01—Abstract
Summary
Summary of the 10-Q filed August 6, 2026. Cited figures are marked; the original filing is the authoritative source.
KKR & Co. Inc. (KKR) reported a solid financial performance for the second quarter and first half of 2026.
The company demonstrated growth in its Asset Management segment, driven by increased management fees across its Private Equity, Real Assets, and Credit and Liquid Strategies businesses, including contributions from recent acquisitions. Fee Related Earnings (FRE) saw a substantial increase, reflecting the recurring nature of its fee-generating businesses. The Insurance segment, operated by Global Atlantic, also showed improved performance with a notable rise in Net Investment Income, supported by increased average assets under management and higher portfolio yields.
Overall, total revenues grew compared to the prior year's period, bolstered by strong performance in asset management fees and insurance segments. While net income attributable to KKR & Co. Inc. common stockholders saw an increase, this was partially offset by lower net investment gains in the asset management segment and increased investment-related losses in the insurance business.
The company's capital position remains robust, with significant uncalled commitments available for future deployment. KKR also continues its share repurchase program, demonstrating a commitment to returning capital to shareholders.
02—Key points
Key Highlights
- Total revenues increased to $5.73 billion for the three months ended June 30, 2026, up from $5.09 billion in the prior year period.
- Asset Management Segment Earnings increased significantly to $1.59 billion for the three months ended June 30, 2026, compared to $1.13 billion in the prior year period, driven by strong growth in management fees.
- Insurance Operating Earnings saw a modest increase to $288.22 million for the three months ended June 30, 2026, up from $277.93 million in the prior year period, primarily due to higher net investment income.
- Net income attributable to KKR & Co. Inc. common stockholders was $660.05 million for the three months ended June 30, 2026, an increase from $472.39 million in the prior year period.
- Assets Under Management (AUM) grew to $796.49 billion as of June 30, 2026, reflecting strong capital raising and investment performance across all business lines.
- The company repurchased 328,544 shares of common stock during the three months ended June 30, 2026, as part of its ongoing share repurchase program.
- Uncalled capital commitments for Private Equity, Real Assets, and Credit and Liquid Strategies business lines increased to $142.66 billion as of June 30, 2026, providing ample capital for future investments.
03—Questions
Frequently Asked Questions
What was KKR's total revenue for the second quarter of 2026?
KKR's total revenues for the three months ended June 30, 2026, were $5,725,891,000.
How did the Asset Management segment perform in the second quarter of 2026?
The Asset Management segment showed strong performance, with Asset Management Segment Earnings increasing to $1,587,292,000 for the three months ended June 30, 2026, driven by higher management fees across its Private Equity, Real Assets, and Credit and Liquid Strategies businesses.
What was the net income attributable to KKR & Co. Inc. common stockholders for the second quarter of 2026?
Net income attributable to KKR & Co. Inc. common stockholders was $660,053,000 for the three months ended June 30, 2026.
How has Assets Under Management (AUM) changed compared to the previous year?
Assets Under Management (AUM) grew to $796,487,000,000 as of June 30, 2026, an increase from $743,858,000,000 as of December 31, 2025, reflecting successful capital raising and investment growth.
04—Continue