Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
KKR's own profit rose as total profit fell
Outside investors in consolidated funds took far less of the gains, so KKR kept more of a smaller total.
For investorsWhat KKR's earnings depend on from here
For foundersThe playbook behind permanent capital
The insurer earns mainly from investing policyholder money, so its profit is a spread between asset yields and crediting rates.
Capital committed but not yet earning fees switches on later, while older funds step down, so growth depends on new raises outrunning roll-off.
Global Atlantic's assets give the asset manager a fee base that does not depend on the next fundraising cycle.
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Business Lens describes KKR from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
