Global Atlantic buoys KKR Q2 earnings, while insurance costs soar

August 8, 2023 by Doug Bailey

Amid swirling reports that it was about to close a blockbuster deal to acquire publisher Simon & Schuster, private investment giant KKR & Co. Inc. released second quarter earnings results Monday that topped Wall Street expectations as profits from its traditional private equity portfolio sparked improved performance. Assets under management and fee-related earnings rose as well, the company said.

Net income rose to $844.5 million, or $21.99 stockholders equity per share, vs. a loss of $1 billion, in the second quarter last year. 

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Originally Posted at InsuranceNewsNet on August 7, 2023 by Doug Bailey.