KKR & Co. (KKR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
Financial SummaryXBRL
Revenue
$19.5B
Net Income
$2.4B
Net Margin
12.2%
ROE
7.7%
Total Assets
$410.1B
Operating Cash Flow
$478M
Source: XBRL data from KKR & Co. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other KKR & Co. Annual Reports
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