Summary
KKR & Co. Inc. reported robust performance in its 2025 10-K filing, with total revenues reaching $19.46 billion, a slight decrease from the prior year's $21.88 billion. This dip was primarily influenced by a significant decline in net premiums within the insurance segment, offset by strong growth in net investment income and higher management fees in the asset management segment. The company's total assets under management (AUM) grew to $743.9 billion, demonstrating continued expansion. Adjusted Net Income saw a healthy increase to $4.38 billion from $4.20 billion in 2024, reflecting the company's ability to generate earnings across its diverse business lines. The asset management segment continues to be a key driver of growth, with management fees up 17% year-over-year, driven by new capital raised across private equity, real assets, and credit strategies. The insurance segment, through Global Atlantic, also demonstrated resilience, with net investment income rising 14% year-over-year, though impacted by a strategic shift in liabilities and assets. KKR's strategic initiatives, including the continued integration of Global Atlantic and expansion into new investment strategies like sports and asset management firms, underscore its commitment to long-term growth. The company's capital allocation framework prioritizes reinvestment in the business, with strategic M&A, insurance, strategic holdings, and share repurchases being key areas of focus. The company maintained strong capital positions and an attractive dividend policy, signaling confidence in its ongoing operational and financial performance.
Financial Highlights
29 data pointsKey Highlights
- 1Total revenues were $19.46 billion for 2025, slightly down from $21.88 billion in 2024, primarily due to a decrease in net premiums from the insurance segment.
- 2Assets Under Management (AUM) increased to $743.9 billion as of December 31, 2025, from $637.6 billion in the prior year.
- 3Adjusted Net Income grew to $4.38 billion in 2025, up from $4.20 billion in 2024, indicating strong underlying profitability.
- 4Asset Management segment earnings increased by 5% year-over-year to $4.55 billion, driven by higher management fees across all business lines.
- 5Insurance segment operating earnings increased by 9% year-over-year to $1.11 billion, primarily due to increased net investment income.
- 6The company announced a new annualized dividend of $0.78 per share for common stock, an increase from the prior policy.
- 7KKR announced an agreement to acquire Arctos Partners in February 2026, a move that expands its capabilities in sports and asset management capital solutions.