KKR & Co. Inc. Reports Second Quarter 2024 Results

Rhea-AI Summary

KKR & Co. Inc. (NYSE: KKR), a leading global investment firm, has released its second quarter 2024 financial results. The report is available on the company's website in the Investor Center section. KKR will host a conference call on July 31, 2024, at 10:00 a.m. ET to discuss the results. Investors can access the call via phone or live webcast on KKR's website. The company offers alternative asset management, capital markets, and insurance solutions through its various subsidiaries, including Global Atlantic Financial Group. KKR focuses on generating attractive investment returns through a disciplined approach and supporting growth in portfolio companies and communities.

Positive

• KKR released its Q2 2024 financial results, indicating transparency and timely reporting
• The company maintains a diverse portfolio of services including alternative asset management, capital markets, and insurance solutions
• KKR sponsors investment funds in private equity, credit, and real assets

Negative

• None.

Insights

Financial Analyst

KKR's Q2 2024 earnings release is a significant event for investors, though the lack of specific financial figures in this announcement limits our ability to provide a comprehensive analysis. However, there are several key points to consider:

• Timing and Transparency: KKR's prompt reporting of quarterly results demonstrates a commitment to transparency, which is important for investor confidence in the alternative asset management sector.
• Investor Access: The company has made the full results available on their investor relations website, allowing for immediate and detailed scrutiny by shareholders and analysts.
• Conference Call: The scheduled earnings call provides an opportunity for investors to gain deeper insights and ask questions directly to management, which can often reveal more than the written report alone.
• Market Position: As a leading global investment firm, KKR's performance can be indicative of broader trends in private equity, credit markets and alternative investments.

Without specific financial data, it's challenging to assess KKR's performance relative to expectations or year-over-year growth. Investors should pay close attention to key metrics such as assets under management (AUM), fee-related earnings and carried interest during the conference call and in the detailed report. Additionally, any commentary on deal flow, fundraising environment and portfolio company performance will be important for understanding KKR's outlook in the current economic climate.

The mention of KKR's insurance subsidiaries under Global Atlantic Financial Group also warrants attention, as the performance of this segment could provide insights into the company's diversification strategy and its ability to generate stable returns in various market conditions.

Investors should approach this earnings release with cautious optimism, reserving judgment until the full financial details and management's forward-looking statements are available. The alternative asset management industry faces challenges from market volatility and regulatory scrutiny, making KKR's strategies for navigating these headwinds particularly relevant.

Market Research Analyst

The release of KKR's Q2 2024 results is a significant event that warrants close attention from market participants. Here are some key considerations:

• Market Sentiment: The stock's performance following this announcement will be telling. Investors often react to both the numbers and the tone of management's commentary during the earnings call.
• Sector Implications: As a major player in alternative investments, KKR's results could have ripple effects across the financial sector, particularly for other private equity firms and asset managers.
• Economic Indicators: The performance of KKR's diverse portfolio can serve as a barometer for various sectors of the economy, offering insights into private market valuations and deal activity.
• Fundraising Environment: Any discussion of new fund launches or capital raising will be crucial, as it reflects investor appetite for alternative assets in the current market conditions.

The inclusion of Global Atlantic Financial Group in KKR's reporting is noteworthy. The insurance and retirement products segment could provide a stabilizing effect on KKR's earnings, potentially offering a hedge against volatility in other business lines.

Investors should be alert to any shifts in KKR's investment strategy or asset allocation, as these could signal the firm's outlook on various market sectors and geographies. Additionally, comments on deal pipelines and exit opportunities will be valuable for assessing the health of the M&A and IPO markets.

The timing of this release, amidst global economic uncertainties, makes it particularly significant. Market participants will be looking for clues on how KKR is navigating inflationary pressures, interest rate environments and geopolitical risks.

While the press release itself doesn't provide financial details, the accessibility of the full report on KKR's website allows for immediate analysis by the market. This transparency is commendable and aligns with best practices in investor relations.

In conclusion, KKR's Q2 results will likely serve as a bellwether for the alternative investment industry and provide valuable insights into the state of private markets. Analysts and investors should approach the detailed report and earnings call with a focus on both short-term performance metrics and long-term strategic positioning.

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its second quarter 2024 results, which have been posted to the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/.

A conference call to discuss KKR’s financial results will be held today, Wednesday, July 31, 2024 at 10:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. A replay of the live broadcast will be available on KKR’s website beginning approximately one hour after the broadcast.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731446390/en/

Investor Relations:

Craig Larson

+1 (877) 610-4910 (U.S.) / +1 (212) 230-9410

investor-relations@kkr.com

Media:

Kristi Huller, Miles Radcliffe-Trenner or Julia Kosygina

+1 (212) 750-8300

media@kkr.com

Source: KKR & Co. Inc.

FAQ

When did KKR release its Q2 2024 financial results?

KKR released its second quarter 2024 financial results on July 31, 2024.

How can investors access KKR's Q2 2024 earnings call?

Investors can access KKR's Q2 2024 earnings call on July 31, 2024, at 10:00 a.m. ET by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers), or via live webcast on KKR's website.

What are the main business areas of KKR (NYSE: KKR)?

KKR's main business areas include alternative asset management, capital markets solutions, and insurance products through its subsidiaries, including Global Atlantic Financial Group.

Where can investors find KKR's Q2 2024 financial results?

Investors can find KKR's Q2 2024 financial results in the Investor Center section of KKR's website at https://ir.kkr.com/events-presentations/.