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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net Premiums $ 730,242 $ 935,794 $ 1,053,606 $ 6,972,316
Net Investment Income 1,863,346 1,580,498 3,646,626 3,100,400
Total Revenues 5,088,843 4,171,910 8,199,026 13,828,648
Expenses        
Total Expenses 4,746,444 3,946,329 8,577,399 13,259,273
Investment Income (Loss) - Asset Management and Strategic Holdings        
Net Gains (Losses) from Investment Activities 747,734 392,667 1,834,325 1,030,829
Dividend Income 336,143 471,349 610,033 716,406
Interest Income 809,883 903,861 1,595,740 1,793,963
Interest Expense (707,391) (783,253) (1,361,890) (1,537,317)
Total Investment Income (Loss) 1,186,369 984,624 2,678,208 2,003,881
Income (Loss) Before Taxes 1,528,768 1,210,205 2,299,835 2,573,256
Income Tax Expense (Benefit) 174,304 216,969 260,873 486,170
Net Income (Loss) 1,354,464 993,236 2,038,962 2,087,086
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests 68,175 29,666 76,669 62,344
Net Income (Loss) Attributable to Noncontrolling Interests 776,166 295,644 1,638,094 674,602
Net Income (Loss) Attributable to KKR & Co. Inc. 510,123 667,926 324,199 1,350,140
Series D Mandatory Convertible Preferred Stock Dividends 37,736 0 37,736 0
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders $ 472,387 $ 667,926 $ 286,463 $ 1,350,140
Common Stock        
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock        
Basic (in dollars per share) $ 0.53 $ 0.75 $ 0.31 $ 1.52
Diluted (in dollars per share) $ 0.50 $ 0.72 $ 0.29 $ 1.45
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 890,716,083 887,394,513 889,488,212 886,200,169
Diluted (in shares) 954,209,566 932,046,386 955,811,238 928,593,777
Asset Management and Strategic Holdings        
Revenues        
Fees and Other $ 924,434 $ 822,324 $ 1,811,244 $ 1,515,850
Capital Allocation-Based Income (Loss) 910,732 738,125 2,069,837 2,001,067
Total Revenues 1,835,166 1,560,449 3,881,081 3,516,917
Expenses        
Compensation and Benefits 1,077,597 895,165 2,410,700 2,211,613
Occupancy and Related Charges 34,640 23,306 69,105 46,846
General, Administrative and Other 323,997 304,489 624,329 582,470
Total Expenses 1,436,234 1,222,960 3,104,134 2,840,929
Insurance        
Revenues        
Net Premiums 730,242 935,794 1,053,606 6,972,316
Policy Fees 334,974 333,900 673,447 662,847
Net Investment Income 1,863,346 1,580,498 3,646,626 3,100,400
Net Investment-Related Gains (Losses) 239,151 (302,620) (1,197,186) (544,106)
Other Income 85,964 63,889 141,452 120,274
Total Revenues 3,253,677 2,611,461 4,317,945 10,311,731
Expenses        
General, Administrative and Other 208,416 180,697 389,981 364,552
Net Policy Benefits and Claims (including market risk benefit (gain) loss of $(10,867) and $210,527, and $11,790 and $(89,970), for the three and six months ended June 30, 2025 and 2024, respectively; remeasurement (gain) loss on policy liabilities: $— and $42,252, for the three and six months ended June 30, 2025, respectively.) 2,791,705 2,199,160 4,499,999 9,460,229
Amortization of Policy Acquisition Costs 80,800 32,808 178,771 29,056
Interest Expense 70,830 65,750 140,401 120,317
Insurance Expenses 158,459 244,954 264,113 444,190
Total Expenses $ 3,310,210 $ 2,723,369 $ 5,473,265 $ 10,418,344