KKR Reports $364.8 Million Net Income and $4.32 Billion Revenue for Q1 2026

KKR & Co. Inc. reported net income attributable to common stockholders of $364.8 million, or $0.41 per basic share and $0.38 per diluted share, for the three months ended March 31, 2026. This compares to a net loss of $185.9 million, or $(0.22) per basic and diluted share, for the same period in 2025. Total revenues increased to $4.32 billion from $3.11 billion year-over-year, driven primarily by growth in the insurance segment. As of March 31, 2026, the company's outstanding shares of common stock totaled 889,413,785.

The Asset Management and Strategic Holdings segment experienced a slight decrease in total revenues, reporting $2.03 billion compared to $2.05 billion in the prior year. Fees and other revenues increased by $300 million, driven by higher management fees, but this was offset by a $317.3 million decrease in capital allocation-based income. Investment income for this segment was $15 million, a significant decrease from $1.49 billion in the prior year, primarily due to net losses from investment activities of $316.4 million compared to net gains of $1.09 billion in 2025. The Insurance segment saw a substantial increase in total revenues, reporting $2.29 billion compared to $1.06 billion in the prior year, driven by growth in net premiums and net investment income.

Key operational developments included changes in Assets Under Management (AUM) and Fee Paying Assets Under Management (FPAUM). Total AUM increased to $757.9 billion, while FPAUM rose to $614.8 billion. The company continued to execute its share repurchase program, buying back 2,173,970 shares of common stock for a total cost of $191.2 million during the quarter. The company also issued 15,105 shares of common stock to one of its fund investors in connection with arrangements related to the fees paid by such fund investor with respect to its investments.

Looking ahead, KKR's management anticipates continued growth in its asset management and insurance businesses, driven by strategic initiatives such as expanding its product offerings and geographic reach. The company also expects to benefit from its investments in technology and data analytics, which are designed to improve investment decision-making and operational efficiency. On May 4, 2026, KKR closed the acquisition of Arctos Partners, LP, an investment firm that provides strategic growth capital and liquidity solutions to sports franchises and to private investment fund sponsors.