What is the primary purpose of this 8-K/A filing?

The primary purpose of this 8-K/A filing is to amend the original 8-K report by providing the required historical financial statements of Global Atlantic and pro forma financial information, which were initially omitted but are now being disclosed following KKR's acquisition of Global Atlantic.

What financial information is included for Global Atlantic?

The filing includes the audited consolidated balance sheets of Global Atlantic as of December 31, 2020 and 2019, along with the related consolidated statements of income, comprehensive income (loss), and cash flows for the years ended December 31, 2020 and 2019. It also includes statements related to redeemable non-controlling interests and equity for the period from December 31, 2018 to December 31, 2020.

What does the pro forma financial information represent?

The unaudited pro forma condensed combined financial information represents KKR's financial position and results of operations as if the acquisition of Global Atlantic had been completed at the beginning of the periods presented. It is based on specific adjustments and assumptions and is intended to show the potential financial impact of the acquisition, though it is not necessarily indicative of future performance.

When was the Global Atlantic acquisition completed?

The acquisition of Global Atlantic was completed on February 2, 2021.

KKR & Co. Inc. 8-K: Acquisitions & Dispositions

Summary

This 8-K/A filing from KKR & Co. Inc. serves as an amendment to a prior 8-K report, primarily to furnish the necessary financial statements and pro forma information related to KKR's acquisition of Global Atlantic Financial Group Limited, which was completed on February 2, 2021. The amendment includes the audited historical financial statements of Global Atlantic for the years ended December 31, 2020 and 2019, and unaudited pro forma condensed combined financial information reflecting the impact of this significant acquisition on KKR's financial position and results of operations as of and for the year ended December 31, 2020. Investors should note that this filing provides crucial detail to supplement the initial disclosure of the Global Atlantic acquisition. The inclusion of these financials allows for a more comprehensive understanding of the target company's performance and how the combined entity is expected to perform financially. The pro forma information, while based on assumptions, is key for assessing the potential scale and impact of the Global Atlantic integration on KKR's overall financial picture going forward.

Key Highlights

1KKR is filing an amendment (8-K/A) to provide previously omitted financial statements and pro forma information for the acquisition of Global Atlantic.
2The acquisition of Global Atlantic was completed on February 2, 2021.
3The filing includes audited consolidated financial statements of Global Atlantic for the fiscal years 2020 and 2019.
4Unaudited pro forma condensed combined financial information is provided, illustrating the financial impact of the Global Atlantic acquisition as of and for the year ended December 31, 2020.
5This amendment is required by Item 9.01 of Form 8-K, which mandates the disclosure of financial information for significant acquired businesses.
6The pro forma information is presented for informational purposes and is based on specific adjustments and assumptions, not necessarily indicative of future results.
7The filing incorporates by reference key exhibits, including the Global Atlantic historical financial statements and the pro forma combined financial information.

KKR & Co. Inc. 8-K/A Report, Acquisition Completed (Mar 23, 2021)

Summary

Key Highlights

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