Direct Answer
KKR & Co. reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Insurance is the largest, with $11.6 billion of revenue (60% of the total), followed by Asset Management and Strategic Holdings at $7.8 billion (40%).
How Does KKR & Co. Make Money?
No single line supplies a majority of revenue: the largest, Insurance, is 60%, which spreads KKR & Co.'s exposure across several demand drivers. Between fiscal 2024 and 2025, Asset Management and Strategic Holdings grew fastest (+8.6%) and Insurance slowest (-20.7%), so the revenue mix tilts toward Asset Management and Strategic Holdings while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Insurance | $11.6 billion | $14.7 billion | 59.7% | -20.7% |
| Asset Management and Strategic Holdings | $7.8 billion | $7.2 billion | 40.3% | 8.6% |
What the Segment Figures Do Not Show
The rows above add up to 100% of KKR & Co.'s reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value KKR & Co. reported in the segment note and revenue disclosures of its Form 10-K filed February 27, 2026 (accession 0001404912-26-000007), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are KKR & Co.'s business segments?
In its fiscal 2025 Form 10-K, KKR & Co. reports revenue for Insurance and Asset Management and Strategic Holdings.
Which part of KKR & Co. brings in the most revenue?
Insurance, with $11.6 billion of revenue in fiscal 2025, or 60% of the total.
Where does KKR & Co. report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 27, 2026, alongside management's discussion of each segment's results.