.
  • 3The Insurance segment, through Global Atlantic, showed robust growth in net premiums and net investment income, with effective management of market risks.
  • 4KKR maintained a commitment to shareholder returns, evidenced by its dividend policy and active share repurchase program.
  • 5The firm highlighted its solid capital position and strategic initiatives aimed at expanding its global presence and product offerings.

Frequently Asked Questions

KKR & Co. Inc. reported strong financial performance in fiscal year 2024, with significant growth across its Asset Management, Insurance, and Strategic Holdings segments. The company benefited from increased Assets Under Management (AUM) due to successful capital raising and positive investment returns, as well as robust performance in its insurance operations.

The Asset Management segment saw significant growth, driven by increases in management fees across Private Equity, Real Assets, and Credit and Liquid Strategies. Transaction fees also increased, particularly within the Capital Markets business due to higher issuance activity. Realized performance income and capital allocation-based income showed strong positive contributions.

Global Atlantic's growth was driven by increased net premiums, primarily from new reinsurance transactions, and higher net investment income due to increased average assets under management and improved portfolio yields. Despite an increase in net cost of insurance and investment-related losses from derivatives, overall Insurance Operating Earnings saw a substantial increase.

KKR has a stated dividend policy, with an annualized dividend of $0.74 per share announced in February 2025. The company also continues to have a share repurchase program in place, with approximately $69 million remaining as of January 31, 2025, which is also used for retiring equity awards.