KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter

NEW YORK--(BUSINESS WIRE)--KKR today announced income from monetization activity in excess of $750 million with respect to the period from July 1, 2026 through September 25, 2026 based on information currently available. The quarter-to-date monetization activity is made up of approximately 80% realized performance income and approximately 20% realized investment income. The quarter-to-date monetization activity is driven by a combination of public secondary sales and strategic transactions, as well as dividends and interest income.

These monetization figures do not reflect the USI transaction. On August 31, 2026, KKR announced the sale of USI Insurance Services to Aon plc for $17 billion in an all-cash transaction, which is expected to close in the fourth quarter of 2026. The sale represents a significant realization for Strategic Holdings, reflecting KKR’s direct ownership in the company. Subject to closing, KKR expects to receive after-tax proceeds of approximately $3.3 billion, generating approximately $2.0 billion of Adjusted Net Income (“ANI”) and over $2.00 of ANI per share from the transaction.

The closing of the USI transaction is subject to closing conditions, and there can be no assurance as to whether or when the transaction will be completed. The monetization estimate disclosed above is not intended to predict or represent total realized performance income, total realized investment income or total revenues for the full quarter ending September 30, 2026, because it does not include the results or impact of any other sources of income, including fee income, or expenses, and we may realize further gains or losses relating to total realized performance income and total realized investment income after the date of this press release. The monetization estimate disclosed above is based on information available to us as of today with respect to the period from July 1, 2026 through September 25, 2026. This estimate is also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2026.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including estimated operating results from certain monetization activities. Words such as “expect,” “estimate,” “will,” “may” and “believe” or similar expressions may identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those included in these forward-looking statements, and investors should not place undue reliance on such statements. These forward-looking statements speak only as of the date of this press release, and we do not undertake any obligation to update or revise any of the forward-looking statements to reflect future events or circumstances, except as required by law.