[June 25, 2026]

KKR Announces Intra-Quarter Update

KKR today announced income from monetization activity in excess of $900 million with respect to the period from March 31, 2026 through June 24, 2026 based on information currently available. The quarter-to-date monetization activity is made up of approximately 80% realized performance income and approximately 20% realized investment income.

Based on year-to-date information available as of June 24, 2026, KKR has experienced an acceleration in its monetization activity and, in turn, an acceleration in capital returned to its clients. In Q1 2026, monetization activity (Realized Performance Income and Realized Investment Income) was $878 million, or +62% compared to the quarterly average of $542 million from 2023 through 2025. $900 million would be +66% compared to this 3-year quarterly average.

In addition, beginning with its Q2 2026 reporting, KKR will report realized performance fees from its K-Series Private Equity vehicles in Fee Related Performance Revenues within its segment earnings, which will be subject to a 15-20% Fee Related Compensation margin. Historically, these fees were included within Realized Performance Income and were subject to a 70-80% compensation margin. We believe including these fees in Fee Related Performance Revenues conforms to current industry practice and enhances comparability for investors. Performance fees from its K-Series Infrastructure vehicles will continue to be reported in Fee Related Performance Revenues. KKR also announced that it expects Capital Markets transaction fees for Q2 2026 to be approximately $175 million as certain transaction activity expected to close in late Q2 2026 is now expected to close in Q3 2026.

The monetization estimate disclosed above is not intended to predict or represent total realized performance income, total realized investment income or total revenues for the full quarter ending June 30, 226, because it does not include the results or impact of any other sources of income, including fee income, or expenses, and we may realize further gains or losses relating to total realized performance income and total realized investment income after the date of this press release. The monetization estimate disclosed above is based on information available to us as of June 24, 2026 with respect to the period from March 31, 2026 through June 24, 2026. The Q2 2026 Capital Markets transaction fees amount disclosed above is an estimate only, which is based on information available through June 24, 2026, and it is not a guarantee of actual results for Q2 2026, which could be higher or lower than this estimate. These estimates are also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2026.

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.

Forward-Looking Statements
This press release may contain forward-looking statements, including estimated operating results from certain monetization activities and financial results from Capital Markets transaction fees. Words such as "expect," "estimate," "will," "may" and "believe" or similar expressions may identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those included in these forward-looking statements, and investors should not place undue reliance on such statements. These forward-looking statements speak only as of the date of this press release, and we do not undertake any obligation to update or revise any of the forward-looking statements to reflect future events or circumstances, except as required by law.

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