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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading symbol(s)
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Name of each exchange on which
registered
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Emerging growth company
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☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 9.01. |
Financial Statements and Exhibits.
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As of December 31, 2023, Cash and Cash Equivalents for KKR’s Asset Management (GAAP Basis) and
KKR & Co. Inc. Stockholders’ Equity (GAAP Basis) would have been reduced by $2.6 billion and $2.2 billion, respectively, while Noncontrolling Interests would have decreased by $0.4 billion. KKR & Co. Inc. Stockholders’
Equity (GAAP Basis) would have decreased because Global Atlantic had a negative Accumulated Comprehensive Income balance, primarily due to unrealized losses
on its available-for-sale fixed maturity investment portfolio. KKR believes that substantially all of these unrealized losses should not be realized as Global Atlantic intends to hold these investments until recovery of the losses,
which may be at maturity, as part of its asset liability cash-flow matching strategy.
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For the year ended December 31, 2023, Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders (GAAP Basis) would have increased from $3.7 billion
to $3.8 billion, representing the reallocation of Net Income from Noncontrolling Interests to KKR & Co. Inc. Common Stockholders in the period, which would have resulted in Net Income (Loss) Attributable to KKR & Co. Inc. Per
Share of Common Stock (Basic) to increase from $4.24 to $4.33.
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KKR & CO. INC.
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Date: March 8, 2024
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By:
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/s/ Robert H. Lewin
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Name:
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Robert H. Lewin
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Title:
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Chief Financial Officer
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