KKR SEC Filings
KKR & Co. Inc. - 273 total filings
KKR & Co. Inc. 8-K Report, Unregistered Securities Sale (Feb 5, 2026)
KKR & Co. Inc. (KKR) has announced a significant strategic move with the definitive agreement to acquire 100% of Arctos Partners, LP, an investment firm specializing in capital and liquidity solutions for sports franchises and private investment fund sponsors. This acquisition is set to be completed upon satisfaction of regulatory and sports-specific approvals, alongside other customary closing conditions. The total consideration for Arctos is substantial, with an initial payment of $1.4 billion. This includes a mix of cash ($300 million) and KKR equity securities ($1.1 billion). A significant portion of the equity consideration, totaling $900 million initially and an additional $200 million allocated by 2028, will be subject to vesting schedules extending through 2030 and 2033, respectively. Furthermore, KKR has structured potential earn-out provisions of up to $550 million, tied to both KKR's share price and Arctos' business performance, with vesting through 2031.
KKR & Co. Inc. 8-K Report, Financial Results (Feb 5, 2026)
KKR & Co. Inc. (KKR) has filed a Current Report on Form 8-K on February 5, 2026, to announce its financial results for the fiscal quarter and full year ended December 31, 2025. The core of this filing is the earnings release, furnished as Exhibit 99.1, which contains the detailed financial performance metrics for the period. Investors should refer to this exhibit for specific figures regarding revenue, profitability, assets under management, and other key performance indicators. While the 8-K itself is brief and primarily serves as a vehicle to present the earnings release, it's crucial for investors to access and review Exhibit 99.1. This exhibit will provide insights into KKR's operational and financial condition, offering a view of the company's performance in the competitive asset management landscape. The filing clarifies that the information within the earnings release is furnished and not deemed "filed" for the purposes of Section 18 of the Exchange Act, meaning it's primarily for informational disclosure and not subject to the same liability provisions as filed reports, unless specifically incorporated by reference into other filings.
KKR & Co. Inc. 8-K Report, Material Agreement (Jan 16, 2026)
KKR & Co. Inc. (KKR) announced a significant update regarding its subsidiary, Global Atlantic, through a filing on January 16, 2026. The company has entered into a new Credit Agreement, establishing a $3.00 billion unsecured revolving credit facility for its insurance subsidiaries, Global Atlantic Limited (Delaware) and Global Atlantic (Fin) Company. This facility, which matures in January 2027, includes an option to increase the borrowing capacity by an additional $500 million, bringing the total potential to $3.50 billion, subject to lender commitments. The primary purpose of these funds is to support working capital, general corporate needs, and growth initiatives within the Credit Parties, which include Global Atlantic's insurance company subsidiaries. This new credit facility provides Global Atlantic with enhanced financial flexibility and access to capital. The terms include options for SOFR-based or alternate base rate borrowings, with margins and commitment fees that are tied to KKR's corporate credit ratings. The agreement also imposes financial covenants, such as a debt-to-total capitalization ratio not exceeding 35% and specific net worth maintenance requirements for GALD and its consolidated subsidiaries. These covenants, along with customary representations and negative covenants, are designed to ensure the financial stability of the borrower while providing lenders with standard protections, including event of default clauses that could lead to loan acceleration.
KKR & Co. Inc. 8-K Report, Executive Changes (Jan 9, 2026)
KKR & Co. Inc. has announced a significant leadership change via an 8-K filing dated January 8, 2026. Effective immediately, Ryan Stork has stepped down from his position as Chief Operating Officer (COO). This development marks a notable shift in the company's operational leadership, and investors will be keen to understand the implications for KKR's strategic execution and day-to-day management. While the filing itself does not provide reasons for Mr. Stork's departure or details on a successor, it signifies a point of interest for monitoring the firm's ongoing operational stability and strategic direction.
KKR & Co. Inc. 8-K Report, Financial Results (Nov 7, 2025)
KKR & Co. Inc. (KKR) has filed a Form 8-K on November 6, 2025, to announce its financial results for the quarter and nine months ended September 30, 2025. The key information regarding these results is detailed in an earnings release furnished as Exhibit 99.1 to this filing. Investors should refer to this earnings release for comprehensive details on the company's performance during the period. While this 8-K filing itself does not contain the specific financial figures, it serves as the official notification of the release of KKR's third-quarter and year-to-date financial performance. The furnished exhibit is crucial for understanding revenue, earnings per share, assets under management (AUM), deployment and fundraising activities, and any strategic commentary provided by management.
KKR & Co. Inc. Quarterly Report for Q3 Ended Sep 30, 2025
KKR & Co. Inc. (KKR) reported solid financial performance for the nine months ended September 29, 2025. Total revenues reached $13.725 billion, a decrease from $18.620 billion in the same period last year, primarily due to lower net premiums in the insurance segment, reflecting a strategic shift or change in business mix. However, the Asset Management and Strategic Holdings segment demonstrated resilience, with total revenues of $5.625 billion, showing growth in Fee Related Earnings and strong Realized Performance Income, indicating effective management of its investment portfolio and fee-generating businesses. Net income attributable to KKR & Co. Inc. common stockholders saw a decrease to $1.146 billion for the nine months ended September 30, 2025, from $1.951 billion in the prior year, impacted by lower capital allocation-based income and higher tax expenses. The company's balance sheet remains robust with total assets of $398.5 billion as of September 30, 2025, up from $360.1 billion at year-end 2024. Total equity also increased to $73.0 billion from $60.4 billion, reflecting retained earnings and capital contributions. The company managed its debt effectively, with debt obligations increasing slightly but remaining well within manageable levels. KKR continues to execute its growth strategy, evidenced by capital redeployments and strategic acquisitions, demonstrating a focus on long-term value creation for its investors.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Oct 9, 2025)
KKR & Co. Inc. (KKR) has filed an 8-K report on October 8, 2025, to announce the posting of a new investor presentation titled "Asset-Based Finance Overview" on its website. This presentation is intended for KKR common stockholders and analysts, providing insights into KKR's strategies and performance within its asset-based finance segment. The company utilizes its website as a key channel for disseminating important financial and corporate information.
KKR & Co. Inc. 8-K Report, Executive Changes (Sep 24, 2025)
KKR & Co. Inc. (KKR) has announced a significant change to its Board of Directors through an 8-K filing on September 23, 2025. The primary event is the appointment of Craig Arnold to the Board, where he will also serve on the Audit Committee. This appointment, approved by the sole holder of the Series I preferred stock, increases the total number of directors to fifteen. Mr. Arnold's compensation will align with the company's existing non-executive director arrangements, prorated from his appointment date, and he has entered into a standard indemnification agreement. This strategic addition to the board, particularly with his inclusion on the Audit Committee, suggests a focus on enhancing governance and oversight. Investors should view this as a move to strengthen the board's expertise, potentially bringing valuable experience to critical financial and strategic discussions. The company has also furnished a press release detailing this appointment, which is an important part of understanding the context and background of Mr. Arnold's joining the KKR board.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Sep 19, 2025)
KKR & Co. Inc. (KKR) has filed a Current Report on Form 8-K, reporting an event on September 18, 2025, and filing on September 18, 2025. The primary disclosure under Item 7.01 relates to its subsidiary, Global Atlantic Financial Group LLC, which has posted a "2025 Global Atlantic Investor Presentation" on its website. This presentation is intended to provide supplemental disclosures specifically for Global Atlantic bondholders. KKR is utilizing Global Atlantic's website as a channel for distributing financial and other important information about the subsidiary. Investors should note that this information is being furnished under Regulation FD and is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. It will not be incorporated by reference into any other KKR or Global Atlantic SEC filings unless expressly stated. The focus of this filing is informational, providing access to supplemental materials for a specific stakeholder group of Global Atlantic.
KKR & Co. Inc. Quarterly Report for Q2 Ended Jun 30, 2025
KKR & Co. Inc. (KKR) reported a strong performance for the second quarter and first half of 2025, driven by growth across its Asset Management and Insurance segments. Total revenues increased significantly year-over-year, fueled by higher management and transaction fees in Asset Management, and robust net investment income from Global Atlantic, KKR's insurance arm. Despite a decrease in net premiums within the Insurance segment due to fewer reinsurance transactions, the segment's operating earnings saw an increase driven by higher investment income. Asset Management segment earnings showed robust growth, primarily from increased fee-related earnings across its Private Equity, Real Assets, and Credit and Liquid Strategies businesses, alongside strong realized performance income. The company's capital allocation-based income also saw a notable increase, reflecting positive performance in its investment vehicles. Total segment earnings grew year-over-year, indicating healthy underlying business performance. KKR's AUM and Fee Paying AUM saw substantial increases, demonstrating continued fundraising success and asset growth. The company maintained a strong liquidity position with significant cash and cash equivalents, and effective management of its debt obligations.
KKR & Co. Inc. 8-K Report, Material Agreement (Aug 7, 2025)
KKR & Co. Inc. (KKR) filed an 8-K report detailing the successful completion of a $900 million offering of 5.100% Senior Notes due 2035. These notes are unsecured and unsubordinated, guaranteed by its subsidiary KKR Group Partnership L.P. The offering, which occurred on August 7, 2025, was facilitated by an underwriting agreement with a syndicate of prominent financial institutions, including Morgan Stanley and Goldman Sachs. This debt issuance provides KKR with additional capital, likely to support its ongoing investment strategies and operational growth. The indenture includes standard covenants designed to protect noteholders, such as limitations on incurring secured debt and significant asset sales, as well as provisions for events of default and a change of control repurchase option. The fixed interest rate and long-term maturity of these notes offer a predictable cost of capital for the company over the next decade.
KKR & Co. Inc. 8-K Report, Financial Results (Jul 31, 2025)
KKR & Co. Inc. (KKR) has filed an 8-K report on July 30, 2025, announcing its financial results for the second quarter and the first six months ended June 30, 2025. The detailed earnings release, which provides specific financial performance figures, is furnished as an exhibit to this report. Investors should refer to this earnings release for a comprehensive understanding of KKR's operational and financial condition during the reported periods. While this 8-K filing itself does not contain the detailed financial results, it serves as the official notification that KKR has disclosed this information. The earnings release, Exhibit 99.1, is the primary source for data such as revenue, net income, earnings per share, assets under management, and any forward-looking guidance or commentary provided by the company's management. Investors are encouraged to review this exhibit for the latest performance metrics and strategic insights.
KKR & Co. Inc. 8-K Report, Executive Changes (Jun 23, 2025)
KKR & Co. Inc. (KKR) filed an 8-K on June 23, 2025, to report on director elections and committee appointments. All previously serving directors were re-elected to the Board of Directors by KKR Management LLP. This filing confirms the continuity of the existing board structure and leadership. Key committees, including the Audit, Conflicts, Nominating and Corporate Governance, Risk, and Executive committees, have had their members confirmed. The report also reiterates that non-employee directors will continue to receive compensation as outlined in the company's 2024 Form 10-K and have existing indemnification agreements. This filing primarily serves to formally document the continuation of the current board and committee composition, providing transparency and reassurance to investors regarding the stability of KKR's governance.
KKR & Co. Inc. 8-K Report, Material Agreement (May 28, 2025)
KKR & Co. Inc. (KKR) has announced the successful completion of a $590 million offering of 6.875% Subordinated Notes due 2065. This offering, which included an over-allotment option exercise, strengthens KKR's capital structure by issuing long-term debt with a fixed interest rate. The notes are guaranteed by KKR Group Partnership L.P. and are unsecured and subordinated obligations of the Issuer, meaning they rank below senior debt in the event of liquidation. Investors should note the long maturity profile of these notes, extending to 2065, and the fixed 6.875% coupon rate, providing a predictable income stream. The indenture governing these notes includes standard covenants that limit the ability of KKR and its subsidiaries to incur additional secured indebtedness or engage in significant asset sales or mergers, which are designed to protect noteholders. The notes are redeemable at KKR's option beginning in June 2030, with specific provisions for redemption in the event of a tax event or rating agency event.
KKR & Co. Inc. 8-K Report, Corporate Update (May 23, 2025)
KKR & Co. Inc. (KKR) has announced its intention to issue and sell $550,000,000 aggregate principal amount of 6.875% Subordinated Notes due 2065. This offering, expected to close on May 28, 2025, is a strategic move to raise capital. The Notes are guaranteed on a subordinated unsecured basis by KKR Group Partnership L.P. The underwriters also have a 30-day option to purchase an additional $82,500,000 in Notes to cover potential over-allotments, which could bring the total offering size up to $632,500,000. This debt issuance is being conducted under a previously filed registration statement, indicating a standard capital-raising activity for the company. Investors considering these Notes should note the subordinated and unsecured nature of the guarantee, which implies a higher risk profile compared to senior secured debt. The fixed coupon rate of 6.875% provides a predictable income stream, but the long maturity of 2065 means investors are locking in this rate for an extended period.
KKR & Co. Inc. Quarterly Report for Q1 Ended Mar 31, 2025
KKR & Co. Inc. reported a net loss of $185.9 million, or $(0.22) per diluted share, for the first quarter of 2025. This compares to a net income of $682.2 million, or $0.74 per diluted share, in the same period last year. The shift to a net loss was primarily driven by significant net investment-related losses within the Insurance segment, which amounted to $(1.4) billion for the quarter, a substantial increase from $(241.5) million in the prior year's first quarter. These losses were largely attributed to negative realized and unrealized gains on fixed maturity securities and derivative instruments within the Insurance segment's investment portfolio. Despite the net loss, the Asset Management segment showed strong revenue growth, with total revenues increasing to $2.05 billion from $1.96 billion in the prior year, driven by higher management and transaction fees, particularly from the Capital Markets business. Fee Related Earnings also saw a notable increase, indicating robust performance in recurring fee-generating activities. Total Assets under Management ("AUM") grew to $664.3 billion, up from $637.6 billion at the end of 2024, highlighting continued growth in the firm's managed capital across its diverse business lines. The company also completed a significant issuance of Series D Mandatory Convertible Preferred Stock during the quarter, raising $2.5 billion.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (May 7, 2025)
KKR & Co. Inc. (KKR) has filed an 8-K report on May 7, 2025, to disclose the posting of a new presentation on its website. This presentation is made available to KKR common stockholders and financial analysts, serving as a channel for distributing important financial and operational information. Investors should note that while this presentation is a key communication tool for KKR, the information contained within it is not being officially filed with the SEC for the purposes of Section 18 of the Exchange Act, nor is it automatically incorporated into other SEC filings unless specifically referenced. Investors are encouraged to visit the Investor Center on KKR's website to access this presentation for the latest company insights.
KKR & Co. Inc. 8-K Report, Financial Results (May 1, 2025)
KKR & Co. Inc. (KKR) filed an 8-K on May 1, 2025, primarily to furnish its earnings release for the first quarter ended March 31, 2025. While the 8-K itself does not contain detailed financial performance metrics, it directs investors to Exhibit 99.1, the earnings release, for this crucial information. This filing signifies the formal disclosure of KKR's quarterly financial performance, including key operational and financial condition updates, as announced by the company. Investors should refer to the accompanying earnings release for comprehensive details on revenue, earnings, assets under management, and other performance indicators. The filing serves as a procedural step to make the earnings release publicly available. It's important to note that the information furnished in this 8-K, including the earnings release, is not considered 'filed' for purposes of Section 18 of the Exchange Act, meaning it doesn't carry the same legal implications as a formally filed document. However, it remains a critical document for investors seeking to understand KKR's most recent financial results and outlook.
KKR & Co. Inc. 8-K Report, Executive Changes (Mar 13, 2025)
KKR & Co. Inc. has announced a significant update to its Board of Directors with the appointment of Timothy R. Barakett, effective March 13, 2025. This move expands the Board to fourteen members. Mr. Barakett's appointment is accompanied by standard compensation for non-executive directors, including an annual cash retainer and an equity award that vests in December 2025. The decision was formally approved by KKR Management LLP, the sole holder of the Series I preferred stock, through written consent, highlighting a key governance action for the company. This appointment suggests a strategic enhancement of the Board's expertise, though the specific contributions Mr. Barakett will make are not detailed in this filing. Investors should note the customary compensation structure, which aligns with industry practices for board members. The company has also furnished a press release detailing this announcement, which is available as an exhibit to this 8-K filing, providing further context for stakeholders interested in KKR's governance and leadership.
KKR & Co. Inc. 8-K Report, Rights Modification (Mar 7, 2025)
KKR & Co. Inc. (KKR) has announced the successful completion of an underwritten public offering of its 6.25% Series D Mandatory Convertible Preferred Stock. This offering raised approximately $2.53 billion in net proceeds after deducting underwriting discounts and expenses. The issuance of this preferred stock, totaling 51,750,000 shares with an aggregate liquidation preference of $2,587,500,000, has been formalized through the filing of a Certificate of Designations establishing its specific rights and terms. Key for investors, this mandatory convertible preferred stock is designed to automatically convert into KKR's common stock on or around March 1, 2028. The conversion ratio will be between 0.3312 and 0.4140 shares of common stock per preferred share, contingent on the volume-weighted average price of KKR's common stock during a specified trading period prior to the conversion date. Dividends on the preferred stock are payable quarterly at an annual rate of 6.25% on its $50.00 liquidation preference, with the company having the option to pay in cash, common stock, or a combination thereof. Importantly, the terms include provisions that restrict dividends or share repurchases on common stock if preferred stock dividends are not paid in full.
KKR & Co. Inc. Annual Report, Year Ended Dec 31, 2024
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.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Feb 25, 2025)
KKR & Co. Inc. (KKR) filed an 8-K on February 24, 2025, to announce the posting of a presentation on its website intended for KKR common stockholders and analysts. This presentation, made available on February 24, 2025, and accessible via KKR's Investor Center, is being used as a channel to distribute financial and other important company information. Investors should note that the content of this presentation is furnished under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other SEC filings unless expressly stated. This disclosure primarily serves to inform stakeholders about the availability of updated company materials.
KKR & Co. Inc. 8-K Report, Financial Results (Feb 4, 2025)
KKR & Co. Inc. (KKR) has filed a Current Report on Form 8-K on February 4, 2025, primarily to furnish its earnings release for the quarter and year ended December 31, 2024. While this filing does not contain new operational details within the 8-K itself, it directs investors to Exhibit 99.1, the accompanying earnings release, for comprehensive financial performance information. Investors are advised to review this furnished document for specifics regarding KKR's results, including revenue, profitability, assets under management, and any forward-looking statements or strategic commentary provided by the company for the period.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Jan 14, 2025)
KKR & Co. Inc. (KKR) has filed an 8-K report detailing significant legal actions related to Hart-Scott-Rodino (HSR) Act filings. On January 14, 2025, KKR filed a complaint against the U.S. Department of Justice (DOJ) Antitrust Division and the Federal Trade Commission (FTC), alleging unconstitutional vagueness and excessive fines concerning their interpretations of the HSR Act for certain 2021 and 2022 transactions. Simultaneously, the DOJ filed its own civil antitrust complaint against KKR and its sponsored entities, alleging HSR Act violations and seeking civil penalties and equitable relief, including disgorgement and injunctions against future violations. KKR states it has cooperated in good faith for three years, asserting that its filings provided necessary information and that any alleged "paperwork errors" were inadvertent, not intentional circumvention of antitrust review. The company views the DOJ's actions as "government agency overreach" and is taking this legal step reluctantly, hoping an independent arbiter will foster a more fact-based approach. KKR intends to defend itself vigorously against the DOJ's complaint. Investors should monitor developments in these legal proceedings, as they could impact regulatory scrutiny and potential financial penalties for KKR.
KKR & Co. Inc. Quarterly Report for Q3 Ended Sep 30, 2024
KKR & Co. Inc. reported a strong third quarter and first nine months of 2024, demonstrating robust growth across its diverse business segments. The company's Asset Management division saw significant increases in Fee Related Earnings driven by higher transaction and management fees, particularly in its Private Equity and Capital Markets businesses. The Insurance segment, operated by Global Atlantic, also performed well with increased net investment income and expanded AUM, bolstered by the full consolidation of Global Atlantic following the acquisition of remaining minority interests. Strategic Holdings contributed positively, reflecting KKR's growing direct investments in private equity strategies. Overall, KKR reported substantial year-over-year growth in Total Segment Earnings and Adjusted Net Income, underscoring the effectiveness of its diversified business model and strategic capital deployment.
KKR & Co. Inc. 8-K Report, Financial Results (Oct 24, 2024)
KKR & Co. Inc. (KKR) has filed a Form 8-K on October 24, 2024, to report its financial results for the third quarter and the first nine months of 2024, ending September 30, 2024. The core of this filing is an earnings release, furnished as Exhibit 99.1, which contains the detailed financial performance data. Investors should refer to this earnings release for specific metrics, revenue figures, profitability, and any forward-looking statements or guidance provided by the company.
KKR & Co. Inc. 8-K Report, Bylaw Amendment (Aug 9, 2024)
KKR & Co. Inc. (KKR) filed an 8-K report on August 8, 2024, detailing significant amendments to its corporate governance documents. The company amended and restated its certificate of incorporation and bylaws, effective August 5, 2024. Key changes include exculpating company officers from monetary damages for breach of fiduciary duty, removing indemnification rights for non-subsidiary affiliates, and eliminating the previously outstanding Series C Mandatory Convertible Preferred Stock. These amendments aim to streamline corporate structure and clarify governance responsibilities. The elimination of the Series C Preferred Stock and the restoration of authorized preferred shares are notable financial housekeeping items. The exculpation of officers, approved by the Conflicts Committee with affected officers recused, is a governance enhancement designed to attract and retain talent by mitigating certain personal liabilities. Investors should note these changes are primarily internal governance adjustments and do not appear to represent a material negative impact on common stockholders.
KKR & Co. Inc. Quarterly Report for Q2 Ended Jun 30, 2024
KKR & Co. Inc. (KKR) reported strong financial results for the second quarter and first half of 2024, driven by robust growth across its Asset Management and Insurance segments. Total revenues increased significantly year-over-year, reflecting higher management and transaction fees, and increased net investment income from Global Atlantic. The company's Adjusted Net Income and Total Segment Earnings demonstrated substantial year-over-year growth, indicating effective operational performance. The Strategic Holdings segment, newly reported this quarter, contributed positively with dividend income. KKR's AUM and FPAUM saw healthy increases, reflecting successful capital raising and deployment across its various strategies. Despite some macroeconomic headwinds, KKR's diversified business model and disciplined investment approach continue to drive solid financial performance, positioning the company favorably for future growth.
KKR & Co. Inc. 8-K Report, Financial Results (Jul 31, 2024)
KKR & Co. Inc. (KKR) has filed a Current Report on Form 8-K on July 30, 2024, to announce its financial results for the quarter and six months ended June 30, 2024. The company issued an earnings release on July 31, 2024, which is furnished as an exhibit to this filing. Investors should refer to this earnings release for detailed financial performance and operational updates for the period. This report does not contain new financial statements or other material disclosures beyond what is presented in the furnished earnings release. As per SEC regulations, the information furnished in this Item 2.02 and its exhibit is not considered "filed" and therefore does not carry the same legal implications as a formally filed document, unless expressly incorporated by reference into other SEC filings. Investors are encouraged to review the earnings release directly for comprehensive insights into KKR's recent financial condition and results of operations.
KKR & Co. Inc. 8-K Report, Executive Changes (Jul 22, 2024)
KKR & Co. Inc. (KKR) filed an 8-K on July 22, 2024, primarily to announce the election of its existing Board of Directors. All thirteen directors, including key figures like Henry R. Kravis, George R. Roberts, Joseph Y. Bae, and Scott C. Nuttall, were re-elected. This filing confirms the continuity of leadership and governance structure within the company, assuring investors that the established board will continue to oversee KKR's operations and strategic direction. The report also details the composition of key board committees, including the Audit Committee, Risk Committee, Conflicts Committee, Nominating and Corporate Governance Committee, and Executive Committee. This provides transparency on the oversight mechanisms in place. The filing reiterates that these non-employee directors will continue to receive compensation under the existing director compensation program and are covered by the company's indemnification agreements, suggesting no immediate changes to director compensation or liability arrangements.
KKR & Co. Inc. 8-K Report, Material Agreement (Jul 10, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report detailing the execution of a Third Amended and Restated Credit Agreement on July 3, 2024. This agreement effectively restates and amends a prior credit facility, establishing a senior unsecured multicurrency revolving credit facility with an initial aggregate principal amount of $2.75 billion. The facility includes an option to increase the amount by an additional $750 million, bringing the total potential borrowing capacity to $3.50 billion, subject to lender commitments. The credit facility is set for a five-year term, maturing on July 3, 2029, with a possibility for extension and the ability for KKR to prepay, terminate, or reduce commitments without penalty. This facility is crucial for KKR's ongoing corporate finance activities, providing flexibility for general corporate purposes in various currencies. The agreement incorporates key financial covenants, including a maximum leverage ratio of not greater than 4.0x covenant EBITDA (with specific exclusions for certain subsidiaries like KKR Financial Holdings LLC and Global Atlantic) and a minimum of $150 billion in fee-paying assets under management. These covenants, along with other customary provisions, ensure financial discipline and provide assurance to lenders. The credit facility is guaranteed by KKR & Co. Inc. and other entities that guarantee specified senior notes, strengthening the overall creditworthiness of the facility.
KKR & Co. Inc. 8-K Report, Corporate Update (Jun 14, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report to announce details regarding its upcoming 2024 Annual Meeting of Stockholders. The meeting is scheduled for Monday, July 22, 2024, at 9:00 a.m. Eastern Time and will be conducted exclusively in a virtual format. This filing is important for shareholders to note the record date for determining who is eligible to attend, which is June 24, 2024. Interested stockholders must register between June 24, 2024, and July 18, 2024, by emailing Investor-Relations@kkr.com with specific ownership details.
KKR & Co. Inc. 8-K Report, Material Agreement (May 30, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report detailing a significant debt financing transaction. On May 30, 2024, an indirect subsidiary, KKR Group Finance Co. XI LLC, completed the offering of approximately ¥81.8 billion (roughly $525 million USD at current approximate exchange rates) in senior notes across five different maturity tranches, ranging from 2029 to 2054. These notes carry varying interest rates, from 1.559% to 3.008%. The offering is backed by guarantees from KKR & Co. Inc. and KKR Group Partnership L.P. The proceeds from this offering are designated for general corporate purposes, indicating a strategic move to bolster the company's liquidity and financial flexibility. The notes are unsecured and unsubordinated obligations, and the indenture includes standard covenants related to indebtedness, mergers, and asset sales, as well as provisions for events of default and change of control repurchases. This issuance diversifies KKR's debt maturity profile and provides capital to support its ongoing operations and growth initiatives.
KKR & Co. Inc. Quarterly Report for Q1 Ended Mar 31, 2024
KKR & Co. Inc. (KKR) reported a strong first quarter of 2024, with total GAAP revenues of $9.66 billion, a significant increase of 208% year-over-year, driven by robust performance in both its Asset Management and Insurance segments. Asset Management revenue rose 3% to $1.96 billion, bolstered by a substantial 205% increase in Capital Allocation-Based Income, largely due to strong investment performance across various funds. The Insurance segment, operated by Global Atlantic, saw its revenues surge by 285% to $7.70 billion, primarily driven by a significant increase in Net Premiums, reflecting new reinsurance transactions and growth in new business volumes. This segment also benefited from higher Net Investment Income, up 18% year-over-year, supported by increased assets under management and higher portfolio yields. Net income attributable to KKR & Co. Inc. common stockholders more than doubled to $682.2 million, or $0.74 per diluted share, up from $322.7 million, or $0.36 per diluted share, in the prior year's quarter. This performance reflects the company's diversified business model and effective deployment of capital across its investment strategies.
KKR & Co. Inc. 8-K Report, Financial Results (May 1, 2024)
KKR & Co. Inc. (KKR) filed an 8-K on May 1, 2024, to report its financial results for the first quarter ended March 31, 2024. The core of this filing is the furnishing of its earnings release, which provides investors with details on the company's performance during the period. Investors should refer to the earnings release (Exhibit 99.1) for a comprehensive understanding of KKR's operational and financial condition. While the 8-K itself is procedural, it signals the release of crucial quarterly data. The earnings release will contain key metrics such as assets under management (AUM), distributable earnings, fee-related earnings, and investment income. These figures are vital for assessing KKR's growth trajectory, profitability, and its ability to generate value for shareholders in the current economic environment.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Apr 10, 2024)
KKR & Co. Inc. (KKR) filed an 8-K on April 10, 2024, to disclose that it posted a presentation on its website for its Investor Day event scheduled for the same date. This presentation is intended for KKR common stockholders and analysts and provides information about the company. Investors are encouraged to review this presentation for insights into KKR's strategic initiatives, financial performance, and future outlook, as KKR utilizes its website as a channel for distributing important company information.
KKR & Co. Inc. 8-K Report, Material Agreement (Apr 10, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report detailing significant updates to its capital markets business financing. The company, through its subsidiaries KKR Capital Markets Holdings L.P. and other capital market entities, has entered into new revolving credit agreements. These agreements are crucial for facilitating debt transactions within KKR's capital markets segment and are structured to be non-recourse to the broader KKR organization, thereby isolating financial risk. Investors should note that these facilities are secured by specific assets of the capital markets subsidiaries. The filing announces the establishment of a new $750 million 364-day revolving credit agreement, replacing a similar prior agreement, and the amendment and restatement of a $750 million 5-year revolving credit agreement. Both facilities are provided by Mizuho Bank, Ltd. and its lenders. The 364-day facility expires in April 2025, while the 5-year facility extends to April 2029. The terms include variable interest rates based on SOFR, EURIBOR, or SONIA, plus applicable margins, with specific provisions for ABR loans. The capital structure and terms are designed to support KKR's ongoing capital markets activities.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Mar 27, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report to disclose a new presentation regarding its segment and non-GAAP financial measures. This presentation, made available on March 27, 2024, introduces a revised reporting framework that KKR intends to adopt starting with the first quarter of 2024. Investors and analysts can access this updated information via KKR's Investor Center website. It is important to note that these changes affect how KKR presents its segment and non-GAAP data, but they do not alter KKR's historical consolidated U.S. GAAP financial results.
KKR & Co. Inc. 8-K/A Report, Exhibit Filing (Mar 8, 2024)
KKR & Co. Inc. filed an 8-K/A amendment on March 7, 2024, to provide updated information regarding the acquisition of Global Atlantic. The filing clarifies that separate financial statements for Global Atlantic are not required due to its consistent inclusion in KKR's consolidated audited financial statements for over a year. The amendment focuses on pro forma adjustments, presenting a narrative instead of full financial statements due to the limited nature of these adjustments. This provides investors with an illustration of the potential financial impact of the acquisition under different scenarios, emphasizing that these figures are for informational purposes and not necessarily indicative of future results.
KKR & Co. Inc. Annual Report, Year Ended Dec 31, 2023
KKR & Co. Inc. reported strong financial performance in its 2023 10-K filing, driven by robust growth in its asset management and insurance segments. The company's Assets Under Management (AUM) reached $552.8 billion, reflecting successful capital raising efforts across its Private Equity, Real Assets, and Credit and Liquid Strategies businesses. The Asset Management segment saw increased management fees, particularly in Private Equity and Credit, benefiting from new capital raised and higher market interest rates. The Insurance segment, operated by Global Atlantic, also demonstrated significant growth, with net investment income increasing substantially due to higher average assets under management and improved portfolio yields. Both segments contributed positively to the company's overall financial health, with KKR & Co. Inc. reporting a significant net income attributable to common stockholders for the year. The company also highlighted its commitment to returning capital to shareholders through its share repurchase program and its planned quarterly dividend of $0.175 per share.
KKR & Co. Inc. 8-K Report, Financial Results (Feb 6, 2024)
KKR & Co. Inc. (KKR) has filed an 8-K report on February 6, 2024, primarily to furnish its earnings release for the quarter and year ended December 31, 2023. While this filing itself does not contain detailed financial data, it serves as the official notification that KKR has made its fourth-quarter and full-year 2023 results publicly available through the accompanying earnings release, furnished as Exhibit 99.1. Investors should refer to this exhibit for comprehensive details on the company's financial performance, operational highlights, and forward-looking statements for the period. The information provided is furnished, not filed, meaning it's for informational purposes and not subject to the liabilities of Section 18 of the Exchange Act unless specifically incorporated into a future filing.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Jan 22, 2024)
KKR & Co. Inc. (KKR) filed an 8-K on January 22, 2024, to disclose the posting of a presentation on its website intended for KKR common stockholders and analysts. This presentation, made available on January 22, 2024, offers KKR's latest information and is accessible via the Investor Center on their corporate website. The company utilizes its website as a key channel for disseminating financial and other material updates.
KKR & Co. Inc. 8-K Report, Acquisition Completed (Jan 2, 2024)
KKR & Co. Inc. (KKR) has officially completed its acquisition of the remaining 36.7% stake in The Global Atlantic Financial Group LLC (Global Atlantic) on January 2, 2024. This transaction, valued at approximately $2.6 billion in cash (subject to adjustments), brings Global Atlantic fully under KKR's ownership as a wholly-owned subsidiary. This move signifies a significant step in KKR's strategy, consolidating its control over a key strategic asset. While the acquisition has closed, investors should note that the full pro forma financial impact will be disclosed in a future amendment, expected within 71 days. Global Atlantic's existing debt obligations remain with the Global Atlantic entities and are not being assumed by KKR.
KKR & Co. Inc. 8-K Report, Executive Changes (Dec 14, 2023)
KKR & Co. Inc. (KKR) filed an 8-K on December 13, 2023, disclosing two key personnel changes. Dane Holmes has resigned from the Board of Directors, effective December 13, 2023. This resignation is in connection with his upcoming appointment to a new role within the company. Earlier in the year, Mr. Holmes had also stepped down from the Audit Committee. The company also announced, via a press release furnished on December 14, 2023, that Dane Holmes will assume the role of Chief Administrative Officer (CAO) effective December 29, 2023. This move signals a shift for Mr. Holmes from oversight on the board to operational management within KKR.
KKR & Co. Inc. 8-K Report, Material Agreement (Nov 29, 2023)
KKR & Co. Inc. (KKR) has filed an 8-K report announcing a material definitive agreement to acquire the remaining 36.7% of Global Atlantic Financial Group LLC (Global Atlantic) that it does not currently own. This transaction, structured as a merger of KKR's subsidiary Merger Sub with Global Atlantic, will make Global Atlantic a wholly-owned subsidiary of KKR. The acquisition is expected to close in the first quarter of 2024, with an aggregate cash purchase price estimated at approximately $2.7 billion, subject to certain adjustments based on Global Atlantic's book value. This move signifies KKR's full consolidation of its highly successful insurance and retirement services business, Global Atlantic. While KKR will acquire the minority stake in cash, certain Global Atlantic employees are expected to roll over a majority of their equity interests into KKR equity, aligning their long-term incentives with KKR. The outstanding debt of Global Atlantic will remain with Global Atlantic entities and will not be assumed by KKR. The filing also includes a joint press release and a presentation discussing the merger and other strategic initiatives, underscoring the significance of this step for KKR's strategic growth and operational integration.
KKR & Co. Inc. Quarterly Report for Q3 Ended Sep 30, 2023
KKR & Co. Inc. reported strong financial results for the third quarter of 2023, demonstrating significant growth and profitability across its asset management and insurance segments. The company's total assets grew to $288.7 billion, driven by robust performance in its investments and insurance operations. Asset management saw a substantial increase in both AUM and fee-related earnings, fueled by successful fundraising and strong investment performance, particularly in private equity and credit strategies. The insurance segment, primarily Global Atlantic, also exhibited positive trends with growth in net investment income and stable policy fee revenues. Despite an increase in net policy benefits and claims, the segment's operating earnings showed a healthy increase, reflecting effective management of insurance liabilities and investment strategies. Overall, KKR's diversified business model, encompassing both alternative asset management and insurance solutions, contributed to a significant increase in net income attributable to KKR & Co. Inc. common stockholders, reflecting strong operational execution and favorable market conditions.
KKR & Co. Inc. 8-K Report, Financial Results (Nov 7, 2023)
KKR & Co. Inc. (KKR) has filed an 8-K report on November 7, 2023, to announce its financial results for the third quarter and the first nine months of 2023, as detailed in an earnings release dated November 7, 2023. This filing serves as a notification to investors regarding the company's performance during the period ended September 30, 2023. While the 8-K itself doesn't contain the detailed financial figures, it directs investors to Exhibit 99.1, the earnings release, for comprehensive information. This release is crucial for understanding KKR's operational and financial condition, including key performance indicators, revenue, profitability, and any forward-looking statements the company may have made regarding its outlook. Investors should refer to the furnished earnings release for specific details on the company's financial results.
KKR & Co. Inc. 8-K Report, Executive Changes (Sep 25, 2023)
KKR & Co. Inc. (KKR) announced a significant addition to its Board of Directors with the appointment of Kimberly A. Ross on September 20, 2023. This appointment, approved by the sole holder of the Series I preferred stock, increases the total number of directors to fourteen. The addition of Ms. Ross, a seasoned professional, is expected to bring valuable expertise to the company's governance and strategic oversight. Ms. Ross's compensation for her role as a non-executive director includes a $130,000 annual cash retainer and an annual equity grant valued at $190,000. The equity grant, to be determined in restricted stock units on October 2, 2023, will vest on October 1, 2024. Investors can view the official announcement of this appointment through the furnished press release as Exhibit 99.1 to the 8-K filing.
KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Sep 11, 2023)
KKR & Co. Inc. (KKR) filed an 8-K on September 11, 2023, to disclose information presented at the Barclays Financial Services Conference. The filing indicates that KKR posted a presentation on its website on September 11, 2023, which was to be delivered at the conference later that day. This presentation likely contains updates on the company's performance, strategic initiatives, and outlook, providing investors with insights into KKR's business and future prospects. While the 8-K itself does not contain the substantive details of the presentation, it serves as an official notification that such information is being made available to the public. Investors interested in KKR's latest developments should access the presentation directly through KKR's Investor Center on their website, as referenced in the filing. The company also noted that it uses its website and Global Atlantic's website as channels for distributing important financial and other information.
KKR & Co. Inc. Quarterly Report for Q2 Ended Jun 30, 2023
KKR & Co. Inc. reported its financial results for the second quarter ended June 30, 2023. The company demonstrated strong performance across its asset management and insurance segments, with total revenues significantly increasing year-over-year. The asset management segment saw robust growth in fee-related earnings, driven by higher management and transaction fees, despite a decrease in realized performance income due to market conditions affecting carried interest. The insurance segment, operated by Global Atlantic, also showed improvement with higher net investment income, benefiting from increased assets under management and higher market interest rates. Overall, the company reported a net income attributable to KKR & Co. Inc. common stockholders of $844.5 million, a substantial turnaround from a net loss in the prior year's comparable quarter. The company also continued its share repurchase program, demonstrating a commitment to returning capital to shareholders. Key financial highlights include a strong increase in Fee Related Earnings in the Asset Management segment, driven by growth in management and transaction fees, and higher net investment income in the Insurance segment due to increased assets under management and higher yields. The company's robust capital position and strategic capital deployment across its diverse business lines position it well for continued growth. Investors should note the significant swing from a net loss in Q2 2022 to a net profit in Q2 2023, underscoring a positive operational performance trajectory.