KKR said Fee Related Earnings for Q1 2024 rose $669 million, up 22% from a year earlier. Total Operating Earnings increased $962 million, up 28%, and Adjusted Net Income grew $864 million, up 20%.

1. 01

   KKR said Fee Related Earnings for Q1 2024 rose $669 million, up 22% from a year earlier. Total Operating Earnings increased $962 million, up 28%, and Adjusted Net Income grew $864 million, up 20%.

2. 02

   The company said Assets Under Management as of March 31, 2024 were $578 billion and Fee Paying AUM was $471 billion, each up 13% from a year earlier. It said new capital raised in Q1 totaled $31 billion.

3. 03

   The company said it closed the acquisition of the remaining minority stake in Global Atlantic on January 2, 2024. It said it will report results in 3 segments starting this quarter: Asset Management, Insurance and Strategic Holdings.

4. 04

   The company said GAAP net income attributable to KKR common stockholders for Q1 2024 was $0.7 billion, or $0.74 per diluted share. It said it declared a regular quarterly dividend of $0.175 per share.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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