The issuance of Series D Mandatory Convertible Preferred Stock for $2,543.404 million will likely affect the capital structure and potentially dilute common stockholders equity. The impact on future earnings per share needs to be assessed.

KKR acquired the remaining minority interests of Global Atlantic, solidifying its position in the insurance sector. This acquisition could lead to synergies and new revenue streams.

The strategic holdings business continues to generate income from dividends. The segment is comprised of 18 companies that KKR acquired through its core private equity strategy.

KKR is responding to investigations by the Antitrust Division of the DOJ related to the accuracy and completeness of certain filings made by KKR pursuant to the premerger notification requirements under the Hart-Scott-Rodino Act of 1976.

The report indicates that there were no changes in the internal control over financial reporting that materially affected the business.

KKR entered into a settlement with the SEC to resolve the SEC's investigation related to the preservation of text messages and similar communications on electronic messaging applications under the Investment Advisers Act of 1940.

The report mentions uncertainties resulting from changes to U.S. and global tariff policies and escalating trade tensions and regulatory conditions, and natural disasters and catastrophes, including public health crises, may have a significant negative impact on KKR's investments and profitability.

The report states that valuation methodologies for certain assets can be subjective, and the fair value of assets established pursuant to such subjective methodologies is uncertain and may never be realized.

The report mentions that KKR is involved in various legal proceedings, lawsuits, arbitration, and claims incidental to the conduct of KKR's businesses. It is not possible to predict the ultimate outcome of all pending litigations, and some of the matters discussed above seek or may seek potentially large or indeterminate relief.

The report states that the investment management and insurance businesses are intensely competitive.

The presentations in the consolidated statement of financial condition and consolidated statement of operations reflect the significant industry diversification of KKR by its acquisition of Global Atlantic.

KKR & Co. Inc., through its subsidiaries, is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.

The report indicates that operating expenses decreased.

KKR attempts to mitigate the risk of loss due to ineffectiveness under these derivative investments through a regular monitoring process which evaluates the program's effectiveness.

Global Atlantic attempts to mitigate the risk of loss due to ineffectiveness under these derivative investments through a regular monitoring process which evaluates the program's effectiveness.

KKR is currently evaluating the impact of adopting this ASU on its consolidated financial statements and disclosures.

The report indicates that KKR has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

KKR adopted this accounting standard effective for the reporting period ended March 31, 2025, and its adoption did not have a material impact on KKR's consolidated financial statements.

The company issued Series D Mandatory Convertible Preferred Stock, indicating a preference for equity financing.

On January 2, 2024, KKR acquired the remaining minority interests of Global Atlantic held by third party co-investors and Global Atlantic employees in exchange for cash and securities exchangeable for shares of KKR & Co. Inc. common stock.

Under KKR's repurchase program, shares of common stock of KKR & Co. Inc. may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise.

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.

Pursuant to the Reorganization Agreement, the following transactions will occur in the future on the Sunset Date (as defined below): i. the control of KKR & Co. Inc. by KKR Management LLP and the Series I Preferred Stock held by it will be eliminated.

Global Atlantic has formed certain VIEs to either (i) hold investments, including fixed maturity securities, consumer and other loans, renewable energy, transportation, and real estate, or (ii) to conduct certain reinsurance activities with third party commitments.

Certain events particular to each industry and country or region in which the portfolio companies conduct their operations, as well as general market, economic, political, geopolitical and regulatory conditions, and natural disasters and catastrophes, including public health crises, may have a significant negative impact on KKR's investments and profitability.

It is reasonably possible that prolonged market volatility may negatively affect Global Atlantic's operating results and its ability to execute on its tax planning strategies and may warrant the establishment of a valuation allowance on a portion of its deferred tax assets within the next 12 months.

Global Atlantic hedges interest rate and equity market risks associated with its insurance liabilities including fixed-indexed annuities, indexed universal life policies, variable annuity policies, and variable universal life policies, among others.