Summary
KKR & Co. Inc. (KKR) has filed an 8-K report on August 10, 2020, primarily to disclose the filing of financial statements related to the acquisition of Global Atlantic Financial Group Limited. This filing includes the audited consolidated financial statements of Global Atlantic for the years ended December 31, 2019 and 2018, as well as unaudited condensed consolidated financial statements for periods ending June 30, 2020, and the six months then ended, along with comparative figures from 2019. These documents are crucial for investors to understand the financial health and performance of Global Atlantic, which is now being combined with KKR's operations. Furthermore, the report incorporates unaudited pro forma consolidated combined financial information that reflects the impact of the mergers, giving investors a clearer picture of the combined entity's financial position post-acquisition. The inclusion of these financial exhibits, along with the consent of PricewaterhouseCoopers LLP, signals a significant step in the integration process and provides key data points for evaluating the strategic rationale and financial implications of the Global Atlantic transaction for KKR shareholders.
Key Highlights
- 1KKR filed an 8-K on August 10, 2020, disclosing financial information related to the Global Atlantic acquisition.
- 2Key financial statements for Global Atlantic, including audited 2019/2018 and unaudited 2020/2019 interim periods, are now publicly available.
- 3The filing includes unaudited pro forma financial information reflecting the combined entity post-mergers.
- 4This filing is a procedural step to incorporate significant financial data for the acquired entity into public disclosures.
- 5The exhibits provide investors with detailed financial insights into Global Atlantic's performance and financial position.
- 6Consent from PricewaterhouseCoopers LLP for the Global Atlantic financial statements is included.