As of June 30, 2025, KKR said its Private Equity business line had $214.6 billion of AUM, Real Assets had $179.4 billion, and Credit and Liquid Strategies had $291.8 billion.

1. 01

   As of June 30, 2025, KKR said its Private Equity business line had $214.6 billion of AUM, Real Assets had $179.4 billion, and Credit and Liquid Strategies had $291.8 billion.

2. 02

   For the 6 months ended June 30, 2025, total operating earnings increased compared to the prior period, the company said, citing higher fee related earnings and insurance operating earnings, partially offset by lower strategic holdings operating earnings.

3. 03

   KKR cited an increase in net investment income due to higher average assets under management and higher portfolio yields as factors for the increase in insurance operating earnings for the 6 months. Strategic Holdings segment earnings were lower compared to the prior period due to a lower level of dividends from companies owned by KKR through its participation in the core private equity strategy, the company said.

4. 04

   As of June 30, 2025, KKR said 94% of Global Atlantic's available-for-sale fixed maturity securities were considered investment grade under NAIC ratings and 89% under NRSRO ratings, compared to 95% and 88%, respectively, as of December 31, 2024.

Key figures

Quarter ended June 30, 2025

Revenue

$5.1B

Net income

$510M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.