KKR & Co. Inc.

Investor Presentation • Nov 6, 2025

February 7, 2023 KKR & Co. Inc. Overview Presentation – 3Q'25

Legal Disclosures

This presentation has been prepared by KKR & Co. Inc. solely for informational purposes for its public stockholders in connection with evaluating the business, operations and financial results of KKR & Co. Inc. and its subsidiaries (collectively, "KKR"), which includes The Global Atlantic Financial Group LLC and its subsidiaries (collectively, "Global Atlantic" or "GA"), unless the context requires otherwise. This presentation is not, and shall not be construed, as an offer to purchase or sell, or the solicitation of an offer to purchase or sell any securities of KKR in any jurisdiction in which such offer, solicitation or sale would be unlawful. This presentation may not be distributed, referenced, quoted or linked by website, in whole or in part, except as agreed to in writing by KKR & Co. Inc.

The statements contained in this presentation are made as of the date of this presentation, other than financial figures, which are as of September 30, 2025, unless another time is specified in relation to such statements or financial figures, and access to this presentation at any given time shall not give rise to any implication that there has been no change in the facts set forth in this presentation since such date.

This presentation contains certain forward-looking statements pertaining to KKR, including with respect to the investment funds, and vehicles and accounts managed by KKR and the Global Atlantic insurance companies. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. You can identify these forward-looking statements by the use of words such as "opportunity," "outlook," "believe," "think," "expect," "feel," "potential," "continue," "may," "should," "seek," "approximately," "predict," "intend," "will," "plan," "estimate," "anticipate," "visibility," "positioned," "path to," "conviction," the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR's beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this presentation except as required by law. Please see the Appendix for additional important information about forward-looking statements, including the assumptions and risks concerning projections and estimates of future performance.

This presentation includes certain non-GAAP measures, including adjusted net income ("ANI"), total segment earnings, total investing earnings, total operating earnings ("TOE"), fee related earnings ("FRE"), strategic holdings operating earnings, and total asset management segment revenues. These non-GAAP measures are in addition to, and not a substitute for, measures of financial and operating performance prepared in accordance with U.S. GAAP. While we believe that providing these non-GAAP measures is helpful to investors in assessing the overall performance of KKR's business, they may not include all items that are significant to an investor's analysis of our financial results. Please see the Appendix for additional important information about the non-GAAP measures presented herein.

Please see the Appendix for other important information. In addition, information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and its other filings with the SEC, which are available at www.sec.gov.

From time to time, we may use our website as a channel of distribution of material information. Financial and other material information regarding KKR is routinely posted on and accessible at www.kkr.com. Financial and other material information regarding Global Atlantic is routinely posted on and accessible at www.globalatlantic.com. Information on these websites are not incorporated by reference herein and are not a part of this presentation.

KKR Overview

Established in 1976, KKR is a global investment firm with industry-leading investment experience and a strong culture committed to teamwork

49 Years

\$723 billion in AUM

~3,000 KKR employees

Multi-asset experience

28 KKR offices

of investment experience

across Credit & Liquid Strategies (\$315bn), Private Equity (\$222bn) & Real Assets (\$186bn)

plus ~1,600 Global Atlantic employees(1)

across private equity, real estate, infrastructure and credit

across 4 continents serving local markets, plus 8 additional Global Atlantic offices

Note: All figures are as of September 30, 2025 unless otherwise noted. See Appendix endnotes. (1) As of December 31, 2024.

Positioned For Significant Growth Ahead

High-growth industry with leadership in key markets

Purpose-built business model with three growth engines to drive recurring earnings

Asset
Management

Insurance

Strategic
Holdings

Leveraging our core strengths

• Growing alternatives industry
• ✓ Insurance
• ✓ Asia Pacific / Japan
• ✓ Infrastructure / Climate
• ✓ Private Credit / ABF

• ✓ Private Wealth

• Differentiated investment performance

• Embedded growth from investment in distribution and products
• ✓ Leading insurance franchise
• ✓ Growth enhanced with 100% ownership
• ✓ Strong conviction we can double Global Atlantic AUM from here
• ✓ Scaled Core Private Equity strategy
• Recurring, quarterly dividends with attractive growth trajectory
• ✓ Investing acumen
• ✓ Capital allocation
• ✓ Collaborative culture

With a highly aligned and motivated leadership team – employees own ~30% of outstanding KKR stock⁽¹⁾

Note: The statements above are forward-looking statements. These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for important information regarding cautionary factors about forward-looking statements.

(1) As of December 31, 2024.

Evolution And Growth Of Our Business

(\$ in billions, except per share data)

Revenue and earnings metrics are shown using the last twelve months of their noted time periods. Operating metrics are shown as of most recent quarter end for the noted time periods. The stock price data is as of December 31, 2019, and September 30, 2025. Perpetual capital is capital of indefinite duration, which may be materially reduced or terminated under certain conditions. See Appendix for endnotes and other important information.

Note:

A Strong 3Q'25 LTM Across Key Metrics

Strong Financial Results

• Management Fees → +16% LTM 3Q'25 vs. LTM 3Q'24
• Fee Related Earnings → +16% LTM 3Q'25 vs. LTM 3Q'24
• Adjusted Net Income → +17% LTM 3Q'25 vs. LTM 3Q'24

Robust Fundraising Momentum Continues

• Raised \$128 billion of capital in the trailing twelve months at 3Q'25
• Flagship fundraising off to a strong start and 30+ strategies targeted to raise capital in the next 12-18 months
• K-Series momentum continues with AUM of \$29 billion at 3Q'25 vs. \$14 billion at 3Q'24

Increased Investment Activity

• \$85 billion of capital deployed in the trailing twelve months at 3Q'25 vs. \$77 billion in the trailing twelve months at 3Q'24
• Capital markets transaction fees of \$1.0 billion in the trailing twelve months at 3Q'25

Strong Performance

• Monetizations of \$2.9 billion in the trailing twelve months at 3Q'25 increased by 34% year-over-year
• Gross unrealized carried interest of \$9.0 billion at 3Q'25 vs. \$7.9 billion at 3Q'24

\$723bn AUM

+16%

\$309bn

Perpetual Capital

+19%

\$3.6bn

Fee Related Earnings

+16%

\$4.6bn

Adjusted Net Income

+17%

Note: Perpetual capital is capital of indefinite duration, which may be materially reduced or terminated under certain conditions. See Appendix for endnotes and other important information.

Our Capital Allocation Toolkit

Strategic M&A Core Private Equity Insurance Share Buybacks

Our objective for capital allocation is to generate recurring and durable, growth-oriented earnings per share

Note: The statements above are forward-looking statements. These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix endnotesfor important information regarding estimates and assumptions and cautionary factors about forward-looking statements.

KKR's Culture And Values Drive Outcomes

Our Model

Our Model – Three Growth Engines

Asset Management

Scaled And Diversified Assets Under Management

Note: See Appendix endnotes for footnote references.

Differentiated Value Creation Toolkit

Diversified & Fast-Growing Management Fee Profile

Note: See Appendix endnotes for footnote references.

Lifecycle Of Our Products

	Early Platform Formation	Developing Product Buildout	Maturing Building Scale	Scaled Scale Benefits
Private uity Eq	Middle Market PE	Health Care Growth Global Impact Customized Portfolio Solutions	Technology Growth Core PE	North America PE Europe PE Asia PE
Assets Real	Core+ Real Estate Americas Core+ Real Estate Europe Core+ Real Estate Asia Opportunistic RE Credit / CMBS Stabilized RE Credit Climate	Asia Infrastructure Core Infrastructure Opportunistic Europe RE Opportunistic Asia RE Mortgage REIT Crescent Energy	Opportunistic Americas RE Japanese REIT (KJRM)	Global Infrastructure
Credit	Asia Private Credit Asia Leveraged Credit	High Yield Junior Capital Strategic Investments	Bank Loans Asset-Based Finance Global Direct Lending	CLOs Public BDC
Wealth Private	Private Equity Credit Infrastructure Real Estate Capital Group Public-Private Solutions

Note: Excludes Global Atlantic and Liquid Strategies (Hedge Funds).

Lifecycle Of Our Products

Note: Excludes Global Atlantic and Liquid Strategies (Hedge Funds).

Continued Fundraising Momentum

Note: This is not a definitive list and there is no certainty that KKR will raise capital as contemplated for all of the listed strategies. These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for additional details, important information regarding estimates and assumptions and cautionary factors about forward-looking statements.

Private Wealth Approach Positions KKR To Win

Note: These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for important information regarding estimates and assumptions and cautionary factors about forward-looking statements.

Insurance

Overview Of Global Atlantic

Leading insurance company with a 20-year track record of serving the retirement & life insurance needs of individuals & institutions

• Founded at Goldman Sachs in 2004 and separated as an independent company in 2013
• In February 2021, GA was initially acquired by KKR as a majority owned subsidiary
• In January 2024, KKR acquired the remaining stake in Global Atlantic, increasing its ownership to 100%
• Since the announcement of KKR's original acquisition in July 2020, Global Atlantic AUM has nearly tripled

Performance Highlights

Scaled & Diversified Business

\$212 billion Assets Under Management(1)

Strong Presence Across Diverse Funding Channels

Market Leader in Individual and Institutional Channels Fixed Annuities, Block & Flow Reinsurance, Preneed Life

Leading Returns & Growth

+23% AUM CAGR(2) \$1.1 billion LTM 3Q'25 Insurance Operating Earnings

Strong Financial Profile

High Ratings A2 / A / A / A(3) Leading Risk & Investment Capabilities

Benefit of Strategic Partnership with KKR

Note: Past performance is no guarantee of future results. See Appendix for endnotes for footnote references and important information regarding these performance highlights.

Two Complementary Channels

Leading	Top 3	210+	\$13.5 billion	41%
Fixed Annuity Carrier(1)	Preneed Life(1)	Distribution Partners(3)	3Q'25 LTM New Business Volumes	Global Atlantic Reserves

Key Distribution Partners Recent Clients

One of the Top 5 Largest U.S. Banks

Note: Includesselect distribution partners and recent reinsurance transaction clients. See Appendix for endnotesfor footnote references and important information regarding these performance highlights.

Global Atlantic Has Multiple Ways To Grow

Global Atlantic has a clear path to doubling assets

Note: These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for endnotes for footnote references and important information regarding estimates and assumptions and cautionary factors about forward-looking statements.

Invest In Emerging Opportunities – Japan

Insurance Landscape – Parallels Between the U.S. and Japan

Similar markets and products create opportunity for GA and KKR to be a solutions provider via asset management and reinsurance

Multiplier Effect: Scaling GA And Asset Management In Tandem

KKR Helps Scale GA Originations… …And GA Helps Scale

KKR Existing Platforms…

…And Third Party Insurance Capital

(\$ in billions)

(\$ in billions)

(\$ in billions)

Average Annual Asset Originations(1) KKR AUM of Asset Classes Well-Suited for Insurance Companies

Third Party Insurance AUM

Note: See Appendix endnotes for footnote references.

Total Insurance Economics

Note: 2022 and 2023 represent KKR's ownership share in a given year. At 100% ownership, total insurance economics would have been \$1,466 million and \$1,671 million in 2022 and 2023, respectively. At 100% ownership, Global Atlantic Book Value would have been \$6.9 billion and \$7.6 billion in 2022 and 2023, respectively. See Appendix for endnotesfor additional information about total insurance economics. (1) Figures are net of the FRE compensation expense in each respective year.

Strategic Holdings

An Observation: The Asset Management Industry

Note: Market capitalization as of November 6, 2025. Asset Managers inclusive of 3i Group, Aberdeen, Affiliated Managers Group, Allfunds, AllianceBernstein, Amundi, Apollo, Ares, BlackRock, Blackstone, Blue Owl, Bridgepoint Group, Brookfield Asset Management, Brookfield Corporation, Carlyle, CVC, EQT Partners, Eurazeo, Franklin Resources, Invesco, Janus Henderson, KKR, Legal & General, Onex Corporation, Partners Group, Schroders, T. Rowe Price, Tikehau Capital and TPG.

Strategic Holdings Overview

Strategic Holdings currently consists of KKR's direct interest in our Core Private Equity strategy

Key Characteristics of a Core Private Equity Business

We Have Built An Attractive, Diversified Strategy

Lower Leverage Over Hold Period

Industry Diversification(1)

High-Quality Management

More Limited External Exposures

Cash Generative

More Limited Disruptors

Less Cyclical

Control

Note: See Appendix for endnotesfor footnote references and important information about the core private equity strategy.

Earnings From Strategic Holdings Segment Are Highly Visible

Note: Past performance is no guarantee of future results. Projected Strategic Holdings Operating Earnings (presented above for 2026E, 2028E and 2030E) is based on assumptions relating to projected net dividends on core holdings. Projected net dividends on core holdings is an estimate based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for endnote references and important information regarding estimates and assumptions and cautionary factors about forward-looking statements. Projected Strategic Holdings Operating Earnings is a non-GAAP measure. A reconciliation of the forecast for this measure to its corresponding GAAP measure has not been provided due to the unreasonable efforts it would take to provide such reconciliation. See Appendix endnotesfor further information.

(1) Projected net dividends means dividends received and expected to be received (net of management fees paid to the Asset Management segment) from our participation in our existing and anticipated future businesses in the core private equity strategy.

Appendix I

Our Earnings Framework

Third Quarter 2025 Segment Earnings

\$ in thousands, except per share data)	3Q'24		3Q'25		3Q'24 YTD		3Q'25 YTD
Management Fees	\$ 892,629	\$	1,063,553	\$	2,555,263	\$	2,976,650
Transaction and Monitoring Fees, Net	467,145		328,124		842,087		823,882
Fee Related Performance Revenues	56,655		73,177		112,901		148,191
Fee Related Compensation	(247,875)		(256,350)		(614,294)		(691,027
Other Operating Expenses	(167,881)		(175,568)		(471,146)		(515,403
Fee Related Earnings	\$ 1,000,673	\$	1,032,936	\$	2,424,811	\$	2,742,293
Insurance Operating Earnings	\$ 238,520	\$	304,653	\$	764,573	\$	841,357
Strategic Holdings Operating Earnings	\$ 6,828	\$	57,663	\$	68,400	\$	118,270
Total Operating Earnings	\$ 1,246,021	\$	1,395,252	\$	3,257,784	\$	3,701,920
Net Realized Performance Income	101,926		232,665		302,763		429,968
Net Realized Investment Income	216,507		73,632		448,813		389,793
Total Investing Earnings	\$ 318,433	\$	306,297	\$	751,576	\$	819,761
Total Segment Earnings	\$ 1,564,454	\$	1,701,549	\$	4,009,360	\$	4,521,681
Interest Expense, Net and Other	(88,101)		(102,789)		(242,783)		(287,866
Income Taxes on Adjusted Earnings	(294,850)		(325,158)		(749,460)		(862,875
Adjusted Net Income	\$ 1,181,503	\$	1,273,602	\$	3,017,117	\$	3,370,940
djusted Per Share Measures:
FRE per Adjusted Share	\$ 1.12	\$	1.15	\$	2.71	\$	3.05
TOE per Adjusted Share	\$ 1.39	\$	1.55	\$	3.65	\$	4.12
ANI per Adjusted Share	\$ 1.32	\$	1.41	\$	3.38	\$	3.75

Note: See Appendix for GAAP reconciliations and other important information.

Appendix II

Important Information – Endnotes

Notes to Page 3 – KKR Overview

• KKR offices excludes offices that are not part of KKR's asset management business, including Global Atlantic and KJRM.
• KKR employees includes Asset Management and certain Subsidiary Organizationssuch as KJRM.

Note to Page 5 – Evolution And Growth Of Our Business

(1) Represents 1Q'20 Global Atlantic Adjusted Invested Assets.

Note to Page 12 – Scaled And Diversified Assets Under Management

(1) Includes \$1.4 billion of unallocated commitments from a strategic investment partnership within Real Assets.

Note to Page 14 – Diversified & Fast-Growing Management Fee Profile

(1) "Other" largely includes Liquid Strategies and Energy amongst othersmaller strategies.

Notes to Page 20 – Overview Of Global Atlantic

• (1) Over 70% of Global Atlantic's fixed income assets are rated by S&P, Moody's or Fitch, and less than 1% of assets have a sole rating from Egan-Jones.
• (2) At the time of KKR's acquisition announcement of Global Atlantic on July 8, 2020, Global Atlantic's Adjusted Invested Assets were \$73 billion, or the quarter-end figure at 2Q'20. However, this figure was not yet known at the time of announcement. The AUM CAGR is calculated based on this 2Q'20 Adjusted Invested Assets figure of \$73 billion at announcement while the bar shows the latest available figure at the time (1Q'20) of \$72 billion.
• (3) Represents Financial Strength Ratings of Global Atlantic's insurance subsidiaries (not credit ratings of any product or security), as of November 7, 2025. Moody's (Stable Outlook) / S&P (Stable Outlook) / Fitch (Stable Outlook)/ AM Best (Stable Outlook).

Notes to Page 21 – Two Complementary Channels

• (1) Management estimate based on 2024 statutory filings, the most recent filings containing relevant information used for such estimates; market position based on direct statutory premium. Fixed annuities based on sales data as reported by LIMRA for the three months ended June 30, 2025.
• (2) Based on publicly available data and company announcements as of June 30, 2025.
• (3) Distribution Partners only includes banks and broker-dealers.
• (4) Includes Closed Block & Other which represents ~1% of reserves, and related to closed block of participating whole life policiesthat have been ceded to a third party.

Note to Page 22 – Global Atlantic Has Multiple Ways To Grow

(1) Represents 1Q'20 Global Atlantic Adjusted Invested Assets.

Notes to Page 23 – Invest In Emerging Opportunities – Japan

• (1) Size of L&A Reserves: US: Represents total general account reserves of U.S. life insurers as of YE 2024, sourced via S&P Market Intelligence. Japan: Life and Annuities Market as of YE 2023, sourced via Life Insurance Association of Japan.
• (2) Growing Demand for Retirement/Savings Products: U.S.: Sourced via World Bank Organization as of YE 2023. Japan: Sourced via World Bank Organization as of YE 2023.
• (3) Macroeconomic Headwinds: U.S.: Represents the 10yr UST. Japan: Represents the 10yr Japanese Government Bond yield.
• (4) Depressed Valuations Driving Need for Risk and Capital Management: U.S.: Represents average ROE across U.S. life insurers over last two years. Japan: Represents average ROE across major Japanese life insurers over last two years.

Notes to Page 24 – Multiplier Effect: Scaling GA And Asset Management In Tandem

• (1) Includes investment grade, publicly traded corporate bonds, as well as KKR Capital Invested for Global Atlantic, and KKR and third party supported origination.
• (2) 3Q'25 represents an annualized figure.

Note to Page 25 – Total Insurance Economics

• Total insurance economics is an alternative performance measure of KKR's insurance business, derived from a portion of KKR's reported segment results. We believe this measure may be helpful for our shareholders to understand the total contribution of our insurance business to KKR, including those economics that inure to our asset management business. It is comprised of (i) Insurance Operating Earnings and (ii) Asset Management Fees, Net of Compensation, Related to the Insurance Business that are earned by our Asset Management Segment.

• Management Fees Paid by the Insurance Segment are fees paid by the Insurance segment to the Asset Management segment for the investment management of Global Atlantic's AUM. Ivy and Related Sidecar Fees are fees paid by third parties to KKR for the investment management of the assets in the Ivy and other reinsurance vehicles. Global Atlantic-Related Capital Markets Fees represent total capital markets transaction fees earned by KKR in transactions that Global Atlantic either anchored or facilitated.

Notes to Page 28 – Strategic Holdings Overview

• (1) Data represented calculated by 2Q'25 LTM adjusted EBITDA (KKR's Share) as of September 30, 2025.
• The adjusted revenue and adjusted EBITDA information represents the measures management currently uses to monitor the operating performance of the businesses.
• LTM Adjusted EBITDA is shown based on the geographic location of the businesses' headquarters.
• LTM Adjusted Revenue and EBITDA represents KKR's look-through ownership percentage for each of these companies in the aggregate as a result of the firm's investments in these companies through its participation in our core private equity strategy multiplied by the revenue and EBITDA of each portfolio company, respectively. Non-U.S. dollar businesses have been converted at the period-ending foreign exchange rate.

Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

(\$ in thousands)	FY'19	3Q'24	3Q'25	3Q'24 LTM	3Q'25 LTM
Net Income (Loss) - KKR Common Stockholders	\$ 1,971,685	\$ 600,550	\$ 859,927	\$ 2,991,119	\$ 2,271,945
Preferred Stock Dividends	33,364	—	40,430	—	78,166
Net Income (Loss) Attributable to Noncontrolling Interests	2,634,491	834,118	939,465	2,119,995	2,912,956
Income Tax Expense (Benefit)	528,750	209,896	359,739	982,677	878,942
Income (Loss) Before Tax (GAAP)	\$ 5,168,290	\$ 1,644,564	\$ 2,199,561	\$ 6,093,791	\$ 6,142,009
Impact of Consolidation and Other	(1,015,559)	(830,426)	(928,301)	(1,689,841)	(2,920,333)
Equity-based Compensation - KKR Holdings	91,296	—	—	—	—
Preferred Stock Dividends	(33,364)	—	(40,430)	—	(78,166)
Income Taxes on Adjusted Earnings	(207,479)	(294,850)	(325,158)	(963,603)	(1,102,212)
Asset Management Adjustments:
Unrealized (Gains) Losses	(1,409,605)	89,805	(76,839)	(668,011)	271,910
Unrealized Carried Interest	(1,263,046)	(850,638)	235,801	(2,389,454)	(957,421)
Unrealized Carried Interest Compensation	520,033	644,881	(188,642)	1,757,986	751,519
Transaction-related and Non-operating Items	—	90,716	47,409	163,467	37,035
Equity-based Compensation	201,095	66,549	63,287	286,659	277,871
Equity-based Compensation - Performance based	6,694	83,026	88,437	314,854	345,130
Amortization of Acquired Intangibles	—	—	715	—	715
Strategic Holdings Adjustments:
Unrealized (Gains) Losses	(445,262)	(226,319)	(57,019)	(827,103)	(756,864)
Insurance Adjustments (1) :
(Gains) Losses from Investments(1)	—	692,422	166,098	1,392,649	2,028,517
Non-operating Changes in Policy Liabilities and Derivatives(1)	—	12,589	34,377	300,256	365,466
Transaction-related and Non-operating Items(1)	—	19,679	21,120	23,827	24,250
Equity-based and Other Compensation(1)	—	35,093	28,487	94,092	107,867
Amortization of Acquired Intangibles(1)	—	4,412	4,699	16,030	18,796
Adjusted Net Income	\$ 1,613,093	\$ 1,181,503	\$ 1,273,602	\$ 3,905,599	\$ 4,556,089
Interest Expense, Net	217,046	80,709	56,692	303,979	255,985
Preferred Stock Dividends	—	—	40,430	—	91,643
Net Income Attributable to Noncontrolling Interests	4,907	7,392	5,667	20,653	15,896
Income Taxes on Adjusted Earnings	207,479	294,850	325,158	963,603	1,102,212
Total Segment Earnings	\$ 2,042,525	\$ 1,564,454	\$ 1,701,549	\$ 5,193,834	\$ 6,021,825
Net Realized Performance Income	(384,875)	(101,926)	(232,665)	(472,624)	(735,993)
Net Realized Investment Income	(577,388)	(216,507)	(73,632)	(542,247)	(483,143)
Total Operating Earnings	\$ 1,080,262	\$ 1,246,021	\$ 1,395,252	\$ 4,178,963	\$ 4,802,689
Strategic Holdings Operating Earnings	—	(6,828)	(57,663)	(82,931)	(126,081)
Insurance Operating Earnings	—	(238,520)	(304,653)	(995,847)	(1,091,330)
Fee Related Earnings	\$ 1,080,262	\$ 1,000,673	\$ 1,032,936	\$ 3,100,185	\$ 3,585,278

Note: For the three months ended September 30, 2025, Transaction-related and Non-operating items includes (i) \$44 million related to transaction-related costs and other corporate actions, and (ii) \$24 million of costs associatedwith certain integration, restructuring, and other non-operating expenses across our Asset Management and Insurance businesses. (1) Amountsrepresent the portion allocable to KKR.

Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

(\$ in thousands)		3Q'24	3Q'25	3Q'24 YTD	3Q'25 YTD
Insurance Operating Earnings	\$	238,520	\$ 304,653	\$ 764,573	\$ 841,357
Management Fees, Net Paid by Insurance Segment		119,580	140,465	317,210	408,703
Ivy and Related Sidecar Fees, Net		34,074	43,062	101,065	122,909
Global Atlantic-related Capital Markets Fees, Net		32,596	24,445	41,762	43,824
Total Insurance Economics	\$	424,770	\$ 512,625	\$ 1,224,610	\$ 1,416,793

Reconciliation of GAAP to Non-GAAP Shares (Unaudited)

	3Q'24	3Q'25	3Q'24 YTD	3Q'25 YTD
Weighted Average GAAP Shares of Common Stock Outstanding - Basic	887,444,991	890,961,714	886,618,138	889,984,777
Adjustments:
Weighted Average Exchangeable Securities	7,000,723	9,563,161	6,584,764	9,042,584
Weighted Average Adjusted Shares(1)	894,445,714	900,524,875	893,202,902	899,027,361

⁽¹⁾ Excludes the potential dilutive impact of: (i) any conversion of the Series D Mandatory Convertible Preferred Stock (expected no later than March 1, 2028) and (ii) unvested shares of common stock and exchangeable securities.

Non-GAAP and Segment Definitions

The key non-GAAP and other operating and performance measures that follow are used by management in making operational and resource deployment decisions as well as in assessing the performance of KKR's business. They include certain financial measures that are calculated and presented using methodologies other than in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP measures, including adjusted net income ("ANI"), total segment earnings, total investing earnings, total operating earnings ("TOE"), fee related earnings ("FRE"), strategic holdings operating earnings, and total asset management segment revenues, are presented prior to giving effect to the allocation of income (loss) among KKR & Co. Inc. and holders of certain securities exchangeable into shares of common stock of KKR & Co. Inc. and, as such, represent the entire KKR business in total. In addition, these non-GAAP measures are presented without giving effect to the consolidation of the investment vehicles and collateralized financing entities ("CFEs") that KKR manages. These measures described above have the definitions given to them below.

We believe that providing these non-GAAP measures on a supplemental basis to our GAAP results is helpful to stockholders in assessing the overall performance of KKR's business. These non-GAAP measures should not be considered as a substitute for financial measures calculated in accordance with GAAP. "Nonoperating adjustments" as used in these non-GAAP definitions refers to adjustments made which are not adjustments or exclusions of normal, recurring cash operating expenses necessary for business operations. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP, where applicable, are included under the "Reconciliation of GAAP to Non-GAAP Measures"section of this Appendix.

We also caution readers that these non-GAAP measures may differ from the calculations made by other investment managers, and as a result, may not be directly comparable to similarly titled measures presented by other investment managers.

• Adjusted Net Income is a performance measure of KKR's earnings, which is derived from KKR's reported segment results. ANI is used to assess the performance of KKR's business operations and measures the earnings potentially available for distribution to its equity holders or reinvestment into its business. ANI is equal to Total Segment Earnings less Interest Expense, Net and Other and Income Taxes on Adjusted Earnings. Interest Expense, Net and Other includes (i) interest expense on debt obligations not attributable to any particular segment and (ii) cumulative dividend expense on the Series D Mandatory Convertible Preferred Stock, net of interest income earned on cash and short-term investments. Income Taxes on Adjusted Earnings represents the (i) amount of income taxes that would be paid assuming that all pre-tax Asset Management and Strategic Holdings segment earnings were allocated to KKR & Co. Inc. and taxed at the same effective rate, which assumes that all securities exchangeable into shares of common stock of KKR & Co. Inc. were exchanged and (ii) amount of income taxes on Insurance Operating Earnings. Income taxes on Insurance Operating Earnings represent the total current and deferred tax expense or benefit on income before taxes adjusted to eliminate the impact of the tax expense or benefit associated with the non-operating adjustments. Equity based compensation expense is excluded from ANI, because (i) KKR believes that the cost of equity awards granted to employees does not contribute to the earnings potentially available for distributions to its equity holders or reinvestment into its business and (ii) excluding this expense makes KKR's reporting metric more comparable to the corresponding metric presented by other publicly traded companies in KKR's industry, which KKR believes enhances an investor's ability to compare KKR's performance to these other companies. Income Taxes on Adjusted Earnings includes the benefit of tax deductions arising from equitybased compensation, which reduces Income Taxes on Adjusted Earnings during the period. If tax deductions from equity-based compensation were to be excluded from Income Taxes on Adjusted Earnings, KKR's ANI would be lower and KKR's effective tax rate would appear to be higher, even though a lower amount of income taxes would have actually been paid or payable during the period. KKR separately discloses the amount of tax deduction from equity-based compensation for the period reported and the effect of its inclusion in ANI for the period. KKR makes these adjustments when calculating ANI in order to more accurately reflect the net realized earnings that are expected to be or become available for distribution to KKR's equity holders or reinvestment into KKR's business. However, ANI does not represent and is not used to calculate actual dividends under KKR's dividend policy, which is a fixed amount per period, and ANI should not be viewed as a measure of KKR's liquidity.

• Total Segment Earnings is a performance measure that KKR believes is useful to stockholders as it provides a supplemental measure of our operating performance without taking into account items that KKR does not believe arise from or relate directly to KKR's operations. Total Segment Earnings excludes: (i) equity-based compensation charges, (ii) amortization of acquired intangibles, and (iii) transaction-related and non-operating items, if any. Transaction-related and non-operating items primarily arise from corporate actions, which consist of: (i) impairments, (ii) transaction costs from acquisitions, including any acquisition-related stock consideration, (iii) depreciation on real estate that KKR owns and occupies, (iv) contingent liabilities, net of any recoveries, (v) certain integration, restructuring, and other non-operating expenses, and (vi) other gains or charges that affect period-to-period comparability and are not reflective of KKR's ongoing operational performance. Inter-segment transactions are not eliminated from segment results when management considers those transactions in assessing the results of the respective segments. These transactions include (i) management fees earned by our Asset Management segment as the investment adviser for Global Atlantic insurance companies, (ii) management and performance fees earned by our Asset Management segment for acquiring and managing the companies included in our Strategic Holdings segment, and (iii) interest income and expense based on lending arrangements where our Asset Management segment borrows from our Insurance segment. All these inter-segment transactions are recorded by each segment based on the applicable governing agreements. Additionally, due to the integrated nature of our segment operations and as part of our strategic capital allocation decisions, intersegment asset transfers have and may continue to occur. In these cases in segment reporting, the assets are transferred at their fair value, and no realization is recognized at the time of transfer. Earnings are recognized upon realization events and transactions with third parties. Total Segment Earnings represents the total segment earnings of KKR's Asset Management, Insurance and Strategic Holdings segments
• Asset Management Segment Earnings is the segment profitability measure used to make operating decisions and to assess the performance of the Asset Management segment. This measure is presented before income taxes and is comprised of: (i) Fee Related Earnings, (ii) Realized Performance Income, (iii) Realized Performance Income Compensation, (iv) Realized Investment Income, and (v) Realized Investment Income Compensation. Asset Management Segment Earnings excludes the impact of: (i) unrealized gains (losses) on investments, (ii) unrealized carried interest, and (iii) unrealized carried interest compensation. Management fees earned by KKR as the adviser, manager or sponsor for its investment funds, vehicles and accounts, including its Global Atlantic insurance companies and Strategic Holdings segment, are included in Asset Management Segment Earnings.

Non-GAAP and Segment Definitions (cont'd)

• Insurance Operating Earnings is the segment profitability measure used to make operating decisions and to assess the performance of the Insurance segment. This measure is presented before income taxes and is comprised of: (i) Net Investment Income, (ii) Net Cost of Insurance, and (iii) General, Administrative, and Other Expenses. Insurance Operating Earnings excludes the impact of: (i) investment gains (losses) which include realized gains (losses) related to asset/liability matching investment strategies and unrealized investment gains (losses) and (ii) non-operating changes in policy liabilities and derivatives which includes (a) changes in the fair value of market risk benefits and other policy liabilities measured at fair value and related benefit payments, (b) fees attributed to guaranteed benefits, (c) derivatives used to manage the risks associated with policy liabilities, and (d) losses at contract issuance on payout annuities. Insurance Operating Earnings includes (i) realized gains and losses not related to asset/liability matching investment strategies and (ii) the investment management costs that are earned by our Asset Management segment as the investment adviser of the Global Atlantic insurance companies.
• Strategic Holdings Segment Earnings is the segment profitability measure used to make operating decisions and to assess the performance of the Strategic Holdings segment. This measure is presented before income taxes and is comprised of: Dividends, Net and Net Realized Investment Income. Strategic Holdings Segment Earnings excludes the impact of unrealized gains (losses) on investments. Strategic Holdings Segment Earnings includes management fees and performance fee expenses that are earned by the Asset Managementsegment.
• Fee Related Earnings is a performance measure used to assess the Asset Management segment's generation of earnings from revenues that are measured and received on a more recurring basis as compared to KKR's investing earnings. KKR believes this measure is useful to stockholders as it provides additional insight into the profitability of our fee generating asset management and capital markets businesses. FRE equals (i) Management Fees, including fees paid by the Insurance and Strategic Holdings segments to the Asset Management segment and fees paid by Ivy vehicles and other reinsurance vehicles, (ii) Transaction and Monitoring Fees, Net and (iii) Fee Related Performance Revenues, less (x) Fee Related Compensation, and (y) Other Operating Expenses.
• Fee Related Performance Revenues refers to the realized portion of performance fees from certain AUM that has an indefinite term and for which there is no immediate requirement to return invested capital to investors upon the realization of investments. Fee related performance revenues consists of performance fees (i) expected to be received from our investment funds, vehicles and accounts on a recurring basis, and (ii) that are not dependent on a realization event involving investments held by the investment fund, vehicle or account.
• Fee Related Compensation refers to the compensation expense, excluding equity-based compensation, paid from (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, and (iii) Fee Related Performance Revenues.
• Other Operating Expenses represents the sum of (i) occupancy and related charges and (ii) other operating expenses.

• Strategic Holdings Operating Earnings is a performance measure used to assess the firm's

• earnings from companies and businesses reported through its Strategic Holdings segment. Strategic Holdings Operating Earnings currently consists of earnings derived from dividends that the firm receives from businesses acquired through the firm's participation in our core private equity strategy. Strategic Holdings Operating Earnings currently equals dividends less management fees that are earned by our Asset Management segment. This measure is used by management to assess the Strategic Holdings segment's generation of earnings from revenues that are measured and received on a more recurring basis than, and are not dependent on, realizationsfrom investment activities.

• Total Operating Earnings is a performance measure that represents the sum of (i) FRE, (ii) Insurance Operating Earnings, and (iii) Strategic Holdings Operating Earnings. KKR believes this measure is useful to stockholders as it provides additional insight into the profitability of the most recurring forms of earnings from each of KKR's segments as compared to investing earnings.
• Total Investing Earnings is a performance measure that represents the sum of (i) Net Realized Performance Income and (ii) Net Realized Investment Income. KKR believes this measure is useful to stockholders as it provides additional insight into the earnings of KKR's segments from the realization of investments.
• Total Asset Management Segment Revenues is a performance measure that represents the realized revenues of the Asset Management segment (which excludes unrealized carried interest and unrealized gains (losses) on investments) and is the sum of (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, (iii) Fee Related Performance Revenues, (iv) Realized Performance Income, and (v) Realized Investment Income. Asset Management Segment Revenues excludes Realized Investment Income earned based on the performance of businesses presented in the Strategic Holdings segment. KKR believes that this performance measure is useful to stockholders as it provides additional insight into all forms of realized revenues generated by our Asset Managementsegment.
• Adjusted shares represents shares of common stock of KKR & Co. Inc. outstanding under GAAP adjusted to include certain vested securities exchangeable into shares of common stock of KKR & Co. Inc. Adjusted shares excludes the potential dilutive impact of: (i) any conversion of the Series D Mandatory Convertible Preferred Stock and (ii) unvested shares of common stock and exchangeable securities.
• Perpetual capital refers to a component of AUM that has an indefinite term and for which there is no predetermined requirement to return invested capital to investors upon the realization of investments. Perpetual capital includes the AUM of our registered funds, certain unregistered vehicles, listed companies, and insurance companies, and it excludes our traditional private equity funds, similarly structured investment funds, collateralized loan obligations, hedge fund partnerships and certain other investment vehicles. Investors should not view this component of our AUM as being permanent without exception, because it can be subject to material reductions and even termination. Perpetual capital is subject to material reductions from changes in valuation and withdrawals by or payments to investors, clients and policyholders (including through elections by investors to redeem their fund investments, periodic dividends, and payment obligations under insurance policies and reinsurance agreements) as well as termination by a client of, or failure to renew, its investment management agreement with KKR.

Important Information – Other Legal Disclosures

Past Performance and Investment Returns

Past performance is not a guarantee of future results. Information about any fund or strategy and investments made by such fund or strategy, including past performance of such fund, strategy or investment, is provided solely to illustrate KKR's investment experience, and processes and strategies used by KKR in the past with respect to such funds or strategies. The performance information relating to KKR's historical investments is not intended to be indicative of any fund's or strategy's future results or the future results of KKR. Certain funds or strategies are also relatively new and their limited historical results may not be indicative of results they will experience over a longer period of time. There can be no assurance that any KKR entity (including any KKR investment fund, vehicle or account, the KKR balance sheet, the Strategic Holdings segment, or Global Atlantic insurance company) will achieve results comparable to any results included in this presentation, or that any investments made by a KKR entity now, in the past or in the future will be profitable, or that KKR entities will find investment opportunities similar to any presented in connection with this presentation. Actual realized value of currently unrealized investments will depend on, among other factors, the value of the investments and market conditions at the time of disposition, related transaction costs, the timing and manner of sale, and many of the risks described in the forward-looking statements section of this Annex, all of which may differ from the assumptions and circumstances on which the currently unrealized valuations are based. Accordingly, the actualrealized values of unrealized investments may differ materially from the values indicated herein.

Third Party Sources and Other Information

Certain information presented in this presentation has been developed internally or obtained from sources believed to be reliable; however, KKR does not give any representation or warranty as to the accuracy, adequacy, timeliness or completeness of such information, and assumes no responsibility for independent verification of such information.

Forward-Looking Statements

This presentation contains certain forward-looking statements pertaining to KKR, including investment funds, vehicles and accounts managed by KKR and Global Atlantic. You can identify these forward-looking statements by the use of words such as "opportunity," "outlook," "believe," "think," "expect," "feel," "potential," "continue," "may," "should," "seek," "approximately," "predict," "intend," "will," "plan," "estimate," "anticipate," "visibility," "positioned," "path to," "conviction", the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including but, not limited to, any statements with respect to: statements regarding KKR's business, financial condition, liquidity and results of operations, including Capital Invested, uncalled commitments, cash and short-term investments, and levels of indebtedness; the potential for future business growth; outstanding shares of common stock of KKR & Co. Inc. and its capital structure; non-GAAP and segment measures and performance metrics, including AUM, FPAUM, ANI, TOE, Book Value, Total Segment Earnings, FRE, Insurance Operating Earnings, Strategic Holdings Operating Earnings, Total Investing Earnings, and Total Segment Earnings; the declaration and payment of dividends on capital stock of KKR & Co. Inc.; the timing, manner and volume of repurchase of shares of capital stock of KKR & Co. Inc.; our statements regarding the potential of, and future financial results from, KKR's Strategic Holdings segment (including expectations about dividend payments from companies and businesses in the Strategic Holdings segment in the future, the future growth of such companies and businesses, the potential for

compounding earnings over a long period of time from such segment, and the belief that such segment is an unconstrained business line); KKR's ability to grow its AUM, to deploy capital, to realize unrealized investment appreciation, and the time period over which such events may occur; KKR's ability to manage the investments in and operations of acquired companies and businesses; the effects of any transactional activity on KKR's operating results, including pending sales of investments; expansion and growth opportunities and other synergies resulting from acquisitions of companies (including the acquisition and integration of Global Atlantic and businesses in our Strategic Holdings segment), internal reorganizations or strategic partnerships with third parties; the timing and expected impact to our business of any new investment fund, vehicle or product launches; the timing and completion of certain transactions contemplated by the Reorganization Agreement entered into on October 8, 2021 by KKR & Co. Inc. pursuant to which the parties agreed to undertake a series of integrated transactions to effect a number of transformative structural and governance changes in the future; the implementation or execution of, or results from, any strategic initiatives (including efforts to access private wealth investors and the modification of our compensation framework announced on November 29, 2023, which decreased the targeted percentage of compensation from fee related revenues and increased the targeted percentage from realized carried interest and incentive fees).

Expected dividend amounts and investment returns in the business segment Strategic Holdings may be materially less than our current expectations or not materialize at all, and the volatility of employee compensation as a result of the modification of our compensation framework could impact our ability to hire, retain, and motivate our employees whom we are dependent on.

These forward-looking statements are based on KKR's beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. These forward-looking statements are based on KKR's beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. The use of words such as "unconstrained," "consistent," "trends," "dominant" or comparable words or other statements is not a guarantee of future performance or that any other statements to which these apply are guaranteed to occur. If a change occurs, forward-looking statements made as part of this presentation may vary materially from those expressed in the applicable forward-looking statements.

These forward-looking statements include target, goal, hypothetical or estimated results, projections and other comparable phrases and concepts are hypothetical in nature and are shown for illustrative, informational purposes only. Except as otherwise specifically stated, this information is not intended to forecast or predict future events, but rather to show the hypothetical estimates calculated using the specific assumptions presented herein. It does not reflect any actual results, which may differ materially. Certain of the forward-looking information has been made for illustrative purposes and may not materialize. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in calculating the target, goal, hypothetical or estimated results have been stated or fully considered. Changes in the assumptions may have a material impact on the target, goal, hypothetical or estimated results presented. Target, goal, hypothetical or estimated results or projections may not materialize.

Important Information – Other Legal Disclosures (cont'd)

Forward-Looking Statements(cont'd)

These statements are subject to numerous risks, uncertainties and assumptions, including those listed here in the above and below paragraphs and described under the section entitled "Risk Factors" in KKR & Co. Inc.'s Annual Report on Form 10‐K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as being exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation and in KKR & Co. Inc.'s filings with the SEC.

All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law.

Without limiting the statements made in the prior paragraphs, the following risks, among others, could cause actual results to vary from the forward-looking statements:

• risks related to our business, including: future business growth and various assumptions about the ability to capitalize on growth opportunities and future business performance, the assumptions and estimates used in any forward-looking statements made herein, including relating to New Capital Raised, Assets Under Management, Fee Related Earnings per share, Total Operating Earnings per share, Adjusted Net Income per share, Strategic Holdings Operating Earnings, the timing and amounts generated by the monetization of investments held by KKR or its investment vehicles, difficult market and economic conditions; geopolitical developments and other local and global events, including uncertainties resulting from changes to U.S. and global tariff policies and escalating trade tensions; disruptions caused by natural disasters and catastrophes; our liquidity requirements and sources of liquidity; assets we refer to as "perpetual capital" being subject to material reduction; high variability in earnings and cash flow; "clawback" provisions in our governing agreements; inability to raise additional or successor funds successfully; increasing focus by stakeholders on sustainability matters; intense competition in the investment management and insurance industries; changes in relevant tax laws, regulations and treaties or adverse interpretations by tax authorities; recruiting, retaining and motivating our employees and other key personnel; our reliance on third-party service providers; cybersecurity failures and data security breaches; the unpredictable impact of artificial intelligence, rapidly developing and changing global privacy laws; expansion into new investment strategies, geographic markets, businesses and types of investors; failure to manage existing balance sheet commitments; extensive regulation of our businesses (including compliance with applicable laws); litigation and negative publicity; ineffective risk management activities;

• risks related to our investment activities, including risks involving: historical returns not being indicative of future results; valuation methodologies for establishing the fair value of certain assets can be subjective; the impact on valuations by market and economic conditions; changes in debt or equity markets; dependence on significant leverage in our investments; exposures to, and investments in, leveraged companies or companies experiencing financial or business difficulties; concentration of investments by type of issuer, geographic region, asset types, or otherwise; investments in relatively illiquid assets; investments in real assets; investments in emerging and less established companies; investments in companies that are based outside of the United States; and investors in certain of our investment vehicles are entitled to redeem their investments in these vehicles on a periodic basis;

• risks related to our insurance activities, including risks involving: possibility of not achieving the intended benefit of the Global Atlantic acquisitions (including a failure to realize anticipated benefits within the expected timeframes or a failure to integrate into our operations and management systems and controls); volatile market and economic conditions including sustained periods of low or high interest rates; difference between policyholder behavior estimates, reserve assumptions and actual claims experience; estimates used in preparation of financial statements and models for insurance products; our ability to execute Global Atlantic's growth strategies successfully; Global Atlantic's actual or perceived financial strength and ratings of Global Atlantic and its subsidiaries; business Global Atlantic reinsures and business it cedes to reinsurers; changes in accounting standards applicable to insurance companies; volatility in our insurance business's net income under GAAP; reinsurance assets held in trust, which limit Global Atlantic's ability to invest those assets; determination of the amount of impairments and allowances for credit losses; triggering a recapture event under reinsurance agreements where Global Atlantic's clients may recapture some or all of the assumed business; liquidity risks from Global Atlantic's membership in Federal Home Loan Banks and repurchase and reverse repurchase transactions that subject Global Atlantic to liquidity risks; changes in relevant tax laws, regulations or treaties; regulations, including those related to capital requirements, that apply to Global Atlantic; Bermuda insurance subsidiaries possibly being subject to additional licensing requirements; and not being able to mitigate the reserve strain associated with statutory accounting rules; and

• risks related to our organizational structure, including risks involving: our status as a controlled company; declining common stock price due to the large number of shares eligible for future sale and issuable as grants or in acquisitions; ability to issue preferred stock may cause the price of our common stock to decline; our right to repurchase all outstanding shares of common stock under specified circumstances; limitations on our ability to pay periodic dividends; our obligations to make payments to our principals pursuant to a tax receivable agreement; potential application of restrictions under the Investment Company Act of 1940; and reorganizations undertaken by us.

Important Information – Other Legal Disclosures (cont'd)

Website

From time to time, KKR may use its website as a channel of distribution of material company information. Financial and other important information regarding KKR is routinely posted and accessible on the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/. Information on these websites are not incorporated by reference herein and are not a part of this presentation. In addition, you may automatically receive email alerts and other information about KKR by enrolling your email address at the "Email Alerts" area of the Investor Center on the website.

KKR Entities

Any discussion of specific KKR entities other than KKR & Co. Inc. is provided solely to demonstrate such entities' role within the KKR organization and their contributions to the business, operations and financial results of KKR & Co. Inc. Each KKR entity is responsible for its own financial, contractual and legal obligations.

Nothing in this presentation is intended to constitute, and shall not be construed as constituting, the provision of any tax, accounting, financial, investment, insurance, regulatory, legal or other advice by KKR or its representatives. Without limiting the foregoing, this presentation is not and shall not be construed as an "advertisement" for purposes of the Investment Advisers Act of 1940, as amended, or an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any security, service or product of or by any KKR entity, including but not limited to any investment advice, any investment fund, vehicle or account, any capital markets service, or any insurance product, including but not limited to (i) any investment funds, vehicles or accounts sponsored, advised or managed by (or any investment advice from) Kohlberg Kravis Roberts & Co. L.P., KKR Credit Advisors (US) LLC, KKR Credit Advisors (Ireland) or other subsidiary, (ii) any capital markets services by KKR Capital Markets LLC ("KCM") or any KCM affiliate outside the United States, or (iii) any insurance product or reinsurance offered by Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Global Atlantic Re Limited, Global Atlantic Assurance Limited or any other Global Atlantic owned or sponsored insurance company, or any investment or insurance product or reinsurance offered by any insurance-related vehicle sponsored or managed by Global Atlantic.

Each KKR entity is responsible for its own financial, contractual and legal obligations. This presentation has been prepared solely for informational purposes. This presentation is not intended to make, and does not make, any financial or investment recommendation or otherwise promote a product or service of KCM or any of its affiliates.