KKR & Co. (KKR) FY2025 10-K Annual Report
KKR & Co. (KKR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
KKR & Co. FY2025 10-K Analysis
Business Overview
- • Global alternative asset manager with integrated insurance (Global Atlantic), capital markets, and Strategic Holdings segments; earns management fees, carried interest, and insurance spread income
- • Capital Group partnership launched two fixed income public-private solutions in April 2025; additional offerings in development targeting retirement savers via target date funds and public-private model portfolios
Management Discussion & Analysis
- • Asset Management revenue $7.84B, up $623M YoY; management fees surged $639M to $4.1B driven by North America Fund XIV and infrastructure K-Series
- • Asset Management Segment Earnings $4.55B vs $4.33B; FRE margin not explicitly stated but FRE rose $447M to $3.71B; Insurance Operating Earnings $1.11B vs $1.01B; net income attributable to KKR common stockholders fell to $2.25B from $3.08B due to higher insurance realized losses
Risk Factors
- • NAIC/state insurance regulators intensifying scrutiny of CLO capital charges, affiliated investments, and investment management agreements tied to alternative asset manager-owned insurers
- • Ongoing Russia-Ukraine war, China geopolitical tensions, and rising tariffs threaten cross-border capital flows and portfolio company margins globally
KKR & Co. FY2025 Key Financial MetricsXBRL
Revenue
$19.5B
▼ -11.0% YoY
Net Income
$2.4B
▼ -22.9% YoY
Net Margin
12.2%
▼ -188bp YoY
ROE
7.7%
▼ -534bp YoY
Total Assets
$410.1B
▲ +13.9% YoY
Operating Cash Flow
$478M
▼ -92.8% YoY
Source: XBRL data from KKR & Co. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other KKR & Co. Annual Reports
Get deeper insights on KKR & Co.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.