KKR incorporates annuity company into massive investing juggernaut

October 29, 2024 by John Hilton

Main takeaway: Three areas contributed to KKR’s massive third-quarter financial performance, executives said today.

KKR’s bottom-line numbers sparkled: Adjusted net income rose 58% to $1.24 billion, easily topping Wall Street expectations. Fee-related earnings rose 79% to a record $1 billion, driven by management fees and fees for arranged financing.

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Originally Posted at InsuranceNewsNet on October 25, 2024 by John Hilton.