Group 1 - KKR & Co. Inc. has experienced a decline of approximately 20% in share value over the past year, primarily due to concerns regarding private credit overshadowing potential deregulatory benefits [1] - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]

Financial Performance - Total revenues for Q3 2025 reached $5,525,975, an increase from $4,791,696 in Q3 2024, representing a growth of 15.3%[36] - Net income attributable to KKR & Co. Inc. for Q3 2025 was $859,927, compared to $600,550 in Q3 2024, reflecting a year-over-year increase of 43%[38] - Total investment income for Q3 2025 was $1,697,857, up from $1,598,873 in Q3 2024, marking a growth of 6.2%[37] - KKR reported a net income of $3,878,784 for the nine months ended September 30, 2025, compared to $3,521,754 for the same period in 2024, reflecting an increase of approximately 10.2%[46] - The company reported a total capital allocation-based income of $2,708,601 for the nine months ended September 30, 2025, down from $3,164,491 in 2024, a decrease of 14.4%[78] - The company reported a total asset loss of $489.77 million for the nine months ended September 30, 2025, compared to a loss of $104.72 million for the same period in 2024, indicating a significant decline in asset performance[195] Assets and Liabilities - Total assets increased to $398,480,928 as of September 30, 2025, up from $360,099,411 on December 31, 2024, representing a growth of approximately 10.5%[27] - Total liabilities grew to $323,078,973, compared to $298,114,719 at the end of 2024, marking an increase of about 8.4%[28] - Stockholders' equity increased to $73,041,559 as of September 30, 2025, up from $60,399,515, indicating a growth of approximately 21%[28] - Total assets for Asset Management and Strategic Holdings increased to $64,358,457, up from $62,997,409, reflecting a growth of approximately 2.16%[170] - Total assets across all segments reached $100,835,381, reflecting a significant increase from $94,734,983[170] - Total liabilities for Asset Management and Strategic Holdings increased from $98,327 million to $103,926 million, reflecting a change of $5,599 million[179] Investments - Investments rose to $118,617,813, an increase of 11.5% from $106,453,051 as of December 31, 2024[27] - The total investments in insurance increased to $186,499,370, up from $170,144,744, representing a growth of approximately 9.6%[27] - Total investments increased to $305.12 billion as of September 30, 2025, up from $276.60 billion on December 31, 2024, representing a growth of 10.3%[90] - KKR's investments purchased in insurance totaled $69,675,125 for the nine months ended September 30, 2025, compared to $60,261,313 in 2024, reflecting an increase of about 15.5%[49] Cash and Cash Equivalents - Cash and cash equivalents in asset management and strategic holdings increased to $13,561,041, up from $8,535,048, reflecting a growth of 58.5%[27] - Cash, cash equivalents, and restricted cash increased to $22,886,489 at the end of the period, up from $14,962,439 in the prior year, representing a growth of approximately 52.9%[47] Earnings Per Share - Basic earnings per share for Q3 2025 were $0.97, up from $0.68 in Q3 2024, representing a growth of 42.6%[38] Expenses - Total expenses for Q3 2025 were $5,024,271, compared to $4,746,005 in Q3 2024, which is an increase of 5.9%[36] - The company reported net investment-related gains of $351,800 in Q3 2025, a recovery from a loss of $(235,971) in Q3 2024[36] Insurance Segment - Net premiums in the insurance segment for Q3 2025 were $1,059,610, significantly higher than $621,218 in Q3 2024, indicating a growth of 70.6%[36] - The company reported net policy benefits and claims amounted to $7.58 billion, a decrease from $11.88 billion in the same period of 2024[209] Goodwill and Intangible Assets - The carrying value of Goodwill increased to $544,871 million as of September 30, 2025, from $509,561 million as of December 31, 2024, reflecting a growth of approximately 6.9%[218] - The company reported a total insurance intangible asset balance of $5.59 billion as of September 30, 2025, compared to $5.20 billion at the end of 2024, indicating an increase in intangible assets[196] Reinsurance and Collateral - As of September 30, 2025, Global Atlantic held $47.4 billion in collateral for its reinsurers, compared to $46.6 billion as of December 31, 2024[209] - The total credit exposure associated with reinsurance recoverable and funds withheld as of September 30, 2025, was $4.26 billion, slightly down from $4.35 billion as of December 31, 2024[205] Accounting Standards and Compliance - The adoption of ASU 2024–01 regarding stock compensation did not have a material impact on KKR's consolidated financial statements[72] - KKR is evaluating the impact of ASU 2023–09 on its consolidated financial statements, which aims to enhance income tax disclosures[73] Market Conditions and Valuation - The average price per barrel of oil equivalent (BOE) in the Energy sector is $42.40, with a range of $41.05 to $45.25, suggesting an increase in valuation[183] - The corporate fixed securities have a fair value of $14,838,670, with a discount spread of 2.3%, suggesting a decrease in valuation[184]

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KKR集团 （KKR） 周五尾盘上涨1.9%，该公司报告2025年第三季度：通用会计准则每股收益0.90美元 未达1.82美元预期；营收55.3亿美元超23.6亿美元预期。 来源：环球市场播报 ...

The private-markets managers leaders sought to counter the gloomy headlines that have dampened the mood of many private-equity investors. ...

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KKR executives signaled optimism for investment returns and dealmaking on Friday and sought to allay concerns about slower private equity fundraising, deal volume and credit defaults saying there was ... ...

Core Insights - KKR & Co. Inc. reported a third-quarter 2025 adjusted net income per share of $1.41, exceeding the Zacks Consensus Estimate of $1.29 and increasing from $1.38 in the prior-year quarter [1][9] - The company's shares rose nearly 2.2% in pre-market trading following the positive results [1] - The growth in assets under management (AUM) and transaction fees in the capital markets business were key drivers of the results, although rising expenses posed a challenge [1] Financial Performance - Net income attributable to KKR on a GAAP basis was $859.9 million, up from $600.6 million in the same quarter last year [2] - Total segment revenues reached $1.46 billion, a 3.4% increase year-over-year, driven by higher management fees and transaction-related revenues, surpassing the Zacks Consensus Estimate by 6.9% [3] - Total segment expenses rose by 3.9% to $431.9 million [3] - Total operating earnings grew 12% year-over-year to $1.4 billion, while fee-related earnings increased by 3% to $1 billion [5] Assets Under Management - As of September 30, 2025, total AUM increased by 16% year-over-year to $723 billion, with fee-paying AUM also rising by 16% to $585 billion [4] Strategic Outlook - The company is expected to continue capitalizing on lucrative investment opportunities due to its effective fundraising capabilities [6] - Significant growth in fee-related and total operating earnings is enhancing the company's financial position, although elevated expenses from global expansion and a challenging operating environment are concerns [6]

For the quarter ended September 2025, KKR & Co. Inc. (KKR) reported revenue of $1.46 billion, up 3.4% over the same period last year. EPS came in at $1.41, compared to $1.38 in the year-ago quarter.The reported revenue represents a surprise of +6.9% over the Zacks Consensus Estimate of $1.37 billion. With the consensus EPS estimate being $1.29, the EPS surprise was +9.3%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

KKR (NYSE:KKR) Q3 2025 Earnings Call November 07, 2025 09:00 AM ET Company ParticipantsScott Nuttall - Co-CEORob Lewin - CFOCraig Larson - Head of Investor RelationsConference Call ParticipantsPatrick Devitt - AnalystBen Budish - Equity Research AnalystBrian McKenna - AnalystBill Katz - Senior Equity AnalystJohn Barnidge - Managing Director and Senior Research AnalystBrian Bedell - AnalystMichael Cyprys - Equity AnalystNone - AnalystGlenn Schorr - Senior Research AnalystSteven Chubak - Managing Director and ...