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![KKR & Co. Inc. [KKR-PC] reports annual net loss of $5.4 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FKKR-PC.png&w=1200&q=75)
KKR & Co. Inc. [KKR-PC] has reported a net loss of $5.4 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $14.5 billion
Based in NEW YORK, New York, KKR & Co. Inc. operates in the FINANCE sector.
In the financial report for the year ended December 31, 2023, compared to the same period in 2022 and 2021, various key financial metrics were analyzed:
Revenues:
- Net Premiums showed a significant increase from $1.182 billion in 2022 to $1.975 billion in 2023, although it was lower than the figure of $2.226 billion in 2021.
- Net Investment Income also saw a positive trend, reaching $5.514 billion in 2023, compared to $4.118 billion in 2022 and $2.845 billion in 2021.
Expenses:
- Total Expenses stood at $12.358 billion in 2023, compared to $5.997 billion in 2022 and $11.214 billion in 2021.
- Investment Income (Loss) from Asset Management showed significant fluctuations over the years, with $3.025 billion in gains in 2023, compared to a loss of $1.666 billion in 2022 and gains of $7.721 billion in 2021.
Net Income:
- The Net Income for 2023 was reported at $5.357 billion, a substantial recovery from a loss of $417 million in 2022, but lower than the figure of $12.451 billion in 2021.
Earnings per Share:
- The Earnings per Share for Common Stock showed improvement, with a value of $4.24 in 2023 compared to a loss of $0.79 in 2022 and $7.95 in 2021 for Basic and $4.09 in 2023 compared to a loss of $0.79 in 2022 and $7.42 in 2021 for Diluted.
Overall, the financial performance of the company improved significantly in 2023 compared to the previous year, with higher revenues, lower expenses, and a return to positive net income.