KKR & Co. (KKR) 10-K28 Feb 222021 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2021	Feb. 24, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-34820
Entity Registrant Name	KKR & CO. INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0426107
Entity Address, Address Line One	30 Hudson Yards
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	750-8300
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 33.1
Entity Common Stock, Shares Outstanding		591,145,410
Entity Central Index Key	0001404912
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	KKR
Security Exchange Name	NYSE
Series C Mandatory Convertible Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	6.00% Series C Mandatory Convertible Preferred Stock
Trading Symbol	KKR PR C
Security Exchange Name	NYSE
KKR Issued 4.625% Notes Due 2061
Document Information [Line Items]
Title of 12(b) Security	4.625% Subordinated Notes due 2061 of KKR Group Finance Co. IX LLC
Trading Symbol	KKRS
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2021
Auditor [Line Items]
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, New York
Auditor Firm ID	34

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Due from Affiliates	$ 1,224,283	$ 872,994
Other Assets	7,939,831	2,665,336
Liabilities and Equity
Due to Affiliates	462,722	325,177
Accrued Expenses and Other Liabilities	11,160,463	5,257,813
Commitments and Contingencies (See Note 24)
Redeemable Noncontrolling Interests	82,491	0
Stockholders' Equity
Common Stock	5,957	5,729
Additional Paid-In Capital	8,997,435	8,687,817
Retained Earnings	7,670,182	3,440,782
Accumulated Other Comprehensive Income (Loss)	(209,789)	(18,612)
Total KKR & Co. Inc. Stockholders' Equity	17,582,164	13,716,818
Noncontrolling Interests	40,474,565	27,083,098
Total Equity	58,056,729	40,799,916
Total Liabilities and Equity	264,285,440	79,806,502
Consolidated VIEs
Assets
Cash and Cash Equivalents		1,012,419
Restricted Cash and Cash Equivalents		59,490
Investments		50,406,538
Other Assets		312,317
Total Assets	94,122,344	51,790,764
Liabilities and Equity
Debt Obligations		21,626,385
Accrued Expenses and Other Liabilities		1,194,466
Total Liabilities	30,216,388	22,820,851
Consolidated VIEs \| Consolidated CLOs
Assets
Cash and Cash Equivalents		749,395
Restricted Cash and Cash Equivalents		0
Investments		17,706,976
Other Assets		161,621
Total Assets	23,466,130	18,617,992
Liabilities and Equity
Debt Obligations		17,372,740
Accrued Expenses and Other Liabilities		782,056
Total Liabilities	22,638,862	18,154,796
Consolidated VIEs \| Consolidated Funds
Assets
Cash and Cash Equivalents		263,024
Restricted Cash and Cash Equivalents		59,490
Investments		32,699,562
Other Assets		150,696
Total Assets	48,598,754	33,172,772
Liabilities and Equity
Debt Obligations		4,253,645
Accrued Expenses and Other Liabilities		412,410
Total Liabilities	6,982,580	4,666,055
Consolidated VIEs \| Other VIEs
Assets
Total Assets	22,057,460
Liabilities and Equity
Total Liabilities	594,946
Series A And Series B Preferred Stock
Stockholders' Equity
Preferred Stock	0	482,554
Series C Mandatory Convertible Preferred Stock
Stockholders' Equity
Preferred Stock	1,115,792	1,115,792
Series I Preferred Stock
Stockholders' Equity
Preferred Stock	0	0
Series II Preferred Stock
Stockholders' Equity
Preferred Stock	2,587	2,756
Asset Management
Assets
Cash and Cash Equivalents	6,699,668	6,507,874
Restricted Cash and Cash Equivalents	134,298	485,583
Investments	88,775,514	69,274,715
Due from Affiliates	1,224,283	872,994
Other Assets	2,886,313	2,665,336
Total Assets	99,720,076	79,806,502
Liabilities and Equity
Debt Obligations	36,669,755	33,423,596
Due to Affiliates	462,722	325,177
Accrued Expenses and Other Liabilities	7,896,897	5,257,813
Total Liabilities	45,029,374	39,006,586
Asset Management \| Consolidated VIEs
Assets
Cash and Cash Equivalents	2,301,950
Restricted Cash and Cash Equivalents	90,255
Investments	68,857,404
Other Assets	815,275
Total Assets	72,064,884
Liabilities and Equity
Debt Obligations	27,562,376
Accrued Expenses and Other Liabilities	2,059,066
Total Liabilities	29,621,442
Asset Management \| Consolidated VIEs \| Consolidated CLOs
Assets
Cash and Cash Equivalents	1,215,992
Restricted Cash and Cash Equivalents	0
Investments	22,076,809
Other Assets	173,329
Total Assets	23,466,130
Liabilities and Equity
Debt Obligations	21,271,084
Accrued Expenses and Other Liabilities	1,367,778
Total Liabilities	22,638,862
Asset Management \| Consolidated VIEs \| Consolidated Funds
Assets
Cash and Cash Equivalents	1,085,958
Restricted Cash and Cash Equivalents	90,255
Investments	46,780,595
Other Assets	641,946
Total Assets	48,598,754
Liabilities and Equity
Debt Obligations	6,291,292
Accrued Expenses and Other Liabilities	691,288
Total Liabilities	6,982,580
Asset Management \| Consolidated VIEs \| Other VIEs
Assets
Cash and Cash Equivalents	0
Restricted Cash and Cash Equivalents	0
Investments	0
Other Assets	0
Total Assets	0
Liabilities and Equity
Debt Obligations	0
Accrued Expenses and Other Liabilities	0
Total Liabilities	0
Insurance
Assets
Cash and Cash Equivalents	3,391,934	0
Restricted Cash and Cash Equivalents	300,404	0
Investments	123,763,675	0
Accrued Investment Income	817,486	0
Reinsurance Recoverable	25,062,256	0
Insurance Intangible Assets	1,407,149	0
Other Assets	5,053,518	0
Separate Account Assets	5,586,428	0
Total Assets	164,565,364	0
Liabilities and Equity
Debt Obligations	1,908,006	0
Policy Liabilities	126,520,044	0
Funds Withheld Payable at Interest	23,460,253	0
Accrued Expenses and Other Liabilities	3,263,566	0
Reinsurance Liabilities	378,549	0
Separate Account Liabilities	5,586,428	0
Total Liabilities	161,116,846	0
Insurance \| Consolidated VIEs
Assets
Cash and Cash Equivalents	1,406,974
Investments	20,043,016
Accrued Investment Income	100,693
Other Assets	506,777
Total Assets	22,057,460
Liabilities and Equity
Accrued Expenses and Other Liabilities	594,946
Insurance \| Consolidated VIEs \| Consolidated CLOs
Assets
Cash and Cash Equivalents	0
Investments	0
Accrued Investment Income	0
Other Assets	0
Total Assets	0
Liabilities and Equity
Accrued Expenses and Other Liabilities	0
Insurance \| Consolidated VIEs \| Consolidated Funds
Assets
Cash and Cash Equivalents	0
Investments	0
Accrued Investment Income	0
Other Assets	0
Total Assets	0
Liabilities and Equity
Accrued Expenses and Other Liabilities	0
Insurance \| Consolidated VIEs \| Other VIEs
Assets
Cash and Cash Equivalents	1,406,974
Investments	20,043,016
Accrued Investment Income	100,693
Other Assets	506,777
Total Assets	22,057,460
Liabilities and Equity
Accrued Expenses and Other Liabilities	594,946
Asset Management And Insurance Segments
Assets
Total Assets	264,285,440	79,806,502
Liabilities and Equity
Total Liabilities	$ 206,146,220	$ 39,006,586

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	3,500,000,000	3,500,000,000
Common stock, shares issued (in shares)	595,663,618	572,893,738
Common stock, shares outstanding (in shares)	595,663,618	572,893,738
Series A Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	13,800,000
Preferred stock, shares outstanding (in shares)	0	13,800,000
Series B Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	6,200,000
Preferred stock, shares outstanding (in shares)	0	6,200,000
Series C Mandatory Convertible Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	23,000,000	23,000,000
Preferred stock, shares outstanding (in shares)	23,000,000	23,000,000
Series I Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	1	1
Preferred stock, shares outstanding (in shares)	1	1
Preferred stock, shares authorized (in shares)	1	1
Series II Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	258,726,163	275,626,493
Preferred stock, shares outstanding (in shares)	258,726,163	275,626,493
Preferred stock, shares authorized (in shares)	499,999,999	499,999,999

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues [Abstract]
Net Premiums	$ 2,226,078
Net Investment Income	2,845,623
Total Revenues	16,236,148	$ 4,230,891	$ 4,220,900
Expenses
Total Expenses	11,422,524	2,933,132	2,908,431
Investment Income (Loss) - Asset Management
Net Gains (Losses) from Investment Activities	7,720,923	3,642,804	3,161,884
Dividend Income	698,800	352,563	318,972
Interest Income	1,485,470	1,403,440	1,418,516
Interest Expense	(1,070,368)	(969,871)	(1,043,551)
Total Investment Income (Loss)	8,834,825	4,428,936	3,855,821
Income (Loss) Before Taxes	13,648,449	5,726,695	5,168,290
Income Tax Expense (Benefit)	1,353,270	609,097	528,750
Net Income (Loss)	12,295,179	5,117,598	4,639,540
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	4,060	0	0
Net Income (Loss) Attributable to Noncontrolling Interests	7,624,643	3,115,089	2,634,491
Net Income (Loss) Attributable to KKR & Co. Inc.	4,666,476	2,002,509	2,005,049
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	4,560,829	1,945,954	1,971,685
Series A Preferred Stock Dividends
Investment Income (Loss) - Asset Management
Preferred Stock Dividends	23,656	23,288	23,288
Series B Preferred Stock Dividends
Investment Income (Loss) - Asset Management
Preferred Stock Dividends	12,991	10,076	10,076
Series C Mandatory Convertible Preferred Stock
Investment Income (Loss) - Asset Management
Preferred Stock Dividends	$ 69,000	$ 23,191	$ 0
Common Stock
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock
Basic (in dollars per share)	$ 7.83	$ 3.45	$ 3.62
Diluted (in dollars per share)	$ 7.31	$ 3.37	$ 3.54
Weighted Average Shares of Common Stock Outstanding
Basic (in shares)	582,258,984	562,812,883	545,096,999
Diluted (in shares)	633,092,865	583,685,352	557,687,512
Asset Management
Revenues [Abstract]
Fees and Other	$ 2,850,154	$ 2,006,791	$ 1,790,475
Capital Allocation-Based Income (Loss)	6,842,414	2,224,100	2,430,425
Total Revenues	9,692,568	4,230,891	4,220,900
Expenses
Compensation and Benefits	4,428,743	2,152,490	2,116,890
Occupancy and Related Charges	69,084	72,100	62,728
General, Administrative and Other	959,077	708,542	728,813
Total Expenses	5,456,904	2,933,132	2,908,431
Insurance
Revenues [Abstract]
Net Premiums	2,226,078	0	0
Policy Fees	1,147,913	0	0
Net Investment Income	2,845,623	0	0
Net Investment-Related Gains (Losses)	203,753	0	0
Other Income	120,213	0	0
Total Revenues	6,543,580	0	0
Expenses
General, Administrative and Other	555,321	0	0
Policy Benefits and Claims	5,055,709	0	0
Amortization of Policy Acquisition Costs	(65,949)	0	0
Interest Expense	61,661	0	0
Insurance Expenses	358,878	0	0
Total Expenses	$ 5,965,620	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 12,295,179	$ 5,117,598	$ 4,639,540
Other Comprehensive Income (Loss), Net of Tax:
Unrealized Gains (Losses) on Available-For-Sale Securities and Other	(387,338)	0	0
Foreign Currency Translation Adjustments	(39,521)	32,658	(3,398)
Comprehensive Income (Loss)	11,868,320	5,150,256	4,636,142
Comprehensive Income (Loss) Attributable to Redeemable Noncontrolling Interests	4,060	0	0
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	7,381,242	3,123,188	2,632,151
Comprehensive Income (Loss) Attributable to KKR & Co. Inc.	$ 4,483,018	$ 2,027,068	$ 2,003,991

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Parent	Preferred StockSeries A And Series B Preferred Stock	Preferred StockSeries A Preferred Stock	Preferred StockSeries B Preferred Stock	Preferred StockSeries C Mandatory Convertible Preferred Stock	Preferred StockSeries I Preferred Stock	Preferred StockSeries II Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained EarningsSeries A Preferred Stock	Retained EarningsSeries B Preferred Stock	Retained EarningsSeries C Mandatory Convertible Preferred Stock	Accumulated Other Comprehensive Income (Loss) (net of tax)	Noncontrolling Interests
Stockholders' equity, beginning balance at Dec. 31, 2018			$ 482,554				$ 0	$ 2,991	$ 5,349	$ 8,106,408	$ 91,953				$ (39,645)
Shares outstanding, beginning balance (in shares) at Dec. 31, 2018			20,000,000				1	299,081,239	534,857,237
Increase (Decrease) in Stockholders' Equity
Cancellation of Series II Preferred Stock								$ (87)
Cancellation of Series II Preferred Stock (in shares)								(8,699,894)
Exchange of KKR Holdings Units									$ 87	162,761					(936)
Exchange of KKR Holding Units (in shares)									8,699,894
Tax Effects - Exchange of KKR Holdings Units and Other										4,190
Net Delivery of Common Stock									$ 101
Net Delivery of Common Stock (in shares)									10,135,649
Repurchases of Common Stock									$ (29)	(72,095)
Repurchases of Common Stock (in shares)									(2,859,452)
Common Stock Issued in Connection with the Purchase of Investments									$ 92	247,933
Common Stock Issued in Connection with the Purchase of an Investment (in shares)									9,174,251
Tax Effects - Exchange of KKR Holdings Units and Other	$ 4,190
Net Delivery of Common Stock										(91,067)
Equity-Based Compensation										207,789
Net Income (Loss) Attributable to KKR & Co. Inc.	2,005,049										2,005,049
Preferred Stock Dividends												$ (23,288)	$ (10,076)
Common Stock Dividends											(271,486)
Other Comprehensive Income (Loss)	(3,398)														(1,058)
Shares outstanding, ending balance (in shares) at Dec. 31, 2019			20,000,000			0	1	290,381,345	560,007,579
Stockholders' equity, ending balance at Dec. 31, 2019	30,502,374	$ 10,807,490	$ 482,554			$ 0	$ 0	$ 2,904	$ 5,600	8,565,919	1,792,152				(41,639)	$ 19,694,884
Increase (Decrease) in Stockholders' Equity
Cancellation of Series II Preferred Stock								$ (148)
Cancellation of Series II Preferred Stock (in shares)								(14,754,852)
Share Issuance						$ 1,115,792
Share issuance (in shares)						23,000,000
Exchange of KKR Holdings Units									$ 148	293,057					(1,532)
Exchange of KKR Holding Units (in shares)									14,754,852
Net Delivery of Common Stock									$ 83	(78,400)
Net Delivery of Common Stock (in shares)									8,355,264
Clawback of Transfer Restricted Shares (in shares)									(14,284)
Repurchases of Common Stock									$ (102)	(246,058)
Repurchases of Common Stock (in shares)									(10,209,673)
Tax Effects - Exchange of KKR Holdings Units and Other	(9,167)									(9,167)
Equity-Based Compensation										193,750
Transfer of Interests Under Common Control										14,385
Transfer of Oil and Gas Interests (See Note 2)										(45,669)
Net Income (Loss) Attributable to KKR & Co. Inc.	2,002,509										2,002,509
Preferred Stock Dividends												(23,288)	(10,076)	$ (23,191)
Common Stock Dividends											(297,324)
Other Comprehensive Income (Loss)	32,658														24,559
Shares outstanding, ending balance (in shares) at Dec. 31, 2020			20,000,000			23,000,000	1	275,626,493	572,893,738
Stockholders' equity, ending balance at Dec. 31, 2020	40,799,916	13,716,818	$ 482,554			$ 1,115,792	$ 0	$ 2,756	$ 5,729	8,687,817	3,440,782				(18,612)	27,083,098
Increase (Decrease) in Stockholders' Equity
Redemption of Preferred Stock				$ (332,988)	$ (149,566)							(12,012)	(5,434)
Redemption of Preferred Stock (in shares)				(13,800,000)	(6,200,000)
Cancellation of Series II Preferred Stock								$ (169)
Cancellation of Series II Preferred Stock (in shares)								(16,900,330)
Share Issuance									$ 9	38,454
Share issuance (in shares)									964,871
Exchange of KKR Holdings Units									$ 169	530,194					(7,719)
Exchange of KKR Holding Units (in shares)									16,900,330
Net Delivery of Common Stock									$ 95	(166,939)
Net Delivery of Common Stock (in shares)									9,383,733
Clawback of Transfer Restricted Shares (in shares)									(16,521)
Repurchases of Common Stock									$ (45)	(269,665)
Repurchases of Common Stock (in shares)									(4,462,533)
Tax Effects - Exchange of KKR Holdings Units and Other	6,929									6,929
Equity-Based Compensation										170,645
Net Income (Loss) Attributable to KKR & Co. Inc.	4,666,476										4,666,476
Preferred Stock Dividends												$ (11,644)	$ (7,557)	$ (69,000)
Common Stock Dividends											(331,429)
Other Comprehensive Income (Loss)	(39,521)														(183,458)
Shares outstanding, ending balance (in shares) at Dec. 31, 2021			0			23,000,000	1	258,726,163	595,663,618
Stockholders' equity, ending balance at Dec. 31, 2021	58,056,729	$ 17,582,164	$ 0			$ 1,115,792	$ 0	$ 2,587	$ 5,957	$ 8,997,435	$ 7,670,182				$ (209,789)	$ 40,474,565
Increase (Decrease) in Stockholders' Equity
Redeemable non-controlling interests	$ 82,491

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common stock, dividends declared (in dollars per share)	$ 0.58
Series A Preferred Stock
Preferred stock, dividends declared (in dollars per share)	0.843750	$ 1.687500	$ 1.687500
Series B Preferred Stock
Preferred stock, dividends declared (in dollars per share)	1.218750	1.625000	1.625000
Series C Mandatory Convertible Preferred Stock
Preferred stock, dividends declared (in dollars per share)	3	1.008300
Common Stock
Common stock, dividends declared (in dollars per share)	$ 0.57	$ 0.53	$ 0.50

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net Income (Loss)	$ 12,295,179	$ 5,117,598	$ 4,639,540
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Equity-Based and Other Non-Cash Compensation	529,816	326,758	297,708
Change in Unrealized (Gains) Losses - Asset Management	(5,338,714)	(3,479,865)	(2,664,538)
Net Accretion and Amortization	386,867	(64,154)	(34,493)
Other Non-Cash Amounts	(102,871)	10,901	(10,757)
Cash Flows Due to Changes in Operating Assets and Liabilities:
Change in Consolidation	(373,761)	8,624	(137,498)
Change in Due from / to Affiliates	(431,292)	(214,227)	(82,508)
Change in Other Assets	465,288	(571,336)	954,554
Change in Accrued Expenses and Other Liabilities	2,143,039	1,187,516	327,431
Net Cash Provided (Used) by Operating Activities	(7,176,708)	(5,953,693)	(5,682,155)
Investing Activities
Acquisition of Global Atlantic, Net of Cash Acquired	(473,779)	0	0
Purchases of Fixed Assets	(102,049)	(142,258)	(194,569)
Development of Oil and Natural Gas Properties	0	(11,128)	(12,793)
Net Cash Provided (Used) by Investing Activities	(9,605,548)	(153,386)	(207,362)
Financing Activities
Common Stock Dividends	(331,429)	(297,324)	(271,486)
Distributions to Redeemable Noncontrolling Interests	(2,015)	0	0
Distributions to Noncontrolling Interests	(7,484,620)	(5,160,539)	(3,169,975)
Contributions from Noncontrolling Interests	13,847,646	9,242,255	4,669,756
Issuance of Series C Mandatory Convertible Preferred Stock (net of issuance costs)	0	1,115,792	0
Redemption of Series A and B Preferred Stock	(500,000)	0	0
Net Delivery of Common Stock (Equity Incentive Plans)	(166,844)	(78,317)	(90,966)
Repurchases of Common Stock	(269,710)	(246,160)	(72,124)
Private Placement Share Issuance	38,463	0	0
Proceeds from Debt Obligations	30,369,415	16,620,416	14,811,703
Repayment of Debt Obligations	(21,473,835)	(11,293,648)	(9,310,771)
Financing Costs Paid	(128,753)	(42,216)	(47,784)
Net Cash Provided (Used) by Financing Activities	20,363,994	9,803,704	6,484,989
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(48,891)	59,416	432
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash	3,532,847	3,756,041	595,904
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	6,993,457	3,237,416	2,641,512
Cash, Cash Equivalents and Restricted Cash, End of Period	10,526,304	6,993,457	3,237,416
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	10,526,304	6,993,457	3,237,416
Supplemental Disclosures of Cash Flow Information
Payments for Interest	1,241,886	1,045,297	1,032,818
Payments for Income Taxes	658,578	179,915	129,929
Payments for Operating Lease Liabilities	46,585	54,056	50,574
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Equity-Based and Other Non-Cash Contributions	434,278	327,134	299,087
Common Stock Issued in Connection with the Purchase of Investments	0	0	248,025
Non-Cash Contribution from Noncontrolling Interests	845,943	618,452	0
Non-Cash Distribution to Redeemable Noncontrolling Interests	(11,399)	0	0
Debt Obligations - Net Gains (Losses), Translation and Other	593,699	(849,179)	(262,512)
Transfer of Oil and Gas Interests (See Note 2)	0	(69,027)	0
Tax Effects - Exchange of KKR Holdings L.P. Units and Other	6,929	(9,167)	4,190
Right-of-Use Assets obtained in Exchange for new Operating Lease Liabilities	46,284	79,116	10,669
Investments Acquired through Reinsurance Agreements	16,339,358	0	0
Policyholder Liabilities and Accruals Acquired through Reinsurance Agreements	4,070,473	0	0
Contractholder Deposit Funds Acquired through Reinsurance Agreements	14,773,306	0	0
Change in Consolidation
Investments	(5,293,537)	3,480	(2,038,205)
Due From Affiliates	(3,735)	0	1,642
Other Assets	(67,255)	46,892	(19,703)
Debt Obligations	(4,502,453)	259,822	(1,046,515)
Due to Affiliates	(517)	0	0
Accrued Expenses and Other Liabilities	(39,428)	32,494	(47,731)
Noncontrolling Interests	(1,132,796)	(239,258)	23,123
Redeemable Noncontrolling Interests	0	0	(1,122,641)
Asset Management
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Net Realized (Gains) Losses - Asset Management	(2,382,209)	(162,939)	(497,346)
Change in Unrealized (Gains) Losses - Asset Management	(5,338,714)	(3,479,865)	(2,664,538)
Capital Allocation-Based (Income) Loss - Asset Management	(6,842,414)	(2,224,100)	(2,430,425)
Cash Flows Due to Changes in Operating Assets and Liabilities:
Investments Purchased - Asset Management	(73,509,382)	(47,577,486)	(36,678,379)
Proceeds from Investments - Asset Management	62,902,614	41,689,017	30,634,556
Financing Activities
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	6,993,457	3,237,416	2,641,512
Cash, Cash Equivalents and Restricted Cash, End of Period	6,833,966	6,993,457	3,237,416
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and Cash Equivalents	6,699,668	6,507,874	3,163,154
Restricted Cash and Cash Equivalents	134,298	485,583	74,262
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	6,833,966	6,993,457	3,237,416
Insurance
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Net Realized (Gains) Losses - Insurance	860,165	0	0
Interest Credited to Policyholder Account Balances (net of Policy Fees) - Insurance	1,740,965	0	0
Cash Flows Due to Changes in Operating Assets and Liabilities:
Reinsurance Transactions and Acquisitions, Net of Cash Provided - Insurance	1,373,597	0	0
Change in Premiums, Notes Receivable and Reinsurance Recoverable, Net of Reinsurance Premiums Payable - Insurance	685,802	0	0
Change in Deferred Policy Acquisition Costs - Insurance	(412,671)	0	0
Change in Policy Liabilities and Accruals, Net - Insurance	(1,166,726)	0	0
Investing Activities
Investments Purchased - Insurance	(58,617,575)	0	0
Proceeds from Investments - Insurance	49,567,361	0	0
Other Investing Activities, Net - Insurance	20,494	0	0
Financing Activities
Additions to Contractholder Deposit Funds - Insurance	14,720,510	0	0
Withdrawals from Contractholder Deposit Funds - Insurance	(8,777,045)	0	0
Reinsurance Transactions, Net of Cash Provided - Insurance	610,314	0	0
Other Financing Activity, Net - Insurance	98	0	0
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	0	0
Cash, Cash Equivalents and Restricted Cash, End of Period	3,692,338	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and Cash Equivalents	3,391,934	0	0
Restricted Cash and Cash Equivalents	300,404	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	3,692,338	0	0
Series A And Series B Preferred Stock
Financing Activities
Preferred Stock Dividends	(19,201)	(33,364)	(33,364)
Series C Mandatory Convertible Preferred Stock
Financing Activities
Preferred Stock Dividends	$ (69,000)	$ (23,191)	$ 0

ORGANIZATION

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION KKR & Co. Inc. (NYSE: KKR), through its subsidiaries (collectively, "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 The Global Atlantic Financial Group LLC ("TGAFG" and, together with its subsidiaries, "Global Atlantic"). 2020 Reorganization and Acquisition of KKR Capstone On January 1, 2020, KKR completed an internal reorganization (the "2020 Reorganization"), in which (i) KKR Management Holdings L.P. ("Management Holdings") and KKR International Holdings L.P. ("International Holdings") were combined with KKR Fund Holdings L.P. ("Fund Holdings"), which changed its name to KKR Group Partnership L.P. ("KKR Group Partnership") and became the sole intermediate holding company for KKR's business, (ii) the issuers of each series of KKR’s outstanding senior notes were contributed to KKR Group Partnership and the guarantees by International Holdings and Management Holdings under the senior notes were automatically and unconditionally released and discharged pursuant to the terms of the indentures governing such senior notes, with KKR Group Partnership remaining as a guarantor, and (iii) the ownership interests of certain operating subsidiaries of KKR Group Partnership were reorganized. References to "KKR Group Partnership" for periods prior to the 2020 Reorganization mean Fund Holdings, Management Holdings and International Holdings, collectively, and references to "KKR Group Partnership" for periods following the 2020 Reorganization mean KKR Group Partnership L.P. References to a "KKR Group Partnership Unit" mean (i) one Class A partner interest in each of Fund Holdings, Management Holdings and International Holdings, collectively, for periods prior to the 2020 Reorganization and (ii) one Class A partner interest in KKR Group Partnership for periods following the 2020 Reorganization. Contemporaneously with the 2020 Reorganization, KKR acquired KKR Capstone Americas LLC and its affiliates ("KKR Capstone") on January 1, 2020. KKR Capstone was consolidated prior to January 1, 2020 and consequently, this transaction was accounted for as an equity transaction. This transaction resulted in an increase to the KKR Group Partnership equity. Accordingly, both KKR's equity and noncontrolling interests held by KKR Holdings increased for their proportionate share of the KKR Capstone equity-based on their ownership in KKR Group Partnership on January 1, 2020. 2020 Amendment of Certificate of Incorporation On May 8, 2020 (the "2020 Amendment"), KKR & Co. Inc. amended and restated its Certificate of Incorporation to, among other changes, rename its Class A common stock as common stock and reclassify its Class B common stock and Class C common stock into Series I preferred stock and Series II preferred stock, respectively. Common stock, Series I preferred stock and Series II preferred stock have the same rights and powers that Class A common stock, Class B common stock and Class C common stock had, respectively, prior to the 2020 Amendment. References to "common stock" for periods prior to the 2020 Amendment mean Class A common stock of KKR & Co. Inc. and references to "Series I preferred stock" and "Series II preferred stock" for periods prior to the 2020 Amendment mean Class B common stock and Class C common stock of KKR & Co. Inc., respectively. See Note 22 "Equity." Acquisition of Global Atlantic Financial Group In July 2020, KKR and Global Atlantic Financial Group Limited entered into a strategic transaction whereby KKR agreed to acquire Global Atlantic, a leading retirement and life insurance and reinsurance company. The transaction, which closed on February 1, 2021 (the "GA Acquisition Date"), was funded with a combination of: (i) cash on hand, (ii) proceeds from syndication of the equity interests in Global Atlantic to minority co-investors, (iii) proceeds from the offering of $1,150 million of 6.00% Series C Mandatory Convertible Preferred Stock by KKR & Co. Inc. and (iv) proceeds from the offering of $750 million aggregate principal amount of 3.500% Senior Notes due 2050 by KKR Group Finance Co. VIII LLC. Global Atlantic's results are included in KKR's consolidated financial statements commencing from the GA Acquisition Date. Refer to Note 3 "Acquisition of Global Atlantic" for additional information on the transaction. References herein to "KKR," refer to KKR & Co. Inc. and its subsidiaries, including Global Atlantic, unless the context requires otherwise such as in sections where it refers to the asset management business only. KKR & Co. Inc. is the parent company of KKR Group Holdings Corp., which is the general partner of KKR Group Partnership. KKR & Co. Inc. both indirectly controls KKR Group Partnership and indirectly holds Class A partner interests in KKR Group Partnership ("KKR Group Partnership Units") representing economic interests in KKR's business. The remaining KKR Group Partnership Units are held by KKR Holdings L.P. ("KKR Holdings"), which is not a subsidiary of KKR & Co. Inc., and holders of other exchangeable securities through KKR Holdings II L.P. As of December 31, 2021, KKR & Co. Inc. held indirectly approximately 69.6% of the KKR Group Partnership Units. The percentage ownership in KKR Group Partnership may continue to change as KKR Holdings and the holders of other exchangeable securities exchange their KKR Group Partnership Units for shares of common stock of KKR & Co. Inc. or when KKR & Co. Inc. otherwise issues or repurchases shares of common stock of KKR & Co. Inc. KKR Group Partnership also has outstanding limited partner interests that provide for a carry pool and preferred units with economic terms that mirror the Series C Mandatory Convertible Preferred Stock issued by KKR & Co. Inc. The following table presents the effect of changes in the ownership interest in the KKR Group Partnership on KKR: For the Years Ended December 31, 2021 2020 2019 Net income (loss) attributable to KKR & Co. Inc. $ 4,666,476 $ 2,002,509 $ 2,005,049 Transfers from noncontrolling interests: Exchange of KKR Group Partnership shares held by KKR Holdings L.P. (1) 530,511 288,930 161,270 Change from net income (loss) attributable to KKR & Co. Inc. and transfers from noncontrolling interests held by KKR Holdings $ 5,196,987 $ 2,291,439 $ 2,166,319 (1) Increase in KKR's stockholders' equity for exchange of 16,900,330, 14,754,852, and 8,699,894 KKR Group Partnership units for the years ended December 31, 2021, 2020, and 2019, respectively, held by KKR Holdings L.P., inclusive of deferred taxes. Reorganization Agreement On October 8, 2021, KKR entered into a Reorganization Agreement (the "Reorganization Agreement") with KKR Holdings, KKR Management LLP (which holds the sole outstanding share of Series I preferred stock), KKR Associates Holdings L.P. and the other parties thereto. Pursuant to the Reorganization Agreement, the parties agreed to undertake a series of integrated transactions to effect a number of transformative structural and governance changes, including (a) the acquisition by KKR of KKR Holdings and all of the KKR Group Partnership Units held by it, (b) the future elimination of voting control by KKR Management LLP and its ownership of the Series I preferred stock, (c) the future establishment of voting rights for all common stock on a one vote per share basis, including with respect to the election of directors, and (d) the future control of the carry pool by KKR. In particular, the Reorganization Agreement provides for: i. a simplifying reorganization of KKR’s current corporate structure whereby all holders of common stock of KKR & Co. Inc. immediately prior to such reorganization and all holders of interests in KKR Holdings immediately prior to such reorganization will receive the same common stock in a new parent company of KKR (“New KKR Parent”), ii. the future elimination of control of New KKR Parent by KKR Management LLP by having all voting power vested in the common stock of New KKR Parent on a one vote per share basis on the Sunset Date (as defined below), iii. also on the Sunset Date, the future acquisition of control by KKR of KKR Associates Holdings L.P, the entity providing for the allocation of carry proceeds to KKR employees, also known as the carry pool, iv. the termination of KKR's tax receivable agreement with KKR Holdings other than with respect to exchanges prior to the closing of the mergers contemplated by the Reorganization Agreement, and v. in the merger of KKR Holdings with a subsidiary of New KKR Parent (the “Holdings Merger”), the issuance to limited partners of KKR Holdings of 8.5 million shares (as adjusted for any stock splits or similar adjustments) of common stock of New KKR Parent, which will not be transferrable (except in the case of death or for estate planning purposes) prior to the Sunset Date.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements (referred to hereafter as the "financial statements") have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). KKR consolidates the financial results of KKR Group Partnership and its consolidated entities, which include the accounts of KKR's investment management and capital markets companies, the general partners of certain unconsolidated investment funds, general partners of consolidated investment funds and their respective consolidated investment funds, Global Atlantic’s insurance companies and certain other entities including CFEs. References in the accompanying financial statements to "principals" are to KKR's current and former employees who hold interests in KKR's business through KKR Holdings. References to Global Atlantic hereafter includes the insurance companies of Global Atlantic, which are consolidated by KKR starting on the GA Acquisition Date (refer to Note 3 "Acquisition of Global Atlantic" for additional information on the transaction). The presentations in the consolidated statement of financial condition and consolidated statement of operations reflect the significant industry diversification of KKR by its acquisition of Global Atlantic. Global Atlantic operates an insurance business, and KKR operates an asset management business, each of which possess distinct characteristics. As a result, KKR developed a two-tiered approach for the financial statements presentation, where Global Atlantic's insurance operations are presented separately from KKR's asset management business. KKR believes that these separate presentations provide a more informative view of the consolidated financial position and results of operations than traditional aggregated presentations and that reporting Global Atlantic’s insurance operations separately is appropriate given, among other factors, the relative significance of Global Atlantic’s policy liabilities, which are not obligations of KKR (other than the insurance companies that issued them). If a traditional aggregate presentation were to be used, KKR would expect to eliminate or combine several identical or similar captions, which would condense the presentations, but would also reduce the level of information presented. KKR also believes that using a traditional aggregate presentation would result in no new line items compared to the two-tier presentation included in the financial statements in this report . In addition, in connection with the Global Atlantic acquisition, we organized our business into two segments: Asset Management and Insurance. Global Atlantic’s operations constitute the Insurance segment. See Note 21 "Segment Reporting." The summary of the significant accounting policies has been organized considering the two-tiered approach and includes a section for common accounting policies and an accounting policy section for each of the two tiers when a policy is specific to one of the tiers. In the ordinary course of business, KKR’s Asset Management business and Global Atlantic enter into transactions with each other, which may include transactions pursuant to their investment management agreements and financing arrangements. The borrowings from these financing arrangements are non-recourse to KKR. All the investment management and financing arrangements between KKR and Global Atlantic are eliminated in consolidation; however, KKR's allocated share of the net income from the consolidation of Global Atlantic is increased by the amount of fees earned from and decreased by the amount of interest expense incurred from noncontrolling interest holders in Global Atlantic. Accordingly, the elimination of these fees and interest impacts the net income (loss) attributable to KKR and KKR stockholders' equity for the pro-rata ownership of the noncontrolling interests in Global Atlantic. All intercompany transactions and balances have been eliminated. SIGNIFICANT ACCOUNTING POLICIES - COMMON AMONG ASSET MANAGEMENT AND INSURANCE COVID-19 and Global Economic and Market Conditions The novel strain of coronavirus ("COVID-19") has caused, and continues to cause in certain cases, severe disruptions to the U.S. and global economies. The outbreak of COVID-19 and the actions taken in response have had far reaching impact on the U.S. and global economies, contributing to significant volatility in the financial markets, resulting in increased volatility in currencies, interest rates, and equity prices (including our common stock). Shutdowns in some locations has caused furloughs and layoffs. Furthermore, supply chain disruptions has caused wage, freight and material prices to rise, resulting in margin pressure in certain sectors. Although a number of vaccines for COVID-19 have been developed and have been deployed in certain countries, including the United States, the timing for widespread vaccination and immunity is uncertain, and these vaccines may be less effective against new mutated strains of the virus. Given the ongoing nature of the pandemic, at this time KKR cannot reasonably predict the ultimate impact that COVID-19 will have on KKR’s business, financial performance and operating results. The estimates and assumptions underlying the consolidated financial statements are based on the information available as of December 31, 2021 for the current period and as of December 31, 2020 or December 31, 2019, as applicable. Actual events could differ materially from those estimated or assumed for purposes of KKR's financial reporting. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses, and investment income (loss) during the reporting periods. Such estimates include but are not limited to (i) the valuation of investments and financial instruments, (ii) the determination of the income tax provision, (iii) the impairment of goodwill and intangible assets, (iv) the impairment of available-for-sale investments, (v) the valuation of insurance policy liabilities, (vi) the valuation of embedded derivatives, (vii) the determination of the allowance for loan losses, and (viii) amortization of deferred revenues and expenses associated with the insurance business. Actual results could differ from those estimates, and such differences could be material to the financial statements. Principles of Consolidation The types of entities KKR assesses for consolidation include (i) subsidiaries, including management companies, broker-dealers and general partners of investment funds that KKR manages, (ii) entities that have the attributes of an investment company, like investment funds, (iii) CFEs, (iv) Global Atlantic and its insurance companies beginning on February 1, 2021, and (v) other entities. Each of these entities is assessed for consolidation on a case by case basis depending on the specific facts and circumstances surrounding that entity. For further information on the acquisition accounting for Global Atlantic see Note 3 "Acquisition of Global Atlantic". Pursuant to its consolidation policy, KKR first considers whether an entity is considered a VIE and therefore whether to apply the consolidation guidance under the VIE model. Entities that do not qualify as VIEs are assessed for consolidation as voting interest entities ("VOEs") under the voting interest model. KKR's funds are, for GAAP purposes, investment companies and therefore are not required to consolidate their investments in portfolio companies even if majority-owned and controlled. Rather, the consolidated funds and vehicles reflect their investments at fair value as described below in "Fair Value Measurements." An entity in which KKR holds a variable interest is a VIE if any one of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the legal entity to finance its activities without additional subordinated financial support, (b) the holders of the equity investment at risk (as a group) lack either the direct or indirect ability through voting rights or similar rights to make decisions about a legal entity's activities that have a significant effect on the success of the legal entity or the obligation to absorb the expected losses or right to receive the expected residual returns, or (c) the voting rights of some investors are disproportionate to their obligation to absorb the expected losses of the legal entity, their rights to receive the expected residual returns of the legal entity, or both and substantially all of the legal entity's activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Limited partnerships and other similar entities where unaffiliated limited partners have not been granted (i) substantive participatory rights or (ii) substantive rights to either dissolve the partnership or remove the general partner ("kick-out rights") are VIEs. KKR's investment funds that are not CFEs (i) are generally limited partnerships, (ii) generally provide KKR with operational discretion and control, and (iii) generally have fund investors with no substantive rights to impact ongoing governance and operating activities of the fund, including the ability to remove the general partner, and, as such, the limited partners do not have kick-out rights. Accordingly, most of KKR's investment funds are categorized as VIEs. KKR consolidates all VIEs in which it is the primary beneficiary. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in a VIE. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (i) whether an entity in which KKR holds a variable interest is a VIE and (ii) whether KKR's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (for example, management and performance income), would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Fees earned by KKR that are customary and commensurate with the level of effort required to provide those services, and where KKR does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, would not be considered to be variable interests. KKR factors in all economic interests including interests held through related parties, to determine if it holds a variable interest. KKR determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion when facts and circumstances change. For entities that are determined not to be VIEs, these entities are generally considered VOEs and are evaluated under the voting interest model. KKR consolidates VOEs it controls through a majority voting interest or through other means. The consolidation assessment, including the determination as to whether an entity qualifies as a VIE or VOE, depends on the facts and circumstances for each entity, and therefore certain of KKR's investment funds may qualify as VIEs whereas others may qualify as VOEs. With respect to CLOs (which are generally VIEs), in KKR's role as collateral manager, KKR generally has the power to direct the activities of the CLO that most significantly impact the economic performance of the entity. In some, but not all cases, KKR, through its residual interest in the CLO may have variable interests that represent an obligation to absorb losses of, or a right to receive benefits from, the CLO that could potentially be significant to the CLO. In cases where KKR has both the power to direct the activities of the CLO that most significantly impact the CLO's economic performance and the obligation to absorb losses of the CLO or the right to receive benefits from the CLO that could potentially be significant to the CLO, KKR is deemed to be the primary beneficiary and consolidates the CLO. In the first quarter of 2021, KKR invested approximately $20 million in the sponsor shareholder of KKR Acquisition Holdings I Corp., a special purpose acquisition company ("SPAC"). The sponsor shareholder is a limited liability company whose only assets are equity securities of the SPAC. The investors in the sponsor shareholder are KKR and an unaffiliated investor. KKR is not the managing member of the sponsor shareholder, and KKR does not have the sole power to direct the activities that most significantly impact the sponsor shareholder. As such, KKR treats its investment in the sponsor shareholder as an equity method investment. In the fourth quarter of 2021, as a result of the consummation of an all-primary equity offering by KREF, KKR no longer owns at least 25% of the outstanding shares of KREF common stock and, as a result, the previous right to have voting power equal to a majority of votes to cast in an election of directors pursuant to the share of special voting preferred stock held by it, as well as its right to nominate at least half of the directors to KREF’s board of directors pursuant to the stock holders agreement between KREF and certain of its stockholders, terminated as of November 1, 2021. As a result of these actions, KKR no longer holds a controlling financial interest in KREF. Upon deconsolidation of KREF, KKR recognized a gain of $54 million, which is included in Net Gains (Losses) from Investment Activities. KKR will retain an equity method investment in KREF, for which the fair value option was elected and which is classified as Level I in the fair value hierarchy. Global Atlantic has formed certain VIEs to hold investments, including investments in transportation, renewable energy, consumer and other loans and fixed maturity securities. These VIEs issue beneficial interests primarily to Global Atlantic’s insurance companies, and Global Atlantic maintains the power to direct the activities of the VIEs that most significantly impact their economic performance and bears the obligation to absorb losses or receive benefits from the VIEs that could potentially be significant. Accordingly, Global Atlantic is the primary beneficiary of these VIEs, which are consolidated in Global Atlantic’s results. For certain consolidated renewable energy partnerships consolidated by Global Atlantic's insurance companies, Global Atlantic uses a hypothetical liquidation at book value method ("HLBV") to allocate income and cash flows based on third-party investors’ claim to net assets, including those for the noncontrolling interests and redeemable noncontrolling interests. KKR classifies certain noncontrolling interests with redemption features that are not solely within the control of KKR outside of permanent equity on its consolidated statements of financial condition. These redeemable non-controlling interests are reported using the greater of the carrying value at each reporting date as determined by the HLBV method or the estimated redemption value in each reporting period. Cash and Cash Equivalents Generally KKR considers all liquid short‑term investments with original maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents includes cash held at consolidated entities, which represents cash that, although not legally restricted, is not available generally to fund liquidity needs of KKR, as the use of such funds is generally limited to the investment activities of KKR's investment funds and CFEs. In prior periods, those amounts were classified in a separate line " Cash and Cash Equivalents Held at Consolidated Entities " on the statement of financial condition, and the comparable information have been recasted to current presentation. The carrying values of cash and cash equivalents are considered to be reasonable estimates of their fair values. Restricted Cash and Cash Equivalents Restricted cash and cash equivalents primarily represent amounts that are held by third parties under certain of KKR's financing and derivative transactions. The duration of this restricted cash generally matches the duration of the related financing or derivative transaction. Global Atlantic’s restricted cash principally includes certain cash and cash equivalents held in trusts formed for the benefit of ceding companies or held in connection with open derivative transactions. The carrying values of restricted cash and cash equivalents are considered to be reasonable estimates of their fair values. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation techniques are applied. These valuation techniques involve varying levels of management estimation and judgment, the degree of which is dependent on a variety of factors. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Investments and financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: Level I - Pricing inputs are unadjusted, quoted prices in active markets for identical assets or liabilities as of the measurement date. The types of financial instruments included in this category are publicly-listed equities, U.S. government and agencies securities, and securities sold short. Level II - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the measurement date, and fair value is determined through the use of models or other valuation methodologies. The types of financial instruments included in this category are credit investments, fixed-income securities held by consolidated insurance companies, investments and debt obligations of consolidated CLO entities, convertible debt securities indexed to publicly-listed securities, less liquid and restricted equity securities, certain funds withheld payable at interest, and certain over-the-counter derivatives such as foreign currency option and forward contracts. Level III - Pricing inputs are unobservable for the financial instruments and include situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value require significant management judgment or estimation. The types of financial instruments generally included in this category are private portfolio companies, real assets investments, certain credit investments, equity method investments for which the fair value option was elected, certain fixed-income and structured securities held by the consolidated insurance subsidiaries, reinsurance recoverables carried at fair value, certain insurance policy liabilities carried at fair value, and certain embedded derivatives related to (i) certain funds withheld payable at interest, and (ii) annuities and indexed universal life products, which contain equity-indexed features. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. KKR's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset. A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and a significant adjustment to the transactions or quoted prices may be necessary to estimate fair value. The availability of observable inputs can vary depending on the financial asset or liability and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument has recently been issued, whether the instrument is traded on an active exchange or in the secondary market, and current market conditions. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires additional judgment. Accordingly, the degree of judgment exercised by KKR in determining fair value is greatest for instruments categorized in Level III. The variability and availability of the observable inputs affected by the factors described above may cause transfers between Levels I, II, and III, which KKR recognizes at the beginning of the reporting period. Investments and other financial instruments that have readily observable market prices (such as those traded on a securities exchange) are stated at the last quoted sales price as of the reporting date. KKR does not adjust the quoted price for these investments, even in situations where KKR holds a large position and a sale could reasonably affect the quoted price. Management's determination of fair value is based upon the methodologies and processes described below and may incorporate assumptions that are management's best estimates after consideration of a variety of internal and external factors. Level II Valuation Methodologies Credit Investments, U.S. Municipal Securities, Corporate Bonds and Structured Securities: These financial instruments generally have bid and ask prices that can be observed in the marketplace. Bid prices reflect the highest price that KKR and others are willing to pay for an instrument. Ask prices represent the lowest price that KKR and others are willing to accept for an instrument. For financial instruments whose inputs are based on bid-ask prices obtained from third party pricing services, fair value may not always be a predetermined point in the bid-ask range. KKR's policy is generally to allow for mid-market pricing and adjusting to the point within the bid-ask range that meets KKR's best estimate of fair value. KKR may also use model-derived valuations whose inputs are observable or whose significant value drivers are observable. Investments and Debt Obligations of Consolidated CLO Vehicles: Investments of consolidated CLO vehicles are reported within Investments of Consolidated CFEs and are valued using the same valuation methodology as described above for credit investments. Under ASU 2014-13, KKR measures CLO debt obligations on the basis of the fair value of the financial assets of the CLO. Securities Indexed to Publicly-Listed Securities: These securities are typically valued using standard convertible security pricing models. The key inputs into these models that require some amount of judgment are the credit spreads utilized and the volatility assumed. To the extent the company being valued has other outstanding debt securities that are publicly-traded, the implied credit spread on the company's other outstanding debt securities would be utilized in the valuation. To the extent the company being valued does not have other outstanding debt securities that are publicly-traded, the credit spread will be estimated based on the implied credit spreads observed in comparable publicly-traded debt securities. In certain cases, an additional spread will be added to reflect an illiquidity discount due to the fact that the security being valued is not publicly-traded. The volatility assumption is based upon the historically observed volatility of the underlying equity security into which the convertible debt security is convertible and/or the volatility implied by the prices of options on the underlying equity security. Equity Securities: The valuation of certain equity securities is based on (i) an observable price for an identical security adjusted for the effect of a restriction or leverage that collateralized the equity securities and (ii) quoted prices for identical or similar instruments in markets that are not active. Derivatives: The valuation incorporates observable inputs comprising yield curves, foreign currency rates, interest rate volatility and credit spreads. Level III Valuation Methodologies Private Equity Investments: KKR generally employs two valuation methodologies when determining the fair value of a private equity investment. The first methodology is typically a market comparables analysis that considers key financial inputs, which may take into account recent public and private transactions and other available measures. The second methodology utilized is typically a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. The results of the discounted cash flow approach can be significantly impacted by these estimates. Other inputs are also used in both methodologies. In addition, when a definitive agreement has been executed to sell an investment, KKR generally considers a significant determinant of fair value to be the consideration to be received by KKR pursuant to the executed definitive agreement. Upon completion of the valuations conducted using these methodologies, a weighting is ascribed to each method, and an illiquidity discount is typically applied where appropriate. The ultimate fair value recorded for a particular investment will generally be within a range suggested by the two methodologies, except that the value may be higher or lower than such range in the case of investments being sold pursuant to an executed definitive agreement. When determining the weighting ascribed to each valuation methodology, KKR considers, among other factors, the availability of direct market comparables, the applicability of a discounted cash flow analysis, the expected hold period and manner of realization for the investment, and in the case of investments being sold pursuant to an executed definitive agreement, an estimated probability of such sale being completed. These factors can result in different weightings among investments in the portfolio and in certain instances may result in up to a 100% weighting to a single methodology. When an illiquidity discount is to be applied, KKR seeks to take a uniform approach across its portfolio and generally applies a minimum 5% discount to all private equity investments. KKR then evaluates such private equity investments to determine if factors exist that could make it more challenging to monetize the investment and, therefore, justify applying a higher illiquidity discount. These factors generally include (i) whether KKR is unable to freely sell the portfolio company or conduct an initial public offering of the portfolio company due to the consent rights of a third party or similar factors, (ii) whether the portfolio company is undergoing significant restructuring activity or similar factors, and (iii) characteristics about the portfolio company regarding its size and/or whether the portfolio company is experiencing, or expected to experience, a significant decline in earnings. These factors generally make it less likely that a portfolio company would be sold or publicly offered in the near term at a price indicated by using just a market multiples and/or discounted cash flow analysis, and these factors tend to reduce the number of opportunities to sell an investment and/or increase the time horizon over which an investment may be monetized. Depending on the applicability of these factors, KKR determines the amount of any incremental illiquidity discount to be applied above the 5% minimum, and during the time KKR holds the investment, the illiquidity discount may be increased or decreased, from time to time, based on changes to these factors. The amount of illiquidity discount applied at any time requires considerable judgment about what a market participant would consider and is based on the facts and circumstances of each individual investment. Accordingly, the illiquidity discount ultimately considered by a market participant upon the realization of any investment may be higher or lower than that estimated by KKR in its valuations. In the case of growth equity investments, enterprise values may be determined using the market comparables analysis and discounted cash flow analysis described above. A scenario analysis may also be conducted to subject the estimated enterprise values to a downside, base and upside case, which involves significant assumptions and judgments. A milestone analysis may also be conducted to assess the current level of progress towards value drivers that we have determined to be important, which involves significant assumptions and judgments. The enterprise value in each case may then be allocated across the investment's capital structure to reflect the terms of the security and subjected to probability weightings. In certain cases, the values of growth equity investments may be based on recent or expected financings or other transactions. Real Asset Investments: Real asset investments in infrastructure, energy and real estate are valued using one or a combination of the discounted cash flow analysis, market comparables analysis and direct income capitalization methods, which in each case incorporates significant assumptions and judgments. Infrastructure investments are generally valued using the discounted cash flow analysis. Key inputs used in this methodology can include the weighted average cost of capital and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. Energy investments are generally valued using a discounted cash flow approach, and where applicable, a market approach using comparable companies and transactions. Key inputs used in our valuations include (i) the weighted average cost of capital, (ii) future commodity prices, as quoted on indices, and long-term commodity price forecasts, and (iii) the asset’s projected future operating performance. Real estate investments are generally valued using a combination of direct income capitalization and discounted cash flow analysis. Certain real estate investments are valued by KKR based on ranges of valuations determined by independent valuation firms. Key inputs used in such methodologies that require estimates include an unlevered discount rate and current capitalization rate. The valuations of real assets investments also use other inputs. Credit Investments: Credit investments are valued using values obtained from dealers or market makers, and where these values are not available, credit investments are generally valued by KKR based on ranges of valuations determined by an independent valuation firm. Valuation models are based on discounted cash flow analyses, for which the key inputs are determined based on market comparables, which incorporate similar instruments from similar issuers. Real Estate Mortgage Loans: Real estate

ACQUISITION OF GLOBAL ATLANTIC

ACQUISITION OF GLOBAL ATLANTIC	12 Months Ended
ACQUISITION OF GLOBAL ATLANTIC	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
ACQUISITION OF GLOBAL ATLANTIC	ACQUISITION OF GLOBAL ATLANTIC On July 7, 2020, indirect subsidiaries of KKR & Co. Inc., namely Magnolia Parent LLC and Magnolia Merger Sub Limited, entered into an Agreement and Plan of Merger (the “GA Merger Agreement”) with Global Atlantic Financial Group Limited ("GAFG"), Global Atlantic Financial Life Limited ("GAFLL"), LAMC LP, and Goldman Sachs & Co. LLC, solely in its capacity as the Equity Representative (as defined in the GA Merger Agreement). Pursuant to the GA Merger Agreement, at the closing of the acquisition of Global Atlantic by KKR (the "GA Acquisition"), among other things, Global Atlantic Financial Group Limited continued as the surviving entity in its merger with Magnolia Merger Sub Limited and became a direct subsidiary of Magnolia Parent LLC, which subsequently changed its name to The Global Atlantic Financial Group LLC (“TGAFG”). On February 1, 2021 (the “GA Acquisition Date”), the GA Acquisition was completed, and KKR acquired all of the voting interests in Global Atlantic and an economic ownership of 61.1% of Global Atlantic prior to certain post-closing purchase price adjustments discussed below and after taking into account GA Rollover Investors’ and GA Co-Investors’ (each as defined below) equity ownership of Global Atlantic. In addition to entering into the retirement and life insurance business through KKR's indirect ownership of Global Atlantic's insurance companies, KKR's flagship investment management company became the investment adviser for Global Atlantic’s insurance companies, which increases KKR’s presence in the insurance community. Furthermore, the transaction allows Global Atlantic to gain access to KKR’s origination and asset management capabilities. Under the GA Merger Agreement, KKR agreed to pay former shareholders of Global Atlantic Financial Group Limited an amount in cash equal to 1.0x U.S. GAAP Shareholders’ Equity of Global Atlantic Financial Group Limited, excluding Accumulated Other Comprehensive Income and subject to certain other purchase price adjustments ("GA Book Value," determined as $4.7 billion as of February 1, 2021 for purposes of the purchase price determination). The amount of consideration payable by KKR was reduced by the amount of equity rolled over by certain former shareholders of Global Atlantic Financial Group Limited who elected to continue their equity ownership in Global Atlantic at closing ("GA Rollover Investors"). In addition, KKR syndicated equity interests in Global Atlantic to minority co-investors ("GA Co-Investors"), which also had the effect of reducing the amount of consideration payable by KKR at closing. The purchase price is as follows (in thousands): Cash consideration paid by KKR $ 2,914,455 GA Co-Investors and GA Rollover Investors 1,824,239 Total Purchase Price $ 4,738,694 The purchase price paid at closing was subject to certain post-closing adjustments, which were finalized in June 2021, and KKR and certain GA Co-Investors paid incremental amounts of $55 million and $3 million, respectively ($58 million in total). As a result of the post-closing adjustments, KKR's economic ownership of Global Atlantic increased from 61.1% at closing to 61.5%. The GA Acquisition was accounted for as a business combination under FASB Accounting Standards Codification Topic 805, Business Combinations ("Topic 805"). Goodwill of $497.1 million has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired less the amounts attributable to noncontrolling interests. Goodwill is primarily attributable to the scale, skill sets, operations, and synergies that can be achieved subsequent to the GA Acquisition. The goodwill recorded is not expected to be deductible for tax purposes and it has been allocated to the Insurance segment. The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the GA Acquisition Date: February 1, 2021 ($ in thousands) Consideration Transferred Cash Consideration paid by KKR $ 2,914,455 GA Co-Investors 978,296 GA Rollover Investors 845,943 Settlement of pre-existing relationships (1) (60,200) Total Consideration Transferred (2) $ 4,678,494 Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: Cash, Cash Equivalents and Restricted Cash $ 3,358,772 Investments 99,544,755 Reinsurance Recoverable 15,753,030 Insurance Intangible Assets 1,024,520 Other Assets (3) 3,325,652 Separate Account Assets 5,371,060 Policy Liabilities (100,374,765) Debt Obligations (1,450,920) Funds Withheld Payable at Interest (13,800,969) Accrued Expenses and Other Liabilities (2,735,811) Reinsurance Liabilities (180,573) Separate Account Liabilities (5,371,060) Total Identifiable Net Assets 4,463,691 Redeemable non-controlling interests (4) (91,845) Other Noncontrolling interests (4) (190,405) Goodwill $ 497,053 (1) Represents KKR debt obligations held by Global Atlantic at the GA Acquisition Date. (2) At the GA Acquisition Date, the transaction was funded with a combination of (i) cash on hand by KKR, (ii) cash proceeds from syndication of the equity interests in Global Atlantic to minority co-investors and equity rolled over from certain former Global Atlantic shareholders. The equity held by GA co-investors and rollover investors are presented as noncontrolling interests in the financial statements. Acquisition of Global Atlantic, Net of Cash Acquired in the consolidated statements of cash flows represents the Total Consideration Transferred (excluding GA Rollover Investors) net of acquired Cash and Cash Equivalents and Restricted Cash and Cash Equivalents. (3) Includes $1.0 billion of deferred tax assets recognized from the step-up in basis under purchase accounting. (4) Represents the fair value of Noncontrolling Interests in consolidated renewable energy entities held by Global Atlantic on the GA Acquisition Date. Such interests do not represent ownership interests held by GA Rollover Investors or GA Co-Investors in Global Atlantic's equity. Measurement Period Adjustments KKR finalized the valuation of the acquired assets and assumed liabilities in December 2021. During the second quarter of 2021, KKR recognized measurement period adjustments to reflect new information obtained about facts and circumstances that existed as of the acquisition date. The measurement period adjustments also reflected the increase in the total consideration transferred of $58 million as a result of final purchase price adjustments. Measurement period adjustments consist primarily of a $50 million increase in the value of distribution agreements acquired, a $63 million increase in policy liabilities, a $25 million increase in investments, and a $46 million increase in goodwill. The related impact to net income that would have been recognized in previous periods if the adjustments were recognized as of the GA Acquisition Date was not material to the consolidated financial statements. KKR performed a valuation of the acquired investments, policy liabilities, VOBA, other identifiable intangibles, and funds withheld at interest payables and receivables. The following is a summary of significant inputs to the valuation: Investments Global Atlantic’s investment portfolio primarily consists of fixed maturity securities, mortgage and other loan receivables, equity securities, and investments in real assets such as renewable energy and transportation assets. All of the assets included within the investment portfolio were measured and reported at their fair values on the GA Acquisition Date consistent with the valuation methodologies discussed in Note 2 "Summary of Significant Accounting Policies." As a result, the cost basis of each respective investment was reset to equal fair value on the GA Acquisition Date. Policy liabilities Policy liabilities were remeasured based on generally accepted actuarial methods and reported at their fair values on the GA Acquisition Date. Assumptions for future mortality, persistency, policyholder behavior, expenses, investment return and other actuarial factors were based on an evaluation of Global Atlantic’s recent experience, industry experience, and anticipated future trends. These assumptions are intended to be representative of market assumptions used by buyers and sellers in similar transactions. The approach employed to develop these projection assumptions is described below: • Discount rates used to calculate fair value ranged from 11% to 15%, depending on product; • Mortality and persistency assumptions are based on both Global Atlantic and general industry experience; • Expenses were projected reflecting Global Atlantic’s unit expenses with an allocation of a portion of overhead expenses to in-force business; • Future investment income reflects a runoff of the existing asset portfolios and reinvestment strategies based on Global Atlantic’s assumptions for asset yield, quality, and maturity. The projections are based on forward interest rates implied by the Treasury yield curve. Credit rates reflect Global Atlantic’s target spreads; • Separate account and index account growth rates are based on long-term return expectations for different fund types and on the underlying mix of funds; and • Statutory reserves underlying the valuation reflect Global Atlantic’s current reserving methodologies. Value of business acquired ("VOBA") VOBA represents the estimated fair value of future net cash flows from in-force life and annuity insurance contracts acquired at the GA Acquisition Date. Other identifiable intangible assets Other identifiable intangible assets represent distribution relationships, trade names and state insurance licenses. The distribution relationships were valued using the excess earnings method, which derives value based on the present value of the cash flow attributable to the distribution relationships, less returns for contributory assets. The trade name intangible asset represents the Global Atlantic trade name, and was valued using the relief-from-royalty method giving consideration to publicly available third-party trade name royalty rates as well as expected premiums generated by the use of the trade name over its anticipated life. The state insurance licenses represent Global Atlantic’s jurisdictional insurance licenses, which include 52 insurance licenses, encompassing all 50 U.S. states, the District of Columbia, and the U.S. Virgin Islands. They were protected through registration and were valued using the market approach based on third-party market transactions from which the prices paid for state insurance licenses could be derived. Funds withheld at interest receivables and payables Funds withheld at interest receivables and payables were remeasured at fair value based on the fair value of assets held in the underlying portfolios supporting those receivables or payables. The fair value and weighted average estimated useful lives of Value of Business Acquired and Other Identifiable Intangible Assets acquired in the GA Acquisition consist of the following (dollars in thousands): Fair Value Average Useful Life ($ in thousands) (in years) VOBA (included within Insurance Intangible Assets) $ 1,024,520 28.6 Negative VOBA (included within Policy Liabilities) (1,273,414) 22.2 Total VOBA $ (248,894) Value of Distribution Agreements Acquired $ 250,000 16 to 21 Trade Names 50,000 15 to 18 State Insurance Licenses 10,000 Indefinite Total Identifiable Other Intangible Assets (included within Other Assets) $ 310,000 As of the GA Acquisition Date, Global Atlantic's financial results are reflected in these financial statements. Global Atlantic's revenues of $6.5 billion and net income before allocation to noncontrolling interest holders of $406.4 million, respectively, are included in the consolidated statement of operations for the year ended December 31, 2021. Pro- Forma Financial Information Pro-forma financial information for the year ended December 31, 2021 and December 31, 2020 are presented below. Pro-forma financial information presented does not include adjustments to reflect any potential revenue synergies or cost savings that may be achievable in connection with the GA Acquisition and assumes the GA Acquisition occurred as of January 1, 2020. The pro forma financial information is presented for informational purposes only, and is not necessarily indicative of future operations or results had the GA Acquisition been completed as of January 1, 2020. Years Ended December 31, 2021 2020 Total Revenues $ 16,750,326 $ 10,877,373 Net Income Attributable to KKR & Co. Inc. Common Stockholders $ 4,654,690 $ 2,125,464 Amounts above reflect certain pro forma adjustments that were directly attributable to the GA Acquisition. These adjustments include the following: • adjustment to reflect the elimination of historical amortization of Global Atlantic’s intangibles and the additional amortization of intangibles measured at fair value as of the GA Acquisition Date; • adjustment to reflect the prospective reclassification from accumulated other comprehensive earnings of the unrealized gains on available-for-sale securities to a premium which will be amortized into income based on the expected life of the investment securities; • adjustments to reflect the KKR pro-rata economic ownership as well as financing consummated by KKR to complete the acquisition; and • adjustments to reflect the adoption of ASC 326 "Financial Instruments - Credit Losses" in 2020 by Global Atlantic.

NET GAINS (LOSSES) FROM INVESTM

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT	NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT Net Gains (Losses) from Investment Activities in the consolidated statements of operations consist primarily of the realized and unrealized gains and losses on investments (including foreign exchange gains and losses attributable to foreign denominated investments and related activities) and other financial instruments, including those for which the fair value option has been elected. Unrealized gains or losses result from changes in the fair value of these investments and other financial instruments during a period. Upon disposition of an investment or financial instrument, previously recognized unrealized gains or losses are reversed and an offsetting realized gain or loss is recognized in the current period. The following table summarizes total Net Gains (Losses) from Investment Activities for the years ended December 31, 2021, 2020 and 2019, respectively: For the Year Ended December 31, 2021 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 1,694,796 $ 2,679,388 $ 4,374,184 Credit (1) 148,301 (111) 148,190 Investments of Consolidated CFEs (1) 62,075 134,174 196,249 Real Assets (1) 489,613 260,728 750,341 Equity Method - Other (1) 477,344 618,906 1,096,250 Other Investments (1) (334,948) 949,664 614,716 Foreign Exchange Forward Contracts and Options (2) (28,829) 574,067 545,238 Securities Sold Short (2) 38,698 27,773 66,471 Other Derivatives (2) (148,245) 71,211 (77,034) Debt Obligations and Other (3) (16,596) 22,914 6,318 Net Gains (Losses) From Investment Activities $ 2,382,209 $ 5,338,714 $ 7,720,923 For the Year Ended December 31, 2020 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 951,361 $ 3,655,820 $ 4,607,181 Credit (1) (86,512) (164,764) (251,276) Investments of Consolidated CFEs (1) (188,506) 102,798 (85,708) Real Assets (1) 36,784 (122,147) (85,363) Equity Method - Other (1) (137,649) 652,334 514,685 Other Investments (1) (335,841) 156,396 (179,445) Foreign Exchange Forward Contracts and Options (2) 123,681 (455,777) (332,096) Securities Sold Short (2) (145,137) (22,747) (167,884) Other Derivatives (2) (95,831) (106,913) (202,744) Debt Obligations and Other (3) 40,589 (215,135) (174,546) Net Gains (Losses) From Investment Activities $ 162,939 $ 3,479,865 $ 3,642,804 For the Year Ended December 31, 2019 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 261,920 $ 2,849,031 $ 3,110,951 Credit (1) (92,114) (150,881) (242,995) Investments of Consolidated CFEs (1) (57,230) 270,268 213,038 Real Assets (1) 93,848 (128,393) (34,545) Equity Method - Other (1) 70,385 540,775 611,160 Other Investments (1) 53,688 (240,548) (186,860) Foreign Exchange Forward Contracts and Options (2) 161,175 20,309 181,484 Securities Sold Short (2) 54,707 (53,483) 1,224 Other Derivatives (2) (19,584) (36,918) (56,502) Debt Obligations and Other (3) (29,449) (405,622) (435,071) Net Gains (Losses) From Investment Activities $ 497,346 $ 2,664,538 $ 3,161,884 (1) See Note 7 "Investments." (2) See Note 8 "Derivatives" and Note 14 "Other Assets and Accrued Expenses and Other Liabilities."

NET INVESTMENT INCOME - INSURAN

NET INVESTMENT INCOME - INSURANCE	12 Months Ended
NET INVESTMENT INCOME - INSURANCE	Dec. 31, 2021
Investments, All Other Investments [Abstract]
NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE	NET INVESTMENT INCOME - INSURANCE Net investment income for Global Atlantic is comprised primarily of interest income, including amortization of premiums and accretion of discounts, based on yields that change due to expectations in projected cash flows, dividend income from common and preferred stock, earnings from investments accounted for under equity method accounting, and lease income on other investments. The components of net investment income were as follows: Year Ended December 31, 2021 Fixed maturity securities – interest and other income $ 2,262,326 Mortgage and other loan receivables 952,951 Investments in transportation and other leased assets 208,057 Short-term and other investment income 54,785 Policy loans 35,411 Investments in real estate 16,101 Investments in renewable energy 142,095 Equity securities – dividends and other income 1,492 Income assumed from funds withheld receivable at interest 79,989 Income ceded to funds withheld payable at interest (461,505) Gross investment income 3,291,702 Less investment expenses: Investment management and administration 272,321 Transportation and renewable energy asset depreciation and maintenance 171,306 Interest expense on derivative collateral and repurchase agreements 2,452 Net investment income $ 2,845,623 Net investment-related (losses) gains from insurance operations primarily consists of (i) realized gains and (losses) from the disposal of investments, (ii) unrealized gains and (losses) from investments held for trading, equity securities, or with fair value remeasurements recognized in earnings as a result of the election of a fair-value option, (iii) unrealized gains and (losses) on funds withheld at interest, (iv) unrealized gains and (losses) from derivatives not designated in an hedging relationship, and (v) allowances for credit losses, and other impairments of investments. Net investment-related gains (losses) were as follows: Year Ended December 31, 2021 Realized gains (losses) on equity investments $ 511,247 Realized gains (losses) on available-for-sale fixed maturity debt securities (201,411) Credit loss allowances on AFS securities 25,316 Credit loss allowances on mortgage and other loan receivables (252,979) Credit loss allowances on unfunded commitments (21,675) Unrealized gains (losses) on fixed maturity securities classified as trading (118,714) Unrealized gains (losses) on investments recognized under the fair-value option 75,176 Net gains (losses) on derivative instruments 222,745 Realized gains (losses) on funds withheld at interest, payable portfolio (30,015) Realized gains (losses) on funds withheld at interest, receivable portfolio 12,418 Other realized gains (losses) (18,355) Net investment-related gains (losses) $ 203,753 Allowance for credit losses Available-for-sale fixed maturity securities The table below presents a roll-forward of the allowance for credit losses recognized for fixed maturity securities held by Global Atlantic: Year Ended December 31, 2021 Corporate Structured Total Balance, as of beginning of period (1) $ — $ 120,895 $ 120,895 Initial impairments for credit losses recognized on securities not previously impaired 3,238 55,271 58,509 Initial credit loss allowance recognized on PCD securities — 8,072 8,072 Accretion of initial credit loss allowance on PCD securities — 2,782 2,782 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (18,300) (18,300) Net additions / reductions for securities previously impaired — (83,825) (83,825) Balance, as of end of period $ 3,238 $ 84,895 $ 88,133 (1) Includes securities designated as purchased credit impaired as of the time of the acquisition of Global Atlantic. Mortgage and other loan receivables Changes in the allowance for credit losses on mortgage and other loan receivables held by Global Atlantic are summarized below: Year Ended December 31, 2021 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period (1) $ 58,203 $ 62,056 $ — $ 120,259 Net provision 7,767 10,024 235,188 252,979 Loans purchased with credit deterioration — 799 837 1,636 Charge-offs — (797) — (797) Balance, as of end of period $ 65,970 $ 72,082 $ 236,025 $ 374,077 (1) Includes loans designated as purchased credit deteriorated as of the time of the acquisition of Global Atlantic. Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of AFS fixed maturity securities were as follows: Year Ended December 31, 2021 AFS fixed maturity securities: Proceeds from voluntary sales $ 17,946,293 Gross gains 45,532 Gross losses (187,619) The following reflects the changes to the deferred policy acquisition costs ("DAC") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 459,781 Amortized to expense during the period (1) (23,492) Adjustment for unrealized investment-related losses (gains) during the period 11,597 Balance, as of end of period $ 447,886 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the value of business acquired ("VOBA") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ 1,024,520 Amortized to expense during the period (1) (65,257) Balance, as of end of period $ 959,263 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the negative VOBA liability: Year Ended December 31, 2021 Balance, as of Acquisition Date $ 1,273,414 Amortized to expense during the period (1) (154,698) Balance, as of end of period $ 1,118,716 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. Estimated future amortization of VOBA and Negative VOBA as of December 31, 2021 is as follows: Years VOBA Negative VOBA Total, net 2022 $ 67,204 $ (129,461) $ (62,257) 2023 63,289 (113,820) (50,531) 2024 59,428 (94,981) (35,553) 2025 55,757 (79,279) (23,522) 2026 52,230 (66,473) (14,243) 2027 and thereafter 661,355 (634,702) 26,653 Total $ 959,263 $ (1,118,716) $ (159,453) The following reflects the changes to the unearned revenue reserve ("URR") and unearned front-end load ("UFEL): Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 57,649 Amortized to revenue during the period (1) (12,247) Adjustment for unrealized investment-related gains during the period (11,798) Balance, as of end of period $ 33,604 (1) These amounts are reported within policy fees in the consolidated statements of operations. Policy liabilities by product were as follows as of December 31, 2021: As of December 31, 2021 Fixed-rate annuity (1) $ 61,827,855 Fixed-indexed annuity 27,935,000 Indexed universal life 12,133,840 Other life insurance 11,840,323 Funding agreements 6,014,553 Preneed 2,897,018 Variable annuity 2,469,759 Closed blocks 1,351,601 Other 50,095 Total $ 126,520,044 (1) Policy liabilities as of December 31, 2021 include $7.6 billion assumed disability income insurance of which 97% are comprised of policies in claim payout status, generally for the lifetime of the insured, and the remaining 3% comprised of an active life reserve where the Global Atlantic has retroceded the morbidity risk, respectively. Guaranteed benefits Guaranteed minimum death benefits Certain variable annuity and fixed-indexed annuity contracts contain GMDB features that provide a guarantee that the benefit received at death will be no less than a prescribed minimum amount, even if the account balance is reduced to zero. This amount is based on either the net deposits paid into the contract, the net deposits accumulated at a specified rate, the highest historical account value on a contract anniversary, or sometimes a combination of these values. If the GMDB is higher than the current account value at the time of death, Global Atlantic pays a benefit equal to the difference. The following table shows the balance of the GMDB reserves (as well as a rider for a long-term care benefit) reported in contractholder deposit funds and other policy liabilities in the consolidated statements of financial condition. The GMDB exposure includes reinsurance assumed. Year ended December 31, 2021 Balance, as of beginning of year $ 110,243 Expense incurred 28,352 Claims paid (15,011) Reinsurance premium paid (13,267) Claims ceded to reinsurers 9,388 Balance, as of end of year $ 119,705 The reserve is calculated by estimating the present value of total expected excess benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the “benefit ratio,” multiplied by the cumulative assessments as of the reporting date, less cumulative benefit payments, plus interest. The GMDB reserve methodology varies by block. For the legacy variable annuity block, a fair value election of the entire contract was made at February 1, 2021 as part of the GA Acquisition. The fair value is calculated using 1,000 risk neutral scenarios and discounted using U.S. Treasury rates plus an adjustment for own company credit risk. For the non-legacy variable annuity block, a Gross Premium Valuation (GPV) approach is used. The GPV is based on the present value of excess GMDB claims less the present value of a portion of the GMDB rider fees. Both the excess claims and rider fees are computed over 1,000 real world scenarios, and an average across all scenarios is calculated. The following information relates to the reserving methodology and assumptions for GMDB as of December 31, 2021: • The GPV uses stochastic scenarios consistent with the American Academy of Actuaries VM21 paths. Equity volatility is also consistent with the VM21 paths, with lower volatility modelled for the volatility controlled funds (as determined by a third-party proprietary model); • The projection of equity index returns for the legacy Fair Value variable annuity blocks are determined by a third-party proprietary model. Equity volatilities are also determined by the same third-party proprietary model; • The mortality assumptions are factors of an industry standard mortality table based on company experience varying by age and gender, with 20 years of mortality improvements; and, • The partial withdrawal rate assumption varies by tax-qualified status and attained age. For the year ended December 31, 2021, total projected partial withdrawals were from 3.0% to 8.1%. The following table presents the account value, net amount at risk and average attained age of underlying variable annuity contractholders for guarantees in the event of death as of December 31, 2021. The net amount at risk is the death benefit coverage in-force or the amount that Global Atlantic would have to pay if all variable annuity contractholders had died as of the specified date, and represents the excess of the guaranteed benefit over the account value. As of December 31, 2021 ($ in thousands, except for contractholders information) Net deposits paid Account value $ 4,615,409 Net amount at risk $ 95,467 Average attained age of contractholders 69 Ratchet (highest historical account value at specified anniversary dates) Account value $ 512,683 Net amount at risk $ 15,827 Average attained age of contractholders 72 Roll-up (net deposits accumulated at a specified rate) Account value $ 11,053 Net amount at risk $ 1,801 Average attained age of contractholders 84 Higher of ratchet or roll-up Account value $ 1,694,832 Net amount at risk $ 278,424 Average attained age of contractholders 77 Total of guaranteed benefits categorized above Account value $ 6,833,977 Net amount at risk $ 391,519 Average attained age of contractholders (weighted by account value) 71 Number of contractholders 77,059 Guaranteed minimum withdrawal benefits Certain fixed-indexed and variable annuity contracts are issued with a guaranteed minimum withdrawal feature. GMWB are an optional benefit where a contractholder is entitled to withdraw up to a specified amount of their benefit base each year. The feature provides annuity policyholders with a minimum guaranteed stream of income for life, once the option is elected. The annual income amount is based on an annual withdrawal percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and is generally the initial premium, reduced by any partial withdrawals, increased by a contractually defined percentage. Benefit payments are first deducted from the contractual account value. Excess guaranteed benefits are defined as the benefits paid once the underlying account value has reached zero. The ultimate cost of these benefits will depend on the level of market returns and the level of contractual guarantees, as well as policyholder behavior, including surrenders, withdrawals and benefit utilization. For fixed-indexed annuity products, costs also include certain non-guaranteed terms that impact the ultimate cost, such as caps on crediting rates that can, at Global Atlantic’s discretion, reset annually. Reserves for the fixed indexed annuity GMWB are calculated by estimating the present value of total expected (excess) benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the "benefit ratio", and multiplying this ratio by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on reserves. The variable annuity GMWB meets the criteria for an embedded derivative, which is required to be measured at fair value. Refer to "Variable annuities with guaranteed minimum withdrawal benefits" below for more guidance on how these reserves are valued. The following table shows the balance of the GMWB reserves reported in contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets: Year ended December 31, 2021 Balance, as of beginning of year $ 872,914 Expense incurred 137,932 Balance, as of end of year $ 1,010,846 The following table presents the account value, net amount at risk and number of contractholders for annuity contracts with guaranteed withdrawal benefits as of December 31, 2021: As of December 31, 2021 ($ in thousands, except for contractholders information) Account value $ 11,057,318 Net amount at risk $ 3,655,914 Number of contractholders 80,955 Contractholder deposit funds with embedded derivatives The following table shows the balances of the account value and embedded derivatives reported in policy liabilities in the consolidated statements of financial condition: As of December 31, 2021 Account value $ 28,537,784 Embedded derivatives $ 2,541,225 The following paragraphs describe the products presented within the above table along with the underlying methodology used to calculate the embedded derivatives. Global Atlantic’s fixed-indexed annuity, indexed universal life and variable annuity products contain equity-indexed features which are considered embedded derivatives and required to be measured at fair value. The fair value of the equity-indexed embedded derivative is calculated as the present value of future projected benefits in excess of the projected guaranteed benefits, using an option budget as the indexed account value growth rate, for fixed-index annuity and indexed universal life products, and the present value of future projected benefits in excess of the future allocated assessments for variable annuity products. In addition, the fair value of the embedded derivative is reduced to reflect the risk of nonperformance on Global Atlantic’s obligation, referred to as nonperformance risk. Changes in interest rates, future index credits, nonperformance risk, projected withdrawal and surrender activity, and mortality can have a significant impact on the value of the embedded derivative. Fixed-indexed annuities Fixed-indexed annuity contracts allow the policyholder to elect a fixed interest rate return or a market indexed strategy where interest credited is based on the performance of an index, such as S&P 500 or other indices. The equity market strategy is an embedded derivative, similar to a call option. The fair value of the embedded derivative is computed as the present value of benefits attributable to the excess of the projected policy contract values over the projected minimum guaranteed contract values. The projections of policy contract values are based on assumptions for future policy growth, which include assumptions for expected index credits, future equity option costs, volatility, interest rates and policyholder behavior. The projections of minimum guaranteed contract values include the same assumptions for policyholder behavior as are used to project policy contract values. The embedded derivative cash flows are discounted using a risk free interest rate increased by a non-performance risk spread tied to Global Atlantic’s own credit rating. Indexed universal life Indexed universal life contracts allow a policyholder’s account value growth to be indexed to certain equity indices, which result in an embedded derivative similar to a call option. The embedded derivative related to the index is bifurcated from the account value and measured at fair value. The valuation of the embedded derivative is the present value of future projected benefits in excess of the projected guaranteed benefits, using the option budget as the indexed account value growth rate and the guaranteed interest rate as the guaranteed account value growth rate. Present values are based on discount rate curves determined at the valuation date/issue date as well as assumed lapse and mortality rates. The discount rate equals the forecast treasury rate plus a non-performance risk spread tied to Global Atlantic’s own credit rating. Changes in discount rates and other assumptions such as spreads and/or option budgets can have a substantial impact on the embedded derivative. Variable annuities with guaranteed minimum withdrawal benefits Global Atlantic has issued variable annuity contracts with a GMWB feature. The GMWB feature provides annuity contractholders with a guaranteed stream of payments for life, once income is activated. The annual income amount is based on a percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and may incorporate various combinations of ratchet and roll-up features. Benefit payments are first deducted from the account value. Excess guaranteed benefits are defined as all GMWB paid once the underlying account value has reached zero. The GMWB is considered an embedded derivative and measured at fair value. The fair value calculation for the embedded derivative includes the following considerations: • The reserve is based on projections run under a large number of stochastic scenarios; • All underlying scenarios are generated using risk neutral assumptions; • The mean of the projected returns is based on a risk free rate; • Volatilities are based on market implied volatilities; and, • The discount rate for this fair value calculation equals the risk free rate plus a spread consistent with Global Atlantic’s risk of non-performance on its obligations, which is referred to as its own credit risk. Universal life with no-lapse guarantee Global Atlantic has certain in-force universal life contracts which provide a secondary guarantee, or “no-lapse guarantee,” to the policyholder. The policy can remain in-force, even if the policyholder’s account value is zero, as long as contractual secondary guarantee requirements have been met. The primary risk associated with these guarantees are that the premium collected under these policies, together with the investment return earned on that premium, is ultimately insufficient to pay the policyholder’s benefits and the expenses associated with issuing and administering these policies. Global Atlantic holds an additional reserve in connection with these guarantees. The change in the reserve is included in policy benefits and claims in the consolidated statements of income. The additional reserve related to universal life products with secondary guarantees is calculated using methods similar to those described above under “Guaranteed minimum death benefits.” The costs related to these secondary guarantees are recognized over the life of the contracts through the accrual and subsequent release of a reserve which is revalued each period. The reserve is determined for any point in time equal to the accumulated value of the assessments since inception times the benefit ratio less the accumulated value of death benefits paid since inception. The benefit ratio is the present value of total expected benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract. Generally, total expected excess benefit payments are the aggregate of death claims after the policyholder account value is exhausted. The exception is when the cost of insurance charges are insufficient to produce consistently positive earnings in the future. In this case, all death benefits are deemed to be excess benefits. The reserves for universal life no-lapse guarantees were $4.6 billion as of December 31, 2021. Preneed reserves Preneed life insurance pays a death benefit that helps cover funeral costs according to a prearranged funeral agreement. A liability for preneed policyholder benefits is established in an amount determined by the account or contract balance that accrues to the benefit of the policyholder. Reserves on preneed business are based on cash surrender values of issued policies. An additional insurance liability is established as of each reporting date where the total liability is equal to the present value of projected future benefits and maintenance expenses, including discretionary death benefits to be credited to policies using current period discretionary death benefit crediting rates under current assumptions. We have the discretion to adjust these death benefit crediting rates up or down. Global Atlantic has also issued preneed insurance contracts with crediting rates tied to inflation as measured by the Consumer Price Index or other indices. For these contracts, future death benefit growth is based on the expected yield curve on the swaps hedging the reserves. These crediting rates utilize the following assumptions: • Credited interest rate: Based on the non-forfeiture rates of 3.0% to 5.5%. • Mortality: Based on Global Atlantic’s experience. • Death benefit inflation: Based on the discretionary death benefit inflation rates in effect at the current reporting date. To mitigate the risk that a policy will not keep pace with increases in funeral prices or remain competitive, Global Atlantic has the discretion to increase or decrease the death benefit. Such increases or decreases are considered on a quarterly basis and vary by plan. • Maintenance expenses: Based on Global Atlantic’s experience and expressed as a cost per paid-up policy and a cost per premium-paying policy. The earned interest rate used to calculate estimated gross profits is based on the asset yield. Closed blocks Summarized financial information of Global Atlantic’s closed blocks is as follows: As of December 31, 2021 Assets Total investments $ 2,964 Cash and cash equivalents 2,904 Accrued investment income 35 Reinsurance recoverable 1,293,791 Deferred income taxes 59,902 Total assets 1,359,596 Liabilities Future policy benefits 1,226,231 Outstanding claims 28,655 Contractholder deposit funds and other liabilities 1,074 Policyholder dividend obligation at fair value (1) 81,280 Policyholder dividends payable at fair value (1) 11,096 Total policy liabilities 1,348,336 Accrued expenses and other liabilities 10,412 Total liabilities 1,358,748 Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities $ (848) (1) Included within contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets. Year ended December 31, 2021 Revenues Premiums and other income $ 660 Net investment expense (28) Total revenues 632 Benefits and expenses Policy benefits (5,652) Other expenses 8 Total benefits and expenses (5,644) Net contribution from the closed blocks 6,276 Income tax (benefit) expense (3,026) Net income (loss) $ 9,302 Many expenses related to the closed block operations are charged to operations outside the closed blocks; accordingly, the contribution from the closed blocks does not represent the actual profitability of the closed block operations. The closed blocks of business represents policies acquired through acquisition, which were valued at fair value as of the acquisition date.

NET INVESTMENT-RELATED GAINS (L

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE	12 Months Ended
NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE	Dec. 31, 2021
Insurance [Abstract]
NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE	NET INVESTMENT INCOME - INSURANCE Net investment income for Global Atlantic is comprised primarily of interest income, including amortization of premiums and accretion of discounts, based on yields that change due to expectations in projected cash flows, dividend income from common and preferred stock, earnings from investments accounted for under equity method accounting, and lease income on other investments. The components of net investment income were as follows: Year Ended December 31, 2021 Fixed maturity securities – interest and other income $ 2,262,326 Mortgage and other loan receivables 952,951 Investments in transportation and other leased assets 208,057 Short-term and other investment income 54,785 Policy loans 35,411 Investments in real estate 16,101 Investments in renewable energy 142,095 Equity securities – dividends and other income 1,492 Income assumed from funds withheld receivable at interest 79,989 Income ceded to funds withheld payable at interest (461,505) Gross investment income 3,291,702 Less investment expenses: Investment management and administration 272,321 Transportation and renewable energy asset depreciation and maintenance 171,306 Interest expense on derivative collateral and repurchase agreements 2,452 Net investment income $ 2,845,623 Net investment-related (losses) gains from insurance operations primarily consists of (i) realized gains and (losses) from the disposal of investments, (ii) unrealized gains and (losses) from investments held for trading, equity securities, or with fair value remeasurements recognized in earnings as a result of the election of a fair-value option, (iii) unrealized gains and (losses) on funds withheld at interest, (iv) unrealized gains and (losses) from derivatives not designated in an hedging relationship, and (v) allowances for credit losses, and other impairments of investments. Net investment-related gains (losses) were as follows: Year Ended December 31, 2021 Realized gains (losses) on equity investments $ 511,247 Realized gains (losses) on available-for-sale fixed maturity debt securities (201,411) Credit loss allowances on AFS securities 25,316 Credit loss allowances on mortgage and other loan receivables (252,979) Credit loss allowances on unfunded commitments (21,675) Unrealized gains (losses) on fixed maturity securities classified as trading (118,714) Unrealized gains (losses) on investments recognized under the fair-value option 75,176 Net gains (losses) on derivative instruments 222,745 Realized gains (losses) on funds withheld at interest, payable portfolio (30,015) Realized gains (losses) on funds withheld at interest, receivable portfolio 12,418 Other realized gains (losses) (18,355) Net investment-related gains (losses) $ 203,753 Allowance for credit losses Available-for-sale fixed maturity securities The table below presents a roll-forward of the allowance for credit losses recognized for fixed maturity securities held by Global Atlantic: Year Ended December 31, 2021 Corporate Structured Total Balance, as of beginning of period (1) $ — $ 120,895 $ 120,895 Initial impairments for credit losses recognized on securities not previously impaired 3,238 55,271 58,509 Initial credit loss allowance recognized on PCD securities — 8,072 8,072 Accretion of initial credit loss allowance on PCD securities — 2,782 2,782 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (18,300) (18,300) Net additions / reductions for securities previously impaired — (83,825) (83,825) Balance, as of end of period $ 3,238 $ 84,895 $ 88,133 (1) Includes securities designated as purchased credit impaired as of the time of the acquisition of Global Atlantic. Mortgage and other loan receivables Changes in the allowance for credit losses on mortgage and other loan receivables held by Global Atlantic are summarized below: Year Ended December 31, 2021 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period (1) $ 58,203 $ 62,056 $ — $ 120,259 Net provision 7,767 10,024 235,188 252,979 Loans purchased with credit deterioration — 799 837 1,636 Charge-offs — (797) — (797) Balance, as of end of period $ 65,970 $ 72,082 $ 236,025 $ 374,077 (1) Includes loans designated as purchased credit deteriorated as of the time of the acquisition of Global Atlantic. Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of AFS fixed maturity securities were as follows: Year Ended December 31, 2021 AFS fixed maturity securities: Proceeds from voluntary sales $ 17,946,293 Gross gains 45,532 Gross losses (187,619) The following reflects the changes to the deferred policy acquisition costs ("DAC") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 459,781 Amortized to expense during the period (1) (23,492) Adjustment for unrealized investment-related losses (gains) during the period 11,597 Balance, as of end of period $ 447,886 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the value of business acquired ("VOBA") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ 1,024,520 Amortized to expense during the period (1) (65,257) Balance, as of end of period $ 959,263 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the negative VOBA liability: Year Ended December 31, 2021 Balance, as of Acquisition Date $ 1,273,414 Amortized to expense during the period (1) (154,698) Balance, as of end of period $ 1,118,716 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. Estimated future amortization of VOBA and Negative VOBA as of December 31, 2021 is as follows: Years VOBA Negative VOBA Total, net 2022 $ 67,204 $ (129,461) $ (62,257) 2023 63,289 (113,820) (50,531) 2024 59,428 (94,981) (35,553) 2025 55,757 (79,279) (23,522) 2026 52,230 (66,473) (14,243) 2027 and thereafter 661,355 (634,702) 26,653 Total $ 959,263 $ (1,118,716) $ (159,453) The following reflects the changes to the unearned revenue reserve ("URR") and unearned front-end load ("UFEL): Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 57,649 Amortized to revenue during the period (1) (12,247) Adjustment for unrealized investment-related gains during the period (11,798) Balance, as of end of period $ 33,604 (1) These amounts are reported within policy fees in the consolidated statements of operations. Policy liabilities by product were as follows as of December 31, 2021: As of December 31, 2021 Fixed-rate annuity (1) $ 61,827,855 Fixed-indexed annuity 27,935,000 Indexed universal life 12,133,840 Other life insurance 11,840,323 Funding agreements 6,014,553 Preneed 2,897,018 Variable annuity 2,469,759 Closed blocks 1,351,601 Other 50,095 Total $ 126,520,044 (1) Policy liabilities as of December 31, 2021 include $7.6 billion assumed disability income insurance of which 97% are comprised of policies in claim payout status, generally for the lifetime of the insured, and the remaining 3% comprised of an active life reserve where the Global Atlantic has retroceded the morbidity risk, respectively. Guaranteed benefits Guaranteed minimum death benefits Certain variable annuity and fixed-indexed annuity contracts contain GMDB features that provide a guarantee that the benefit received at death will be no less than a prescribed minimum amount, even if the account balance is reduced to zero. This amount is based on either the net deposits paid into the contract, the net deposits accumulated at a specified rate, the highest historical account value on a contract anniversary, or sometimes a combination of these values. If the GMDB is higher than the current account value at the time of death, Global Atlantic pays a benefit equal to the difference. The following table shows the balance of the GMDB reserves (as well as a rider for a long-term care benefit) reported in contractholder deposit funds and other policy liabilities in the consolidated statements of financial condition. The GMDB exposure includes reinsurance assumed. Year ended December 31, 2021 Balance, as of beginning of year $ 110,243 Expense incurred 28,352 Claims paid (15,011) Reinsurance premium paid (13,267) Claims ceded to reinsurers 9,388 Balance, as of end of year $ 119,705 The reserve is calculated by estimating the present value of total expected excess benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the “benefit ratio,” multiplied by the cumulative assessments as of the reporting date, less cumulative benefit payments, plus interest. The GMDB reserve methodology varies by block. For the legacy variable annuity block, a fair value election of the entire contract was made at February 1, 2021 as part of the GA Acquisition. The fair value is calculated using 1,000 risk neutral scenarios and discounted using U.S. Treasury rates plus an adjustment for own company credit risk. For the non-legacy variable annuity block, a Gross Premium Valuation (GPV) approach is used. The GPV is based on the present value of excess GMDB claims less the present value of a portion of the GMDB rider fees. Both the excess claims and rider fees are computed over 1,000 real world scenarios, and an average across all scenarios is calculated. The following information relates to the reserving methodology and assumptions for GMDB as of December 31, 2021: • The GPV uses stochastic scenarios consistent with the American Academy of Actuaries VM21 paths. Equity volatility is also consistent with the VM21 paths, with lower volatility modelled for the volatility controlled funds (as determined by a third-party proprietary model); • The projection of equity index returns for the legacy Fair Value variable annuity blocks are determined by a third-party proprietary model. Equity volatilities are also determined by the same third-party proprietary model; • The mortality assumptions are factors of an industry standard mortality table based on company experience varying by age and gender, with 20 years of mortality improvements; and, • The partial withdrawal rate assumption varies by tax-qualified status and attained age. For the year ended December 31, 2021, total projected partial withdrawals were from 3.0% to 8.1%. The following table presents the account value, net amount at risk and average attained age of underlying variable annuity contractholders for guarantees in the event of death as of December 31, 2021. The net amount at risk is the death benefit coverage in-force or the amount that Global Atlantic would have to pay if all variable annuity contractholders had died as of the specified date, and represents the excess of the guaranteed benefit over the account value. As of December 31, 2021 ($ in thousands, except for contractholders information) Net deposits paid Account value $ 4,615,409 Net amount at risk $ 95,467 Average attained age of contractholders 69 Ratchet (highest historical account value at specified anniversary dates) Account value $ 512,683 Net amount at risk $ 15,827 Average attained age of contractholders 72 Roll-up (net deposits accumulated at a specified rate) Account value $ 11,053 Net amount at risk $ 1,801 Average attained age of contractholders 84 Higher of ratchet or roll-up Account value $ 1,694,832 Net amount at risk $ 278,424 Average attained age of contractholders 77 Total of guaranteed benefits categorized above Account value $ 6,833,977 Net amount at risk $ 391,519 Average attained age of contractholders (weighted by account value) 71 Number of contractholders 77,059 Guaranteed minimum withdrawal benefits Certain fixed-indexed and variable annuity contracts are issued with a guaranteed minimum withdrawal feature. GMWB are an optional benefit where a contractholder is entitled to withdraw up to a specified amount of their benefit base each year. The feature provides annuity policyholders with a minimum guaranteed stream of income for life, once the option is elected. The annual income amount is based on an annual withdrawal percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and is generally the initial premium, reduced by any partial withdrawals, increased by a contractually defined percentage. Benefit payments are first deducted from the contractual account value. Excess guaranteed benefits are defined as the benefits paid once the underlying account value has reached zero. The ultimate cost of these benefits will depend on the level of market returns and the level of contractual guarantees, as well as policyholder behavior, including surrenders, withdrawals and benefit utilization. For fixed-indexed annuity products, costs also include certain non-guaranteed terms that impact the ultimate cost, such as caps on crediting rates that can, at Global Atlantic’s discretion, reset annually. Reserves for the fixed indexed annuity GMWB are calculated by estimating the present value of total expected (excess) benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the "benefit ratio", and multiplying this ratio by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on reserves. The variable annuity GMWB meets the criteria for an embedded derivative, which is required to be measured at fair value. Refer to "Variable annuities with guaranteed minimum withdrawal benefits" below for more guidance on how these reserves are valued. The following table shows the balance of the GMWB reserves reported in contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets: Year ended December 31, 2021 Balance, as of beginning of year $ 872,914 Expense incurred 137,932 Balance, as of end of year $ 1,010,846 The following table presents the account value, net amount at risk and number of contractholders for annuity contracts with guaranteed withdrawal benefits as of December 31, 2021: As of December 31, 2021 ($ in thousands, except for contractholders information) Account value $ 11,057,318 Net amount at risk $ 3,655,914 Number of contractholders 80,955 Contractholder deposit funds with embedded derivatives The following table shows the balances of the account value and embedded derivatives reported in policy liabilities in the consolidated statements of financial condition: As of December 31, 2021 Account value $ 28,537,784 Embedded derivatives $ 2,541,225 The following paragraphs describe the products presented within the above table along with the underlying methodology used to calculate the embedded derivatives. Global Atlantic’s fixed-indexed annuity, indexed universal life and variable annuity products contain equity-indexed features which are considered embedded derivatives and required to be measured at fair value. The fair value of the equity-indexed embedded derivative is calculated as the present value of future projected benefits in excess of the projected guaranteed benefits, using an option budget as the indexed account value growth rate, for fixed-index annuity and indexed universal life products, and the present value of future projected benefits in excess of the future allocated assessments for variable annuity products. In addition, the fair value of the embedded derivative is reduced to reflect the risk of nonperformance on Global Atlantic’s obligation, referred to as nonperformance risk. Changes in interest rates, future index credits, nonperformance risk, projected withdrawal and surrender activity, and mortality can have a significant impact on the value of the embedded derivative. Fixed-indexed annuities Fixed-indexed annuity contracts allow the policyholder to elect a fixed interest rate return or a market indexed strategy where interest credited is based on the performance of an index, such as S&P 500 or other indices. The equity market strategy is an embedded derivative, similar to a call option. The fair value of the embedded derivative is computed as the present value of benefits attributable to the excess of the projected policy contract values over the projected minimum guaranteed contract values. The projections of policy contract values are based on assumptions for future policy growth, which include assumptions for expected index credits, future equity option costs, volatility, interest rates and policyholder behavior. The projections of minimum guaranteed contract values include the same assumptions for policyholder behavior as are used to project policy contract values. The embedded derivative cash flows are discounted using a risk free interest rate increased by a non-performance risk spread tied to Global Atlantic’s own credit rating. Indexed universal life Indexed universal life contracts allow a policyholder’s account value growth to be indexed to certain equity indices, which result in an embedded derivative similar to a call option. The embedded derivative related to the index is bifurcated from the account value and measured at fair value. The valuation of the embedded derivative is the present value of future projected benefits in excess of the projected guaranteed benefits, using the option budget as the indexed account value growth rate and the guaranteed interest rate as the guaranteed account value growth rate. Present values are based on discount rate curves determined at the valuation date/issue date as well as assumed lapse and mortality rates. The discount rate equals the forecast treasury rate plus a non-performance risk spread tied to Global Atlantic’s own credit rating. Changes in discount rates and other assumptions such as spreads and/or option budgets can have a substantial impact on the embedded derivative. Variable annuities with guaranteed minimum withdrawal benefits Global Atlantic has issued variable annuity contracts with a GMWB feature. The GMWB feature provides annuity contractholders with a guaranteed stream of payments for life, once income is activated. The annual income amount is based on a percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and may incorporate various combinations of ratchet and roll-up features. Benefit payments are first deducted from the account value. Excess guaranteed benefits are defined as all GMWB paid once the underlying account value has reached zero. The GMWB is considered an embedded derivative and measured at fair value. The fair value calculation for the embedded derivative includes the following considerations: • The reserve is based on projections run under a large number of stochastic scenarios; • All underlying scenarios are generated using risk neutral assumptions; • The mean of the projected returns is based on a risk free rate; • Volatilities are based on market implied volatilities; and, • The discount rate for this fair value calculation equals the risk free rate plus a spread consistent with Global Atlantic’s risk of non-performance on its obligations, which is referred to as its own credit risk. Universal life with no-lapse guarantee Global Atlantic has certain in-force universal life contracts which provide a secondary guarantee, or “no-lapse guarantee,” to the policyholder. The policy can remain in-force, even if the policyholder’s account value is zero, as long as contractual secondary guarantee requirements have been met. The primary risk associated with these guarantees are that the premium collected under these policies, together with the investment return earned on that premium, is ultimately insufficient to pay the policyholder’s benefits and the expenses associated with issuing and administering these policies. Global Atlantic holds an additional reserve in connection with these guarantees. The change in the reserve is included in policy benefits and claims in the consolidated statements of income. The additional reserve related to universal life products with secondary guarantees is calculated using methods similar to those described above under “Guaranteed minimum death benefits.” The costs related to these secondary guarantees are recognized over the life of the contracts through the accrual and subsequent release of a reserve which is revalued each period. The reserve is determined for any point in time equal to the accumulated value of the assessments since inception times the benefit ratio less the accumulated value of death benefits paid since inception. The benefit ratio is the present value of total expected benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract. Generally, total expected excess benefit payments are the aggregate of death claims after the policyholder account value is exhausted. The exception is when the cost of insurance charges are insufficient to produce consistently positive earnings in the future. In this case, all death benefits are deemed to be excess benefits. The reserves for universal life no-lapse guarantees were $4.6 billion as of December 31, 2021. Preneed reserves Preneed life insurance pays a death benefit that helps cover funeral costs according to a prearranged funeral agreement. A liability for preneed policyholder benefits is established in an amount determined by the account or contract balance that accrues to the benefit of the policyholder. Reserves on preneed business are based on cash surrender values of issued policies. An additional insurance liability is established as of each reporting date where the total liability is equal to the present value of projected future benefits and maintenance expenses, including discretionary death benefits to be credited to policies using current period discretionary death benefit crediting rates under current assumptions. We have the discretion to adjust these death benefit crediting rates up or down. Global Atlantic has also issued preneed insurance contracts with crediting rates tied to inflation as measured by the Consumer Price Index or other indices. For these contracts, future death benefit growth is based on the expected yield curve on the swaps hedging the reserves. These crediting rates utilize the following assumptions: • Credited interest rate: Based on the non-forfeiture rates of 3.0% to 5.5%. • Mortality: Based on Global Atlantic’s experience. • Death benefit inflation: Based on the discretionary death benefit inflation rates in effect at the current reporting date. To mitigate the risk that a policy will not keep pace with increases in funeral prices or remain competitive, Global Atlantic has the discretion to increase or decrease the death benefit. Such increases or decreases are considered on a quarterly basis and vary by plan. • Maintenance expenses: Based on Global Atlantic’s experience and expressed as a cost per paid-up policy and a cost per premium-paying policy. The earned interest rate used to calculate estimated gross profits is based on the asset yield. Closed blocks Summarized financial information of Global Atlantic’s closed blocks is as follows: As of December 31, 2021 Assets Total investments $ 2,964 Cash and cash equivalents 2,904 Accrued investment income 35 Reinsurance recoverable 1,293,791 Deferred income taxes 59,902 Total assets 1,359,596 Liabilities Future policy benefits 1,226,231 Outstanding claims 28,655 Contractholder deposit funds and other liabilities 1,074 Policyholder dividend obligation at fair value (1) 81,280 Policyholder dividends payable at fair value (1) 11,096 Total policy liabilities 1,348,336 Accrued expenses and other liabilities 10,412 Total liabilities 1,358,748 Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities $ (848) (1) Included within contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets. Year ended December 31, 2021 Revenues Premiums and other income $ 660 Net investment expense (28) Total revenues 632 Benefits and expenses Policy benefits (5,652) Other expenses 8 Total benefits and expenses (5,644) Net contribution from the closed blocks 6,276 Income tax (benefit) expense (3,026) Net income (loss) $ 9,302 Many expenses related to the closed block operations are charged to operations outside the closed blocks; accordingly, the contribution from the closed blocks does not represent the actual profitability of the closed block operations. The closed blocks of business represents policies acquired through acquisition, which were valued at fair value as of the acquisition date.

INVESTMENTS

INVESTMENTS	12 Months Ended
INVESTMENTS	Dec. 31, 2021
Investments [Abstract]
INVESTMENTS	90 Days Total Corporate Securities $ — $ — $ — $ 312,965 $ 312,965 Total borrowing $ — $ — $ — $ 312,965 $ 312,965 Other As of December 31, 2021, the cost or amortized cost and fair value of the assets on deposit with various state and governmental authorities was $182.6 million and $180.8 million, respectively." id="sjs-B4">INVESTMENTS Investments consist of the following: December 31, 2021 December 31, 2020 Asset Management Private Equity $ 25,685,750 $ 20,470,123 Credit 7,949,573 11,203,905 Investments of Consolidated CFEs 22,076,809 17,706,976 Real Assets 12,500,749 6,096,618 Equity Method - Other 4,877,592 4,471,441 Equity Method - Capital Allocation-Based Income 11,539,945 6,460,430 Other Investments 4,145,096 2,865,222 Investments - Asset Management $ 88,775,514 $ 69,274,715 Insurance Fixed maturity securities, available-for-sale, at fair value (1) $ 68,870,886 $ — Mortgage and other loan receivables 28,876,759 — Fixed maturity securities, trading, at fair value (2) 13,753,573 — Other investments 8,208,566 — Funds withheld receivable at interest 2,999,448 — Policy loans 765,310 — Equity securities at fair value 289,133 — Investments - Insurance $ 123,763,675 $ — Total Investments $ 212,539,189 $ 69,274,715 ( 1) Amortized cost of $71.2 billion, net of credit loss allowances of $88.1 million. (2) Amortized cost of $13.9 billion. As of December 31, 2021 and 2020, there were no investments which represented greater than 5% of total investments. For certain disclosures a comparison to prior period is not provided when the amounts relate to investments held by Global Atlantic, which was acquired by KKR on February 1, 2021. Equity Method KKR evaluates its equity method investments for which KKR has not elected the fair value option for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. During the year ended December 31, 2021, there was no impairment charge related to equity method investments. During the year ended December 31, 2020, KKR recognized an $88.3 million impairment charge in Net Gains (Losses) from Investment Activities to reduce the carrying value of one of its equity method investments that is accounted for under the equity method of accounting to its fair value. KKR determined that the growth expectations of the investment had declined significantly and the estimated fair value of the investment had declined meaningfully. Therefore, KKR performed a valuation to determine whether the fair value of the investment had declined below its carrying value using a discounted cash flow analysis, a Level III fair value methodology. Based on the discounted cash flow analysis, KKR concluded that the fair value of its investment had declined below is carrying value and that the decline was other than temporary. Summarized Financial Information KKR evaluates each of its equity method investments to determine if any are significant as defined in the regulations promulgated by the U.S. Securities and Exchange Commission (the "SEC"). As of and for the years ended December 31, 2021, 2020, and 2019, no individual equity method investment held by KKR met the significance criteria. As such, KKR is not required to present separate financial statements for any of its equity method investments. The following table shows summarized financial information relating to the statements of financial condition for all of KKR's equity method investments assuming 100% ownership as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Asset Management Total Assets $ 154,165,237 $ 127,447,298 Total Liabilities $ 20,176,773 $ 25,934,871 Total Equity $ 133,988,464 $ 101,512,427 Insurance Total Assets $ 14,031,374 $ — Total Liabilities $ 3,360,701 $ — Total Equity $ — $ — The following table shows summarized financial information relating to the statements of operations for all of KKR's equity method investments assuming 100% ownership for the years ended December 31, 2021, 2020 and 2019: For the Years Ended December 31, 2021 2020 2019 Asset Management Investment Related Revenues $ 5,812,879 $ 3,957,091 $ 2,552,266 Other Revenues 3,919,200 3,526,681 5,132,796 Investment Related Expenses 2,504,491 2,347,521 1,385,870 Other Expenses 2,949,799 2,534,041 4,066,713 Net Realized and Unrealized Gain/(Loss) from Investments 31,380,451 8,007,682 10,532,988 $ 35,658,240 $ 10,609,892 $ 12,765,467 Insurance Revenues $ 1,225,099 $ — $ — Expenses 588,724 — — $ 636,375 $ — $ — Net Income (Loss) $ 36,294,615 $ 10,609,892 $ 12,765,467 Fixed maturity securities The cost or amortized cost and fair value for AFS fixed maturity securities were as follows: Cost or amortized cost Allowance for Credit Losses (2)(3) Gross unrealized Fair value As of December 31, 2021 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 785,144 $ — $ 4,171 $ (4,768) $ 784,547 U.S. state, municipal and political subdivisions 5,122,651 — 42,286 (55,240) 5,109,697 Corporate 41,433,757 (3,238) 190,516 (688,648) 40,932,387 RMBS 7,703,030 (50,975) 126,662 (113,359) 7,665,358 CMBS 5,952,656 (282) 16,332 (56,523) 5,912,183 CBOs 3,111,620 (22,160) 6,862 (27,466) 3,068,856 CLOs 2,985,098 (639) 6,554 (5,776) 2,985,237 All other structured securities (1) 2,425,540 (10,839) 19,990 (22,070) 2,412,621 Total AFS fixed maturity securities $ 69,519,496 $ (88,133) $ 413,373 $ (973,850) $ 68,870,886 (1) Includes primarily asset-backed securities ("ABS"). (2) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statement of operations (as net investment (losses) gains) or that were recognized as a gross-up of the purchase price of PCD securities. Amount excludes unrealized losses related to non-credit impairment. (3) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(46.4) million. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties, or Global Atlantic may have the right to put or sell the obligations back to the issuers. The maturity distribution for AFS fixed maturity securities is as follows: As of December 31, 2021 Cost or Fair value Due in one year or less $ 871,340 $ 869,287 Due after one year through five years 9,256,449 9,171,707 Due after five years through ten years 11,460,032 11,350,091 Due after ten years 25,750,493 25,435,546 Subtotal 47,338,314 46,826,631 RMBS 7,652,055 7,665,358 CMBS 5,952,374 5,912,183 CBOs 3,089,460 3,068,856 CLOs 2,984,459 2,985,237 All other structured securities 2,414,701 2,412,621 Total AFS fixed maturity securities $ 69,431,363 $ 68,870,886 Purchased credit deteriorated securities Certain securities purchased by Global Atlantic were assessed at acquisition as having experienced a more-than-insignificant deterioration in credit quality since their origination. These securities are identified as PCD, and a reconciliation of the difference between the purchase price and the par value of these PCD securities is below: December 31, 2021 Purchase price of PCD securities acquired during the current period $ 1,734,352 Allowance for credit losses at acquisition 128,967 Discount (premium) attributable to other factors 311,729 Par value $ 2,175,048 Securities in a continuous unrealized loss position The following tables provide information about AFS fixed maturity securities that have been continuously in an unrealized loss position: Less than 12 months 12 months or more Total As of December 31, 2021 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 311,096 $ (4,768) $ — $ — $ 311,096 $ (4,768) U.S. state, municipal and political subdivisions 2,802,309 (55,240) — — 2,802,309 (55,240) Corporate 30,385,514 (688,648) — — 30,385,514 (688,648) RMBS 3,196,876 (113,359) — — 3,196,876 (113,359) CBOs 2,152,790 (27,466) — — 2,152,790 (27,466) CMBS 3,405,774 (56,523) — — 3,405,774 (56,523) CLOs 1,172,330 (5,776) — — 1,172,330 (5,776) All other structured securities 1,348,356 (22,070) — — 1,348,356 (22,070) Total AFS fixed maturity securities in a continuous loss position $ 44,775,045 $ (973,850) $ — $ — $ 44,775,045 $ (973,850) Unrealized gains and losses can be created by changing interest rates or several other factors, including changing credit spreads. Global Atlantic had gross unrealized losses on below investment grade AFS fixed maturity securities of $77.0 million as of December 31, 2021. The single largest unrealized loss on AFS fixed maturity securities was $7.3 million as of December 31, 2021. Global Atlantic had 4,370 securities in an unrealized loss position as of December 31, 2021. Mortgage and other loan receivables Mortgage and other loan receivables consist of the following: As of December 31, 2021 Commercial mortgage loans (1) $ 13,824,772 Residential mortgage loans (1) 8,724,904 Consumer loans 5,617,925 Other loan receivables (1)(2)(3) 1,083,235 Total mortgage and other loan receivables 29,250,836 Allowance for credit losses (4) (374,077) Total mortgage and other loan receivables, net of allowance for loan losses $ 28,876,759 (1) Includes $805.4 million of loans carried at fair value using the fair value option as of December 31, 2021. The fair value option was elected for these loans for asset-liability matching purposes. These loans had unpaid principal balances of $794.1 million as of December 31, 2021. (2) As of December 31, 2021, other loan receivables consisted primarily of loans collateralized by aircraft of $850.1 million. (3) Includes $27.3 million of related party loans carried at fair value using the fair value option as of December 31, 2021. These loans had unpaid principal balances of $27.3 million as of December 31, 2021. (4) Includes credit loss allowances on purchase-credit deteriorated mortgage and other loan receivables of $(77.9) million. The maturity distribution for residential and commercial mortgage loans was as follows as of December 31, 2021: Years Residential Commercial Total mortgage loans 2022 $ 502,584 $ 1,166,088 $ 1,668,672 2023 37,144 1,103,246 1,140,390 2024 603,698 1,811,096 2,414,794 2025 17,401 1,191,208 1,208,609 2026 703,484 2,933,629 3,637,113 2027 and thereafter 6,860,593 5,619,505 12,480,098 Total $ 8,724,904 $ 13,824,772 $ 22,549,676 Actual maturities could differ from contractual maturities, because borrowers may have the right to prepay (with or without prepayment penalties) and loans may be refinanced. Global Atlantic diversifies its mortgage loan portfolio by both geographic region and property type to reduce concentration risk. The following tables present the mortgage loans by geographic region and property type: Mortgage loans - carrying value by geographic region December 31, 2021 Pacific $ 6,675,064 West South Central 2,675,890 South Atlantic 4,996,043 Middle Atlantic 3,142,973 East North Central 590,911 Mountain 1,957,099 New England 1,099,157 East South Central 1,035,764 West North Central 350,546 Other regions 26,229 Total by geographic region $ 22,549,676 Mortgage loans - carrying value by property type December 31, 2021 Residential $ 8,724,904 Office building 4,185,146 Apartment 6,194,819 Industrial 1,981,713 Retail 780,071 Other property types 483,560 Warehouse 199,463 Total by property type $ 22,549,676 As of December 31, 2021, Global Atlantic had $202.7 million of mortgage loans that were 90 days or more past due or in the process of foreclosure. Global Atlantic ceases accrual of interest on loans that are more than 90 days past due and recognizes income as cash is received. As of December 31, 2021, there were $202.7 million of mortgage loans that were non-income producing. As of December 31, 2021, 1% of residential mortgage loans have been granted forbearance due to COVID-19. This forbearance, which generally involves a 3-month period in which payments are not required (though must subsequently be made up), is not considered to result in troubled debt restructurings for the year ended December 31, 2021. Interest continues to accrue on loans in temporary forbearance. As of December 31, 2021, Global Atlantic had $5.1 million of consumer loans that were delinquent by more than 120 days or in default. Purchased credit deteriorated loans Certain residential mortgage loans purchased by Global Atlantic were assessed at acquisition as having experienced a more-than-insignificant deterioration in credit quality since their origination. These loans are identified as PCD, and a reconciliation of the difference between the purchase price and the par value of these PCD loans is below: December 31, 2021 Purchase price of PCD loans acquired during the current period $ 4,231,426 Allowance for credit losses at acquisition 121,895 Discount (premium) attributable to other factors (136,174) Par value $ 4,217,147 Credit quality indicators Mortgage and loan receivable performance status The following table represents the portfolio of mortgage and loan receivables by origination year and performance status: December 31, Performance status 2021 2020 2019 2018 2017 Prior Total Commercial mortgage loans Current $ 6,831,655 $ 976,369 $ 1,883,908 $ 1,373,865 $ 817,954 $ 1,941,021 $ 13,824,772 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage loans $ 6,831,655 $ 976,369 $ 1,883,908 $ 1,373,865 $ 817,954 $ 1,941,021 $ 13,824,772 Residential mortgage loans Current $ 4,505,537 $ 1,576,342 $ 393,153 $ 123,995 $ 65,070 $ 1,711,156 $ 8,375,253 30 to 59 days past due 24,955 6,028 5,818 1,155 739 75,104 113,799 60 to 89 days past due 4,247 1,243 607 — — 27,028 33,125 Over 90 days past due 5,305 14,272 21,985 2,686 — 158,479 202,727 Total residential mortgage loans $ 4,540,044 $ 1,597,885 $ 421,563 $ 127,836 $ 65,809 $ 1,971,767 $ 8,724,904 Total mortgage loans $ 11,371,699 $ 2,574,254 $ 2,305,471 $ 1,501,701 $ 883,763 $ 3,912,788 $ 22,549,676 The following table represents the portfolio of consumer loan receivables by performance status: Performance status December 31, 2021 Consumer loans Current $ 5,556,923 30 to 59 days past due 34,048 60 to 89 days past due 16,817 Over 90 days past due 10,137 Total consumer loans $ 5,617,925 Loan-to-value ratio on mortgage loans The loan-to-value ratio is expressed as a percentage of the current amount of the loan relative to the value of the underlying collateral. The following table summarizes the loan-to-value ratios for commercial mortgage loans as of December 31, 2021: Loan-to-value as of December 31, 2021, by year of origination Carrying value loan-to-value 70% and less Carrying value loan-to-value 71% - 90% Carrying value loan-to-value over 90% Total carrying value 2021 $ 4,910,170 $ 1,921,485 $ — $ 6,831,655 2020 819,406 121,997 34,966 976,369 2019 1,747,656 136,252 — 1,883,908 2018 1,324,807 49,058 — 1,373,865 2017 772,989 44,965 — 817,954 2016 425,926 2,440 — 428,366 Prior 1,497,503 15,152 — 1,512,655 Total commercial mortgage loans $ 11,498,457 $ 2,291,349 $ 34,966 $ 13,824,772 Changing economic conditions affect the valuation of commercial mortgage loans. Changing vacancies and rents are incorporated into the discounted cash flow analysis that Global Atlantic performs for monitored loans and may contribute to the establishment of (or increase or decrease in) a commercial mortgage loan valuation allowance for credit losses. In addition, Global Atlantic continuously monitors its commercial mortgage loan portfolio to identify risk. Areas of emphasis are properties that have exposure to specific geographic events, or have deteriorating credit. The weighted average loan-to-value ratio for the residential mortgage loans was 68% as of December 31, 2021 . Other investments Other investments consist of the following: December 31, 2021 Investments in renewable energy (1) $ 3,573,811 Investments in transportation and other leased assets (2) 2,663,759 Other investment partnerships 234,301 Investments in real estate 1,564,853 FHLB common stock and other investments 171,842 Total other investments $ 8,208,566 (1) Net of accumulated depreciation attributed to consolidated renewable energy assets of $156.8 million as of December 31, 2021. (2) Net of accumulated depreciation of $105.1 million as of December 31, 2021. The total amount of other investments accounted for using the equity method of accounting was $1.2 billion as of December 31, 2021 . Global Atlantic's maximum exposure to loss related to these equity method investments is limited to the carrying value of these investments plus unfunded commitments of $22.4 million as of December 31, 2021. In addition, Global Atlantic has investments that would otherwise require the equity method of accounting for which the fair value option has been elected. The carrying amount of these investments was $147.8 million as of December 31, 2021. Funding agreements Certain Global Atlantic subsidiaries are members of regional banks in the FHLB system. These subsidiaries have also entered into funding agreements with their respective FHLB. The funding agreements are issued in exchange for cash. The funding agreements require that Global Atlantic pledge eligible assets, such as commercial mortgage loans, as collateral. With respect to certain classes of eligible assets, the FHLB holds the pledged eligible assets in custody at the respective FHLB. The liabilities for the funding agreements are included in policy liabilities in the consolidated statements of financial condition. Information related to the FHLB investment and funding agreements as of December 31, 2021 is as follows: As of December 31, 2021 Investment in common stock Funding agreements issued to FHLB member banks Collateral FHLB Indianapolis $ 80,640 $ 1,619,765 $ 2,577,698 FHLB Des Moines 34,600 620,006 1,004,530 FHLB Boston 22,520 326,639 553,384 Total $ 137,760 $ 2,566,410 $ 4,135,612 In addition, in January 2021, Global Atlantic launched an inaugural funding agreement backed note ("FABN") program, through which GA Global Funding Trust, a special purpose statutory trust, was established to offer its senior secured medium-term notes. Net proceeds from each sale of the aforementioned notes are used to purchase one or more funding agreements from Forethought Life Insurance Company, an insurance subsidiary of Global Atlantic. As of December 31, 2021, Global Atlantic had $3.5 billion of such funding agreements outstanding, with $6.5 billion of remaining capacity under the program. Subsequent to year-end, in January 2022, Global Atlantic issued an additional $1.1 billion of funding agreements in connection with the program. Repurchase agreement transactions As of December 31, 2021, Global Atlantic participated in third-party repurchase agreements with a notional value of $300.4 million. As collateral for these transactions, as of December 31, 2021, Global Atlantic posted fixed maturity securities with a fair value and amortized cost of $313.0 million and $317.0 million, respectively, which are included in Insurance - Investments in the consolidated statements of financial condition. The fair value of securities pledged for repurchase agreements by class of collateral and remaining contractual maturity as of December 31, 2021 is presented in the following table: As of December 31, 2021 Overnight <30 Days 30 - 90 Days > 90 Days Total Corporate Securities $ — $ — $ — $ 312,965 $ 312,965 Total borrowing $ — $ — $ — $ 312,965 $ 312,965 Other As of December 31, 2021, the cost or amortized cost and fair value of the assets on deposit with various state and governmental authorities was $182.6 million and $180.8 million, respectively.

DERIVATIVES

DERIVATIVES	12 Months Ended
DERIVATIVES	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES Asset Management As discussed in Note 2 "Summary of Significant Accounting Policies", KKR and certain of its consolidated funds have entered into derivative transactions as part of their overall risk management for the asset management business and investment strategies. These derivative contracts are not designated as hedging instruments for accounting purposes. Such contracts may include forward, swap and option contracts related to foreign currencies and interest rates to manage foreign exchange risk and interest rate risk arising from certain assets and liabilities. All derivatives are recognized in Other Assets or Accrued Expenses and Other Liabilities and are presented on a gross basis in the consolidated statements of financial condition and measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. KKR's derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. KKR attempts to reduce this risk by limiting its counterparties to major financial institutions with strong credit ratings. Insurance Global Atlantic holds derivative instruments that are primarily used in its hedge program. Global Atlantic has established a hedge program that seeks to mitigate economic impacts primarily from interest rate and equity price movements, while taking into consideration accounting and capital impacts. Global Atlantic hedges interest rate and equity market risks associated with its insurance liabilities including fixed-indexed annuities, indexed universal life policies, variable annuity policies and variable universal life policies, among others. For fixed-indexed annuities and indexed universal life policies, Global Atlantic generally seeks to use static hedges to offset the exposure primarily created by changes in its embedded derivative balances. Global Atlantic generally purchases options which replicate the crediting rate strategies, often in the form of call spreads. Call spreads are the purchase of a call option matched by the sale of a different call option. For variable annuities and variable universal life policies, Global Atlantic generally seeks to dynamically hedge its exposure to changes in the value of the guarantee it provides to policyholders. Doing so requires the active trading of several financial instruments to respond to changes in market conditions. In addition, Global Atlantic enters into inflation swaps to manage inflation risk associated with inflation-indexed preneed policies. In the context of specific reinsurance transactions in the institutional channel or acquisitions, Global Atlantic may also enter into hedges which are designed to limit short-term market risks to the economic value of the target assets. From time to time, Global Atlantic also enters into hedges designed to mitigate interest rate and credit risk in investment income, interest expense, and fair value of assets and liabilities. In addition, Global Atlantic enters into currency swaps and forwards to manage any foreign exchange rate risks that may arise from investments denominated in foreign currencies. Global Atlantic attempts to mitigate the risk of loss due to ineffectiveness under these derivative investments through a regular monitoring process which evaluates the program’s effectiveness. Global Atlantic's exposed to risk of loss in the event of non-performance by the counterparties and, accordingly, all option contracts are purchased from counterparties that have been evaluated for creditworthiness. All of these counterparties are nationally recognized financial institutions with a Moody’s or S&P investment-grade credit rating. Global Atlantic monitors its derivative activities by reviewing portfolio activities and risk levels. Global Atlantic also oversees all derivative transactions to ensure that the types of transactions entered into and the results obtained from those transactions are consistent with both Global Atlantic's risk management strategy and its policies and procedures. The restricted cash which was held in connection with open derivative transactions with exchange brokers was $151.1 million as of December 31, 2021. Global Atlantic also has embedded derivatives related to reinsurance contracts that are accounted for on a modified coinsurance and funds withheld basis. An embedded derivative exists because the arrangement exposes the reinsurer to third-party credit risk. These embedded derivatives are included in funds withheld receivable at interest in the consolidated balance sheets. Derivatives designated as accounting hedges Where Global Atlantic has derivative instruments that are designated and qualify as accounting hedges, these derivative instruments receive hedge accounting. Global Atlantic has designated interest rate swaps to hedge the interest rate risk associated with the $500 million senior unsecured notes due 2029, $650 million senior unsecured notes due 2031 and FHLB funding agreement liabilities in fair value hedges. The 2029 Senior Notes and 2031 Senior Notes are reported in debt and FHLB funding agreement liabilities are reported in policy liabilities in the consolidated statements of financial condition and are hedged through their respective maturities. These hedges qualify for the shortcut method of assessing hedge effectiveness. The following table represents the gains (losses) recognized on derivative instruments and related hedged items in fair value hedging relationship: Year Ended December 31, 2021 Derivatives Hedged items Net 2029 Senior Notes $ (18,808) $ 18,808 $ — 2031 Senior Notes (5,561) 5,561 — FHLB funding agreement liabilities (16,092) 16,092 — The following table represents the carrying values and fair value adjustments for the hedged items: As of December 31, 2021 Carrying value Fair value of hedge adjustments 2029 Senior Notes $ 473,890 $ (18,808) 2031 Senior Notes 644,439 (5,561) FHLB funding agreement liabilities 1,070,770 (16,092) Global Atlantic has designated bond forwards to hedge the interest rate risk associated with the planned purchase of AFS debt securities in cash flow hedges. Regression analysis is used to assess the effectiveness of these hedges. As of December 31, 2021, there was a cumulative gain of $9.4 million on the bond forwards recorded in accumulated other comprehensive (loss) income. Amounts deferred in accumulated other comprehensive (loss) income are reclassified to net investment income following the qualifying purchases of AFS securities, as an adjustment to the yield earned over the life of the purchased securities, using the effective interest method. These arrangements are hedging purchases from July 2021 through January 2027 and are expected to affect earnings until 2051. There were $1.6 billion of securities purchased for the year ended December 31, 2021. Global Atlantic estimates that the amount of gains/losses in accumulated other comprehensive (loss) income to be reclassified into earnings in the next 12 months will not be material. Global Atlantic has designated foreign exchange forward purchase contracts ("FX forwards") to hedge the foreign currency risk associated with foreign currency-denominated bonds in fair value hedges. These foreign currency-denominated bonds are accounted for as AFS fixed maturity securities. Changes in the fair value of the hedged AFS fixed maturity securities due to changes in spot exchange rates are reclassified from AOCI to earnings, which offsets the earnings impact of the spot changes of the FX forwards. The effectiveness of these hedges is assessed using the spot method. Changes in the fair value of the FX forwards related to changes in the spot-forward difference are excluded from the assessment of hedge effectiveness and are deferred in AOCI and recognized in earnings using a systematic and rational method over the life of the FX forwards. The following table represents the gains (losses) related to the FX forwards hedging instruments: Year Ended December 31, 2021 Net investment-related gains (losses) $ 21,490 AOCI 2,275 Amortization - excluded component 2,971 The fair value and notional value of the derivative assets and liabilities were as follows: As of December 31, 2021 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 12,822,521 $ 590,637 $ 319,511 Other Derivatives 505,725 491 45,003 Total Asset Management 591,128 364,514 Insurance Equity market contracts $ 31,294,053 $ 1,216,843 $ 186,754 Interest rate contracts 16,692,035 198,658 101,245 Foreign currency contracts 1,517,434 32,464 7,639 Credit risk contracts 107,754 — 1,540 Impact of netting (1) (152,015) (152,015) Fair value included within derivative assets and derivative liabilities 1,295,950 145,163 Embedded derivative – indexed universal life products — 557,276 Embedded derivative – annuity products — 1,983,949 Fair value included within policy liabilities — 2,541,225 Embedded derivative – funds withheld at interest 31,740 (49,491) Total Insurance 1,327,690 2,636,897 Fair value included within total assets and liabilities $ 1,918,818 $ 3,001,411 (1) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2020 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 9,837,178 $ 250,398 $ 551,728 Other Derivatives 802,988 7,839 126,950 Total Asset Management 258,237 678,678 Fair value included within total assets and liabilities $ 258,237 $ 678,678 The amounts of derivative gains and losses recognized are reported in the consolidated statements of operations as follows: Derivative contracts not designated as hedges Years Ended December 31, 2021 2020 2019 Asset Management Net Gains (Losses) from Investment Activities: Foreign Exchange Contracts and Options $ 545,238 $ (332,096) $ 181,484 Other Derivatives (77,034) (202,744) (56,502) Total included in Net Gains (Losses) from Investment Activities $ 468,204 $ (534,840) $ 124,982 Insurance Net investment-related gains (losses): Funds withheld receivable embedded derivatives $ 31,740 $ — $ — Funds withheld payable embedded derivatives 49,491 — — Equity index options 549,987 — — Equity future contracts (263,637) — — Interest rate contracts (146,920) — — Credit risk contracts (400) — — Total included in net investment-related gains (losses) $ 220,261 $ — $ — Derivative contracts designated as hedges Years Ended December 31, 2021 2020 2019 Insurance Revenues: Foreign currency forwards $ 2,484 $ — $ — Total included in net investment-related gains (losses) $ 2,484 $ — $ — Policy benefits and claims: Interest rate swap $ (16,177) $ — $ — Total included in policy benefits and claims $ (16,177) $ — $ — Interest expense: Interest rate swap $ (15,069) $ — $ — Total included in interest expense $ (15,069) $ — $ — The amount of Global Atlantic's net derivative assets and liabilities after consideration of collateral received or pledged were as follows: As of December 31, 2021 Gross amount recognized Gross amounts offset in the statement of financial position (1) Net amounts presented in the statement of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,447,965 $ (152,015) $ 1,295,950 $ (1,086,061) $ 209,889 Derivative liabilities (excluding embedded derivatives) $ 297,178 $ (152,015) $ 145,163 $ 49,860 $ 95,303 (1) Represents netting of derivative exposures covered by qualifying master netting agreements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following tables summarize the valuation of assets and liabilities measured and reported at fair value by the fair value hierarchy. Investments classified as Equity Method - Other, for which the fair value option has not been elected, and Equity Method - Capital Allocation-Based Income have been excluded from the tables below. Assets, at fair value: December 31, 2021 Level I Level II Level III Total Asset Management Private Equity $ 2,044,380 $ 318,736 $ 23,322,634 $ 25,685,750 Credit — 2,122,912 5,826,661 7,949,573 Investments of Consolidated CFEs — 22,076,809 — 22,076,809 Real Assets — 1,111,219 11,389,530 12,500,749 Equity Method - Other 482,061 105,647 1,013,807 1,601,515 Other Investments 759,002 146,081 3,240,013 4,145,096 Total Investments 3,285,443 25,881,404 44,792,645 73,959,492 Foreign Exchange Contracts and Options — 590,637 — 590,637 Other Derivatives — 12 479 (1) 491 Total Assets at Fair Value - Asset Management $ 3,285,443 $ 26,472,053 $ 44,793,124 $ 74,550,620 Insurance AFS fixed maturity securities: U.S. government and agencies $ 500,325 $ 284,222 $ — $ 784,547 U.S. state, municipal and political subdivisions — 5,109,697 — 5,109,697 Corporate — 33,281,727 7,650,660 40,932,387 Structured securities — 21,215,854 828,401 22,044,255 Total AFS fixed maturity securities 500,325 59,891,500 8,479,061 68,870,886 Trading fixed maturity securities: U.S. government and agencies 371,366 252,266 — 623,632 U.S. state, municipal and political subdivisions — 879,463 — 879,463 Corporate — 8,486,922 565,025 9,051,947 Structured securities — 2,779,757 418,774 3,198,531 Total trading fixed maturity securities 371,366 12,398,408 983,799 13,753,573 Equity securities 256,196 — 32,937 289,133 Mortgage and other loan receivables (2) — — 832,674 832,674 Other investments (3) — — 1,603,345 1,603,345 Funds withheld receivable at interest — — 31,740 31,740 Reinsurance recoverable — — 1,293,791 1,293,791 Derivative assets: Equity market contracts 66,510 1,150,333 — 1,216,843 Interest rate contracts 44,472 154,186 — 198,658 Foreign currency contracts — 32,464 — 32,464 Impact of netting (4) (25,588) (126,427) — (152,015) Total derivative assets 85,394 1,210,556 — 1,295,950 Separate account assets 5,586,428 — — 5,586,428 Total Assets at Fair Value - Insurance $ 6,799,709 $ 73,500,464 $ 13,257,347 $ 93,557,520 Total Assets at Fair Value $ 10,085,152 $ 99,972,517 $ 58,050,471 $ 168,108,140 December 31, 2020 Level I Level II Level III Total Asset Management Private Equity $ 2,758,396 $ 2,476,823 $ 15,234,904 $ 20,470,123 Credit — 2,031,057 9,172,848 11,203,905 Investments of Consolidated CFEs — 17,706,976 — 17,706,976 Real Assets — 172,043 5,924,575 6,096,618 Equity Method - Other 485,988 7,254 1,014,378 1,507,620 Other Investments 434,481 88,760 2,341,981 2,865,222 Total Investments 3,678,865 22,482,913 33,688,686 59,850,464 Foreign Exchange Contracts and Options — 250,398 — 250,398 Other Derivatives 442 729 6,668 (1) 7,839 Total Assets at Fair Value - Asset Management $ 3,679,307 $ 22,734,040 $ 33,695,354 $ 60,108,701 Total Assets at Fair Value $ 3,679,307 $ 22,734,040 $ 33,695,354 $ 60,108,701 (1) Includes derivative assets that were valued using a third-party valuation firm. The approach used to estimate the fair value of these derivative assets was generally the discounted cash flow method, which includes consideration of the current portfolio, projected portfolio construction, projected portfolio realizations, portfolio volatility (based on the volatility, correlation, and size of each underlying asset class), and the discounting of future cash flows to the reporting date. (2) Includes related party balance of $27.3 million in Level III for mortgage and other loan receivables. (3) Other investments excluded from the fair value hierarchy include certain real estate and private equity funds for which fair value is measured at net asset value per share as a practical expedient. As of December 31, 2021, the fair value of these investments was $108.7 million. (4) Represents netting of derivative exposures covered by qualifying master netting agreements. Liabilities, at fair value: December 31, 2021 Level I Level II Level III Total Asset Management Securities Sold Short $ 249,383 $ — $ — $ 249,383 Foreign Exchange Contracts and Options — 319,511 — 319,511 Unfunded Revolver Commitments — — 64,276 (1) 64,276 Other Derivatives — 45,003 — 45,003 Debt Obligations of Consolidated CFEs — 21,271,084 — 21,271,084 Total Liabilities at Fair Value - Asset Management $ 249,383 $ 21,635,598 $ 64,276 $ 21,949,257 Insurance Policy liabilities $ — $ — $ 519,454 $ 519,454 Closed block policy liabilities — — 1,350,224 1,350,224 Funds withheld payable at interest — — (49,491) (49,491) Derivative instruments payable: Equity market contracts 33,933 152,821 — 186,754 Interest rate contracts 14,009 87,236 — 101,245 Foreign currency contracts — 7,639 — 7,639 Credit contracts — 1,540 — 1,540 Impact of netting (2) (25,588) (126,427) — (152,015) Total derivative instruments payable 22,354 122,809 — 145,163 Reinsurance liabilities — — — — Embedded derivative – indexed universal life products — — 557,276 557,276 Embedded derivative – annuity products — — 1,983,949 1,983,949 Total Liabilities at Fair Value - Insurance $ 22,354 $ 122,809 $ 4,361,412 $ 4,506,575 Total Liabilities at Fair Value $ 271,737 $ 21,758,407 $ 4,425,688 $ 26,455,832 December 31, 2020 Level I Level II Level III Total Asset Management Securities Sold Short $ 281,826 $ — $ — $ 281,826 Foreign Exchange Contracts and Options — 551,728 — 551,728 Unfunded Revolver Commitments — — 46,340 (1) 46,340 Other Derivatives 76,930 50,020 — 126,950 Debt Obligations of Consolidated CFEs — 17,372,740 — 17,372,740 Total Liabilities at Fair Value - Asset Management $ 358,756 $ 17,974,488 $ 46,340 $ 18,379,584 Total Liabilities at Fair Value $ 358,756 $ 17,974,488 $ 46,340 $ 18,379,584 (1) These unfunded revolver commitments are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments. (2) Represents netting of derivative exposures covered by qualifying master netting agreement. The following tables summarize changes in assets and liabilities measured and reported at fair value for which Level III inputs have been used to determine fair value for the years ended December 31, 2021 and 2020, respectively. The format of the tables has been modified to include the insurance assets and liabilities and, as such, the prior period presentation has been modified accordingly. For certain insurance disclosures, the beginning of the period represents balances as of the GA Acquisition Date. For the Year Ended December 31, 2021 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation (1) Transfers Transfers Out Net Purchases/Issuances/Sales/Settlements Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date Assets Asset Management Private Equity $ 15,234,904 $ — $ 5,034 $ (504,112) $ 2,672,278 $ 5,914,530 $ — $ 23,322,634 $ 5,610,159 $ — Credit 9,172,848 (5,461,589) 86,135 — 1,898,617 120,236 10,414 5,826,661 143,647 10,414 Real Assets 5,924,575 (208,518) 17,567 (1,914,962) 5,996,313 1,574,555 — 11,389,530 1,443,458 — Equity Method - Other 1,014,378 — — (22,601) (250,391) 272,421 — 1,013,807 222,087 — Other Investments 2,341,981 (2,879) 18,780 (115,274) 518,817 478,588 — 3,240,013 520,477 — Other Derivatives 6,668 — — — 49,978 (56,167) — 479 (56,167) — Total Assets - Asset Management 33,695,354 (5,672,986) 127,516 (2,556,949) 10,885,612 8,304,163 10,414 44,793,124 7,883,661 10,414 Insurance AFS fixed maturity securities: Corporate fixed maturity securities 3,504,578 — 111,805 (65,664) 4,112,225 — (12,284) 7,650,660 — 5,973 Structured securities 197,970 — 398,477 (4,150) 240,561 — (4,457) 828,401 — (808) Total AFS fixed maturity securities 3,702,548 — 510,282 (69,814) 4,352,786 — (16,741) 8,479,061 — 5,165 Trading fixed maturity securities: Corporate fixed maturity securities 676,650 — — — (111,516) (109) — 565,025 (1,332) — Structured securities 14,661 — 172,721 (4,150) 235,581 (39) — 418,774 940 — Total trading fixed maturity securities 691,311 — 172,721 (4,150) 124,065 (148) — 983,799 (392) — Equity securities 66,660 — — — (86,778) 53,055 — 32,937 20,292 — Mortgage and other loan receivables 928,673 — — — (98,120) 2,121 — 832,674 (1,515) — Other investments 437,275 — 5,003 — 630,457 530,610 — 1,603,345 3,666 — Funds withheld receivable at interest — — — — — 31,740 — 31,740 — — Reinsurance recoverable 1,339,702 — — — (9,864) (36,047) — 1,293,791 — — Total Assets - Insurance 7,166,169 — 688,006 (73,964) 4,912,546 581,331 (16,741) 13,257,347 22,051 5,165 Total $ 40,861,523 $ (5,672,986) $ 815,522 $ (2,630,913) $ 15,798,158 $ 8,885,494 $ (6,327) $ 58,050,471 $ 7,905,712 $ 15,579 (1) Primarily includes investments held by KREF that were deconsolidated as of December 31, 2021. See Note 2 "Summary of Significant Accounting Policies." For the Year Ended December 31, 2020 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Issuances/Sales/Settlements Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities related to Level III Assets and Liabilities still held as of the Reporting Date Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date Assets Asset Management Private Equity $ 9,871,682 $ — $ 780,833 $ (413,330) $ 2,159,106 $ 2,836,613 $ — $ 15,234,904 $ 2,537,525 $ — Credit 9,217,759 231,872 — (3,287) 370,845 (654,724) 10,383 9,172,848 (555,211) 10,383 Real Assets 3,567,944 (230,163) 197,972 (113,770) 2,612,071 (109,479) — 5,924,575 (157,245) — Equity Method - Other 1,656,045 (20,523) 136,374 (836,021) 92,841 (14,338) — 1,014,378 10,958 — Other Investments 2,154,755 — — (2,473) 435,456 (245,757) — 2,341,981 (158,516) — Other Derivatives 21,806 — — — 15,740 (30,878) — 6,668 (17,527) — Total Assets - Asset Management $ 26,489,991 $ (18,814) $ 1,115,179 $ (1,368,881) $ 5,686,059 $ 1,781,437 $ 10,383 $ 33,695,354 $ 1,659,984 $ 10,383 For the Year Ended December 31, 2021 Purchases Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 3,400,895 $ (728,617) $ — $ 2,672,278 Credit 5,840,132 (3,612,448) (329,067) 1,898,617 Real Assets 8,124,055 (2,127,742) — 5,996,313 Equity Method - Other 23,110 (273,501) — (250,391) Other Investments 921,181 (402,364) — 518,817 Other Derivatives 49,978 — — 49,978 Total Assets - Asset Management 18,359,351 (7,144,672) (329,067) 10,885,612 Insurance AFS fixed maturity securities: Corporate fixed maturity securities 7,165,017 (71,254) (2,981,538) 4,112,225 Structured securities 268,050 — (27,489) 240,561 Total AFS fixed maturity securities 7,433,067 (71,254) (3,009,027) 4,352,786 Trading fixed maturity securities: Corporate fixed maturity securities 893,521 (2,114) (1,002,923) (111,516) Structured securities 240,119 — (4,538) 235,581 Total trading fixed maturity securities 1,133,640 (2,114) (1,007,461) 124,065 Equity securities 4,077 (83,864) (6,991) (86,778) Mortgage and other loan receivables 413,335 (26,676) (484,779) (98,120) Other investments 1,164,713 (534,256) — 630,457 Reinsurance recoverable — — (9,864) (9,864) Total Assets - Insurance 10,148,832 (718,164) (4,518,122) 4,912,546 Total $ 28,508,183 $ (7,862,836) $ (4,847,189) $ 15,798,158 For the Year Ended December 31, 2020 Purchases Sales Settlements Net Purchases/Issuances/Sales/Settlements Assets Asset Management Private Equity $ 3,610,965 $ (1,451,859) $ — $ 2,159,106 Credit 3,097,652 (2,652,896) (73,911) 370,845 Real Assets 3,089,791 (477,720) — 2,612,071 Equity Method - Other 183,893 (91,052) — 92,841 Other Investments 515,964 (80,508) — 435,456 Other Derivatives 17,100 (1,360) — 15,740 Total Assets - Asset Management $ 10,515,365 $ (4,755,395) $ (73,911) $ 5,686,059 For the Year Ended December 31, 2021 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Sales/Settlements/Issuances Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Liabilities Asset Management Unfunded Revolver Commitments $ 46,340 $ — $ — $ — $ 311 $ 17,625 $ — $ 64,276 $ 17,625 Total Liabilities - Asset Management 46,340 — — — 311 17,625 — 64,276 17,625 Insurance Policy liabilities 637,729 — — — — (118,275) — 519,454 — Closed block policy liabilities 1,395,746 — — — (41,829) (4,463) 770 1,350,224 — Funds withheld payable at interest — — — — — (49,491) — (49,491) — Embedded derivative – indexed universal life products 386,746 — — — (2,702) 173,232 — 557,276 — Embedded derivative – annuity products 1,024,601 — — — 311,778 647,570 — 1,983,949 — Total Liabilities - Insurance 3,444,822 — — — 267,247 648,573 770 4,361,412 — Total $ 3,491,162 $ — $ — $ — $ 267,558 $ 666,198 $ 770 $ 4,425,688 $ 17,625 For the Year Ended December 31, 2020 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Sales/Settlements/Issuances Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Liabilities Asset Management Unfunded Revolver Commitments $ 75,842 $ — $ — $ — $ (2,464) $ (27,038) $ — $ 46,340 $ (27,038) Total Liabilities - Asset Management $ 75,842 $ — $ — $ — $ (2,464) $ (27,038) $ — $ 46,340 $ (27,038) For the Year Ended December 31, 2021 Issuances Settlements Net settlements/Issuances Liabilities Asset Management Unfunded Revolver Commitments $ 12,169 $ (11,858) $ 311 Total Liabilities - Asset Management 12,169 (11,858) 311 Insurance Closed block policy liabilities — (41,829) (41,829) Embedded derivative – indexed universal life products 15,549 (18,251) (2,702) Embedded derivative – annuity products 311,778 — 311,778 Total Liabilities - Insurance 327,327 (60,080) 267,247 Total $ 339,496 $ (71,938) $ 267,558 For the Year Ended December 31, 2020 Issuances Settlements Net settlements/Issuances Liabilities Asset Management Unfunded Revolver Commitments $ — $ (2,464) $ (2,464) Total Liabilities - Asset Management $ — $ (2,464) $ (2,464) Total realized and unrealized gains and losses recorded for Asset Management - Level III assets and liabilities are reported in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations while Insurance - Level III assets and liabilities are reported in Net Investment Gains and Policy Benefits and Claims in the accompanying consolidated statements of operations. The following table presents additional information about valuation methodologies and significant unobservable inputs used for financial assets and liabilities that are measured and reported at fair value and categorized within Level III as of December 31, 2021. Because input information includes only those items for which information is reasonably available, balances shown below may not equal total amounts reported for such Level III assets and liabilities: Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Private Equity $ 23,322,634 Private Equity $ 20,378,885 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.6% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 26.9% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 62.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 10.4% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 18.5x 9.9x - 35.6x Increase Enterprise Value/Forward EBITDA Multiple 16.5x 7.4x - 28.2x Increase Discounted cash flow Weighted Average Cost of Capital 9.3% 3.7% - 15.2% Decrease Enterprise Value/LTM EBITDA Exit Multiple 13.8x 6.0x - 18.0x Increase Growth Equity $ 2,943,749 Inputs to market comparables, discounted cash flow and milestones Illiquidity Discount 9.1% 5.0% - 20.0% Decrease Weight Ascribed to Market Comparables 41.1% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 1.9% 0.0% - 50.0% (5) Weight Ascribed to Milestones 57.0% 0.0% - 100.0% (6) Scenario Weighting Base 77.2% 70.0% - 80.0% Increase Downside 5.9% 0.0% - 10.0% Decrease Upside 16.9% 10.0% - 25.0% Increase Credit $ 5,826,661 Yield Analysis Yield 8.2% 4.5% - 30.3% Decrease Net Leverage 6.1x 0.3x - 33.6x Decrease EBITDA Multiple 13.0x 1.0x - 34.0x Increase Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Real Assets $ 11,389,530 Energy $ 865,717 Inputs to market comparables and discounted cash flow Weight Ascribed to Market Comparables 38.2% 0.0% - 50.0% (4) Weight Ascribed to Discounted Cash Flow 61.8% 50.0% - 100.0% (5) Market comparables Enterprise Value/LTM EBITDA Multiple 4.6x 4.6x - 4.6x Increase Enterprise Value/Forward EBITDA Multiple 4.8x 4.0x - 7.6x Increase Discounted cash flow Weighted Average Cost of Capital 12.6% 10.0% - 15.9% Decrease Average Price Per BOE (8) $48.70 $46.58 - $52.82 Increase Infrastructure $ 3,782,604 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 5.0% 5.0% - 5.0% Decrease Weight Ascribed to Market Comparables 1.5% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 38.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 60.2% 0.0% - 100.0% (6) Market comparables Enterprise Value/Forward EBITDA Multiple 10.7x 10.7x - 10.7x Increase Discounted cash flow Weighted Average Cost of Capital 6.4% 4.7% - 8.4% Decrease Enterprise Value/LTM EBITDA Exit Multiple 12.1x 10.0x - 12.9x Increase Real Estate $ 6,741,209 Inputs to direct income capitalization, discounted cash flow and transaction price Weight Ascribed to Direct Income Capitalization 15.4% 0.0% - 100.0% (7) Weight Ascribed to Discounted Cash Flow 69.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 15.3% 0.0% - 100.0% (6) Direct income capitalization Current Capitalization Rate 5.1% 3.8% - 7.4% Decrease Discounted cash flow Unlevered Discount Rate 6.3% 4.0% - 18.0% Decrease Equity Method - Other $ 1,013,807 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.5% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 33.8% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 26.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 39.9% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 14.1x 10.4x - 19.4x Increase Enterprise Value/Forward EBITDA Multiple 13.2x 9.0x - 19.2x Increase Discounted cash flow Weighted Average Cost of Capital 8.5% 5.8% - 15.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 10.3x 6.0x - 15.0x Increase Other Investments $ 3,240,013 (9) Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 10.3% 10.0% - 20.0% Decrease Weight Ascribed to Market Comparables 16.3% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 54.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 29.0% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 12.0x 0.8x - 29.5x Increase Enterprise Value/Forward EBITDA Multiple 9.5x 0.8x - 15.8x Increase Discounted cash flow Weighted Average Cost of Capital 13.8% 7.6% - 25.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 8.1x 5.1x - 11.0x Increase INSURANCE Corporate fixed maturity securities $ 1,751,150 Discounted cash flow Discount Spread 2.01% —% - 4.73% Decrease Structured securities $ 138,712 Discounted cash flow Discount Spread 3.01% 2.15% - 5.80% Decrease Constant Prepayment Rate 7.30% 5.00% - 15.00% Increase/Decrease Constant Default Rate 1.17% 1.00% - 2.50% Decrease Loss Severity 100% Decrease Other investments $ 1,447,957 Direct capitalization Current Capitalization Rate 5.54% 4.95% - 6.05% Decrease Vacancy rate 5.00% Decrease Discounted cash flow Yield 8.00% Decrease Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Funds withheld receivable at interest $ 31,740 Discounted cash flow Duration/Weighted Average Life 9.88 years 0.0 years - 23.2 years Increase Contractholder Persistency 6.03% 3.30% - 17.10% Increase Nonperformance Risk 0.37% - 1.10% Decrease Reinsurance recoverable $ 1,293,791 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption The average expense assumption is between $5.26 and $78.00 per policy, increased by inflation. Increase Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. Expense risk margin 9.42% Decrease Cost of capital 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 2.55% Increase Surrender Rate 5.33% Increase (1) In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. KKR has determined that market participants would take these inputs into account when valuing the investments and debt obligations. LTM means last twelve months and EBITDA means earnings before interest, taxes, depreciation and amortization. (2) Inputs were weighted based on the fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. (4) The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach and transaction price. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach and transaction price. (5) The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach, transaction price and direct income capitalization approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach, transaction price and direct income capitalization approach. (6) The directional change from an increase in the weight ascribed to the transaction price or milestones would increase the fair value of the Level III investments if the transaction price or milestones results in a higher valuation than the market comparables and discounted cash flow approach. The opposite would be true if the transaction price or milestones results in a lower valuation than the market comparables approach and discounted cash flow approach. (7) The directional change from an increase in the weight ascribed to the direct income capitalization approach would increase the fair value of the Level III investments if the direct income capitalization approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the direct income capitalization approach results in a lower valuation than the discounted cash flow approach. (8) The total energy fair value amount includes multiple investments (in multiple locations throughout North America) that are held in multiple investment funds and produce varying quantities of oil, condensate, natural gas liquids, and natural gas. Commodity price may be measured using a common volumetric equivalent where one barrel of oil equivalent ("BOE"), is determined using the ratio of six thousand cubic feet of natural gas to one barrel of oil, condensate or natural gas liquids. The price per BOE is provided to show the aggregate of all price inputs for the various investments over a common volumetric equivalent although the valuations for specific investments may use price inputs specific to the asset for purposes of our valuations. The discounted cash flows include forecasted production of liquids (oil, condensate, and natural gas liquids) and natural gas with a forecasted revenue ratio of approximately 91% liquids and 9% natural gas. (9) Consists primarily of investments in common stock, preferred stock, warrants and options of companies that are not private equity, real assets, credit, equity method - other or investments of consolidated CFEs. Level III Liabilities Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Unfunded Revolver Commitments $ 64,276 Yield Analysis Yield 5.6% 3.9% - 6.9% Decrease INSURANCE Policy liabilities $ 519,454 Present value of best estimate liability cash flows. Unobservable inputs include a market participant view of the risk margin included in the discount rate which reflects the variability of the cash flows. Risk Margin Rate 0.37% - 1.25% Decrease Policyholder behavior is also a significant unobservable input, including surrender and mortality. Surrender Rate 3.10% - 7.09% Increase Mortality Rate 3.73% - 8.34% Increase Closed block policy liabilities $ 1,350,224 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption The average expense assumption is between $5.26 and $78.00 per policy, increased by inflation. Increase Nonperformance Risk 0.37% - 1.10% Decrease Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. Expense Risk Margin 9.42% Decrease Cost of Capital 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 2.55% Increase Surrender Rate 5.33% Increase Funds withheld payable at interest $ (49,491) Discounted cash flow Duration/Weighted Average Life 9.87 years 0.0 years - 20.3 years Decrease Contractholder Persistency 6.03% 3.30% - 17.10% Decrease Nonperformance Risk 0.37% - 1.10% Decrease Embedded derivative – indexed universal life products $ 557,276 Policy persistency is a significant unobservable input. Lapse Rate 3.71% Decrease Mortality Rate 0.68% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption 3.60% Increase Nonperformance Risk 0.37% - 1.10% Decrease Level III Liabilities Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Embedded derivative – annuity products $ 1,983,949 Policyholder behavior is a significant unobservable input, including utilization and lapse. Utilization: Fixed-indexed annuity 3.69% Decrease Variable annuity 4.23% 2.30% - 33.23% Decrease Surrender Rate: Fixed-indexed annuity 10.13% Decrease Variable annuity 3.86% - 41.56% Decrease Mortality Rate: Fixed-indexed annuity 1.97% Decrease Variable annuity 1.36% - 7.44% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption: Retail RIA 1.61% Increase Fixed-indexed annuity 2.03% Increase Variable annuity n/a Nonperformance Risk 0.37% - 1.10% Decrease (1) In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. KKR has determined that market participants would take these inputs into account when valuing the investments and debt obligations. LTM means last twelve months, and EBITDA means earnings before interest, taxes, depreciation and amortization. (2) Inputs were weighted based on the fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. In the table above, certain private equity investments may be valued at cost for a period of time after an acquisition as the best indicator of fair value. In addition, certain valuations of private equity investments may be entirely or partially derived by reference to observable valuation measures for a pending or consummated transaction. The various unobservable inputs used to determine the Level III valuations may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements as noted in the table above. Financial Instruments Not Carried At Fair Value Asset management financial instruments are primarily measured at fair value on a recurring basis, except as disclosed in Note 16 "Debt Obligations." The following tables present carrying amounts and fair values of Global Atlantic’s financial instruments which are not carried at fair value as of December 31, 2021: Fair Value Hierarchy As of December 31, 2021 Carrying Value Level I Level II Level III Fair Value ($ in thousands) Financial assets: Insurance Mortgage and other loan receivables $ 28,044,085 $ — $ — $ 28,645,675 $ 28,645,675 Policy loans 765,310 — — 754,530 754,530 FHLB common stock and other investments 171,842 — — 171,842 171,842 Funds withheld receivables at interest 2,967,708 — 2,967,708 — 2,967,708 Cash and cash equivalents 3,391,934 3,391,934 — — 3,391,934 Restricted cash and cash equivalents 300,404 300,404 — — 300,404 Total financial assets $ 35,641,283 $ 3,692,338 $ 2,967,708 $ 29,572,047 $ 36,232,093 Financial liabilities: Insurance Other contractholder deposit funds $ 30,295,965 $ — $ 28,419,520 $ — $ 28,419,520 Supplementary contracts without life contingencies 31,118 — — 31,311 31,311 Funding agreements 2,566,410 — — 2,549,494 2,549,494 Funds withheld payables at interest 23,509,744 — 23,509,744 — 23,509,744 Debt obligations 1,908,006 — — 1,953,631 1,953,631 Securities sold under agreements to repurchase 300,446 — 300,446 — 300,446 Total financial liabilities $ 58,611,689 $ — $ 52,229,710 $ 4,534,436 $ 56,764,146

FAIR VALUE OPTION

FAIR VALUE OPTION	12 Months Ended
FAIR VALUE OPTION	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE OPTION	FAIR VALUE OPTION The following table summarizes the financial instruments for which the fair value option has been elected: December 31, 2021 December 31, 2020 Assets Asset Management Credit $ 2,019,229 $ 5,958,958 Investments of Consolidated CFEs 22,076,809 17,706,976 Real Assets 182,858 177,240 Equity Method - Other 1,601,515 1,507,620 Other Investments 197,675 201,563 Total Asset Management $ 26,078,086 $ 25,552,357 Insurance Mortgage and other loan receivables $ 832,674 $ — Other investments 147,811 — Reinsurance recoverable 1,293,791 — Total Insurance $ 2,274,276 $ — Total Assets $ 28,352,362 $ 25,552,357 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 21,271,084 $ 17,372,740 Total Asset Management $ 21,271,084 $ 17,372,740 Insurance Policy liabilities $ 1,869,678 $ — Total Insurance $ 1,869,678 $ — Total Liabilities $ 23,140,762 $ 17,372,740 The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected: For the Year Ended December 31, 2021 Net Realized Net Unrealized Total Assets Asset Management Credit $ 43,227 $ 19,833 $ 63,060 Investments of Consolidated CFEs 62,075 134,174 196,249 Real Assets (1,133) 16,375 15,242 Equity Method - Other 404,513 (90,867) 313,646 Other Investments 15,816 26,639 42,455 Total Asset Management $ 524,498 $ 106,154 $ 630,652 Insurance Mortgage and other loan receivables — (2,257) (2,257) Other investments — 490,607 490,607 Total Insurance $ — $ 488,350 $ 488,350 Total Assets $ 524,498 $ 594,504 $ 1,119,002 Liabilities Asset Management Debt Obligations of Consolidated CFEs 47,179 (72,376) (25,197) Total Asset Management $ 47,179 $ (72,376) $ (25,197) Insurance Policy liabilities — 122,738 122,738 Total Insurance $ — $ 122,738 $ 122,738 Total Liabilities $ 47,179 $ 50,362 $ 97,541 For the Year Ended December 31, 2020 Net Realized Net Unrealized Total Assets Asset Management Credit $ 18,672 $ (14,743) $ 3,929 Investments of Consolidated CFEs (188,506) 102,798 (85,708) Real Assets 281 (11,545) (11,264) Equity Method - Other (71,214) 331,062 259,848 Other Investments (61,001) 56,437 (4,564) Total Asset Management $ (301,768) $ 464,009 $ 162,241 Insurance Mortgage and other loan receivables — — — Other investments — — — Total Insurance — — — Total Assets $ (301,768) $ 464,009 $ 162,241 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 218 $ (99,721) $ (99,503) Total Asset Management $ 218 $ (99,721) $ (99,503) Insurance Policy liabilities $ — $ — $ — Total Insurance $ — $ — $ — Total Liabilities $ 218 $ (99,721) $ (99,503) For the Year Ended December 31, 2019 Net Realized Net Unrealized Total Assets Asset Management Private Equity $ — $ 194 $ 194 Credit (67,279) (203,666) (270,945) Investments of Consolidated CFEs (57,230) 270,268 213,038 Real Assets 737 (2,038) (1,301) Equity Method - Other 17,373 157,291 174,664 Other Investments 2,652 (24,130) (21,478) Total Asset Management $ (103,747) $ 197,919 $ 94,172 Insurance Mortgage and other loan receivables — — — Other investments — — — Total Insurance — — — Total Assets $ (103,747) $ 197,919 $ 94,172 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ (2,368) $ (362,783) $ (365,151) Total Asset Management $ (2,368) $ (362,783) $ (365,151) Insurance Policy liabilities $ — $ — $ — Total Insurance $ — $ — $ — Total Liabilities $ (2,368) $ (362,783) $ (365,151)

INSURANCE INTANGIBLES, UNEARNED

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS	NET INVESTMENT INCOME - INSURANCE Net investment income for Global Atlantic is comprised primarily of interest income, including amortization of premiums and accretion of discounts, based on yields that change due to expectations in projected cash flows, dividend income from common and preferred stock, earnings from investments accounted for under equity method accounting, and lease income on other investments. The components of net investment income were as follows: Year Ended December 31, 2021 Fixed maturity securities – interest and other income $ 2,262,326 Mortgage and other loan receivables 952,951 Investments in transportation and other leased assets 208,057 Short-term and other investment income 54,785 Policy loans 35,411 Investments in real estate 16,101 Investments in renewable energy 142,095 Equity securities – dividends and other income 1,492 Income assumed from funds withheld receivable at interest 79,989 Income ceded to funds withheld payable at interest (461,505) Gross investment income 3,291,702 Less investment expenses: Investment management and administration 272,321 Transportation and renewable energy asset depreciation and maintenance 171,306 Interest expense on derivative collateral and repurchase agreements 2,452 Net investment income $ 2,845,623 Net investment-related (losses) gains from insurance operations primarily consists of (i) realized gains and (losses) from the disposal of investments, (ii) unrealized gains and (losses) from investments held for trading, equity securities, or with fair value remeasurements recognized in earnings as a result of the election of a fair-value option, (iii) unrealized gains and (losses) on funds withheld at interest, (iv) unrealized gains and (losses) from derivatives not designated in an hedging relationship, and (v) allowances for credit losses, and other impairments of investments. Net investment-related gains (losses) were as follows: Year Ended December 31, 2021 Realized gains (losses) on equity investments $ 511,247 Realized gains (losses) on available-for-sale fixed maturity debt securities (201,411) Credit loss allowances on AFS securities 25,316 Credit loss allowances on mortgage and other loan receivables (252,979) Credit loss allowances on unfunded commitments (21,675) Unrealized gains (losses) on fixed maturity securities classified as trading (118,714) Unrealized gains (losses) on investments recognized under the fair-value option 75,176 Net gains (losses) on derivative instruments 222,745 Realized gains (losses) on funds withheld at interest, payable portfolio (30,015) Realized gains (losses) on funds withheld at interest, receivable portfolio 12,418 Other realized gains (losses) (18,355) Net investment-related gains (losses) $ 203,753 Allowance for credit losses Available-for-sale fixed maturity securities The table below presents a roll-forward of the allowance for credit losses recognized for fixed maturity securities held by Global Atlantic: Year Ended December 31, 2021 Corporate Structured Total Balance, as of beginning of period (1) $ — $ 120,895 $ 120,895 Initial impairments for credit losses recognized on securities not previously impaired 3,238 55,271 58,509 Initial credit loss allowance recognized on PCD securities — 8,072 8,072 Accretion of initial credit loss allowance on PCD securities — 2,782 2,782 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (18,300) (18,300) Net additions / reductions for securities previously impaired — (83,825) (83,825) Balance, as of end of period $ 3,238 $ 84,895 $ 88,133 (1) Includes securities designated as purchased credit impaired as of the time of the acquisition of Global Atlantic. Mortgage and other loan receivables Changes in the allowance for credit losses on mortgage and other loan receivables held by Global Atlantic are summarized below: Year Ended December 31, 2021 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period (1) $ 58,203 $ 62,056 $ — $ 120,259 Net provision 7,767 10,024 235,188 252,979 Loans purchased with credit deterioration — 799 837 1,636 Charge-offs — (797) — (797) Balance, as of end of period $ 65,970 $ 72,082 $ 236,025 $ 374,077 (1) Includes loans designated as purchased credit deteriorated as of the time of the acquisition of Global Atlantic. Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of AFS fixed maturity securities were as follows: Year Ended December 31, 2021 AFS fixed maturity securities: Proceeds from voluntary sales $ 17,946,293 Gross gains 45,532 Gross losses (187,619) The following reflects the changes to the deferred policy acquisition costs ("DAC") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 459,781 Amortized to expense during the period (1) (23,492) Adjustment for unrealized investment-related losses (gains) during the period 11,597 Balance, as of end of period $ 447,886 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the value of business acquired ("VOBA") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ 1,024,520 Amortized to expense during the period (1) (65,257) Balance, as of end of period $ 959,263 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the negative VOBA liability: Year Ended December 31, 2021 Balance, as of Acquisition Date $ 1,273,414 Amortized to expense during the period (1) (154,698) Balance, as of end of period $ 1,118,716 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. Estimated future amortization of VOBA and Negative VOBA as of December 31, 2021 is as follows: Years VOBA Negative VOBA Total, net 2022 $ 67,204 $ (129,461) $ (62,257) 2023 63,289 (113,820) (50,531) 2024 59,428 (94,981) (35,553) 2025 55,757 (79,279) (23,522) 2026 52,230 (66,473) (14,243) 2027 and thereafter 661,355 (634,702) 26,653 Total $ 959,263 $ (1,118,716) $ (159,453) The following reflects the changes to the unearned revenue reserve ("URR") and unearned front-end load ("UFEL): Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 57,649 Amortized to revenue during the period (1) (12,247) Adjustment for unrealized investment-related gains during the period (11,798) Balance, as of end of period $ 33,604 (1) These amounts are reported within policy fees in the consolidated statements of operations. Policy liabilities by product were as follows as of December 31, 2021: As of December 31, 2021 Fixed-rate annuity (1) $ 61,827,855 Fixed-indexed annuity 27,935,000 Indexed universal life 12,133,840 Other life insurance 11,840,323 Funding agreements 6,014,553 Preneed 2,897,018 Variable annuity 2,469,759 Closed blocks 1,351,601 Other 50,095 Total $ 126,520,044 (1) Policy liabilities as of December 31, 2021 include $7.6 billion assumed disability income insurance of which 97% are comprised of policies in claim payout status, generally for the lifetime of the insured, and the remaining 3% comprised of an active life reserve where the Global Atlantic has retroceded the morbidity risk, respectively. Guaranteed benefits Guaranteed minimum death benefits Certain variable annuity and fixed-indexed annuity contracts contain GMDB features that provide a guarantee that the benefit received at death will be no less than a prescribed minimum amount, even if the account balance is reduced to zero. This amount is based on either the net deposits paid into the contract, the net deposits accumulated at a specified rate, the highest historical account value on a contract anniversary, or sometimes a combination of these values. If the GMDB is higher than the current account value at the time of death, Global Atlantic pays a benefit equal to the difference. The following table shows the balance of the GMDB reserves (as well as a rider for a long-term care benefit) reported in contractholder deposit funds and other policy liabilities in the consolidated statements of financial condition. The GMDB exposure includes reinsurance assumed. Year ended December 31, 2021 Balance, as of beginning of year $ 110,243 Expense incurred 28,352 Claims paid (15,011) Reinsurance premium paid (13,267) Claims ceded to reinsurers 9,388 Balance, as of end of year $ 119,705 The reserve is calculated by estimating the present value of total expected excess benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the “benefit ratio,” multiplied by the cumulative assessments as of the reporting date, less cumulative benefit payments, plus interest. The GMDB reserve methodology varies by block. For the legacy variable annuity block, a fair value election of the entire contract was made at February 1, 2021 as part of the GA Acquisition. The fair value is calculated using 1,000 risk neutral scenarios and discounted using U.S. Treasury rates plus an adjustment for own company credit risk. For the non-legacy variable annuity block, a Gross Premium Valuation (GPV) approach is used. The GPV is based on the present value of excess GMDB claims less the present value of a portion of the GMDB rider fees. Both the excess claims and rider fees are computed over 1,000 real world scenarios, and an average across all scenarios is calculated. The following information relates to the reserving methodology and assumptions for GMDB as of December 31, 2021: • The GPV uses stochastic scenarios consistent with the American Academy of Actuaries VM21 paths. Equity volatility is also consistent with the VM21 paths, with lower volatility modelled for the volatility controlled funds (as determined by a third-party proprietary model); • The projection of equity index returns for the legacy Fair Value variable annuity blocks are determined by a third-party proprietary model. Equity volatilities are also determined by the same third-party proprietary model; • The mortality assumptions are factors of an industry standard mortality table based on company experience varying by age and gender, with 20 years of mortality improvements; and, • The partial withdrawal rate assumption varies by tax-qualified status and attained age. For the year ended December 31, 2021, total projected partial withdrawals were from 3.0% to 8.1%. The following table presents the account value, net amount at risk and average attained age of underlying variable annuity contractholders for guarantees in the event of death as of December 31, 2021. The net amount at risk is the death benefit coverage in-force or the amount that Global Atlantic would have to pay if all variable annuity contractholders had died as of the specified date, and represents the excess of the guaranteed benefit over the account value. As of December 31, 2021 ($ in thousands, except for contractholders information) Net deposits paid Account value $ 4,615,409 Net amount at risk $ 95,467 Average attained age of contractholders 69 Ratchet (highest historical account value at specified anniversary dates) Account value $ 512,683 Net amount at risk $ 15,827 Average attained age of contractholders 72 Roll-up (net deposits accumulated at a specified rate) Account value $ 11,053 Net amount at risk $ 1,801 Average attained age of contractholders 84 Higher of ratchet or roll-up Account value $ 1,694,832 Net amount at risk $ 278,424 Average attained age of contractholders 77 Total of guaranteed benefits categorized above Account value $ 6,833,977 Net amount at risk $ 391,519 Average attained age of contractholders (weighted by account value) 71 Number of contractholders 77,059 Guaranteed minimum withdrawal benefits Certain fixed-indexed and variable annuity contracts are issued with a guaranteed minimum withdrawal feature. GMWB are an optional benefit where a contractholder is entitled to withdraw up to a specified amount of their benefit base each year. The feature provides annuity policyholders with a minimum guaranteed stream of income for life, once the option is elected. The annual income amount is based on an annual withdrawal percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and is generally the initial premium, reduced by any partial withdrawals, increased by a contractually defined percentage. Benefit payments are first deducted from the contractual account value. Excess guaranteed benefits are defined as the benefits paid once the underlying account value has reached zero. The ultimate cost of these benefits will depend on the level of market returns and the level of contractual guarantees, as well as policyholder behavior, including surrenders, withdrawals and benefit utilization. For fixed-indexed annuity products, costs also include certain non-guaranteed terms that impact the ultimate cost, such as caps on crediting rates that can, at Global Atlantic’s discretion, reset annually. Reserves for the fixed indexed annuity GMWB are calculated by estimating the present value of total expected (excess) benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the "benefit ratio", and multiplying this ratio by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on reserves. The variable annuity GMWB meets the criteria for an embedded derivative, which is required to be measured at fair value. Refer to "Variable annuities with guaranteed minimum withdrawal benefits" below for more guidance on how these reserves are valued. The following table shows the balance of the GMWB reserves reported in contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets: Year ended December 31, 2021 Balance, as of beginning of year $ 872,914 Expense incurred 137,932 Balance, as of end of year $ 1,010,846 The following table presents the account value, net amount at risk and number of contractholders for annuity contracts with guaranteed withdrawal benefits as of December 31, 2021: As of December 31, 2021 ($ in thousands, except for contractholders information) Account value $ 11,057,318 Net amount at risk $ 3,655,914 Number of contractholders 80,955 Contractholder deposit funds with embedded derivatives The following table shows the balances of the account value and embedded derivatives reported in policy liabilities in the consolidated statements of financial condition: As of December 31, 2021 Account value $ 28,537,784 Embedded derivatives $ 2,541,225 The following paragraphs describe the products presented within the above table along with the underlying methodology used to calculate the embedded derivatives. Global Atlantic’s fixed-indexed annuity, indexed universal life and variable annuity products contain equity-indexed features which are considered embedded derivatives and required to be measured at fair value. The fair value of the equity-indexed embedded derivative is calculated as the present value of future projected benefits in excess of the projected guaranteed benefits, using an option budget as the indexed account value growth rate, for fixed-index annuity and indexed universal life products, and the present value of future projected benefits in excess of the future allocated assessments for variable annuity products. In addition, the fair value of the embedded derivative is reduced to reflect the risk of nonperformance on Global Atlantic’s obligation, referred to as nonperformance risk. Changes in interest rates, future index credits, nonperformance risk, projected withdrawal and surrender activity, and mortality can have a significant impact on the value of the embedded derivative. Fixed-indexed annuities Fixed-indexed annuity contracts allow the policyholder to elect a fixed interest rate return or a market indexed strategy where interest credited is based on the performance of an index, such as S&P 500 or other indices. The equity market strategy is an embedded derivative, similar to a call option. The fair value of the embedded derivative is computed as the present value of benefits attributable to the excess of the projected policy contract values over the projected minimum guaranteed contract values. The projections of policy contract values are based on assumptions for future policy growth, which include assumptions for expected index credits, future equity option costs, volatility, interest rates and policyholder behavior. The projections of minimum guaranteed contract values include the same assumptions for policyholder behavior as are used to project policy contract values. The embedded derivative cash flows are discounted using a risk free interest rate increased by a non-performance risk spread tied to Global Atlantic’s own credit rating. Indexed universal life Indexed universal life contracts allow a policyholder’s account value growth to be indexed to certain equity indices, which result in an embedded derivative similar to a call option. The embedded derivative related to the index is bifurcated from the account value and measured at fair value. The valuation of the embedded derivative is the present value of future projected benefits in excess of the projected guaranteed benefits, using the option budget as the indexed account value growth rate and the guaranteed interest rate as the guaranteed account value growth rate. Present values are based on discount rate curves determined at the valuation date/issue date as well as assumed lapse and mortality rates. The discount rate equals the forecast treasury rate plus a non-performance risk spread tied to Global Atlantic’s own credit rating. Changes in discount rates and other assumptions such as spreads and/or option budgets can have a substantial impact on the embedded derivative. Variable annuities with guaranteed minimum withdrawal benefits Global Atlantic has issued variable annuity contracts with a GMWB feature. The GMWB feature provides annuity contractholders with a guaranteed stream of payments for life, once income is activated. The annual income amount is based on a percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and may incorporate various combinations of ratchet and roll-up features. Benefit payments are first deducted from the account value. Excess guaranteed benefits are defined as all GMWB paid once the underlying account value has reached zero. The GMWB is considered an embedded derivative and measured at fair value. The fair value calculation for the embedded derivative includes the following considerations: • The reserve is based on projections run under a large number of stochastic scenarios; • All underlying scenarios are generated using risk neutral assumptions; • The mean of the projected returns is based on a risk free rate; • Volatilities are based on market implied volatilities; and, • The discount rate for this fair value calculation equals the risk free rate plus a spread consistent with Global Atlantic’s risk of non-performance on its obligations, which is referred to as its own credit risk. Universal life with no-lapse guarantee Global Atlantic has certain in-force universal life contracts which provide a secondary guarantee, or “no-lapse guarantee,” to the policyholder. The policy can remain in-force, even if the policyholder’s account value is zero, as long as contractual secondary guarantee requirements have been met. The primary risk associated with these guarantees are that the premium collected under these policies, together with the investment return earned on that premium, is ultimately insufficient to pay the policyholder’s benefits and the expenses associated with issuing and administering these policies. Global Atlantic holds an additional reserve in connection with these guarantees. The change in the reserve is included in policy benefits and claims in the consolidated statements of income. The additional reserve related to universal life products with secondary guarantees is calculated using methods similar to those described above under “Guaranteed minimum death benefits.” The costs related to these secondary guarantees are recognized over the life of the contracts through the accrual and subsequent release of a reserve which is revalued each period. The reserve is determined for any point in time equal to the accumulated value of the assessments since inception times the benefit ratio less the accumulated value of death benefits paid since inception. The benefit ratio is the present value of total expected benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract. Generally, total expected excess benefit payments are the aggregate of death claims after the policyholder account value is exhausted. The exception is when the cost of insurance charges are insufficient to produce consistently positive earnings in the future. In this case, all death benefits are deemed to be excess benefits. The reserves for universal life no-lapse guarantees were $4.6 billion as of December 31, 2021. Preneed reserves Preneed life insurance pays a death benefit that helps cover funeral costs according to a prearranged funeral agreement. A liability for preneed policyholder benefits is established in an amount determined by the account or contract balance that accrues to the benefit of the policyholder. Reserves on preneed business are based on cash surrender values of issued policies. An additional insurance liability is established as of each reporting date where the total liability is equal to the present value of projected future benefits and maintenance expenses, including discretionary death benefits to be credited to policies using current period discretionary death benefit crediting rates under current assumptions. We have the discretion to adjust these death benefit crediting rates up or down. Global Atlantic has also issued preneed insurance contracts with crediting rates tied to inflation as measured by the Consumer Price Index or other indices. For these contracts, future death benefit growth is based on the expected yield curve on the swaps hedging the reserves. These crediting rates utilize the following assumptions: • Credited interest rate: Based on the non-forfeiture rates of 3.0% to 5.5%. • Mortality: Based on Global Atlantic’s experience. • Death benefit inflation: Based on the discretionary death benefit inflation rates in effect at the current reporting date. To mitigate the risk that a policy will not keep pace with increases in funeral prices or remain competitive, Global Atlantic has the discretion to increase or decrease the death benefit. Such increases or decreases are considered on a quarterly basis and vary by plan. • Maintenance expenses: Based on Global Atlantic’s experience and expressed as a cost per paid-up policy and a cost per premium-paying policy. The earned interest rate used to calculate estimated gross profits is based on the asset yield. Closed blocks Summarized financial information of Global Atlantic’s closed blocks is as follows: As of December 31, 2021 Assets Total investments $ 2,964 Cash and cash equivalents 2,904 Accrued investment income 35 Reinsurance recoverable 1,293,791 Deferred income taxes 59,902 Total assets 1,359,596 Liabilities Future policy benefits 1,226,231 Outstanding claims 28,655 Contractholder deposit funds and other liabilities 1,074 Policyholder dividend obligation at fair value (1) 81,280 Policyholder dividends payable at fair value (1) 11,096 Total policy liabilities 1,348,336 Accrued expenses and other liabilities 10,412 Total liabilities 1,358,748 Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities $ (848) (1) Included within contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets. Year ended December 31, 2021 Revenues Premiums and other income $ 660 Net investment expense (28) Total revenues 632 Benefits and expenses Policy benefits (5,652) Other expenses 8 Total benefits and expenses (5,644) Net contribution from the closed blocks 6,276 Income tax (benefit) expense (3,026) Net income (loss) $ 9,302 Many expenses related to the closed block operations are charged to operations outside the closed blocks; accordingly, the contribution from the closed blocks does not represent the actual profitability of the closed block operations. The closed blocks of business represents policies acquired through acquisition, which were valued at fair value as of the acquisition date.

REINSURANCE

REINSURANCE	12 Months Ended
REINSURANCE	Dec. 31, 2021
Insurance [Abstract]
REINSURANCE	REINSURANCE Global Atlantic maintains a number of reinsurance treaties with third parties whereby Global Atlantic assumes fixed annuity, variable annuity, payout annuity, universal life, variable universal life and term life insurance policies on a coinsurance, modified coinsurance and funds withheld basis. Global Atlantic also maintains other reinsurance treaties including the cession of certain fixed annuity, variable annuity, payout annuity, universal life policies, individual disability income policies and discontinued accident and health insurance. The effects of all reinsurance agreements on the consolidated statement of financial condition were as follows: December 31, 2021 Policy liabilities: Direct $ 67,131,818 Assumed 59,388,226 Total policy liabilities 126,520,044 Ceded (1) (25,035,228) Net policy liabilities $ 101,484,816 (1) Reported within reinsurance recoverable within the consolidated statement of financial condition. A key credit quality indicator is a counterparty’s A.M. Best financial strength rating. A.M. Best ratings are an independent opinion of a reinsurer’s ability to meet ongoing obligations to policyholders. Global Atlantic mitigates counterparty credit risk by requiring collateral and credit enhancements in various forms including engaging in funds withheld at interest and modified coinsurance transactions. The following shows the amortized cost basis of Global Atlantic’s reinsurance recoverable and funds withheld receivable at interest by credit quality indicator and any associated credit enhancements Global Atlantic has obtained to mitigate counterparty credit risk: As of December 31, 2021 A.M. Best Rating (1) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure A++ $ 7,911 $ — $ 7,911 A+ 1,989,426 — 1,989,426 A 2,652,286 — 2,652,286 A- 5,645,633 5,166,559 479,074 B++ 33,410 — 33,410 B+ 1,122 — 1,122 B 9,227 — 9,227 B- 1,274 — 1,274 Not rated (4) 17,698,613 18,323,795 — Total $ 28,038,902 $ 23,490,354 $ 5,173,730 _________________ (1) Ratings are periodically updated (at least annually) as A.M. Best issues new ratings. (2) At amortized cost, excluding any associated embedded derivative assets and liabilities (3) Includes funds withheld payable at interest and deferred intangible reinsurance assets and liabilities. (4) Includes $17.7 billion associated with cessions to Ivy Re Limited, a Bermuda insurance company and a subsidiary of an unaffiliated investment vehicle that participates in qualifying reinsurance transactions sourced by Global Atlantic. As of December 31, 2021, Global Atlantic had $3.0 billion of funds withheld receivable at interest, with six counterparties related to modified coinsurance and funds withheld contracts. The assets supporting these receivables were held in trusts and not part of the respective counterparty’s general accounts. The effects of reinsurance on the consolidated statements of operations were as follows: Year Ended December 31, 2021 Premiums: Direct $ 107,733 Assumed (1) 4,573,925 Ceded (2,455,580) Net premiums $ 2,226,078 _________________ (1) Includes related party activity of $8.7 million for the year ended December 31, 2021. Year Ended December 31, 2021 Policy fees: Direct $ 860,170 Assumed (1) 288,870 Ceded (1,127) Net policy fees $ 1,147,913 _________________ (1) Includes related party activity of $6.2 million for the year ended December 31, 2021. Year Ended December 31, 2021 Policy benefits and claims: Direct $ 2,610,210 Assumed (1) 5,175,944 Ceded (2,730,445) Net policy benefits and claims $ 5,055,709 _________________ (1) Includes related party activity of $76.2 million for the year ended December 31, 2021. Global Atlantic holds collateral for and provides collateral to our reinsurance clients. Global Atlantic held $23.4 billion of collateral on behalf of our reinsurers as of December 31, 2021. As of December 31, 2021, reinsurers held collateral of $1.3 billion on behalf of Global Atlantic. A significant portion of the collateral that Global Atlantic provides to its reinsurance clients is provided in the form of assets held in a trust for the benefit of the counterparty. As of December 31, 2021, these trusts held in excess of the $55.2 billion of assets it is required to hold in order to support reserves of $55.8 billion. Of the cash held in trust, Global Atlantic classified $149.3 million as restricted as of December 31, 2021.

NET INCOME (LOSS) ATTRIBUTABLE

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK	NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK For the years ended December 31, 2021, 2020 and 2019, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows: For the Years Ended December 31, 2021 2020 2019 Net Income (Loss) Attributable to KKR & Co. Inc. $ 4,560,829 $ 1,945,954 $ 1,971,685 (-) Accumulated Series C Mandatory Convertible Preferred Dividend — 3,067 — Net Income (Loss) Available to KKR & Co. Inc. $ 4,560,829 $ 1,942,887 $ 1,971,685 (+) Series C Mandatory Convertible Preferred Dividend (if dilutive) 69,000 26,258 — Net Income (Loss) Available to KKR & Co. Inc. $ 4,629,829 $ 1,969,145 $ 1,971,685 Basic Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 582,258,984 562,812,883 545,096,999 Net Income (Loss) Attributable to KKR & Co. Inc. $ 7.83 $ 3.45 $ 3.62 Diluted Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 582,258,984 562,812,883 545,096,999 Incremental Common Shares: Assumed vesting of dilutive equity awards 24,011,281 9,823,514 12,590,513 Assumed conversion of Series C Mandatory Convertible Preferred Stock 26,822,600 11,048,955 — Weighted Average Shares of Common Stock Outstanding - Diluted 633,092,865 583,685,352 557,687,512 Net Income (Loss) Attributable to KKR & Co. Inc. $ 7.31 $ 3.37 $ 3.54 For the years ended December 31, 2021, 2020 and 2019, Weighted Average Shares of Common Stock Outstanding - Diluted includes the following: (i) Unvested equity awards, including certain equity awards that have met their market price-based vesting condition but have not satisfied their service-based vesting condition, which have been granted under the Equity Incentive Plans. Vesting of these equity awards dilute equityholders of KKR Group Partnership, including KKR & Co. Inc. and KKR Holdings pro rata in accordance with their respective ownership interests in KKR Group Partnership. (ii) For the years ended December 31, 2021 and 2020, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was dilutive, and as such (i) 26.8 million and 11.0 million, respectively, shares of common stock (assuming a conversion ratio based on the average volume weighted average price per share of common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately prior to December 31, 2021) were included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) $69.0 million and $26.3 million, respectively, of Series C Mandatory Convertible Preferred dividends were excluded from Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted. KKR Holdings Units For the years ended December 31, 2021, 2020 and 2019, KKR Holdings units have been excluded from the calculation of Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted since the exchange of these units would not dilute KKR & Co. Inc.'s respective ownership interests in KKR Group Partnership. For the Years Ended December 31, 2021 2020 2019 Weighted Average KKR Holdings Units 271,719,976 283,633,220 296,445,196 Market Condition Awards For the years ended December 31, 2021, 2020, and 2019, 16.9 million, 21.9 million, and 5.0 million, respectively, of unvested equity awards that are subject to market price-based and service-based vesting conditions were excluded from the calculation of Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted since the market price-based vesting condition was not satisfied. See Note 19 "Equity Based Compensation."

OTHER ASSETS AND ACCRUED EXPENS

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES	Dec. 31, 2021
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES	OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES Other Assets consist of the following: December 31, 2021 December 31, 2020 Asset Management Unsettled Investment Sales (1) $ 182,267 $ 197,635 Receivables 81,133 75,697 Due from Broker (2) 365,053 644,028 Deferred Tax Assets, net (See Note 18) 85,770 83,822 Interest Receivable 144,221 145,532 Fixed Assets, net (3) 820,143 760,606 Foreign Exchange Contracts and Options (4) 590,637 250,398 Goodwill (5) 83,500 83,500 Derivative Assets 491 7,839 Prepaid Taxes 93,296 77,041 Prepaid Expenses 29,290 26,366 Operating Lease Right of Use Assets (6) 228,363 190,758 Deferred Financing Costs 17,953 22,810 Other 164,196 99,304 Total Asset Management $ 2,886,313 $ 2,665,336 Insurance Unsettled Investment Sales (1) $ 941,427 $ — Deferred Tax Assets, net 755,876 — Derivative Assets 1,295,950 — Accrued Investment Income 817,486 — Goodwill (8) 501,496 — Intangible Assets and Deferred Sales Inducements (7) 293,824 — Operating Lease Right of Use Assets (6) 160,888 — Other 96,093 — Premiums and Other Account Receivables 86,524 — Current Income Tax Recoverable 103,954 — Total Insurance $ 5,053,518 $ — Total Other Assets $ 7,939,831 $ 2,665,336 (1) Represents amounts due from third parties for investments sold for which cash settlement has not occurred. (2) Represents amounts held at clearing brokers resulting from securities transactions. (3) Net of accumulated depreciation and amortization of $141.6 million and $151.3 million as of December 31, 2021 and December 31, 2020, respectively. Depreciation and amortization expense of $46.5 million, $18.6 million and $17.7 million for the years ended December 31, 2021, 2020 and 2019, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations. (4) Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities - Asset Management" for the net changes in fair value associated with these instruments. (5) As of December 31, 2021, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit. (6) For Asset Management, non-cancelable operating leases consist of leases for office space in North America, Europe, Asia and Australia. KKR is the lessee under the terms of the operating leases. The operating lease cost was $49.0 million and $56.4 million for the year ended December 31, 2021 and 2020, respectively. For Insurance, non-cancelable operating leases consist of leases for office space and land in the U.S. For the year ended December 31, 2021, the operating lease cost was $14.6 million. Insurance lease right-of-use assets are reported net of $22.7 million in deferred rent and lease incentives. The weighted average remaining lease term was 27.9 years as of December 31, 2021. (7) The definite life intangible assets are amortized by using the straight-line method over the useful life of the assets which is an average of 16 years. The indefinite life intangible assets are not subject to amortization. The amortization expense of definite life intangible assets was $16.2 million for the year ended December 31, 2021. (8) The amounts include approximately $4.5 million of goodwill related to an immaterial acquisition of a residential mortgage platform, which Global Atlantic acquired in October 2021 for a purchase price consideration of $4.6 million. Accrued Expenses and Other Liabilities consist of the following: December 31, 2021 December 31, 2020 Asset Management Amounts Payable to Carry Pool (1) $ 3,650,312 $ 1,916,669 Unsettled Investment Purchases (2) 1,315,163 850,714 Securities Sold Short (3) 249,383 281,826 Derivative Liabilities 45,003 126,950 Accrued Compensation and Benefits 210,789 150,883 Interest Payable 162,801 182,044 Foreign Exchange Contracts and Options (4) 319,511 551,728 Accounts Payable and Accrued Expenses 187,564 130,661 Taxes Payable 42,745 88,040 Uncertain Tax Positions 78,226 76,643 Unfunded Revolver Commitments 64,276 46,340 Operating Lease Liabilities (5) 230,995 191,564 Deferred Tax Liabilities, net (See Note 18) 900,436 199,425 Other Liabilities 439,693 464,326 Total Asset Management $ 7,896,897 $ 5,257,813 Insurance Unsettled Investment Purchases (2) $ 395,722 $ — Collateral on Derivative Instruments 1,086,061 — Accrued Expenses 747,237 — Securities Sold Under Agreements to Repurchase 300,446 — Derivative Liabilities 145,163 — Operating Lease Liabilities (5) 180,574 — Accrued Employee Related Expenses 280,668 — Tax Payable to Former Parent Company 74,423 — Interest Payable 12,930 — Accounts and Commissions Payable 26,054 — Other Tax Related Liabilities 14,288 — Total Insurance $ 3,263,566 $ — Total Accrued Expenses and Other Liabilities $ 11,160,463 $ 5,257,813 (1) Represents the amount of carried interest payable to current and former KKR employees arising from KKR's investment funds and co-investment vehicles that provide for carried interest. (2) Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred. (3) Represents the obligations of KKR to deliver a specified security at a future point in time. Such securities are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities - Asset Management" for the net changes in fair value associated with these instruments. (4) Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities- Asset Management" for the net changes in fair value associated with these instruments. (5) For Asset Management, operating leases have remaining lease terms that range from approximately 1 year to 14 years, some of which include options to extend the leases for up to 3 years. The weighted average remaining lease terms were 9.5 years and 9.8 years as of December 31, 2021 and 2020, respectively. The weighted average discount rates were 1.2% and 1.2% as of December 31, 2021 and 2020, respectively. For Insurance, operating leases for office space have remaining lease terms that range from approximately 1 year to 12 years, some of which include options to extend the leases for up to 10 years. The weighted average remaining lease terms was 7.8 years as of December 31, 2021. The weighted average discount rates was 2.9% as of December 31, 2021.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
VARIABLE INTEREST ENTITIES	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES Consolidated VIEs KKR consolidates certain VIEs in which it is determined that KKR is the primary beneficiary as described in Note 2 "Summary of Significant Accounting Policies." The consolidated VIEs are predominately CLOs and certain investment funds sponsored by KKR. The primary purpose of these VIEs is to provide strategy specific investment opportunities to earn investment gains, current income or both in exchange for management and performance income. KKR's investment strategies differ for these VIEs; however, the fundamental risks have similar characteristics, including loss of invested capital and loss of management and performance income. KKR does not provide performance guarantees and has no other financial obligation to provide funding to these consolidated VIEs, beyond amounts previously committed, if any. Furthermore, KKR consolidates certain VIEs, which are formed by Global Atlantic to hold investments, including investments in transportation, renewable energy, consumer and other loans and fixed maturity securities. Unconsolidated VIEs KKR holds variable interests in certain VIEs which are not consolidated as it has been determined that KKR is not the primary beneficiary. VIEs that are not consolidated predominantly include certain investment funds sponsored by KKR as well as certain investment partnerships where Global Atlantic retains an economic interest. KKR's investment strategies differ by investment fund; however, the fundamental risks have similar characteristics, including loss of invested capital and loss of management and performance income. KKR's maximum exposure to loss as a result of its investments in the unconsolidated investment funds is the carrying value of such investments, including KKR's capital interest and any unrealized carried interest. Accordingly, disaggregation of KKR's involvement by type of unconsolidated investment fund would not provide more useful information. For these unconsolidated investment funds in which KKR is the sponsor, KKR may have an obligation as general partner to provide commitments to such investment funds. As of December 31, 2021, KKR's commitments to these unconsolidated investment funds were $5.4 billion. KKR has not provided any financial support other than its obligated amount as of December 31, 2021. Additionally, Global Atlantic also has unfunded commitments of $25.6 million in relation to other limited partnership interests as of December 31, 2021. As of December 31, 2021 and 2020, the maximum exposure to loss, before allocations to the carry pool and noncontrolling interests, if any, for those VIEs in which KKR is determined not to be the primary beneficiary but in which it has a variable interest is as follows: December 31, 2021 December 31, 2020 Investments - Asset Management $ 11,539,945 $ 6,460,430 Due from (to) Affiliates, net 1,046,210 586,595 Maximum Exposure to Loss - Asset Management $ 12,586,155 $ 7,047,025 Other Investment in Partnership - Insurance $ 190,106 $ — Investment in Renewable Partnerships - Insurance 30,760 — Maximum Exposure to Loss- Insurance $ 220,866 $ — Total Maximum Exposure to Loss $ 12,807,021 $ 7,047,025

DEBT OBLIGATIONS

DEBT OBLIGATIONS	12 Months Ended
DEBT OBLIGATIONS	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS Asset Management Debt Obligations In Asset Management, KKR enters into credit agreements and issues debt for its general operating and investment purposes. KKR consolidates and reports debt obligations of KKR Financial Holdings LLC, a KKR subsidiary ("KFN"), which are non-recourse to KKR beyond the assets of KFN. Certain of KKR's consolidated investment funds have entered into financing arrangements with financial institutions, generally to provide liquidity to such investment funds. These financing arrangements are generally not direct obligations of the general partners of KKR's investment funds (beyond KKR's capital interest) or its management companies. Such borrowings have varying maturities and bear interest at floating rates. Borrowings are generally secured by the investment purchased with the proceeds of the borrowing and/or the uncalled capital commitment of each respective fund. When an investment vehicle borrows, the proceeds are available only for use by that investment vehicle and are not available for the benefit of other investment vehicles or KKR. Collateral within each investment vehicle is also available only against borrowings by that investment vehicle and not against the borrowings of other investment vehicles or KKR. In certain other cases, investments and other assets held directly by majority-owned consolidated investment vehicles have been funded with borrowings that are collateralized by the investments and assets they own. These borrowings are non-recourse to KKR beyond the investments or assets serving as collateral or the capital that KKR has committed to fund such investment vehicles. Such borrowings have varying maturities and generally bear interest at fixed rates. In addition, consolidated CFEs issue debt securities to third-party investors which are collateralized by assets held by the CFE. Debt securities issued by CFEs are supported solely by the assets held at the CFEs and are not collateralized by assets of any other KKR entity. CFEs also may have warehouse facilities with banks to provide liquidity to the CFE. The CFE's debt obligations are non-recourse to KKR beyond the assets of the CFE. KKR's Asset Management debt obligations consisted of the following: December 31, 2021 December 31, 2020 Financing Available Borrowing Outstanding Fair Value Financing Available Borrowing Outstanding Fair Value Revolving Credit Facilities: Corporate Credit Agreement $ 1,000,000 $ — $ — $ 1,000,000 $ — $ — KCM Credit Agreement 728,799 — — 705,014 — — KCM 364-Day Revolving Credit Agreement 750,000 — — 750,000 — — Notes Issued: (1) KKR ¥25 billion (or $217.3 million) 0.509% Notes Due 2023 (4) — 216,881 216,818 — 241,331 241,580 KKR ¥5 billion (or $43.5 million) 0.764% Notes Due 2025 (4) — 43,082 43,452 — 47,919 48,554 KKR €650 million (or $736.1 million) 1.625% Notes Due 2029 (5) — 729,048 776,926 — 790,157 870,647 KKR $750 million 3.750% Notes Due 2029 (4) — 743,333 825,540 — 742,196 874,658 KKR ¥10.3 billion (or $89.5 million) 1.595% Notes Due 2038 (4) — 88,505 92,198 — 98,640 104,004 KKR $500 million 5.500% Notes Due 2043 (6) (4) — 491,153 661,351 — 492,513 666,885 KKR $1 billion 5.125% Notes Due 2044 (6) (4) — 951,462 1,237,888 — 991,471 1,307,220 KKR $500 million 3.625% Notes Due 2050 (4) — 492,486 535,550 — 492,123 556,095 KKR $750 million 3.500% Notes Due 2050 (6) (4) — 735,905 784,650 — 735,161 830,280 KKR $750 million 3.250% Notes Due 2051 (4) — 739,481 747,900 — — — KKR $500 million 4.625% Notes Due 2061 (5) — 486,044 523,200 — — — KFN $500 million 5.500% Notes Due 2032 (2) — 495,025 487,779 — 494,540 502,992 KFN $120 million 5.200% Notes Due 2033 (2) — 118,654 115,535 — 118,533 118,300 KFN $70 million 5.400% Notes Due 2033 (2) — 68,957 68,532 — 68,866 70,267 KFN Issued Junior Subordinated Notes (3) (2) — 236,138 178,335 — 234,808 165,627 2,478,799 6,636,154 7,295,654 2,455,014 5,548,258 6,357,109 Other Debt Obligations (6) 4,941,755 30,033,601 30,033,601 5,621,883 27,875,338 27,889,438 $ 7,420,554 $ 36,669,755 $ 37,329,255 $ 8,076,897 $ 33,423,596 $ 34,246,547 (1) Borrowing outstanding includes: (i) unamortized note discount (net of premium), as applicable and (ii) unamortized debt issuance costs, as applicable. Financing costs related to the issuance of the notes have been deducted from the note liability and are being amortized over the life of the notes. December 31, 2021 December 31, 2020 KKR Issued 0.509% Notes Due 2023 $ 369 $ 669 KKR Issued 0.764% Notes Due 2025 368 481 KKR Issued 1.625% Notes Due 2029 4,526 5,138 KKR Issued 3.750% Notes Due 2029 4,820 5,710 KKR Issued 1.595% Notes Due 2038 1,002 1,064 KKR Issued 5.500% Notes Due 2043 3,127 3,276 KKR Issued 5.125% Notes Due 2044 7,051 7,367 KKR Issued 3.625% Notes Due 2050 5,046 5,321 KKR Issued 3.500% Notes Due 2050 7,487 8,167 KKR Issued 3.250% Notes Due 2051 8,094 — KKR Issued 4.625% Notes Due 2061 13,956 — KFN Issued 5.500% Notes Due 2032 3,378 3,707 KFN Issued 5.200% Notes Due 2033 1,347 1,467 KFN Issued 5.400% Notes Due 2033 1,043 1,134 $ 61,614 $ 43,501 (2) These debt obligations are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments. (3) KKR consolidates KFN and reports KFN's outstanding $258.5 million aggregate principal amount of junior subordinated notes. The weighted average interest rate is 2.6% and 2.7% and the weighted average years to maturity is 14.8 years and 15.8 years as of December 31, 2021 and December 31, 2020, respectively. (4) The notes are classified as Level II within the fair value hierarchy and fair value is determined by third party broker quotes. (5) The notes are classified as Level I within the fair value hierarchy and fair value is determined by quoted prices in active markets since the debt is publicly listed. (6) As of December 31, 2021, the borrowing outstanding reflects the elimination for the portion of these debt obligations that are held by Global Atlantic. Asset Management Revolving Credit Facilities Corporate Credit Agreement On August 4, 2021, KKR Group Partnership and Kohlberg Kravis Roberts & Co. L.P. (the "Borrowers") amended and restated their Amended and Restated Credit Agreement, dated as of December 7, 2018 (the “Prior Corporate Credit Agreement”), by and among the Borrowers, the guarantors from time to time party thereto, the lending institutions from time to time party thereto, and HSBC Bank USA, National Association, as administrative agent with the Second Amended and Restated Credit Agreement (the “New Corporate Credit Agreement”), by and among the Borrowers, the guarantors from time to time party thereto, the lending institutions from time to time party thereto, and HSBC Bank USA, National Association, as administrative agent, which (1) provides for up to $1.0 billion of revolving borrowings (with the option to request an increase of up to an additional $500 million), (2) has a maturity of August 2026, (3) contains customary events of default, representations and warranties and covenants that are substantially similar to those that were in the Prior Corporate Credit Agreement and (4) includes updated financial covenants based on the total indebtedness to fee and yield EBITDA and fee paying assets under management covenants. Interest on any funded balances accrues at LIBOR plus a spread ranging from 0.565% to 1.10% based on corporate credit ratings. The Borrowers must pay a facility fee on the total commitments ranging from 0.06% to 0.15% based on corporate credit ratings. KCM Short-Term Credit Agreement On April 9, 2021, KKR Capital Markets Holdings L.P. and certain other capital markets subsidiaries (the "KCM Borrowers") entered into a 364-day revolving credit agreement (the "KCM Short-Term Credit Agreement”) with the same administrative agent, and one or more lenders party to the KCM Credit Agreement. The KCM Short-Term Credit Agreement replaces the prior 364-day revolving credit agreement, dated as of April 10, 2020, between the KCM Borrowers and the administrative agent, and one or more lenders party to the KCM Short-Term Agreement, which was terminated according to its terms on April 9, 2021. The KCM Short-Term Credit Agreement provides for revolving borrowings up to $750 million, expires on April 8, 2022, and ranks pari passu with the KCM Credit Agreement. If a borrowing is made under the KCM Short-Term Credit Agreement, the interest rate will vary depending on the type of drawdown requested. If the borrowing is a Eurocurrency loan, it will be based on a LIBOR rate plus an applicable margin initially ranging between 1.50% and 2.75%, depending on the duration of the loan. If the borrowing is an ABR loan, it will be based on the prime rate plus an applicable margin ranging between 0.50% and 1.75%, depending on the amount and nature of the loan. Borrowings under the KCM Short-Term Credit Agreement may only be used to facilitate the settlement of debt transactions syndicated by KKR's capital markets business. Obligations under the KCM Short-Term Credit Agreement are limited to the KCM Borrowers, which are solely entities involved in KKR's capital markets business, and liabilities under the KCM Short-Term Credit Agreement are non-recourse to other parts of KKR. The KCM Short-Term Credit Agreement contains customary representations and warranties, events of default, and affirmative and negative covenants, including a financial covenant providing for a maximum debt to equity ratio for the KCM Borrowers. The KCM Borrowers' obligations under the KCM Short-Term Credit Agreement are secured by certain assets of the KCM Borrowers, including a pledge of equity interests of certain subsidiaries of the KCM Borrowers. Asset Management Notes Issuance and Redemptions KKR Issued 4.625% Subordinated Notes Due 2061 On March 31, 2021, KKR Group Finance Co. IX LLC, an indirect subsidiary of KKR & Co. Inc., issued $500 million aggregate principal amount of its 4.625% Subordinated Notes due 2061 (the "KKR 2061 Subordinated Notes"). The KKR 2061 Subordinated Notes are guaranteed by KKR & Co. Inc. and KKR Group Partnership. The KKR 2061 Subordinated Notes bear interest at a rate of 4.625% per annum and will mature on April 1, 2061, unless earlier redeemed. Interest on the KKR 2061 Subordinated Notes accrues from March 31, 2021 and is payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on July 1, 2021 and ending on the applicable maturity date. The KKR 2061 Subordinated Notes are unsecured and subordinated obligations of the issuer. The KKR 2061 Subordinated Notes are fully and unconditionally guaranteed, jointly and severally, on a subordinated basis, by each of the guarantors. The guarantees are unsecured obligations of the guarantors. The indenture includes covenants, including limitations on the issuer’s and the guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or convey all or substantially all of their assets. The indenture also provides for events of default and further provides that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding KKR 2061 Subordinated Notes may declare the KKR 2061 Subordinated Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the KKR 2061 Subordinated Notes and any accrued and unpaid interest on the KKR 2061 Subordinated Notes automatically become due and payable. On or after April 1, 2026, the issuer may redeem the KKR 2061 Subordinated Notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the KKR 2061 Subordinated Notes to be redeemed, together with accrued and unpaid interest to, but excluding, the date of redemption, provided that if the KKR 2061 Subordinated Notes are not redeemed in whole, at least $25 million aggregate principal amount of the KKR 2061 Subordinated Notes must remain outstanding after giving effect to such redemption. If a “tax redemption event” occurs, the KKR 2061 Subordinated Notes may be redeemed, in whole, but not in part, within 120 days of the occurrence of such tax redemption event at a redemption price equal to their principal amount plus accrued and unpaid interest to, but excluding, the date of redemption. In addition, the KKR 2061 Subordinated Notes may be redeemed, in whole, but not in part, at any time prior to April 1, 2026, within 90 days of the occurrence of a “rating agency event”, at a redemption price equal to 102% of their principal amount plus any accrued and unpaid interest to, but excluding, the date of redemption. KKR Issued 3.250% Senior Notes Due 2051 On December 8, 2021, KKR Group Finance Co. X LLC, an indirect subsidiary of KKR & Co. Inc., issued $750 million aggregate principal amount of its 3.250% Senior Notes due 2051 (the "KKR 2051 Senior Notes"). The KKR 2051 Senior Notes are guaranteed by KKR & Co. Inc. and KKR Group Partnership. The KKR 2051 Senior Notes bear interest at a rate of 3.250% per annum and will mature on December 15, 2051 unless earlier redeemed. Interest on the KKR 2051 Senior Notes accrues from December 8, 2021 and is payable semi-annually in arrears on June 15 and December 15 of each year, commencing on June 15, 2022 and ending on the maturity date. The KKR 2051 Senior Notes are unsecured and unsubordinated obligations of the issuer. The KKR 2051 Senior Notes are fully and unconditionally guaranteed, jointly and severally, by each of the guarantors. The guarantees are unsecured and unsubordinated obligations of the guarantors. The indenture includes covenants, including limitations on the issuer’s and the guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or convey all or substantially all of their assets. The indenture also provides for events of default and further provides that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding KKR 2051 Senior Notes may declare the KKR 2051 Senior Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the KKR 2051 Senior Notes and any accrued and unpaid interest on the KKR 2051 Senior Notes automatically become due and payable. Prior to June 15, 2051 (six months prior to the maturity date of the KKR 2051 Senior Notes), all or a portion of the KKR 2051 Senior Notes may be redeemed at the issuer’s option in whole or in part, at any time and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the KKR 2051 Senior Notes. On or after June 15, 2051 (six months prior to the maturity date of the KKR 2051 Senior Notes), the KKR 2051 Senior Notes may be redeemed at the issuer’s option in whole or in part, at any time and from time to time, at par plus any accrued and unpaid interest on the KKR 2051 Senior Notes redeemed to, but not including, the date of redemption. If a change of control repurchase event occurs, the KKR 2051 Senior Notes are subject to repurchase by the issuer at a repurchase price in cash equal to 101% of the aggregate principal amount of the KKR 2051 Senior Notes repurchased plus any accrued and unpaid interest on the KKR 2051 Senior Notes repurchased to, but not including, the date of repurchase. Other Asset Management Debt Obligations As of December 31, 2021, other debt obligations consisted of the following: Financing Available Borrowing Fair Value Weighted Weighted Average Remaining Maturity in Years Financing Facilities of Consolidated Funds and Other (1) $ 4,941,755 $ 8,762,517 $ 8,762,517 3.1% 4.0 Debt Obligations of Consolidated CLOs — 21,271,084 21,271,084 (2) 10.6 $ 4,941,755 $ 30,033,601 $ 30,033,601 (1) Includes borrowings collateralized by fund investments, fund co-investments and other assets held by levered investment vehicles of $1.9 billion. (2) The senior notes of the consolidated CLOs had a weighted average interest rate of 1.8%. The subordinated notes of the consolidated CLOs do not have contractual interest rates but instead receive a pro rata amount of the net distributions from the excess cash flows of the respective CLO vehicle. Accordingly, weighted average borrowing rates for the subordinated notes are based on cash distributions during the period, if any. Debt obligations of consolidated CLOs are collateralized by assets held by each respective CLO vehicle and assets of one CLO vehicle may not be used to satisfy the liabilities of another. As of December 31, 2021, the fair value of the consolidated CLO assets was $23.5 billion. This collateral consisted of Cash and Cash Equivalents Held at Consolidated Entities, Investments, and Other Assets. Insurance Debt Obligations Global Atlantic's debt obligations consisted of the following: December 31, 2021 Financing Available Borrowing Outstanding Fair Value (2) Revolving Credit Facilities: Global Atlantic revolving credit facility, due August 2026 $ 1,000,000 $ — $ — Notes Issued and Others: Global Atlantic senior notes, due October 2029 500,000 539,350 Global Atlantic senior notes, due June 2031 650,000 644,800 Global Atlantic subordinated debentures, due October 2051 750,000 761,475 1,900,000 $ 1,945,625 Purchase accounting adjustments (1) 51,050 Debt issuance costs, net of accumulated amortization (18,675) Fair value loss (gain) of hedged debt obligations, recognized in earnings (24,369) $ 1,908,006 (1) The amortization of the purchase accounting adjustments was $4.9 million for the year ended December 31, 2021. (2) These debt obligations are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments. Global Atlantic Credit Agreement Global Atlantic (Fin) Company ("GA FinCo") and Global Atlantic Financial Limited ("GAFL") are both wholly-owned indirect subsidiaries of TGAFG, the holding company for the Global Atlantic business. On August 4, 2021, GA FinCo, as borrower, and GAFL, as guarantor, entered into a Credit Agreement (the "GA Credit Agreement") with Wells Fargo Bank, N.A., as administrative agent, and other lenders thereto. The GA Credit Agreement provides for up to $1.0 billion of revolving borrowings (with the option to request an increase of up to an additional $250 million), including up to $500 million of letters of credit, and has a maturity of August 2026. Interest on any funded balances accrues at LIBOR plus a spread ranging from 1.125% to 2.00% based on GAFL's long-term issuer credit ratings. The borrower must pay a commitment fee on any unfunded committed balance under the GA Credit Agreement ranging from 0.125% to 0.325% based on the long-term issuer credit rating. The commitment fee on unfunded balances is paid quarterly in arrears. The GA Credit Agreement contains customary events of default, representations and warranties and covenants, including, among other things, covenants that GAFL’s consolidated debt to total capitalization, as defined in the GA Credit Agreement, cannot be more than 35% and that GAFL’s consolidated net worth determined in accordance with GAAP cannot be less than 70% of the value of GAFL’s consolidated net worth as of June 30, 2021, plus 50% of net income since June 30, 2021. If an event of default occurs, the lenders under the GA Credit Agreement will be entitled to take various actions, including the termination of their commitments and the acceleration of amounts due thereunder. On June 18, 2021, GA FinCo repaid approximately $420 million outstanding indebtedness under the GA Credit Agreement along with accrued and unpaid interest, from the proceeds from the GA 2031 Senior Notes (as discussed below). As of December 31, 2021, there were no revolving borrowings outstanding, and no letters of credit outstanding under the GA Credit Agreement. The GA Credit Agreement replaced Global Atlantic’s prior revolving credit facility, which was terminated in August 2021. The prior revolving credit facility had been amended and restated in May 2018 to, among other things upsize the facility size from $650 million to $1 billion and extend its maturity to May 2023. In November 2020, the prior revolving credit facility had been amended to permit the GA Acquisition. It otherwise had contained customary events of default, representations and warranties and covenants that are substantially similar to those that were in GA Credit Agreement, including the consolidated debt to capitalization and net worth covenants. Global Atlantic Senior Notes due 2029 On October 7, 2019, GA FinCo issued $500 million aggregate principal amount of 4.400% senior unsecured notes due 2029 ("GA 2029 Senior Notes"). The GA 2029 Senior Notes were issued pursuant to an Indenture, dated as of October 7, 2019, among GA FinCo, as issuer, GAFL, as guarantor, and U.S. Bank National Association, as trustee as supplemented by the First Supplemental Indenture, dated as of October 7, 2019, among GA FinCo, GAFL and the trustee. The GA 2029 Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by GAFL. The GA 2029 Senior Notes bear interest at a rate of 4.400% per year. Interest on the GA 2029 Senior Notes is payable semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2020. The GA 2029 Senior Notes will mature on October 15, 2029. The indenture includes covenants, including limitations on the issuer’s and the guarantors’ ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or convey all or substantially all of their assets. The indenture also provides for events of default and further provides that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding GA 2029 Senior Notes may declare the GA 2029 Senior Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, rehabilitation or reorganization, the principal amount of the GA 2029 Senior Notes and any accrued and unpaid interest on the GA 2029 Senior Notes automatically become due and payable. GA FinCo may, at its option, redeem some or all of the GA 2029 Senior Notes at any time: (i) prior to July 15, 2029 at a redemption price equal to 100% of the principal amount of the GA 2029 Senior Notes to be redeemed plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption; and (ii) on or after July 15, 2029 at a redemption price equal to 100% of the principal amount of the GA 2029 Senior Notes to be redeemed, plus accrued and unpaid interest to the date of redemption. Global Atlantic Senior Notes due 2031 On June 17, 2021, GA FinCo issued $650 million aggregate principal amount of 3.125% senior unsecured notes due 2031 (the “GA 2031 Senior Notes”). The GA 2031 Senior Notes were issued pursuant to an indenture, dated as of June 17, 2021, among GA FinCo, as issuer, GAFL, as guarantor, and U.S. Bank National Association, as trustee, and supplemented by the Second Supplemental Indenture, dated as of June 17, 2021, among GA FinCo, GAFL and the trustee. The GA 2031 Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by GAFL. The GA 2031 Senior Notes bear interest at a rate of 3.125% per year. Interest on the GA 2031 Senior Notes is payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 17, 2021. The GA 2031 Senior Notes will mature on June 15, 2031. GA FinCo may, at its option, redeem some or all of the GA 2031 Senior Notes at any time: (i) prior to March 15, 2031 at a redemption price equal to 100% of the principal amount of the GA 2031 Senior Notes to be redeemed plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption; and (ii) on or after March 15, 2031 at a redemption price equal to 100% of the principal amount of the GA 2031 Senior Notes to be redeemed, plus accrued and unpaid interest to the date of redemption. Global Atlantic Subordinated Debentures due 2051 On July 6, 2021, GA FinCo issued $750 million of 4.70% fixed-to-fixed rate subordinated debentures maturing on October 15, 2051 (the “GA 2051 Subordinated Debentures.”) The GA 2051 subordinated debentures were issued pursuant to the Subordinated Indenture, dated as of July 6, 2021 among GA FinCo, as issuer, GAFL, as guarantor, and U.S. Bank National Association, as trustee, as supplemented by the First Supplemental Indenture thereto, dated as of July 6, 2021. The GA 2051 subordinated debentures will bear interest (i) from, and including, July 6, 2021 to, but not including, the initial interest reset date of October 15, 2026 at an annual rate of 4.70% and (ii) from and including October 15, 2026, during each interest reset period, at an annual rate equal to the five-year Treasury rate as of the most recent reset interest determination date, plus 3.796%. Interest on the subordinated debentures is payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2021, and on the maturity date. GA FinCo has the right on one or more occasions to defer the payment of interest on the GA 2051 subordinated debentures for up to five If GA FinCo has exercised its right to defer interest payments on the GA 2051 subordinated debentures, GA FinCo and GAFL generally may not (1) make payments on or redeem or purchase (A) GA FinCo or GAFL common stock, or (B) with respect to GA FinCo, any indebtedness ranking on parity with or junior to the GA 2051 subordinated debentures, and with respect to GAFL, any indebtedness ranking on parity with or junior to the guarantee or (2) make any guarantee payments with respect to any guarantee by GA FinCo or GAFL of any securities or any of their respective subsidiaries if such guarantee ranks equally with or junior to the debentures. GA FinCo may elect to redeem the GA 2051 subordinated debentures either (1) in whole at any time or in part from time to time during the three-month period prior to, and including, October 15, 2026, or the three month period prior to, and including, each subsequent interest reset date, in each case at 100% of the principal amount of the subordinated debentures being redeemed, plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the redemption date; (2) in whole, but not in part, at any time within 90 days after the occurrence of a tax event at 100% of the principal amount of the subordinated debentures being redeemed, plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the redemption date; (3) in whole, but not in part, at any time within 90 days after the occurrence of a rating agency event at 102% of the principal amount of the subordinated debentures being redeemed, plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the redemption date; or (4) in whole, but not in part, at any time within 90 days after the occurrence of a regulatory capital event at 100% of the principal amount of the subordinated debentures being redeemed, plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the redemption date. Debt Covenants Borrowings of KKR (including Global Atlantic) contain various debt covenants. These covenants do not, in management's opinion, materially restrict KKR's operating business or investment strategies as of December 31, 2021. KKR (including Global Atlantic) was in compliance with such debt covenants in all material respects as of December 31, 2021. Scheduled principal payments for Asset Management debt obligations at December 31, 2021 are as follows: Revolving Credit Facilities Notes Issued Other Debt Obligations Total 2022 — — 4,390,820 4,390,820 2023 — 217,250 660,521 877,771 2024 — — 58,400 58,400 2025 — 43,450 196,169 239,619 2026 — — 152,767 152,767 Thereafter — 6,524,084 24,671,011 31,195,095 $ — $ 6,784,784 $ 30,129,688 $ 36,914,472 Scheduled principal payments for Insurance debt obligations at December 31, 2021 are as follows: Revolving Credit Facilities Notes Issued Other Debt Obligations Total 2022 $ — $ — $ — $ — 2023 — — — — 2024 — — — — 2025 — — — — 2026 — — — — Thereafter — 1,900,000 — 1,900,000 $ — $ 1,900,000 $ — $ 1,900,000

POLICY LIABILITIES

POLICY LIABILITIES	12 Months Ended
POLICY LIABILITIES	Dec. 31, 2021
Insurance [Abstract]
POLICY LIABILITIES	NET INVESTMENT INCOME - INSURANCE Net investment income for Global Atlantic is comprised primarily of interest income, including amortization of premiums and accretion of discounts, based on yields that change due to expectations in projected cash flows, dividend income from common and preferred stock, earnings from investments accounted for under equity method accounting, and lease income on other investments. The components of net investment income were as follows: Year Ended December 31, 2021 Fixed maturity securities – interest and other income $ 2,262,326 Mortgage and other loan receivables 952,951 Investments in transportation and other leased assets 208,057 Short-term and other investment income 54,785 Policy loans 35,411 Investments in real estate 16,101 Investments in renewable energy 142,095 Equity securities – dividends and other income 1,492 Income assumed from funds withheld receivable at interest 79,989 Income ceded to funds withheld payable at interest (461,505) Gross investment income 3,291,702 Less investment expenses: Investment management and administration 272,321 Transportation and renewable energy asset depreciation and maintenance 171,306 Interest expense on derivative collateral and repurchase agreements 2,452 Net investment income $ 2,845,623 Net investment-related (losses) gains from insurance operations primarily consists of (i) realized gains and (losses) from the disposal of investments, (ii) unrealized gains and (losses) from investments held for trading, equity securities, or with fair value remeasurements recognized in earnings as a result of the election of a fair-value option, (iii) unrealized gains and (losses) on funds withheld at interest, (iv) unrealized gains and (losses) from derivatives not designated in an hedging relationship, and (v) allowances for credit losses, and other impairments of investments. Net investment-related gains (losses) were as follows: Year Ended December 31, 2021 Realized gains (losses) on equity investments $ 511,247 Realized gains (losses) on available-for-sale fixed maturity debt securities (201,411) Credit loss allowances on AFS securities 25,316 Credit loss allowances on mortgage and other loan receivables (252,979) Credit loss allowances on unfunded commitments (21,675) Unrealized gains (losses) on fixed maturity securities classified as trading (118,714) Unrealized gains (losses) on investments recognized under the fair-value option 75,176 Net gains (losses) on derivative instruments 222,745 Realized gains (losses) on funds withheld at interest, payable portfolio (30,015) Realized gains (losses) on funds withheld at interest, receivable portfolio 12,418 Other realized gains (losses) (18,355) Net investment-related gains (losses) $ 203,753 Allowance for credit losses Available-for-sale fixed maturity securities The table below presents a roll-forward of the allowance for credit losses recognized for fixed maturity securities held by Global Atlantic: Year Ended December 31, 2021 Corporate Structured Total Balance, as of beginning of period (1) $ — $ 120,895 $ 120,895 Initial impairments for credit losses recognized on securities not previously impaired 3,238 55,271 58,509 Initial credit loss allowance recognized on PCD securities — 8,072 8,072 Accretion of initial credit loss allowance on PCD securities — 2,782 2,782 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (18,300) (18,300) Net additions / reductions for securities previously impaired — (83,825) (83,825) Balance, as of end of period $ 3,238 $ 84,895 $ 88,133 (1) Includes securities designated as purchased credit impaired as of the time of the acquisition of Global Atlantic. Mortgage and other loan receivables Changes in the allowance for credit losses on mortgage and other loan receivables held by Global Atlantic are summarized below: Year Ended December 31, 2021 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period (1) $ 58,203 $ 62,056 $ — $ 120,259 Net provision 7,767 10,024 235,188 252,979 Loans purchased with credit deterioration — 799 837 1,636 Charge-offs — (797) — (797) Balance, as of end of period $ 65,970 $ 72,082 $ 236,025 $ 374,077 (1) Includes loans designated as purchased credit deteriorated as of the time of the acquisition of Global Atlantic. Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of AFS fixed maturity securities were as follows: Year Ended December 31, 2021 AFS fixed maturity securities: Proceeds from voluntary sales $ 17,946,293 Gross gains 45,532 Gross losses (187,619) The following reflects the changes to the deferred policy acquisition costs ("DAC") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 459,781 Amortized to expense during the period (1) (23,492) Adjustment for unrealized investment-related losses (gains) during the period 11,597 Balance, as of end of period $ 447,886 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the value of business acquired ("VOBA") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ 1,024,520 Amortized to expense during the period (1) (65,257) Balance, as of end of period $ 959,263 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. The following reflects the changes to the negative VOBA liability: Year Ended December 31, 2021 Balance, as of Acquisition Date $ 1,273,414 Amortized to expense during the period (1) (154,698) Balance, as of end of period $ 1,118,716 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations. Estimated future amortization of VOBA and Negative VOBA as of December 31, 2021 is as follows: Years VOBA Negative VOBA Total, net 2022 $ 67,204 $ (129,461) $ (62,257) 2023 63,289 (113,820) (50,531) 2024 59,428 (94,981) (35,553) 2025 55,757 (79,279) (23,522) 2026 52,230 (66,473) (14,243) 2027 and thereafter 661,355 (634,702) 26,653 Total $ 959,263 $ (1,118,716) $ (159,453) The following reflects the changes to the unearned revenue reserve ("URR") and unearned front-end load ("UFEL): Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 57,649 Amortized to revenue during the period (1) (12,247) Adjustment for unrealized investment-related gains during the period (11,798) Balance, as of end of period $ 33,604 (1) These amounts are reported within policy fees in the consolidated statements of operations. Policy liabilities by product were as follows as of December 31, 2021: As of December 31, 2021 Fixed-rate annuity (1) $ 61,827,855 Fixed-indexed annuity 27,935,000 Indexed universal life 12,133,840 Other life insurance 11,840,323 Funding agreements 6,014,553 Preneed 2,897,018 Variable annuity 2,469,759 Closed blocks 1,351,601 Other 50,095 Total $ 126,520,044 (1) Policy liabilities as of December 31, 2021 include $7.6 billion assumed disability income insurance of which 97% are comprised of policies in claim payout status, generally for the lifetime of the insured, and the remaining 3% comprised of an active life reserve where the Global Atlantic has retroceded the morbidity risk, respectively. Guaranteed benefits Guaranteed minimum death benefits Certain variable annuity and fixed-indexed annuity contracts contain GMDB features that provide a guarantee that the benefit received at death will be no less than a prescribed minimum amount, even if the account balance is reduced to zero. This amount is based on either the net deposits paid into the contract, the net deposits accumulated at a specified rate, the highest historical account value on a contract anniversary, or sometimes a combination of these values. If the GMDB is higher than the current account value at the time of death, Global Atlantic pays a benefit equal to the difference. The following table shows the balance of the GMDB reserves (as well as a rider for a long-term care benefit) reported in contractholder deposit funds and other policy liabilities in the consolidated statements of financial condition. The GMDB exposure includes reinsurance assumed. Year ended December 31, 2021 Balance, as of beginning of year $ 110,243 Expense incurred 28,352 Claims paid (15,011) Reinsurance premium paid (13,267) Claims ceded to reinsurers 9,388 Balance, as of end of year $ 119,705 The reserve is calculated by estimating the present value of total expected excess benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the “benefit ratio,” multiplied by the cumulative assessments as of the reporting date, less cumulative benefit payments, plus interest. The GMDB reserve methodology varies by block. For the legacy variable annuity block, a fair value election of the entire contract was made at February 1, 2021 as part of the GA Acquisition. The fair value is calculated using 1,000 risk neutral scenarios and discounted using U.S. Treasury rates plus an adjustment for own company credit risk. For the non-legacy variable annuity block, a Gross Premium Valuation (GPV) approach is used. The GPV is based on the present value of excess GMDB claims less the present value of a portion of the GMDB rider fees. Both the excess claims and rider fees are computed over 1,000 real world scenarios, and an average across all scenarios is calculated. The following information relates to the reserving methodology and assumptions for GMDB as of December 31, 2021: • The GPV uses stochastic scenarios consistent with the American Academy of Actuaries VM21 paths. Equity volatility is also consistent with the VM21 paths, with lower volatility modelled for the volatility controlled funds (as determined by a third-party proprietary model); • The projection of equity index returns for the legacy Fair Value variable annuity blocks are determined by a third-party proprietary model. Equity volatilities are also determined by the same third-party proprietary model; • The mortality assumptions are factors of an industry standard mortality table based on company experience varying by age and gender, with 20 years of mortality improvements; and, • The partial withdrawal rate assumption varies by tax-qualified status and attained age. For the year ended December 31, 2021, total projected partial withdrawals were from 3.0% to 8.1%. The following table presents the account value, net amount at risk and average attained age of underlying variable annuity contractholders for guarantees in the event of death as of December 31, 2021. The net amount at risk is the death benefit coverage in-force or the amount that Global Atlantic would have to pay if all variable annuity contractholders had died as of the specified date, and represents the excess of the guaranteed benefit over the account value. As of December 31, 2021 ($ in thousands, except for contractholders information) Net deposits paid Account value $ 4,615,409 Net amount at risk $ 95,467 Average attained age of contractholders 69 Ratchet (highest historical account value at specified anniversary dates) Account value $ 512,683 Net amount at risk $ 15,827 Average attained age of contractholders 72 Roll-up (net deposits accumulated at a specified rate) Account value $ 11,053 Net amount at risk $ 1,801 Average attained age of contractholders 84 Higher of ratchet or roll-up Account value $ 1,694,832 Net amount at risk $ 278,424 Average attained age of contractholders 77 Total of guaranteed benefits categorized above Account value $ 6,833,977 Net amount at risk $ 391,519 Average attained age of contractholders (weighted by account value) 71 Number of contractholders 77,059 Guaranteed minimum withdrawal benefits Certain fixed-indexed and variable annuity contracts are issued with a guaranteed minimum withdrawal feature. GMWB are an optional benefit where a contractholder is entitled to withdraw up to a specified amount of their benefit base each year. The feature provides annuity policyholders with a minimum guaranteed stream of income for life, once the option is elected. The annual income amount is based on an annual withdrawal percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and is generally the initial premium, reduced by any partial withdrawals, increased by a contractually defined percentage. Benefit payments are first deducted from the contractual account value. Excess guaranteed benefits are defined as the benefits paid once the underlying account value has reached zero. The ultimate cost of these benefits will depend on the level of market returns and the level of contractual guarantees, as well as policyholder behavior, including surrenders, withdrawals and benefit utilization. For fixed-indexed annuity products, costs also include certain non-guaranteed terms that impact the ultimate cost, such as caps on crediting rates that can, at Global Atlantic’s discretion, reset annually. Reserves for the fixed indexed annuity GMWB are calculated by estimating the present value of total expected (excess) benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the "benefit ratio", and multiplying this ratio by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on reserves. The variable annuity GMWB meets the criteria for an embedded derivative, which is required to be measured at fair value. Refer to "Variable annuities with guaranteed minimum withdrawal benefits" below for more guidance on how these reserves are valued. The following table shows the balance of the GMWB reserves reported in contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets: Year ended December 31, 2021 Balance, as of beginning of year $ 872,914 Expense incurred 137,932 Balance, as of end of year $ 1,010,846 The following table presents the account value, net amount at risk and number of contractholders for annuity contracts with guaranteed withdrawal benefits as of December 31, 2021: As of December 31, 2021 ($ in thousands, except for contractholders information) Account value $ 11,057,318 Net amount at risk $ 3,655,914 Number of contractholders 80,955 Contractholder deposit funds with embedded derivatives The following table shows the balances of the account value and embedded derivatives reported in policy liabilities in the consolidated statements of financial condition: As of December 31, 2021 Account value $ 28,537,784 Embedded derivatives $ 2,541,225 The following paragraphs describe the products presented within the above table along with the underlying methodology used to calculate the embedded derivatives. Global Atlantic’s fixed-indexed annuity, indexed universal life and variable annuity products contain equity-indexed features which are considered embedded derivatives and required to be measured at fair value. The fair value of the equity-indexed embedded derivative is calculated as the present value of future projected benefits in excess of the projected guaranteed benefits, using an option budget as the indexed account value growth rate, for fixed-index annuity and indexed universal life products, and the present value of future projected benefits in excess of the future allocated assessments for variable annuity products. In addition, the fair value of the embedded derivative is reduced to reflect the risk of nonperformance on Global Atlantic’s obligation, referred to as nonperformance risk. Changes in interest rates, future index credits, nonperformance risk, projected withdrawal and surrender activity, and mortality can have a significant impact on the value of the embedded derivative. Fixed-indexed annuities Fixed-indexed annuity contracts allow the policyholder to elect a fixed interest rate return or a market indexed strategy where interest credited is based on the performance of an index, such as S&P 500 or other indices. The equity market strategy is an embedded derivative, similar to a call option. The fair value of the embedded derivative is computed as the present value of benefits attributable to the excess of the projected policy contract values over the projected minimum guaranteed contract values. The projections of policy contract values are based on assumptions for future policy growth, which include assumptions for expected index credits, future equity option costs, volatility, interest rates and policyholder behavior. The projections of minimum guaranteed contract values include the same assumptions for policyholder behavior as are used to project policy contract values. The embedded derivative cash flows are discounted using a risk free interest rate increased by a non-performance risk spread tied to Global Atlantic’s own credit rating. Indexed universal life Indexed universal life contracts allow a policyholder’s account value growth to be indexed to certain equity indices, which result in an embedded derivative similar to a call option. The embedded derivative related to the index is bifurcated from the account value and measured at fair value. The valuation of the embedded derivative is the present value of future projected benefits in excess of the projected guaranteed benefits, using the option budget as the indexed account value growth rate and the guaranteed interest rate as the guaranteed account value growth rate. Present values are based on discount rate curves determined at the valuation date/issue date as well as assumed lapse and mortality rates. The discount rate equals the forecast treasury rate plus a non-performance risk spread tied to Global Atlantic’s own credit rating. Changes in discount rates and other assumptions such as spreads and/or option budgets can have a substantial impact on the embedded derivative. Variable annuities with guaranteed minimum withdrawal benefits Global Atlantic has issued variable annuity contracts with a GMWB feature. The GMWB feature provides annuity contractholders with a guaranteed stream of payments for life, once income is activated. The annual income amount is based on a percentage multiplied by the contractual benefit base. The benefit base is defined in the contract and may incorporate various combinations of ratchet and roll-up features. Benefit payments are first deducted from the account value. Excess guaranteed benefits are defined as all GMWB paid once the underlying account value has reached zero. The GMWB is considered an embedded derivative and measured at fair value. The fair value calculation for the embedded derivative includes the following considerations: • The reserve is based on projections run under a large number of stochastic scenarios; • All underlying scenarios are generated using risk neutral assumptions; • The mean of the projected returns is based on a risk free rate; • Volatilities are based on market implied volatilities; and, • The discount rate for this fair value calculation equals the risk free rate plus a spread consistent with Global Atlantic’s risk of non-performance on its obligations, which is referred to as its own credit risk. Universal life with no-lapse guarantee Global Atlantic has certain in-force universal life contracts which provide a secondary guarantee, or “no-lapse guarantee,” to the policyholder. The policy can remain in-force, even if the policyholder’s account value is zero, as long as contractual secondary guarantee requirements have been met. The primary risk associated with these guarantees are that the premium collected under these policies, together with the investment return earned on that premium, is ultimately insufficient to pay the policyholder’s benefits and the expenses associated with issuing and administering these policies. Global Atlantic holds an additional reserve in connection with these guarantees. The change in the reserve is included in policy benefits and claims in the consolidated statements of income. The additional reserve related to universal life products with secondary guarantees is calculated using methods similar to those described above under “Guaranteed minimum death benefits.” The costs related to these secondary guarantees are recognized over the life of the contracts through the accrual and subsequent release of a reserve which is revalued each period. The reserve is determined for any point in time equal to the accumulated value of the assessments since inception times the benefit ratio less the accumulated value of death benefits paid since inception. The benefit ratio is the present value of total expected benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract. Generally, total expected excess benefit payments are the aggregate of death claims after the policyholder account value is exhausted. The exception is when the cost of insurance charges are insufficient to produce consistently positive earnings in the future. In this case, all death benefits are deemed to be excess benefits. The reserves for universal life no-lapse guarantees were $4.6 billion as of December 31, 2021. Preneed reserves Preneed life insurance pays a death benefit that helps cover funeral costs according to a prearranged funeral agreement. A liability for preneed policyholder benefits is established in an amount determined by the account or contract balance that accrues to the benefit of the policyholder. Reserves on preneed business are based on cash surrender values of issued policies. An additional insurance liability is established as of each reporting date where the total liability is equal to the present value of projected future benefits and maintenance expenses, including discretionary death benefits to be credited to policies using current period discretionary death benefit crediting rates under current assumptions. We have the discretion to adjust these death benefit crediting rates up or down. Global Atlantic has also issued preneed insurance contracts with crediting rates tied to inflation as measured by the Consumer Price Index or other indices. For these contracts, future death benefit growth is based on the expected yield curve on the swaps hedging the reserves. These crediting rates utilize the following assumptions: • Credited interest rate: Based on the non-forfeiture rates of 3.0% to 5.5%. • Mortality: Based on Global Atlantic’s experience. • Death benefit inflation: Based on the discretionary death benefit inflation rates in effect at the current reporting date. To mitigate the risk that a policy will not keep pace with increases in funeral prices or remain competitive, Global Atlantic has the discretion to increase or decrease the death benefit. Such increases or decreases are considered on a quarterly basis and vary by plan. • Maintenance expenses: Based on Global Atlantic’s experience and expressed as a cost per paid-up policy and a cost per premium-paying policy. The earned interest rate used to calculate estimated gross profits is based on the asset yield. Closed blocks Summarized financial information of Global Atlantic’s closed blocks is as follows: As of December 31, 2021 Assets Total investments $ 2,964 Cash and cash equivalents 2,904 Accrued investment income 35 Reinsurance recoverable 1,293,791 Deferred income taxes 59,902 Total assets 1,359,596 Liabilities Future policy benefits 1,226,231 Outstanding claims 28,655 Contractholder deposit funds and other liabilities 1,074 Policyholder dividend obligation at fair value (1) 81,280 Policyholder dividends payable at fair value (1) 11,096 Total policy liabilities 1,348,336 Accrued expenses and other liabilities 10,412 Total liabilities 1,358,748 Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities $ (848) (1) Included within contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets. Year ended December 31, 2021 Revenues Premiums and other income $ 660 Net investment expense (28) Total revenues 632 Benefits and expenses Policy benefits (5,652) Other expenses 8 Total benefits and expenses (5,644) Net contribution from the closed blocks 6,276 Income tax (benefit) expense (3,026) Net income (loss) $ 9,302 Many expenses related to the closed block operations are charged to operations outside the closed blocks; accordingly, the contribution from the closed blocks does not represent the actual profitability of the closed block operations. The closed blocks of business represents policies acquired through acquisition, which were valued at fair value as of the acquisition date.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES KKR & Co. Inc. is a domestic corporation for U.S. federal income tax purposes and thus is subject to U.S. federal, state and local corporate income taxes at the entity level on KKR’s share of net taxable income. In addition, KKR Group Partnership and certain of its subsidiaries operate as partnerships for U.S. federal income tax purposes and as corporate entities in the U.S. and certain non-U.S. jurisdictions. These entities, in some cases, are subject to U.S. state or local income taxes or non-U.S. income taxes. Moreover, certain subsidiaries of KKR, including the Global Atlantic Financial Group, are domestic corporations for U.S. federal income tax purposes and are subject to U.S. federal, state, and local corporate income taxes. Income before income taxes includes the following components: For the Years Ended December 31, 2021 2020 2019 Income before Income Taxes: United States $ 13,160,722 $ 5,534,251 $ 5,042,319 Foreign 487,727 192,444 125,971 Total Income before Income Taxes $ 13,648,449 $ 5,726,695 $ 5,168,290 The provision (benefit) for income taxes consists of the following: For the Years Ended December 31, 2021 2020 2019 Current Federal $ 344,052 $ 181,838 $ 56,046 State and Local 40,336 29,033 10,925 Foreign 81,370 49,962 38,238 Subtotal 465,758 260,833 105,209 Deferred Federal 793,540 289,700 428,110 State and Local 97,063 36,460 49,148 Foreign (3,091) 22,104 (53,717) Subtotal 887,512 348,264 423,541 Total Income Taxes $ 1,353,270 $ 609,097 $ 528,750 The following table reconciles the U.S. Federal Statutory Tax Rate to the Effective Income Tax Rate: For the Years Ended December 31, 2021 2020 2019 Statutory U.S. Federal Income Tax Rate 21.0 % 21.0 % 21.0 % Income not attributable to KKR & Co. Inc. (1) (14.0) % (13.9) % (13.1) % Foreign Income Taxes 0.3 % 0.8 % (0.3) % State and Local Income Taxes 0.8 % 0.8 % 0.9 % Compensation Charges Borne by KKR Holdings 2.8 % 2.4 % 2.8 % Conversion Benefit — % — % (0.9) % Change in Valuation Allowance — % 0.4 % — % Other (1.0) % (0.9) % (0.1) % Effective Income Tax Rate 9.9 % 10.6 % 10.3 % (1) Represents primarily income attributable to (i) noncontrolling interests for all periods. This item also includes investment income of certain entities and net carried interest of certain general partners of KKR investment funds that were not subject to U.S. federal income taxes prior to the conversion of KKR & Co. L.P. to KKR & Co. Inc. A summary of the tax effects of the temporary differences is as follows: Asset Management December 31, 2021 December 31, 2020 Deferred Tax Assets Fund Management Fee Credits $ 98,165 $ 82,511 Equity Based Compensation 34,116 31,518 KKR Holdings Unit Exchanges (1) 449,683 233,516 Depreciation and Amortization (2) 212,063 259,801 Operating Lease Liability 40,101 32,213 Net Operating Loss Carryforwards 58,764 54,958 Other 37,833 24,836 Total Deferred Tax Assets before Valuation Allowance 930,725 719,353 Valuation Allowance (23,082) (23,082) Total Deferred Tax Assets 907,643 696,271 Deferred Tax Liabilities Investment Basis Differences / Net Unrealized Gains & Losses (2) 1,662,353 779,661 Operating Lease Right-of-Use Asset 40,101 32,213 Other 19,855 — Total Deferred Tax Liabilities 1,722,309 811,874 Total Deferred Taxes, Net $ (814,666) $ (115,603) (1) In connection with exchanges of KKR Holdings units into common stock of KKR & Co. Inc., KKR records a deferred tax asset associated with an increase in KKR & Co. Inc.'s share of the tax basis of the tangible and intangible assets of KKR Group Partnership. This amount is offset by an adjustment to record amounts due to KKR Holdings and principals under the tax receivable agreement, which is included within Due to Affiliates in the consolidated statements of financial condition. The net impact of these adjustments was recorded as an adjustment to equity at the time of the exchanges. (2) This deferred tax item includes a portion of the tax benefit KKR recognized as a result of the step-up in tax basis generated by the conversion of KKR & Co. L.P. to KKR & Co. Inc. Insurance December 31, 2021 December 31, 2020 Deferred Tax Assets Insurance Reserves $ 1,993,496 $ — Insurance Intangibles 168,054 — Net Operating Loss and Capital Loss Carryforwards 15,857 — Other 75,000 — Total Deferred Tax Assets before Valuation Allowance 2,252,407 — Valuation Allowance — — Total Deferred Tax Assets 2,252,407 — Deferred Tax Liabilities Insurance Loss Reserve Adjustment 111,910 — Insurance Investment Basis Differences, Including Derivatives 1,384,621 — Total Deferred Tax Liabilities 1,496,531 — Total Deferred Taxes, Net $ 755,876 $ — Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of the existing deferred tax assets. As of December 31, 2021, a valuation allowance of $23.1 million has been recorded against certain foreign deferred tax assets primarily related to net operating loss carryforwards that are unlikely to be utilized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as our projections for growth. As of December 31, 2021, KKR has a federal net operating loss ("NOL") carryforward of $41 million that will begin to expire in 2034, state and local NOL carryforward of $96.6 million with an indefinite carryforward period, and a foreign NOL carryforward of $218.3 million that will begin to expire in 2028. In addition, KKR has capital loss carryforwards of $34 million which will begin to expire in 2025. As of December 31, 2021, KKR has accumulated undistributed earnings generated by certain foreign subsidiaries, which we intend to indefinitely reinvest and have not recorded any deferred taxes with respect to outside U.S. federal income tax basis difference on these subsidiaries. KKR will continue to evaluate its capital management plans. Tax Contingencies KKR files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, KKR is subject to examination by U.S. federal and certain state, local and foreign tax regulators. As of December 31, 2021, tax returns of KKR and its predecessor entities for the years 2016 through 2018 for U.S. federal purposes and 2011 through 2018 for state and local tax purposes are open under general statute of limitations provisions and therefore subject to examination. At December 31, 2021, 2020 and 2019, KKR's unrecognized tax benefits relating to uncertain tax positions, excluding related interest and penalties, consisted of the following: For the Years Ended December 31, 2021 2020 2019 Unrecognized Tax Benefits, beginning of period $ 60,712 $ 53,372 $ 53,598 Gross increases in tax positions in prior periods — — — Gross decreases in tax positions in prior periods (2,009) (125) (2,443) Gross increases in tax positions in current period 2,671 7,700 4,107 Lapse of statute of limitations (1,741) (235) (1,890) Unrecognized Tax Benefits, end of period $ 59,633 $ 60,712 $ 53,372 If the above tax benefits were recognized, the effective income tax rate would be reduced. KKR believes that there could be a decrease to the tax positions up to $33 million within 12 months of the reporting date but the impact of such decrease to the effective tax rate would not be significant.

EQUITY BASED COMPENSATION

EQUITY BASED COMPENSATION	12 Months Ended
EQUITY BASED COMPENSATION	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
EQUITY BASED COMPENSATION	EQUITY BASED COMPENSATION Asset Management KKR Equity Incentive Plan Awards For the years ended December 31, 2021, 2020 and 2019, KKR recorded equity based compensation expense of $273.0 million, $246.4 million and $207.8 million, respectively. For the year ended December 31, 2021, $11.7 million of equity based compensation related to our insurance business. Under KKR's Equity Incentive Plans, KKR is permitted to grant equity awards representing ownership interests in KKR & Co. Inc. common stock. On March 29, 2019, the 2019 Equity Incentive Plan became effective. Following the effectiveness of the 2019 Equity Incentive Plan, KKR no longer makes further grants under the 2010 Equity Incentive Plan, and the 2019 Equity Incentive Plan became KKR's only plan for providing new equity-based awards by KKR & Co. Inc. Outstanding awards under the 2010 Equity Incentive Plan will remain outstanding, unchanged and subject to the terms of the 2010 Equity Incentive Plan and their respective equity award agreements, until the vesting, expiration or lapse of such awards in accordance with their terms. The total number of equity awards representing shares of common stock that may be issued under the 2019 Equity Incentive Plan is equivalent to 15% of the aggregate number of the shares of common stock and KKR Group Partnership Units (excluding KKR Group Partnership Units held by KKR & Co. Inc. or its wholly-owned subsidiaries), subject to annual adjustment. As of December 31, 2021, 70,812,698 shares may be issued under the 2019 Equity Incentive Plan. Equity awards granted pursuant to the Equity Plans generally consist of (i) restricted stock units ("RSUs") that convert to shares of common stock of KKR & Co. Inc. (or cash equivalent) upon vesting and (ii) restricted holdings units ("RHUs") that are exchangeable into shares of common stock of KKR & Co. Inc. upon vesting and certain other conditions. Vested awards under the Equity Incentive Plans dilute KKR & Co. Inc. common stockholders and KKR Holdings pro rata in accordance with their respective percentage interests in KKR Group Partnership. Service-Vesting Awards Under the Equity Incentive Plans, KKR grants RSUs and RHUs that are subject to service-based vesting, typically over a three Expense associated with the vesting of these Service-Vesting Awards is based on the closing price of KKR & Co. Inc. common stock on the date of grant, discounted for the lack of participation rights in the expected dividends on unvested equity awards. Expense is recognized on a straight line basis over the life of the award and assumes a forfeiture rate of up to 7% annually based upon expected turnover by class of recipient. As of December 31, 2021, there was approximately $601.5 million of total estimated unrecognized expense related to unvested Service-Vesting Awards, which is expected to be recognized over the weighted average remaining requisite service period of 1.9 years. A summary of the status of unvested Service-Vesting Awards granted under the Equity Incentive Plans from January 1, 2021 through December 31, 2021 is presented below: Shares Weighted Balance, January 1, 2021 23,866,696 $ 28.28 Granted 4,965,504 68.75 Vested (9,097,728) 22.88 Forfeitures (427,431) 29.56 Balance, December 31, 2021 19,307,041 $ 41.21 Market Condition Awards Under the Equity Incentive Plans, KKR also grants RSUs and RHUs that are subject to both a service-based vesting condition and a market price based vesting condition (referred to hereafter as "Market Condition Awards") for certain employees (other than the Co-CEO Awards discussed below). The number of Market Condition Awards that will vest depend upon (i) the market price of KKR common stock reaching certain price targets that range from $45.00 to $140.00 and (ii) the employee being employed by KKR on a certain date, which typically is five and a half years from the date of grant (with exceptions for involuntary termination without cause, death and permanent disability). The market price vesting condition is met when the average closing price of KKR common stock during 20 consecutive trading days meets or exceeds the stock price targets. Holders of the Market Condition Awards do not participate in dividends until such awards have met both their service-based and market price based vesting requirements. Additionally, these awards are subject to additional transfer restrictions and minimum retained ownership requirements after vesting. Due to the existence of the service requirement, the vesting period for these Market Condition Awards is explicit, and as such, compensation expense will be recognized on (i) a straight-line basis over the period from the date of grant through the date the award recipient is required to be employed by KKR and (ii) assumes a forfeiture rate of up to 7% annually based upon expected turnover. The fair value of the awards granted are based on a Monte-Carlo simulation valuation model. In addition, the grant date fair value assumes that holders of the Market Condition Awards will not participate in dividends until such awards have met all of their vesting requirements. Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Market Condition Awards: Weighted Range Grant Date Fair Value $25.03 $19.87 - $47.47 Closing KKR share price as of valuation date $42.49 $37.93 - $76.31 Risk Free Rate 0.51% 0.41% - 1.28% Volatility 28.04% 28.00% - 30.00% Dividend Yield 1.42% 0.76% - 1.53% Expected Cost of Equity 10.61% 9.13% - 10.76% As of December 31, 2021, there was approximately $374.8 million of total estimated unrecognized expense related to these unvested Market Condition Awards, which is expected to be recognized over the weighted average remaining requisite service period of 4.4 years. A summary of the status of unvested Market Condition Awards granted under the Equity Incentive Plans from January 1, 2021 through December 31, 2021 is presented below: Shares Weighted Balance, January 1, 2021 16,875,000 $ 21.07 Granted 4,495,847 39.90 Vested — — Forfeitures — — Balance, December 31, 2021 21,370,847 $ 25.03 As of December 31, 2021, 19.5 million of these Market Condition awards have met their market price based vesting condition. Co-CEO Awards On December 9, 2021, the Board of Directors of KKR approved grants of 7.5 million RHUs to each of KKR’s Co-Chief Executive Officers that are subject to both a service-based vesting condition and a market price based vesting condition (referred to hereafter as "Co-CEOs Awards"). For both Co-Chief Executive Officers, 20% of the Co-CEOs Awards are eligible to vest at each of the following KKR common stock prices targets: $95.80, $105.80, $115.80, $125.80 and $135.80. The market price based vesting condition is met when the average closing price of KKR common stock during 20 consecutive trading days meets or exceeds the stock price targets. In addition to the market price based vesting conditions, in order for the Co-CEOs Awards to vest, the Co-Chief Executive Officer is required to be employed by KKR on December 31, 2026 (with exceptions for involuntary termination without cause, death and permanent disability). These awards will be automatically canceled and forfeited upon the earlier of the Co-Chief Executive Officer’s termination of service (except for involuntary termination without cause, death or permanent disability) or the failure to meet the market price based vesting condition by December 31, 2028 (for which continued service is required if the market price vesting condition is met after December 31, 2026). Co-CEO Awards do not participate in dividends until such awards have met both their service-based and market price based vesting requirements. Additionally, these awards are subject to additional transfer restrictions and minimum retained ownership requirements after vesting. Due to the existence of the service requirement, the vesting period for these Co-CEO Awards is explicit, and as such, compensation expense will be recognized on a straight-line basis over the period from the date of grant through December 31, 2026 given the derived service period is less than the explicit service period. The fair value of the awards granted are based on a Monte-Carlo simulation valuation model. In addition, the grant date fair value assumes that these Co-CEO Awards will not participate in dividends until such awards have met all of their vesting requirements. Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Co-CEO Awards: Grant Date Fair Value $48.91 Closing KKR share price as of valuation date $75.76 Risk Free Rate 1.42% Volatility 28.0% Dividend Yield 0.77% Expected Cost of Equity 9.36% As of December 31, 2021, there was approximately $724.9 million of total estimated unrecognized expense related to these unvested Co-CEO Awards, which is expected to be recognized ratably from January 1, 2022 to December 31, 2026. As of December 31, 2021, none of these Co-CEO awards have met their market price based vesting condition. KKR Holdings Awards For the years ended December 31, 2021, 2020 and 2019, KKR recorded equity based compensation expense of $160.7 million, $80.0 million and $91.1 million, respectively. KKR Holdings units are exchangeable for KKR Group Partnership Units and allow for their exchange into common stock of KKR & Co. Inc. on a one-for-one basis. As of December 31, 2021 and 2020, KKR Holdings owned approximately 30.2% or 258,726,163 units and 32.5% or 275,626,493 units, respectively, of outstanding KKR Group Partnership Units. In the past, awards of KKR Holdings units generally had service-based vesting, typically over a three On October 8, 2021, as part of the transactions contemplated by the Reorganization, of the 3.3 million outstanding KKR Holdings units that remained unallocated as of September 30, 2021, KKR Holdings allocated 1,150,000 KKR Holdings units to each of KKR’s Co-CEOs, of which 70% vested immediately, on October 8, 2021, and the remaining 30% are subject to forfeiture if such Co-CEO is not employed by KKR on October 1, 2022 (except in the case of death or permanent disability). These KKR Holdings units (or shares of common stock to be received in respect thereof) are subject to customary one The fair value of awards granted out of KKR Holdings is generally based on the closing price of KKR & Co. Inc. common stock on the date of grant discounted for the lack of participation rights in the expected distributions on unvested units. KKR determined this to be the best evidence of fair value as KKR & Co. Inc. common stock is traded in an active market and has an observable market price. Additionally, a KKR Holdings unit is an instrument with terms and conditions similar to those of KKR & Co. Inc. common stock. Specifically, units in KKR Holdings and shares of KKR & Co. Inc. represent ownership interests in KKR Group Partnership Units and, subject to any vesting, minimum retained ownership requirements and transfer restrictions, each KKR Holdings unit is exchangeable into a KKR Group Partnership Unit and then into a share of KKR & Co. Inc. common stock on a one-for-one basis. KKR Holdings awards give rise to equity-based compensation in the consolidated statements of operations based on the grant-date fair value of the award discounted for the lack of participation rights in the expected distributions on unvested units. This discount is consistent with that noted above for shares issued under the Equity Incentive Plans. Expense is recognized on a straight line basis over the life of the award and assumes a forfeiture rate of up to 7% annually based on expected turnover by class of recipient. As of December 31, 2021, there was approximately $59.8 million of estimated unrecognized expense, which is expected to be recognized ratably from January 1, 2022 to October 1, 2022. A summary of the status of unvested awards granted under the KKR Holdings Plan from January 1, 2021 through December 31, 2021 is presented below: Units Weighted Balance, January 1, 2021 10,240,000 $ 14.33 Granted 2,300,000 65.51 Vested (7,940,000) 24.78 Forfeitures — — Balance, December 31, 2021 4,600,000 $ 21.88 Insurance Global Atlantic recognized $63.9 million of expense related equity-based compensation and long-term incentive awards for the year ended December 31, 2021. The income tax benefit recognized by Global Atlantic with respect to the equity-based compensation and long-term incentive plans for the year ended December 31, 2021 was $11.0 million and was recognized as an income tax benefit in the consolidated statements of operations. No equity-based compensation costs were capitalized during the year ended December 31, 2021. Equity Classified Awards - KKR Equity Incentive Plan Awards On February 1, 2021, in connection with the GA Acquisition, employees of Global Atlantic were awarded a one-time grant of RSUs under the 2019 Equity Incentive Plan. These awards (i) are subject to service-based vesting conditions and (ii) expense associated with the vesting of these awards is based on the closing price of KKR & Co. Inc. common stock on the date of grant, consistent with other awards granted under the 2019 Equity Incentive Plan as described above. On July 1, 2021, a grant of a Market Condition Award was made under the 2019 Equity Incentive Plan. This award is subject to meeting certain market price based vesting conditions of KKR common stock but has no service vesting condition. Expense associated with the grant date fair value of this award of $10.5 million was fully recognized in the three months ended September 30, 2021. Global Atlantic recognized $11.7 million of total equity-based compensation expense for the year ended December 31, 2021 associated with these awards. Liability Classified Awards - Book Value Awards On February 1, 2021, Global Atlantic adopted the Global Atlantic Financial Company Book Value Award Plan ("GA Book Value Plan") to enhance the ability of Global Atlantic to attract, motivate and retain its employees and to promote the success of the Global Atlantic business. The GA Book Value Plan authorizes the grant of cash-settled awards ("book value awards") representing the right to receive one or more payments upon vesting equal to the product of an initial dollar value set by the award multiplied by a pre-determined formula as of each applicable vesting date. The predetermined formula is equal to the quotient determined by dividing the book value of one share of TGAFG on the applicable vesting date by the book value of a share on the original grant date, subject to adjustments. Book value awards generally vest in three equal, annual installments, subject to continued employment. On February 1, 2021, under the terms of the GA Merger Agreement and in accordance with applicable plan documentation, former Global Atlantic restricted share awards that were unvested immediately prior to the closing of the GA Acquisition converted into the right to receive a number of book value awards under the GA Book Value Plan having the same value and the same vesting schedule as the former Global Atlantic restricted share awards immediately prior to the closing of the GA Acquisition. An aggregate of 3,020,017 unvested former Global Atlantic restricted share awards having a fair value of $29.47 per share were converted to book value awards at an aggregate grant-date value of $89 million. On February 28, 2021, book value awards having an aggregate value of approximately $28 million vested as set forth in the former Global Atlantic grant agreements and resulted in a cash payment of $17 million to participants, net of applicable tax withholding. Also in connection with the GA Acquisition, on February 1, 2021, Global Atlantic employees were issued a one-time grant of book value awards having an aggregate initial value of $23 million. These one-time book value awards vest over five On March 1, 2021, pursuant to the GA Book Value Plan, book value awards having an aggregate initial value of approximately $32 million were granted. Such book value awards generally vest annually over three years in equal increments, subject to continued employment. Global Atlantic is recording compensation expense over the vesting schedule of the awards, net of an estimated forfeiture rate of 4%. Global Atlantic began recognizing long-term incentive expense for the book value awards described above at the grant dates, based on their initial value, net of a 4% estimated forfeiture rate. Global Atlantic adjusts expense periodically for changes in book value until the awards are settled or forfeited. Expense recognized on forfeited awards is reversed in the period of forfeiture. The table below presents the activity related to book value awards for the year ended December 31, 2021: Book value awards Outstanding amount as of beginning of period $ — Pre-acquisition awards converted to book-value awards on February 1, 2021 89,000 Granted 88,195 Forfeited (7,677) Impact of change in book value on outstanding awards 6,597 Vested and issued (31,115) Outstanding amount as of end of period $ 145,000 Global Atlantic recognized $52.2 million of compensation expense for the year ended December 31, 2021 associated with these awards. The remaining unamortized compensation expense of $99.6 million is expected to be recognized over a remaining average period of 2.67 years. GA Equity Incentive Plan Awards On June 24, 2021, Global Atlantic issued 1,000 non-voting incentive shares to a Bermuda exempted partnership owned by certain Global Atlantic employees, who are eligible to receive incentive units under Global Atlantic's Senior Management Equity Incentive Plan ("GA Equity Incentive Plan"). These incentive units represent an interest in the receipt of certain amounts based on Global Atlantic's book value, market value, and AUM, in each case as derived in part from the value of TGAFG’s fully-diluted equity shares. On June 24, 2021, Global Atlantic granted approximately 808 incentive units under the GA Equity Incentive Plan. The book value component of the incentive units vests 20% per year on the anniversary of the GA Acquisition Date, as long as the grantee remains then employed, and will be settled in cash. The market value and AUM components of the incentive units cliff vest upon the earlier to occur of (i) the fifth (5th) anniversary of the GA Acquisition Date, or (ii) a change of control, and will be settled in a variable number of TGAFG’s non-voting common shares. Except in the event of termination due to death or disability, generally, unvested market value and AUM amounts are forfeited upon a termination of employment. The GA Equity Incentive Plan is accounted for as a hybrid compensation plan, consisting of one component most closely aligned with a profit-sharing plan under ASC 710, Compensation - General , as well as other components within scope of ASC 718, Compensation - Stock Compensation , in all cases with obligations liability-classified. Accordingly, with regard to awards within scope of ASC 710, Global Atlantic records expense based on payouts deemed to be probable and reasonably estimable based on the book value growth of Global Atlantic at the grant date and at each reporting period. For award components subject to liability-classification under ASC 718, Global Atlantic records expense, net of a 0% estimated forfeiture rate, based on the fair value of awards granted, with periodic adjustments to expense for changes in fair value, over the requisite 5-year service period. The aggregate value of the GA Equity Incentive Plan awards at the initial date of grant was $197 million, based on the intrinsic value of the book value component at the date of grant ($5 million) and the fair value of the market value and AUM components at the date of grant ($192 million, collectively), based on the projected growth in value of each component over the 5-year vesting schedule and applying a forfeiture rate of 0%. Expense will be remeasured at each reporting period and adjusted as needed until the awards are forfeited or settled. During the year ended December 31, 2021, approximately 841 incentive units were granted to employees and approximately 10 incentive units were forfeited. As of December 31, 2021, there were approximately 831 incentive units outstanding under the Plan.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Due from Affiliates consists of: December 31, 2021 December 31, 2020 Amounts due from portfolio companies $ 114,479 $ 164,113 Amounts due from unconsolidated investment funds 1,109,769 707,758 Amounts due from related entities 35 1,123 Due from Affiliates $ 1,224,283 $ 872,994 Due to Affiliates consists of: December 31, 2021 December 31, 2020 Amounts due to KKR Holdings - tax receivable agreement $ 399,163 $ 204,014 Amounts due to unconsolidated investment funds 63,559 121,163 Due to Affiliates $ 462,722 $ 325,177 Tax Receivable Agreement KKR is required to acquire KKR Group Partnership Units from time to time pursuant to the exchange agreement with KKR Holdings. The KKR Group Partnership has made an election under Section 754 of the Internal Revenue Code of 1986, as amended, that will remain in effect for each taxable year in which an exchange of KKR Group Partnership Units for common stock occurs, which may result in an increase in KKR's tax basis of the assets of KKR Group Partnership at the time of an exchange of KKR Group Partnership Units. Certain of these exchanges are expected to result in an increase in KKR's share of the tax basis of the tangible and intangible assets of the KKR Group Partnership, primarily attributable to a portion of the goodwill inherent in KKR's business that would not otherwise have been available. This increase in tax basis may increase depreciation and amortization deductions for tax purposes and therefore reduce the amount of income tax KKR otherwise would be required to pay in the future. This increase in tax basis may also decrease gain (or increase loss) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. KKR has entered into a tax receivable agreement with KKR Holdings, which requires KKR to pay to KKR Holdings, or to current and former principals who have exchanged KKR Holdings units for shares of common stock (as transferees of KKR Group Partnership Units), 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax that KKR realizes as a result of the increase in tax basis described above, as well as 85% of the amount of any such savings KKR actually realizes as a result of increases in tax basis that arise due to future payments under the agreement. KKR expects to benefit from the remaining 15% of cash savings, if any, in income tax that it realizes. These payment obligations are obligations of KKR & Co. Inc. and its wholly-owned subsidiary and not of KKR Group Partnership and are recorded within Due to Affiliates in the accompanying consolidated statements of financial condition. Payments made under the tax receivable agreement are required to be made within 90 days of the filing of KKR's tax returns, which may result in a timing difference between the tax savings received by KKR and the cash payments made to the exchanging holders of KKR Group Partnership Units. Effective July 1, 2018, we amended the tax receivable agreement to reflect the conversion of KKR & Co. L.P. to KKR & Co. Inc. on July 1, 2018 (the "Conversion"). The amendment also provides that, in the event the maximum U.S. federal corporate income tax rate is increased to a rate higher than 21.0% within the five- year period following the Conversion, for exchanges pursuant to the exchange agreement that take place within that five-year period (other than exchanges following the death of an individual), payments of cash tax savings realized as a result of such exchanges shall be calculated by applying a U.S. federal corporate income tax rate not to exceed 21.0%. The amendment also clarifies that the tax benefit payments with respect to exchanges completed at any time prior to the Conversion will be calculated without taking into account the step-up in tax basis in our underlying assets that we generated in 2018 as a result of the Conversion. The tax receivable agreement will terminate upon the closing of the mergers contemplated by the Reorganization Agreement, other than with respect to certain exchanges occurring prior to its termination. For the years ended December 31, 2021, 2020 and 2019, cash payments that have been made under the tax receivable agreement were $7.2 million, $7.2 million, and $11.8 million, respectively. KKR expects KKR & Co. Inc. or its wholly-owned subsidiary to benefit from the remaining 15% of cash savings, if any, in income tax that they realize. As of December 31, 2021, $8.9 million of cumulative income tax savings have been realized. Discretionary Investments Certain of KKR's current and former employees and other qualifying personnel are permitted to invest, and have invested, their own capital in KKR's funds, in side-by-side investments with these funds and the firm, as well as in funds managed by its hedge fund partnerships. Side-by-side investments are made on the same terms and conditions as those acquired by the applicable fund or the firm, except that the side-by-side investments do not subject the investor to management fees or a carried interest. The cash contributed by these individuals aggregated $685.8 million, $645.6 million, and $433.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. Aircraft and Other Services Certain of the senior employees own aircraft that are used for KKR's business in the ordinary course of its operations. The hourly rates that KKR pays for the use of these aircraft are based on current market rates for chartering private aircraft of the same type. KKR incurred $1.7 million, $1.7 million, and $3.8 million for the use of these aircraft for the years ended December 31, 2021, 2020 and 2019, respectively, of which substantially all was paid to entities controlled by Messrs. Kravis and Roberts, and of which substantially all was borne by KKR rather than its investment funds (which indirectly bear the cost of some of these flights at commercial airline rates). Facilities Certain trusts, whose beneficiaries include children of Mr. Kravis and Mr. Roberts, and certain other senior employees who are not executive officers of KKR, are partners in a real-estate based partnership that maintains an ownership interest in KKR's Menlo Park location. Payments made to this partnership were $8.6 million, $8.4 million, and $8.1 million for the years ended December 31, 2021, 2020 and 2019, respectively.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Dec. 31, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING KKR operates through two reportable segments which are presented below and reflect how its chief operating decision-makers allocate resources and assess performance: • Asset Management - the asset management business offers a broad range of investment management services to investment funds, vehicles and accounts (including Global Atlantic) and provides capital markets services to portfolio companies and third parties. This reportable segment also reflects how its business lines operate collaboratively with predominantly a single expense pool. • Insurance - the insurance business is operated by Global Atlantic, which is a leading U.S. retirement and life insurance company that provides a broad suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic primarily generates income by earning a spread between its investment income and the cost of policyholder benefits. KKR’s segment profitability measure used to make operating decisions and assess performance across KKR’s reportable segments is presented prior to giving effect to the allocation of income (loss) among KKR & Co. Inc., KKR Holdings and holders of other exchangeable securities, and the consolidation of the investment funds, vehicles and accounts that KKR advises, manages or sponsors (including CFEs). KKR's segment profitability measure excludes: (i) equity-based compensation charges, (ii) amortization of acquired intangibles, (iii) strategic transaction-related charges and (iv) non-recurring items, if any. Strategic transaction-related items arise from corporate actions and consist primarily of (i) impairments, (ii) non-monetary gains or losses on divestitures, (iii) transaction costs from strategic acquisitions, and (iv) depreciation on real estate that KKR owns and occupies. 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 KKR as the investment adviser for Global Atlantic insurance companies and (ii) interest income and expense based on lending arrangements where one or more KKR subsidiaries borrow from a Global Atlantic insurance subsidiary. Inter-segment transactions are recorded by each segment based on the definitive documents that contain arms' length terms and comply with applicable regulatory requirements. Segment operating earnings for the Asset Management and Insurance segments is further defined as follows: • Asset Management Segment Operating Earnings is the profitability measure used to make operating decisions and to assess the performance of the Asset Management segment 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 Operating Earnings excludes (i) unrealized carried interest, (ii) net unrealized gains (losses) on investments, and (iii) related unrealized performance income 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 are included in Asset Management Segment Operating Earnings. • Insurance Segment Operating Earnings is the profitability measure used to make operating decisions and to assess the performance of the Insurance segment and is comprised of: (i) Net Investment Income, (ii) Net Cost of Insurance, (iii) General, Administrative, and Other Expenses, (iv) Income Taxes, and (v) Net Income Attributable to Noncontrolling Interests. The non-operating adjustments made to derive Insurance Segment Operating Earnings eliminate the impact of: (i) realized (gains) losses related to asset/liability matching investments strategies, (ii) unrealized investment (gains) losses, (iii) changes in the fair value of derivatives, embedded derivatives, and fair value liabilities for fixed-indexed annuities, indexed universal life contracts and variable annuities, and (iv) the associated income tax effects of all exclusions from Insurance Segment Operating Earnings except for equity-based compensation expense. Insurance Segment Operating Earnings includes (i) realized gains and losses not related to asset/liability matching investments strategies and (ii) the investment management fee expenses that are earned by KKR as the investment adviser of the Global Atlantic insurance companies. Modification of Segment Information In connection with the acquisition of Global Atlantic on February 1, 2021, KKR reevaluated the manner in which it makes operational and resource deployment decisions and assesses the overall performance of KKR's business. Effective with the first quarter of 2021, the items detailed below have changed with respect to the preparation of the reports used by KKR's chief operating decision makers. As a result, KKR has modified the presentation of its segment financial information with retrospective application to all prior periods presented. The most significant changes between KKR's current segment presentation and its previous segment presentation reported prior to the first quarter of 2021, are as follows: • Two Reportable Segments - KKR operates through two reportable segment due to the acquisition of Global Atlantic, which represents a separate reportable segment. The Asset Management segment represents KKR's business separate from its insurance operations and what previously was identified as one operating and reportable segment. The Asset Management segment continues to reflect how the chief operating decision makers allocate resources and assess performance in the asset management business, which includes operating collaboratively across asset management business lines, with predominantly a single expense pool. • Segment Operating Earnings - Segment Operating Earnings is the performance measure for KKR's segment profitability and is used by management in making operational decisions and to assess performance. Previously, due to the conclusion that KKR operated under one reportable segment, no measure of segment profit or loss was disclosed. In connection with these modifications, segment information as of and for the years ended December 31, 2020 and 2019 has been presented in this Annual Report on Form 10-K to conform to KKR's current segment presentation for comparability purposes. Consequently, this information will be different from the historical segment financial results previously reported by KKR in its reports filed with the SEC. Segment Presentation The following tables set forth information regarding KKR's segment results: Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Management Fees (1) $ 2,071,440 $ 1,441,578 $ 1,248,517 Transaction and Monitoring Fees, Net 1,004,241 632,433 564,259 Fee Related Performance Revenues 45,852 39,555 53,024 Fee Related Compensation (702,387) (486,481) (431,973) Other Operating Expenses (449,155) (346,558) (353,565) Fee Related Earnings 1,969,991 1,280,527 1,080,262 Realized Performance Income 2,141,596 1,165,699 1,083,020 Realized Performance Income Compensation (1,239,177) (697,071) (698,145) Realized Investment Income (2) 1,613,244 644,659 685,773 Realized Investment Income Compensation (241,994) (106,830) (108,385) Asset Management Segment Operating Earnings 4,243,660 2,286,984 2,042,525 Net Investment Income (1) (2) 3,329,570 — — Net Cost of Insurance (1,566,681) — — General, Administrative and Other (500,410) — — Pre-tax Insurance Operating Earnings 1,262,479 — — Income Taxes (199,095) — — Net Income Attributable to Noncontrolling Interest (410,833) — — Insurance Segment Operating Earnings 652,551 — — Total Segment Operating Earnings $ 4,896,211 $ 2,286,984 $ 2,042,525 (1) Includes intersegment management fees of $158.7 million for the year ended December 31, 2021. (2) Includes intersegment interest expense and income of $31.0 million for the year ended December 31, 2021. As of December 31, 2021 December 31, 2020 Segment Assets: - Asset Management $ 32,306,254 $ 27,821,019 - Insurance 166,553,187 — Total Segment Assets $ 198,859,441 $ 27,821,019 Years Ended Noncash expenses excluded from Segment Operating Earnings December 31, 2021 December 31, 2020 December 31, 2019 Equity Based Compensation and Other - Asset Management $ 261,330 $ 246,395 $ 207,789 - Insurance 95,344 — — Total Non-cash expenses $ 356,674 $ 246,395 $ 207,789 Reconciliations of Total Segment Amounts The following tables reconcile the Segment Revenues, Segment Operating Earnings, and Segment Assets to their equivalent GAAP measure: Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Total GAAP Revenues $ 16,236,148 $ 4,230,891 $ 4,220,900 Impact of Consolidation and Other 808,174 461,244 256,972 Asset Management Adjustments: Capital Allocation-Based Income (GAAP) (6,842,414) (2,224,100) (2,430,425) Realized Carried Interest 1,752,130 1,042,204 1,070,788 Realized Investment Income 1,613,244 644,659 685,773 Capstone Fees (91,407) (81,452) — Expense Reimbursements (178,572) (149,522) (169,415) Insurance Adjustments: Premiums (2,226,078) — — Policy Fees (1,147,913) — — Other Income (120,213) — — Investment Gains and Losses 544,357 — — Derivative Gains and Losses (141,513) — — Total Segment Revenues (1) $ 10,205,943 $ 3,923,924 $ 3,634,593 (1) Total Segment Revenues is comprised of (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, (iii) Fee Related Performance Revenues, (iv) Realized Performance Income, (v) Realized Investment Income, and (vi) Net Investment Income. Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Income (Loss) Before Tax (GAAP) $ 13,648,449 $ 5,726,695 $ 5,168,290 Impact of Consolidation and Other (5,165,795) (1,696,897) (1,010,652) Interest Expense 250,183 211,037 183,682 Equity-based compensation - KKR Holdings 161,283 80,739 91,296 Asset Management Adjustments: Unrealized Carried Interest (4,043,135) (1,070,803) (1,263,046) Net Unrealized (Gains) Losses (2,590,280) (1,697,740) (1,854,867) Unrealized Carried Interest Compensation (Carry Pool) 1,751,912 467,485 520,033 Strategic Corporate Transaction-Related Charges 25,153 20,073 — Equity-based compensation 183,100 236,199 201,095 Equity-based compensation - Performance based 78,230 10,196 6,694 Insurance Adjustments: Net (Gains) Losses from Investments and Derivatives 658,975 — — Strategic Corporate Transaction-Related Charges 25,711 — — Equity-based and Other Compensation 95,344 — — Amortization of Acquired Intangibles 16,176 — — Income Taxes (199,095) — — Total Segment Operating Earnings $ 4,896,211 $ 2,286,984 $ 2,042,525 As of December 31, 2021 December 31, 2020 Total GAAP Assets $ 264,285,440 $ 79,806,502 Impact of Consolidation and Reclassifications (61,775,687) (50,068,814) Carry Pool Reclassifications (3,650,312) (1,916,669) Total Segment Assets $ 198,859,441 $ 27,821,019

EQUITY

EQUITY	12 Months Ended
EQUITY	Dec. 31, 2021
Equity [Abstract]
EQUITY	EQUITY Stockholders' Equity Common Stock The common stock of KKR & Co. Inc. is entitled to vote as provided by its certificate of incorporation, Delaware General Corporation Law and the rules of the NYSE. Subject to preferences that apply to shares of Series C Mandatory Convertible Preferred Stock and any other shares of preferred stock outstanding at the time on which dividends are payable, the holders of common stock are entitled to receive dividends out of funds legally available if the board of directors, in its discretion, determines to declare dividends and then only at the times and in the amounts that the board of directors may determine. The common stock is not entitled to preemptive rights and is not subject to conversion, redemption or sinking fund provisions. Series I and Series II Preferred Stock Except for any distribution required by Delaware law to be made upon a dissolution event, the holders of Series I preferred stock and Series II preferred stock do not have any economic rights to receive dividends. Series I preferred stock is entitled to vote on various matters that may be submitted to vote of the stockholders and the other matters as set forth in the certificate of incorporation. For matters on which common stock is entitled to vote, so long as the ratio at which KKR Group Partnership Units are exchangeable for shares of common stock remains on a one-for-one basis, Series II preferred stock will vote together with common stock as a single class and on an equivalent basis, except Series II preferred stock will vote separately as a class on any amendment to the certificate of incorporation that changes certain terms, rights or preferences of Series II preferred stock. Upon a dissolution event, each holder of Series I preferred stock will be entitled to a payment equal to $0.01 per share of Series I preferred stock and each holder of Series II preferred stock will be entitled to a payment equal to $0.000000001 per share of Series II preferred stock. The Series II preferred stock will become eliminated upon the closing of the merger transactions contemplated by the Reorganization Agreement, subject to the satisfaction of the conditions to closing. The Series I preferred stock will become eliminated upon the closing of the transactions contemplated to occur on the Sunset Date (as defined in the Reorganization Agreement), which is scheduled to occur not later than December 31, 2026, subject to the closing of the prior merger transactions and the satisfaction of any other conditions to closing. Series A and Series B Preferred Stock The board of directors is authorized, subject to limitations prescribed by Delaware law, to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series, and to fix the designation, powers (including voting powers), preferences and rights of the shares of each series and any of its qualifications, limitations or restrictions, in each case without further vote or action by the stockholders (except as may be required by the terms of any preferred stock then outstanding). KKR & Co. Inc. had outstanding 13,800,000 shares of Series A Preferred Stock. Series A Preferred Stock had traded on the NYSE under the symbol "KKR PR A" and was originally issued on March 17, 2016. On June 15, 2021, KKR redeemed all of its Series A Preferred Stock at a redemption price per share equal to the $25.00 liquidation preference plus declared and unpaid dividends, which amounted to $350.8 million. The series of preferred units with economic terms that mirror those of the Series A Preferred Stock that was issued by KKR Group Partnership for the benefit of KKR & Co. Inc. were concurrently extinguished. Net income available to KKR was impacted by a charge of $12.0 million for the redemption of the Series A Preferred Stock. This charge is based on the excess of the redemption value over the carrying value of the Series A Preferred Stock. KKR & Co. Inc. had outstanding 6,200,000 shares of Series B Preferred Stock. Series B Preferred Stock had traded on the NYSE under the symbol "KKR PR B" and was originally issued on June 20, 2016. On September 15, 2021, KKR redeemed all of its Series B Preferred Stock at a redemption price per share equal to the $25.00 liquidation preference plus declared and unpaid dividends, which amounted to $157.5 million. The series of preferred units with economic terms that mirror those of the Series B Preferred Stock that was issued by KKR Group Partnership for the benefit of KKR & Co. Inc. were concurrently extinguished. Net income available to KKR was impacted by a charge of $5.4 million for the redemption of the Series B Preferred Stock. This charge is based on the excess of the redemption value over the carrying value of the Series B Preferred Stock. Series C Mandatory Convertible Preferred Stock On August 14, 2020, KKR & Co. Inc. issued 23,000,000 shares, or $1.15 billion aggregate liquidation preference, of its 6.00% Series C Mandatory Convertible Preferred Stock (the "Series C Mandatory Convertible Preferred Stock"). Unless converted or redeemed earlier in accordance with the terms of the Series C Mandatory Convertible Preferred Stock, each share of Series C Mandatory Convertible Preferred Stock will automatically convert on the mandatory conversion date, which is expected to be September 15, 2023, into between 1.1662 shares and 1.4285 shares of common stock, in each case, subject to customary anti-dilution adjustments described in the certificate of designations related to the Series C Mandatory Convertible Preferred Stock. The number of shares of common stock issuable upon conversion will be determined based on the average volume weighted average price per share of common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately prior to September 15, 2023. Dividends on the Series C Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee thereof, at an annual rate of 6.00% on the liquidation preference of $50.00 per share of Series C Mandatory Convertible Preferred Stock, and may be paid in cash or, subject to certain limitations, in shares of common stock or, subject to certain limitations, any combination of cash and shares of common stock. If declared, dividends on the Series C Mandatory Convertible Preferred Stock will be payable quarterly on March 15, June 15, September 15 and December 15 of each year to, and including, September 15, 2023, commencing on December 15, 2020. Upon KKR & Co. Inc.’s voluntary or involuntary liquidation, winding-up or dissolution, each holder of the Series C Mandatory Convertible Preferred Stock would be entitled to receive a liquidation preference in the amount of $50.00 per share of Series C Mandatory Convertible Preferred Stock, plus an amount equal to accumulated and unpaid dividends on such shares, whether or not declared, to, but excluding, the date fixed for liquidation, winding-up or dissolution, to be paid out of KKR & Co. Inc.’s assets legally available for distribution to its stockholders after satisfaction of debt and other liabilities owed to KKR & Co. Inc.’s creditors and holders of shares of its stock ranking senior to the Series C Mandatory Convertible Preferred Stock and before any payment or distribution is made to holders of any stock ranking junior to the Series C Mandatory Convertible Preferred Stock, including, without limitation, common stock. In connection with the issuance of the Series C Mandatory Convertible Preferred Stock, the limited partnership agreement of KKR Group Partnership was amended to provide for preferred units with economic terms designed to mirror those of the Series C Mandatory Convertible Preferred Stock. Share Repurchase Program On December 27, 2021, KKR announced an increase to the total available amount under its repurchase program to $500 million. Prior to this increase, there was approximately $37 million remaining under the program. As of February 4, 2022, the remaining amount available under the repurchase program was approximately $261 million. Under KKR's repurchase program, shares of common stock of KKR & Co. Inc. may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing, manner, price and amount of any repurchases will be determined by KKR in its discretion and will depend on a variety of factors, including legal requirements, price and economic and market conditions. In addition to the repurchases of common stock, the repurchase program will be used for the retirement (by cash settlement or the payment of tax withholding amounts upon net settlement) of equity awards granted pursuant to our Equity Incentive Plans representing the right to receive common stock. KKR expects that the program, which has no expiration date, will be in effect until the maximum approved dollar amount has been used. The program does not require KKR to repurchase or retire any specific number of shares of common stock or equity awards, respectively, and the program may be suspended, extended, modified or discontinued at any time. The following table presents KKR & Co. Inc. common stock that has been repurchased or equity awards retired under the repurchase program: For the Years Ended December 31, 2021 2020 2019 Shares of common stock repurchased 4,462,533 10,209,673 2,859,452 Equity awards for common stock retired 3,350,874 2,850,094 3,670,019 Noncontrolling Interests Noncontrolling interests represent (i) noncontrolling interests in consolidated entities and (ii) noncontrolling interests held by KKR Holdings. Noncontrolling Interests in Consolidated Entities and Other Noncontrolling interests in consolidated entities represent the non-redeemable ownership interests in KKR that are held primarily by: (i) third party fund investors in KKR's consolidated funds and certain other entities; (ii) third parties entitled to up to 1% of the carried interest received by certain general partners of KKR's funds that have made investments on or prior to December 31, 2015; (iii) certain former principals and their designees representing a portion of the carried interest received by the general partners of KKR's private equity funds that was allocated to them with respect to private equity investments made during such former principals' tenure with KKR prior to October 1, 2009; (iv) certain current and former principals representing all of the capital invested by or on behalf of the general partners of KKR's private equity funds prior to October 1, 2009 and any returns thereon; (v) third parties in KKR's Capital Markets business line; (vi) holders of other exchangeable securities, which consist of vested restricted holdings units granted under the 2019 Equity Plan that are exchangeable into shares of common stock of KKR & Co. Inc.; and (vii) third parties in KKR's insurance business including GA Rollover Investors, GA Co-Investors and third party investors in Global Atlantic's consolidated renewable energy entities and certain other entities. Noncontrolling Interests held by KKR Holdings Noncontrolling interests held by KKR Holdings consist of economic interests held by principals indirectly in KKR Group Partnership Units. Such principals receive financial benefits from KKR's business in the form of distributions received from KKR Holdings and through their direct and indirect participation in the value of KKR Group Partnership Units held by KKR Holdings. These financial benefits are not paid by KKR & Co. Inc. and are borne by KKR Holdings. The following tables present the calculation of total noncontrolling interests: For the Year Ended December 31, 2021 Noncontrolling Interests in Consolidated Entities and Other Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 20,570,716 $ 6,512,382 $ 27,083,098 Net income (loss) attributable to noncontrolling interests (1) 4,910,003 2,714,640 7,624,643 Other comprehensive income (loss), net of tax (2) (151,806) (91,595) (243,401) Exchange of KKR Holdings Units to Common Stock (3) — (522,474) (522,474) Equity-based and other non-cash compensation 104,838 161,283 266,121 Capital contributions 14,693,564 25 14,693,589 Capital distributions (7,141,225) (343,395) (7,484,620) Impact of Acquisition (4) 190,405 — 190,405 Changes in consolidation (1,132,796) — (1,132,796) Balance at the end of the period $ 32,043,699 $ 8,430,866 $ 40,474,565 For the Year Ended December 31, 2020 Noncontrolling Interests in Consolidated Entities and Other Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 13,966,250 $ 5,728,634 $ 19,694,884 Net income (loss) attributable to noncontrolling interests (1) 1,907,155 1,207,934 3,115,089 Other comprehensive income (loss), net of tax (2) (4,092) 12,191 8,099 Exchange of KKR Holdings Units to Common Stock (3) — (291,525) (291,525) Equity-based and other non-cash compensation 52,645 80,739 133,384 Capital contributions 9,860,609 98 9,860,707 Capital distributions (4,950,763) (209,776) (5,160,539) Transfer of interests under common control (5) (21,830) 7,445 (14,385) Transfer of Oil and Gas Interests (See Note 2) — (23,358) (23,358) Changes in consolidation (239,258) — (239,258) Balance at the end of the period $ 20,570,716 $ 6,512,382 $ 27,083,098 For the Year Ended December 31, 2019 Noncontrolling Interests in Consolidated Entities Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 10,984,910 $ 4,625,448 $ 15,610,358 Net income (loss) attributable to noncontrolling interests (1) 1,264,820 1,369,671 2,634,491 Other comprehensive income (loss), net of tax (2) (1,803) (537) (2,340) Exchange of KKR Holdings Units to Common Stock (3) — (161,825) (161,825) Equity-based and other non-cash compensation — 91,297 91,297 Capital contributions 4,668,114 1,642 4,669,756 Capital distributions (2,972,914) (197,062) (3,169,976) Changes in consolidation 23,123 — 23,123 Balance at the end of the period $ 13,966,250 $ 5,728,634 $ 19,694,884 (1) Refer to the table below for calculation of net income (loss) attributable to noncontrolling interests held by KKR Holdings. (2) With respect to noncontrolling interests held by KKR Holdings, calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period. (3) Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. Inc. common stock. The exchange agreement with KKR Holdings provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. Inc. common stock. (4) Represents other noncontrolling interests at the GA Acquisition Date. See Note 3 "Acquisition of Global Atlantic." (5) KKR acquired KKR Capstone on January 1, 2020. KKR Capstone was consolidated prior to January 1, 2020 and consequently, this transaction was accounted for as an equity transaction. This transaction resulted in an increase to KKR Group Partnership's equity. Accordingly, both KKR's equity and noncontrolling interests held by KKR Holdings increased for their proportionate share of the KKR Capstone equity based on their ownership in KKR Group Partnership on January 1, 2020. Net income (loss) attributable to each of KKR & Co. Inc. common stockholders, KKR Holdings and holders of other exchangeable securities, with the exception of certain tax assets and liabilities that are directly allocable to KKR & Co. Inc., is attributed based on the percentage of the weighted average KKR Group Partnership Units directly or indirectly held by them. However, primarily because of the (i) contribution of certain expenses borne entirely by KKR Holdings and holders of other exchangeable securities, (ii) the periodic exchange of KKR Holdings units and other exchangeable securities for KKR & Co. Inc. common stock pursuant to the exchange agreement and (iii) the contribution of certain expenses borne entirely by KKR associated with the Equity Incentive Plans, equity allocations shown in the consolidated statement of changes in equity differ from their respective pro rata ownership interests in KKR's net assets. The following table presents net income (loss) attributable to noncontrolling interests held by KKR Holdings: Years Ended December 31, 2021 2020 2019 Net income (loss) $ 12,295,179 $ 5,117,598 $ 4,639,540 (-) Net income (loss) attributable to Redeemable Noncontrolling Interests 4,060 — — (-) Net income (loss) attributable to Noncontrolling Interests in consolidated entities and other 4,910,003 1,907,155 1,264,820 (-) Series A and B Preferred Stock Dividends 36,647 33,364 33,364 (-) Series C Mandatory Convertible Preferred Stock Dividends 69,000 23,191 — (+) Income tax expense (benefit) attributable to KKR & Co. Inc. 1,227,492 545,546 539,466 Net income (loss) attributable to KKR & Co. Inc. $ 8,502,961 $ 3,699,434 $ 3,880,822 Net income (loss) attributable to Noncontrolling Interests held by KKR Holdings $ 2,714,640 $ 1,207,934 $ 1,369,671

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
REDEEMABLE NONCONTROLLING INTERESTS	Dec. 31, 2021
Noncontrolling Interest [Abstract]
REDEEMABLE NONCONTROLLING INTERESTS	REDEEMABLE NONCONTROLLING INTERESTSGlobal Atlantic has redeemable non-controlling interests related to renewable energy entities of approximately $82.5 million as of December 31, 2021 as determined by the HLBV method. The estimated redemption value of redeemable non-controlling interests is calculated as the discounted cash flows subsequent to the expected flip date of the respective renewable energy entity. The flip date represents the date at which the allocation of income and cash flows among the investors in the entity is adjusted, pursuant to the redeemable non-controlling interest investors having achieved an agreed-upon return. The flip date of renewable energy partnerships determines when the redeemable non-controlling interests are eligible to be redeemed. Eligible redemption dates range from 2022 to 2027. For the redeemable non-controlling interests outstanding as of December 31, 2021, the estimated redemption value that would be due at the respective redemption dates is $5.3 million.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Funding Commitments and Others As of December 31, 2021, KKR had unfunded commitments consisting of $11.9 billion to its investment funds. KKR has also agreed for certain of its investment vehicles to fund or otherwise be liable for a portion of their investment losses (up to a maximum of approximately $116 million) and/or to provide them with liquidity upon certain termination events (the maximum amount of which is unknown until the scheduled termination date of the investment vehicle). In addition to these uncalled commitments and funding obligations to KKR's investment funds and vehicles, KKR has entered into contractual commitments primarily with respect to underwriting transactions, debt financing, revolving credit facilities, and syndications in KKR's Capital Markets business line. As of December 31, 2021, these commitments amounted to $1.2 billion. Whether these amounts are actually funded, in whole or in part, depends on the contractual terms of such commitments, including the satisfaction or waiver of any conditions to closing or funding. KKR's capital markets business has arrangements with third parties, which reduce its risk when underwriting certain debt transactions, and thus our unfunded commitments as of December 31, 2021 have been reduced to reflect the amount to be funded by such third parties. In the case of purchases of investments or assets in our Principal Activities business line, the amount to be funded includes amounts that are intended to be syndicated to third parties, and the actual amounts to be funded may be less. Global Atlantic has commitments to purchase or fund investments of $2.0 billion as of December 31, 2021. These commitments include those related to commercial mortgage loans, other lending facilities and other investments. For those commitments that represent a contractual obligation to extend credit, Global Atlantic has recorded a liability of $21.7 million for current expected credit losses as of December 31, 2021. In addition, Global Atlantic has entered into certain forward flow agreements to purchase loans. Global Atlantic's obligations under these agreements are subject to change, curtailment, and cancellation based on various provisions including repricing mechanics, due diligence reviews, and performance or pool quality, among other factors. Global Atlantic has operational servicing agreements with third-party administrators for policy administration over certain fixed-rate annuities, universal life, variable annuity, variable universal life, whole life, and term life policies. Additionally, Global Atlantic is party to a third-party professional services agreement regarding the management of aspects of Global Atlantic’s reinsurance portfolio. Global Atlantic leases office space for its operations. As of December 31, 2021, purchase commitments under agreements with third-party administrators and other service providers and lease commitments were as follows: 2022 $ 38,150 2023 29,864 2024 24,598 2025 14,141 2026 12,893 Thereafter 85,638 Total $ 205,284 Non-cancelable Operating Leases KKR's non-cancelable operating leases consist of leases of office space around the world. There are no material rent holidays, contingent rent, rent concessions or leasehold improvement incentives associated with any of these property leases. In addition to base rentals, certain lease agreements are subject to escalation provisions and rent expense is recognized on a straight‑line basis over the term of the lease agreement. As of December 31, 2021, the approximate aggregate future lease payments required on the asset management operating leases are as follows: 2022 $ 31,624 2023 33,073 2024 27,942 2025 25,351 2026 20,517 Thereafter 107,131 Total lease payments required 245,638 Less: Imputed Interest 14,643 Total operating lease liabilities $ 230,995 Global Atlantic also enters into land leases for its consolidated investments in renewable energy. As of December 31, 2021, the approximate aggregate future lease payments required on the Global Atlantic operating leases are as follows: 2022 $ 14,146 2023 14,039 2024 14,127 2025 14,003 2026 14,174 Thereafter 271,048 Total lease payments required 341,537 Less: Imputed Interest 160,963 Total operating lease liabilities $ 180,574 Contingent Repayment Guarantees The partnership documents governing KKR's carry-paying investment funds and vehicles generally include a "clawback" provision that, if triggered, may give rise to a contingent obligation requiring the general partner to return amounts to the fund for distribution to the fund investors at the end of the life of the fund. Under a clawback obligation, upon the liquidation of a fund, the general partner is required to return, typically on an after-tax basis, previously distributed carry to the extent that, due to the diminished performance of later investments, the aggregate amount of carry distributions received by the general partner during the term of the fund exceed the amount to which the general partner was ultimately entitled, including the effects of any performance thresholds. As of December 31, 2021, approximately $76.0 million of carried interest was subject to this clawback obligation, assuming that all applicable carry-paying funds and their alternative investment vehicles were liquidated at their December 31, 2021 fair values. Although KKR would be required to remit the entire amount to fund investors that are entitled to receive the clawback payment, KKR would be entitled to seek reimbursement of approximately $30.0 million of that amount from KKR Associates Holdings L.P., which is not a KKR subsidiary. As of December 31, 2021, KKR Associates Holdings L.P. had access to cash reserves sufficient to reimburse the full $30.0 million that would be due to KKR. If the investments in all carrying-paying funds were to be liquidated at zero value the clawback obligation would have been approximately $2.5 billion, and KKR would be entitled to seek reimbursement of approximately $1.0 billion of that amount from KKR Associates Holdings L.P. KKR will acquire control of KKR Associates Holdings L.P. when a subsidiary of KKR becomes its general partner upon the closing of the transactions contemplated to occur on the Sunset Date (as defined in the Reorganization Agreement), which is scheduled to occur not later than December 31, 2026, subject to the closing of the mergers contemplated by the Reorganization Agreement and the satisfaction of the other conditions to closing. Carried interest is recognized in the consolidated statements of operations based on the contractual conditions set forth in the agreements governing the fund as if the fund were terminated and liquidated at the reporting date and the fund's investments were realized at the then estimated fair values. Amounts earned pursuant to carried interest are earned by the general partner of those funds to the extent that cumulative investment returns are positive and where applicable, preferred return thresholds have been met. If these investment amounts earned decrease or turn negative in subsequent periods, recognized carried interest will be reversed and to the extent that the aggregate amount of carry distributions received by the general partner during the term of the fund exceed the amount to which the general partner was ultimately entitled, a clawback obligation would be recorded. For funds that are consolidated, this clawback obligation, if any, is reflected as an increase in noncontrolling interests in the consolidated statements of financial condition. For funds that are not consolidated, this clawback obligation, if any, is reflected as a reduction of KKR's investment balance as this is where carried interest is initially recorded. Indemnifications and Other Guarantees KKR may incur contingent liabilities for claims that may be made against it in the future. KKR enters into contracts that contain a variety of representations, warranties and covenants, including indemnifications. For example, KKR (including KFN) and certain of KKR's investment funds have provided and provide certain indemnities relating to environmental and other matters and have provided and provide non-recourse carve-out guarantees for fraud, willful misconduct and other customary wrongful acts, each in connection with the financing of KKR's corporate real estate and certain real estate investments and for certain investment vehicles that KKR manages. KKR's maximum exposure under these arrangements is currently unknown and KKR's liabilities for these matters would require a claim to be made against KKR in the future. KKR provides credit support to certain of its subsidiaries' obligations in connection with a limited number of investment vehicles that KKR manages. For example, KKR has guaranteed the obligations of a general partner to post collateral on behalf of its investment vehicle in connection with such vehicle's derivative transactions. KKR also (i) provides credit support regarding repayment and funding obligations to third-party lenders to certain of its employees, excluding its executive officers, in connection with their personal investments in KKR investment funds and in an investment vehicle that includes third party investors and invests in KKR funds and alongside KKR funds and (ii) provides credit support to a hedge fund partnership. KKR is not a guarantor for any borrowings, credit facilities or debt securities of its Indian debt financing company. KKR may also become liable for certain fees payable to sellers of businesses or assets if a transaction does not close, subject to certain conditions, if any, specified in the acquisition agreements for such businesses or assets. The Global Atlantic business was formerly owned by The Goldman Sachs Group, Inc. (together with its subsidiaries, "Goldman Sachs"). In connection with the separation of Global Atlantic from Goldman Sachs in 2013, Global Atlantic entered into a tax benefit payment agreement with Goldman Sachs. Under the tax benefit payment agreement, GA FinCo is obligated to make annual payments out of available cash, guaranteed by GAFG, to Goldman Sachs over an approximately 25-year period totaling $214 million. As of December 31, 2021, the present value of the remaining amount to be paid is $74 million. Although these payments are subordinated and deferrable, deferral of these payments would result in restrictions on distributions by GA FinCo and GAFG. In lieu of funding certain investments in loan facilities to third party borrowers in cash, Global Atlantic has arranged or participated in letters of credit issued by third-party banks on behalf of the borrowers in the amount of $39.7 million, as of December 31, 2021, with expiration dates between March 2022 to December 2024. Global Atlantic has available lines of credit that would allow for additional letters of credit to be issued on behalf of certain borrowers, up to $225.3 million, as of December 31, 2021. For accounting purposes, these letters of credit are considered guarantees of certain obligations of the borrowers. If a letter of credit were drawn, Global Atlantic would be obligated to repay the issuing third-party bank, and Global Atlantic would recognize a loan receivable from the borrowers on the consolidated statements of financial condition. Global Atlantic monitors the likelihood of these letters of credit being drawn, and any related contingent obligation. As of December 31, 2021, the expected credit loss on the contingent liability associated with these letters of credit was not material. Litigation From time to time, KKR (including Global Atlantic) is involved in various legal proceedings, lawsuits, arbitration and claims incidental to the conduct of KKR's businesses. KKR's asset management and insurance businesses are also subject to extensive regulation, which may result in regulatory proceedings against them. In December 2017, KKR & Co. L.P. (which is now KKR & Co. Inc.) and its Co-Chief Executive Officers were named as defendants in a lawsuit filed in Kentucky state court alleging, among other things, the violation of fiduciary and other duties in connection with certain separately managed accounts that Prisma Capital Partners LP, a former subsidiary of KKR, manages for the Kentucky Retirement Systems. Also named as defendants in the lawsuit are certain current and former trustees and officers of the Kentucky Retirement Systems, Prisma Capital Partners LP, and various other service providers to the Kentucky Retirement Systems and their related persons. KKR and other defendants’ motions to dismiss were denied by the trial court in November 2018, but in April 2019 the Kentucky Court of Appeals vacated the trial court's opinion and order denying the motions to dismiss the case for lack of standing. The decision of the Court of Appeals was appealed by plaintiffs to the Supreme Court of Kentucky. On July 9, 2020, the Supreme Court of Kentucky reversed the trial court's order and remanded the case to the trial court with direction to dismiss the complaint for lack of constitutional standing. On July 20, 2020, the Office of the Attorney General, on behalf of the Commonwealth of Kentucky, filed a motion to intervene as a plaintiff in the lawsuit and on July 21, 2020 filed a new lawsuit in the same Kentucky trial court making essentially the same allegations against the defendants, including KKR & Co. Inc. and Messrs. Kravis and Roberts. On July 29, 2020, certain private plaintiffs in the original lawsuit filed a motion to further amend their original complaint and to add new plaintiffs. On July 30, 2020, KKR and other defendants filed objections to the Attorney General’s motion to intervene. On December 28, 2020, the trial court dismissed the complaint filed by the original plaintiffs and denied their motion to amend their original complaint and add new plaintiffs, but granted the Office of the Attorney General’s motion to intervene. In January 2021, some of the attorneys for the private plaintiffs in the original lawsuit filed a new lawsuit, and a motion to intervene in the original lawsuit, on behalf of a new set of plaintiffs, who claim to be "Tier 3" members of Kentucky Retirement Systems, alleging substantially the same allegations as in the original lawsuit. The motion to intervene in the original lawsuit was denied. These "Tier 3" plaintiffs appealed the denial of their motion to intervene but then voluntarily dismissed their appeal on January 31, 2022. In addition, the Kentucky Retirement Systems had commissioned an investigation into certain matters alleged in the Attorney General's complaint. The trial court ordered that this investigation be completed by May 17, 2021, and the Attorney General was permitted to amend its complaint after reviewing the investigation's report within ten days of the Attorney General's receipt of it. On May 24, 2021, the Attorney General filed a First Amended Complaint on behalf of the Commonwealth of Kentucky. This complaint continues to name KKR & Co. L.P. and its Co-Chief Executive Officers, as defendants, and makes similar allegations against them. KKR and the other defendants moved to dismiss the First Amended Complaint on July 30, 2021. The court held oral argument on these motions to dismiss on December 14, 2021. On July 9, 2021, the individual plaintiffs served an amended complaint, which purports to assert, on behalf of a class of beneficiaries of Kentucky Retirement Systems, direct claims for breach of fiduciary duty and civil violations under the Racketeer Influenced and Corrupt Organizations Act ("RICO"). This complaint was removed to the U.S. District Court for the Eastern District of Kentucky. On August 20, 2021, the same and other individual plaintiffs filed a second complaint in Kentucky state court, purportedly on behalf of Kentucky Retirement Systems' funds, alleging the same claims against KKR & Co. Inc. and Messrs. Kravis and Roberts as in the July 9 th amended complaint but without the RICO or class action allegations. KKR and the other defendants have moved to dismiss the August 20th complaint. KKR (including Global Atlantic) currently is and expects to continue to become, from time to time, subject to examinations, inquiries and investigations by various U.S. and non-U.S. governmental and regulatory agencies, including but not limited to the SEC, Department of Justice, U.S. state attorney generals, Financial Industry Regulatory Authority ("FINRA"), the U.K. Financial Conduct Authority, Central Bank of Ireland, Monetary Authority of Singapore, U.S. state insurance regulatory authorities, and the Bermuda Monetary Authority. Such examinations, inquiries and investigations may result in the commencement of civil, criminal or administrative proceedings or fines against KKR or its personnel. Moreover, in the ordinary course of business, KKR (including Global Atlantic) is and can be both the defendant and the plaintiff in numerous lawsuits with respect to acquisitions, bankruptcy, insolvency and other events. Such lawsuits may involve claims that adversely affect the value of certain investments owned by KKR's funds and Global Atlantic's insurance companies. KKR establishes an accrued liability for legal proceedings only when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. No loss contingency is recorded for matters where such losses are either not probable or reasonably estimable (or both) at the time of determination. Such matters may be subject to many uncertainties, including among others: (i) the proceedings may be in early stages; (ii) damages sought may be unspecified, unsupportable, unexplained or uncertain; (iii) discovery may not have been started or is incomplete; (iv) there may be uncertainty as to the outcome of pending appeals or motions; (v) there may be significant factual issues to be resolved or (vi) there may be novel legal issues or unsettled legal theories to be presented or a large number of parties. Consequently, management is unable to estimate a range of potential loss, if any, related to these matters. In addition, loss contingencies may be, in part or in whole, subject to insurance or other payments such as contributions and/or indemnity, which may reduce any ultimate loss. KKR has included in its financial statements the reserve for regulatory, litigation and related matters that Global Atlantic includes in its financial statements, including with respect to matters arising from the conversion of life insurance policies from systems previously managed by Athene Holdings Limited to the platform of one of Global Atlantic's third party service providers, Alliance-One, a subsidiary of DXC Technology Company. It is not possible to predict the ultimate outcome of all pending legal proceedings, and some of the matters discussed above seek or may seek potentially large and/or indeterminate amounts. Based on information known by management, management has not concluded that the final resolutions of the matters above will have a material effect upon the financial statements. However, given the potentially large and/or indeterminate amounts sought or may be sought in certain of these matters and the inherent unpredictability of investigations and litigations, it is possible that an adverse outcome in certain matters could, from time to time, have a material effect on KKR's financial results in any particular period. Other Financing Arrangements Global Atlantic has financing arrangements with unaffiliated third parties to support the reserves of its affiliated captive reinsurers. Total fee expensed associated with these financing arrangements was $16.4 million for the year ended December 31, 2021 and is included in insurance expenses in the consolidated statements of operations. As of December 31, 2021, the total capacity of the financing arrangements with third parties was $2.0 billion. Other than the matters disclosed above, there were no outstanding or unpaid balances from the financing arrangements with unaffiliated third parties as of December 31, 2021.

CAPITAL AND REGULATORY REQUIREM

CAPITAL AND REGULATORY REQUIREMENTS	12 Months Ended
CAPITAL AND REGULATORY REQUIREMENTS	Dec. 31, 2021
CAPITAL AND REGULATORY REQUIREMENTS
CAPITAL AND REGULATORY REQUIREMENTS	CAPITAL & REGULATORY REQUIREMENTS Insurance subsidiary capital requirements All of Global Atlantic's insurance subsidiaries are subject to minimum capital and surplus requirements. Insurance companies typically operate in excess of such requirements. Failure to maintain such minimum capital will result in regulatory actions, including in certain circumstances regulatory takeover of the insurance company. In the United States, Global Atlantic's insurance subsidiaries are subject to risk based capital ("RBC") standards and other minimum capital and surplus requirements imposed by state laws. The RBC formula is intended to measure the adequacy of the insurance company’s statutory surplus in relation to the risks inherent in its business. The RBC formula requires higher surplus in relation to items deemed to have higher risk. Regulatory action is triggered beginning at 200% RBC and below. Global Atlantic's Bermuda insurance subsidiaries are subject to Bermuda Solvency Capital Requirements ("BSCR") standards and other minimum capital and surplus requirements imposed by the BMA. The BMA expects that insurers operate at or above a BSCR ratio of at least 120%. Each of Global Atlantic’s insurance subsidiaries exceeded the minimum requirements that would trigger regulatory action for all periods presented in this report. Insurance subsidiary dividend restrictions Payments of dividends by Global Atlantic's U.S. and Bermuda-domiciled insurance subsidiaries are restricted by insurance statutes and regulations. Global Atlantic's ability to pay dividends out of its U.S.-domiciled insurance companies is limited to the dividend paying capacity of its indirect insurance subsidiary, Commonwealth Annuity and Life Insurance Company. Without prior regulatory approval, and subject to maintaining certain solvency requirements, Global Atlantic's U.S. and Bermuda insurance subsidiaries, may declare ordinary dividends during 2022, as follows: Ordinary dividend capacity ($ in thousands) U.S. domiciled Commonwealth Annuity and Life Insurance Company $ 336,393 Bermuda domiciled Global Atlantic Re Limited (1) $ 662,937 Global Atlantic Assurance Limited 283,798 _________________ (1) Dividends paid by Global Atlantic Re Limited may be subject to a 30% U.S. withholding tax. Shareholders’ equity of Commonwealth Annuity and Life Insurance Company determined pursuant to statutory accounting rules was approximately $3.8 billion as of December 31, 2021. Statutory surplus computed under those methodologies differ from equity reported in accordance with U.S. GAAP primarily because fixed maturity securities are required to be carried at cost or amortized cost, policy acquisition costs are expensed when incurred and asset valuation and interest maintenance reserves are required to be held. Life insurance reserves are calculated based upon different assumptions and the recognition of deferred tax assets is based on different recoverability assumptions.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Common Stock Dividend A dividend of $0.145 per share of common stock of KKR & Co. Inc. was announced on February 8, 2022, and will be paid on March 4, 2022 to common stockholders of record as of the close of business on February 18, 2022. KKR Holdings will receive its pro rata share of the distribution from KKR Group Partnership. Additionally, beginning with the dividend to be announced with the results for the quarter ending March 31, 2022, KKR intends to increase its regular annualized dividend per share of common stock from $0.58 to $0.62. Preferred Stock Dividends A dividend of $0.75 per share of Series C Mandatory Convertible Preferred Stock has been declared as announced on February 8, 2022 and set aside for payment on March 15, 2022 to holders of record of Series C Mandatory Convertible Preferred Stock as of the close of business on March 1, 2022.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS Valuation Allowance for Deferred Tax Assets (in thousands) Asset Management Balance at Beginning of Period Tax Valuation Allowance Charged to Income Tax Provision Tax Valuation Allowance Credited to Income Tax Provision Balance at End of Period Year Ended: December 31, 2019 $ — $ — $ — $ — December 31, 2020 $ — $ 23,082 (1) $ — $ 23,082 December 31, 2021 $ 23,082 $ — $ — $ 23,082 (1) A valuation allowance has been recorded for deferred tax assets related to foreign loss carryforwards that are not considered to be more likely than not realized prior to their expiration. Insurance Year Ended December 31, 2021 Additions Balance at Beginning of Period Charged to costs and expenses Assumed Deductions Balance at End of Period Reserves deducted from assets to which they apply: Credit loss allowance on available-for-sale securities $ 120,895 $ (25,316) $ 10,854 $ (18,300) $ 88,133 Credit loss allowance on loans 120,259 252,979 1,636 (797) 374,077 Credit loss allowance on unfunded commitments — 21,675 — — 21,675 Credit loss allowance on reinsurance recoverables — 8,386 — — 8,386

SCHEDULE IV - REINSURANCE

SCHEDULE IV - REINSURANCE	12 Months Ended
SCHEDULE IV - REINSURANCE	Dec. 31, 2021
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
SCHEDULE IV - REINSURANCE	SCHEDULE IV—REINSURANCE As of December 31, 2021 Gross Amount Ceded to Other Companies Assumed from Other Companies Net Amount Percentage of Amount Assumed to Net ($ in thousands) Life insurance in-force $ 98,911,475 $ (53,299,613) $ 16,762,152 $ 62,374,014 27 % Premiums and other considerations: Premiums $ 107,733 $ (2,455,580) $ 4,573,925 $ 2,226,078 205 % Policy fees $ 860,170 $ (1,127) $ 288,870 $ 1,147,913 25 %

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements (referred to hereafter as the "financial statements") have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). KKR consolidates the financial results of KKR Group Partnership and its consolidated entities, which include the accounts of KKR's investment management and capital markets companies, the general partners of certain unconsolidated investment funds, general partners of consolidated investment funds and their respective consolidated investment funds, Global Atlantic’s insurance companies and certain other entities including CFEs. References in the accompanying financial statements to "principals" are to KKR's current and former employees who hold interests in KKR's business through KKR Holdings. References to Global Atlantic hereafter includes the insurance companies of Global Atlantic, which are consolidated by KKR starting on the GA Acquisition Date (refer to Note 3 "Acquisition of Global Atlantic" for additional information on the transaction). The presentations in the consolidated statement of financial condition and consolidated statement of operations reflect the significant industry diversification of KKR by its acquisition of Global Atlantic. Global Atlantic operates an insurance business, and KKR operates an asset management business, each of which possess distinct characteristics. As a result, KKR developed a two-tiered approach for the financial statements presentation, where Global Atlantic's insurance operations are presented separately from KKR's asset management business. KKR believes that these separate presentations provide a more informative view of the consolidated financial position and results of operations than traditional aggregated presentations and that reporting Global Atlantic’s insurance operations separately is appropriate given, among other factors, the relative significance of Global Atlantic’s policy liabilities, which are not obligations of KKR (other than the insurance companies that issued them). If a traditional aggregate presentation were to be used, KKR would expect to eliminate or combine several identical or similar captions, which would condense the presentations, but would also reduce the level of information presented. KKR also believes that using a traditional aggregate presentation would result in no new line items compared to the two-tier presentation included in the financial statements in this report . In addition, in connection with the Global Atlantic acquisition, we organized our business into two segments: Asset Management and Insurance. Global Atlantic’s operations constitute the Insurance segment. See Note 21 "Segment Reporting." The summary of the significant accounting policies has been organized considering the two-tiered approach and includes a section for common accounting policies and an accounting policy section for each of the two tiers when a policy is specific to one of the tiers. In the ordinary course of business, KKR’s Asset Management business and Global Atlantic enter into transactions with each other, which may include transactions pursuant to their investment management agreements and financing arrangements. The borrowings from these financing arrangements are non-recourse to KKR. All the investment management and financing arrangements between KKR and Global Atlantic are eliminated in consolidation; however, KKR's allocated share of the net income from the consolidation of Global Atlantic is increased by the amount of fees earned from and decreased by the amount of interest expense incurred from noncontrolling interest holders in Global Atlantic. Accordingly, the elimination of these fees and interest impacts the net income (loss) attributable to KKR and KKR stockholders' equity for the pro-rata ownership of the noncontrolling interests in Global Atlantic. All intercompany transactions and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses, and investment income (loss) during the reporting periods. Such estimates include but are not limited to (i) the valuation of investments and financial instruments, (ii) the determination of the income tax provision, (iii) the impairment of goodwill and intangible assets, (iv) the impairment of available-for-sale investments, (v) the valuation of insurance policy liabilities, (vi) the valuation of embedded derivatives, (vii) the determination of the allowance for loan losses, and (viii) amortization of deferred revenues and expenses associated with the insurance business. Actual results could differ from those estimates, and such differences could be material to the financial statements.
Principles of Consolidation	Principles of Consolidation The types of entities KKR assesses for consolidation include (i) subsidiaries, including management companies, broker-dealers and general partners of investment funds that KKR manages, (ii) entities that have the attributes of an investment company, like investment funds, (iii) CFEs, (iv) Global Atlantic and its insurance companies beginning on February 1, 2021, and (v) other entities. Each of these entities is assessed for consolidation on a case by case basis depending on the specific facts and circumstances surrounding that entity. For further information on the acquisition accounting for Global Atlantic see Note 3 "Acquisition of Global Atlantic". Pursuant to its consolidation policy, KKR first considers whether an entity is considered a VIE and therefore whether to apply the consolidation guidance under the VIE model. Entities that do not qualify as VIEs are assessed for consolidation as voting interest entities ("VOEs") under the voting interest model. KKR's funds are, for GAAP purposes, investment companies and therefore are not required to consolidate their investments in portfolio companies even if majority-owned and controlled. Rather, the consolidated funds and vehicles reflect their investments at fair value as described below in "Fair Value Measurements." An entity in which KKR holds a variable interest is a VIE if any one of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the legal entity to finance its activities without additional subordinated financial support, (b) the holders of the equity investment at risk (as a group) lack either the direct or indirect ability through voting rights or similar rights to make decisions about a legal entity's activities that have a significant effect on the success of the legal entity or the obligation to absorb the expected losses or right to receive the expected residual returns, or (c) the voting rights of some investors are disproportionate to their obligation to absorb the expected losses of the legal entity, their rights to receive the expected residual returns of the legal entity, or both and substantially all of the legal entity's activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Limited partnerships and other similar entities where unaffiliated limited partners have not been granted (i) substantive participatory rights or (ii) substantive rights to either dissolve the partnership or remove the general partner ("kick-out rights") are VIEs. KKR's investment funds that are not CFEs (i) are generally limited partnerships, (ii) generally provide KKR with operational discretion and control, and (iii) generally have fund investors with no substantive rights to impact ongoing governance and operating activities of the fund, including the ability to remove the general partner, and, as such, the limited partners do not have kick-out rights. Accordingly, most of KKR's investment funds are categorized as VIEs. KKR consolidates all VIEs in which it is the primary beneficiary. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in a VIE. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the VIE's economic performance and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The consolidation guidance requires an analysis to determine (i) whether an entity in which KKR holds a variable interest is a VIE and (ii) whether KKR's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (for example, management and performance income), would give it a controlling financial interest. Performance of that analysis requires the exercise of judgment. Fees earned by KKR that are customary and commensurate with the level of effort required to provide those services, and where KKR does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, would not be considered to be variable interests. KKR factors in all economic interests including interests held through related parties, to determine if it holds a variable interest. KKR determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion when facts and circumstances change. For entities that are determined not to be VIEs, these entities are generally considered VOEs and are evaluated under the voting interest model. KKR consolidates VOEs it controls through a majority voting interest or through other means. The consolidation assessment, including the determination as to whether an entity qualifies as a VIE or VOE, depends on the facts and circumstances for each entity, and therefore certain of KKR's investment funds may qualify as VIEs whereas others may qualify as VOEs. With respect to CLOs (which are generally VIEs), in KKR's role as collateral manager, KKR generally has the power to direct the activities of the CLO that most significantly impact the economic performance of the entity. In some, but not all cases, KKR, through its residual interest in the CLO may have variable interests that represent an obligation to absorb losses of, or a right to receive benefits from, the CLO that could potentially be significant to the CLO. In cases where KKR has both the power to direct the activities of the CLO that most significantly impact the CLO's economic performance and the obligation to absorb losses of the CLO or the right to receive benefits from the CLO that could potentially be significant to the CLO, KKR is deemed to be the primary beneficiary and consolidates the CLO. In the first quarter of 2021, KKR invested approximately $20 million in the sponsor shareholder of KKR Acquisition Holdings I Corp., a special purpose acquisition company ("SPAC"). The sponsor shareholder is a limited liability company whose only assets are equity securities of the SPAC. The investors in the sponsor shareholder are KKR and an unaffiliated investor. KKR is not the managing member of the sponsor shareholder, and KKR does not have the sole power to direct the activities that most significantly impact the sponsor shareholder. As such, KKR treats its investment in the sponsor shareholder as an equity method investment. In the fourth quarter of 2021, as a result of the consummation of an all-primary equity offering by KREF, KKR no longer owns at least 25% of the outstanding shares of KREF common stock and, as a result, the previous right to have voting power equal to a majority of votes to cast in an election of directors pursuant to the share of special voting preferred stock held by it, as well as its right to nominate at least half of the directors to KREF’s board of directors pursuant to the stock holders agreement between KREF and certain of its stockholders, terminated as of November 1, 2021. As a result of these actions, KKR no longer holds a controlling financial interest in KREF. Upon deconsolidation of KREF, KKR recognized a gain of $54 million, which is included in Net Gains (Losses) from Investment Activities. KKR will retain an equity method investment in KREF, for which the fair value option was elected and which is classified as Level I in the fair value hierarchy. Global Atlantic has formed certain VIEs to hold investments, including investments in transportation, renewable energy, consumer and other loans and fixed maturity securities. These VIEs issue beneficial interests primarily to Global Atlantic’s insurance companies, and Global Atlantic maintains the power to direct the activities of the VIEs that most significantly impact their economic performance and bears the obligation to absorb losses or receive benefits from the VIEs that could potentially be significant. Accordingly, Global Atlantic is the primary beneficiary of these VIEs, which are consolidated in Global Atlantic’s results. For certain consolidated renewable energy partnerships consolidated by Global Atlantic's insurance companies, Global Atlantic uses a hypothetical liquidation at book value method ("HLBV") to allocate income and cash flows based on third-party investors’ claim to net assets, including those for the noncontrolling interests and redeemable noncontrolling interests. KKR classifies certain noncontrolling interests with redemption features that are not solely within the control of KKR outside of permanent equity on its consolidated statements of financial condition. These redeemable non-controlling interests are reported using the greater of the carrying value at each reporting date as determined by the HLBV method or the estimated redemption value in each reporting period.
Cash and Cash Equivalents	Cash and Cash Equivalents Generally KKR considers all liquid short‑term investments with original maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents includes cash held at consolidated entities, which represents cash that, although not legally restricted, is not available generally to fund liquidity needs of KKR, as the use of such funds is generally limited to the investment activities of KKR's investment funds and CFEs. In prior periods, those amounts were classified in a separate line " Cash and Cash Equivalents Held at Consolidated Entities " on the statement of financial condition, and the comparable information have been recasted to current presentation. The carrying values of cash and cash equivalents are considered to be reasonable estimates of their fair values.
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents Restricted cash and cash equivalents primarily represent amounts that are held by third parties under certain of KKR's financing and derivative transactions. The duration of this restricted cash generally matches the duration of the related financing or derivative transaction. Global Atlantic’s restricted cash principally includes certain cash and cash equivalents held in trusts formed for the benefit of ceding companies or held in connection with open derivative transactions. The carrying values of restricted cash and cash equivalents are considered to be reasonable estimates of their fair values.
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation techniques are applied. These valuation techniques involve varying levels of management estimation and judgment, the degree of which is dependent on a variety of factors. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Investments and financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: Level I - Pricing inputs are unadjusted, quoted prices in active markets for identical assets or liabilities as of the measurement date. The types of financial instruments included in this category are publicly-listed equities, U.S. government and agencies securities, and securities sold short. Level II - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the measurement date, and fair value is determined through the use of models or other valuation methodologies. The types of financial instruments included in this category are credit investments, fixed-income securities held by consolidated insurance companies, investments and debt obligations of consolidated CLO entities, convertible debt securities indexed to publicly-listed securities, less liquid and restricted equity securities, certain funds withheld payable at interest, and certain over-the-counter derivatives such as foreign currency option and forward contracts. Level III - Pricing inputs are unobservable for the financial instruments and include situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value require significant management judgment or estimation. The types of financial instruments generally included in this category are private portfolio companies, real assets investments, certain credit investments, equity method investments for which the fair value option was elected, certain fixed-income and structured securities held by the consolidated insurance subsidiaries, reinsurance recoverables carried at fair value, certain insurance policy liabilities carried at fair value, and certain embedded derivatives related to (i) certain funds withheld payable at interest, and (ii) annuities and indexed universal life products, which contain equity-indexed features. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. KKR's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset. A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and a significant adjustment to the transactions or quoted prices may be necessary to estimate fair value. The availability of observable inputs can vary depending on the financial asset or liability and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument has recently been issued, whether the instrument is traded on an active exchange or in the secondary market, and current market conditions. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires additional judgment. Accordingly, the degree of judgment exercised by KKR in determining fair value is greatest for instruments categorized in Level III. The variability and availability of the observable inputs affected by the factors described above may cause transfers between Levels I, II, and III, which KKR recognizes at the beginning of the reporting period. Investments and other financial instruments that have readily observable market prices (such as those traded on a securities exchange) are stated at the last quoted sales price as of the reporting date. KKR does not adjust the quoted price for these investments, even in situations where KKR holds a large position and a sale could reasonably affect the quoted price. Management's determination of fair value is based upon the methodologies and processes described below and may incorporate assumptions that are management's best estimates after consideration of a variety of internal and external factors. Level II Valuation Methodologies Credit Investments, U.S. Municipal Securities, Corporate Bonds and Structured Securities: These financial instruments generally have bid and ask prices that can be observed in the marketplace. Bid prices reflect the highest price that KKR and others are willing to pay for an instrument. Ask prices represent the lowest price that KKR and others are willing to accept for an instrument. For financial instruments whose inputs are based on bid-ask prices obtained from third party pricing services, fair value may not always be a predetermined point in the bid-ask range. KKR's policy is generally to allow for mid-market pricing and adjusting to the point within the bid-ask range that meets KKR's best estimate of fair value. KKR may also use model-derived valuations whose inputs are observable or whose significant value drivers are observable. Investments and Debt Obligations of Consolidated CLO Vehicles: Investments of consolidated CLO vehicles are reported within Investments of Consolidated CFEs and are valued using the same valuation methodology as described above for credit investments. Under ASU 2014-13, KKR measures CLO debt obligations on the basis of the fair value of the financial assets of the CLO. Securities Indexed to Publicly-Listed Securities: These securities are typically valued using standard convertible security pricing models. The key inputs into these models that require some amount of judgment are the credit spreads utilized and the volatility assumed. To the extent the company being valued has other outstanding debt securities that are publicly-traded, the implied credit spread on the company's other outstanding debt securities would be utilized in the valuation. To the extent the company being valued does not have other outstanding debt securities that are publicly-traded, the credit spread will be estimated based on the implied credit spreads observed in comparable publicly-traded debt securities. In certain cases, an additional spread will be added to reflect an illiquidity discount due to the fact that the security being valued is not publicly-traded. The volatility assumption is based upon the historically observed volatility of the underlying equity security into which the convertible debt security is convertible and/or the volatility implied by the prices of options on the underlying equity security. Equity Securities: The valuation of certain equity securities is based on (i) an observable price for an identical security adjusted for the effect of a restriction or leverage that collateralized the equity securities and (ii) quoted prices for identical or similar instruments in markets that are not active. Derivatives: The valuation incorporates observable inputs comprising yield curves, foreign currency rates, interest rate volatility and credit spreads. Level III Valuation Methodologies Private Equity Investments: KKR generally employs two valuation methodologies when determining the fair value of a private equity investment. The first methodology is typically a market comparables analysis that considers key financial inputs, which may take into account recent public and private transactions and other available measures. The second methodology utilized is typically a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. The results of the discounted cash flow approach can be significantly impacted by these estimates. Other inputs are also used in both methodologies. In addition, when a definitive agreement has been executed to sell an investment, KKR generally considers a significant determinant of fair value to be the consideration to be received by KKR pursuant to the executed definitive agreement. Upon completion of the valuations conducted using these methodologies, a weighting is ascribed to each method, and an illiquidity discount is typically applied where appropriate. The ultimate fair value recorded for a particular investment will generally be within a range suggested by the two methodologies, except that the value may be higher or lower than such range in the case of investments being sold pursuant to an executed definitive agreement. When determining the weighting ascribed to each valuation methodology, KKR considers, among other factors, the availability of direct market comparables, the applicability of a discounted cash flow analysis, the expected hold period and manner of realization for the investment, and in the case of investments being sold pursuant to an executed definitive agreement, an estimated probability of such sale being completed. These factors can result in different weightings among investments in the portfolio and in certain instances may result in up to a 100% weighting to a single methodology. When an illiquidity discount is to be applied, KKR seeks to take a uniform approach across its portfolio and generally applies a minimum 5% discount to all private equity investments. KKR then evaluates such private equity investments to determine if factors exist that could make it more challenging to monetize the investment and, therefore, justify applying a higher illiquidity discount. These factors generally include (i) whether KKR is unable to freely sell the portfolio company or conduct an initial public offering of the portfolio company due to the consent rights of a third party or similar factors, (ii) whether the portfolio company is undergoing significant restructuring activity or similar factors, and (iii) characteristics about the portfolio company regarding its size and/or whether the portfolio company is experiencing, or expected to experience, a significant decline in earnings. These factors generally make it less likely that a portfolio company would be sold or publicly offered in the near term at a price indicated by using just a market multiples and/or discounted cash flow analysis, and these factors tend to reduce the number of opportunities to sell an investment and/or increase the time horizon over which an investment may be monetized. Depending on the applicability of these factors, KKR determines the amount of any incremental illiquidity discount to be applied above the 5% minimum, and during the time KKR holds the investment, the illiquidity discount may be increased or decreased, from time to time, based on changes to these factors. The amount of illiquidity discount applied at any time requires considerable judgment about what a market participant would consider and is based on the facts and circumstances of each individual investment. Accordingly, the illiquidity discount ultimately considered by a market participant upon the realization of any investment may be higher or lower than that estimated by KKR in its valuations. In the case of growth equity investments, enterprise values may be determined using the market comparables analysis and discounted cash flow analysis described above. A scenario analysis may also be conducted to subject the estimated enterprise values to a downside, base and upside case, which involves significant assumptions and judgments. A milestone analysis may also be conducted to assess the current level of progress towards value drivers that we have determined to be important, which involves significant assumptions and judgments. The enterprise value in each case may then be allocated across the investment's capital structure to reflect the terms of the security and subjected to probability weightings. In certain cases, the values of growth equity investments may be based on recent or expected financings or other transactions. Real Asset Investments: Real asset investments in infrastructure, energy and real estate are valued using one or a combination of the discounted cash flow analysis, market comparables analysis and direct income capitalization methods, which in each case incorporates significant assumptions and judgments. Infrastructure investments are generally valued using the discounted cash flow analysis. Key inputs used in this methodology can include the weighted average cost of capital and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. Energy investments are generally valued using a discounted cash flow approach, and where applicable, a market approach using comparable companies and transactions. Key inputs used in our valuations include (i) the weighted average cost of capital, (ii) future commodity prices, as quoted on indices, and long-term commodity price forecasts, and (iii) the asset’s projected future operating performance. Real estate investments are generally valued using a combination of direct income capitalization and discounted cash flow analysis. Certain real estate investments are valued by KKR based on ranges of valuations determined by independent valuation firms. Key inputs used in such methodologies that require estimates include an unlevered discount rate and current capitalization rate. The valuations of real assets investments also use other inputs. Credit Investments: Credit investments are valued using values obtained from dealers or market makers, and where these values are not available, credit investments are generally valued by KKR based on ranges of valuations determined by an independent valuation firm. Valuation models are based on discounted cash flow analyses, for which the key inputs are determined based on market comparables, which incorporate similar instruments from similar issuers. Real Estate Mortgage Loans: Real estate mortgage loans are illiquid, structured investments that are specific to the property and its operating performance. KKR engages an independent valuation firm to estimate the fair value of each loan. KKR reviews the quarterly loan valuation estimates provided by the independent valuation firm. These loans are generally valued using a discounted cash flow model using discount rates derived from observable market data applied to the capital structure of the respective sponsor and estimated property value. Other Investments: With respect to other investments including equity method investments, KKR generally employs the same valuation methodologies as described above for private equity, credit investments and real assets investments when valuing these other investments. Funds withheld at interest: The funds withheld receivables and payables at interest carried at fair value are primarily valued based on the fair value of the underlying investments, which have quoted prices or other observable inputs to pricing. A portion of the funds withheld receivable and payables at interest carried at fair value represent embedded derivatives and are valued using present value techniques that consider inputs including contract duration. Reinsurance recoverables: Reinsurance recoverables carried at fair value are valued using present value techniques that consider inputs including mortality and surrender rates for the associated policies, as well as estimates of policy expenses and the cost of capital held in support of the related closed block policy liabilities. Insurance liabilities and insurance embedded derivatives : Policy liabilities carried at fair value are valued using present value techniques that discount estimated liability cash flows at a rate that reflects the variability of those cash flows and also consider policyholder behavior (including lapse rates, surrender rates and mortality). Closed block policy liabilities carried at fair value are valued using present value techniques that consider inputs including mortality and surrender rates for the respective policies, as well as estimates of policy expenses and the cost of capital held in support of the liabilities. The funds withheld payable at interest carried at fair value represents embedded derivatives and is valued based on the change in the fair value of the assets supporting the payable. Other embedded derivative liabilities are related to our fixed-indexed annuity, variable annuity and indexed universal life products, which contain equity-indexed features. The embedded derivative liabilities are calculated as the present value of future projected benefits in excess of the projected guaranteed benefits, using an option budget as the indexed account value growth rate and considering an adjustment to reflect the risk of nonperformance on our obligation and inputs such as projected withdrawal and surrender activity, and mortality. KKR calculates nonperformance risk using a blend of observable peer holding company credit spreads, adjusted to reflect the claims paying ability of our insurance entities, as well as an adjustment to reflect the priority of policyholder claims. Key unobservable inputs that have a significant impact on KKR's Level III valuations as described above are included in Note 9 "Fair Value Measurements." KKR utilizes several unobservable pricing inputs and assumptions in determining the fair value of its Level III financial instruments. These unobservable pricing inputs and assumptions may differ by financial instruments and in the application of KKR's valuation methodologies. KKR's reported fair value estimates could vary materially if KKR had chosen to incorporate different unobservable pricing inputs and other assumptions or, for certain applicable investments, if KKR only used either the discounted cash flow methodology or the market comparables methodology instead of assigning a weighting to both methodologies.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of acquisition cost over the fair value of net tangible and intangible assets acquired in connection with an acquisition. Goodwill is assessed for impairment annually in the third quarter of each fiscal year or more frequently if circumstances indicate impairment may have occurred. Goodwill is recorded in Other Assets in the accompanying consolidated statements of financial condition. KKR has the option to either (i) perform a quantitative impairment test or (ii) first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, in which case the quantitative test would then be performed. When performing a quantitative impairment test, KKR compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of the reporting unit is less than its carrying amount, the goodwill impairment loss is equal to the excess of the carrying value over the fair value, limited to the carrying amount of goodwill allocated to that reporting unit. The estimated fair values of the reporting units are derived based on valuation techniques KKR believes market participants would use for each respective reporting unit. The estimated fair values are generally determined by utilizing a discounted cash flow methodology or methodologies that incorporate market multiples of certain comparable companies. KKR tests goodwill for impairment at the reporting unit level, which is generally at the level of or one level below its reportable segments. Goodwill recorded as a result of the acquisition of Global Atlantic has been allocated to the Insurance Segment. See Note 21 "Segment Reporting". During the third quarter of 2021, KKR performed its annual impairment analysis for the goodwill recorded at the asset management and insurance reporting units. KKR elected to perform a qualitative assessment (commonly known as "step zero") for the purposes of its annual goodwill impairment analysis. Based upon this assessment, KKR determined that it is more likely than not that the fair value of each reporting unit exceeds its carrying value. Factors considered in the qualitative assessment included macroeconomic conditions, industry and market considerations, cost factors, current and projected financial performance, changes in management or strategy and market capitalization. Intangible assets, which primarily relate to intangible assets acquired in the GA Acquisition are recorded in Other Assets in the accompanying consolidated statements of financial condition and are amortized over their estimated useful lives and are reviewed for impairment on an interim basis when impairment indicators are present. Impairment losses are recorded within Insurance Expenses in the consolidated statements of operations. The finite lived intangible assets are amortized using the straight-line method over the useful life of the assets which is between 15 to 19 years. The indefinite lived intangible assets are not subject to amortization.
Fixed Assets, Depreciation and Amortization	Fixed Assets, Depreciation and Amortization Fixed assets consist primarily of corporate real estate, leasehold improvements, furniture and computer hardware. Such amounts are recorded at cost less accumulated depreciation and amortization and are included in Other Assets within the accompanying consolidated statements of financial condition. Depreciation and amortization are calculated using the straight‑line method over the assets' estimated economic useful lives, which for leasehold improvements are the lesser of the lease term or the life of the asset, for KKR's owner occupied corporate real estate is up to forty years, and three
Foreign Currency	Foreign CurrencyConsolidated entities that have a functional currency that differs from KKR's reporting currency are primarily KKR's investment management and capital markets companies located outside the United States and certain CFEs. Foreign currency denominated assets and liabilities are translated using the exchange rates prevailing at the end of each reporting period. Results of foreign operations are translated at the weighted average exchange rate for each reporting period. Translation adjustments are included as a component of accumulated other comprehensive income (loss) until realized. Foreign currency income or expenses resulting from transactions outside of the functional currency of a consolidated entity are recorded as incurred in general, administrative and other expense in the consolidated statements of operations.
Leases	Leases At contract inception, KKR determines if an arrangement contains a lease by evaluating whether (i) the identified asset has been deployed in the contract explicitly or implicitly and (ii) KKR obtains substantially all of the economic benefits from the use of that underlying asset and directs how and for what purpose the asset is used during the term of the contract. Additionally, at contract inception KKR will evaluate whether the lease is an operating or finance lease. Right-of-use ("ROU") assets represent KKR’s right to use an underlying asset for the lease term and lease liabilities represent KKR’s obligation to make lease payments arising from the lease. ROU assets and the associated lease liabilities are recognized at the commencement date based on the present value of the future minimum lease payments over the lease term. The discount rate implicit in the lease is generally not readily determinable. Consequently, KKR uses its incremental borrowing rate based on the information available including, but not limited to, collateral assumptions, the term of the lease, and the economic environment in which the lease is denominated at the commencement date in determining the present value of the future lease payments. The ROU assets are recognized as the initial measurement of the lease liabilities plus any initial direct costs and any prepaid lease payments less lease incentives received, if any. The lease terms may include options to extend or terminate the lease which are accounted for when it is reasonably certain that KKR will exercise that option. Certain leases that include lease and non-lease components are accounted for as one single lease component. In addition to contractual rent payments, occupancy lease agreements generally include additional payments for certain costs incurred by the landlord, such as building expenses and utilities. To the extent these are fixed or determinable, they are included as part of the lease payments used to measure the Operating Lease Liability. Operating lease expense is recognized on a straight-line basis over the lease term and is recorded within Occupancy and Related Charges in the accompanying consolidated statements of operations. The ROU assets are included in Other Assets and the lease liabilities are included in Accrued Expenses and Other Liabilities in the accompanying consolidated statements of financial condition. See Note 14 "Other Assets and Accrued Expenses and Other Liabilities."
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from contributions from and distributions to owners. In the accompanying consolidated financial statements, comprehensive income is comprised of (i) Net Income (Loss), as presented in the consolidated statements of operations, (ii) unrealized gains (losses) on available-for-sale securities and (iii) net foreign currency translation.
Income Taxes	Income Taxes KKR & Co. Inc. is a domestic corporation for U.S. federal income tax purposes and is subject to U.S. federal, state and local income taxes at the entity level on its share of taxable income. In addition, KKR Group Partnership and certain of its subsidiaries operate as partnerships for U.S. federal tax purposes but as taxable entities for certain state, local or non-U.S. tax purposes. Moreover, certain corporate subsidiaries of KKR, including certain Global Atlantic subsidiaries, are domestic corporations for U.S. federal income tax purposes and are subject to U.S. federal, state, and local income taxes. Deferred Income Taxes Income taxes are accounted for using the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized in the consolidated statements of operations in the period when the change is enacted. Deferred tax assets, which are recorded in Other Assets within the statement of financial condition, are reduced by a valuation allowance when, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. When evaluating the realizability of the deferred tax assets, all evidence, both positive and negative, is considered. Items considered when evaluating the need for a valuation allowance include the ability to carry back losses, future reversals of existing temporary differences, tax planning strategies, and expectations of future earnings. For a particular tax‑paying component of an entity and within a particular tax jurisdiction, deferred tax assets and liabilities are offset and presented as a single amount within Other Assets or Accrued and Other Liabilities, as applicable, in the accompanying statements of financial condition. Uncertain Tax Positions KKR analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, KKR determines that uncertainties in tax positions exist, a reserve is established. The reserve for uncertain tax positions is recorded in Accrued and Other Liabilities in the accompanying statements of financial condition. KKR recognizes accrued interest and penalties related to uncertain tax positions within the provision for income taxes in the consolidated statements of operations. KKR records uncertain tax positions on the basis of a two‑step process: (a) determination is made whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (b) those tax positions that meet the more‑likely‑than‑not threshold are recognized as the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Investments	Investments Investments consist primarily of private equity, credit, investments of consolidated CFEs, real assets, equity method and other investments. Investments denominated in currencies other than the entity's functional currency are valued based on the spot rate of the respective currency at the end of the reporting period with changes related to exchange rate movements reflected in the consolidated statements of operations. Security and loan transactions are recorded on a trade date basis. Further disclosure on investments is presented in Note 7 "Investments." The following describes the types of securities held within each investment class. Private Equity - Consists primarily of equity investments in operating businesses, including growth equity investments. Credit - Consists primarily of investments in below investment grade corporate debt securities (primarily high yield bonds and syndicated bank loans), originated, distressed and opportunistic credit, real estate mortgage loans, and interests in unconsolidated CLOs. Investments of Consolidated CFEs - Consists primarily of investments in below investment grade corporate debt securities (primarily high yield bonds and syndicated bank loans) held directly by the consolidated CLOs. Real Assets - Consists primarily of investments in (i) energy related assets, principally oil and natural gas properties, (ii) infrastructure assets, and (iii) real estate, principally residential and commercial real estate assets and businesses. Equity Method - Other - Consists primarily of (i) certain direct interests in operating companies in which KKR is deemed to exert significant influence under GAAP and (ii) certain interests in partnerships and joint ventures that hold private equity and real assets investments. Equity Method - Capital Allocation-Based Income - Consists primarily of (i) the capital interest KKR holds as the general partner in certain investment funds, which are not consolidated and (ii) the carried interest component of the general partner interest, which are accounted for as a single unit of account. Other - Consists primarily of investments in common stock, preferred stock, warrants and options of companies that are not private equity, real assets, credit or investments of consolidated CFEs. Investments held by Consolidated Investment Funds The consolidated investment funds are, for GAAP purposes, investment companies and reflect their investments and other financial instruments, including portfolio companies that are majority-owned and controlled by KKR's investment funds, at fair value. KKR has retained this specialized accounting for the consolidated investment funds in consolidation. Accordingly, the unrealized gains and losses resulting from changes in fair value of the investments and other financial instruments held by the consolidated investment funds are reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Certain energy investments are made through consolidated investment funds, including investments in working and royalty interests in oil and natural gas properties as well as investments in operating companies that operate in the energy industry. Since these investments are held through consolidated investment funds, such investments are reflected at fair value as of the end of the reporting period. Investments in operating companies that are held through KKR's consolidated investment funds are generally classified within private equity investments and investments in working and royalty interests in oil and natural gas properties are generally classified as real asset investments. Energy Investments held by KKR On August 18, 2020, KKR transferred all the working and royalty interests in oil and natural gas properties, which were directly held by KKR and not held through investment funds, into a consolidated investment fund. Before the transfer, oil and natural gas activities were accounted for under the successful efforts method of accounting and such working and royalty interests were consolidated based on the proportion of the working and royalty interests held by KKR. Subsequent to the transfer, such working and royalty interests are carried at fair value in accordance with ASC 946, Financial Services - Investment Companies, and recorded within investments in the consolidated statements of financial condition. Any changes in fair value are recorded within Net Gains (Losses) from Investment Activities in the consolidated statements of operations. No gain or loss has been recorded in the consolidated statement of operations as result of the transfer. KKR recognized the differential between the net carrying value of such working and royalty interests and the fair value at the time of the transfer within stockholders' equity. This transaction resulted in an adjustment to KKR Group Partnership's equity, and accordingly, both KKR's equity and noncontrolling interests held by KKR Holdings were adjusted for their proportionate share based on their ownership in KKR Group Partnership at the time of transfer. See the consolidated statements of changes in equity and Note 22 "Equity". The fair value has been determined in accordance with KKR’s Level III Valuation Methodologies. Fair Value Option For certain investments and other financial instruments, KKR has elected the fair value option. Such election is irrevocable and is applied on a financial instrument by financial instrument basis at initial recognition. KKR has elected the fair value option for certain private equity, real assets, credit, investments of consolidated CFEs, equity method - other and other financial instruments not held through a consolidated investment fund. Accounting for these investments at fair value is consistent with how KKR accounts for its investments held through consolidated investment funds. Changes in the fair value of such instruments are recognized in Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Interest income on interest bearing credit securities on which the fair value option has been elected is based on stated coupon rates adjusted for the accretion of purchase discounts and the amortization of purchase premiums. This interest income is recorded within Interest Income in the consolidated statements of operations. Equity Method For certain investments in entities over which KKR exercises significant influence but which do not meet the requirements for consolidation and for which KKR has not elected the fair value option, KKR uses the equity method of accounting. The carrying value of equity method investments, for which KKR has not elected the fair value option, is determined based on the amounts invested by KKR, adjusted for the equity in earnings or losses of the investee allocated based on KKR's respective ownership percentage, less distributions. For equity method investments for which KKR has not elected the fair value option, KKR records its proportionate share of the investee's earnings or losses based on the most recently available financial information of the investee, which in certain cases may lag the date of KKR's financial statements by no more than three calendar months. As of December 31, 2021, equity method investees for which KKR reports financial results on a lag include Marshall Wace LLP ("Marshall Wace"). KKR evaluates its equity method investments for which KKR has not elected the fair value option for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. The carrying value of investments classified as Equity Method - Capital Allocation-Based Income approximates fair value, because the underlying investments of the unconsolidated investment funds are reported at fair value. Financial Instruments held by Consolidated CFEs KKR measures both the financial assets and financial liabilities of the consolidated CFEs in its financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities which results in KKR's consolidated net income (loss) reflecting KKR's own economic interests in the consolidated CFEs including (i) changes in the fair value of the beneficial interests retained by KKR and (ii) beneficial interests that represent compensation for services rendered. For the consolidated CLOs, KKR has determined that the fair value of the financial assets of the consolidated CLOs is more observable than the fair value of the financial liabilities of the consolidated CLOs. As a result, the financial assets of the consolidated CLOs are being measured at fair value and the financial liabilities are being measured in consolidation as: (1) the sum of the fair value of the financial assets and the carrying value of any nonfinancial assets that are incidental to the operations of the CLOs less (2) the sum of the fair value of any beneficial interests retained by KKR (other than those that represent Investments In the normal course of business, Global Atlantic enters into transactions involving various types of investments. Investments include the following: U.S. government and agency obligations; commercial mortgage-backed securities ("CMBS"), residential mortgage-backed securities ("RMBS"), collateralized loan obligations (“CLOs"), collateralized bond obligations ("CBOs"), and all other structured securities, consisting primarily of asset-backed securities ("ABS") (collectively, "structured securities"); corporate bonds; state and political subdivision obligations; foreign government obligations; equity securities; mortgage and other loan receivables; policy loans; and other non-derivative investments. Available-for-sale fixed maturity securities Global Atlantic primarily accounts for its fixed maturity securities (including bonds, structured securities and redeemable preferred stock) as available-for-sale ("AFS"). AFS fixed maturity securities are generally recorded on a trade-date basis and are carried at fair value. Impairment associated with AFS fixed maturity securities is recognized as an allowance for credit losses. The allowance for credit losses is established either by a charge to net investment-related losses in the consolidated statements of operations, for securities identified as credit impaired after purchase, or by a gross-up recognition of an initial allowance for purchased credit deteriorated ("PCD") securities. PCD securities are those purchased by Global Atlantic that were assessed at acquisition as having experienced a more-than-insignificant deterioration in credit quality since their origination. Global Atlantic considers an AFS fixed maturity security to be PCD if there are indicators of a credit loss at the acquisition date or, in the case of structured securities, if there is a significant difference between contractual cash flows and expected cash flows at acquisition. PCD securities also include those AFS fixed maturity securities previously held by Global Atlantic that were similarly assessed at the time of the GA acquisition. The initial amortized cost for a PCD security equals the purchase price plus the initial allowance for credit losses. The initial allowance for credit losses is determined using a discounted cash flow method based on the best estimate of the present value of cash flows expected to be collected. After purchase, the accounting for a PCD security is consistent with that applied to all other securities. Unrealized gains and losses on AFS fixed maturity securities, net of tax and insurance intangible amortization, are reported in accumulated other comprehensive income ("AOCI") in the consolidated statements of financial condition. Realized investment gains and losses are recognized on a first-in first-out ("FIFO") basis and are reported in net investment-related losses in the consolidated statements of operations. The amortized cost of fixed maturity securities is adjusted for impairment charge-offs, amortization of premiums and accretion of discounts. Such amortization and accretion is calculated using the effective yield method and included in net investment income in the consolidated statements of operations. For structured securities, Global Atlantic recognizes interest income using a constant effective yield based on estimated cash flows generated from internal models utilizing interest rate, default and prepayment assumptions. Effective yields for structured securities that are not of high credit quality are recalculated and adjusted prospectively based on changes in expected undiscounted future cash flows, after consideration of any appropriate recognition or release of an allowance for credit losses. For structured securities that are of high credit quality, effective yields are recalculated based on payments received and updated prepayment expectations, and amortized cost is adjusted to the amount that would have existed had the new effective yield been applied since acquisition with a corresponding charge or credit to net investment income. Prepayment fees are recorded when earned in net investment income in the consolidated statements of operations. Global Atlantic generally suspends accrual of interest for securities that are more than 90 days past due and reverses any related accrued interest to net investment income in the consolidated statements of operations. When a security is in non-accrual status, coupon payments are recognized as interest income as cash is received, subject to consideration as to the overall collectibility of the security. A security is returned to accrual status when Global Atlantic determines that the collection of amounts due is probable. The allowance for credit losses excludes accrued interest from the amortized cost basis for which losses are estimated. Trading fixed maturity securities Global Atlantic accounts for certain fixed maturity securities as trading at acquisition, based on intent or via the election of the fair value option. Trading securities are generally recorded on a trade-date basis and are carried at fair value, with realized and unrealized gains and losses reported in net investment-related gains (losses) in the consolidated statements of operations. Interest income from these securities is reported in net investment income. Trading securities, which are primarily used to match asset and liability accounting, back funds withheld payable at interest where the investment performance is ceded to reinsurers under the terms of the respective reinsurance agreements. Equity securities Global Atlantic accounts for its investments in equity securities (including common stock and non-redeemable preferred stock) that do not require equity method accounting or result in consolidation, at fair value. Realized and unrealized investment gains and losses are reported in net investment-related gains (losses) in the consolidated statements of operations. Mortgage and other loan receivables Global Atlantic purchases and originates mortgage and other loan receivables, and these loans are carried at cost, less the allowance for credit losses and as adjusted for amortization/accretion of premiums/discounts. The allowance for credit losses is established either by a charge to net investment-related losses in the consolidated statements of operations or, for PCD mortgage and other loan receivables, by a gross-up recognition of the initial allowance in the consolidated statements of financial condition. PCD mortgage and other loan receivables are those purchased by Global Atlantic that were assessed at acquisition as having experienced a more-than-insignificant deterioration in credit quality since their origination. PCD mortgage and other loan receivables also include those mortgage and other loan receivables previously held by Global Atlantic that were similarly assessed at the time of the GA Acquisition. The initial amortized cost for a PCD mortgage or other loan receivable equals the purchase price plus the initial allowance for credit losses. The initial allowance for credit losses is determined using a method consistent with that used for other similar loans. See further discussion of allowance methods below. After purchase, the accounting for a PCD mortgage or other loan receivable is consistent with that applied to all other mortgage and other loan receivables. As part of the GA Acquisition, Global Atlantic identified $3.7 billion of PCD mortgage and other loan receivables with a related allowance of $120.3 million. The initial allowance on the non-PCD mortgage and other loan receivables was recognized outside the purchase accounting analysis and had an impact on the consolidated statement of operations of $183.6 million. Loan premiums or discounts are amortized or accreted using the effective yield method. Interest income is accrued on the principal balance of each loan based on its contractual interest rate. The accrual of interest is generally suspended when the collection of interest is no longer probable or the collection of any portion of principal is doubtful. Global Atlantic generally suspends accrual of interest for loans that are more than 90 days past due and reverses any related accrued interest to net investment income in the consolidated statements of operations. When a loan is in non-accrual status, coupon payments are generally recognized as interest income as cash is received, subject to consideration as to the overall collectibility of the loan. A loan is returned to accrual status when Global Atlantic determines that the collection of amounts due is probable. The allowance for credit losses excludes accrued interest from the amortized cost basis for which losses are estimated. Policy loans Policy loans are loans policyholders take out against their life insurance policies. Each policy loan is fully collateralized by the cash surrender value of the policyholder’s life insurance policy. Policy loans are carried at unpaid principal balances. Interest income on such loans is recognized as earned using the contractually agreed upon interest rate and reflected in net investment income in the consolidated statements of operations. Generally, interest is capitalized on the associated policy’s anniversary date. Other investments Other investments in the consolidated statements of financial condition include Global Atlantic’s investments in investment partnerships, for which Global Atlantic does not have voting control or power to direct activities. These investments are accounted for using the equity method of accounting unless Global Atlantic’s interest is so minor that it has virtually no influence over partnership operating or financial policies. The equity method of accounting requires that the investments be initially recorded at cost and the carrying amount of the investment subsequently be adjusted to recognize Global Atlantic’s share of the earnings and losses of the investee. Where there is a difference between the cost of the investment and Global Atlantic’s proportionate share of the equity method investee’s net assets, this basis difference is accreted to net investment income over the life of the underlying assets. In applying the equity method, Global Atlantic uses financial information provided by the investee, generally on a one to three month lag due to the timing of the receipt of related financial statements. The income from Global Atlantic’s equity method investments is included in net investment income in the consolidated statements of operations. In limited circumstances, Global Atlantic elects to apply the fair value option to investment partnerships, which are carried at fair value with unrealized gains and losses reported in net investment-related gains (losses) in the consolidated statements of operations. The contributions to and distributions from investment partnerships are classified as investing activities within the consolidated statements of cash flows. Global Atlantic consolidates investment partnerships and other entities when it is deemed to control or is considered the primary beneficiary of a VIE. The results of certain consolidated investment entities are reported on a one to three month lag and intervening events are evaluated for materiality and recognition by disclosure or otherwise, as appropriate. Included in other investments are Global Atlantic’s investments in renewable energy entities, including partnerships and limited liability companies. Respective investments are consolidated when Global Atlantic has control, or are accounted for using the equity method of accounting when Global Atlantic has the ability to exercise significant influence but not control. These investments involve tiered capital structures that facilitate a waterfall of returns and allocations to ensure the efficient use of tax credits. A conventional income statement oriented approach to the equity method of accounting, or to the recognition of non-controlling interests (when Global Atlantic is consolidating the investment), based on ownership percentages does not accurately reflect the proper allocation of income and cash flows for these investments. Instead, Global Atlantic uses the HLBV which is a balance sheet oriented approach to the equity method of accounting and to the recognition of non-controlling interests that allocates income and cash flows based on changes to each investor’s claim to net assets assuming a liquidation of the investee as of each reporting date, including an assessment of the likelihood of liquidation in determining the contractual provisions to utilize when applying the HLBV method. Investments in real assets included in other investments in the consolidated statements of financial condition relate to Global Atlantic’s consolidated investments in renewable energy entities and investments in transportation assets. The income, as well as the depreciation and other expenses associated with these tangible assets is reported in net investment income in the consolidated statements of operations. Income on consolidated investments in renewable energy entities is earned from the sale of the energy generated under long-term contracts. Income on investments in transportation assets is earned from the lease of these assets. Tangible assets associated with renewable energy entities primarily comprise solar energy systems, which are depreciated on a straight-line basis over their estimated useful lives of generally 35 years. Transportation assets are primarily aircraft and railcars, which are depreciated to their estimated salvage value on a straight-line basis over their remaining useful lives. These useful lives generally range up to 25 years for aircraft and 45 years for railcars, as determined from the date of manufacture. Global Atlantic has investments in real estate held in consolidated investment companies that account for such real estate at fair value under investment company accounting. Real estate investments are generally valued using a combination of direct income capitalization and discounted cash flow analysis. Certain real estate investments are valued based on ranges of valuations determined by independent valuation firms. Net rental income on the investments in real estate is recognized in net investment income and changes in the fair value of real estate are recognized in net investment-related gains (losses) in the consolidated statements of operations. Investments in Federal Home Loan Bank ("FHLB") common stock are also included in other investments in the consolidated statements of financial condition and are accounted at cost. Other investments The determination of the amount of impairment on other classes of investments also requires significant judgment and is based upon a periodic evaluation and assessment of known and inherent risks associated with the respective asset class. Such assessments are revised as conditions change and new information becomes available. Impairment of consolidated renewable energy assets and transportation assets is assessed whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When indicators of impairment are present, a recoverability test is performed to determine if the sum of the estimated undiscounted future cash flows attributable to the assets is greater than the carrying amount. If the undiscounted estimated future cash flows are less than the carrying amount, an impairment loss is recognized based on the amount by which the carrying amount exceeds its estimated fair value.
Due from and Due to Affiliates	Due from and Due to Affiliates KKR considers its principals and their related entities, unconsolidated investment funds and the portfolio companies of its funds to be affiliates for accounting purposes. Receivables from and payables to affiliates are recorded at their current settlement amount.
Freestanding Derivatives	Freestanding derivatives are instruments that KKR and certain of its consolidated funds have entered into as part of their overall risk management and investment strategies. These derivative contracts are not designated as hedging instruments for accounting purposes. Such contracts may include forward, swap and option contracts related to foreign currencies and interest rates to manage foreign exchange risk and interest rate risk arising from certain assets and liabilities. All derivatives are recognized in Other Assets or Accrued Expenses and Other Liabilities and are presented on a gross basis in the consolidated statements of financial condition and measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. KKR's derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. KKR attempts to reduce this risk by limiting its counterparties to major financial institutions with strong credit ratings. Derivative instruments Derivatives are instruments that derive their values from underlying asset prices, indices, foreign exchange rates, reference rates and other inputs or a combination of these factors. Derivatives may be privately negotiated contracts, which are usually referred to as over-the-counter ("OTC") derivatives, or they may be listed and traded on an exchange ("exchange-traded"). Global Atlantic’s derivative instruments are primarily used to hedge certain risks, including interest rate risk and equity market risk, and to a lesser extent foreign exchange and inflation risks. Where certain criteria are met, some of these hedging arrangements may achieve hedge accounting. Derivative instruments are recognized at estimated fair value in either funds withheld receivable at interest, other assets, funds withheld payable at interest or accrued expenses and other liabilities in the consolidated statements of financial condition, with changes in fair value recorded in net investment-related gains (losses) in the consolidated statements of operations. Where
Securities Sold Short	Securities Sold Short Whether part of a hedging transaction or a transaction in its own right, securities sold short represent obligations of KKR to deliver the specified security at the contracted price at a future point in time, and thereby create a liability to repurchase the security in the market at the prevailing prices. The liability for such securities sold short, which is recorded in Accrued Expenses and Other Liabilities in the statement of financial condition, is marked to market based on the current fair value of the underlying security at the reporting date with changes in fair value recorded as unrealized gains or losses in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. These transactions may involve market risk in excess of the amount currently reflected in the accompanying consolidated statements of financial condition.
Revenues	Fees and Other Fees and Other, as detailed above, are accounted for as contracts with customers. Under ASC 606, Revenue from Contracts with Customers ("ASC 606"), KKR is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) KKR satisfies its performance obligation. In determining the transaction price, KKR has included variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. The following table summarizes KKR's revenues from contracts with customers: Revenue Type Customer Performance Obligation Performance Obligation Satisfied Over Time or Point In Time (1) Variable or Payment Terms Subject to Return Once Recognized Classification of Uncollected Amounts (2) Management Fees Investment funds, CLOs and other vehicles Investment management services Over time as services are rendered Variable consideration since varies based on fluctuations in the basis of the management fee over time Typically quarterly or annually in arrears No Due from Affiliates Transaction Fees Portfolio companies and third party companies Advisory services and debt and equity arranging and underwriting Point in time when the transaction (e.g. underwriting) is completed Fixed consideration Typically paid on or shortly after transaction closes No Due from Affiliates (portfolio companies) Other Assets (third parties) Monitoring Fees Recurring Fees Portfolio companies Monitoring services Over time as services are rendered Variable consideration since varies based on fluctuations in the basis of the recurring fee Typically quarterly in arrears No Due from Affiliates Termination Fees Portfolio companies Monitoring services Point in time when the termination is completed Fixed consideration Typically paid on or shortly after termination occurs No Due from Affiliates Incentive Fees Investment funds and other vehicles Investment management services that result in achievement of minimum investment return levels Over time as services are rendered Variable consideration since contingent upon the investment fund and other vehicles achieving more than stipulated investment return hurdles Typically paid shortly after the end of the performance measurement period No Due from Affiliates Expense Reimbursements Investment funds and portfolio companies Investment management and monitoring services Point in time when the related expense is incurred Fixed consideration Typically shortly after expense is incurred No Due from Affiliates Oil and Gas Revenues Oil and gas wholesalers Delivery of oil liquids and gas Point in time when delivery has occurred and title has transferred Fixed consideration Typically shortly after delivery No Other Assets Consulting Fees Portfolio companies and other companies Consulting and other services Over time as services are rendered Fixed consideration Typically quarterly in arrears No Due from Affiliates (1) For performance obligations satisfied at a point in time, there were no significant judgments made in evaluating when a customer obtains control of the promised service. (2) For amounts classified in Other Assets, see Note 14 "Other Assets and Accrued Expenses and Other Liabilities." For amounts classified in Due from Affiliates, see Note 20 "Related Party Transactions." Management Fees KKR provides investment management services to investment funds, CLOs, and other vehicles and entities in exchange for a management fee. Management fees are determined quarterly based on an annual rate and are generally based upon a percentage of the capital committed or capital invested during the investment period. Thereafter, management fees are generally based on a percentage of remaining invested capital, net asset value, gross assets or as otherwise defined in the respective contractual agreements. Since some of the factors that cause the fees to fluctuate are outside of KKR's control, management fees are considered to be constrained and are therefore not included in the transaction price. Additionally, after the contract is established there are no significant judgments made when determining the transaction price. Management fees earned from KKR's consolidated investment funds and other vehicles and entities are eliminated in consolidation. However, because these amounts are funded by, and earned from, noncontrolling interests, KKR's allocated share of the net income from the consolidated investment funds and other vehicles is increased by the amount of fees that are eliminated. Accordingly, the elimination of these fees does not impact the net income (loss) attributable to KKR or KKR stockholders' equity. Fee Credits Under the terms of the management agreements with certain of its investment funds, KKR is required to share with such funds an agreed upon percentage of certain fees, including monitoring and transaction fees earned from portfolio companies ("Fee Credits"). Investment funds earn Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain costs incurred in connection with pursuing potential investments that do not result in completed transactions ("broken-deal expenses") and generally amount to 80% for older funds formed on or prior to January 1, 2015, or 100% for newer funds, of allocable monitoring and transaction fees after broken-deal expenses are recovered, although the actual percentage may vary from fund to fund. Fee Credits are recognized and owed to investment funds concurrently with the recognition of monitoring fees, transaction fees and broken-deal expenses. Since Fee Credits are payable to investment funds, amounts owed are generally applied as a reduction of the management fee that is otherwise billed to the investment fund. Fee credits are recorded as a reduction of revenues in the consolidated statement of operations. Fee Credits owed to investment funds are recorded in Due to Affiliates on the consolidated statements of financial condition. See Note 20 "Related Party Transactions." Transaction Fees KKR (i) arranges debt and equity financing, places and underwrites securities offerings, and provides other types of capital markets services for companies seeking financing in its Capital Markets business line and (ii) provides advisory services in connection with successful Private Markets and Public Markets business line portfolio company investment transactions, in each case, in exchange for a transaction fee. Transaction fees are separately negotiated for each transaction and are generally based on (i) for Capital Markets business line transactions, a percentage of the overall transaction size and (ii) for Private Markets and Public Markets business line transactions, a percentage of either total enterprise value of an investment or a percentage of the aggregate price paid for an investment. After the contract is established, there are no significant judgments made when determining the transaction price. Monitoring Fees KKR provides services in connection with monitoring portfolio companies in exchange for a fee. Recurring monitoring fees are separately negotiated for each portfolio company. In addition, certain monitoring fee arrangements may provide for a termination payment following an initial public offering or change of control as defined in the contractual terms of the related agreement. These termination payments are recognized in the period when the related transaction closes. After the contract is established, there are no significant judgments made when determining the transaction price. Incentive Fees KKR provides investment management services to certain investment funds, CLOs and other vehicles in exchange for a management fee as discussed above and, in some cases an incentive fee when KKR is not entitled to a carried interest. Incentive fee rates generally range from 5% to 20% of investment gains. Incentive fees are considered a form of variable consideration as these fees are subject to reversal, and therefore the recognition of such fees is deferred until the end of each fund's measurement period when the performance-based incentive fees become fixed and determinable. Incentive fees are generally paid within 90 days of the end of the investment vehicles' measurement period. After the contract is established, there are no significant judgments made when determining the transaction price. Incentive fees earned from KKR's consolidated investment funds, CLOs, and other vehicles are eliminated in consolidation. However, because these amounts are funded by, and earned from, noncontrolling interests, KKR's allocated share of the net income from the consolidated investment funds, CLOs, and other vehicles is increased by the amount of fees that are eliminated. Accordingly, the elimination of these fees does not impact the net income (loss) attributable to KKR or KKR stockholders' equity. Expense Reimbursements Providing investment management services to investment funds and monitoring KKR’s portfolio companies require KKR to arrange for services on behalf of them. In those situations where KKR is acting as an agent on behalf of its investment funds or portfolio companies, it presents the cost of services on a net basis as a reduction of Revenues. In all other situations, KKR is primarily responsible for fulfilling the services and is therefore acting as a principal for those arrangements for accounting purposes. As a result, the expense and related reimbursement associated with those services is presented on a gross basis. Costs incurred are classified within Expenses and reimbursements of such costs are classified as Expense Reimbursements within Revenues on the consolidated statements of operations. After the contract is established, there are no significant judgments made when determining the transaction price. Oil and Gas Revenue On August 18, 2020, KKR transferred all the working and royalty interests in oil and natural gas properties, which were directly held by KKR and not held through investment funds, into a consolidated investment fund. Before the transfer, oil and gas revenue was recognized when the performance obligations were satisfied, which occurred at the point in time when control of the product transferred to the customer. Performance obligations were typically satisfied through the monthly delivery of production. Revenue was recognized based on KKR's proportionate share of production from non-operated properties as marketed by the operator. After the contract was established, there were no significant judgments made when determining the transaction price. As result of the transfer of all the working and royalty interests into a consolidated investment fund, no oil and gas revenue has been recognized since the date of the transfer. Consulting Fees KKR provides consulting and other services to portfolio companies and other companies in exchange for a consulting fee. Consulting fees are separately negotiated with each company for which services are provided. After the contract is established, there are no significant judgments made when determining the transaction price. Capital Allocation-Based Income (Loss) Capital allocation-based income (loss) is earned from those arrangements where KKR has a general partner capital interest and is entitled to a disproportionate allocation of investment income (referred to hereafter as "carried interest"). KKR accounts for its general partner interests in capital allocation-based arrangements as financial instruments under ASC 323, Investments - Equity Method and Joint Ventures ("ASC 323") since the general partner has significant governance rights in the investment funds in which it invests, which demonstrates significant influence. In accordance with ASC 323, KKR records equity method income based on the proportionate share of the income of the investment fund, including carried interest, assuming the investment fund was liquidated as of each reporting date pursuant to each investment fund's governing agreements. Accordingly, these general partner interests are accounted for outside of the scope of ASC 606. Other arrangements surrounding contractual incentive fees through an advisory contract are separate and distinct and accounted for in accordance with ASC 606. In these incentive fee arrangements, accounted for in accordance with ASC 606, KKR’s economics in the entity do not involve an allocation of capital. See "Incentive Fees" above. Carried interest is allocated to the general partner based on cumulative fund performance to date, and where applicable, subject to a preferred return to the funds' limited partners. At the end of each reporting period, KKR calculates the carried interest that would be due to KKR for each investment fund, pursuant to the fund agreements, as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as carried interest to reflect either (a) positive performance resulting in an increase in the carried interest allocated to the general partner or (b) negative performance that would cause the amount due to KKR to be less than the amount previously recognized, resulting in a negative adjustment to carried interest allocated to the general partner. In each case, it is necessary to calculate the carried interest on cumulative results compared to the carried interest recorded to date and to make the required positive or negative adjustments. KKR ceases to record negative carried interest allocations once previously recognized carried interest allocations for an investment fund have been fully reversed. KKR is not obligated to make payments for guaranteed returns or hurdles and, therefore, cannot have negative carried interest over the life of an investment fund. Accrued but unpaid carried interest as of the reporting date is reflected in Investments in the consolidated statements of financial condition. KKR earns management fees, incentive fees and capital allocation-based income (loss) from investment funds, CLOs, and other vehicles whose primary focus is making investments in specified geographical locations and earns transaction, monitoring, and consulting fees from portfolio companies located in varying geographies. For the years ended December 31, 2021, 2020, and 2019, over 10% of consolidated revenues were earned in the United States. For the year ended December 31, 2021, 67%, 12% and 21% of consolidated revenues were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2020, 59%, 21%, and 20% of consolidated revenues were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2019, 55%, 22%, and 23% of consolidated revenues were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. The determination of the geographic region was based on the geographic focus of the associated investment vehicle or where the portfolio company is headquartered. For the year ended December 31, 2021, revenues from two of KKR’s flagship private equity funds contributed more than 10% of KKR's total consolidated revenues representing approximately $4.5 billion of total consolidated revenues. For the year ended December 31, 2020, revenues from two of KKR’s flagship private equity funds contributed more than 10% of KKR's total consolidated revenues representing approximately $1.6 billion of total consolidated revenues. For the year ended December 31, 2019, revenues from two of KKR’s flagship private equity funds contributed more than 10% of KKR's total consolidated revenues representing approximately $1.1 billion of total consolidated revenues. Additionally, KKR’s fixed assets are predominantly located in the United States.
Compensation and Benefits	Compensation and Benefits Compensation and Benefits expense includes (i) base cash compensation consisting of salaries and wages, (ii) benefits, (iii) carry pool allocations, (iv) equity-based compensation, and (v) discretionary cash bonuses. To supplement base cash compensation, benefits, carry pool allocations, and equity-based compensation, KKR typically pays discretionary cash bonuses, which are included in Compensation and Benefits expense in the consolidated statements of operations, based principally on the level of (i) management fees and other fee revenues (including incentive fees), (ii) realized carried interest and (iii) realized investment income earned during the year. The amounts paid as discretionary cash bonuses, if any, are at KKR’s sole discretion and vary by individual to individual and from period to period, including having no cash bonus. KKR accrues discretionary cash bonuses when payment becomes probable and reasonably estimable which is generally in the period when KKR makes the decision to pay discretionary cash bonuses and is based upon a number of factors including the recognition of fee revenues, realized carried interest, realized investment income and other factors determined during the year. KKR decides whether to pay a discretionary cash bonus and determines the percentage of applicable revenue components to pay compensation only upon the occurrence of the realization event. There is no contractual or other binding obligation that requires KKR to pay a discretionary cash bonus to its employees, except in limited circumstances. Carry Pool Allocation With respect to KKR's funds that provide for carried interest, KKR allocates a portion of the realized and unrealized carried interest that it earns to a carry pool established at KKR Associates Holdings L.P. (which is not a subsidiary of KKR), from which its employees and certain other carry pool participants are eligible to receive a carried interest allocation. The allocation is determined based upon a fixed arrangement between KKR Associates Holdings L.P. and KKR, and KKR does not exercise discretion on whether to make an allocation to the carry pool upon a realization event. These amounts are accounted for as compensatory profit sharing arrangements in Accrued Expenses and Other Liabilities within the accompanying consolidated statements of financial condition in conjunction with the related carried interest income and are recorded as compensation expense. Upon a reversal of carried interest income, the related carry pool allocation, if any, is also reversed. Accordingly, such compensation expense is subject to both positive and negative adjustments. In February 2021, following the approval of a majority of KKR & Co. Inc.'s independent directors, KKR amended the percentage of carried interest that is allocable to the carry pool to 65% for (i) current investment funds for which no or de minimis amounts of carried interest was accrued as of December 31, 2020 and (ii) all future funds. For all other funds, the percentage of carried interest remains 40% or 43%, as applicable. The percentage of carried interest allocable to the carry pool may be increased above 65% only with the approval of a majority of KKR & Co. Inc.'s independent directors. Equity-based Compensation In addition to the cash-based compensation and carry pool allocations as described above, employees receive equity awards under the Amended and Restated KKR & Co. Inc. 2010 Equity Incentive Plan (the "2010 Equity Incentive Plan") and the Amended and Restated KKR & Co. Inc. 2019 Equity Incentive Plan (the "2019 Equity Incentive Plan" and, together with the 2010 Equity Incentive Plan, the "Equity Incentive Plans"). Most of these awards are subject to service-based vesting typically over a three five Profit Sharing Plan
General, Administrative and Other	General, Administrative and Other General, administrative and other expense consists primarily of professional fees paid to legal advisors, accountants, advisors and consultants, insurance costs, travel and related expenses, communications and information services, depreciation and amortization charges, expenses (including impairment charges) incurred by oil and gas entities that are consolidated, broken-deal expenses, placement fees and other general operating expenses. A portion of these general administrative and other expenses, in particular broken-deal expenses, are borne by fund investors.
Investment Income	Investment Income Investment income consists primarily of the net impact of: (i) Realized and unrealized gains and losses on investments, securities sold short, derivatives and debt obligations of consolidated CFEs which are recorded in Net Gains (Losses) from Investment Activities. Upon disposition of an investment, previously recognized unrealized gains or losses are reversed and a realized gain or loss is recognized. (ii) Foreign exchange gains and losses relating to mark‑to‑market activity on foreign exchange forward contracts, foreign currency options and foreign denominated debt which are recorded in Net Gains (Losses) from Investment Activities. (iii) Dividends, which are recognized on the ex‑dividend date, or, in the absence of a formal declaration of a record date, on the date it is received. (iv) Interest income, which is recognized as earned.
Investment in credit losses and impairment on available-for-sale fixed maturity securities	Available-for-sale fixed maturity securities One of the significant estimates related to AFS securities is the evaluation of those investments for credit losses. The evaluation of investments for credit losses is a quantitative and qualitative quarterly process that is subject to risks and uncertainties and involves significant estimates and judgments by management. Changes in the estimates and judgments used in such analysis can have a significant impact on the consolidated statements of operations. Considerations relevant to the evaluation of credit losses may include the severity of any loss position, as well as changes in market interest rates, changes in business climate, management changes, litigation, government actions, and other similar factors that may impact an issuer’s ability to meet current and future principal and interest obligations. Indicators of credit impairment may also include changes in credit ratings, the frequency of late payments, pricing levels and deterioration in any, or a combination of, key financial ratios, financial statements, revenue forecasts and cash flow projections. For AFS fixed maturity securities in an unrealized loss position, Global Atlantic first considers the intent to sell a security, or whether it is more-likely-than-not that it will be required to sell the security, before the recovery of its amortized cost. If Global Atlantic intends to sell an AFS fixed maturity security with an unrealized loss or it is more-likely-than-not that it will be required to sell an AFS fixed maturity security with an unrealized loss before recovery of its amortized cost basis, the amortized cost is written down to fair value and a corresponding charge is recognized to net investment-related losses. For AFS fixed maturity securities in an unrealized loss position that Global Atlantic does not intend to sell, and will not be required to sell, Global Atlantic bifurcates the impairment into two components: credit impairment and non-credit impairment. Credit impairments are measured as the difference between the security’s cost or amortized cost and its estimated recoverable value, which is the present value of its expected future cash flows discounted at the current effective interest rate. The estimated recoverable value is subject to a floor equal to the fair value of the security. The remaining difference between the security’s fair value and the recoverable value, if any, is the non-credit impairment. Credit impairments are recognized in the allowance for credit losses on AFS fixed maturity securities, which is established via a charge to net investment-related losses in the consolidated statements of operations, and non-credit impairments are charged to accumulated other comprehensive income in the consolidated statements of financial condition. In determining the estimated recoverable value, the review of expected future cash flows for structured securities includes assumptions about key systemic risks (e.g., unemployment rates, housing prices) and loan-specific information (e.g., delinquency rates, loan-to-value ratios). Estimating future cash flows is a quantitative and qualitative process that incorporates information received from third parties, along with assumptions and judgments about the future performance of the underlying collateral. For corporate and government bonds the recoverable value is determined using cash flow estimates that consider facts and circumstances relevant to the security and the issuer, including overall financial strength and secondary sources of repayment as well as pending restructuring or disposition of assets. Where information for such cash flow estimates is limited or deemed not reliable, fair value is considered the best estimate of the recoverable value. In periods subsequent to the initial recognition of an allowance for credit losses on a fixed maturity security, whether for a PCD security or a security impaired since purchase, Global Atlantic continues to monitor credit loss expectations. Deterioration in the estimated recoverable value of a credit impaired security is recognized as an addition to the allowance for credit losses, as limited by the amount by which the security’s fair value is less than amortized cost. Improvements in the estimated recoverable value of a credit impaired security or improvements in the fair value of a credit impaired security that limit the amount of the allowance result in reductions in the allowance for credit losses, which are recognized as a credit to net investment-related gains in the consolidated statements of income.
Mortgage and other loan receivables	Mortgage and other loan receivables Global Atlantic updates its estimate of the expected credit losses on its investments in mortgage and other loan receivables each quarter. For loans that share similar risk characteristics, expected credit losses are measured on a pool basis. For commercial mortgage loans, the current expected credit losses are estimated using a model that evaluates the probability that each loan will default and estimates the amount of loss given the occurrence of such a default over the life of each loan in the portfolio. The model incorporates historical and current data on the relevant property market and projects potential future paths for each loan’s collateral, considering both the net income to be generated by the collateral real estate and its market value. The model considers how macroeconomic forecasts (such as gross domestic product, unemployment, and interest rates) influence commercial real estate market factors (including vacancy rates, rental and income growth rates, property value changes), and in turn how commercial real estate market conditions, in combination with loan specific information (including debt service coverage and loan to value), drive commercial mortgage loan credit risk. For residential mortgage loans and consumer loans, the current expected credit losses are primarily estimated using a discounted cash flow model. The model considers loan-specific information as well as current, historical and forecasted data relevant to the respective loans, including home prices, interest rates and unemployment. Expected cash flows are projected for each loan and are discounted using the effective interest rate of the respective loan. Any shortfalls between the discounted cash flows and the amortized cost of each individual loan are aggregated to determine the total allowances on the residential mortgage loan and consumer loan portfolios. For certain residential mortgage loans secured by single-family rental properties, current expected credit losses are determined using a model consistent with that described above for commercial mortgage loans. With regard to the use of forecasts in the determination of Global Atlantic’s current expected credit losses, the reversion of forecasts to historical data is based on reversion dynamics that depend on the specific variable and its interaction with the other parameters of the respective model; however, the forecasts generally tend to revert to a long-term equilibrium trend within two to three years from the forecast start date. For the investment in other loan receivables, a variety of methodologies are used to estimate the respective current expected credit losses. These methodologies consider the terms specific to each loan, including the value of any collateral, and evaluate the risk of loss over the life of these loans. Global Atlantic also assesses and measures an allowance for credit losses arising from off-balance sheet commitments, including loan commitments, that are not unconditionally cancellable by Global Atlantic. This allowance for credit losses for off-balance sheet commitments is determined using methods consistent with those used for the associated mortgage and other loan receivable class, as described above, and is recognized in other liabilities in the consolidated statements of financial condition, since there is no funded asset for the committed amount. When all or a portion of a loan is deemed uncollectible, the uncollectible portion of the carrying amount of the loan is charged off against the allowance. If Global Atlantic recovers all or a portion of an amount previously written off on a credit impaired loan, the recovery is recognized as a realized investment gain.
Deferral and amortization of certain revenues and expenses	Deferral and amortization of certain revenues and expenses Deferrals Deferred policy acquisition costs ("DAC") consist of commissions and other costs that are directly related to the successful acquisition of new or renewal life insurance or annuity contracts. Deferred sales inducements ("DSI") are generated by annuities that offer enhanced crediting rates or bonus payments to policyholders and is included in other assets in the consolidated statements of financial condition. DAC is recorded in insurance intangibles in the consolidated statements of financial condition. Value of business acquired ("VOBA") represents the difference between the carrying value of the purchased in-force insurance contract liabilities at the time of the business combination and the estimated fair value of insurance and reinsurance contracts. VOBA can be either positive or negative. Positive VOBA is recorded in insurance intangibles. Negative VOBA is recorded in the same financial statement line in the consolidated statement of financial condition as the associated reserves. Revenues from certain universal life insurance products are deferred to future periods and an unearned revenue reserve ("URR") liability is established. The amount deferred is equal to the excess of the revenue collected over an estimate of the ultimate future level of these revenues and included in policy liabilities in the consolidated statements of financial condition. Deferred revenue liability ("DRL") represents the gross premium less the net premium on limited pay contracts (i.e., payout annuities). DRL is included in policy liabilities in the consolidated statements of financial condition. For certain preneed contracts, the gross premium is in excess of the benefit reserve plus additional insurance liability. An unearned front-end load ("UFEL") is established to defer the recognition of this front-end load. UFEL is included in policy liabilities in the consolidated statements of financial condition. Amortization For interest-sensitive products (fixed-indexed annuities and variable annuities, most universal life including preneed contracts, and variable universal life), DAC and DSI assets are generally amortized in proportion to actual historical gross profits and estimated future gross profits over the estimated lives of the contracts. The amount of gross profit consists principally of investment returns (including hedge gains and losses) in excess of the amounts credited to policyholders, asset-based and other policy fees, and surrender charges reduced by death and other excess benefits and expenses. Numerous factors including mortality, benefit utilization, surrender activity, premium persistency, and the economic environment influence the level and timing of gross profits. Estimated gross profits are updated each reporting period with actual gross profits as part of the amortization process for the interest-sensitive policies. When actual gross profits are higher in the period than had been previously estimated, more amortization is recognized than planned. When actual gross profits are lower than had been previously estimated, less amortization is recognized than planned. These relationships hold provided that future estimates of gross profits remain unchanged, which may not always be true. VOBA is generally amortized on a constant level basis using policy count over the estimated lives of the contracts. When a different basis of amortization is determined to be more representative of the economics, such as when negative estimated gross profits or margins occur, an alternative basis of amortization may be selected for DAC and VOBA. For most term and whole life products, DAC is amortized in proportion to premium revenue recognized. DRL is amortized on a straight-line basis for whole life and term life insurance policies. For annuities, universal life and indexed universal life policies, DRL is amortized in proportion to the pattern of policyholder death benefits in-force. For payout annuities, DRL is recognized in income in a constant relationship with the amount of expected future payments. URR is amortized consistent with the amortization of DAC on similar products. UFEL is amortized consistent with the method used in the amortization of DAC for preneed contracts. The key assumptions used in the calculation of the amortization of DAC, VOBA and DSI are periodically updated as part of the assumptions review process, which results in revisions to the estimated future gross profits. The effects of changes in assumptions are recorded as unlocking in the period in which the changes are made. The following are types of changes to future assumptions that would generally result in a negative unlocking (i.e., an acceleration of amortization resulting in a reduction to net income): lower equity returns, lower investment returns, higher operating expenses, higher mortality, and unfavorable lapses. The carrying amounts of DAC, DSI, URR and UFEL are adjusted for the effects of realized and unrealized gains and losses on debt and equity securities classified as AFS and certain derivatives. Internal replacements
Separate accounts	Separate accounts Separate account assets and liabilities represent segregated funds administered and invested by Global Atlantic for the benefit of variable annuities and variable universal life insurance contractholders and certain pension funds. Global Atlantic reports separately, as assets and liabilities, investments held in the separate accounts and liabilities of separate accounts if: (1) such separate accounts are legally recognized; (2) assets supporting the contract liabilities are legally insulated from Global Atlantic’s general account liabilities; (3) investments are directed by the contract owner or participant; and (4) all investment performance, net of contract fees and assessments, is passed through to the contract owner.
Policy liabilities	Policy liabilities Policy liabilities, or collectively, “reserves,” are the portion of past premiums or assessments received that are set aside to meet future policy and contract obligations as they become due. Interest accrues on these reserves and on future premiums, which may also be available to pay for future obligations. Global Atlantic establishes reserves to pay future policyholder benefits, claims, and certain expenses for its life policies and annuity contracts. Reserves are estimates based on models that include many actuarial assumptions and projections. These assumptions and projections, which are inherently uncertain, involve significant judgment, including assumptions as to the levels and/or timing of premiums, benefits, claims, expenses, interest credits, investment results (including equity market returns), mortality, longevity, and persistency. The assumptions on which reserves are based are intended to represent an estimation of experience for the period that policyholder benefits are payable. The adequacy of these reserves and the assumptions underlying those reserves are reviewed at least annually. Global Atlantic cannot, however, determine with precision the amount or the timing of actual policyholder benefit payments. If actual experience is better than or equal to the assumptions, then reserves would be adequate to provide for future policyholder benefits and expenses. If experience is worse than the assumptions, additional reserves may be required to meet future policy and contract obligations. This would result in a charge to Global Atlantic’s net income during the period in which excess policyholder benefits are paid or an increase in reserves occurs. For a majority of Global Atlantic’s in-force policies, including its universal life policies and most annuity contracts, the base policy reserve is equal to the account value. For these products, the account value represents Global Atlantic’s obligation to repay to the policyholder the amounts held on deposit. However, there are several significant blocks of business where additional policyholder reserves are explicitly calculated, including variable annuities, fixed-indexed annuities, universal life with secondary guarantees, indexed universal life and preneed policies. Fixed-rate and fixed-indexed annuities Contractholder deposits fund reserves for fixed-indexed annuities earning a fixed rate of interest and certain other fixed-rate annuity products are computed under a retrospective deposit method and represent policyholder account balances before applicable surrender charges. For certain fixed-rate annuity products, an additional reserve was established for above market interest rate guarantees upon acquisition. These reserves are amortized on a straight-line basis over the remaining guaranteed interest rate period. Certain of Global Atlantic’s fixed-indexed annuity products enable the policyholder to allocate contract value between a fixed crediting rate and strategies which reflect the change in the value of an index, such as the S&P 500 Index or other indices. These products are accounted for as investment-type contracts. The liability for these products consists of a combination of the underlying account value and an embedded derivative value. The liability for the underlying account value is primarily based on policy guarantees and its initial value is the difference between the premium payment and the fair value of the embedded derivative. Thereafter, the account value liability is determined in a manner consistent with the accounting for a deposit liability under the “constant yield method.” All future host balances are determined as: (1) the initial host balance; (2) plus interest; (3) less applicable policyholder benefits. The interest rate used in the prior roll forward is re-determined on each valuation date, per the constant yield method. The embedded derivative component’s fair value is based on an estimate of the policyholders’ expected participation in future increases in the relevant index. The fair value of this embedded derivative component includes assumptions, including those about future interest rates and investment yields, future costs for options used to hedge the contract obligations, projected withdrawal and surrender activity, benefit utilization and the level and limits on contract participation in any future increases in the respective index option. The account value liability and embedded derivative are recorded in policy liabilities in the consolidated statements of financial condition, with changes in value of the liabilities recorded in policy benefits and claims in the consolidated statements of operations. Global Atlantic issues funding agreements to certain unaffiliated (and non-unconsolidated) special purpose entities that have issued debt securities for which payment of interest and principal is secured by such funding agreements. Global Atlantic’s funding agreements are considered investment type contracts and liabilities are calculated as the present value of future payments. Global Atlantic's obligation is reported in policy liabilities in the consolidated statements of financial condition. Interest expense is calculated using the effective interest method and recorded in policy benefits and claims in the consolidated statements of income. Contractholder deposit funds reserves for certain assumed blocks of fixed-indexed and fixed-rate annuity products are accounted for as investment-type contracts. A net liability (consisting of the benefit reserve plus deferred revenue liability less DAC) is established at inception and amortized under the constant yield method. Guaranteed benefits Certain fixed-rate and fixed-indexed annuity contracts provide the contractholder with guaranteed minimum death benefits ("GMDB") and/or guaranteed minimum withdrawal benefits ("GMWB"). The associated reserves for these benefits are calculated by estimating the present value of total expected (excess) benefit payments over the life of the contract divided by the present value of total expected assessments over the life of the contract, or the “benefit ratio,” and multiplying this ratio by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on the reserves. The liabilities are included in policy liabilities in the consolidated statements of financial condition. The change in the reserve is included in policy benefits and claims in the consolidated statements of operations. Long-term care benefit riders Certain fixed-rate contracts provide the policyholder with long-term care benefit riders. The long-term care benefit rider permits access to the policy’s account value, along with a supplemental rider benefit value, free of a surrender charge, to reimburse the policyholder for certain qualified long-term care expenses. Depending on the outcome of simplified underwriting, the rider benefit is capped at the return of account value plus one or two times the account value. The benefit rider paid to the policyholder is subject to a monthly maximum such that the benefit is typically paid out over a period of six years or longer. The liabilities for these benefits are calculated by using the benefit ratio multiplied by the cumulative assessments recorded from the contract inception through the balance sheet date less cumulative benefit payments plus interest on the reserves. The change in the reserve is included in policy benefits and claims in the consolidated statements of operations. Variable annuities Variable annuity contracts offered and assumed by Global Atlantic provide the contractholder with GMDB and/or GMWB. The liabilities for these benefits are included in policy liabilities in the consolidated statements of financial condition. The change in the liabilities for these benefits is included in policy benefits and claims in the consolidated statements of operations. Global Atlantic issued variable annuity contracts with GMDB features. Global Atlantic elected the fair value option to measure the liability for certain of these variable annuity contracts. Fair value is calculated as the present value of the estimated death benefits less the present value of the GMDB fees, using 1,000 risk neutral scenarios. Global Atlantic discounts the cash flows using the U.S. Treasury rates plus an adjustment for own company credit risk. Global Atlantic also issues variable annuity contracts with a GMWB. The GMWB feature represents an embedded derivative. The embedded derivative is required to be bifurcated and measured at fair value. This liability is calculated as the present value of the excess GMWB claims less the present value of GMWB fees, using 1,000 risk neutral scenarios. Global Atlantic discounts the cash flows using U.S. Treasury rates plus an adjustment for own company credit risk. Payout annuities Payout annuities include single premium immediate annuities, annuitizations of deferred annuities and structured settlements. These contracts subject the insurer to risks over a period that extends beyond the period or periods in which premiums are collected. These contracts may be either non-life contingent or life contingent. Non-life contingent annuities are accounted for as financial instruments. For life contingent annuities, Global Atlantic records a liability at the present value of future annuity payments and estimated future expenses calculated using expected mortality and costs, and interest assumptions. Any gross premiums received in excess of the net premium is the DRL and is recognized in income in a constant relationship with the amount of expected future payments. The liabilities are recorded in policy liabilities in the consolidated statements of financial condition. Also included under payout annuities are liabilities for disability income benefits which pertain primarily to disability income policies that are already in claim payout status. Liabilities for disability income benefits are calculated as the present value of future disability payments and estimated future expenses using expected mortality and costs, and interest assumptions. The liabilities are recorded in policy liabilities in the consolidated statements of financial condition. Universal life policies For universal life policies, the base benefit reserves are deemed to be equal to the policyholder account value. Policy liabilities for indexed universal life with returns linked to the performance of a specified market index are equal to the sum of two components: (1) the fair value of the embedded derivative; and (2) the host (or guaranteed) component. The fair value of the embedded derivative component is based on the fair value of the policyholders’ expected participation in future increases in the relevant index over the life of the contract. The fair value of this embedded derivative component includes assumptions, including those about future interest rates and investment yields, future costs for options used to hedge the contract obligations, projected benefits, benefit utilization and the level and limits on contract participation in any future increases in the respective index option. The initial host balance is established at the time of premium payment and is equal to the total account value less the embedded derivative component. Thereafter, the balance of the host component is determined in a manner consistent with the accounting for a deposit liability under the “constant yield method.” All future host balances are determined as: (1) the initial host balance; (2) plus interest; (3) less applicable policyholder benefits. The interest rate used in the prior roll forward is re-determined on each valuation date, per the constant yield method. Global Atlantic holds additional liabilities for universal life products with secondary guarantees, sometimes referred to as no-lapse guarantees. For these products, the fair value of the embedded derivative is the present value of the best estimate option budget projection minus the guaranteed surrender benefits over the life of the contract. The additional liabilities are measured using the benefit ratio approach where excess benefits are spread over the life of the contract based on assessments collected from the policyholder. Generally, total expected excess benefit payments are the aggregate of death claims after the policyholder account value is exhausted. The exception is when the cost of insurance charges are insufficient to produce consistently positive earnings in the future. In this case, all death benefits are deemed to be excess benefits. Variable universal life policies Certain assumed variable universal life policies include several forms of secondary guarantees. Global Atlantic holds additional liabilities for its secondary guarantees as discussed above. Preneed policies Global Atlantic’s preneed life insurance contracts are accounted for as universal life-type contracts which require that the retrospective deposit method be used. That accounting method establishes a liability for policyholder benefits in an amount determined by the account or contract balance that accrues to the benefit of the policyholder. This account value is deemed to be equal to the contract’s statutory cash surrender value. The majority of Global Atlantic’s preneed insurance contracts feature death benefits with a discretionary death benefit growth rate. Global Atlantic has the discretion to adjust these rates up or down. Global Atlantic has established an additional reserve for expected future discretionary benefits which is reflected as policy liabilities in the consolidated statements of financial condition. Global Atlantic has also issued preneed insurance contracts with crediting rates tied to inflation as measured by the U.S. Consumer Price Index. Whole and term life Global Atlantic has established liabilities for amounts payable under insurance policies, including whole life insurance and term life insurance policies. Generally, liabilities for these policies are calculated as the present value of future expected benefits to be paid reduced by the present value of future expected net premiums. Principal assumptions used in the establishment of liabilities for future policyholder benefits are mortality, policy lapse, renewal, investment returns, inflation, expenses and other contingent events as appropriate for the respective product. These assumptions, which include provisions for adverse deviations, are established at the time the policy is issued and are intended to estimate the experience for the period the policyholder benefits are payable. By utilizing these assumptions, liabilities are established on a block-of-business basis. For whole life and term long-duration insurance contracts, assumptions such as mortality, morbidity and interest rates are locked-in upon the issuance of new business. However, significant adverse changes in experience on such contracts may require Global Atlantic to establish premium deficiency reserves. Premium deficiency reserves are established, if necessary, when the liability for future policyholder benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policyholder benefits and expenses. Such reserves are determined based on assumptions at the time the premium deficiency reserve is established and do not include a provision for adverse deviation. Policy liabilities for participating whole life insurance policies are equal to the aggregate of: (1) net level premium reserves for death and endowment policyholder benefits (calculated based upon the non-forfeiture interest rate, and mortality rated guarantee in calculating the cash surrender values described in such contracts); and (2) the liability for terminal dividends.
Outstanding claims	Outstanding claims Outstanding claims include amounts payable relating to in course of settlement and incurred but not reported claim liabilities. In course of settlement claim liabilities are established for policies when Global Atlantic is notified of the death of the policyholder but the claim has not been paid as of the reporting date. Incurred but not reported claim liabilities are determined using studies of past experience and are estimated using actuarial assumptions of historical claims expense, adjusted for current trends and conditions. These estimates are continually reviewed and the ultimate liability may vary significantly from the amounts initially recognized, which are reflected in net income in the period in which they are determined. Changes in policyholder and contract claims are recorded in policy benefits and claims in the consolidated statements of operations.
Closed blocks	Closed blocks Through its insurance companies, Global Atlantic has acquired several closed blocks of participating life insurance policies. Global Atlantic has elected to account for the closed block policy liabilities using the fair value option. The assets and cash flow generated by the closed blocks inure solely to the benefit of the holders of policies included in the closed blocks. All closed block assets will ultimately be paid out as policyholder benefits and through policyholder dividends. In
Reinsurance	Reinsurance Consistent with the overall business strategy, Global Atlantic assumes certain policy risks written by other insurance companies on a coinsurance, modified coinsurance or funds withheld coinsurance basis. Reinsurance accounting is applied for ceded and assumed transactions when risk transfer provisions have been met. To meet risk transfer requirements, a long-duration reinsurance contract must transfer mortality or morbidity risks, and subject the reinsurer to a reasonable possibility of a significant loss. Those contracts that do not meet risk transfer requirements are accounted for using deposit accounting. Global Atlantic seeks to diversify risk and limits its overall financial exposure through reinsurance. With respect to ceded reinsurance, Global Atlantic values reinsurance recoverables on reported claims at the time the underlying claim is recognized in accordance with contract terms. For future policyholder benefits, Global Atlantic estimates the amount of reinsurance recoverables based on the terms of the reinsurance contracts and historical reinsurance recovery information. The reinsurance recoverables are based on what Global Atlantic believes are reasonable estimates and the balance is reported as an asset in the consolidated statements of financial condition. However, the ultimate amount of the reinsurance recoverable is not known until all claims are settled. The cost of reinsurance, which is the difference between the amount paid for a reinsurance contract and the amount of the liabilities for policy benefits relating to the underlying reinsured contracts, is deferred and amortized over the reinsurance contract period for short-duration contracts, or over the terms of the reinsured policies on a basis consistent with the reporting of those policies for long-duration contracts. Cost of reinsurance assets and liabilities are reported in insurance intangibles and policy liabilities in the consolidated statements of financial condition, respectively. Reinsurance contracts do not relieve Global Atlantic from its obligations to policyholders, and failure of reinsurers to honor their obligations could result in losses to Global Atlantic; consequently, allowances are established for expected credit losses, via a charge to policy benefits and claims in the consolidated statements of operations. Global Atlantic’s funds withheld receivable at interest and reinsurance recoverable assets are reviewed for expected credit losses by considering credit ratings for each reinsurer, historical insurance industry specific default rate factors, rights of offset, expected recovery rates upon default and the impact of other terms specific to the reinsurance arrangement. For funds withheld and modified coinsurance agreements, the Company has the right to receive or obligation to pay the total return on assets supporting the funds withheld receivable at interest or funds withheld payable at interest. This indirectly exposes the Company to the credit risk of the underlying assets. As a result, funds withheld coinsurance and modified coinsurance agreements are viewed as total return swaps and treated as embedded derivatives. Embedded derivatives are required to be separated from the host contracts and measured at fair value with changes in fair value recognized in net income. Generally, the embedded derivative is measured as the difference between the fair value of the underlying assets and the carrying value of the host contract at the balance sheet date. The fair value of the embedded derivative is included in the funds withheld receivable at interest or the funds withheld payable at interest on the consolidated balance sheets. Changes in the fair value of the embedded derivative are reported in operating activities on the consolidated statements of cash flows.
Recognition of insurance revenue and related benefits and insurance expenses	Recognition of insurance revenue and related benefits Premiums related to whole life and term life insurance contracts and payout contracts with life contingencies are recognized in premiums in the consolidated statements of operations when due from the contractholders. Amounts received as payment for universal life and investment-type contracts are reported as deposits to contractholder account balances and recorded in policy liabilities in the consolidated statements of financial condition. Amounts received as payment for Global Atlantic’s fixed fund variable annuities are reported as a component of policy liabilities in the consolidated statements of financial condition. Revenues from these contracts consist primarily of fees assessed against the contractholder account balance for mortality, policy administration, separate account administration and surrender charges, and are reported in policy fees in the consolidated statements of operations. Additionally, Global Atlantic earns investment income from the investment of contract deposits in Global Atlantic’s insurance companies' general account portfolio, which is reported in net investment income in the consolidated statements of operations. Fees assessed that represent compensation to Global Atlantic for benefits to be provided in future periods and certain other fees are established as an unearned revenue reserve liability and amortized into revenue over the expected life of the related contracts in proportion to estimated gross profits in a manner consistent with DAC for these contracts. Unearned revenue reserves are reported in policy liabilities in the consolidated statements of financial condition and amortized into policy fees in the consolidated statements of operations. Benefits and expenses for these products include claims in excess of related account balances, expenses for contract administration and interest credited to contractholder account balances in the consolidated statements of operations. Global Atlantic primarily earns revenues from premiums, policy fees, income from investments, and other administration, management, and distribution fees. For the year ended December 31, 2021, Global Atlantic’s revenue was sourced in its entirety from the Americas (100%), based on the geographic region of the reporting subsidiary company. Additionally, none of Global Atlantic’s customers contributed more than 10% of KKR's total consolidated revenues and predominantly all of Global Atlantic’s fixed assets are located in the United States.
Other income	Other income Other income is primarily comprised of expense allowances on ceded reinsurance, administration fees, management fees and distribution fees.
Equity-based, incentive and other deferred compensation	Equity-based, incentive and other deferred compensation Global Atlantic has established a long-term incentive plan to foster and promote its long-term financial success. Compensation expense for Global Atlantic’s incentive awards is recognized only when vesting is deemed to be probable. Global Atlantic measures compensation cost for service-based, equity-classified share-based payment awards at fair value as of the grant date and recognizes it in general, administrative and other expenses in the consolidated statements of operations as compensation expense over the requisite service period for awards expected to vest. Global Atlantic recognizes the expense using the straight-line attribution method, with adjustments for estimated forfeitures. For awards with performance-based vesting, expense recognition is deferred until the performance factor occurs or becomes probable. Global Atlantic measures compensation cost for liability-classified share-based payment awards or other deferred compensation plans using the fair value method, beginning on the grant date, and re-measures the fair value of the awards at each reporting period until the awards are settled. Accrued compensation expense is recognized, net of an estimated forfeiture rate, in general, administrative and other expenses in the consolidated statements of operations and within accrued expenses and other liabilities in the consolidated statements of financial condition, respectively.
Recently Issued Accounting Pronouncements	Adoption of new accounting pronouncements The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") and related regulatory actions On March 27, 2020, the CARES Act was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits net operating loss ("NOL") carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019 and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The provisions of the CARES Act, as amended by the Consolidated Appropriations Act, also permit financial institutions to suspend requirements under U.S. GAAP for loan modifications that otherwise would be categorized as troubled debt restructurings (“TDRs”) if (1) the borrower was not more than 30 days past due as of December 31, 2019, and (2) the modifications are related to arrangements that defer or delay the payment of principal or interest, or change the interest rate on the loan, provided the modifications are made between March 1, 2020 and the earlier of 60 days after the end of the national emergency related to the COVID-19 pandemic or January 1, 2022. Global Atlantic has applied this guidance to loan forbearance requests that meet the requirements. See Note 7 “Investments” for additional information on loan modifications. Simplifying the accounting for income taxes On December 18, 2019, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2019-12, which modifies ASC 740 to simplify the accounting for income taxes. This guidance eliminates the exceptions to the incremental approach, to accounting for basis differences when there are changes in ownership of foreign investments, and to interim period tax accounting for year-to-date losses that exceed anticipated losses. The guidance also simplifies the application of tax guidance related to franchise taxes, transactions with government entities, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The guidance is effective for public business entities that meet the definition of an SEC filer for fiscal years beginning after December 15, 2020, including interim period within those fiscal years. KKR adopted the standard effective January 1, 2021. The adoption of this new guidance did not have a significant impact on the financial statements. Reference rate reform In March 2020, the FASB issued new guidance to ease the accounting implications of the transition away from the London Interbank Offering Rate, or “LIBOR,” and other reference rates, which were discontinued in 2021 (other than for U.S. dollar LIBORs, which are expected to be extended until June 2023 except for the one-week and two-month tenors). The new guidance offers a variety of optional expedients and exceptions related to accounting for contract modifications and hedging relationships. These expedients and exceptions apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The new guidance is effective for contract modifications made and hedging relationships existing or entered into from January 1, 2020 through December 31, 2022. KKR is currently evaluating the impact of this guidance on its consolidated financial statements. Future application of accounting standards Targeted improvements to the accounting for long-duration contracts In August 2018, the FASB issued new guidance for insurance and reinsurance companies that issue long-duration contracts such as life insurance and annuities. The objective of this guidance is to improve, simplify and enhance the financial reporting of long-duration contracts by providing financial statement users with useful information in a timely and transparent manner. The primary changes include: (1) more timely recognition of assumption changes in the liability for future policy benefits and use of a current rate for the discounting of future cash flows – The assumptions used to calculate the liability for future policy benefits on traditional and limited-payment contracts are required to be reviewed and updated periodically (versus set at inception and not changed under the current guidance). Cash flow assumptions are required to be reviewed at least annually with the impact recognized in net income. The standard also prescribes that the discount rate assumption should be based on a current upper-medium grade (i.e., low credit risk) fixed income instrument yield (e.g., a single A credit-rating) with the impact recognized in other comprehensive income ("OCI"). (2) standardization and improvement in the accounting for certain market-based options or guarantees associated with deposit (or account balance) contracts – The new guidance creates a new category of benefits referred to as market risk benefits, which are contracts or contract features that provide both protection to the policyholder from capital market risk and expose the insurer to other-than-nominal capital market risk. Market risk benefits are required to be measured at fair value with the change in fair value recognized in net income, except for changes in the entity’s non-performance risk, which is recognized in OCI. (3) simplification of the amortization of deferred acquisition costs - DAC and other similar actuarial balances (e.g., deferred sales inducements) for life and annuity contracts are required to be amortized on a constant basis over the term of the related contracts. (4) enhanced disclosures – Additional disclosures are required including disaggregated roll-forwards of significant insurance liabilities as well as disclosures about significant inputs, judgments, assumptions and methods used in measurement. The guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. For changes related to the liability for future policy benefits and deferred acquisition costs, the new guidance requires adoption using a modified retrospective approach upon transition with an option to elect a retrospective approach. For changes related to market risk benefits, the new guidance requires a retrospective approach. Global Atlantic intends to implement this standard using the retrospective approach for the liability for future policy benefits, deferred acquisition costs and market risk benefits with an adoption date of January 1, 2023. Global Atlantic has completed the design and planning phase of its implementation effort and has begun detailed implementation activities. Global Atlantic has established a governance framework to manage the implementation activities and support timely application of the guidance. Global Atlantic has made progress in the following areas: • High level impact assessment; • Identification of key accounting policy decisions; • Evaluation and selection of actuarial system solutions; • Development of detailed business requirements document inclusive of roll-forward disclosures; and • Preliminary modeling of market risk benefits. Global Atlantic continues to evaluate the impact of this guidance but anticipates that the new standard will have a material impact on the consolidated financial statements. The new guidance is expected to increase financial statement volatility primarily due to the requirement to measure market risk benefits at fair value, which is recorded in net income, except for changes in value attributable to changes in an entity’s non-performance risk, which is recognized in OCI. In addition, the new guidance is expected to have a significant impact on Global Atlantic’s systems, processes and controls.
Noncontrolling Interests	Noncontrolling Interests Noncontrolling interests represent (i) noncontrolling interests in consolidated entities and (ii) noncontrolling interests held by KKR Holdings. Noncontrolling Interests in Consolidated Entities and Other Noncontrolling interests in consolidated entities represent the non-redeemable ownership interests in KKR that are held primarily by: (i) third party fund investors in KKR's consolidated funds and certain other entities; (ii) third parties entitled to up to 1% of the carried interest received by certain general partners of KKR's funds that have made investments on or prior to December 31, 2015; (iii) certain former principals and their designees representing a portion of the carried interest received by the general partners of KKR's private equity funds that was allocated to them with respect to private equity investments made during such former principals' tenure with KKR prior to October 1, 2009; (iv) certain current and former principals representing all of the capital invested by or on behalf of the general partners of KKR's private equity funds prior to October 1, 2009 and any returns thereon; (v) third parties in KKR's Capital Markets business line; (vi) holders of other exchangeable securities, which consist of vested restricted holdings units granted under the 2019 Equity Plan that are exchangeable into shares of common stock of KKR & Co. Inc.; and (vii) third parties in KKR's insurance business including GA Rollover Investors, GA Co-Investors and third party investors in Global Atlantic's consolidated renewable energy entities and certain other entities. Noncontrolling Interests held by KKR Holdings Noncontrolling interests held by KKR Holdings consist of economic interests held by principals indirectly in KKR Group Partnership Units. Such principals receive financial benefits from KKR's business in the form of distributions received from KKR Holdings and through their direct and indirect participation in the value of KKR Group Partnership Units held by KKR Holdings. These financial benefits are not paid by KKR & Co. Inc. and are borne by KKR Holdings.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effect of Changes of Ownership Interest	The following table presents the effect of changes in the ownership interest in the KKR Group Partnership on KKR: For the Years Ended December 31, 2021 2020 2019 Net income (loss) attributable to KKR & Co. Inc. $ 4,666,476 $ 2,002,509 $ 2,005,049 Transfers from noncontrolling interests: Exchange of KKR Group Partnership shares held by KKR Holdings L.P. (1) 530,511 288,930 161,270 Change from net income (loss) attributable to KKR & Co. Inc. and transfers from noncontrolling interests held by KKR Holdings $ 5,196,987 $ 2,291,439 $ 2,166,319 (1) Increase in KKR's stockholders' equity for exchange of 16,900,330, 14,754,852, and 8,699,894 KKR Group Partnership units for the years ended December 31, 2021, 2020, and 2019, respectively, held by KKR Holdings L.P., inclusive of deferred taxes.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of fees	For the years ended December 31, 2021, 2020 and 2019, respectively, revenues consisted of the following: Years Ended December 31, 2021 2020 2019 Management Fees $ 1,301,975 $ 965,664 $ 824,903 Fee Credits (464,594) (299,415) (340,900) Transaction Fees 1,552,621 950,205 914,329 Monitoring Fees 134,472 127,907 106,289 Incentive Fees 55,701 10,404 — Expense Reimbursements 178,572 149,522 169,415 Oil and Gas Revenue — 21,054 47,153 Consulting Fees 91,407 81,450 69,286 Total Fees and Other 2,850,154 2,006,791 1,790,475 Carried Interest 5,388,354 1,719,527 2,041,847 General Partner Capital Interest 1,454,060 504,573 388,578 Total Capital Allocation-Based Income (Loss) 6,842,414 2,224,100 2,430,425 Total Revenues - Asset Management $ 9,692,568 $ 4,230,891 $ 4,220,900
Revenues from contracts with customers	The following table summarizes KKR's revenues from contracts with customers: Revenue Type Customer Performance Obligation Performance Obligation Satisfied Over Time or Point In Time (1) Variable or Payment Terms Subject to Return Once Recognized Classification of Uncollected Amounts (2) Management Fees Investment funds, CLOs and other vehicles Investment management services Over time as services are rendered Variable consideration since varies based on fluctuations in the basis of the management fee over time Typically quarterly or annually in arrears No Due from Affiliates Transaction Fees Portfolio companies and third party companies Advisory services and debt and equity arranging and underwriting Point in time when the transaction (e.g. underwriting) is completed Fixed consideration Typically paid on or shortly after transaction closes No Due from Affiliates (portfolio companies) Other Assets (third parties) Monitoring Fees Recurring Fees Portfolio companies Monitoring services Over time as services are rendered Variable consideration since varies based on fluctuations in the basis of the recurring fee Typically quarterly in arrears No Due from Affiliates Termination Fees Portfolio companies Monitoring services Point in time when the termination is completed Fixed consideration Typically paid on or shortly after termination occurs No Due from Affiliates Incentive Fees Investment funds and other vehicles Investment management services that result in achievement of minimum investment return levels Over time as services are rendered Variable consideration since contingent upon the investment fund and other vehicles achieving more than stipulated investment return hurdles Typically paid shortly after the end of the performance measurement period No Due from Affiliates Expense Reimbursements Investment funds and portfolio companies Investment management and monitoring services Point in time when the related expense is incurred Fixed consideration Typically shortly after expense is incurred No Due from Affiliates Oil and Gas Revenues Oil and gas wholesalers Delivery of oil liquids and gas Point in time when delivery has occurred and title has transferred Fixed consideration Typically shortly after delivery No Other Assets Consulting Fees Portfolio companies and other companies Consulting and other services Over time as services are rendered Fixed consideration Typically quarterly in arrears No Due from Affiliates (1) For performance obligations satisfied at a point in time, there were no significant judgments made in evaluating when a customer obtains control of the promised service. (2) For amounts classified in Other Assets, see Note 14 "Other Assets and Accrued Expenses and Other Liabilities." For amounts classified in Due from Affiliates, see Note 20 "Related Party Transactions."

ACQUISITION OF GLOBAL ATLANTIC

ACQUISITION OF GLOBAL ATLANTIC (Tables)	12 Months Ended
ACQUISITION OF GLOBAL ATLANTIC (Tables)	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Price	The purchase price is as follows (in thousands): Cash consideration paid by KKR $ 2,914,455 GA Co-Investors and GA Rollover Investors 1,824,239 Total Purchase Price $ 4,738,694
Amounts Recognized for Assets Acquired and Liabilities Assumed and Resulting Goodwill	The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the GA Acquisition Date: February 1, 2021 ($ in thousands) Consideration Transferred Cash Consideration paid by KKR $ 2,914,455 GA Co-Investors 978,296 GA Rollover Investors 845,943 Settlement of pre-existing relationships (1) (60,200) Total Consideration Transferred (2) $ 4,678,494 Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: Cash, Cash Equivalents and Restricted Cash $ 3,358,772 Investments 99,544,755 Reinsurance Recoverable 15,753,030 Insurance Intangible Assets 1,024,520 Other Assets (3) 3,325,652 Separate Account Assets 5,371,060 Policy Liabilities (100,374,765) Debt Obligations (1,450,920) Funds Withheld Payable at Interest (13,800,969) Accrued Expenses and Other Liabilities (2,735,811) Reinsurance Liabilities (180,573) Separate Account Liabilities (5,371,060) Total Identifiable Net Assets 4,463,691 Redeemable non-controlling interests (4) (91,845) Other Noncontrolling interests (4) (190,405) Goodwill $ 497,053 (1) Represents KKR debt obligations held by Global Atlantic at the GA Acquisition Date. (2) At the GA Acquisition Date, the transaction was funded with a combination of (i) cash on hand by KKR, (ii) cash proceeds from syndication of the equity interests in Global Atlantic to minority co-investors and equity rolled over from certain former Global Atlantic shareholders. The equity held by GA co-investors and rollover investors are presented as noncontrolling interests in the financial statements. Acquisition of Global Atlantic, Net of Cash Acquired in the consolidated statements of cash flows represents the Total Consideration Transferred (excluding GA Rollover Investors) net of acquired Cash and Cash Equivalents and Restricted Cash and Cash Equivalents. (3) Includes $1.0 billion of deferred tax assets recognized from the step-up in basis under purchase accounting. (4) Represents the fair value of Noncontrolling Interests in consolidated renewable energy entities held by Global Atlantic on the GA Acquisition Date. Such interests do not represent ownership interests held by GA Rollover Investors or GA Co-Investors in Global Atlantic's equity.
Acquired Finite-Lived and Indefinite-Lived Intangible Assets	The fair value and weighted average estimated useful lives of Value of Business Acquired and Other Identifiable Intangible Assets acquired in the GA Acquisition consist of the following (dollars in thousands): Fair Value Average Useful Life ($ in thousands) (in years) VOBA (included within Insurance Intangible Assets) $ 1,024,520 28.6 Negative VOBA (included within Policy Liabilities) (1,273,414) 22.2 Total VOBA $ (248,894) Value of Distribution Agreements Acquired $ 250,000 16 to 21 Trade Names 50,000 15 to 18 State Insurance Licenses 10,000 Indefinite Total Identifiable Other Intangible Assets (included within Other Assets) $ 310,000
Pro-Forma Financial Information	Pro-forma financial information for the year ended December 31, 2021 and December 31, 2020 are presented below. Pro-forma financial information presented does not include adjustments to reflect any potential revenue synergies or cost savings that may be achievable in connection with the GA Acquisition and assumes the GA Acquisition occurred as of January 1, 2020. The pro forma financial information is presented for informational purposes only, and is not necessarily indicative of future operations or results had the GA Acquisition been completed as of January 1, 2020. Years Ended December 31, 2021 2020 Total Revenues $ 16,750,326 $ 10,877,373 Net Income Attributable to KKR & Co. Inc. Common Stockholders $ 4,654,690 $ 2,125,464

NET GAINS (LOSSES) FROM INVES_2

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of total net gains (losses) from investment activities	The following table summarizes total Net Gains (Losses) from Investment Activities for the years ended December 31, 2021, 2020 and 2019, respectively: For the Year Ended December 31, 2021 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 1,694,796 $ 2,679,388 $ 4,374,184 Credit (1) 148,301 (111) 148,190 Investments of Consolidated CFEs (1) 62,075 134,174 196,249 Real Assets (1) 489,613 260,728 750,341 Equity Method - Other (1) 477,344 618,906 1,096,250 Other Investments (1) (334,948) 949,664 614,716 Foreign Exchange Forward Contracts and Options (2) (28,829) 574,067 545,238 Securities Sold Short (2) 38,698 27,773 66,471 Other Derivatives (2) (148,245) 71,211 (77,034) Debt Obligations and Other (3) (16,596) 22,914 6,318 Net Gains (Losses) From Investment Activities $ 2,382,209 $ 5,338,714 $ 7,720,923 For the Year Ended December 31, 2020 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 951,361 $ 3,655,820 $ 4,607,181 Credit (1) (86,512) (164,764) (251,276) Investments of Consolidated CFEs (1) (188,506) 102,798 (85,708) Real Assets (1) 36,784 (122,147) (85,363) Equity Method - Other (1) (137,649) 652,334 514,685 Other Investments (1) (335,841) 156,396 (179,445) Foreign Exchange Forward Contracts and Options (2) 123,681 (455,777) (332,096) Securities Sold Short (2) (145,137) (22,747) (167,884) Other Derivatives (2) (95,831) (106,913) (202,744) Debt Obligations and Other (3) 40,589 (215,135) (174,546) Net Gains (Losses) From Investment Activities $ 162,939 $ 3,479,865 $ 3,642,804 For the Year Ended December 31, 2019 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 261,920 $ 2,849,031 $ 3,110,951 Credit (1) (92,114) (150,881) (242,995) Investments of Consolidated CFEs (1) (57,230) 270,268 213,038 Real Assets (1) 93,848 (128,393) (34,545) Equity Method - Other (1) 70,385 540,775 611,160 Other Investments (1) 53,688 (240,548) (186,860) Foreign Exchange Forward Contracts and Options (2) 161,175 20,309 181,484 Securities Sold Short (2) 54,707 (53,483) 1,224 Other Derivatives (2) (19,584) (36,918) (56,502) Debt Obligations and Other (3) (29,449) (405,622) (435,071) Net Gains (Losses) From Investment Activities $ 497,346 $ 2,664,538 $ 3,161,884 (1) See Note 7 "Investments." (2) See Note 8 "Derivatives" and Note 14 "Other Assets and Accrued Expenses and Other Liabilities."

NET INVESTMENT INCOME - INSUR_2

NET INVESTMENT INCOME - INSURANCE (Tables)	12 Months Ended
NET INVESTMENT INCOME - INSURANCE (Tables)	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Investment Income	The components of net investment income were as follows: Year Ended December 31, 2021 Fixed maturity securities – interest and other income $ 2,262,326 Mortgage and other loan receivables 952,951 Investments in transportation and other leased assets 208,057 Short-term and other investment income 54,785 Policy loans 35,411 Investments in real estate 16,101 Investments in renewable energy 142,095 Equity securities – dividends and other income 1,492 Income assumed from funds withheld receivable at interest 79,989 Income ceded to funds withheld payable at interest (461,505) Gross investment income 3,291,702 Less investment expenses: Investment management and administration 272,321 Transportation and renewable energy asset depreciation and maintenance 171,306 Interest expense on derivative collateral and repurchase agreements 2,452 Net investment income $ 2,845,623

NET INVESTMENT-RELATED GAINS _2

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE (Tables)	12 Months Ended
NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE (Tables)	Dec. 31, 2021
Insurance [Abstract]
Net Investment Gains	Net investment-related gains (losses) were as follows: Year Ended December 31, 2021 Realized gains (losses) on equity investments $ 511,247 Realized gains (losses) on available-for-sale fixed maturity debt securities (201,411) Credit loss allowances on AFS securities 25,316 Credit loss allowances on mortgage and other loan receivables (252,979) Credit loss allowances on unfunded commitments (21,675) Unrealized gains (losses) on fixed maturity securities classified as trading (118,714) Unrealized gains (losses) on investments recognized under the fair-value option 75,176 Net gains (losses) on derivative instruments 222,745 Realized gains (losses) on funds withheld at interest, payable portfolio (30,015) Realized gains (losses) on funds withheld at interest, receivable portfolio 12,418 Other realized gains (losses) (18,355) Net investment-related gains (losses) $ 203,753
Roll-forward of the Allowance for Credit Losses for Fixed Maturity Securities	The table below presents a roll-forward of the allowance for credit losses recognized for fixed maturity securities held by Global Atlantic: Year Ended December 31, 2021 Corporate Structured Total Balance, as of beginning of period (1) $ — $ 120,895 $ 120,895 Initial impairments for credit losses recognized on securities not previously impaired 3,238 55,271 58,509 Initial credit loss allowance recognized on PCD securities — 8,072 8,072 Accretion of initial credit loss allowance on PCD securities — 2,782 2,782 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (18,300) (18,300) Net additions / reductions for securities previously impaired — (83,825) (83,825) Balance, as of end of period $ 3,238 $ 84,895 $ 88,133 (1) Includes securities designated as purchased credit impaired as of the time of the acquisition of Global Atlantic.
Changes in the Allowance for Loan Losses for Mortgages and Other Receivables	Changes in the allowance for credit losses on mortgage and other loan receivables held by Global Atlantic are summarized below: Year Ended December 31, 2021 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period (1) $ 58,203 $ 62,056 $ — $ 120,259 Net provision 7,767 10,024 235,188 252,979 Loans purchased with credit deterioration — 799 837 1,636 Charge-offs — (797) — (797) Balance, as of end of period $ 65,970 $ 72,082 $ 236,025 $ 374,077 (1) Includes loans designated as purchased credit deteriorated as of the time of the acquisition of Global Atlantic.
Proceeds from Voluntary Sales and Gross Gains and Losses for AFS Fixed Maturity Securities	The proceeds from voluntary sales and the gross gains and losses on those sales of AFS fixed maturity securities were as follows: Year Ended December 31, 2021 AFS fixed maturity securities: Proceeds from voluntary sales $ 17,946,293 Gross gains 45,532 Gross losses (187,619)

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
INVESTMENTS (Tables)	Dec. 31, 2021
Investments [Abstract]
Summary of Investments	Investments consist of the following: December 31, 2021 December 31, 2020 Asset Management Private Equity $ 25,685,750 $ 20,470,123 Credit 7,949,573 11,203,905 Investments of Consolidated CFEs 22,076,809 17,706,976 Real Assets 12,500,749 6,096,618 Equity Method - Other 4,877,592 4,471,441 Equity Method - Capital Allocation-Based Income 11,539,945 6,460,430 Other Investments 4,145,096 2,865,222 Investments - Asset Management $ 88,775,514 $ 69,274,715 Insurance Fixed maturity securities, available-for-sale, at fair value (1) $ 68,870,886 $ — Mortgage and other loan receivables 28,876,759 — Fixed maturity securities, trading, at fair value (2) 13,753,573 — Other investments 8,208,566 — Funds withheld receivable at interest 2,999,448 — Policy loans 765,310 — Equity securities at fair value 289,133 — Investments - Insurance $ 123,763,675 $ — Total Investments $ 212,539,189 $ 69,274,715 ( 1) Amortized cost of $71.2 billion, net of credit loss allowances of $88.1 million. (2) Amortized cost of $13.9 billion. Other investments consist of the following: December 31, 2021 Investments in renewable energy (1) $ 3,573,811 Investments in transportation and other leased assets (2) 2,663,759 Other investment partnerships 234,301 Investments in real estate 1,564,853 FHLB common stock and other investments 171,842 Total other investments $ 8,208,566 (1) Net of accumulated depreciation attributed to consolidated renewable energy assets of $156.8 million as of December 31, 2021. (2) Net of accumulated depreciation of $105.1 million as of December 31, 2021.
Schedule of Equity Method Investments	The following table shows summarized financial information relating to the statements of financial condition for all of KKR's equity method investments assuming 100% ownership as of December 31, 2021 and 2020: December 31, 2021 December 31, 2020 Asset Management Total Assets $ 154,165,237 $ 127,447,298 Total Liabilities $ 20,176,773 $ 25,934,871 Total Equity $ 133,988,464 $ 101,512,427 Insurance Total Assets $ 14,031,374 $ — Total Liabilities $ 3,360,701 $ — Total Equity $ — $ — The following table shows summarized financial information relating to the statements of operations for all of KKR's equity method investments assuming 100% ownership for the years ended December 31, 2021, 2020 and 2019: For the Years Ended December 31, 2021 2020 2019 Asset Management Investment Related Revenues $ 5,812,879 $ 3,957,091 $ 2,552,266 Other Revenues 3,919,200 3,526,681 5,132,796 Investment Related Expenses 2,504,491 2,347,521 1,385,870 Other Expenses 2,949,799 2,534,041 4,066,713 Net Realized and Unrealized Gain/(Loss) from Investments 31,380,451 8,007,682 10,532,988 $ 35,658,240 $ 10,609,892 $ 12,765,467 Insurance Revenues $ 1,225,099 $ — $ — Expenses 588,724 — — $ 636,375 $ — $ — Net Income (Loss) $ 36,294,615 $ 10,609,892 $ 12,765,467
Schedule of AFS Fixed Maturity Securities	The cost or amortized cost and fair value for AFS fixed maturity securities were as follows: Cost or amortized cost Allowance for Credit Losses (2)(3) Gross unrealized Fair value As of December 31, 2021 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 785,144 $ — $ 4,171 $ (4,768) $ 784,547 U.S. state, municipal and political subdivisions 5,122,651 — 42,286 (55,240) 5,109,697 Corporate 41,433,757 (3,238) 190,516 (688,648) 40,932,387 RMBS 7,703,030 (50,975) 126,662 (113,359) 7,665,358 CMBS 5,952,656 (282) 16,332 (56,523) 5,912,183 CBOs 3,111,620 (22,160) 6,862 (27,466) 3,068,856 CLOs 2,985,098 (639) 6,554 (5,776) 2,985,237 All other structured securities (1) 2,425,540 (10,839) 19,990 (22,070) 2,412,621 Total AFS fixed maturity securities $ 69,519,496 $ (88,133) $ 413,373 $ (973,850) $ 68,870,886 (1) Includes primarily asset-backed securities ("ABS"). (2) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statement of operations (as net investment (losses) gains) or that were recognized as a gross-up of the purchase price of PCD securities. Amount excludes unrealized losses related to non-credit impairment. (3) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(46.4) million. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties, or Global Atlantic may have the right to put or sell the obligations back to the issuers. The maturity distribution for AFS fixed maturity securities is as follows: As of December 31, 2021 Cost or Fair value Due in one year or less $ 871,340 $ 869,287 Due after one year through five years 9,256,449 9,171,707 Due after five years through ten years 11,460,032 11,350,091 Due after ten years 25,750,493 25,435,546 Subtotal 47,338,314 46,826,631 RMBS 7,652,055 7,665,358 CMBS 5,952,374 5,912,183 CBOs 3,089,460 3,068,856 CLOs 2,984,459 2,985,237 All other structured securities 2,414,701 2,412,621 Total AFS fixed maturity securities $ 69,431,363 $ 68,870,886 Less than 12 months 12 months or more Total As of December 31, 2021 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 311,096 $ (4,768) $ — $ — $ 311,096 $ (4,768) U.S. state, municipal and political subdivisions 2,802,309 (55,240) — — 2,802,309 (55,240) Corporate 30,385,514 (688,648) — — 30,385,514 (688,648) RMBS 3,196,876 (113,359) — — 3,196,876 (113,359) CBOs 2,152,790 (27,466) — — 2,152,790 (27,466) CMBS 3,405,774 (56,523) — — 3,405,774 (56,523) CLOs 1,172,330 (5,776) — — 1,172,330 (5,776) All other structured securities 1,348,356 (22,070) — — 1,348,356 (22,070) Total AFS fixed maturity securities in a continuous loss position $ 44,775,045 $ (973,850) $ — $ — $ 44,775,045 $ (973,850)
Purchased Credit Deteriorated Securities	These securities are identified as PCD, and a reconciliation of the difference between the purchase price and the par value of these PCD securities is below: December 31, 2021 Purchase price of PCD securities acquired during the current period $ 1,734,352 Allowance for credit losses at acquisition 128,967 Discount (premium) attributable to other factors 311,729 Par value $ 2,175,048 Certain residential mortgage loans purchased by Global Atlantic were assessed at acquisition as having experienced a more-than-insignificant deterioration in credit quality since their origination. These loans are identified as PCD, and a reconciliation of the difference between the purchase price and the par value of these PCD loans is below: December 31, 2021 Purchase price of PCD loans acquired during the current period $ 4,231,426 Allowance for credit losses at acquisition 121,895 Discount (premium) attributable to other factors (136,174) Par value $ 4,217,147
Mortgage and Other Loans Receivable	Mortgage and other loan receivables consist of the following: As of December 31, 2021 Commercial mortgage loans (1) $ 13,824,772 Residential mortgage loans (1) 8,724,904 Consumer loans 5,617,925 Other loan receivables (1)(2)(3) 1,083,235 Total mortgage and other loan receivables 29,250,836 Allowance for credit losses (4) (374,077) Total mortgage and other loan receivables, net of allowance for loan losses $ 28,876,759 (1) Includes $805.4 million of loans carried at fair value using the fair value option as of December 31, 2021. The fair value option was elected for these loans for asset-liability matching purposes. These loans had unpaid principal balances of $794.1 million as of December 31, 2021. (2) As of December 31, 2021, other loan receivables consisted primarily of loans collateralized by aircraft of $850.1 million. (3) Includes $27.3 million of related party loans carried at fair value using the fair value option as of December 31, 2021. These loans had unpaid principal balances of $27.3 million as of December 31, 2021. (4) Includes credit loss allowances on purchase-credit deteriorated mortgage and other loan receivables of $(77.9) million.
Maturity Distribution by Contractual Maturity for Residential and Commercial Mortgage Loans	The maturity distribution for residential and commercial mortgage loans was as follows as of December 31, 2021: Years Residential Commercial Total mortgage loans 2022 $ 502,584 $ 1,166,088 $ 1,668,672 2023 37,144 1,103,246 1,140,390 2024 603,698 1,811,096 2,414,794 2025 17,401 1,191,208 1,208,609 2026 703,484 2,933,629 3,637,113 2027 and thereafter 6,860,593 5,619,505 12,480,098 Total $ 8,724,904 $ 13,824,772 $ 22,549,676
Mortgage Loan Portfolio by Geographic Region and Property Type	Global Atlantic diversifies its mortgage loan portfolio by both geographic region and property type to reduce concentration risk. The following tables present the mortgage loans by geographic region and property type: Mortgage loans - carrying value by geographic region December 31, 2021 Pacific $ 6,675,064 West South Central 2,675,890 South Atlantic 4,996,043 Middle Atlantic 3,142,973 East North Central 590,911 Mountain 1,957,099 New England 1,099,157 East South Central 1,035,764 West North Central 350,546 Other regions 26,229 Total by geographic region $ 22,549,676 Mortgage loans - carrying value by property type December 31, 2021 Residential $ 8,724,904 Office building 4,185,146 Apartment 6,194,819 Industrial 1,981,713 Retail 780,071 Other property types 483,560 Warehouse 199,463 Total by property type $ 22,549,676
Receivables by Credit Quality Indicator	The following table represents the portfolio of mortgage and loan receivables by origination year and performance status: December 31, Performance status 2021 2020 2019 2018 2017 Prior Total Commercial mortgage loans Current $ 6,831,655 $ 976,369 $ 1,883,908 $ 1,373,865 $ 817,954 $ 1,941,021 $ 13,824,772 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage loans $ 6,831,655 $ 976,369 $ 1,883,908 $ 1,373,865 $ 817,954 $ 1,941,021 $ 13,824,772 Residential mortgage loans Current $ 4,505,537 $ 1,576,342 $ 393,153 $ 123,995 $ 65,070 $ 1,711,156 $ 8,375,253 30 to 59 days past due 24,955 6,028 5,818 1,155 739 75,104 113,799 60 to 89 days past due 4,247 1,243 607 — — 27,028 33,125 Over 90 days past due 5,305 14,272 21,985 2,686 — 158,479 202,727 Total residential mortgage loans $ 4,540,044 $ 1,597,885 $ 421,563 $ 127,836 $ 65,809 $ 1,971,767 $ 8,724,904 Total mortgage loans $ 11,371,699 $ 2,574,254 $ 2,305,471 $ 1,501,701 $ 883,763 $ 3,912,788 $ 22,549,676 The following table represents the portfolio of consumer loan receivables by performance status: Performance status December 31, 2021 Consumer loans Current $ 5,556,923 30 to 59 days past due 34,048 60 to 89 days past due 16,817 Over 90 days past due 10,137 Total consumer loans $ 5,617,925
Loan-To-Value Ratios	The following table summarizes the loan-to-value ratios for commercial mortgage loans as of December 31, 2021: Loan-to-value as of December 31, 2021, by year of origination Carrying value loan-to-value 70% and less Carrying value loan-to-value 71% - 90% Carrying value loan-to-value over 90% Total carrying value 2021 $ 4,910,170 $ 1,921,485 $ — $ 6,831,655 2020 819,406 121,997 34,966 976,369 2019 1,747,656 136,252 — 1,883,908 2018 1,324,807 49,058 — 1,373,865 2017 772,989 44,965 — 817,954 2016 425,926 2,440 — 428,366 Prior 1,497,503 15,152 — 1,512,655 Total commercial mortgage loans $ 11,498,457 $ 2,291,349 $ 34,966 $ 13,824,772
FHLB Investment and Funding Agreements	Information related to the FHLB investment and funding agreements as of December 31, 2021 is as follows: As of December 31, 2021 Investment in common stock Funding agreements issued to FHLB member banks Collateral FHLB Indianapolis $ 80,640 $ 1,619,765 $ 2,577,698 FHLB Des Moines 34,600 620,006 1,004,530 FHLB Boston 22,520 326,639 553,384 Total $ 137,760 $ 2,566,410 $ 4,135,612
Schedule of Repurchase Agreements	December 31, 2021 is presented in the following table: As of December 31, 2021 Overnight <30 Days 30 - 90 Days > 90 Days Total Corporate Securities $ — $ — $ — $ 312,965 $ 312,965 Total borrowing $ — $ — $ — $ 312,965 $ 312,965

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
DERIVATIVES (Tables)	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Gains and Losses	The following table represents the gains (losses) recognized on derivative instruments and related hedged items in fair value hedging relationship: Year Ended December 31, 2021 Derivatives Hedged items Net 2029 Senior Notes $ (18,808) $ 18,808 $ — 2031 Senior Notes (5,561) 5,561 — FHLB funding agreement liabilities (16,092) 16,092 — The following table represents the gains (losses) related to the FX forwards hedging instruments: Year Ended December 31, 2021 Net investment-related gains (losses) $ 21,490 AOCI 2,275 Amortization - excluded component 2,971 The amounts of derivative gains and losses recognized are reported in the consolidated statements of operations as follows: Derivative contracts not designated as hedges Years Ended December 31, 2021 2020 2019 Asset Management Net Gains (Losses) from Investment Activities: Foreign Exchange Contracts and Options $ 545,238 $ (332,096) $ 181,484 Other Derivatives (77,034) (202,744) (56,502) Total included in Net Gains (Losses) from Investment Activities $ 468,204 $ (534,840) $ 124,982 Insurance Net investment-related gains (losses): Funds withheld receivable embedded derivatives $ 31,740 $ — $ — Funds withheld payable embedded derivatives 49,491 — — Equity index options 549,987 — — Equity future contracts (263,637) — — Interest rate contracts (146,920) — — Credit risk contracts (400) — — Total included in net investment-related gains (losses) $ 220,261 $ — $ — Derivative contracts designated as hedges Years Ended December 31, 2021 2020 2019 Insurance Revenues: Foreign currency forwards $ 2,484 $ — $ — Total included in net investment-related gains (losses) $ 2,484 $ — $ — Policy benefits and claims: Interest rate swap $ (16,177) $ — $ — Total included in policy benefits and claims $ (16,177) $ — $ — Interest expense: Interest rate swap $ (15,069) $ — $ — Total included in interest expense $ (15,069) $ — $ —
Schedule of Derivative Liabilities at Fair Value	The following table represents the carrying values and fair value adjustments for the hedged items: As of December 31, 2021 Carrying value Fair value of hedge adjustments 2029 Senior Notes $ 473,890 $ (18,808) 2031 Senior Notes 644,439 (5,561) FHLB funding agreement liabilities 1,070,770 (16,092)
Fair Value and Notional Value of Derivative Assets and Liabilities	The fair value and notional value of the derivative assets and liabilities were as follows: As of December 31, 2021 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 12,822,521 $ 590,637 $ 319,511 Other Derivatives 505,725 491 45,003 Total Asset Management 591,128 364,514 Insurance Equity market contracts $ 31,294,053 $ 1,216,843 $ 186,754 Interest rate contracts 16,692,035 198,658 101,245 Foreign currency contracts 1,517,434 32,464 7,639 Credit risk contracts 107,754 — 1,540 Impact of netting (1) (152,015) (152,015) Fair value included within derivative assets and derivative liabilities 1,295,950 145,163 Embedded derivative – indexed universal life products — 557,276 Embedded derivative – annuity products — 1,983,949 Fair value included within policy liabilities — 2,541,225 Embedded derivative – funds withheld at interest 31,740 (49,491) Total Insurance 1,327,690 2,636,897 Fair value included within total assets and liabilities $ 1,918,818 $ 3,001,411 (1) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2020 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 9,837,178 $ 250,398 $ 551,728 Other Derivatives 802,988 7,839 126,950 Total Asset Management 258,237 678,678 Fair value included within total assets and liabilities $ 258,237 $ 678,678
Offsetting Assets	The amount of Global Atlantic's net derivative assets and liabilities after consideration of collateral received or pledged were as follows: As of December 31, 2021 Gross amount recognized Gross amounts offset in the statement of financial position (1) Net amounts presented in the statement of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,447,965 $ (152,015) $ 1,295,950 $ (1,086,061) $ 209,889 Derivative liabilities (excluding embedded derivatives) $ 297,178 $ (152,015) $ 145,163 $ 49,860 $ 95,303 (1) Represents netting of derivative exposures covered by qualifying master netting agreements.
Offsetting Liabilities	The amount of Global Atlantic's net derivative assets and liabilities after consideration of collateral received or pledged were as follows: As of December 31, 2021 Gross amount recognized Gross amounts offset in the statement of financial position (1) Net amounts presented in the statement of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,447,965 $ (152,015) $ 1,295,950 $ (1,086,061) $ 209,889 Derivative liabilities (excluding embedded derivatives) $ 297,178 $ (152,015) $ 145,163 $ 49,860 $ 95,303 (1) Represents netting of derivative exposures covered by qualifying master netting agreements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities at fair value	The following tables summarize the valuation of assets and liabilities measured and reported at fair value by the fair value hierarchy. Investments classified as Equity Method - Other, for which the fair value option has not been elected, and Equity Method - Capital Allocation-Based Income have been excluded from the tables below. Assets, at fair value: December 31, 2021 Level I Level II Level III Total Asset Management Private Equity $ 2,044,380 $ 318,736 $ 23,322,634 $ 25,685,750 Credit — 2,122,912 5,826,661 7,949,573 Investments of Consolidated CFEs — 22,076,809 — 22,076,809 Real Assets — 1,111,219 11,389,530 12,500,749 Equity Method - Other 482,061 105,647 1,013,807 1,601,515 Other Investments 759,002 146,081 3,240,013 4,145,096 Total Investments 3,285,443 25,881,404 44,792,645 73,959,492 Foreign Exchange Contracts and Options — 590,637 — 590,637 Other Derivatives — 12 479 (1) 491 Total Assets at Fair Value - Asset Management $ 3,285,443 $ 26,472,053 $ 44,793,124 $ 74,550,620 Insurance AFS fixed maturity securities: U.S. government and agencies $ 500,325 $ 284,222 $ — $ 784,547 U.S. state, municipal and political subdivisions — 5,109,697 — 5,109,697 Corporate — 33,281,727 7,650,660 40,932,387 Structured securities — 21,215,854 828,401 22,044,255 Total AFS fixed maturity securities 500,325 59,891,500 8,479,061 68,870,886 Trading fixed maturity securities: U.S. government and agencies 371,366 252,266 — 623,632 U.S. state, municipal and political subdivisions — 879,463 — 879,463 Corporate — 8,486,922 565,025 9,051,947 Structured securities — 2,779,757 418,774 3,198,531 Total trading fixed maturity securities 371,366 12,398,408 983,799 13,753,573 Equity securities 256,196 — 32,937 289,133 Mortgage and other loan receivables (2) — — 832,674 832,674 Other investments (3) — — 1,603,345 1,603,345 Funds withheld receivable at interest — — 31,740 31,740 Reinsurance recoverable — — 1,293,791 1,293,791 Derivative assets: Equity market contracts 66,510 1,150,333 — 1,216,843 Interest rate contracts 44,472 154,186 — 198,658 Foreign currency contracts — 32,464 — 32,464 Impact of netting (4) (25,588) (126,427) — (152,015) Total derivative assets 85,394 1,210,556 — 1,295,950 Separate account assets 5,586,428 — — 5,586,428 Total Assets at Fair Value - Insurance $ 6,799,709 $ 73,500,464 $ 13,257,347 $ 93,557,520 Total Assets at Fair Value $ 10,085,152 $ 99,972,517 $ 58,050,471 $ 168,108,140 December 31, 2020 Level I Level II Level III Total Asset Management Private Equity $ 2,758,396 $ 2,476,823 $ 15,234,904 $ 20,470,123 Credit — 2,031,057 9,172,848 11,203,905 Investments of Consolidated CFEs — 17,706,976 — 17,706,976 Real Assets — 172,043 5,924,575 6,096,618 Equity Method - Other 485,988 7,254 1,014,378 1,507,620 Other Investments 434,481 88,760 2,341,981 2,865,222 Total Investments 3,678,865 22,482,913 33,688,686 59,850,464 Foreign Exchange Contracts and Options — 250,398 — 250,398 Other Derivatives 442 729 6,668 (1) 7,839 Total Assets at Fair Value - Asset Management $ 3,679,307 $ 22,734,040 $ 33,695,354 $ 60,108,701 Total Assets at Fair Value $ 3,679,307 $ 22,734,040 $ 33,695,354 $ 60,108,701 (1) Includes derivative assets that were valued using a third-party valuation firm. The approach used to estimate the fair value of these derivative assets was generally the discounted cash flow method, which includes consideration of the current portfolio, projected portfolio construction, projected portfolio realizations, portfolio volatility (based on the volatility, correlation, and size of each underlying asset class), and the discounting of future cash flows to the reporting date. (2) Includes related party balance of $27.3 million in Level III for mortgage and other loan receivables. (3) Other investments excluded from the fair value hierarchy include certain real estate and private equity funds for which fair value is measured at net asset value per share as a practical expedient. As of December 31, 2021, the fair value of these investments was $108.7 million. (4) Represents netting of derivative exposures covered by qualifying master netting agreements. Liabilities, at fair value: December 31, 2021 Level I Level II Level III Total Asset Management Securities Sold Short $ 249,383 $ — $ — $ 249,383 Foreign Exchange Contracts and Options — 319,511 — 319,511 Unfunded Revolver Commitments — — 64,276 (1) 64,276 Other Derivatives — 45,003 — 45,003 Debt Obligations of Consolidated CFEs — 21,271,084 — 21,271,084 Total Liabilities at Fair Value - Asset Management $ 249,383 $ 21,635,598 $ 64,276 $ 21,949,257 Insurance Policy liabilities $ — $ — $ 519,454 $ 519,454 Closed block policy liabilities — — 1,350,224 1,350,224 Funds withheld payable at interest — — (49,491) (49,491) Derivative instruments payable: Equity market contracts 33,933 152,821 — 186,754 Interest rate contracts 14,009 87,236 — 101,245 Foreign currency contracts — 7,639 — 7,639 Credit contracts — 1,540 — 1,540 Impact of netting (2) (25,588) (126,427) — (152,015) Total derivative instruments payable 22,354 122,809 — 145,163 Reinsurance liabilities — — — — Embedded derivative – indexed universal life products — — 557,276 557,276 Embedded derivative – annuity products — — 1,983,949 1,983,949 Total Liabilities at Fair Value - Insurance $ 22,354 $ 122,809 $ 4,361,412 $ 4,506,575 Total Liabilities at Fair Value $ 271,737 $ 21,758,407 $ 4,425,688 $ 26,455,832 December 31, 2020 Level I Level II Level III Total Asset Management Securities Sold Short $ 281,826 $ — $ — $ 281,826 Foreign Exchange Contracts and Options — 551,728 — 551,728 Unfunded Revolver Commitments — — 46,340 (1) 46,340 Other Derivatives 76,930 50,020 — 126,950 Debt Obligations of Consolidated CFEs — 17,372,740 — 17,372,740 Total Liabilities at Fair Value - Asset Management $ 358,756 $ 17,974,488 $ 46,340 $ 18,379,584 Total Liabilities at Fair Value $ 358,756 $ 17,974,488 $ 46,340 $ 18,379,584 (1) These unfunded revolver commitments are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments. (2) Represents netting of derivative exposures covered by qualifying master netting agreement.
Summary of changes in assets and liabilities reported at fair value for which Level III inputs have been used to determine fair value	The following tables summarize changes in assets and liabilities measured and reported at fair value for which Level III inputs have been used to determine fair value for the years ended December 31, 2021 and 2020, respectively. The format of the tables has been modified to include the insurance assets and liabilities and, as such, the prior period presentation has been modified accordingly. For certain insurance disclosures, the beginning of the period represents balances as of the GA Acquisition Date. For the Year Ended December 31, 2021 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation (1) Transfers Transfers Out Net Purchases/Issuances/Sales/Settlements Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date Assets Asset Management Private Equity $ 15,234,904 $ — $ 5,034 $ (504,112) $ 2,672,278 $ 5,914,530 $ — $ 23,322,634 $ 5,610,159 $ — Credit 9,172,848 (5,461,589) 86,135 — 1,898,617 120,236 10,414 5,826,661 143,647 10,414 Real Assets 5,924,575 (208,518) 17,567 (1,914,962) 5,996,313 1,574,555 — 11,389,530 1,443,458 — Equity Method - Other 1,014,378 — — (22,601) (250,391) 272,421 — 1,013,807 222,087 — Other Investments 2,341,981 (2,879) 18,780 (115,274) 518,817 478,588 — 3,240,013 520,477 — Other Derivatives 6,668 — — — 49,978 (56,167) — 479 (56,167) — Total Assets - Asset Management 33,695,354 (5,672,986) 127,516 (2,556,949) 10,885,612 8,304,163 10,414 44,793,124 7,883,661 10,414 Insurance AFS fixed maturity securities: Corporate fixed maturity securities 3,504,578 — 111,805 (65,664) 4,112,225 — (12,284) 7,650,660 — 5,973 Structured securities 197,970 — 398,477 (4,150) 240,561 — (4,457) 828,401 — (808) Total AFS fixed maturity securities 3,702,548 — 510,282 (69,814) 4,352,786 — (16,741) 8,479,061 — 5,165 Trading fixed maturity securities: Corporate fixed maturity securities 676,650 — — — (111,516) (109) — 565,025 (1,332) — Structured securities 14,661 — 172,721 (4,150) 235,581 (39) — 418,774 940 — Total trading fixed maturity securities 691,311 — 172,721 (4,150) 124,065 (148) — 983,799 (392) — Equity securities 66,660 — — — (86,778) 53,055 — 32,937 20,292 — Mortgage and other loan receivables 928,673 — — — (98,120) 2,121 — 832,674 (1,515) — Other investments 437,275 — 5,003 — 630,457 530,610 — 1,603,345 3,666 — Funds withheld receivable at interest — — — — — 31,740 — 31,740 — — Reinsurance recoverable 1,339,702 — — — (9,864) (36,047) — 1,293,791 — — Total Assets - Insurance 7,166,169 — 688,006 (73,964) 4,912,546 581,331 (16,741) 13,257,347 22,051 5,165 Total $ 40,861,523 $ (5,672,986) $ 815,522 $ (2,630,913) $ 15,798,158 $ 8,885,494 $ (6,327) $ 58,050,471 $ 7,905,712 $ 15,579 (1) Primarily includes investments held by KREF that were deconsolidated as of December 31, 2021. See Note 2 "Summary of Significant Accounting Policies." For the Year Ended December 31, 2020 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Issuances/Sales/Settlements Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities related to Level III Assets and Liabilities still held as of the Reporting Date Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date Assets Asset Management Private Equity $ 9,871,682 $ — $ 780,833 $ (413,330) $ 2,159,106 $ 2,836,613 $ — $ 15,234,904 $ 2,537,525 $ — Credit 9,217,759 231,872 — (3,287) 370,845 (654,724) 10,383 9,172,848 (555,211) 10,383 Real Assets 3,567,944 (230,163) 197,972 (113,770) 2,612,071 (109,479) — 5,924,575 (157,245) — Equity Method - Other 1,656,045 (20,523) 136,374 (836,021) 92,841 (14,338) — 1,014,378 10,958 — Other Investments 2,154,755 — — (2,473) 435,456 (245,757) — 2,341,981 (158,516) — Other Derivatives 21,806 — — — 15,740 (30,878) — 6,668 (17,527) — Total Assets - Asset Management $ 26,489,991 $ (18,814) $ 1,115,179 $ (1,368,881) $ 5,686,059 $ 1,781,437 $ 10,383 $ 33,695,354 $ 1,659,984 $ 10,383 For the Year Ended December 31, 2021 Purchases Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 3,400,895 $ (728,617) $ — $ 2,672,278 Credit 5,840,132 (3,612,448) (329,067) 1,898,617 Real Assets 8,124,055 (2,127,742) — 5,996,313 Equity Method - Other 23,110 (273,501) — (250,391) Other Investments 921,181 (402,364) — 518,817 Other Derivatives 49,978 — — 49,978 Total Assets - Asset Management 18,359,351 (7,144,672) (329,067) 10,885,612 Insurance AFS fixed maturity securities: Corporate fixed maturity securities 7,165,017 (71,254) (2,981,538) 4,112,225 Structured securities 268,050 — (27,489) 240,561 Total AFS fixed maturity securities 7,433,067 (71,254) (3,009,027) 4,352,786 Trading fixed maturity securities: Corporate fixed maturity securities 893,521 (2,114) (1,002,923) (111,516) Structured securities 240,119 — (4,538) 235,581 Total trading fixed maturity securities 1,133,640 (2,114) (1,007,461) 124,065 Equity securities 4,077 (83,864) (6,991) (86,778) Mortgage and other loan receivables 413,335 (26,676) (484,779) (98,120) Other investments 1,164,713 (534,256) — 630,457 Reinsurance recoverable — — (9,864) (9,864) Total Assets - Insurance 10,148,832 (718,164) (4,518,122) 4,912,546 Total $ 28,508,183 $ (7,862,836) $ (4,847,189) $ 15,798,158 For the Year Ended December 31, 2020 Purchases Sales Settlements Net Purchases/Issuances/Sales/Settlements Assets Asset Management Private Equity $ 3,610,965 $ (1,451,859) $ — $ 2,159,106 Credit 3,097,652 (2,652,896) (73,911) 370,845 Real Assets 3,089,791 (477,720) — 2,612,071 Equity Method - Other 183,893 (91,052) — 92,841 Other Investments 515,964 (80,508) — 435,456 Other Derivatives 17,100 (1,360) — 15,740 Total Assets - Asset Management $ 10,515,365 $ (4,755,395) $ (73,911) $ 5,686,059 For the Year Ended December 31, 2021 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Sales/Settlements/Issuances Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Liabilities Asset Management Unfunded Revolver Commitments $ 46,340 $ — $ — $ — $ 311 $ 17,625 $ — $ 64,276 $ 17,625 Total Liabilities - Asset Management 46,340 — — — 311 17,625 — 64,276 17,625 Insurance Policy liabilities 637,729 — — — — (118,275) — 519,454 — Closed block policy liabilities 1,395,746 — — — (41,829) (4,463) 770 1,350,224 — Funds withheld payable at interest — — — — — (49,491) — (49,491) — Embedded derivative – indexed universal life products 386,746 — — — (2,702) 173,232 — 557,276 — Embedded derivative – annuity products 1,024,601 — — — 311,778 647,570 — 1,983,949 — Total Liabilities - Insurance 3,444,822 — — — 267,247 648,573 770 4,361,412 — Total $ 3,491,162 $ — $ — $ — $ 267,558 $ 666,198 $ 770 $ 4,425,688 $ 17,625 For the Year Ended December 31, 2020 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation Transfers In Transfers Out Net Purchases/Sales/Settlements/Issuances Net Unrealized and Realized Gains (Losses) Change in OCI Balance, End of Period Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date Liabilities Asset Management Unfunded Revolver Commitments $ 75,842 $ — $ — $ — $ (2,464) $ (27,038) $ — $ 46,340 $ (27,038) Total Liabilities - Asset Management $ 75,842 $ — $ — $ — $ (2,464) $ (27,038) $ — $ 46,340 $ (27,038) For the Year Ended December 31, 2021 Issuances Settlements Net settlements/Issuances Liabilities Asset Management Unfunded Revolver Commitments $ 12,169 $ (11,858) $ 311 Total Liabilities - Asset Management 12,169 (11,858) 311 Insurance Closed block policy liabilities — (41,829) (41,829) Embedded derivative – indexed universal life products 15,549 (18,251) (2,702) Embedded derivative – annuity products 311,778 — 311,778 Total Liabilities - Insurance 327,327 (60,080) 267,247 Total $ 339,496 $ (71,938) $ 267,558 For the Year Ended December 31, 2020 Issuances Settlements Net settlements/Issuances Liabilities Asset Management Unfunded Revolver Commitments $ — $ (2,464) $ (2,464) Total Liabilities - Asset Management $ — $ (2,464) $ (2,464)
Summary of valuation methodologies used for assets, measured at fair value and categorized within Level III	The following table presents additional information about valuation methodologies and significant unobservable inputs used for financial assets and liabilities that are measured and reported at fair value and categorized within Level III as of December 31, 2021. Because input information includes only those items for which information is reasonably available, balances shown below may not equal total amounts reported for such Level III assets and liabilities: Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Private Equity $ 23,322,634 Private Equity $ 20,378,885 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.6% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 26.9% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 62.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 10.4% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 18.5x 9.9x - 35.6x Increase Enterprise Value/Forward EBITDA Multiple 16.5x 7.4x - 28.2x Increase Discounted cash flow Weighted Average Cost of Capital 9.3% 3.7% - 15.2% Decrease Enterprise Value/LTM EBITDA Exit Multiple 13.8x 6.0x - 18.0x Increase Growth Equity $ 2,943,749 Inputs to market comparables, discounted cash flow and milestones Illiquidity Discount 9.1% 5.0% - 20.0% Decrease Weight Ascribed to Market Comparables 41.1% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 1.9% 0.0% - 50.0% (5) Weight Ascribed to Milestones 57.0% 0.0% - 100.0% (6) Scenario Weighting Base 77.2% 70.0% - 80.0% Increase Downside 5.9% 0.0% - 10.0% Decrease Upside 16.9% 10.0% - 25.0% Increase Credit $ 5,826,661 Yield Analysis Yield 8.2% 4.5% - 30.3% Decrease Net Leverage 6.1x 0.3x - 33.6x Decrease EBITDA Multiple 13.0x 1.0x - 34.0x Increase Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Real Assets $ 11,389,530 Energy $ 865,717 Inputs to market comparables and discounted cash flow Weight Ascribed to Market Comparables 38.2% 0.0% - 50.0% (4) Weight Ascribed to Discounted Cash Flow 61.8% 50.0% - 100.0% (5) Market comparables Enterprise Value/LTM EBITDA Multiple 4.6x 4.6x - 4.6x Increase Enterprise Value/Forward EBITDA Multiple 4.8x 4.0x - 7.6x Increase Discounted cash flow Weighted Average Cost of Capital 12.6% 10.0% - 15.9% Decrease Average Price Per BOE (8) $48.70 $46.58 - $52.82 Increase Infrastructure $ 3,782,604 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 5.0% 5.0% - 5.0% Decrease Weight Ascribed to Market Comparables 1.5% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 38.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 60.2% 0.0% - 100.0% (6) Market comparables Enterprise Value/Forward EBITDA Multiple 10.7x 10.7x - 10.7x Increase Discounted cash flow Weighted Average Cost of Capital 6.4% 4.7% - 8.4% Decrease Enterprise Value/LTM EBITDA Exit Multiple 12.1x 10.0x - 12.9x Increase Real Estate $ 6,741,209 Inputs to direct income capitalization, discounted cash flow and transaction price Weight Ascribed to Direct Income Capitalization 15.4% 0.0% - 100.0% (7) Weight Ascribed to Discounted Cash Flow 69.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 15.3% 0.0% - 100.0% (6) Direct income capitalization Current Capitalization Rate 5.1% 3.8% - 7.4% Decrease Discounted cash flow Unlevered Discount Rate 6.3% 4.0% - 18.0% Decrease Equity Method - Other $ 1,013,807 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.5% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 33.8% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 26.3% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 39.9% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 14.1x 10.4x - 19.4x Increase Enterprise Value/Forward EBITDA Multiple 13.2x 9.0x - 19.2x Increase Discounted cash flow Weighted Average Cost of Capital 8.5% 5.8% - 15.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 10.3x 6.0x - 15.0x Increase Other Investments $ 3,240,013 (9) Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 10.3% 10.0% - 20.0% Decrease Weight Ascribed to Market Comparables 16.3% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 54.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 29.0% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 12.0x 0.8x - 29.5x Increase Enterprise Value/Forward EBITDA Multiple 9.5x 0.8x - 15.8x Increase Discounted cash flow Weighted Average Cost of Capital 13.8% 7.6% - 25.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 8.1x 5.1x - 11.0x Increase INSURANCE Corporate fixed maturity securities $ 1,751,150 Discounted cash flow Discount Spread 2.01% —% - 4.73% Decrease Structured securities $ 138,712 Discounted cash flow Discount Spread 3.01% 2.15% - 5.80% Decrease Constant Prepayment Rate 7.30% 5.00% - 15.00% Increase/Decrease Constant Default Rate 1.17% 1.00% - 2.50% Decrease Loss Severity 100% Decrease Other investments $ 1,447,957 Direct capitalization Current Capitalization Rate 5.54% 4.95% - 6.05% Decrease Vacancy rate 5.00% Decrease Discounted cash flow Yield 8.00% Decrease Level III Assets Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Funds withheld receivable at interest $ 31,740 Discounted cash flow Duration/Weighted Average Life 9.88 years 0.0 years - 23.2 years Increase Contractholder Persistency 6.03% 3.30% - 17.10% Increase Nonperformance Risk 0.37% - 1.10% Decrease Reinsurance recoverable $ 1,293,791 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption The average expense assumption is between $5.26 and $78.00 per policy, increased by inflation. Increase Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. Expense risk margin 9.42% Decrease Cost of capital 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 2.55% Increase Surrender Rate 5.33% Increase (1) In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. KKR has determined that market participants would take these inputs into account when valuing the investments and debt obligations. LTM means last twelve months and EBITDA means earnings before interest, taxes, depreciation and amortization. (2) Inputs were weighted based on the fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. (4) The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach and transaction price. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach and transaction price. (5) The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach, transaction price and direct income capitalization approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach, transaction price and direct income capitalization approach. (6) The directional change from an increase in the weight ascribed to the transaction price or milestones would increase the fair value of the Level III investments if the transaction price or milestones results in a higher valuation than the market comparables and discounted cash flow approach. The opposite would be true if the transaction price or milestones results in a lower valuation than the market comparables approach and discounted cash flow approach. (7) The directional change from an increase in the weight ascribed to the direct income capitalization approach would increase the fair value of the Level III investments if the direct income capitalization approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the direct income capitalization approach results in a lower valuation than the discounted cash flow approach. (8) The total energy fair value amount includes multiple investments (in multiple locations throughout North America) that are held in multiple investment funds and produce varying quantities of oil, condensate, natural gas liquids, and natural gas. Commodity price may be measured using a common volumetric equivalent where one barrel of oil equivalent ("BOE"), is determined using the ratio of six thousand cubic feet of natural gas to one barrel of oil, condensate or natural gas liquids. The price per BOE is provided to show the aggregate of all price inputs for the various investments over a common volumetric equivalent although the valuations for specific investments may use price inputs specific to the asset for purposes of our valuations. The discounted cash flows include forecasted production of liquids (oil, condensate, and natural gas liquids) and natural gas with a forecasted revenue ratio of approximately 91% liquids and 9% natural gas. (9) Consists primarily of investments in common stock, preferred stock, warrants and options of companies that are not private equity, real assets, credit, equity method - other or investments of consolidated CFEs. Level III Liabilities Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Unfunded Revolver Commitments $ 64,276 Yield Analysis Yield 5.6% 3.9% - 6.9% Decrease INSURANCE Policy liabilities $ 519,454 Present value of best estimate liability cash flows. Unobservable inputs include a market participant view of the risk margin included in the discount rate which reflects the variability of the cash flows. Risk Margin Rate 0.37% - 1.25% Decrease Policyholder behavior is also a significant unobservable input, including surrender and mortality. Surrender Rate 3.10% - 7.09% Increase Mortality Rate 3.73% - 8.34% Increase Closed block policy liabilities $ 1,350,224 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption The average expense assumption is between $5.26 and $78.00 per policy, increased by inflation. Increase Nonperformance Risk 0.37% - 1.10% Decrease Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. Expense Risk Margin 9.42% Decrease Cost of Capital 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 2.55% Increase Surrender Rate 5.33% Increase Funds withheld payable at interest $ (49,491) Discounted cash flow Duration/Weighted Average Life 9.87 years 0.0 years - 20.3 years Decrease Contractholder Persistency 6.03% 3.30% - 17.10% Decrease Nonperformance Risk 0.37% - 1.10% Decrease Embedded derivative – indexed universal life products $ 557,276 Policy persistency is a significant unobservable input. Lapse Rate 3.71% Decrease Mortality Rate 0.68% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption 3.60% Increase Nonperformance Risk 0.37% - 1.10% Decrease Level III Liabilities Fair Value December 31, 2021 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Embedded derivative – annuity products $ 1,983,949 Policyholder behavior is a significant unobservable input, including utilization and lapse. Utilization: Fixed-indexed annuity 3.69% Decrease Variable annuity 4.23% 2.30% - 33.23% Decrease Surrender Rate: Fixed-indexed annuity 10.13% Decrease Variable annuity 3.86% - 41.56% Decrease Mortality Rate: Fixed-indexed annuity 1.97% Decrease Variable annuity 1.36% - 7.44% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption: Retail RIA 1.61% Increase Fixed-indexed annuity 2.03% Increase Variable annuity n/a Nonperformance Risk 0.37% - 1.10% Decrease (1) In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. KKR has determined that market participants would take these inputs into account when valuing the investments and debt obligations. LTM means last twelve months, and EBITDA means earnings before interest, taxes, depreciation and amortization. (2) Inputs were weighted based on the fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.
Summary of financial instruments not carried at fair value	The following tables present carrying amounts and fair values of Global Atlantic’s financial instruments which are not carried at fair value as of December 31, 2021: Fair Value Hierarchy As of December 31, 2021 Carrying Value Level I Level II Level III Fair Value ($ in thousands) Financial assets: Insurance Mortgage and other loan receivables $ 28,044,085 $ — $ — $ 28,645,675 $ 28,645,675 Policy loans 765,310 — — 754,530 754,530 FHLB common stock and other investments 171,842 — — 171,842 171,842 Funds withheld receivables at interest 2,967,708 — 2,967,708 — 2,967,708 Cash and cash equivalents 3,391,934 3,391,934 — — 3,391,934 Restricted cash and cash equivalents 300,404 300,404 — — 300,404 Total financial assets $ 35,641,283 $ 3,692,338 $ 2,967,708 $ 29,572,047 $ 36,232,093 Financial liabilities: Insurance Other contractholder deposit funds $ 30,295,965 $ — $ 28,419,520 $ — $ 28,419,520 Supplementary contracts without life contingencies 31,118 — — 31,311 31,311 Funding agreements 2,566,410 — — 2,549,494 2,549,494 Funds withheld payables at interest 23,509,744 — 23,509,744 — 23,509,744 Debt obligations 1,908,006 — — 1,953,631 1,953,631 Securities sold under agreements to repurchase 300,446 — 300,446 — 300,446 Total financial liabilities $ 58,611,689 $ — $ 52,229,710 $ 4,534,436 $ 56,764,146

FAIR VALUE OPTION (Tables)

FAIR VALUE OPTION (Tables)	12 Months Ended
FAIR VALUE OPTION (Tables)	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Summary of disclosures of financial instruments for which the fair value option was elected	The following table summarizes the financial instruments for which the fair value option has been elected: December 31, 2021 December 31, 2020 Assets Asset Management Credit $ 2,019,229 $ 5,958,958 Investments of Consolidated CFEs 22,076,809 17,706,976 Real Assets 182,858 177,240 Equity Method - Other 1,601,515 1,507,620 Other Investments 197,675 201,563 Total Asset Management $ 26,078,086 $ 25,552,357 Insurance Mortgage and other loan receivables $ 832,674 $ — Other investments 147,811 — Reinsurance recoverable 1,293,791 — Total Insurance $ 2,274,276 $ — Total Assets $ 28,352,362 $ 25,552,357 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 21,271,084 $ 17,372,740 Total Asset Management $ 21,271,084 $ 17,372,740 Insurance Policy liabilities $ 1,869,678 $ — Total Insurance $ 1,869,678 $ — Total Liabilities $ 23,140,762 $ 17,372,740 The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected: For the Year Ended December 31, 2021 Net Realized Net Unrealized Total Assets Asset Management Credit $ 43,227 $ 19,833 $ 63,060 Investments of Consolidated CFEs 62,075 134,174 196,249 Real Assets (1,133) 16,375 15,242 Equity Method - Other 404,513 (90,867) 313,646 Other Investments 15,816 26,639 42,455 Total Asset Management $ 524,498 $ 106,154 $ 630,652 Insurance Mortgage and other loan receivables — (2,257) (2,257) Other investments — 490,607 490,607 Total Insurance $ — $ 488,350 $ 488,350 Total Assets $ 524,498 $ 594,504 $ 1,119,002 Liabilities Asset Management Debt Obligations of Consolidated CFEs 47,179 (72,376) (25,197) Total Asset Management $ 47,179 $ (72,376) $ (25,197) Insurance Policy liabilities — 122,738 122,738 Total Insurance $ — $ 122,738 $ 122,738 Total Liabilities $ 47,179 $ 50,362 $ 97,541 For the Year Ended December 31, 2020 Net Realized Net Unrealized Total Assets Asset Management Credit $ 18,672 $ (14,743) $ 3,929 Investments of Consolidated CFEs (188,506) 102,798 (85,708) Real Assets 281 (11,545) (11,264) Equity Method - Other (71,214) 331,062 259,848 Other Investments (61,001) 56,437 (4,564) Total Asset Management $ (301,768) $ 464,009 $ 162,241 Insurance Mortgage and other loan receivables — — — Other investments — — — Total Insurance — — — Total Assets $ (301,768) $ 464,009 $ 162,241 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 218 $ (99,721) $ (99,503) Total Asset Management $ 218 $ (99,721) $ (99,503) Insurance Policy liabilities $ — $ — $ — Total Insurance $ — $ — $ — Total Liabilities $ 218 $ (99,721) $ (99,503) For the Year Ended December 31, 2019 Net Realized Net Unrealized Total Assets Asset Management Private Equity $ — $ 194 $ 194 Credit (67,279) (203,666) (270,945) Investments of Consolidated CFEs (57,230) 270,268 213,038 Real Assets 737 (2,038) (1,301) Equity Method - Other 17,373 157,291 174,664 Other Investments 2,652 (24,130) (21,478) Total Asset Management $ (103,747) $ 197,919 $ 94,172 Insurance Mortgage and other loan receivables — — — Other investments — — — Total Insurance — — — Total Assets $ (103,747) $ 197,919 $ 94,172 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ (2,368) $ (362,783) $ (365,151) Total Asset Management $ (2,368) $ (362,783) $ (365,151) Insurance Policy liabilities $ — $ — $ — Total Insurance $ — $ — $ — Total Liabilities $ (2,368) $ (362,783) $ (365,151)

INSURANCE INTANGIBLES, UNEARN_2

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Changes to Deferred Policy Acquisition Costs	The following reflects the changes to the deferred policy acquisition costs ("DAC") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 459,781 Amortized to expense during the period (1) (23,492) Adjustment for unrealized investment-related losses (gains) during the period 11,597 Balance, as of end of period $ 447,886 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.
Changes to Value of Business Acquired Asset	The following reflects the changes to the value of business acquired ("VOBA") asset: Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ 1,024,520 Amortized to expense during the period (1) (65,257) Balance, as of end of period $ 959,263 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.
Changes to Value of Business Acquired Liability	The following reflects the changes to the negative VOBA liability: Year Ended December 31, 2021 Balance, as of Acquisition Date $ 1,273,414 Amortized to expense during the period (1) (154,698) Balance, as of end of period $ 1,118,716 (1) These amounts are reported within amortization of policy acquisition costs in the consolidated statements of operations.
Estimated Future Amortization of VOBA	Estimated future amortization of VOBA and Negative VOBA as of December 31, 2021 is as follows: Years VOBA Negative VOBA Total, net 2022 $ 67,204 $ (129,461) $ (62,257) 2023 63,289 (113,820) (50,531) 2024 59,428 (94,981) (35,553) 2025 55,757 (79,279) (23,522) 2026 52,230 (66,473) (14,243) 2027 and thereafter 661,355 (634,702) 26,653 Total $ 959,263 $ (1,118,716) $ (159,453)
Changes to Unearned Revenue Reserve	The following reflects the changes to the unearned revenue reserve ("URR") and unearned front-end load ("UFEL): Year Ended December 31, 2021 Balance, as of GA Acquisition Date $ — Deferrals 57,649 Amortized to revenue during the period (1) (12,247) Adjustment for unrealized investment-related gains during the period (11,798) Balance, as of end of period $ 33,604 (1) These amounts are reported within policy fees in the consolidated statements of operations.

REINSURANCE (Tables)

REINSURANCE (Tables)	12 Months Ended
REINSURANCE (Tables)	Dec. 31, 2021
Insurance [Abstract]
Effects of Reinsurance Agreements	The effects of all reinsurance agreements on the consolidated statement of financial condition were as follows: December 31, 2021 Policy liabilities: Direct $ 67,131,818 Assumed 59,388,226 Total policy liabilities 126,520,044 Ceded (1) (25,035,228) Net policy liabilities $ 101,484,816 (1) Reported within reinsurance recoverable within the consolidated statement of financial condition. The effects of reinsurance on the consolidated statements of operations were as follows: Year Ended December 31, 2021 Premiums: Direct $ 107,733 Assumed (1) 4,573,925 Ceded (2,455,580) Net premiums $ 2,226,078 _________________ (1) Includes related party activity of $8.7 million for the year ended December 31, 2021. Year Ended December 31, 2021 Policy fees: Direct $ 860,170 Assumed (1) 288,870 Ceded (1,127) Net policy fees $ 1,147,913 _________________ (1) Includes related party activity of $6.2 million for the year ended December 31, 2021. Year Ended December 31, 2021 Policy benefits and claims: Direct $ 2,610,210 Assumed (1) 5,175,944 Ceded (2,730,445) Net policy benefits and claims $ 5,055,709 _________________ (1) Includes related party activity of $76.2 million for the year ended December 31, 2021.
Reinsurance Recoverable and Funds Withheld Receivable at Interest by Credit Quality Indicator	The following shows the amortized cost basis of Global Atlantic’s reinsurance recoverable and funds withheld receivable at interest by credit quality indicator and any associated credit enhancements Global Atlantic has obtained to mitigate counterparty credit risk: As of December 31, 2021 A.M. Best Rating (1) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure A++ $ 7,911 $ — $ 7,911 A+ 1,989,426 — 1,989,426 A 2,652,286 — 2,652,286 A- 5,645,633 5,166,559 479,074 B++ 33,410 — 33,410 B+ 1,122 — 1,122 B 9,227 — 9,227 B- 1,274 — 1,274 Not rated (4) 17,698,613 18,323,795 — Total $ 28,038,902 $ 23,490,354 $ 5,173,730 _________________ (1) Ratings are periodically updated (at least annually) as A.M. Best issues new ratings. (2) At amortized cost, excluding any associated embedded derivative assets and liabilities (3) Includes funds withheld payable at interest and deferred intangible reinsurance assets and liabilities. (4) Includes $17.7 billion associated with cessions to Ivy Re Limited, a Bermuda insurance company and a subsidiary of an unaffiliated investment vehicle that participates in qualifying reinsurance transactions sourced by Global Atlantic.

NET INCOME (LOSS) ATTRIBUTABL_2

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of basic and diluted Net Income (Loss) attributable to KKR & Co. per share of common stock	For the years ended December 31, 2021, 2020 and 2019, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows: For the Years Ended December 31, 2021 2020 2019 Net Income (Loss) Attributable to KKR & Co. Inc. $ 4,560,829 $ 1,945,954 $ 1,971,685 (-) Accumulated Series C Mandatory Convertible Preferred Dividend — 3,067 — Net Income (Loss) Available to KKR & Co. Inc. $ 4,560,829 $ 1,942,887 $ 1,971,685 (+) Series C Mandatory Convertible Preferred Dividend (if dilutive) 69,000 26,258 — Net Income (Loss) Available to KKR & Co. Inc. $ 4,629,829 $ 1,969,145 $ 1,971,685 Basic Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 582,258,984 562,812,883 545,096,999 Net Income (Loss) Attributable to KKR & Co. Inc. $ 7.83 $ 3.45 $ 3.62 Diluted Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 582,258,984 562,812,883 545,096,999 Incremental Common Shares: Assumed vesting of dilutive equity awards 24,011,281 9,823,514 12,590,513 Assumed conversion of Series C Mandatory Convertible Preferred Stock 26,822,600 11,048,955 — Weighted Average Shares of Common Stock Outstanding - Diluted 633,092,865 583,685,352 557,687,512 Net Income (Loss) Attributable to KKR & Co. Inc. $ 7.31 $ 3.37 $ 3.54
Schedule of KKR Holdings shares excluded from the calculation of diluted Net Income (Loss) attributable to KKR & Co. L.P. per share of Common Stock - Diluted	For the Years Ended December 31, 2021 2020 2019 Weighted Average KKR Holdings Units 271,719,976 283,633,220 296,445,196

OTHER ASSETS AND ACCRUED EXPE_2

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
Schedule of other assets	Other Assets consist of the following: December 31, 2021 December 31, 2020 Asset Management Unsettled Investment Sales (1) $ 182,267 $ 197,635 Receivables 81,133 75,697 Due from Broker (2) 365,053 644,028 Deferred Tax Assets, net (See Note 18) 85,770 83,822 Interest Receivable 144,221 145,532 Fixed Assets, net (3) 820,143 760,606 Foreign Exchange Contracts and Options (4) 590,637 250,398 Goodwill (5) 83,500 83,500 Derivative Assets 491 7,839 Prepaid Taxes 93,296 77,041 Prepaid Expenses 29,290 26,366 Operating Lease Right of Use Assets (6) 228,363 190,758 Deferred Financing Costs 17,953 22,810 Other 164,196 99,304 Total Asset Management $ 2,886,313 $ 2,665,336 Insurance Unsettled Investment Sales (1) $ 941,427 $ — Deferred Tax Assets, net 755,876 — Derivative Assets 1,295,950 — Accrued Investment Income 817,486 — Goodwill (8) 501,496 — Intangible Assets and Deferred Sales Inducements (7) 293,824 — Operating Lease Right of Use Assets (6) 160,888 — Other 96,093 — Premiums and Other Account Receivables 86,524 — Current Income Tax Recoverable 103,954 — Total Insurance $ 5,053,518 $ — Total Other Assets $ 7,939,831 $ 2,665,336 (1) Represents amounts due from third parties for investments sold for which cash settlement has not occurred. (2) Represents amounts held at clearing brokers resulting from securities transactions. (3) Net of accumulated depreciation and amortization of $141.6 million and $151.3 million as of December 31, 2021 and December 31, 2020, respectively. Depreciation and amortization expense of $46.5 million, $18.6 million and $17.7 million for the years ended December 31, 2021, 2020 and 2019, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations. (4) Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities - Asset Management" for the net changes in fair value associated with these instruments. (5) As of December 31, 2021, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit. (6) For Asset Management, non-cancelable operating leases consist of leases for office space in North America, Europe, Asia and Australia. KKR is the lessee under the terms of the operating leases. The operating lease cost was $49.0 million and $56.4 million for the year ended December 31, 2021 and 2020, respectively. For Insurance, non-cancelable operating leases consist of leases for office space and land in the U.S. For the year ended December 31, 2021, the operating lease cost was $14.6 million. Insurance lease right-of-use assets are reported net of $22.7 million in deferred rent and lease incentives. The weighted average remaining lease term was 27.9 years as of December 31, 2021. (7) The definite life intangible assets are amortized by using the straight-line method over the useful life of the assets which is an average of 16 years. The indefinite life intangible assets are not subject to amortization. The amortization expense of definite life intangible assets was $16.2 million for the year ended December 31, 2021.
Schedule of accounts payable, accrued expenses and other liabilities	Accrued Expenses and Other Liabilities consist of the following: December 31, 2021 December 31, 2020 Asset Management Amounts Payable to Carry Pool (1) $ 3,650,312 $ 1,916,669 Unsettled Investment Purchases (2) 1,315,163 850,714 Securities Sold Short (3) 249,383 281,826 Derivative Liabilities 45,003 126,950 Accrued Compensation and Benefits 210,789 150,883 Interest Payable 162,801 182,044 Foreign Exchange Contracts and Options (4) 319,511 551,728 Accounts Payable and Accrued Expenses 187,564 130,661 Taxes Payable 42,745 88,040 Uncertain Tax Positions 78,226 76,643 Unfunded Revolver Commitments 64,276 46,340 Operating Lease Liabilities (5) 230,995 191,564 Deferred Tax Liabilities, net (See Note 18) 900,436 199,425 Other Liabilities 439,693 464,326 Total Asset Management $ 7,896,897 $ 5,257,813 Insurance Unsettled Investment Purchases (2) $ 395,722 $ — Collateral on Derivative Instruments 1,086,061 — Accrued Expenses 747,237 — Securities Sold Under Agreements to Repurchase 300,446 — Derivative Liabilities 145,163 — Operating Lease Liabilities (5) 180,574 — Accrued Employee Related Expenses 280,668 — Tax Payable to Former Parent Company 74,423 — Interest Payable 12,930 — Accounts and Commissions Payable 26,054 — Other Tax Related Liabilities 14,288 — Total Insurance $ 3,263,566 $ — Total Accrued Expenses and Other Liabilities $ 11,160,463 $ 5,257,813 (1) Represents the amount of carried interest payable to current and former KKR employees arising from KKR's investment funds and co-investment vehicles that provide for carried interest. (2) Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred. (3) Represents the obligations of KKR to deliver a specified security at a future point in time. Such securities are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities - Asset Management" for the net changes in fair value associated with these instruments. (4) Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign currency denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 4 "Net Gains (Losses) from Investment Activities- Asset Management" for the net changes in fair value associated with these instruments. (5) For Asset Management, operating leases have remaining lease terms that range from approximately 1 year to 14 years, some of which include options to extend the leases for up to 3 years. The weighted average remaining lease terms were 9.5 years and 9.8 years as of December 31, 2021 and 2020, respectively. The weighted average discount rates were 1.2% and 1.2% as of December 31, 2021 and 2020, respectively. For Insurance, operating leases for office space have remaining lease terms that range from approximately 1 year to 12 years, some of which include options to extend the leases for up to 10 years. The weighted average remaining lease terms was 7.8 years as of December 31, 2021. The weighted average discount rates was 2.9% as of December 31, 2021.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of maximum exposure to loss, before allocations to the carry pool and noncontrolling interests, if any, for VIEs	As of December 31, 2021 and 2020, the maximum exposure to loss, before allocations to the carry pool and noncontrolling interests, if any, for those VIEs in which KKR is determined not to be the primary beneficiary but in which it has a variable interest is as follows: December 31, 2021 December 31, 2020 Investments - Asset Management $ 11,539,945 $ 6,460,430 Due from (to) Affiliates, net 1,046,210 586,595 Maximum Exposure to Loss - Asset Management $ 12,586,155 $ 7,047,025 Other Investment in Partnership - Insurance $ 190,106 $ — Investment in Renewable Partnerships - Insurance 30,760 — Maximum Exposure to Loss- Insurance $ 220,866 $ — Total Maximum Exposure to Loss $ 12,807,021 $ 7,047,025

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	12 Months Ended
DEBT OBLIGATIONS (Tables)	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of borrowings	KKR's Asset Management debt obligations consisted of the following: December 31, 2021 December 31, 2020 Financing Available Borrowing Outstanding Fair Value Financing Available Borrowing Outstanding Fair Value Revolving Credit Facilities: Corporate Credit Agreement $ 1,000,000 $ — $ — $ 1,000,000 $ — $ — KCM Credit Agreement 728,799 — — 705,014 — — KCM 364-Day Revolving Credit Agreement 750,000 — — 750,000 — — Notes Issued: (1) KKR ¥25 billion (or $217.3 million) 0.509% Notes Due 2023 (4) — 216,881 216,818 — 241,331 241,580 KKR ¥5 billion (or $43.5 million) 0.764% Notes Due 2025 (4) — 43,082 43,452 — 47,919 48,554 KKR €650 million (or $736.1 million) 1.625% Notes Due 2029 (5) — 729,048 776,926 — 790,157 870,647 KKR $750 million 3.750% Notes Due 2029 (4) — 743,333 825,540 — 742,196 874,658 KKR ¥10.3 billion (or $89.5 million) 1.595% Notes Due 2038 (4) — 88,505 92,198 — 98,640 104,004 KKR $500 million 5.500% Notes Due 2043 (6) (4) — 491,153 661,351 — 492,513 666,885 KKR $1 billion 5.125% Notes Due 2044 (6) (4) — 951,462 1,237,888 — 991,471 1,307,220 KKR $500 million 3.625% Notes Due 2050 (4) — 492,486 535,550 — 492,123 556,095 KKR $750 million 3.500% Notes Due 2050 (6) (4) — 735,905 784,650 — 735,161 830,280 KKR $750 million 3.250% Notes Due 2051 (4) — 739,481 747,900 — — — KKR $500 million 4.625% Notes Due 2061 (5) — 486,044 523,200 — — — KFN $500 million 5.500% Notes Due 2032 (2) — 495,025 487,779 — 494,540 502,992 KFN $120 million 5.200% Notes Due 2033 (2) — 118,654 115,535 — 118,533 118,300 KFN $70 million 5.400% Notes Due 2033 (2) — 68,957 68,532 — 68,866 70,267 KFN Issued Junior Subordinated Notes (3) (2) — 236,138 178,335 — 234,808 165,627 2,478,799 6,636,154 7,295,654 2,455,014 5,548,258 6,357,109 Other Debt Obligations (6) 4,941,755 30,033,601 30,033,601 5,621,883 27,875,338 27,889,438 $ 7,420,554 $ 36,669,755 $ 37,329,255 $ 8,076,897 $ 33,423,596 $ 34,246,547 (1) Borrowing outstanding includes: (i) unamortized note discount (net of premium), as applicable and (ii) unamortized debt issuance costs, as applicable. Financing costs related to the issuance of the notes have been deducted from the note liability and are being amortized over the life of the notes. December 31, 2021 December 31, 2020 KKR Issued 0.509% Notes Due 2023 $ 369 $ 669 KKR Issued 0.764% Notes Due 2025 368 481 KKR Issued 1.625% Notes Due 2029 4,526 5,138 KKR Issued 3.750% Notes Due 2029 4,820 5,710 KKR Issued 1.595% Notes Due 2038 1,002 1,064 KKR Issued 5.500% Notes Due 2043 3,127 3,276 KKR Issued 5.125% Notes Due 2044 7,051 7,367 KKR Issued 3.625% Notes Due 2050 5,046 5,321 KKR Issued 3.500% Notes Due 2050 7,487 8,167 KKR Issued 3.250% Notes Due 2051 8,094 — KKR Issued 4.625% Notes Due 2061 13,956 — KFN Issued 5.500% Notes Due 2032 3,378 3,707 KFN Issued 5.200% Notes Due 2033 1,347 1,467 KFN Issued 5.400% Notes Due 2033 1,043 1,134 $ 61,614 $ 43,501 (2) These debt obligations are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments. (3) KKR consolidates KFN and reports KFN's outstanding $258.5 million aggregate principal amount of junior subordinated notes. The weighted average interest rate is 2.6% and 2.7% and the weighted average years to maturity is 14.8 years and 15.8 years as of December 31, 2021 and December 31, 2020, respectively. (4) The notes are classified as Level II within the fair value hierarchy and fair value is determined by third party broker quotes. (5) The notes are classified as Level I within the fair value hierarchy and fair value is determined by quoted prices in active markets since the debt is publicly listed. (6) As of December 31, 2021, the borrowing outstanding reflects the elimination for the portion of these debt obligations that are held by Global Atlantic. Global Atlantic's debt obligations consisted of the following: December 31, 2021 Financing Available Borrowing Outstanding Fair Value (2) Revolving Credit Facilities: Global Atlantic revolving credit facility, due August 2026 $ 1,000,000 $ — $ — Notes Issued and Others: Global Atlantic senior notes, due October 2029 500,000 539,350 Global Atlantic senior notes, due June 2031 650,000 644,800 Global Atlantic subordinated debentures, due October 2051 750,000 761,475 1,900,000 $ 1,945,625 Purchase accounting adjustments (1) 51,050 Debt issuance costs, net of accumulated amortization (18,675) Fair value loss (gain) of hedged debt obligations, recognized in earnings (24,369) $ 1,908,006 (1) The amortization of the purchase accounting adjustments was $4.9 million for the year ended December 31, 2021. (2) These debt obligations are classified as Level III within the fair value hierarchy and valued using the same valuation methodologies as KKR's Level III credit investments.
Schedule of other debt obligations	Other Asset Management Debt Obligations As of December 31, 2021, other debt obligations consisted of the following: Financing Available Borrowing Fair Value Weighted Weighted Average Remaining Maturity in Years Financing Facilities of Consolidated Funds and Other (1) $ 4,941,755 $ 8,762,517 $ 8,762,517 3.1% 4.0 Debt Obligations of Consolidated CLOs — 21,271,084 21,271,084 (2) 10.6 $ 4,941,755 $ 30,033,601 $ 30,033,601 (1) Includes borrowings collateralized by fund investments, fund co-investments and other assets held by levered investment vehicles of $1.9 billion. (2) The senior notes of the consolidated CLOs had a weighted average interest rate of 1.8%. The subordinated notes of the consolidated CLOs do not have contractual interest rates but instead receive a pro rata amount of the net distributions from the excess cash flows of the respective CLO vehicle. Accordingly, weighted average borrowing rates for the subordinated notes are based on cash distributions during the period, if any.
Schedule of principal payments for debt obligations	Scheduled principal payments for Asset Management debt obligations at December 31, 2021 are as follows: Revolving Credit Facilities Notes Issued Other Debt Obligations Total 2022 — — 4,390,820 4,390,820 2023 — 217,250 660,521 877,771 2024 — — 58,400 58,400 2025 — 43,450 196,169 239,619 2026 — — 152,767 152,767 Thereafter — 6,524,084 24,671,011 31,195,095 $ — $ 6,784,784 $ 30,129,688 $ 36,914,472 Scheduled principal payments for Insurance debt obligations at December 31, 2021 are as follows: Revolving Credit Facilities Notes Issued Other Debt Obligations Total 2022 $ — $ — $ — $ — 2023 — — — — 2024 — — — — 2025 — — — — 2026 — — — — Thereafter — 1,900,000 — 1,900,000 $ — $ 1,900,000 $ — $ 1,900,000

POLICY LIABILITIES (Tables)

POLICY LIABILITIES (Tables)	12 Months Ended
POLICY LIABILITIES (Tables)	Dec. 31, 2021
Insurance [Abstract]
Policy Liabilities by Product	Policy liabilities by product were as follows as of December 31, 2021: As of December 31, 2021 Fixed-rate annuity (1) $ 61,827,855 Fixed-indexed annuity 27,935,000 Indexed universal life 12,133,840 Other life insurance 11,840,323 Funding agreements 6,014,553 Preneed 2,897,018 Variable annuity 2,469,759 Closed blocks 1,351,601 Other 50,095 Total $ 126,520,044 (1) Policy liabilities as of December 31, 2021 include $7.6 billion assumed disability income insurance of which 97% are comprised of policies in claim payout status, generally for the lifetime of the insured, and the remaining 3% comprised of an active life reserve where the Global Atlantic has retroceded the morbidity risk, respectively.
GMDB and GMWB Reserve Activity	The following table shows the balance of the GMDB reserves (as well as a rider for a long-term care benefit) reported in contractholder deposit funds and other policy liabilities in the consolidated statements of financial condition. The GMDB exposure includes reinsurance assumed. Year ended December 31, 2021 Balance, as of beginning of year $ 110,243 Expense incurred 28,352 Claims paid (15,011) Reinsurance premium paid (13,267) Claims ceded to reinsurers 9,388 Balance, as of end of year $ 119,705 The following table shows the balance of the GMWB reserves reported in contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets: Year ended December 31, 2021 Balance, as of beginning of year $ 872,914 Expense incurred 137,932 Balance, as of end of year $ 1,010,846
Net Amount of Risk by Product and Guarantee	The following table presents the account value, net amount at risk and average attained age of underlying variable annuity contractholders for guarantees in the event of death as of December 31, 2021. The net amount at risk is the death benefit coverage in-force or the amount that Global Atlantic would have to pay if all variable annuity contractholders had died as of the specified date, and represents the excess of the guaranteed benefit over the account value. As of December 31, 2021 ($ in thousands, except for contractholders information) Net deposits paid Account value $ 4,615,409 Net amount at risk $ 95,467 Average attained age of contractholders 69 Ratchet (highest historical account value at specified anniversary dates) Account value $ 512,683 Net amount at risk $ 15,827 Average attained age of contractholders 72 Roll-up (net deposits accumulated at a specified rate) Account value $ 11,053 Net amount at risk $ 1,801 Average attained age of contractholders 84 Higher of ratchet or roll-up Account value $ 1,694,832 Net amount at risk $ 278,424 Average attained age of contractholders 77 Total of guaranteed benefits categorized above Account value $ 6,833,977 Net amount at risk $ 391,519 Average attained age of contractholders (weighted by account value) 71 Number of contractholders 77,059 The following table presents the account value, net amount at risk and number of contractholders for annuity contracts with guaranteed withdrawal benefits as of December 31, 2021: As of December 31, 2021 ($ in thousands, except for contractholders information) Account value $ 11,057,318 Net amount at risk $ 3,655,914 Number of contractholders 80,955
Closed Block Assets & Liabilities	Summarized financial information of Global Atlantic’s closed blocks is as follows: As of December 31, 2021 Assets Total investments $ 2,964 Cash and cash equivalents 2,904 Accrued investment income 35 Reinsurance recoverable 1,293,791 Deferred income taxes 59,902 Total assets 1,359,596 Liabilities Future policy benefits 1,226,231 Outstanding claims 28,655 Contractholder deposit funds and other liabilities 1,074 Policyholder dividend obligation at fair value (1) 81,280 Policyholder dividends payable at fair value (1) 11,096 Total policy liabilities 1,348,336 Accrued expenses and other liabilities 10,412 Total liabilities 1,358,748 Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities $ (848) (1) Included within contractholder deposit funds and other policyholder liabilities in the consolidated balance sheets. Year ended December 31, 2021 Revenues Premiums and other income $ 660 Net investment expense (28) Total revenues 632 Benefits and expenses Policy benefits (5,652) Other expenses 8 Total benefits and expenses (5,644) Net contribution from the closed blocks 6,276 Income tax (benefit) expense (3,026) Net income (loss) $ 9,302
Contractholder Deposit Funds with Embedded Derivatives	The following table shows the balances of the account value and embedded derivatives reported in policy liabilities in the consolidated statements of financial condition: As of December 31, 2021 Account value $ 28,537,784 Embedded derivatives $ 2,541,225

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	ncome before income taxes includes the following components: For the Years Ended December 31, 2021 2020 2019 Income before Income Taxes: United States $ 13,160,722 $ 5,534,251 $ 5,042,319 Foreign 487,727 192,444 125,971 Total Income before Income Taxes $ 13,648,449 $ 5,726,695 $ 5,168,290
Schedule of Components of Income Tax Expense (Benefit)	The provision (benefit) for income taxes consists of the following: For the Years Ended December 31, 2021 2020 2019 Current Federal $ 344,052 $ 181,838 $ 56,046 State and Local 40,336 29,033 10,925 Foreign 81,370 49,962 38,238 Subtotal 465,758 260,833 105,209 Deferred Federal 793,540 289,700 428,110 State and Local 97,063 36,460 49,148 Foreign (3,091) 22,104 (53,717) Subtotal 887,512 348,264 423,541 Total Income Taxes $ 1,353,270 $ 609,097 $ 528,750
Schedule of Effective Income Tax Rate Reconciliation	The following table reconciles the U.S. Federal Statutory Tax Rate to the Effective Income Tax Rate: For the Years Ended December 31, 2021 2020 2019 Statutory U.S. Federal Income Tax Rate 21.0 % 21.0 % 21.0 % Income not attributable to KKR & Co. Inc. (1) (14.0) % (13.9) % (13.1) % Foreign Income Taxes 0.3 % 0.8 % (0.3) % State and Local Income Taxes 0.8 % 0.8 % 0.9 % Compensation Charges Borne by KKR Holdings 2.8 % 2.4 % 2.8 % Conversion Benefit — % — % (0.9) % Change in Valuation Allowance — % 0.4 % — % Other (1.0) % (0.9) % (0.1) % Effective Income Tax Rate 9.9 % 10.6 % 10.3 % (1) Represents primarily income attributable to (i) noncontrolling interests for all periods. This item also includes investment income of certain entities and net carried interest of certain general partners of KKR investment funds that were not subject to U.S. federal income taxes prior to the conversion of KKR & Co. L.P. to KKR & Co. Inc.
Schedule of Deferred Tax Assets and Liabilities	A summary of the tax effects of the temporary differences is as follows: Asset Management December 31, 2021 December 31, 2020 Deferred Tax Assets Fund Management Fee Credits $ 98,165 $ 82,511 Equity Based Compensation 34,116 31,518 KKR Holdings Unit Exchanges (1) 449,683 233,516 Depreciation and Amortization (2) 212,063 259,801 Operating Lease Liability 40,101 32,213 Net Operating Loss Carryforwards 58,764 54,958 Other 37,833 24,836 Total Deferred Tax Assets before Valuation Allowance 930,725 719,353 Valuation Allowance (23,082) (23,082) Total Deferred Tax Assets 907,643 696,271 Deferred Tax Liabilities Investment Basis Differences / Net Unrealized Gains & Losses (2) 1,662,353 779,661 Operating Lease Right-of-Use Asset 40,101 32,213 Other 19,855 — Total Deferred Tax Liabilities 1,722,309 811,874 Total Deferred Taxes, Net $ (814,666) $ (115,603) (1) In connection with exchanges of KKR Holdings units into common stock of KKR & Co. Inc., KKR records a deferred tax asset associated with an increase in KKR & Co. Inc.'s share of the tax basis of the tangible and intangible assets of KKR Group Partnership. This amount is offset by an adjustment to record amounts due to KKR Holdings and principals under the tax receivable agreement, which is included within Due to Affiliates in the consolidated statements of financial condition. The net impact of these adjustments was recorded as an adjustment to equity at the time of the exchanges. (2) This deferred tax item includes a portion of the tax benefit KKR recognized as a result of the step-up in tax basis generated by the conversion of KKR & Co. L.P. to KKR & Co. Inc. Insurance December 31, 2021 December 31, 2020 Deferred Tax Assets Insurance Reserves $ 1,993,496 $ — Insurance Intangibles 168,054 — Net Operating Loss and Capital Loss Carryforwards 15,857 — Other 75,000 — Total Deferred Tax Assets before Valuation Allowance 2,252,407 — Valuation Allowance — — Total Deferred Tax Assets 2,252,407 — Deferred Tax Liabilities Insurance Loss Reserve Adjustment 111,910 — Insurance Investment Basis Differences, Including Derivatives 1,384,621 — Total Deferred Tax Liabilities 1,496,531 — Total Deferred Taxes, Net $ 755,876 $ —
Summary of Income Tax Contingencies	At December 31, 2021, 2020 and 2019, KKR's unrecognized tax benefits relating to uncertain tax positions, excluding related interest and penalties, consisted of the following: For the Years Ended December 31, 2021 2020 2019 Unrecognized Tax Benefits, beginning of period $ 60,712 $ 53,372 $ 53,598 Gross increases in tax positions in prior periods — — — Gross decreases in tax positions in prior periods (2,009) (125) (2,443) Gross increases in tax positions in current period 2,671 7,700 4,107 Lapse of statute of limitations (1,741) (235) (1,890) Unrecognized Tax Benefits, end of period $ 59,633 $ 60,712 $ 53,372

EQUITY BASED COMPENSATION (Tabl

EQUITY BASED COMPENSATION (Tables)	12 Months Ended
EQUITY BASED COMPENSATION (Tables)	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of unvested awards granted under equity incentive plan	A summary of the status of unvested Service-Vesting Awards granted under the Equity Incentive Plans from January 1, 2021 through December 31, 2021 is presented below: Shares Weighted Balance, January 1, 2021 23,866,696 $ 28.28 Granted 4,965,504 68.75 Vested (9,097,728) 22.88 Forfeitures (427,431) 29.56 Balance, December 31, 2021 19,307,041 $ 41.21 A summary of the status of unvested Market Condition Awards granted under the Equity Incentive Plans from January 1, 2021 through December 31, 2021 is presented below: Shares Weighted Balance, January 1, 2021 16,875,000 $ 21.07 Granted 4,495,847 39.90 Vested — — Forfeitures — — Balance, December 31, 2021 21,370,847 $ 25.03
Summary of significant assumptions used to estimate grant date fair value	Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Market Condition Awards: Weighted Range Grant Date Fair Value $25.03 $19.87 - $47.47 Closing KKR share price as of valuation date $42.49 $37.93 - $76.31 Risk Free Rate 0.51% 0.41% - 1.28% Volatility 28.04% 28.00% - 30.00% Dividend Yield 1.42% 0.76% - 1.53% Expected Cost of Equity 10.61% 9.13% - 10.76% Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Co-CEO Awards: Grant Date Fair Value $48.91 Closing KKR share price as of valuation date $75.76 Risk Free Rate 1.42% Volatility 28.0% Dividend Yield 0.77% Expected Cost of Equity 9.36%
Schedule of unvested holding awards granted	A summary of the status of unvested awards granted under the KKR Holdings Plan from January 1, 2021 through December 31, 2021 is presented below: Units Weighted Balance, January 1, 2021 10,240,000 $ 14.33 Granted 2,300,000 65.51 Vested (7,940,000) 24.78 Forfeitures — — Balance, December 31, 2021 4,600,000 $ 21.88 Book value awards Outstanding amount as of beginning of period $ — Pre-acquisition awards converted to book-value awards on February 1, 2021 89,000 Granted 88,195 Forfeited (7,677) Impact of change in book value on outstanding awards 6,597 Vested and issued (31,115) Outstanding amount as of end of period $ 145,000

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of due from and to affiliates	Due from Affiliates consists of: December 31, 2021 December 31, 2020 Amounts due from portfolio companies $ 114,479 $ 164,113 Amounts due from unconsolidated investment funds 1,109,769 707,758 Amounts due from related entities 35 1,123 Due from Affiliates $ 1,224,283 $ 872,994 Due to Affiliates consists of: December 31, 2021 December 31, 2020 Amounts due to KKR Holdings - tax receivable agreement $ 399,163 $ 204,014 Amounts due to unconsolidated investment funds 63,559 121,163 Due to Affiliates $ 462,722 $ 325,177

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Dec. 31, 2021
Segment Reporting [Abstract]
Information Regarding Segment Results and Reconciliations	The following tables set forth information regarding KKR's segment results: Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Management Fees (1) $ 2,071,440 $ 1,441,578 $ 1,248,517 Transaction and Monitoring Fees, Net 1,004,241 632,433 564,259 Fee Related Performance Revenues 45,852 39,555 53,024 Fee Related Compensation (702,387) (486,481) (431,973) Other Operating Expenses (449,155) (346,558) (353,565) Fee Related Earnings 1,969,991 1,280,527 1,080,262 Realized Performance Income 2,141,596 1,165,699 1,083,020 Realized Performance Income Compensation (1,239,177) (697,071) (698,145) Realized Investment Income (2) 1,613,244 644,659 685,773 Realized Investment Income Compensation (241,994) (106,830) (108,385) Asset Management Segment Operating Earnings 4,243,660 2,286,984 2,042,525 Net Investment Income (1) (2) 3,329,570 — — Net Cost of Insurance (1,566,681) — — General, Administrative and Other (500,410) — — Pre-tax Insurance Operating Earnings 1,262,479 — — Income Taxes (199,095) — — Net Income Attributable to Noncontrolling Interest (410,833) — — Insurance Segment Operating Earnings 652,551 — — Total Segment Operating Earnings $ 4,896,211 $ 2,286,984 $ 2,042,525 (1) Includes intersegment management fees of $158.7 million for the year ended December 31, 2021. (2) Includes intersegment interest expense and income of $31.0 million for the year ended December 31, 2021. As of December 31, 2021 December 31, 2020 Segment Assets: - Asset Management $ 32,306,254 $ 27,821,019 - Insurance 166,553,187 — Total Segment Assets $ 198,859,441 $ 27,821,019 Years Ended Noncash expenses excluded from Segment Operating Earnings December 31, 2021 December 31, 2020 December 31, 2019 Equity Based Compensation and Other - Asset Management $ 261,330 $ 246,395 $ 207,789 - Insurance 95,344 — — Total Non-cash expenses $ 356,674 $ 246,395 $ 207,789 The following tables reconcile the Segment Revenues, Segment Operating Earnings, and Segment Assets to their equivalent GAAP measure: Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Total GAAP Revenues $ 16,236,148 $ 4,230,891 $ 4,220,900 Impact of Consolidation and Other 808,174 461,244 256,972 Asset Management Adjustments: Capital Allocation-Based Income (GAAP) (6,842,414) (2,224,100) (2,430,425) Realized Carried Interest 1,752,130 1,042,204 1,070,788 Realized Investment Income 1,613,244 644,659 685,773 Capstone Fees (91,407) (81,452) — Expense Reimbursements (178,572) (149,522) (169,415) Insurance Adjustments: Premiums (2,226,078) — — Policy Fees (1,147,913) — — Other Income (120,213) — — Investment Gains and Losses 544,357 — — Derivative Gains and Losses (141,513) — — Total Segment Revenues (1) $ 10,205,943 $ 3,923,924 $ 3,634,593 (1) Total Segment Revenues is comprised of (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, (iii) Fee Related Performance Revenues, (iv) Realized Performance Income, (v) Realized Investment Income, and (vi) Net Investment Income. Years Ended December 31, 2021 December 31, 2020 December 31, 2019 Income (Loss) Before Tax (GAAP) $ 13,648,449 $ 5,726,695 $ 5,168,290 Impact of Consolidation and Other (5,165,795) (1,696,897) (1,010,652) Interest Expense 250,183 211,037 183,682 Equity-based compensation - KKR Holdings 161,283 80,739 91,296 Asset Management Adjustments: Unrealized Carried Interest (4,043,135) (1,070,803) (1,263,046) Net Unrealized (Gains) Losses (2,590,280) (1,697,740) (1,854,867) Unrealized Carried Interest Compensation (Carry Pool) 1,751,912 467,485 520,033 Strategic Corporate Transaction-Related Charges 25,153 20,073 — Equity-based compensation 183,100 236,199 201,095 Equity-based compensation - Performance based 78,230 10,196 6,694 Insurance Adjustments: Net (Gains) Losses from Investments and Derivatives 658,975 — — Strategic Corporate Transaction-Related Charges 25,711 — — Equity-based and Other Compensation 95,344 — — Amortization of Acquired Intangibles 16,176 — — Income Taxes (199,095) — — Total Segment Operating Earnings $ 4,896,211 $ 2,286,984 $ 2,042,525 As of December 31, 2021 December 31, 2020 Total GAAP Assets $ 264,285,440 $ 79,806,502 Impact of Consolidation and Reclassifications (61,775,687) (50,068,814) Carry Pool Reclassifications (3,650,312) (1,916,669) Total Segment Assets $ 198,859,441 $ 27,821,019

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
EQUITY (Tables)	Dec. 31, 2021
Equity [Abstract]
Accelerated share repurchases	The following table presents KKR & Co. Inc. common stock that has been repurchased or equity awards retired under the repurchase program: For the Years Ended December 31, 2021 2020 2019 Shares of common stock repurchased 4,462,533 10,209,673 2,859,452 Equity awards for common stock retired 3,350,874 2,850,094 3,670,019
Schedule of calculation of noncontrolling interests	The following tables present the calculation of total noncontrolling interests: For the Year Ended December 31, 2021 Noncontrolling Interests in Consolidated Entities and Other Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 20,570,716 $ 6,512,382 $ 27,083,098 Net income (loss) attributable to noncontrolling interests (1) 4,910,003 2,714,640 7,624,643 Other comprehensive income (loss), net of tax (2) (151,806) (91,595) (243,401) Exchange of KKR Holdings Units to Common Stock (3) — (522,474) (522,474) Equity-based and other non-cash compensation 104,838 161,283 266,121 Capital contributions 14,693,564 25 14,693,589 Capital distributions (7,141,225) (343,395) (7,484,620) Impact of Acquisition (4) 190,405 — 190,405 Changes in consolidation (1,132,796) — (1,132,796) Balance at the end of the period $ 32,043,699 $ 8,430,866 $ 40,474,565 For the Year Ended December 31, 2020 Noncontrolling Interests in Consolidated Entities and Other Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 13,966,250 $ 5,728,634 $ 19,694,884 Net income (loss) attributable to noncontrolling interests (1) 1,907,155 1,207,934 3,115,089 Other comprehensive income (loss), net of tax (2) (4,092) 12,191 8,099 Exchange of KKR Holdings Units to Common Stock (3) — (291,525) (291,525) Equity-based and other non-cash compensation 52,645 80,739 133,384 Capital contributions 9,860,609 98 9,860,707 Capital distributions (4,950,763) (209,776) (5,160,539) Transfer of interests under common control (5) (21,830) 7,445 (14,385) Transfer of Oil and Gas Interests (See Note 2) — (23,358) (23,358) Changes in consolidation (239,258) — (239,258) Balance at the end of the period $ 20,570,716 $ 6,512,382 $ 27,083,098 For the Year Ended December 31, 2019 Noncontrolling Interests in Consolidated Entities Noncontrolling Interests Held by KKR Holdings Total Noncontrolling Interests Balance at the beginning of the period $ 10,984,910 $ 4,625,448 $ 15,610,358 Net income (loss) attributable to noncontrolling interests (1) 1,264,820 1,369,671 2,634,491 Other comprehensive income (loss), net of tax (2) (1,803) (537) (2,340) Exchange of KKR Holdings Units to Common Stock (3) — (161,825) (161,825) Equity-based and other non-cash compensation — 91,297 91,297 Capital contributions 4,668,114 1,642 4,669,756 Capital distributions (2,972,914) (197,062) (3,169,976) Changes in consolidation 23,123 — 23,123 Balance at the end of the period $ 13,966,250 $ 5,728,634 $ 19,694,884 (1) Refer to the table below for calculation of net income (loss) attributable to noncontrolling interests held by KKR Holdings. (2) With respect to noncontrolling interests held by KKR Holdings, calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period. (3) Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. Inc. common stock. The exchange agreement with KKR Holdings provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. Inc. common stock. (4) Represents other noncontrolling interests at the GA Acquisition Date. See Note 3 "Acquisition of Global Atlantic."
Schedule of net income (loss) attributable to noncontrolling interests held by KKR Holdings	The following table presents net income (loss) attributable to noncontrolling interests held by KKR Holdings: Years Ended December 31, 2021 2020 2019 Net income (loss) $ 12,295,179 $ 5,117,598 $ 4,639,540 (-) Net income (loss) attributable to Redeemable Noncontrolling Interests 4,060 — — (-) Net income (loss) attributable to Noncontrolling Interests in consolidated entities and other 4,910,003 1,907,155 1,264,820 (-) Series A and B Preferred Stock Dividends 36,647 33,364 33,364 (-) Series C Mandatory Convertible Preferred Stock Dividends 69,000 23,191 — (+) Income tax expense (benefit) attributable to KKR & Co. Inc. 1,227,492 545,546 539,466 Net income (loss) attributable to KKR & Co. Inc. $ 8,502,961 $ 3,699,434 $ 3,880,822 Net income (loss) attributable to Noncontrolling Interests held by KKR Holdings $ 2,714,640 $ 1,207,934 $ 1,369,671

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of purchase agreements	As of December 31, 2021, purchase commitments under agreements with third-party administrators and other service providers and lease commitments were as follows: 2022 $ 38,150 2023 29,864 2024 24,598 2025 14,141 2026 12,893 Thereafter 85,638 Total $ 205,284
Schedule of approximate aggregate future lease payments	As of December 31, 2021, the approximate aggregate future lease payments required on the asset management operating leases are as follows: 2022 $ 31,624 2023 33,073 2024 27,942 2025 25,351 2026 20,517 Thereafter 107,131 Total lease payments required 245,638 Less: Imputed Interest 14,643 Total operating lease liabilities $ 230,995 Global Atlantic also enters into land leases for its consolidated investments in renewable energy. As of December 31, 2021, the approximate aggregate future lease payments required on the Global Atlantic operating leases are as follows: 2022 $ 14,146 2023 14,039 2024 14,127 2025 14,003 2026 14,174 Thereafter 271,048 Total lease payments required 341,537 Less: Imputed Interest 160,963 Total operating lease liabilities $ 180,574

CAPITAL AND REGULATORY REQUIR_2

CAPITAL AND REGULATORY REQUIREMENTS (Tables)	12 Months Ended
CAPITAL AND REGULATORY REQUIREMENTS (Tables)	Dec. 31, 2021
CAPITAL AND REGULATORY REQUIREMENTS
Schedule of Ordinary Dividend Capacity	Without prior regulatory approval, and subject to maintaining certain solvency requirements, Global Atlantic's U.S. and Bermuda insurance subsidiaries, may declare ordinary dividends during 2022, as follows: Ordinary dividend capacity ($ in thousands) U.S. domiciled Commonwealth Annuity and Life Insurance Company $ 336,393 Bermuda domiciled Global Atlantic Re Limited (1) $ 662,937 Global Atlantic Assurance Limited 283,798 _________________ (1) Dividends paid by Global Atlantic Re Limited may be subject to a 30% U.S. withholding tax.

ORGANIZATION - Narrative (Detai

ORGANIZATION - Narrative (Details) - USD ($) $ in Thousands	Feb. 01, 2021	Aug. 14, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Issuance of Series C Mandatory Convertible Preferred Stock (net of issuance costs)			$ 0	$ 1,115,792	$ 0
Stock excluded from earnings per share calculation (in shares)			271,719,976	283,633,220	296,445,196
Reorganization Shares
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Stock excluded from earnings per share calculation (in shares)			8,500,000
Senior Notes Due 2050 \| Senior Notes
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Issuance of debt	$ 750,000
Interest rate, stated percentage	3.50%
Series C Mandatory Convertible Preferred Stock
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Issuance of Series C Mandatory Convertible Preferred Stock (net of issuance costs)	$ 1,150,000
Preferred stock dividend rate (as a percentage)	6.00%	6.00%
KKR Group Partnership
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of economic interest held by parent entity			69.60%

ORGANIZATION - Effects of Chang

ORGANIZATION - Effects of Changes in Ownership (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to KKR & Co. Inc.	$ 4,666,476	$ 2,002,509	$ 2,005,049
Transfers from noncontrolling interests:
Exchange of KKR Group Partnership shares held by KKR Holdings L.P.	530,511	288,930	161,270
Change from net income (loss) attributable to KKR & Co. Inc. and transfers from noncontrolling interests held by KKR Holdings	5,196,987	2,291,439	2,166,319
Increase in equity in exchange for partnership units	$ 16,900,330	$ 14,754,852	$ 8,699,894

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basis of Presentation (Details) - segment	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Number of reportable segments	2	1

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Principles of Consolidation (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Mar. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investment	$ 1,200
KKR Acquisition holdings I Corp.
Schedule of Equity Method Investments [Line Items]
Equity method investment		$ 20
KREF
Schedule of Equity Method Investments [Line Items]
Gain on equity method investment	$ 54

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value Measurement (Details)	12 Months Ended
	Dec. 31, 2021methodology
Fair Value Measurements
Number of valuation methodologies used to determine fair value of investments (in methodologies)	2
Maximum
Fair Value Measurements
Weighting percentage of methodology used to determine fair value of investments (up to 100%)	100.00%
Minimum \| Illiquidity Discount
Fair Value Measurements
Private equity, measurement input	0.05

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill and Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2021
Minimum
Finite-Lived Intangible Assets [Line Items]
Definite lived intangible assets, useful life	15 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Definite lived intangible assets, useful life	19 years

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fixed Assets, Depreciation and Amortization (Details)	12 Months Ended
	Dec. 31, 2021
Minimum \| Other Fixed Assets
Property, Plant and Equipment [Line Items]
Useful life of property, plant and equipment	3 years
Maximum \| Owner Occupied Real Estate
Property, Plant and Equipment [Line Items]
Useful life of property, plant and equipment	40 years
Maximum \| Other Fixed Assets
Property, Plant and Equipment [Line Items]
Useful life of property, plant and equipment	7 years

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fees and Commissions [Line Items]
Total Revenues	$ 16,236,148	$ 4,230,891	$ 4,220,900
Asset Management
Fees and Commissions [Line Items]
Fees and Other	2,850,154	2,006,791	1,790,475
Carried Interest	5,388,354	1,719,527	2,041,847
General Partner Capital Interest	1,454,060	504,573	388,578
Total Capital Allocation-Based Income (Loss)	6,842,414	2,224,100	2,430,425
Total Revenues	9,692,568	4,230,891	4,220,900
Management Fees \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	1,301,975	965,664	824,903
Fee Credits \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	(464,594)	(299,415)	(340,900)
Transaction Fees \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	1,552,621	950,205	914,329
Monitoring Fees \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	134,472	127,907	106,289
Incentive Fees \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	55,701	10,404	0
Expense Reimbursements \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	178,572	149,522	169,415
Oil and Gas Revenue \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	0	21,054	47,153
Consulting Fees \| Asset Management
Fees and Commissions [Line Items]
Fees and Other	$ 91,407	$ 81,450	$ 69,286

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Management Fees (Details)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Fee Credits as a percentage of monitoring and transaction fees net of fund-related expenses, older funds	80.00%
Fee Credits as a percentage of monitoring and transaction fees net of fund-related expenses, newer funds	100.00%
Incentive fee, payment period	90 days
Incentive fee, low end of range (as a percent)	5.00%
Incentive fee, high end of range (as a percent)	20.00%

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Capital Allocation-Based Income (Details) - Revenue Benchmark - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Private Equity Fund Concentration Risk \| Two Flagship Private Equity Funds
Concentration Risk [Line Items]
Revenue from Flagship Funds	$ 4.5	$ 1.6	$ 1.1
Americas \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	67.00%	59.00%	55.00%
EMEA \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	12.00%	21.00%	22.00%
Asia Pacific \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	21.00%	20.00%	23.00%

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Compensation and Benefits (Details)	1 Months Ended	12 Months Ended
	Feb. 28, 2021	Dec. 31, 2021
Minimum \| KKR Equity Incentive Plan Awards
Equity Based Payments
Vesting period (in years)		3 years
Maximum \| KKR Equity Incentive Plan Awards
Equity Based Payments
Vesting period (in years)		5 years
Current Investment Funds For Which No/De Minimis Amounts Of Carried Interest Was Accrued And All Future Funds
Equity Based Payments
Percent allocated to carry pool	65.00%	65.00%
All Other Funds, Option One
Equity Based Payments
Percent allocated to carry pool		40.00%
All Other Funds, Option Two
Equity Based Payments
Percent allocated to carry pool		43.00%

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Insurance, Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	$ 22,549,676
Allowance for credit losses(4)	374,077	$ 120,259
Writeoff of allowance	$ 797
Solar Energy System
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment, useful life	35 years
Aircrafts \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment, useful life	25 years
Railcars \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment, useful life	45 years
Financial Asset Acquired with Credit Deterioration
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	$ 3,700,000
Allowance for credit losses(4)	120,300
Writeoff of allowance	$ 183,600

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Policy Liabilities (Details)	12 Months Ended
	Dec. 31, 2021scenario
Policyholder Account Balance [Line Items]
Benefit rider payout period	6 years
Number of risk neutral scenarios	1,000
Minimum
Policyholder Account Balance [Line Items]
Rider benefit calculation, account value multiplier	1
Maximum
Policyholder Account Balance [Line Items]
Rider benefit calculation, account value multiplier	2

SUMMARY OF SIGNIFICANT ACCOU_15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recognition of Insurance Revenue and Related Benefits (Details)	12 Months Ended
	Dec. 31, 2021
Geographic Concentration Risk \| UNITED STATES \| Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk percentage	100.00%

SUMMARY OF SIGNIFICANT ACCOU_16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Comprehensive Income (Loss) and Deferred Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Tax benefit related to unrealized gains (losses) on available-for-sale securities	$ 88
Tax benefit for equity based compensation	$ 66.9	$ 26.7	$ 50.7

ACQUISITION OF GLOBAL ATLANTI_2

ACQUISITION OF GLOBAL ATLANTIC - Additional Information (Details) - Global Atlantic $ in Thousands	Feb. 01, 2021USD ($)licensestate	Jun. 30, 2021USD ($)	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Equity interest acquired	61.10%	61.50%
Total purchase price	$ 4,738,694
Adjustment to consideration transferred		$ 58,000
Goodwill	$ 497,053
Adjustment to distribution agreements		50,000
Adjustment to policy liabilities		63,000
Adjustment to investments		25,000
Adjustment to goodwill		46,000
Revenues since acquisition date			$ 6,500,000
Net income since acquisition date			$ 406,400
Licensing Agreements
Business Acquisition [Line Items]
Number of insurance licenses \| license	52
Number of states encompassing insurance licenses \| state	50
Minimum \| Unlevered Discount Rate
Business Acquisition [Line Items]
Policy liabilities, measurement input	0.11
Maximum \| Unlevered Discount Rate
Business Acquisition [Line Items]
Policy liabilities, measurement input	0.15
KKR
Business Acquisition [Line Items]
Adjustment to consideration transferred		55,000
GA Co-Investors
Business Acquisition [Line Items]
Adjustment to consideration transferred		$ 3,000

ACQUISITION OF GLOBAL ATLANTI_3

ACQUISITION OF GLOBAL ATLANTIC - Purchase Price (Details) - Global Atlantic $ in Thousands	Feb. 01, 2021USD ($)
Business Acquisition [Line Items]
Cash consideration paid by KKR	$ 2,914,455
GA Co-Investors and GA Rollover Investors	1,824,239
Total purchase price	$ 4,738,694

ACQUISITION OF GLOBAL ATLANTI_4

ACQUISITION OF GLOBAL ATLANTIC - Assets Acquired, Liabilities Assumed and Resulting Goodwill (Details) - Global Atlantic $ in Thousands	Feb. 01, 2021USD ($)
Business Acquisition [Line Items]
Cash Consideration paid by KKR	$ 2,914,455
GA Rollover Investors	4,738,694
Settlement of pre-existing relationships	(60,200)
Total Consideration Transferred	4,678,494
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Cash, Cash Equivalents and Restricted Cash	3,358,772
Investments	99,544,755
Reinsurance Recoverable	15,753,030
Insurance Intangible Assets	1,024,520
Other Assets(3)	3,325,652
Separate Account Assets	5,371,060
Policy Liabilities	(100,374,765)
Debt Obligations	(1,450,920)
Funds Withheld Payable at Interest	(13,800,969)
Accrued Expenses and Other Liabilities	(2,735,811)
Reinsurance Liabilities	(180,573)
Separate Account Liabilities	(5,371,060)
Total Identifiable Net Assets	4,463,691
Goodwill	497,053
Deferred tax assets	1,000,000
GA Co-Investors
Business Acquisition [Line Items]
Cash Consideration paid by KKR	978,296
GA Rollover Investors
Business Acquisition [Line Items]
GA Rollover Investors	845,943
Redeemable Noncontrolling Interest
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Redeemable non-controlling interests	(91,845)
Other Non-controlling interests
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Other Noncontrolling interests	$ (190,405)

ACQUISITION OF GLOBAL ATLANTI_5

ACQUISITION OF GLOBAL ATLANTIC - Intangible Assets Acquired (Details) - Global Atlantic $ in Thousands	Feb. 01, 2021USD ($)
Business Acquisition [Line Items]
State Insurance Licenses	$ 10,000
Total Identifiable Other Intangible Assets (included within Other Assets)	310,000
VOBA
Business Acquisition [Line Items]
Finite-lived intangible assets	1,024,520
Negative VOBA (included within Policy Liabilities)	(1,273,414)
Finite-lived intangible assets (liabilities)	$ (248,894)
Average Useful Life	28 years 7 months 6 days
Average Useful Life	22 years 2 months 12 days
VODA
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 250,000
VODA \| Minimum
Business Acquisition [Line Items]
Average Useful Life	16 years
VODA \| Maximum
Business Acquisition [Line Items]
Average Useful Life	21 years
Trade Names
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 50,000
Trade Names \| Minimum
Business Acquisition [Line Items]
Average Useful Life	15 years
Trade Names \| Maximum
Business Acquisition [Line Items]
Average Useful Life	18 years

ACQUISITION OF GLOBAL ATLANTI_6

ACQUISITION OF GLOBAL ATLANTIC - Pro Forma Financial Information (Details) - Global Atlantic - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Total Revenues	$ 16,750,326	$ 10,877,373
Net Income Attributable to KKR & Co. Inc. Common Stockholders	$ 4,654,690	$ 2,125,464

NET GAINS (LOSSES) FROM INVES_3

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	$ 2,382,209	$ 162,939	$ 497,346
Net Unrealized Gains (Losses)	5,338,714	3,479,865	2,664,538
Net Gains (Losses) From Investment Activities	7,720,923	3,642,804	3,161,884
Private Equity
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	1,694,796	951,361	261,920
Net Unrealized Gains (Losses)	2,679,388	3,655,820	2,849,031
Net Gains (Losses) From Investment Activities	4,374,184	4,607,181	3,110,951
Credit
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	148,301	(86,512)	(92,114)
Net Unrealized Gains (Losses)	(111)	(164,764)	(150,881)
Net Gains (Losses) From Investment Activities	148,190	(251,276)	(242,995)
Investments of Consolidated CFEs
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	62,075	(188,506)	(57,230)
Net Unrealized Gains (Losses)	134,174	102,798	270,268
Net Gains (Losses) From Investment Activities	196,249	(85,708)	213,038
Real Assets
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	489,613	36,784	93,848
Net Unrealized Gains (Losses)	260,728	(122,147)	(128,393)
Net Gains (Losses) From Investment Activities	750,341	(85,363)	(34,545)
Equity Method - Other
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	477,344	(137,649)	70,385
Net Unrealized Gains (Losses)	618,906	652,334	540,775
Net Gains (Losses) From Investment Activities	1,096,250	514,685	611,160
Other Investments
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(334,948)	(335,841)	53,688
Net Unrealized Gains (Losses)	949,664	156,396	(240,548)
Net Gains (Losses) From Investment Activities	614,716	(179,445)	(186,860)
Foreign Exchange Forward Contracts and Options
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(28,829)	123,681	161,175
Net Unrealized Gains (Losses)	574,067	(455,777)	20,309
Net Gains (Losses) From Investment Activities	545,238	(332,096)	181,484
Securities Sold Short
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	38,698	(145,137)	54,707
Net Unrealized Gains (Losses)	27,773	(22,747)	(53,483)
Net Gains (Losses) From Investment Activities	66,471	(167,884)	1,224
Other Derivatives
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(148,245)	(95,831)	(19,584)
Net Unrealized Gains (Losses)	71,211	(106,913)	(36,918)
Net Gains (Losses) From Investment Activities	(77,034)	(202,744)	(56,502)
Debt Obligations and Other
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(16,596)	40,589	(29,449)
Net Unrealized Gains (Losses)	22,914	(215,135)	(405,622)
Net Gains (Losses) From Investment Activities	$ 6,318	$ (174,546)	$ (435,071)

NET INVESTMENT INCOME - INSUR_3

NET INVESTMENT INCOME - INSURANCE (Details) $ in Thousands	12 Months Ended
NET INVESTMENT INCOME - INSURANCE (Details) $ in Thousands	Dec. 31, 2021USD ($)
Net Investment Income [Line Items]
Gross investment income	$ 3,291,702
Net Investment Income	2,845,623
Investment management and administration
Net Investment Income [Line Items]
Investment expenses	272,321
Transportation and renewable energy asset depreciation and maintenance
Net Investment Income [Line Items]
Investment expenses	171,306
Derivative Collateral And Repurchase Agreements
Net Investment Income [Line Items]
Investment expenses	2,452
Fixed maturity securities – interest and other income
Net Investment Income [Line Items]
Gross investment income	2,262,326
Mortgage and other loan receivables
Net Investment Income [Line Items]
Gross investment income	952,951
Investments in transportation and other leased assets
Net Investment Income [Line Items]
Gross investment income	208,057
Short-term and other investment income
Net Investment Income [Line Items]
Gross investment income	54,785
Policy loans
Net Investment Income [Line Items]
Gross investment income	35,411
Investments in real estate
Net Investment Income [Line Items]
Gross investment income	16,101
Investments in renewable energy
Net Investment Income [Line Items]
Gross investment income	142,095
Equity securities – dividends and other income
Net Investment Income [Line Items]
Gross investment income	1,492
Income assumed from funds withheld receivable at interest
Net Investment Income [Line Items]
Gross investment income	79,989
Income ceded to funds withheld payable at interest
Net Investment Income [Line Items]
Gross investment income	$ (461,505)

NET INVESTMENT-RELATED GAINS _3

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE - Net Investment Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Credit loss allowances on mortgage and other loan receivables	$ (252,979)
Insurance
Net Investment Income [Line Items]
Realized gains (losses) on equity investments	511,247
Realized gains (losses) on available-for-sale fixed maturity debt securities	(201,411)
Credit loss allowances on AFS securities	25,316
Credit loss allowances on mortgage and other loan receivables	(252,979)
Credit loss allowances on unfunded commitments	(21,675)
Unrealized gains (losses) on fixed maturity securities classified as trading	(118,714)
Unrealized gains (losses) on investments recognized under the fair-value option	75,176
Net gains (losses) on derivative instruments	222,745
Other realized gains (losses)	(18,355)
Net investment-related gains (losses)	203,753	$ 0	$ 0
Insurance \| Payable Portfolio Segment
Net Investment Income [Line Items]
Realized gains (losses) on funds withheld at interest, payable portfolio	(30,015)
Insurance \| Receivable Portfolio Segment
Net Investment Income [Line Items]
Realized gains (losses) on funds withheld at interest, payable portfolio	$ 12,418

NET INVESTMENT-RELATED GAINS _4

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE - Allowance for Credit Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	$ 120,895
Initial impairments for credit losses recognized on securities not previously impaired	58,509
Initial credit loss allowance recognized on PCD securities	8,072
Accretion of initial credit loss allowance on PCD securities	2,782
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	(18,300)
Net additions / reductions for securities previously impaired	(83,825)
Balance, as of end of period	88,133
Corporate
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	0
Initial impairments for credit losses recognized on securities not previously impaired	3,238
Initial credit loss allowance recognized on PCD securities	0
Accretion of initial credit loss allowance on PCD securities	0
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	0
Net additions / reductions for securities previously impaired	0
Balance, as of end of period	3,238
Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	120,895
Initial impairments for credit losses recognized on securities not previously impaired	55,271
Initial credit loss allowance recognized on PCD securities	8,072
Accretion of initial credit loss allowance on PCD securities	2,782
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	(18,300)
Net additions / reductions for securities previously impaired	(83,825)
Balance, as of end of period	$ 84,895

NET INVESTMENT-RELATED GAINS _5

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE - Allowance for Credit Losses, Receivables (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 120,259
Net provision	252,979
Loans purchased with credit deterioration	1,636
Charge-offs	(797)
Balance, end of period	374,077
Commercial mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	58,203
Net provision	7,767
Loans purchased with credit deterioration	0
Charge-offs	0
Balance, end of period	65,970
Residential mortgage loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	62,056
Net provision	10,024
Loans purchased with credit deterioration	799
Charge-offs	(797)
Balance, end of period	72,082
Consumer and other loan receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0
Net provision	235,188
Loans purchased with credit deterioration	837
Charge-offs	0
Balance, end of period	$ 236,025

NET INVESTMENT-RELATED GAINS _6

NET INVESTMENT-RELATED GAINS (LOSSES) - INSURANCE - Sales (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
AFS fixed maturity securities:
Proceeds from voluntary sales	$ 17,946,293
Gross gains	45,532
Gross losses	$ (187,619)

INVESTMENTS - Summary of Invest

INVESTMENTS - Summary of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Total investments	$ 212,539,189	$ 69,274,715
Amortized cost, available-for-sale securities	69,431,363
Allowance for credit losses	88,133	120,895
Asset Management
Schedule of Investments [Line Items]
Total investments	88,775,514	69,274,715
Insurance
Schedule of Investments [Line Items]
Total investments	123,763,675	0
Private Equity \| Asset Management
Schedule of Investments [Line Items]
Total investments	25,685,750	20,470,123
Credit \| Asset Management
Schedule of Investments [Line Items]
Total investments	7,949,573	11,203,905
Investments of Consolidated CFEs \| Asset Management
Schedule of Investments [Line Items]
Total investments	22,076,809	17,706,976
Real Assets \| Asset Management
Schedule of Investments [Line Items]
Total investments	12,500,749	6,096,618
Equity Method - Other \| Asset Management
Schedule of Investments [Line Items]
Total investments	4,877,592	4,471,441
Equity Method - Capital Allocation-Based Income \| Asset Management
Schedule of Investments [Line Items]
Total investments	11,539,945	6,460,430
Other investments \| Asset Management
Schedule of Investments [Line Items]
Total investments	4,145,096	2,865,222
Other investments \| Insurance
Schedule of Investments [Line Items]
Total investments	8,208,566	0
Fixed maturity securities, available-for-sale, at fair value \| Insurance
Schedule of Investments [Line Items]
Total investments	68,870,886	0
Amortized cost, available-for-sale securities	71,200,000
Allowance for credit losses	88,100
Mortgage and other loan receivables \| Insurance
Schedule of Investments [Line Items]
Total investments	28,876,759	0
Fixed maturity securities, trading, at fair value \| Insurance
Schedule of Investments [Line Items]
Total investments	13,753,573	0
Amortized cost, trading securities	13,900,000
Income assumed from funds withheld receivable at interest \| Insurance
Schedule of Investments [Line Items]
Total investments	2,999,448	0
Policy loans \| Insurance
Schedule of Investments [Line Items]
Total investments	765,310	0
Equity securities at fair value \| Insurance
Schedule of Investments [Line Items]
Total investments	$ 289,133	$ 0

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) $ in Thousands	12 Months Ended
INVESTMENTS - Narrative (Details) $ in Thousands	Dec. 31, 2020USD ($)	Jan. 31, 2022USD ($)	Dec. 31, 2021USD ($)security	Dec. 31, 2019
Schedule of Investments [Line Items]
Gross unrealized losses on AFS fixed maturity securities			$ 973,850
Securities in unrealized loss position \| security			4,370
Mortgage loans 90 days past due or in process of foreclosure			$ 202,700
Loans that were delinquent more than 120 days or in default			5,100
Equity method investment			1,200,000
Equity method investment, maximum exposure to loss			22,400
Investment in common stock			8,208,566
FABN outstanding			3,500,000
FABN remaining capacity			6,500,000
Repurchase agreements, notional value			300,400
Repurchase agreements, fair value			312,965
Repurchase agreements, amortized cost			$ 317,000
Ownership percentage	100.00%		100.00%	100.00%
Impairment charge on equity method investment	$ 88,300
Subsequent Event
Schedule of Investments [Line Items]
Funding Agreement, Additional Amount Issued		$ 1,100,000
State And Governmental Authorities
Schedule of Investments [Line Items]
Investment in common stock			$ 182,600
Investments, amortized cost			180,800
Investment, Fair Value Option
Schedule of Investments [Line Items]
Investment in common stock			147,800
Mortgage loans
Schedule of Investments [Line Items]
Mortgage loans, non-income producing			$ 202,700
Loans granted forbearance due to COVID-19			1.00%
Residential mortgage loans
Schedule of Investments [Line Items]
Weighted average loan-to-value ratio			68.00%
Below Investment Grade
Schedule of Investments [Line Items]
Gross unrealized losses on AFS fixed maturity securities			$ 77,000
Gross unrealized losses on AFS fixed maturity securities, single largest loss			$ 7,300
Investments \| Investment Concentration Risk
Schedule of Investments [Line Items]
Threshold percentage of total investments (greater than)	5.00%		5.00%

INVESTMENTS - Equity Method Inv

INVESTMENTS - Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Total Equity	$ 58,056,729	$ 40,799,916	$ 30,502,374
Net Realized and Unrealized Gain/(Loss) from Investments	2,382,209	162,939	497,346
Revenues	16,236,148	4,230,891	4,220,900
Asset Management
Schedule of Equity Method Investments [Line Items]
Total Assets	99,720,076	79,806,502
Total Liabilities	45,029,374	39,006,586
Revenues	9,692,568	4,230,891	4,220,900
Insurance
Schedule of Equity Method Investments [Line Items]
Total Assets	164,565,364	0
Total Liabilities	161,116,846	0
Revenues	6,543,580	0	0
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Net Income (Loss)	36,294,615	10,609,892	12,765,467
Equity Method Investment, Nonconsolidated Investee or Group of Investees \| Asset Management
Schedule of Equity Method Investments [Line Items]
Total Assets	154,165,237	127,447,298
Total Liabilities	20,176,773	25,934,871
Total Equity	133,988,464	101,512,427
Investment Related Revenues	5,812,879	3,957,091	2,552,266
Other Revenues	3,919,200	3,526,681	5,132,796
Investment Related Expenses	2,504,491	2,347,521	1,385,870
Other Expenses	2,949,799	2,534,041	4,066,713
Net Realized and Unrealized Gain/(Loss) from Investments	31,380,451	8,007,682	10,532,988
Net Income (Loss)	35,658,240	10,609,892	12,765,467
Equity Method Investment, Nonconsolidated Investee or Group of Investees \| Insurance
Schedule of Equity Method Investments [Line Items]
Total Assets	14,031,374	0
Total Liabilities	3,360,701	0
Total Equity	0	0
Net Income (Loss)	636,375	0	0
Revenues	1,225,099	0	0
General Insurance Expense	$ 588,724	$ 0	$ 0

INVESTMENTS - AFS Fixed Maturit

INVESTMENTS - AFS Fixed Maturity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	$ 69,519,496
Allowance for Credit Losses	(88,133)	$ (120,895)
Gross unrealized gains	413,373
Gross unrealized losses	(973,850)
Fair value	68,870,886
Allowance for credit losses at acquisition	(46,400)
U.S. government and agencies
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	785,144
Allowance for Credit Losses	0
Gross unrealized gains	4,171
Gross unrealized losses	(4,768)
Fair value	784,547
U.S. state, municipal and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	5,122,651
Allowance for Credit Losses	0
Gross unrealized gains	42,286
Gross unrealized losses	(55,240)
Fair value	5,109,697
Corporate
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	41,433,757
Allowance for Credit Losses	(3,238)	$ 0
Gross unrealized gains	190,516
Gross unrealized losses	(688,648)
Fair value	40,932,387
RMBS
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	7,703,030
Allowance for Credit Losses	(50,975)
Gross unrealized gains	126,662
Gross unrealized losses	(113,359)
Fair value	7,665,358
CMBS
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	5,952,656
Allowance for Credit Losses	(282)
Gross unrealized gains	16,332
Gross unrealized losses	(56,523)
Fair value	5,912,183
CBOs
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	3,111,620
Allowance for Credit Losses	(22,160)
Gross unrealized gains	6,862
Gross unrealized losses	(27,466)
Fair value	3,068,856
CLOs
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	2,985,098
Allowance for Credit Losses	(639)
Gross unrealized gains	6,554
Gross unrealized losses	(5,776)
Fair value	2,985,237
All other structured securities
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	2,425,540
Allowance for Credit Losses	(10,839)
Gross unrealized gains	19,990
Gross unrealized losses	(22,070)
Fair value	$ 2,412,621

INVESTMENTS - Maturity Distribu

INVESTMENTS - Maturity Distribution for AFS Fixed Maturity Securities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Cost or amortized cost (net of allowance)
Due in one year or less	$ 871,340
Due after one year through five years	9,256,449
Due after five years through ten years	11,460,032
Due after ten years	25,750,493
Subtotal	47,338,314
Cost or amortized cost	69,431,363
Fair value
Due in one year or less	869,287
Due after one year through five years	9,171,707
Due after five years through ten years	11,350,091
Due after ten years	25,435,546
Subtotal	46,826,631
Fair value	68,870,886
RMBS
Cost or amortized cost (net of allowance)
Without single maturity date	7,652,055
Fair value
Without single maturity date	7,665,358
Fair value	7,665,358
CMBS
Cost or amortized cost (net of allowance)
Without single maturity date	5,952,374
Fair value
Without single maturity date	5,912,183
Fair value	5,912,183
CBOs
Cost or amortized cost (net of allowance)
Without single maturity date	3,089,460
Fair value
Without single maturity date	3,068,856
Fair value	3,068,856
CLOs
Cost or amortized cost (net of allowance)
Without single maturity date	2,984,459
Fair value
Without single maturity date	2,985,237
Fair value	2,985,237
All other structured securities
Cost or amortized cost (net of allowance)
Without single maturity date	2,414,701
Fair value
Without single maturity date	2,412,621
Fair value	$ 2,412,621

INVESTMENTS - Purchased Credit

INVESTMENTS - Purchased Credit Deteriorated Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Allowance for credit losses at acquisition	$ 46,400
Global Atlantic
Debt Securities, Available-for-sale [Line Items]
Purchase price of PCD securities acquired during the current period	1,734,352
Allowance for credit losses at acquisition	128,967
Discount (premium) attributable to other factors	311,729
Par value	$ 2,175,048

INVESTMENTS - AFS in Continuous

INVESTMENTS - AFS in Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	$ 44,775,045
Less than 12 months, Unrealized losses	(973,850)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	44,775,045
Total, Unrealized losses	(973,850)
U.S. government and agencies
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	311,096
Less than 12 months, Unrealized losses	(4,768)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	311,096
Total, Unrealized losses	(4,768)
U.S. state, municipal and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	2,802,309
Less than 12 months, Unrealized losses	(55,240)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	2,802,309
Total, Unrealized losses	(55,240)
Corporate
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	30,385,514
Less than 12 months, Unrealized losses	(688,648)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	30,385,514
Total, Unrealized losses	(688,648)
RMBS
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	3,196,876
Less than 12 months, Unrealized losses	(113,359)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	3,196,876
Total, Unrealized losses	(113,359)
CBOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	2,152,790
Less than 12 months, Unrealized losses	(27,466)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	2,152,790
Total, Unrealized losses	(27,466)
CMBS
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	3,405,774
Less than 12 months, Unrealized losses	(56,523)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	3,405,774
Total, Unrealized losses	(56,523)
CLOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	1,172,330
Less than 12 months, Unrealized losses	(5,776)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	1,172,330
Total, Unrealized losses	(5,776)
All other structured securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	1,348,356
Less than 12 months, Unrealized losses	(22,070)
12 months or more, Fair value	0
12 months or more, Unrealized losses	0
Total, Fair value	1,348,356
Total, Unrealized losses	$ (22,070)

INVESTMENTS - Mortgage and Othe

INVESTMENTS - Mortgage and Other Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	$ 22,549,676
Allowance for credit losses	(374,077)	$ (120,259)
Commercial mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	13,824,772
Commercial mortgage loan, fair value option
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	805,400
Total mortgage and other loan receivables, net of allowance for loan losses	794,100
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	8,724,904
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	5,617,925
Other loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	1,083,235
Renewable energy loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	850,100
Related party loans, fair value option
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	27,300
Total mortgage and other loan receivables, net of allowance for loan losses	27,300
Mortgage and other loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	29,250,836
Allowance for credit losses	(374,077)
Total mortgage and other loan receivables, net of allowance for loan losses	28,876,759
Purchase-Credit Deteriorated Mortgage and Other Loan Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (77,900)

INVESTMENTS - Maturity of Resid

INVESTMENTS - Maturity of Residential and Commercial Loans (Details) $ in Thousands	Dec. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	$ 1,668,672
2023	1,140,390
2024	2,414,794
2025	1,208,609
2026	3,637,113
2027 and thereafter	12,480,098
Total	22,549,676
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	502,584
2023	37,144
2024	603,698
2025	17,401
2026	703,484
2027 and thereafter	6,860,593
Total	8,724,904
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	1,166,088
2023	1,103,246
2024	1,811,096
2025	1,191,208
2026	2,933,629
2027 and thereafter	5,619,505
Total	$ 13,824,772

INVESTMENTS - Mortgage Loan Por

INVESTMENTS - Mortgage Loan Portfolio (Details) - Mortgage loans $ in Thousands	Dec. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 22,549,676
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	8,724,904
Office building
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	4,185,146
Apartment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	6,194,819
Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	1,981,713
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	780,071
Other property types
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	483,560
Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	199,463
Pacific
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	6,675,064
West South Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	2,675,890
South Atlantic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	4,996,043
Middle Atlantic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	3,142,973
East North Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	590,911
Mountain
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	1,957,099
New England
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	1,099,157
East South Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	1,035,764
West North Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	350,546
Other regions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 26,229

INVESTMENTS - PCD Loans (Detail

INVESTMENTS - PCD Loans (Details) $ in Thousands	12 Months Ended
INVESTMENTS - PCD Loans (Details) $ in Thousands	Dec. 31, 2021USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Purchase price of PCD loans acquired during the current period	$ 4,231,426
Allowance for credit losses at acquisition	121,895
Discount (premium) attributable to other factors	(136,174)
Par value	$ 4,217,147

INVESTMENTS - Receivables By Cr

INVESTMENTS - Receivables By Credit Quality Indicator (Details) $ in Thousands	Dec. 31, 2021USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 11,371,699
2020	2,574,254
2019	2,305,471
2018	1,501,701
2017	883,763
Prior	3,912,788
Total	22,549,676
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	6,831,655
2020	976,369
2019	1,883,908
2018	1,373,865
2017	817,954
Prior	1,941,021
Total	13,824,772
Commercial mortgage loans \| Current
Financing Receivable, Credit Quality Indicator [Line Items]
2021	6,831,655
2020	976,369
2019	1,883,908
2018	1,373,865
2017	817,954
Prior	1,941,021
Total	13,824,772
Commercial mortgage loans \| 30 to 59 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Total	0
Commercial mortgage loans \| 60 to 89 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Total	0
Commercial mortgage loans \| Over 90 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Total	0
Residential mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,540,044
2020	1,597,885
2019	421,563
2018	127,836
2017	65,809
Prior	1,971,767
Total	8,724,904
Residential mortgage loans \| Current
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,505,537
2020	1,576,342
2019	393,153
2018	123,995
2017	65,070
Prior	1,711,156
Total	8,375,253
Residential mortgage loans \| 30 to 59 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	24,955
2020	6,028
2019	5,818
2018	1,155
2017	739
Prior	75,104
Total	113,799
Residential mortgage loans \| 60 to 89 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,247
2020	1,243
2019	607
2018	0
2017	0
Prior	27,028
Total	33,125
Residential mortgage loans \| Over 90 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
2021	5,305
2020	14,272
2019	21,985
2018	2,686
2017	0
Prior	158,479
Total	202,727
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,617,925
Consumer loans \| Current
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,556,923
Consumer loans \| 30 to 59 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
Total	34,048
Consumer loans \| 60 to 89 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
Total	16,817
Consumer loans \| Over 90 days past due
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 10,137

INVESTMENTS - Loan-To-Value (De

INVESTMENTS - Loan-To-Value (Details) $ in Thousands	Dec. 31, 2021USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 11,371,699
2020	2,574,254
2019	2,305,471
2018	1,501,701
2017	883,763
Total	22,549,676
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	6,831,655
2020	976,369
2019	1,883,908
2018	1,373,865
2017	817,954
2016	428,366
Prior	1,512,655
Total	13,824,772
Carrying value loan-to-value 70% and less \| Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,910,170
2020	819,406
2019	1,747,656
2018	1,324,807
2017	772,989
2016	425,926
Prior	1,497,503
Total	11,498,457
Carrying value loan-to-value 71% - 90% \| Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,921,485
2020	121,997
2019	136,252
2018	49,058
2017	44,965
2016	2,440
Prior	15,152
Total	2,291,349
Carrying value loan-to-value over 90% \| Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	34,966
2019	0
2018	0
2017	0
2016	0
Prior	0
Total	$ 34,966

INVESTMENTS - Other Investments

INVESTMENTS - Other Investments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Schedule of Investments [Line Items]
Investment in common stock	$ 8,208,566
Investments in renewable energy
Schedule of Investments [Line Items]
Investment in common stock	3,573,811
Accumulated depreciation	156,800
Investments in transportation and other leased assets
Schedule of Investments [Line Items]
Investment in common stock	2,663,759
Accumulated depreciation	105,100
Other investment partnerships
Schedule of Investments [Line Items]
Investment in common stock	234,301
Investments in real estate
Schedule of Investments [Line Items]
Investment in common stock	1,564,853
FHLB common stock and other investments
Schedule of Investments [Line Items]
Investment in common stock	$ 171,842

INVESTMENTS - FHLB (Details)

INVESTMENTS - FHLB (Details) $ in Thousands	Dec. 31, 2021USD ($)
Schedule of Investments [Line Items]
Investment in common stock	$ 8,208,566
Investment in FHLB
Schedule of Investments [Line Items]
Investment in common stock	137,760
Funding agreements issued to FHLB member banks	2,566,410
Collateral	4,135,612
FHLB Indianapolis \| Investment in FHLB
Schedule of Investments [Line Items]
Investment in common stock	80,640
Funding agreements issued to FHLB member banks	1,619,765
Collateral	2,577,698
FHLB Des Moines \| Investment in FHLB
Schedule of Investments [Line Items]
Investment in common stock	34,600
Funding agreements issued to FHLB member banks	620,006
Collateral	1,004,530
FHLB Boston \| Investment in FHLB
Schedule of Investments [Line Items]
Investment in common stock	22,520
Funding agreements issued to FHLB member banks	326,639
Collateral	$ 553,384

INVESTMENTS - Repurchase Agreem

INVESTMENTS - Repurchase Agreements (Details) $ in Thousands	Dec. 31, 2021USD ($)
Schedule of Investments [Line Items]
Total	$ 312,965
Corporate Securities
Schedule of Investments [Line Items]
Total	312,965
Overnight
Schedule of Investments [Line Items]
Total	0
Overnight \| Corporate Securities
Schedule of Investments [Line Items]
Total	0
Less than 30 days
Schedule of Investments [Line Items]
Total	0
Less than 30 days \| Corporate Securities
Schedule of Investments [Line Items]
Total	0
30 - 90 Days
Schedule of Investments [Line Items]
Total	0
30 - 90 Days \| Corporate Securities
Schedule of Investments [Line Items]
Total	0
Greater than 90 days
Schedule of Investments [Line Items]
Total	312,965
Greater than 90 days \| Corporate Securities
Schedule of Investments [Line Items]
Total	$ 312,965

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) $ in Thousands	12 Months Ended
DERIVATIVES - Narrative (Details) $ in Thousands	Dec. 31, 2021USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Restricted cash held with open derivative transactions with exchange brokers	$ 151,100
Bond Forward
Derivative Instruments and Hedging Activities Disclosures [Line Items]
AOCI	9,400
Securities purchased	1,600,000
Interest Rate Swap \| Global Atlantic Senior Notes Due 2029
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross amount recognized	473,890
Interest Rate Swap \| Global Atlantic Senior Notes due 2031
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross amount recognized	644,439
Interest Rate Swap \| Debt And Lease Obligation \| Global Atlantic Senior Notes Due 2029
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross amount recognized	500,000
Interest Rate Swap \| Debt And Lease Obligation \| Global Atlantic Senior Notes due 2031
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross amount recognized	$ 650,000

DERIVATIVES - Gain (Loss) on De

DERIVATIVES - Gain (Loss) on Derivatives and Related Hedges (Details) - Interest Rate Swap $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Global Atlantic Senior Notes Due 2029
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives	$ (18,808)
Hedged items	18,808
Net	0
Global Atlantic Senior Notes due 2031
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives	(5,561)
Hedged items	5,561
Net	0
FHLB Funding Agreement Liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives	(16,092)
Hedged items	16,092
Net	$ 0

DERIVATIVES - Carrying Value of

DERIVATIVES - Carrying Value of Instruments (Details) - Interest Rate Swap $ in Thousands	Dec. 31, 2021USD ($)
Global Atlantic Senior Notes Due 2029
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying value	$ 473,890
Fair value of hedge adjustments	(18,808)
Global Atlantic Senior Notes due 2031
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying value	644,439
Fair value of hedge adjustments	(5,561)
FHLB Funding Agreement Liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying value	1,070,770
Fair value of hedge adjustments	$ (16,092)

DERIVATIVES - Gains (Losses) on

DERIVATIVES - Gains (Losses) on Foreign Exchange Forwards (Details) - Foreign Exchange Contracts and Options $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net gains (losses) on derivative instruments	$ 21,490
AOCI	2,275
Amortization - excluded component	$ 2,971

DERIVATIVES - Derivative Assets

DERIVATIVES - Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative Assets
Fair value derivative assets, including embedded derivative	$ 1,918,818	$ 258,237
Derivative Liabilities
Fair value derivative liabilities, including embedded derivative	3,001,411	678,678
Asset Management
Derivative Assets
Gross amount recognized	591,128	258,237
Derivative Liabilities
Gross amount recognized	364,514	678,678
Fair value derivative liabilities	45,003	126,950
Asset Management \| Foreign Exchange Contracts and Options, and Foreign currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	12,822,521	9,837,178
Derivative Assets
Gross amount recognized	590,637	250,398
Derivative Liabilities
Gross amount recognized	319,511	551,728
Asset Management \| Other Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	505,725	802,988
Derivative Assets
Gross amount recognized	491	7,839
Derivative Liabilities
Gross amount recognized	45,003	126,950
Insurance
Derivative Assets
Gross amount recognized	1,447,965
Impact of netting	(152,015)
Fair value derivative assets	1,295,950
Fair value derivative assets, including embedded derivative	1,327,690
Derivative Liabilities
Gross amount recognized	297,178
Impact of netting	(152,015)
Fair value derivative liabilities	145,163	$ 0
Fair value derivative liabilities, including embedded derivative	2,636,897
Insurance \| Indexed universal life
Derivative Assets
Embedded derivative	0
Derivative Liabilities
Embedded derivative	557,276
Insurance \| Fixed-rate annuity
Derivative Assets
Embedded derivative	0
Derivative Liabilities
Embedded derivative	1,983,949
Insurance \| Policy Liabilities
Derivative Assets
Embedded derivative	0
Derivative Liabilities
Embedded derivative	2,541,225
Insurance \| Embedded derivative – funds withheld at interest
Derivative Assets
Embedded derivative	31,740
Derivative Liabilities
Embedded derivative	(49,491)
Insurance \| Foreign Exchange Contracts and Options, and Foreign currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	1,517,434
Derivative Assets
Gross amount recognized	32,464
Derivative Liabilities
Gross amount recognized	7,639
Insurance \| Equity market contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	31,294,053
Derivative Assets
Gross amount recognized	1,216,843
Derivative Liabilities
Gross amount recognized	186,754
Insurance \| Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	16,692,035
Derivative Assets
Gross amount recognized	198,658
Derivative Liabilities
Gross amount recognized	101,245
Insurance \| Credit risk contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	107,754
Derivative Assets
Gross amount recognized	0
Derivative Liabilities
Gross amount recognized	$ 1,540

DERIVATIVES - Derivative Gains

DERIVATIVES - Derivative Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative contracts not designated as hedges \| Asset Management
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	$ 468,204	$ (534,840)	$ 124,982
Derivative contracts not designated as hedges \| Asset Management \| Foreign Exchange Contracts and Options, and Foreign currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	545,238	(332,096)
Derivative contracts not designated as hedges \| Asset Management \| Other Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(77,034)	(202,744)	(56,502)
Derivative contracts not designated as hedges \| Asset Management \| Foreign Exchange Contracts and Options
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	545,238	(332,096)	181,484
Derivative contracts not designated as hedges \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	220,261	0	0
Derivative contracts not designated as hedges \| Insurance \| Funds withheld receivable embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	31,740	0	0
Derivative contracts not designated as hedges \| Insurance \| Funds withheld payable embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	49,491	0	0
Derivative contracts not designated as hedges \| Insurance \| Equity market contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	549,987	0	0
Derivative contracts not designated as hedges \| Insurance \| Equity future contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(263,637)	0	0
Derivative contracts not designated as hedges \| Insurance \| Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(146,920)	0	0
Derivative contracts not designated as hedges \| Insurance \| Credit risk contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(400)	0	0
Derivative contracts designated as hedges \| Insurance \| Gain (Loss) on Investments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	2,484	0	0
Derivative contracts designated as hedges \| Insurance \| Policy Benefits and Claims
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(16,177)	0	0
Derivative contracts designated as hedges \| Insurance \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(15,069)	0	0
Derivative contracts designated as hedges \| Insurance \| Foreign Exchange Contracts and Options \| Gain (Loss) on Investments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	2,484	0	0
Derivative contracts designated as hedges \| Insurance \| Interest rate swap \| Policy Benefits and Claims
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(16,177)	0	0
Derivative contracts designated as hedges \| Insurance \| Interest rate swap \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	$ (15,069)	$ 0	$ 0

DERIVATIVES - Offsetting Assets

DERIVATIVES - Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative assets (excluding embedded derivatives)
Collateral (received) / pledged	$ (1,086,061)
Net amount after collateral	209,889
Derivative liabilities (excluding embedded derivatives)
Collateral (received) / pledged	49,860
Net amount after collateral	95,303
Insurance
Derivative assets (excluding embedded derivatives)
Gross amount recognized	1,447,965
Gross amounts offset in the statement of financial position	(152,015)
Derivative assets	1,295,950
Derivative liabilities (excluding embedded derivatives)
Gross amount recognized	297,178
Gross amounts offset in the statement of financial position	(152,015)
Derivative instruments payable	$ 145,163	$ 0

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets, at fair value:
AFS fixed maturity securities	$ 68,870,886
Other investments	8,208,566
Asset Management
Liabilities, at fair value
Derivative liabilities	45,003	$ 126,950
Insurance
Assets, at fair value:
Derivative assets	1,295,950
Impact of netting	(152,015)
Reinsurance Recoverable	25,062,256	0
Separate account assets	5,586,428	0
Liabilities, at fair value
Derivative liabilities	145,163	0
Impact of netting	(152,015)
Funds withheld payable at interest	378,549	0
Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	557,276
Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	1,983,949
U.S. government and agencies
Assets, at fair value:
AFS fixed maturity securities	784,547
U.S. state, municipal and political subdivisions
Assets, at fair value:
AFS fixed maturity securities	5,109,697
Corporate
Assets, at fair value:
AFS fixed maturity securities	40,932,387
Level III \| Asset Management
Liabilities, at fair value
Unfunded Revolver Commitments	64,276
Level III \| Insurance
Assets, at fair value:
Funds withheld receivable at interest	31,740
Reinsurance Recoverable	1,293,791
Liabilities, at fair value
Policy liabilities	519,454
Closed block policy liabilities	1,350,224
Funds withheld payable at interest	(49,491)
Level III \| Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	557,276
Level III \| Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	1,983,949
Level III \| Corporate \| Insurance
Assets, at fair value:
Trading fixed maturity securities	1,751,150
Level III \| Structured securities \| Insurance
Assets, at fair value:
Trading fixed maturity securities	138,712
Fair value measured on recurring basis
Assets, at fair value:
Total Assets at Fair Value	168,108,140	60,108,701
Liabilities, at fair value
Total Liabilities at Fair Value	26,455,832	18,379,584
Fair value measured on recurring basis \| Asset Management
Assets, at fair value:
Total Investments	73,959,492	59,850,464
Total Assets at Fair Value	74,550,620	60,108,701
Liabilities, at fair value
Securities Sold Short	249,383	281,826
Unfunded Revolver Commitments	64,276	46,340
Total Liabilities at Fair Value	21,949,257	18,379,584
Fair value measured on recurring basis \| Insurance
Assets, at fair value:
Derivative assets	1,295,950
Impact of netting	(152,015)
AFS fixed maturity securities	68,870,886
Trading fixed maturity securities	13,753,573
Equity securities	289,133
Mortgage and other loan receivables	832,674
Other investments	1,603,345
Funds withheld receivable at interest	31,740
Reinsurance Recoverable	1,293,791
Separate account assets	5,586,428
Total Assets at Fair Value	93,557,520
Liabilities, at fair value
Derivative liabilities	145,163
Impact of netting	(152,015)
Total Liabilities at Fair Value	4,506,575
Policy liabilities	519,454
Closed block policy liabilities	1,350,224
Funds withheld payable at interest	(49,491)
Reinsurance liabilities	0
Fair value measured on recurring basis \| Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	557,276
Fair value measured on recurring basis \| Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	1,983,949
Fair value measured on recurring basis \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	784,547
Trading fixed maturity securities	623,632
Fair value measured on recurring basis \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	5,109,697
Trading fixed maturity securities	879,463
Fair value measured on recurring basis \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	40,932,387
Trading fixed maturity securities	9,051,947
Fair value measured on recurring basis \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	22,044,255
Trading fixed maturity securities	3,198,531
Fair value measured on recurring basis \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	21,271,084	17,372,740
Fair value measured on recurring basis \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Derivative assets	590,637
Total Assets at Fair Value		250,398
Liabilities, at fair value
Derivative liabilities	319,511	551,728
Fair value measured on recurring basis \| Other Derivatives \| Asset Management
Assets, at fair value:
Derivative assets	491	7,839
Liabilities, at fair value
Derivative liabilities	45,003	126,950
Fair value measured on recurring basis \| Equity market contracts \| Insurance
Assets, at fair value:
Derivative assets	1,216,843
Liabilities, at fair value
Derivative liabilities	186,754
Fair value measured on recurring basis \| Interest rate contracts \| Insurance
Assets, at fair value:
Derivative assets	198,658
Liabilities, at fair value
Derivative liabilities	101,245
Fair value measured on recurring basis \| Foreign currency contracts \| Insurance
Assets, at fair value:
Derivative assets	32,464
Liabilities, at fair value
Derivative liabilities	7,639
Fair value measured on recurring basis \| Credit contracts \| Insurance
Liabilities, at fair value
Derivative liabilities	1,540
Fair value measured on recurring basis \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	25,685,750	20,470,123
Fair value measured on recurring basis \| Credit \| Asset Management
Assets, at fair value:
Total Investments	7,949,573	11,203,905
Fair value measured on recurring basis \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	22,076,809	17,706,976
Fair value measured on recurring basis \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	12,500,749	6,096,618
Fair value measured on recurring basis \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	1,601,515	1,507,620
Fair value measured on recurring basis \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	4,145,096	2,865,222
Fair value measured on recurring basis \| Level I
Assets, at fair value:
Total Assets at Fair Value	10,085,152	3,679,307
Liabilities, at fair value
Total Liabilities at Fair Value	271,737	358,756
Fair value measured on recurring basis \| Level I \| Asset Management
Assets, at fair value:
Total Investments	3,285,443	3,678,865
Total Assets at Fair Value	3,285,443	3,679,307
Liabilities, at fair value
Securities Sold Short	249,383	281,826
Unfunded Revolver Commitments	0	0
Total Liabilities at Fair Value	249,383	358,756
Fair value measured on recurring basis \| Level I \| Insurance
Assets, at fair value:
Derivative assets	85,394
Impact of netting	(25,588)
AFS fixed maturity securities	500,325
Trading fixed maturity securities	371,366
Equity securities	256,196
Mortgage and other loan receivables	0
Other investments	0
Funds withheld receivable at interest	0
Reinsurance Recoverable	0
Separate account assets	5,586,428
Total Assets at Fair Value	6,799,709
Liabilities, at fair value
Derivative liabilities	22,354
Impact of netting	(25,588)
Total Liabilities at Fair Value	22,354
Policy liabilities	0
Closed block policy liabilities	0
Funds withheld payable at interest	0
Reinsurance liabilities	0
Fair value measured on recurring basis \| Level I \| Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	0
Fair value measured on recurring basis \| Level I \| Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	0
Fair value measured on recurring basis \| Level I \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	500,325
Trading fixed maturity securities	371,366
Fair value measured on recurring basis \| Level I \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0
Trading fixed maturity securities	0
Fair value measured on recurring basis \| Level I \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0
Trading fixed maturity securities	0
Fair value measured on recurring basis \| Level I \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0
Trading fixed maturity securities	0
Fair value measured on recurring basis \| Level I \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	0	0
Fair value measured on recurring basis \| Level I \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Derivative assets	0	0
Liabilities, at fair value
Derivative liabilities	0	0
Fair value measured on recurring basis \| Level I \| Other Derivatives \| Asset Management
Assets, at fair value:
Derivative assets	0	442
Liabilities, at fair value
Derivative liabilities	0	76,930
Fair value measured on recurring basis \| Level I \| Equity market contracts \| Insurance
Assets, at fair value:
Derivative assets	66,510
Liabilities, at fair value
Derivative liabilities	33,933
Fair value measured on recurring basis \| Level I \| Interest rate contracts \| Insurance
Assets, at fair value:
Derivative assets	44,472
Liabilities, at fair value
Derivative liabilities	14,009
Fair value measured on recurring basis \| Level I \| Foreign currency contracts \| Insurance
Assets, at fair value:
Derivative assets	0
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level I \| Credit contracts \| Insurance
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level I \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	2,044,380	2,758,396
Fair value measured on recurring basis \| Level I \| Credit \| Asset Management
Assets, at fair value:
Total Investments	0	0
Fair value measured on recurring basis \| Level I \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	0	0
Fair value measured on recurring basis \| Level I \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	0	0
Fair value measured on recurring basis \| Level I \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	482,061	485,988
Fair value measured on recurring basis \| Level I \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	759,002	434,481
Fair value measured on recurring basis \| Level II
Assets, at fair value:
Total Assets at Fair Value	99,972,517	22,734,040
Liabilities, at fair value
Total Liabilities at Fair Value	21,758,407	17,974,488
Fair value measured on recurring basis \| Level II \| Asset Management
Assets, at fair value:
Total Investments	25,881,404	22,482,913
Total Assets at Fair Value	26,472,053	22,734,040
Liabilities, at fair value
Securities Sold Short	0	0
Unfunded Revolver Commitments	0	0
Total Liabilities at Fair Value	21,635,598	17,974,488
Fair value measured on recurring basis \| Level II \| Insurance
Assets, at fair value:
Derivative assets	1,210,556
Impact of netting	(126,427)
AFS fixed maturity securities	59,891,500
Trading fixed maturity securities	12,398,408
Equity securities	0
Mortgage and other loan receivables	0
Other investments	0
Funds withheld receivable at interest	0
Reinsurance Recoverable	0
Separate account assets	0
Total Assets at Fair Value	73,500,464
Liabilities, at fair value
Derivative liabilities	122,809
Impact of netting	(126,427)
Total Liabilities at Fair Value	122,809
Policy liabilities	0
Closed block policy liabilities	0
Funds withheld payable at interest	0
Reinsurance liabilities	0
Fair value measured on recurring basis \| Level II \| Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	0
Fair value measured on recurring basis \| Level II \| Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	0
Fair value measured on recurring basis \| Level II \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	284,222
Trading fixed maturity securities	252,266
Fair value measured on recurring basis \| Level II \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	5,109,697
Trading fixed maturity securities	879,463
Fair value measured on recurring basis \| Level II \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	33,281,727
Trading fixed maturity securities	8,486,922
Fair value measured on recurring basis \| Level II \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	21,215,854
Trading fixed maturity securities	2,779,757
Fair value measured on recurring basis \| Level II \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	21,271,084	17,372,740
Fair value measured on recurring basis \| Level II \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Derivative assets	590,637	250,398
Liabilities, at fair value
Derivative liabilities	319,511	551,728
Fair value measured on recurring basis \| Level II \| Other Derivatives \| Asset Management
Assets, at fair value:
Derivative assets	12	729
Liabilities, at fair value
Derivative liabilities	45,003	50,020
Fair value measured on recurring basis \| Level II \| Equity market contracts \| Insurance
Assets, at fair value:
Derivative assets	1,150,333
Liabilities, at fair value
Derivative liabilities	152,821
Fair value measured on recurring basis \| Level II \| Interest rate contracts \| Insurance
Assets, at fair value:
Derivative assets	154,186
Liabilities, at fair value
Derivative liabilities	87,236
Fair value measured on recurring basis \| Level II \| Foreign currency contracts \| Insurance
Assets, at fair value:
Derivative assets	32,464
Liabilities, at fair value
Derivative liabilities	7,639
Fair value measured on recurring basis \| Level II \| Credit contracts \| Insurance
Liabilities, at fair value
Derivative liabilities	1,540
Fair value measured on recurring basis \| Level II \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	318,736	2,476,823
Fair value measured on recurring basis \| Level II \| Credit \| Asset Management
Assets, at fair value:
Total Investments	2,122,912	2,031,057
Fair value measured on recurring basis \| Level II \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	22,076,809	17,706,976
Fair value measured on recurring basis \| Level II \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	1,111,219	172,043
Fair value measured on recurring basis \| Level II \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	105,647	7,254
Fair value measured on recurring basis \| Level II \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	146,081	88,760
Fair value measured on recurring basis \| Level III
Assets, at fair value:
Total Assets at Fair Value	58,050,471	33,695,354
Liabilities, at fair value
Total Liabilities at Fair Value	4,425,688	46,340
Fair value measured on recurring basis \| Level III \| Asset Management
Assets, at fair value:
Total Investments	44,792,645	33,688,686
Total Assets at Fair Value	44,793,124	33,695,354
Liabilities, at fair value
Securities Sold Short	0	0
Unfunded Revolver Commitments	64,276	46,340
Total Liabilities at Fair Value	64,276	46,340
Fair value measured on recurring basis \| Level III \| Insurance
Assets, at fair value:
Derivative assets	0
Impact of netting	0
AFS fixed maturity securities	8,479,061
Trading fixed maturity securities	983,799
Equity securities	32,937
Mortgage and other loan receivables	832,674
Other investments	1,603,345
Funds withheld receivable at interest	31,740
Reinsurance Recoverable	1,293,791
Separate account assets	0
Total Assets at Fair Value	13,257,347
Liabilities, at fair value
Derivative liabilities	0
Impact of netting	0
Total Liabilities at Fair Value	4,361,412
Policy liabilities	519,454
Closed block policy liabilities	1,350,224
Funds withheld payable at interest	(49,491)
Reinsurance liabilities	0
Fair value measured on recurring basis \| Level III \| Insurance \| Indexed universal life
Liabilities, at fair value
Embedded derivative	557,276
Fair value measured on recurring basis \| Level III \| Insurance \| Fixed-rate annuity
Liabilities, at fair value
Embedded derivative	1,983,949
Fair value measured on recurring basis \| Level III \| Insurance \| Amounts due from unconsolidated investment funds
Assets, at fair value:
Mortgage and other loan receivables	27,300
Fair value measured on recurring basis \| Level III \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0
Trading fixed maturity securities	0
Fair value measured on recurring basis \| Level III \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0
Trading fixed maturity securities	0
Fair value measured on recurring basis \| Level III \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	7,650,660
Trading fixed maturity securities	565,025
Fair value measured on recurring basis \| Level III \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	828,401
Trading fixed maturity securities	418,774
Fair value measured on recurring basis \| Level III \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	0	0
Fair value measured on recurring basis \| Level III \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Derivative assets	0	0
Liabilities, at fair value
Derivative liabilities	0	0
Fair value measured on recurring basis \| Level III \| Other Derivatives \| Asset Management
Assets, at fair value:
Derivative assets	479	6,668
Liabilities, at fair value
Derivative liabilities	0	0
Fair value measured on recurring basis \| Level III \| Equity market contracts \| Insurance
Assets, at fair value:
Derivative assets	0
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level III \| Interest rate contracts \| Insurance
Assets, at fair value:
Derivative assets	0
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level III \| Foreign currency contracts \| Insurance
Assets, at fair value:
Derivative assets	0
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level III \| Credit contracts \| Insurance
Liabilities, at fair value
Derivative liabilities	0
Fair value measured on recurring basis \| Level III \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	23,322,634	15,234,904
Fair value measured on recurring basis \| Level III \| Credit \| Asset Management
Assets, at fair value:
Total Investments	5,826,661	9,172,848
Fair value measured on recurring basis \| Level III \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	0	0
Fair value measured on recurring basis \| Level III \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	11,389,530	5,924,575
Fair value measured on recurring basis \| Level III \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	1,013,807	1,014,378
Fair value measured on recurring basis \| Level III \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	3,240,013	$ 2,341,981
Fair value measured on recurring basis \| Fair Value Measured at Net Asset Value Per Share \| Real Estate and Private Equity Funds \| Insurance
Assets, at fair value:
Other investments	$ 108,700

FAIR VALUE MEASUREMENTS - Chang

FAIR VALUE MEASUREMENTS - Changes in Level III Assets (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Net Purchases/Issuances/Sales/Settlements	$ 15,798,158
Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	33,695,354	$ 26,489,991
Transfers In / (Out) - Changes in Consolidation	(5,672,986)	(18,814)
Transfers In	127,516	1,115,179
Transfers Out	(2,556,949)	(1,368,881)
Net Purchases/Issuances/Sales/Settlements	10,885,612	5,686,059
Net Unrealized and Realized Gains (Losses)	8,304,163	1,781,437
Change in OCI	10,414	10,383
Balance, End of Period	44,793,124	33,695,354
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	7,883,661	1,659,984
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	10,414	10,383
Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	7,166,169
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	688,006
Transfers Out	(73,964)
Net Purchases/Issuances/Sales/Settlements	4,912,546
Net Unrealized and Realized Gains (Losses)	581,331
Change in OCI	(16,741)
Balance, End of Period	13,257,347	7,166,169
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	22,051
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	5,165
AFS Fixed Maturity Securities
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	40,861,523
Transfers In / (Out) - Changes in Consolidation	(5,672,986)
Transfers In	815,522
Transfers Out	(2,630,913)
Net Purchases/Issuances/Sales/Settlements	15,798,158
Net Unrealized and Realized Gains (Losses)	8,885,494
Change in OCI	(6,327)
Balance, End of Period	58,050,471	40,861,523
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	7,905,712
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	15,579
AFS Fixed Maturity Securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	3,702,548
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	510,282
Transfers Out	(69,814)
Net Purchases/Issuances/Sales/Settlements	4,352,786
Net Unrealized and Realized Gains (Losses)	0
Change in OCI	(16,741)
Balance, End of Period	8,479,061	3,702,548
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	5,165
AFS Fixed Maturity Securities \| Insurance \| Corporate Securities
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	3,504,578
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	111,805
Transfers Out	(65,664)
Net Purchases/Issuances/Sales/Settlements	4,112,225
Net Unrealized and Realized Gains (Losses)	0
Change in OCI	(12,284)
Balance, End of Period	7,650,660	3,504,578
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	5,973
AFS Fixed Maturity Securities \| Insurance \| Structured securities
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	197,970
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	398,477
Transfers Out	(4,150)
Net Purchases/Issuances/Sales/Settlements	240,561
Net Unrealized and Realized Gains (Losses)	0
Change in OCI	(4,457)
Balance, End of Period	828,401	197,970
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	(808)
Trading Fixed Maturity Securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	691,311
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	172,721
Transfers Out	(4,150)
Net Purchases/Issuances/Sales/Settlements	124,065
Net Unrealized and Realized Gains (Losses)	(148)
Change in OCI	0
Balance, End of Period	983,799	691,311
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(392)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Trading Fixed Maturity Securities \| Insurance \| Corporate Securities
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	676,650
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	(111,516)
Net Unrealized and Realized Gains (Losses)	(109)
Change in OCI	0
Balance, End of Period	565,025	676,650
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(1,332)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Trading Fixed Maturity Securities \| Insurance \| Structured securities
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	14,661
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	172,721
Transfers Out	(4,150)
Net Purchases/Issuances/Sales/Settlements	235,581
Net Unrealized and Realized Gains (Losses)	(39)
Change in OCI	0
Balance, End of Period	418,774	14,661
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	940
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Equity securities at fair value \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	66,660
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	(86,778)
Net Unrealized and Realized Gains (Losses)	53,055
Change in OCI	0
Balance, End of Period	32,937	66,660
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	20,292
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Mortgage and other loan receivables \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	928,673
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	(98,120)
Net Unrealized and Realized Gains (Losses)	2,121
Change in OCI	0
Balance, End of Period	832,674	928,673
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(1,515)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Other investments \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	437,275
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	5,003
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	630,457
Net Unrealized and Realized Gains (Losses)	530,610
Change in OCI	0
Balance, End of Period	1,603,345	437,275
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	3,666
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Income assumed from funds withheld receivable at interest \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	0
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	0
Net Unrealized and Realized Gains (Losses)	31,740
Change in OCI	0
Balance, End of Period	31,740	0
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Reinsurance recoverable \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,339,702
Transfers In / (Out) - Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Issuances/Sales/Settlements	(9,864)
Net Unrealized and Realized Gains (Losses)	(36,047)
Change in OCI	0
Balance, End of Period	1,293,791	1,339,702
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0
Private Equity \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	15,234,904	9,871,682
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	5,034	780,833
Transfers Out	(504,112)	(413,330)
Net Purchases/Issuances/Sales/Settlements	2,672,278	2,159,106
Net Unrealized and Realized Gains (Losses)	5,914,530	2,836,613
Change in OCI	0	0
Balance, End of Period	23,322,634	15,234,904
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	5,610,159	2,537,525
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Credit \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	9,172,848	9,217,759
Transfers In / (Out) - Changes in Consolidation	(5,461,589)	231,872
Transfers In	86,135	0
Transfers Out	0	(3,287)
Net Purchases/Issuances/Sales/Settlements	1,898,617	370,845
Net Unrealized and Realized Gains (Losses)	120,236	(654,724)
Change in OCI	10,414	10,383
Balance, End of Period	5,826,661	9,172,848
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	143,647	(555,211)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	10,414	10,383
Real Assets \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	5,924,575	3,567,944
Transfers In / (Out) - Changes in Consolidation	(208,518)	(230,163)
Transfers In	17,567	197,972
Transfers Out	(1,914,962)	(113,770)
Net Purchases/Issuances/Sales/Settlements	5,996,313	2,612,071
Net Unrealized and Realized Gains (Losses)	1,574,555	(109,479)
Change in OCI	0	0
Balance, End of Period	11,389,530	5,924,575
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	1,443,458	(157,245)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Equity Method - Other \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,014,378	1,656,045
Transfers In / (Out) - Changes in Consolidation	0	(20,523)
Transfers In	0	136,374
Transfers Out	(22,601)	(836,021)
Net Purchases/Issuances/Sales/Settlements	(250,391)	92,841
Net Unrealized and Realized Gains (Losses)	272,421	(14,338)
Change in OCI	0	0
Balance, End of Period	1,013,807	1,014,378
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	222,087	10,958
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Other Investments \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	2,341,981	2,154,755
Transfers In / (Out) - Changes in Consolidation	(2,879)	0
Transfers In	18,780	0
Transfers Out	(115,274)	(2,473)
Net Purchases/Issuances/Sales/Settlements	518,817	435,456
Net Unrealized and Realized Gains (Losses)	478,588	(245,757)
Change in OCI	0	0
Balance, End of Period	3,240,013	2,341,981
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	520,477	(158,516)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Other Derivatives \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	6,668	21,806
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	49,978	15,740
Net Unrealized and Realized Gains (Losses)	(56,167)	(30,878)
Change in OCI	0	0
Balance, End of Period	479	6,668
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(56,167)	(17,527)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Break

FAIR VALUE MEASUREMENTS - Breakout of Asset Net Purchases/Issuances/Sales/Settlements (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	$ 28,508,183
Sales	(7,862,836)
Settlements	(4,847,189)
Net Purchases/Issuances/Sales/Settlements	15,798,158
Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	18,359,351	$ 10,515,365
Sales	(7,144,672)	(4,755,395)
Settlements	(329,067)	(73,911)
Net Purchases/Issuances/Sales/Settlements	10,885,612	5,686,059
Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	10,148,832
Sales	(718,164)
Settlements	(4,518,122)
Net Purchases/Issuances/Sales/Settlements	4,912,546
Investments \| Private Equity \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	3,400,895	3,610,965
Sales	(728,617)	(1,451,859)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	2,672,278	2,159,106
Investments \| Credit \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	5,840,132	3,097,652
Sales	(3,612,448)	(2,652,896)
Settlements	(329,067)	(73,911)
Net Purchases/Issuances/Sales/Settlements	1,898,617	370,845
Investments \| Real Assets \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	8,124,055	3,089,791
Sales	(2,127,742)	(477,720)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	5,996,313	2,612,071
Investments \| Equity Method - Other \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	23,110	183,893
Sales	(273,501)	(91,052)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	(250,391)	92,841
Investments \| Other Investments \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	921,181	515,964
Sales	(402,364)	(80,508)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	518,817	435,456
Investments \| Other Derivatives \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	49,978	17,100
Sales	0	(1,360)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	49,978	$ 15,740
AFS Fixed Maturity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net Purchases/Issuances/Sales/Settlements	15,798,158
AFS Fixed Maturity Securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	7,433,067
Sales	(71,254)
Settlements	(3,009,027)
Net Purchases/Issuances/Sales/Settlements	4,352,786
AFS Fixed Maturity Securities \| Insurance \| Corporate Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	7,165,017
Sales	(71,254)
Settlements	(2,981,538)
Net Purchases/Issuances/Sales/Settlements	4,112,225
AFS Fixed Maturity Securities \| Insurance \| Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	268,050
Sales	0
Settlements	(27,489)
Net Purchases/Issuances/Sales/Settlements	240,561
Fixed maturity securities, trading, at fair value \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	1,133,640
Sales	(2,114)
Settlements	(1,007,461)
Net Purchases/Issuances/Sales/Settlements	124,065
Fixed maturity securities, trading, at fair value \| Insurance \| Corporate Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	893,521
Sales	(2,114)
Settlements	(1,002,923)
Net Purchases/Issuances/Sales/Settlements	(111,516)
Fixed maturity securities, trading, at fair value \| Insurance \| Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	240,119
Sales	0
Settlements	(4,538)
Net Purchases/Issuances/Sales/Settlements	235,581
Equity securities at fair value \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	4,077
Sales	(83,864)
Settlements	(6,991)
Net Purchases/Issuances/Sales/Settlements	(86,778)
Mortgage and other loan receivables \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	413,335
Sales	(26,676)
Settlements	(484,779)
Net Purchases/Issuances/Sales/Settlements	(98,120)
Other investments \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	1,164,713
Sales	(534,256)
Settlements	0
Net Purchases/Issuances/Sales/Settlements	630,457
Reinsurance recoverable \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0
Sales	0
Settlements	(9,864)
Net Purchases/Issuances/Sales/Settlements	$ (9,864)

FAIR VALUE MEASUREMENTS - Cha_2

FAIR VALUE MEASUREMENTS - Changes in Level III Liabilities (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	$ 3,491,162
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	267,558
Net Unrealized and Realized Gains (Losses)	666,198
Change in OCI	770
Balance, End of Period	4,425,688	$ 3,491,162
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	17,625
Asset Management
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	46,340	75,842
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	311	(2,464)
Net Unrealized and Realized Gains (Losses)	17,625	(27,038)
Change in OCI	0	0
Balance, End of Period	64,276	46,340
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	17,625	(27,038)
Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	3,444,822
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	267,247
Net Unrealized and Realized Gains (Losses)	648,573
Change in OCI	770
Balance, End of Period	4,361,412	3,444,822
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Unfunded Revolver Commitments \| Asset Management
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	46,340	75,842
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	311	(2,464)
Net Unrealized and Realized Gains (Losses)	17,625	(27,038)
Change in OCI	0	0
Balance, End of Period	64,276	46,340
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	17,625	(27,038)
Policy liabilities \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	637,729
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	0
Net Unrealized and Realized Gains (Losses)	(118,275)
Change in OCI	0
Balance, End of Period	519,454	637,729
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Closed blocks \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,395,746
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	(41,829)
Net Unrealized and Realized Gains (Losses)	(4,463)
Change in OCI	770
Balance, End of Period	1,350,224	1,395,746
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Income ceded to funds withheld payable at interest \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	0
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	0
Net Unrealized and Realized Gains (Losses)	(49,491)
Change in OCI	0
Balance, End of Period	(49,491)	0
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Embedded derivative \| Insurance \| Indexed universal life
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	386,746
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	(2,702)
Net Unrealized and Realized Gains (Losses)	173,232
Change in OCI	0
Balance, End of Period	557,276	386,746
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0
Embedded derivative \| Insurance \| Fixed-rate annuity
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,024,601
Transfers In / (Out) Due to Changes in Consolidation	0
Transfers In	0
Transfers Out	0
Net Purchases/Sales/Settlements/Issuances	311,778
Net Unrealized and Realized Gains (Losses)	647,570
Change in OCI	0
Balance, End of Period	1,983,949	$ 1,024,601
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	$ 0

FAIR VALUE MEASUREMENTS - Bre_2

FAIR VALUE MEASUREMENTS - Breakout of Liability Issuances and Settlements (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Liabilities
Issuances	$ 339,496
Settlements	(71,938)
Net settlements/Issuances	267,558
Asset Management
Liabilities
Issuances	12,169	$ 0
Settlements	(11,858)	(2,464)
Net settlements/Issuances	311	(2,464)
Asset Management \| Unfunded Revolver Commitments
Liabilities
Issuances	12,169	0
Settlements	(11,858)	(2,464)
Net settlements/Issuances	311	$ (2,464)
Insurance
Liabilities
Issuances	327,327
Settlements	(60,080)
Net settlements/Issuances	267,247
Insurance \| Policy liabilities
Liabilities
Net settlements/Issuances	0
Insurance \| Closed blocks
Liabilities
Net settlements/Issuances	(41,829)
Insurance \| Closed blocks \| Indexed universal life
Liabilities
Issuances	0
Settlements	(41,829)
Insurance \| Income ceded to funds withheld payable at interest
Liabilities
Net settlements/Issuances	0
Insurance \| Embedded derivative \| Indexed universal life
Liabilities
Issuances	15,549
Settlements	(18,251)
Net settlements/Issuances	(2,702)
Insurance \| Embedded derivative \| Fixed-rate annuity
Liabilities
Issuances	311,778
Settlements	0
Net settlements/Issuances	$ 311,778

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation Methodologies and Significant Unobservable Inputs (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Insurance
Level III Assets
Reinsurance recoverable, fair value	$ 25,062,256,000	$ 0
Level III Liabilities
Funds withheld payable at interest	378,549,000	$ 0
Insurance \| Indexed universal life
Level III Liabilities
Embedded derivative, fair value	557,276,000
Insurance \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, fair value	$ 1,983,949,000
Illiquidity Discount \| Minimum
Level III Assets
Private equity, measurement input	0.05
Yield \| Yield Analysis \| Asset Management \| Weighted Average
Level III Liabilities
Unfunded revolving commitments, measurement input	0.056
Level III \| Asset Management
Level III Assets
Private equity, fair value	$ 23,322,634,000
Credit, fair value	5,826,661,000
Real assets, fair value	11,389,530,000
Equity method - other, fair value	1,013,807,000
Other investments, fair value	3,240,013,000
Level III Liabilities
Unfunded revolving commitments, fair value	64,276,000
Level III \| Insurance
Level III Assets
Other investments, fair value	1,447,957,000
Funds withheld receivables at interest	31,740,000
Reinsurance recoverable, fair value	1,293,791,000
Level III Liabilities
Policy liabilities, fair value	519,454,000
Closed block policy liabilities, fair value	1,350,224,000
Funds withheld payable at interest	(49,491,000)
Level III \| Insurance \| Indexed universal life
Level III Liabilities
Embedded derivative, fair value	557,276,000
Level III \| Insurance \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, fair value	$ 1,983,949,000
Level III \| Nonperformance Risk \| Insurance \| Minimum
Level III Liabilities
Closed block policy liabilities, measurement input	0.0037
Level III \| Nonperformance Risk \| Insurance \| Maximum
Level III Liabilities
Closed block policy liabilities, measurement input	0.0110
Level III \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	0.065
Other investments, measurement input	0.103
Level III \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	0.050
Other investments, measurement input	0.100
Level III \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	0.100
Other investments, measurement input	0.200
Level III \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	0.338
Other investments, measurement input	0.163
Level III \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	0
Other investments, measurement input	0
Level III \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	1
Other investments, measurement input	1
Level III \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	0.263
Other investments, measurement input	0.547
Level III \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	0
Other investments, measurement input	0
Level III \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	1
Other investments, measurement input	1
Level III \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	0.399
Other investments, measurement input	0.290
Level III \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	0
Other investments, measurement input	0
Level III \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	1
Other investments, measurement input	1
Level III \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	14.1
Other investments, measurement input	12
Level III \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	10.4
Other investments, measurement input	0.8
Level III \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	19.4
Other investments, measurement input	29.5
Level III \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	13.2
Other investments, measurement input	9.5
Level III \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	9
Other investments, measurement input	0.8
Level III \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	19.2
Other investments, measurement input	15.8
Level III \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	0.085
Other investments, measurement input	0.138
Level III \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	0.058
Other investments, measurement input	0.076
Level III \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	0.150
Other investments, measurement input	0.250
Level III \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Equity method - other, measurement input	10.3
Other investments, measurement input	8.1
Level III \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Equity method - other, measurement input	6
Other investments, measurement input	5.1
Level III \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Equity method - other, measurement input	15
Other investments, measurement input	11
Level III \| Yield \| Discounted cash flow \| Insurance
Level III Assets
Other investments, measurement input	0.000800
Level III \| Yield \| Yield Analysis \| Asset Management \| Weighted Average
Level III Assets
Credit, measurement input	0.082
Level III \| Yield \| Yield Analysis \| Asset Management \| Minimum
Level III Assets
Credit, measurement input	0.045
Level III Liabilities
Unfunded revolving commitments, measurement input	0.039
Level III \| Yield \| Yield Analysis \| Asset Management \| Maximum
Level III Assets
Credit, measurement input	0.303
Level III Liabilities
Unfunded revolving commitments, measurement input	0.069
Level III \| Net Leverage \| Yield Analysis \| Asset Management \| Weighted Average
Level III Assets
Credit, measurement input	6.1
Level III \| Net Leverage \| Yield Analysis \| Asset Management \| Minimum
Level III Assets
Credit, measurement input	0.3
Level III \| Net Leverage \| Yield Analysis \| Asset Management \| Maximum
Level III Assets
Credit, measurement input	33.6
Level III \| EBITDA Multiple \| Yield Analysis \| Asset Management \| Weighted Average
Level III Assets
Credit, measurement input	13
Level III \| EBITDA Multiple \| Yield Analysis \| Asset Management \| Minimum
Level III Assets
Credit, measurement input	1
Level III \| EBITDA Multiple \| Yield Analysis \| Asset Management \| Maximum
Level III Assets
Credit, measurement input	34
Level III \| Current Capitalization Rate \| Direct capitalization \| Insurance \| Weighted Average
Level III Assets
Other investments, measurement input	0.0554
Level III \| Current Capitalization Rate \| Direct capitalization \| Insurance \| Minimum
Level III Assets
Other investments, measurement input	0.0495
Level III \| Current Capitalization Rate \| Direct capitalization \| Insurance \| Maximum
Level III Assets
Other investments, measurement input	0.0605
Level III \| Vacancy rate \| Direct capitalization \| Insurance
Level III Assets
Other investments, measurement input	0.0500
Level III \| Duration/Weighted Average Life \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Funds withheld receivable at interest, measurement input, term	9 years 10 months 17 days
Level III Liabilities
Funds withheld receivable at interest, measurement input, term	9 years 10 months 13 days
Level III \| Duration/Weighted Average Life \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Funds withheld receivable at interest, measurement input, term	0 years
Level III Liabilities
Funds withheld receivable at interest, measurement input, term	0 years
Level III \| Duration/Weighted Average Life \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Funds withheld receivable at interest, measurement input, term	23 years 2 months 12 days
Level III Liabilities
Funds withheld receivable at interest, measurement input, term	20 years 3 months 18 days
Level III \| Contractholder Persistency \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Funds withheld receivable at interest, measurement input	0.0603
Level III Liabilities
Funds withheld receivable at interest, measurement input	0.0603
Level III \| Contractholder Persistency \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Funds withheld receivable at interest, measurement input	0.0330
Level III Liabilities
Funds withheld receivable at interest, measurement input	0.0330
Level III \| Contractholder Persistency \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Funds withheld receivable at interest, measurement input	0.1710
Level III Liabilities
Funds withheld receivable at interest, measurement input	0.1710
Level III \| Nonperformance Risk \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Funds withheld receivable at interest, measurement input	0.0037
Level III Liabilities
Funds withheld receivable at interest, measurement input	0.0037
Level III \| Nonperformance Risk \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Funds withheld receivable at interest, measurement input	0.0110
Level III Liabilities
Funds withheld receivable at interest, measurement input	0.0110
Level III \| Nonperformance Risk \| Future costs for options used to hedge the contract obligations \| Insurance \| Minimum \| Indexed universal life
Level III Liabilities
Embedded derivative, measurement input	0.0037
Level III \| Nonperformance Risk \| Future costs for options used to hedge the contract obligations \| Insurance \| Minimum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0037
Level III \| Nonperformance Risk \| Future costs for options used to hedge the contract obligations \| Insurance \| Maximum \| Indexed universal life
Level III Liabilities
Embedded derivative, measurement input	0.0110
Level III \| Nonperformance Risk \| Future costs for options used to hedge the contract obligations \| Insurance \| Maximum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0110
Level III \| Expense assumption \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Minimum
Level III Assets
Reinsurance recoverable, measurement input, expense per policy	$ 5.26
Level III Liabilities
Closed block liabilities, measurement input, value	5.26
Level III \| Expense assumption \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Maximum
Level III Assets
Reinsurance recoverable, measurement input, expense per policy	78
Level III Liabilities
Closed block liabilities, measurement input, value	$ 78
Level III \| Expense risk margin \| Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. \| Insurance
Level III Assets
Reinsurance recoverable, measurement input	0.0942
Level III Liabilities
Closed block policy liabilities, measurement input	0.0942
Level III \| Cost of capital \| Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. \| Insurance \| Minimum
Level III Assets
Reinsurance recoverable, measurement input	0.0369
Level III Liabilities
Closed block policy liabilities, measurement input	0.0369
Level III \| Cost of capital \| Unobservable inputs are a market participant’s view of the expenses, a risk margin on the uncertainty of the level of expenses and a cost of capital on the capital held in support of the liabilities. \| Insurance \| Maximum
Level III Assets
Reinsurance recoverable, measurement input	0.1385
Level III Liabilities
Closed block policy liabilities, measurement input	0.1385
Level III \| Mortality Rate \| Discounted cash flow \| Insurance
Level III Assets
Reinsurance recoverable, measurement input	0.0255
Level III Liabilities
Closed block policy liabilities, measurement input	0.0255
Level III \| Mortality Rate \| Policyholder behavior is also a significant unobservable input, including surrender and mortality. \| Insurance \| Minimum
Level III Liabilities
Policy liabilities, measurement input	0.0373
Level III \| Mortality Rate \| Policyholder behavior is also a significant unobservable input, including surrender and mortality. \| Insurance \| Maximum
Level III Liabilities
Policy liabilities, measurement input	0.0834
Level III \| Mortality Rate \| Policy persistency is a significant unobservable input. \| Insurance \| Indexed universal life
Level III Liabilities
Embedded derivative, measurement input	0.0068
Level III \| Mortality Rate \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, measurement input	0.0203
Level III \| Mortality Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, measurement input	0.0197
Level III \| Mortality Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Minimum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0136
Level III \| Mortality Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Maximum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0744
Level III \| Surrender Rate \| Discounted cash flow \| Insurance
Level III Assets
Reinsurance recoverable, measurement input	0.0533
Level III Liabilities
Closed block policy liabilities, measurement input	0.0533
Level III \| Surrender Rate \| Policyholder behavior is also a significant unobservable input, including surrender and mortality. \| Insurance \| Minimum
Level III Liabilities
Policy liabilities, measurement input	0.0310
Level III \| Surrender Rate \| Policyholder behavior is also a significant unobservable input, including surrender and mortality. \| Insurance \| Maximum
Level III Liabilities
Policy liabilities, measurement input	0.0709
Level III \| Surrender Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, measurement input	0.1013
Level III \| Surrender Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Minimum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0386
Level III \| Surrender Rate \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Maximum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.4156
Level III \| Risk Margin Rate \| Present value of best estimate liability cash flows. Unobservable inputs include a market participant view of the risk margin included in the discount rate which reflects the variability of the cash flows. \| Insurance \| Minimum
Level III Liabilities
Policy liabilities, measurement input	0.0037
Level III \| Risk Margin Rate \| Present value of best estimate liability cash flows. Unobservable inputs include a market participant view of the risk margin included in the discount rate which reflects the variability of the cash flows. \| Insurance \| Maximum
Level III Liabilities
Policy liabilities, measurement input	0.0125
Level III \| Lapse Rate \| Policy persistency is a significant unobservable input. \| Insurance \| Indexed universal life
Level III Liabilities
Embedded derivative, measurement input	0.0371
Level III \| Option Budge Assumption \| Future costs for options used to hedge the contract obligations \| Insurance \| Indexed universal life
Level III Liabilities
Embedded derivative, measurement input	0.0360
Level III \| Option Budge Assumption \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, measurement input	0.0161
Level III \| Utilization \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-rate annuity
Level III Liabilities
Embedded derivative, measurement input	0.0369
Level III \| Utilization \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0423
Level III \| Utilization \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Minimum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.0230
Level III \| Utilization \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Maximum \| Variable annuity
Level III Liabilities
Embedded derivative, measurement input	0.3323
Level III \| Private Equity \| Asset Management
Level III Assets
Private equity, fair value	$ 20,378,885,000
Level III \| Private Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	0.066
Level III \| Private Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	0.050
Level III \| Private Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	0.150
Level III \| Private Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	0.269
Level III \| Private Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	0.627
Level III \| Private Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	0.104
Level III \| Private Equity \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	18.5
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	9.9
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	35.6
Level III \| Private Equity \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	16.5
Level III \| Private Equity \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	7.4
Level III \| Private Equity \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	28.2
Level III \| Private Equity \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	0.093
Level III \| Private Equity \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	0.037
Level III \| Private Equity \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	0.152
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Private equity, measurement input	13.8
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Private equity, measurement input	6
Level III \| Private Equity \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Private equity, measurement input	18
Level III \| Growth Equity \| Asset Management
Level III Assets
Growth equity, fair value disclosure	$ 2,943,749,000
Level III \| Growth Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.091
Level III \| Growth Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0.050
Level III \| Growth Equity \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	0.200
Level III \| Growth Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.411
Level III \| Growth Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	1
Level III \| Growth Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.019
Level III \| Growth Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	0.500
Level III \| Growth Equity \| Weight Ascribed to Milestones \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.570
Level III \| Growth Equity \| Weight Ascribed to Milestones \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Weight Ascribed to Milestones \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	1
Level III \| Growth Equity \| Base \| Scenario Weighting \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.772
Level III \| Growth Equity \| Base \| Scenario Weighting \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0.700
Level III \| Growth Equity \| Base \| Scenario Weighting \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	0.800
Level III \| Growth Equity \| Downside \| Scenario Weighting \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.059
Level III \| Growth Equity \| Downside \| Scenario Weighting \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Downside \| Scenario Weighting \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	0.100
Level III \| Growth Equity \| Upside \| Scenario Weighting \| Asset Management \| Weighted Average
Level III Assets
Growth equity, measurement input	0.169
Level III \| Growth Equity \| Upside \| Scenario Weighting \| Asset Management \| Minimum
Level III Assets
Growth equity, measurement input	0.100
Level III \| Growth Equity \| Upside \| Scenario Weighting \| Asset Management \| Maximum
Level III Assets
Growth equity, measurement input	0.250
Level III \| Energy \| Asset Management
Level III Assets
Real assets, fair value	$ 865,717,000
Level III \| Energy \| Discounted cash flow \| Liquids
Level III Assets
Revenue ratio of liquids	91.00%
Level III \| Energy \| Discounted cash flow \| Natural Gas
Level III Assets
Revenue ratio of natural gas	9.00%
Level III \| Energy \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.382
Level III \| Energy \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Energy \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.500
Level III \| Energy \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.618
Level III \| Energy \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.500
Level III \| Energy \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Energy \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	4.6
Level III \| Energy \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	4.6
Level III \| Energy \| Enterprise Value/LTM EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	4.6
Level III \| Energy \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	4.8
Level III \| Energy \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	4
Level III \| Energy \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	7.6
Level III \| Energy \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.126
Level III \| Energy \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.100
Level III \| Energy \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.159
Level III \| Energy \| Average Price Per BOE \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input, value	$ 48.70
Level III \| Energy \| Average Price Per BOE \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input, value	46.58
Level III \| Energy \| Average Price Per BOE \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input, value	52.82
Level III \| Infrastructure \| Asset Management
Level III Assets
Real assets, fair value	$ 3,782,604,000
Level III \| Infrastructure \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.050
Level III \| Infrastructure \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.050
Level III \| Infrastructure \| Illiquidity Discount \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.050
Level III \| Infrastructure \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.015
Level III \| Infrastructure \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Weight Ascribed to Market Comparables \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.250
Level III \| Infrastructure \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.383
Level III \| Infrastructure \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Weight Ascribed to Discounted Cash Flow \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Infrastructure \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.602
Level III \| Infrastructure \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Weight Ascribed to Transaction Price \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Infrastructure \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Enterprise Value/Forward EBITDA Multiple \| Market comparables \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.064
Level III \| Infrastructure \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.047
Level III \| Infrastructure \| Weighted Average Cost of Capital \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.084
Level III \| Infrastructure \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	12.1
Level III \| Infrastructure \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	10
Level III \| Infrastructure \| Enterprise Value/LTM EBITDA Exit Multiple \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	12.9
Level III \| Real Estate \| Asset Management
Level III Assets
Real assets, fair value	$ 6,741,209,000
Level III \| Real Estate \| Weight Ascribed to Discounted Cash Flow \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.693
Level III \| Real Estate \| Weight Ascribed to Discounted Cash Flow \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Weight Ascribed to Discounted Cash Flow \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Weight Ascribed to Transaction Price \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.153
Level III \| Real Estate \| Weight Ascribed to Transaction Price \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Weight Ascribed to Transaction Price \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Weight Ascribed to Direct Income Capitalization \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.154
Level III \| Real Estate \| Weight Ascribed to Direct Income Capitalization \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Weight Ascribed to Direct Income Capitalization \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Current Capitalization Rate \| Direct income capitalization \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.051
Level III \| Real Estate \| Current Capitalization Rate \| Direct income capitalization \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.038
Level III \| Real Estate \| Current Capitalization Rate \| Direct income capitalization \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.074
Level III \| Real Estate \| Unlevered Discount Rate \| Discounted cash flow \| Asset Management \| Weighted Average
Level III Assets
Real assets, measurement input	0.063
Level III \| Real Estate \| Unlevered Discount Rate \| Discounted cash flow \| Asset Management \| Minimum
Level III Assets
Real assets, measurement input	0.040
Level III \| Real Estate \| Unlevered Discount Rate \| Discounted cash flow \| Asset Management \| Maximum
Level III Assets
Real assets, measurement input	0.180
Level III \| Corporate Securities \| Insurance
Level III Assets
Securities, fair value	$ 1,751,150,000
Level III \| Corporate Securities \| Discount Spread \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Securities, measurement input	0.0201
Level III \| Corporate Securities \| Discount Spread \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Securities, measurement input	0
Level III \| Corporate Securities \| Discount Spread \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Securities, measurement input	0.0473
Level III \| Structured securities \| Insurance
Level III Assets
Securities, fair value	$ 138,712,000
Level III \| Structured securities \| Discount Spread \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Securities, measurement input	0.0301
Level III \| Structured securities \| Discount Spread \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Securities, measurement input	0.0215
Level III \| Structured securities \| Discount Spread \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Securities, measurement input	0.0580
Level III \| Structured securities \| Constant Prepayment Rate \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Securities, measurement input	0.0730
Level III \| Structured securities \| Constant Prepayment Rate \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Securities, measurement input	0.0500
Level III \| Structured securities \| Constant Prepayment Rate \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Securities, measurement input	0.1500
Level III \| Structured securities \| Constant Default Rate \| Discounted cash flow \| Insurance \| Weighted Average
Level III Assets
Securities, measurement input	0.0117
Level III \| Structured securities \| Constant Default Rate \| Discounted cash flow \| Insurance \| Minimum
Level III Assets
Securities, measurement input	0.0100
Level III \| Structured securities \| Constant Default Rate \| Discounted cash flow \| Insurance \| Maximum
Level III Assets
Securities, measurement input	0.0250
Level III \| Structured securities \| Loss Severity \| Discounted cash flow \| Insurance
Level III Assets
Securities, measurement input	100

FAIR VALUE MEASUREMENTS - Instr

FAIR VALUE MEASUREMENTS - Instruments Not Carried At Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial liabilities:
Securities Sold Under Agreements to Repurchase	$ 312,965
Insurance
Financial assets:
Cash and cash equivalents	3,391,934	$ 0	$ 0
Restricted cash and cash equivalents	300,404	0	$ 0
Financial liabilities:
Funds withheld payable at interest	378,549	0
Securities Sold Under Agreements to Repurchase	300,446	$ 0
Level III \| Insurance
Financial assets:
Funds withheld receivables at interest	31,740
Financial liabilities:
Policy liabilities	519,454
Funds withheld payable at interest	(49,491)
Carrying Value \| Insurance
Financial assets:
Mortgage and other loan receivables	28,044,085
Policy loans	765,310
FHLB common stock and other investments	171,842
Funds withheld receivables at interest	2,967,708
Cash and cash equivalents	3,391,934
Restricted cash and cash equivalents	300,404
Total Assets at Fair Value	35,641,283
Financial liabilities:
Policy liabilities	30,295,965
Supplementary contracts without life contingencies	31,118
Funding agreements	2,566,410
Funds withheld payable at interest	23,509,744
Debt obligations	1,908,006
Securities Sold Under Agreements to Repurchase	300,446
Total financial liabilities	58,611,689
Fair Value \| Insurance
Financial assets:
Mortgage and other loan receivables	28,645,675
Policy loans	754,530
FHLB common stock and other investments	171,842
Funds withheld receivables at interest	2,967,708
Cash and cash equivalents	3,391,934
Restricted cash and cash equivalents	300,404
Total Assets at Fair Value	36,232,093
Financial liabilities:
Policy liabilities	28,419,520
Supplementary contracts without life contingencies	31,311
Funding agreements	2,549,494
Funds withheld payable at interest	23,509,744
Debt obligations	1,953,631
Securities Sold Under Agreements to Repurchase	300,446
Total financial liabilities	56,764,146
Fair Value \| Level I \| Insurance
Financial assets:
Mortgage and other loan receivables	0
Policy loans	0
FHLB common stock and other investments	0
Funds withheld receivables at interest	0
Cash and cash equivalents	3,391,934
Restricted cash and cash equivalents	300,404
Total Assets at Fair Value	3,692,338
Financial liabilities:
Policy liabilities	0
Supplementary contracts without life contingencies	0
Funding agreements	0
Funds withheld payable at interest	0
Debt obligations	0
Securities Sold Under Agreements to Repurchase	0
Total financial liabilities	0
Fair Value \| Level II \| Insurance
Financial assets:
Mortgage and other loan receivables	0
Policy loans	0
FHLB common stock and other investments	0
Funds withheld receivables at interest	2,967,708
Cash and cash equivalents	0
Restricted cash and cash equivalents	0
Total Assets at Fair Value	2,967,708
Financial liabilities:
Policy liabilities	28,419,520
Supplementary contracts without life contingencies	0
Funding agreements	0
Funds withheld payable at interest	23,509,744
Debt obligations	0
Securities Sold Under Agreements to Repurchase	300,446
Total financial liabilities	52,229,710
Fair Value \| Level III \| Insurance
Financial assets:
Mortgage and other loan receivables	28,645,675
Policy loans	754,530
FHLB common stock and other investments	171,842
Funds withheld receivables at interest	0
Cash and cash equivalents	0
Restricted cash and cash equivalents	0
Total Assets at Fair Value	29,572,047
Financial liabilities:
Policy liabilities	0
Supplementary contracts without life contingencies	31,311
Funding agreements	2,549,494
Funds withheld payable at interest	0
Debt obligations	1,953,631
Securities Sold Under Agreements to Repurchase	0
Total financial liabilities	$ 4,534,436

FAIR VALUE OPTION - Financial I

FAIR VALUE OPTION - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	$ 28,352,362	$ 25,552,357
Liabilities	23,140,762	17,372,740
Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	26,078,086	25,552,357
Liabilities	21,271,084	17,372,740
Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	2,274,276	0
Liabilities	1,869,678	0
Credit \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	2,019,229	5,958,958
Investments of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	22,076,809	17,706,976
Real Assets \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	182,858	177,240
Equity Method - Other \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	1,601,515	1,507,620
Other Investments \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	197,675	201,563
Other Investments \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	147,811	0
Mortgage and other loan receivables \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	832,674	0
Reinsurance recoverable \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	1,293,791	0
Debt Obligations of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	21,271,084	17,372,740
Policy loans \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	$ 1,869,678	$ 0

FAIR VALUE OPTION - Change in F

FAIR VALUE OPTION - Change in Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	$ 524,498	$ (301,768)	$ (103,747)
Fair value, option, liabilities, net realized gains (losses)	47,179	218	(2,368)
Fair value, option, assets, net unrealized gains (losses)	594,504	464,009	197,919
Fair value, option, liabilities, net unrealized gains (losses)	50,362	(99,721)	(362,783)
Fair value, option, assets, total gains (losses)	1,119,002	162,241	94,172
Fair value, option, liabilities, total gains (losses)	97,541	(99,503)	(365,151)
Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	524,498	(301,768)	(103,747)
Fair value, option, liabilities, net realized gains (losses)	47,179	218
Fair value, option, assets, net unrealized gains (losses)	106,154	464,009	197,919
Fair value, option, liabilities, net unrealized gains (losses)	(72,376)	(99,721)
Fair value, option, assets, total gains (losses)	630,652	162,241	94,172
Fair value, option, liabilities, total gains (losses)	(25,197)	(99,503)
Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0	0	0
Fair value, option, liabilities, net realized gains (losses)	0	0	0
Fair value, option, assets, net unrealized gains (losses)	488,350	0	0
Fair value, option, liabilities, net unrealized gains (losses)	122,738	0	0
Fair value, option, assets, total gains (losses)	488,350	0	0
Fair value, option, liabilities, total gains (losses)	122,738	0	0
Private Equity \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)			0
Fair value, option, assets, net unrealized gains (losses)			194
Fair value, option, assets, total gains (losses)			194
Credit \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	43,227	18,672	(67,279)
Fair value, option, assets, net unrealized gains (losses)	19,833	(14,743)	(203,666)
Fair value, option, assets, total gains (losses)	63,060	3,929	(270,945)
Investments of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	62,075	(188,506)	(57,230)
Fair value, option, assets, net unrealized gains (losses)	134,174	102,798	270,268
Fair value, option, assets, total gains (losses)	196,249	(85,708)	213,038
Real Assets \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	(1,133)	281	737
Fair value, option, assets, net unrealized gains (losses)	16,375	(11,545)	(2,038)
Fair value, option, assets, total gains (losses)	15,242	(11,264)	(1,301)
Equity Method - Other \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	404,513	(71,214)	17,373
Fair value, option, assets, net unrealized gains (losses)	(90,867)	331,062	157,291
Fair value, option, assets, total gains (losses)	313,646	259,848	174,664
Other Investments \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	15,816	(61,001)	2,652
Fair value, option, assets, net unrealized gains (losses)	26,639	56,437	(24,130)
Fair value, option, assets, total gains (losses)	42,455	(4,564)	(21,478)
Other Investments \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0
Fair value, option, assets, net unrealized gains (losses)	490,607
Fair value, option, assets, total gains (losses)	490,607
Mortgage and other loan receivables \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0
Fair value, option, assets, net unrealized gains (losses)	(2,257)
Fair value, option, assets, total gains (losses)	(2,257)
Debt Obligations of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, liabilities, net realized gains (losses)	47,179	218	(2,368)
Fair value, option, liabilities, net unrealized gains (losses)	(72,376)	(99,721)	(362,783)
Fair value, option, liabilities, total gains (losses)	(25,197)	(99,503)	(365,151)
Debt Obligations of Consolidated CFEs \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)		0
Fair value, option, assets, net unrealized gains (losses)		0
Fair value, option, assets, total gains (losses)		0
Policy loans \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, liabilities, net realized gains (losses)	0	0	0
Fair value, option, liabilities, net unrealized gains (losses)	122,738	0	0
Fair value, option, liabilities, total gains (losses)	$ 122,738	$ 0	$ 0

INSURANCE INTANGIBLES, UNEARN_3

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Deferred Policy Acquisition Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of GA Acquisition Date	$ 0
Deferrals	459,781
Amortized to expense during the period	(23,492)
Adjustment for unrealized investment-related losses (gains) during the period	11,597
Balance, as of end of period	$ 447,886

INSURANCE INTANGIBLES, UNEARN_4

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Value of Business Acquired Asset (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of GA Acquisition Date	$ 1,024,520
Amortized to expense during period	(65,257)
Balance, as of end of period	$ 959,263

INSURANCE INTANGIBLES, UNEARN_5

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Value of Business Acquired Liability (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of Acquisition Date	$ 1,273,414
Amortized to expense during period	(154,698)
Balance, as of end of period	$ 1,118,716

INSURANCE INTANGIBLES, UNEARN_6

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Estimated Future Amortization of VOBA (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
VOBA
2022	$ 67,204
2023	63,289
2024	59,428
2025	55,757
2026	52,230
2027 and thereafter	661,355
Total	959,263	$ 1,024,520
Negative VOBA
2022	(129,461)
2023	(113,820)
2024	(94,981)
2025	(79,279)
2026	(66,473)
2027 and thereafter	(634,702)
Total	(1,118,716)
Total, net
2022	(62,257)
2023	(50,531)
2024	(35,553)
2025	(23,522)
2026	(14,243)
2027 and thereafter	26,653
Total	$ (159,453)

INSURANCE INTANGIBLES, UNEARN_7

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Unearned Revenue Reserve (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Change In Contract With Customer, Asset And Liability [Roll Forward]
Balance, as of GA Acquisition Date	$ 0
Deferrals	57,649
Amortized to expense during the period	(12,247)
Adjustment for unrealized investment-related gains during the period	(11,798)
Balance, as of end of period	$ 33,604

REINSURANCE - Effects of Reinsu

REINSURANCE - Effects of Reinsurance Agreements (Details) $ in Thousands	Dec. 31, 2021USD ($)
Policy liabilities:
Direct	$ 67,131,818
Assumed	59,388,226
Total policy liabilities	126,520,044
Ceded	(25,035,228)
Net policy liabilities	$ 101,484,816

REINSURANCE - Credit Quality In

REINSURANCE - Credit Quality Indicator (Details) $ in Thousands	Dec. 31, 2021USD ($)
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	$ 28,038,902
Credit enhancements	23,490,354
Affiliated Entity
Ceded Credit Risk [Line Items]
Net reinsurance credit exposure	5,173,730
A++
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	7,911
Credit enhancements	0
Net reinsurance credit exposure	7,911
A+
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	1,989,426
Credit enhancements	0
Net reinsurance credit exposure	1,989,426
A
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	2,652,286
Credit enhancements	0
Net reinsurance credit exposure	2,652,286
A-
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	5,645,633
Credit enhancements	5,166,559
Net reinsurance credit exposure	479,074
B++
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	33,410
Credit enhancements	0
Net reinsurance credit exposure	33,410
B+
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	1,122
Credit enhancements	0
Net reinsurance credit exposure	1,122
B
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	9,227
Credit enhancements	0
Net reinsurance credit exposure	9,227
B-
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	1,274
Credit enhancements	0
Net reinsurance credit exposure	1,274
Not rated
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	17,698,613
Credit enhancements	18,323,795
Net reinsurance credit exposure	0
Not rated \| Affiliated Entity
Ceded Credit Risk [Line Items]
Net reinsurance credit exposure	$ 17,700,000

REINSURANCE - Additional Inform

REINSURANCE - Additional Information (Details) $ in Millions	Dec. 31, 2021USD ($)counterparty
Effects of Reinsurance [Line Items]
Funds withheld receivable at interest	$ 3,000
Number of counterparties \| counterparty	6
Collateral held on behalf of reinsurers	$ 23,400
Collateral held on our behalf by reinsurers	1,300
Reinsurer collateral, minimum amount held by trusts	55,200
Reinsurer collateral, reserves supported by trust assets	55,800
Cash Held In Trust
Effects of Reinsurance [Line Items]
Restricted cash	$ 149.3

REINSURANCE - Effects of Rein_2

REINSURANCE - Effects of Reinsurance on Statements of Operations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Premiums:
Direct	$ 107,733
Assumed	4,573,925
Ceded	(2,455,580)
Net Premiums	2,226,078
Policy fees:
Direct	860,170
Assumed	288,870
Ceded	(1,127)
Net policy fees	1,147,913
Policyholder Benefits and Claims Incurred [Abstract]
Direct	2,610,210
Assumed	5,175,944
Ceded	(2,730,445)
Net policy benefits and claims	5,055,709
Related Party Transaction [Line Items]
Assumed	4,573,925
Assumed	288,870
Assumed	5,175,944
Direct	860,170
Ceded	1,127
Net policy fees	1,147,913
Direct	2,610,210
Ceded	2,730,445
Net policy benefits and claims	5,055,709
Affiliated Entity
Premiums:
Assumed	8,700
Policy fees:
Assumed	6,200
Policyholder Benefits and Claims Incurred [Abstract]
Assumed	76,200
Related Party Transaction [Line Items]
Assumed	8,700
Assumed	6,200
Assumed	$ 76,200

NET INCOME (LOSS) ATTRIBUTABL_3

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Basic	$ 4,560,829	$ 1,945,954	$ 1,971,685
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	4,560,829	1,942,887	1,971,685
Accumulated Series C Mandatory Convertible Preferred Dividend (if dilutive)	69,000	26,300
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted	$ 4,629,829	$ 1,969,145	$ 1,971,685
Common Stock
Basic Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic (in shares)	582,258,984	562,812,883	545,096,999
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Basic (in dollars per share)	$ 7.83	$ 3.45	$ 3.62
Diluted Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic (in shares)	582,258,984	562,812,883	545,096,999
Incremental Common Shares:
Assumed vesting of dilutive equity awards (in shares)	24,011,281	9,823,514	12,590,513
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares)	633,092,865	583,685,352	557,687,512
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted (in dollars per share)	$ 7.31	$ 3.37	$ 3.54
Series C Mandatory Convertible Preferred Stock
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK
Accumulated Series C Mandatory Convertible Preferred Dividend	$ 0	$ 3,067	$ 0
Accumulated Series C Mandatory Convertible Preferred Dividend (if dilutive)	$ 69,000	$ 26,258	$ 0
Incremental Common Shares:
Assumed conversion of Series C Mandatory Convertible Preferred Stock (in shares)	26,822,600	11,048,955	0

NET INCOME (LOSS) ATTRIBUTABL_4

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK - Narrative (Details) - USD ($) $ in Thousands	Aug. 14, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Accumulated Series C Mandatory Convertible Preferred Dividend (if dilutive)		$ 69,000	$ 26,300
Stock excluded from earnings per share calculation (in shares)		271,719,976	283,633,220	296,445,196
Reorganization Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock excluded from earnings per share calculation (in shares)		8,500,000
Series C Mandatory Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Assumed conversion of Series C Mandatory Convertible Preferred Stock (in shares)		26,822,600	11,048,955	0
Consecutive trading days	20 days	20 days
Trading days prior to period end	21 days	21 days
Accumulated Series C Mandatory Convertible Preferred Dividend (if dilutive)		$ 69,000	$ 26,258	$ 0
Common Stock \| Market Condition Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock excluded from earnings per share calculation (in shares)		16,900,000	21,900,000	5,000,000

NET INCOME (LOSS) ATTRIBUTABL_5

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK - Antidilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Weighted Average KKR Holding Units (in shares)	271,719,976	283,633,220	296,445,196

OTHER ASSETS AND ACCRUED EXPE_3

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES - Other Assets (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total Other Assets		$ 7,939,831	$ 2,665,336
Immaterial acquisition
Segment Reporting, Asset Reconciling Item [Line Items]
GA Rollover Investors	$ 4,600
Asset Management
Segment Reporting, Asset Reconciling Item [Line Items]
Unsettled Investment Sales		182,267	197,635
Receivables		81,133	75,697
Due from Broker		365,053	644,028
Deferred Tax Assets, net		85,770	83,822
Interest Receivable		144,221	145,532
Fixed Assets, net		820,143	760,606
Foreign Exchange Contracts and Options		590,637	250,398
Goodwill		83,500	83,500
Derivative Assets		491	7,839
Prepaid Taxes		93,296	77,041
Prepaid Expenses		29,290	26,366
Operating Lease Right of Use Assets		228,363	190,758
Deferred Financing Costs		17,953	22,810
Other		164,196	99,304
Total Other Assets		2,886,313	2,665,336
Accumulated depreciation and amortization of fixed assets		141,600	151,300
Depreciation and amortization expense of fixed assets		46,500	18,600	$ 17,700
Operating lease cost		$ 49,000	$ 56,400
Operating lease, weighted average remaining lease term (in years)		9 years 6 months	9 years 9 months 18 days
Insurance
Segment Reporting, Asset Reconciling Item [Line Items]
Unsettled Investment Sales		$ 941,427	$ 0
Deferred Tax Assets, net		755,876	0
Goodwill		501,496	0
Derivative Assets		1,295,950	0
Accrued Investment Income		817,486	0
Intangible Assets and Deferred Sales Inducements		293,824	0
Operating Lease Right of Use Assets		160,888	0
Deferred Financing Costs		18,675
Other		96,093	0
Premiums and Other Account Receivables		86,524	0
Current Income Tax Recoverable		103,954	0
Total Other Assets		5,053,518	$ 0
Operating lease cost		14,600
Deferred rent and lease incentives		$ 22,700
Operating lease, weighted average remaining lease term (in years)		7 years 9 months 18 days
Definite lived intangible assets, useful life		16 years
Amortization expense of definite lived intangible assets		$ 16,200
Insurance \| Immaterial acquisition
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		$ 4,500
Insurance \| Other Assets
Segment Reporting, Asset Reconciling Item [Line Items]
Operating lease, weighted average remaining lease term (in years)		27 years 10 months 24 days

OTHER ASSETS AND ACCRUED EXPE_4

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES - Accounts Payable, Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating Lease Liabilities	$ 230,995
Securities Sold Under Agreements to Repurchase	312,965
Total Accrued Expenses and Other Liabilities	11,160,463	$ 5,257,813
Asset Management
Lessee, Lease, Description [Line Items]
Amounts Payable to Carry Pool	3,650,312	1,916,669
Unsettled Investment Purchases	1,315,163	850,714
Securities Sold Short	249,383	281,826
Derivative Liabilities	45,003	126,950
Accrued Compensation and Benefits	210,789	150,883
Interest Payable	162,801	182,044
Foreign Exchange Contracts and Options	319,511	551,728
Accounts Payable and Accrued Expenses	187,564	130,661
Taxes Payable	42,745	88,040
Uncertain Tax Positions	78,226	76,643
Unfunded Revolver Commitments	64,276	46,340
Operating Lease Liabilities	230,995	191,564
Deferred Tax Liabilities, net (See Note 18)	900,436	199,425
Other Liabilities	439,693	464,326
Total Accrued Expenses and Other Liabilities	$ 7,896,897	$ 5,257,813
Operating lease, maximum extension term (in years)	3 years
Operating lease, weighted average remaining lease term (in years)	9 years 6 months	9 years 9 months 18 days
Operating lease, weighted average discount rate (as a percentage)	1.20%	1.20%
Insurance
Lessee, Lease, Description [Line Items]
Unsettled Investment Purchases	$ 395,722	$ 0
Derivative Liabilities	145,163	0
Interest Payable	12,930	0
Operating Lease Liabilities	180,574	0
Collateral on Derivative Instruments	1,086,061	0
Accrued Expenses	747,237	0
Securities Sold Under Agreements to Repurchase	300,446	0
Accrued Employee Related Expenses	280,668	0
Tax Payable to Former Parent Company	74,423	0
Accounts and Commissions Payable	26,054	0
Other Tax Related Liabilities	14,288	0
Total Accrued Expenses and Other Liabilities	$ 3,263,566	$ 0
Operating lease, weighted average remaining lease term (in years)	7 years 9 months 18 days
Operating lease, weighted average discount rate (as a percentage)	2.90%
Operating lease, optional extension period	10 years
Minimum \| Asset Management
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	1 year
Minimum \| Insurance
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	1 year
Maximum \| Asset Management
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	14 years
Maximum \| Insurance
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	12 years

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) - Investments in Unconsolidated Investment Funds $ in Millions	Dec. 31, 2021USD ($)
KKR
Variable Interest Entity [Line Items]
Commitment to unconsolidated investment funds	$ 5,400
Global Atlantic
Variable Interest Entity [Line Items]
Unfunded commitments	$ 25.6

VARIABLE INTEREST ENTITIES - Ma

VARIABLE INTEREST ENTITIES - Maximum Exposure to Loss (Details) - Investments in Unconsolidated CLO Vehicles - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	$ 12,807,021	$ 7,047,025
Asset Management
Variable Interest Entity [Line Items]
Investments	11,539,945	6,460,430
Due from (to) Affiliates, net	1,046,210	586,595
Maximum Exposure to Loss	12,586,155	7,047,025
Insurance
Variable Interest Entity [Line Items]
Investments	190,106	0
Investment in Renewable Partnerships - Insurance	30,760	0
Maximum Exposure to Loss	$ 220,866	$ 0

DEBT OBLIGATIONS - KKR's Borrow

DEBT OBLIGATIONS - KKR's Borrowings (Details)	12 Months Ended
DEBT OBLIGATIONS - KKR's Borrowings (Details)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021JPY (¥)	Dec. 31, 2021EUR (€)	Mar. 31, 2021USD ($)
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 61,614,000	$ 43,501,000
Asset Management
Debt Instrument [Line Items]
Financing Available	7,420,554,000	8,076,897,000
Borrowing Outstanding	36,669,755,000	33,423,596,000
Fair Value	37,329,255,000	34,246,547,000
Other Debt Obligations \| Asset Management
Debt Instrument [Line Items]
Financing Available	4,941,755,000	5,621,883,000
Borrowing Outstanding	30,033,601,000	27,875,338,000
Fair Value	30,033,601,000	27,889,438,000
Financing Facilities of Consolidated Funds and Other \| Asset Management
Debt Instrument [Line Items]
Financing Available	4,941,755,000
Borrowing Outstanding	8,762,517,000
Fair Value	$ 8,762,517,000
Weighted average interest rate (percentage)	3.10%		3.10%	3.10%
Weighted average remaining maturity (in years)	4 years
Secured Debt \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 4,941,755,000
Borrowing Outstanding	30,033,601,000
Fair Value	30,033,601,000
Senior Notes \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	6,636,154,000	5,548,258,000
Fair Value	7,295,654,000	6,357,109,000
Senior Notes \| KKR Issued 0.509% Notes Due 2023
Debt Instrument [Line Items]
Unamortized debt issuance costs	369,000	669,000
Senior Notes \| KKR Issued 0.509% Notes Due 2023 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	216,881,000	241,331,000
Fair Value	216,818,000	241,580,000
Aggregate principal amount	$ 217,300,000		¥ 25,000,000,000
Interest rate, stated percentage	0.509%		0.509%	0.509%
Senior Notes \| KKR Issued 0.764% Notes Due 2025
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 368,000	481,000
Senior Notes \| KKR Issued 0.764% Notes Due 2025 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	43,082,000	47,919,000
Fair Value	43,452,000	48,554,000
Aggregate principal amount	$ 43,500,000		¥ 5,000,000,000
Interest rate, stated percentage	0.764%		0.764%	0.764%
Senior Notes \| KKR Issued 1.625% Notes Due 2029
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 4,526,000	5,138,000
Senior Notes \| KKR Issued 1.625% Notes Due 2029 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	729,048,000	790,157,000
Fair Value	776,926,000	870,647,000
Aggregate principal amount	$ 736,100,000			€ 650,000,000
Interest rate, stated percentage	1.625%		1.625%	1.625%
Senior Notes \| KKR Issued 3.750% Notes Due 2029
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 4,820,000	5,710,000
Senior Notes \| KKR Issued 3.750% Notes Due 2029 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	743,333,000	742,196,000
Fair Value	825,540,000	874,658,000
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.75%		3.75%	3.75%
Senior Notes \| KKR Issued 1.595% Notes Due 2038
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 1,002,000	1,064,000
Senior Notes \| KKR Issued 1.595% Notes Due 2038 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	88,505,000	98,640,000
Fair Value	92,198,000	104,004,000
Aggregate principal amount	$ 89,500,000		¥ 10,300,000,000
Interest rate, stated percentage	1.595%		1.595%	1.595%
Senior Notes \| KKR Issued 5.500% Notes Due 2043
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 3,127,000	3,276,000
Senior Notes \| KKR Issued 5.500% Notes Due 2043 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	491,153,000	492,513,000
Fair Value	661,351,000	666,885,000
Aggregate principal amount	$ 500,000,000
Interest rate, stated percentage	5.50%		5.50%	5.50%
Senior Notes \| KKR Issued 5.125% Notes Due 2044
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 7,051,000	7,367,000
Senior Notes \| KKR Issued 5.125% Notes Due 2044 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	951,462,000	991,471,000
Fair Value	1,237,888,000	1,307,220,000
Aggregate principal amount	$ 1,000,000,000
Interest rate, stated percentage	5.125%		5.125%	5.125%
Senior Notes \| KKR Issued 3.625% Notes Due 2050
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 5,046,000	5,321,000
Senior Notes \| KKR Issued 3.625% Notes Due 2050 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	492,486,000	492,123,000
Fair Value	535,550,000	556,095,000
Aggregate principal amount	$ 500,000,000
Interest rate, stated percentage	3.625%		3.625%	3.625%
Senior Notes \| KKR Issued 3.500% Notes Due 2050
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 7,487,000	8,167,000
Senior Notes \| KKR Issued 3.500% Notes Due 2050 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	735,905,000	735,161,000
Fair Value	784,650,000	830,280,000
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.50%		3.50%	3.50%
Senior Notes \| Senior Notes 3.250 Percent Due 2051
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 8,094,000	0
Senior Notes \| Senior Notes 3.250 Percent Due 2051 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	739,481,000	0
Fair Value	747,900,000	0
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.25%		3.25%	3.25%
Senior Notes \| KKR Issued 4.625% Notes Due 2061
Debt Instrument [Line Items]
Aggregate principal amount					$ 500,000,000
Interest rate, stated percentage					4.625%
Unamortized debt issuance costs	$ 13,956,000	0
Senior Notes \| KKR Issued 4.625% Notes Due 2061 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	486,044,000	0
Fair Value	523,200,000	0
Aggregate principal amount	$ 500,000,000
Interest rate, stated percentage	4.625%		4.625%	4.625%
Senior Notes \| KFN Issued 5.500% Notes Due 2032
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 3,378,000	3,707,000
Senior Notes \| KFN Issued 5.500% Notes Due 2032 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	495,025,000	494,540,000
Fair Value	487,779,000	502,992,000
Aggregate principal amount	$ 500,000,000
Interest rate, stated percentage	5.50%		5.50%	5.50%
Senior Notes \| KFN Issued 5.200% Notes Due 2033
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 1,347,000	1,467,000
Senior Notes \| KFN Issued 5.200% Notes Due 2033 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	118,654,000	118,533,000
Fair Value	115,535,000	118,300,000
Aggregate principal amount	$ 120,000,000
Interest rate, stated percentage	5.20%		5.20%	5.20%
Senior Notes \| KFN Issued 5.400% Notes Due 2033
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 1,043,000	1,134,000
Senior Notes \| KFN Issued 5.400% Notes Due 2033 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	68,957,000	68,866,000
Fair Value	68,532,000	70,267,000
Aggregate principal amount	$ 70,000,000
Interest rate, stated percentage	5.40%		5.40%	5.40%
Senior Notes \| KFN Issued Junior Subordinated Notes \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 236,138,000	234,808,000
Fair Value	178,335,000	$ 165,627,000
Aggregate principal amount	$ 258,500,000
Weighted average interest rate (percentage)	2.60%	2.70%	2.60%	2.60%
Weighted average remaining maturity (in years)	14 years 9 months 18 days	15 years 9 months 18 days
Consolidated CLO \| Secured Debt
Debt Instrument [Line Items]
Weighted average interest rate (percentage)	1.80%		1.80%	1.80%
Consolidated CLO \| Secured Debt \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 0
Borrowing Outstanding	21,271,084,000
Fair Value	$ 21,271,084,000
Weighted average remaining maturity (in years)	10 years 7 months 6 days
Revolving Credit Facility \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 2,478,799,000	$ 2,455,014,000
Revolving Credit Facility \| Corporate Credit Agreement \| Asset Management
Debt Instrument [Line Items]
Financing Available	1,000,000,000	1,000,000,000
Borrowing Outstanding	0	0
Fair Value	0	0
Revolving Credit Facility \| KCM Credit Agreement \| Asset Management
Debt Instrument [Line Items]
Financing Available	728,799,000	705,014,000
Borrowing Outstanding	0	0
Fair Value	0	0
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Asset Management
Debt Instrument [Line Items]
Financing Available	750,000,000	750,000,000
Borrowing Outstanding	0	0
Fair Value	$ 0	$ 0

DEBT OBLIGATIONS - Asset Manage

DEBT OBLIGATIONS - Asset Management Revolving Credit Facilities (Details) - Revolving Credit Facility - KCM Short-term Credit Agreement	Apr. 09, 2021USD ($)
Debt Instrument [Line Items]
Debt instrument, term	364 days
Line of credit facility, maximum borrowing capacity	$ 750,000,000
LIBOR \| Minimum \| Revolving Credit Facilities
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
LIBOR \| Maximum \| Revolving Credit Facilities
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.75%
Base Rate \| Minimum \| Revolving Credit Facilities
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Base Rate \| Maximum \| Revolving Credit Facilities
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%

DEBT OBLIGATIONS - Asset Mana_2

DEBT OBLIGATIONS - Asset Management Notes Issuance and Redemptions (Details) - Senior Notes - USD ($)	Dec. 08, 2021	Mar. 31, 2021
KKR Issued 4.625% Notes Due 2061
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000
Interest rate, stated percentage		4.625%
Percentage of aggregate principal amount of debt outstanding, not less than		25.00%
Redemption price percentage		100.00%
Minimum redemption amount		$ 25,000,000
Tax redemption event, threshold days		120 days
KKR Issued 4.625% Notes Due 2061 \| Redemption, Rating Agency Event
Debt Instrument [Line Items]
Redemption price percentage		102.00%
Debt redemption, threshold days		90 days
Senior Notes, 3.250% Due 2051
Debt Instrument [Line Items]
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.25%
Percentage of aggregate principal amount of debt outstanding, not less than	25.00%
Senior Notes, 3.250% Due 2051 \| Redemption, Rating Agency Event
Debt Instrument [Line Items]
Redemption price percentage	101.00%

DEBT OBLIGATIONS - Other Debt O

DEBT OBLIGATIONS - Other Debt Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Asset Management
Debt Instrument [Line Items]
Financing Available	$ 7,420,554	$ 8,076,897
Borrowing Outstanding	36,669,755	33,423,596
Fair Value	37,329,255	$ 34,246,547
Financing Facilities of Consolidated Funds and Other \| Asset Management
Debt Instrument [Line Items]
Financing Available	4,941,755
Borrowing Outstanding	8,762,517
Fair Value	$ 8,762,517
Weighted Average Interest Rate	3.10%
Weighted Average Remaining Maturity in Years	4 years
Debt Obligations of Consolidated CFEs \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 4,941,755
Borrowing Outstanding	30,033,601
Fair Value	$ 30,033,601
Debt Obligations of Consolidated CFEs \| Consolidated CLO
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.80%
Borrowings collateralized by fund investments	$ 1,900,000
Debt Obligations of Consolidated CFEs \| Consolidated CLO \| Asset Management
Debt Instrument [Line Items]
Financing Available	0
Borrowing Outstanding	21,271,084
Fair Value	$ 21,271,084
Weighted Average Remaining Maturity in Years	10 years 7 months 6 days

DEBT OBLIGATIONS - Global Atlan

DEBT OBLIGATIONS - Global Atlantic's Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
Borrowing Outstanding, Gross	$ 36,914,472
Insurance
Debt Instrument [Line Items]
Borrowings Outstanding, net	1,900,000
Purchase Accounting Adjustments	51,050
Debt issuance costs, net of accumulated amortization	(18,675)
Fair value loss (gain) of hedged debt obligations, recognized in earnings	(24,369)
Borrowing Outstanding, Gross	1,908,006
Fair Value	1,945,625
Amortization of purchase accounting adjustments	4,900
Global Atlantic Revolving Credit Facility Due May 2023 \| Revolving Credit Facility \| Insurance
Debt Instrument [Line Items]
Financing Available	1,000,000
Borrowings Outstanding, net	0
Fair Value	0
Senior Notes \| Global Atlantic Senior Notes Due 2029 \| Insurance
Debt Instrument [Line Items]
Borrowings Outstanding, net	500,000
Fair Value	539,350
Senior Notes \| Global Atlantic Senior Notes due 2031 \| Insurance
Debt Instrument [Line Items]
Borrowings Outstanding, net	650,000
Fair Value	644,800
Subordinated Debt \| Global Atlantic Subordinated Debentures Due 2051 \| Insurance
Debt Instrument [Line Items]
Borrowings Outstanding, net	750,000
Fair Value	$ 761,475

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) - USD ($)

Dec. 08, 2021

Aug. 04, 2021

Jul. 06, 2021

Jun. 18, 2021

Jun. 17, 2021

Apr. 09, 2021

Mar. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Oct. 07, 2019

May 30, 2018

Apr. 30, 2018

Consolidated VIEs

Debt Instrument [Line Items]

Fair value of consolidated assets

$ 94,122,344,000

$ 51,790,764,000

Consolidated VIEs | Consolidated CLOs

Debt Instrument [Line Items]

Fair value of consolidated assets

$ 23,466,130,000

$ 18,617,992,000

KKR Issued 4.625% Notes Due 2061 | Senior Notes

Debt Instrument [Line Items]

Interest rate, stated percentage

4.625%

Aggregate principal amount

$ 500,000,000

Percentage of aggregate principal amount of debt outstanding, not less than

25.00%

Redemption price percentage

100.00%

Minimum redemption amount

$ 25,000,000

Tax redemption event, threshold days

120 days

KKR Issued 4.625% Notes Due 2061 | Senior Notes | Redemption, Rating Agency Event

Debt Instrument [Line Items]

Redemption price percentage

102.00%

Debt redemption, threshold days

90 days

Senior Notes, 3.250% Due 2051 | Senior Notes

Debt Instrument [Line Items]

Interest rate, stated percentage

3.25%

Aggregate principal amount

$ 750,000,000

Percentage of aggregate principal amount of debt outstanding, not less than

25.00%

Senior Notes, 3.250% Due 2051 | Senior Notes | Redemption, Rating Agency Event

Debt Instrument [Line Items]

Redemption price percentage

101.00%

Global Atlantic Credit Agreement | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 1,000,000,000

$ 650,000,000

Line of credit facility, additional borrowing capacity

$ 250,000,000

Debt covenant, maximum consolidated debt to total capitalization percentage

35.00%

Debt covenant, minimum consolidated net worth

70.00%

Debt covenant, consolidated net worth calculation, percentage of net income

50.00%

Borrowings outstanding

$ 225,300,000

Global Atlantic Credit Agreement | Revolving Credit Facility | Minimum

Debt Instrument [Line Items]

Commitment fee percentage

0.125%

Global Atlantic Credit Agreement | Revolving Credit Facility | Minimum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.125%

Global Atlantic Credit Agreement | Revolving Credit Facility | Maximum

Debt Instrument [Line Items]

Commitment fee percentage

0.325%

Global Atlantic Credit Agreement | Revolving Credit Facility | Maximum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.00%

Global Atlantic Credit Agreement | Letter of Credit

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 500,000,000

Repayments of lines of credit

$ 420,000,000

Borrowings outstanding

$ 0

Global Atlantic Senior Notes Due 2029 | Senior Notes

Debt Instrument [Line Items]

Interest rate, stated percentage

4.40%

Aggregate principal amount

$ 500,000,000

Percent of holders that may declare principal due and payable upon event of default

25.00%

Global Atlantic Senior Notes Due 2029 | Senior Notes | Redemption period one

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Global Atlantic Senior Notes Due 2029 | Senior Notes | Redemption period two

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Global Atlantic Senior Notes due 2031 | Senior Notes

Debt Instrument [Line Items]

Interest rate, stated percentage

3.125%

Aggregate principal amount

$ 650,000,000

Global Atlantic Senior Notes due 2031 | Senior Notes | Redemption period one

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Global Atlantic Senior Notes due 2031 | Senior Notes | Redemption period two

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt

Debt Instrument [Line Items]

Interest rate, stated percentage

4.70%

Aggregate principal amount

$ 750,000,000

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt | US Treasury Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

3.796%

Interest payment deferment period

5 years

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt | Redemption period one

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt | Redemption period two

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Redemption upon occurrence of certain events, threshold days

90 days

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt | Redemption period three

Debt Instrument [Line Items]

Redemption price percentage

102.00%

Redemption upon occurrence of certain events, threshold days

90 days

Global Atlantic Subordinated Debentures Due 2051 | Subordinated Debt | Redemption period four

Debt Instrument [Line Items]

Redemption price percentage

100.00%

Redemption upon occurrence of certain events, threshold days

90 days

Corporate Credit Agreement | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

1,000,000,000

Line of credit facility, additional borrowing capacity

$ 500,000,000

Corporate Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Minimum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.565%

Corporate Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Minimum | Base Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.06%

Corporate Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Maximum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.10%

Corporate Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Maximum | Base Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.15%

KCM Short-term Credit Agreement | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 750,000,000

Debt instrument, term

364 days

KCM Short-term Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Minimum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.50%

KCM Short-term Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Minimum | Base Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

KCM Short-term Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Maximum | LIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.75%

KCM Short-term Credit Agreement | Revolving Credit Facilities | Revolving Credit Facility | Maximum | Base Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.75%

DEBT OBLIGATIONS - Debt Covenan

DEBT OBLIGATIONS - Debt Covenants (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
2022	$ 4,390,820
2023	877,771
2024	58,400
2025	239,619
2026	152,767
Thereafter	31,195,095
Borrowing Outstanding, Gross	36,914,472
Global Atlantic
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	1,900,000
Borrowing Outstanding, Gross	1,900,000
Revolving Credit Facilities
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Borrowing Outstanding, Gross	0
Revolving Credit Facilities \| Global Atlantic
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Borrowing Outstanding, Gross	0
Notes Issued
Debt Instrument [Line Items]
2022	0
2023	217,250
2024	0
2025	43,450
2026	0
Thereafter	6,524,084
Borrowing Outstanding, Gross	6,784,784
Notes Issued \| Global Atlantic
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	1,900,000
Borrowing Outstanding, Gross	1,900,000
Other Debt Obligations
Debt Instrument [Line Items]
2022	4,390,820
2023	660,521
2024	58,400
2025	196,169
2026	152,767
Thereafter	24,671,011
Borrowing Outstanding, Gross	30,129,688
Other Debt Obligations \| Global Atlantic
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Borrowing Outstanding, Gross	$ 0

POLICY LIABILITIES - Liabilitie

POLICY LIABILITIES - Liabilities by Product (Details) $ in Thousands	Dec. 31, 2021USD ($)
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	$ 126,520,044
Fixed-rate annuity
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	61,827,855
Liability for Future Policy Benefits, Disability and Accident Benefits	$ 7,600,000
Liability for Future Policy Benefits, Disability and Accident Benefits, Claim Payout Status, Percentage	97.00%
Liability for Future Policy Benefits, Disability and Accident Benefits, Active Life Reserve with Retroceded Morbidity Risk, Percentage	3.00%
Fixed-indexed annuity
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	$ 27,935,000
Indexed universal life
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	12,133,840
Other life insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	11,840,323
Funding agreements
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	6,014,553
Preneed
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	2,897,018
Variable annuity
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	2,469,759
Closed blocks
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	1,351,601
Other
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policy liabilities	$ 50,095

POLICY LIABILITIES - Reserves R

POLICY LIABILITIES - Reserves Reported for Contractholder Deposit Funds (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Guaranteed Minimum Death Benefit
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance, as of beginning of year	$ 110,243
Expense incurred	28,352
Claims paid	(15,011)
Reinsurance premium paid	(13,267)
Claims ceded to reinsurers	9,388
Balance, as of end of year	119,705
Guaranteed Minimum Withdrawal Benefit
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance, as of beginning of year	872,914
Expense incurred	137,932
Balance, as of end of year	$ 1,010,846

POLICY LIABILITIES - Narrative

POLICY LIABILITIES - Narrative (Details) $ in Thousands	Dec. 31, 2021USD ($)
Policyholder Account Balance [Line Items]
Mortality assumption	20 years
Reserves for universal life no-lapse guarantees	$ 4,600,000
Minimum
Policyholder Account Balance [Line Items]
Partial withdrawal rate	3.00%
Non-forfeiture rate	3.00%
Maximum
Policyholder Account Balance [Line Items]
Partial withdrawal rate	8.10%
Non-forfeiture rate	5.50%

POLICY LIABILITIES - Net Amount

POLICY LIABILITIES - Net Amount of Risk by Product and Guarantee (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)numberOfContractholders
Guaranteed Lifetime Withdrawal Benefit
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 11,057,318
Net amount at risk	$ 3,655,914
Number of contractholders (in contractholders) \| numberOfContractholders	80,955
Variable annuity
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 6,833,977
Net amount at risk	$ 391,519
Average attained age of contractholders	71 years
Number of contractholders (in contractholders) \| numberOfContractholders	77,059
Variable annuity \| Net deposits paid
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 4,615,409
Net amount at risk	$ 95,467
Average attained age of contractholders	69 years
Variable annuity \| Ratchet (highest historical account value at specified anniversary dates)
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 11,053
Net amount at risk	$ 1,801
Average attained age of contractholders	84 years
Variable annuity \| Roll-up (net deposits accumulated at a specified rate)
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 512,683
Net amount at risk	$ 15,827
Average attained age of contractholders	72 years
Variable annuity \| Higher of ratchet or roll-up
Net Amount at Risk by Product and Guarantee [Line Items]
Account value	$ 1,694,832
Net amount at risk	$ 278,424
Average attained age of contractholders	77 years

POLICY LIABILITIES - Contractho

POLICY LIABILITIES - Contractholder Deposit Funds with Embedded Derivatives (Details) - Policy Liabilities $ in Thousands	Dec. 31, 2021USD ($)
Embedded Derivative [Line Items]
Account value	$ 28,537,784
Embedded derivative	$ 2,541,225

POLICY LIABILITIES - Closed Blo

POLICY LIABILITIES - Closed Blocks (Details) - Global Atlantic $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Assets
Total investments	$ 2,964
Cash and cash equivalents	2,904
Accrued investment income	35
Reinsurance recoverable	1,293,791
Deferred income taxes	59,902
Total assets	1,359,596
Liabilities
Future policy benefits	1,226,231
Outstanding claims	28,655
Contractholder deposit funds and other liabilities	1,074
Policyholder dividend obligation at fair value	81,280
Policyholder dividends payable at fair value	11,096
Total policy liabilities	1,348,336
Accrued expenses and other liabilities	10,412
Total liabilities	1,358,748
Excess of closed block liabilities over assets designated to the closed blocks and maximum future earnings to be recognized from closed block assets and liabilities	(848)
Revenues
Premiums and other income	660
Net investment expense	(28)
Total revenues	632
Benefits and expenses
Policy benefits	(5,652)
Other expenses	8
Total benefits and expenses	(5,644)
Net contribution from the closed blocks	6,276
Income tax (benefit) expense	(3,026)
Net income (loss)	$ 9,302

INCOME TAXES - Income before In

INCOME TAXES - Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income before Income Taxes:
United States	$ 13,160,722	$ 5,534,251	$ 5,042,319
Foreign	487,727	192,444	125,971
Income (Loss) Before Taxes	$ 13,648,449	$ 5,726,695	$ 5,168,290

INCOME TAXES - Provision (Benef

INCOME TAXES - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Federal	$ 344,052	$ 181,838	$ 56,046
State and Local	40,336	29,033	10,925
Foreign Income Tax	81,370	49,962	38,238
Subtotal	465,758	260,833	105,209
Deferred
Federal	793,540	289,700	428,110
State and Local	97,063	36,460	49,148
Foreign Income Tax	(3,091)	22,104	(53,717)
Subtotal	887,512	348,264	423,541
Total Income Taxes	1,353,270	609,097	528,750
Foreign	$ 487,727	$ 192,444	$ 125,971

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Deferred tax assets, valuation allowance	$ 23.1
Effective income tax rate	9.90%	10.60%	10.30%
Net increase of accrued penalties	$ 2.6	$ 0.5	$ (0.4)
Interest on income tax expenses (reversal of interest)	0.5	3.1	(0.4)
Accrued income tax penalties liability	5.2	2.6	2.2
Accrued interest on income taxes, liability	13.8	$ 13.3	$ 10.2
Capital loss carryforwards	34
Decrease to tax positions within 12 months	33
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	96.6
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	218.3
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 41

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Effective Income Tax Rate to the U.S. Federal Statutory Tax Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory U.S. Federal Income Tax Rate	21.00%	21.00%	21.00%
Income not attributable to KKR & Co. Inc.	(14.00%)	(13.90%)	(13.10%)
Foreign Income Taxes	0.30%	0.80%	(0.30%)
State and Local Income Taxes	0.80%	0.80%	0.90%
Compensation Charges Borne by KKR Holdings	2.80%	2.40%	2.80%
Foreign Income Taxes	0.00%	0.00%	(0.90%)
Change in Valuation Allowance	0.00%	0.40%	0.00%
Other	(1.00%)	(0.90%)	(0.10%)
Effective Income Tax Rate	9.90%	10.60%	10.30%

INCOME TAXES - Components of De

INCOME TAXES - Components of Deferred Tax Assets or Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets
Valuation Allowance	$ (23,100)
Asset Management
Deferred Tax Assets
Fund Management Fee Credits	98,165	$ 82,511
Equity Based Compensation	34,116	31,518
KKR Holdings Unit Exchanges	449,683	233,516
Depreciation and Amortization	212,063	259,801
Operating Lease Liability	40,101	32,213
Net Operating Loss Carryforwards	58,764	54,958
Other	37,833	24,836
Total Deferred Tax Assets before Valuation Allowance	930,725	719,353
Valuation Allowance	(23,082)	(23,082)
Total Deferred Tax Assets	907,643	696,271
Deferred Tax Liabilities
Investment Basis Differences / Net Unrealized Gains & Losses	1,662,353	779,661
Operating Lease Right-of-Use Asset	40,101	32,213
Other	19,855	0
Total Deferred Tax Liabilities	1,722,309	811,874
Total Deferred Taxes, Net	(814,666)
Total Deferred Taxes, Net		(115,603)
Insurance
Deferred Tax Assets
Insurance Reserves	1,993,496	0
Insurance Intangibles	168,054	0
Net Operating Loss Carryforwards	15,857	0
Other	75,000	0
Total Deferred Tax Assets before Valuation Allowance	2,252,407	0
Valuation Allowance	0	0
Total Deferred Tax Assets	2,252,407	0
Deferred Tax Liabilities
Insurance Loss Reserve Adjustment	111,910	0
Insurance Investment Basis Differences, Including Derivatives	1,384,621	0
Total Deferred Tax Liabilities	1,496,531	0
Total Deferred Taxes, Net	$ 755,876
Total Deferred Taxes, Net		$ 0

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits, beginning of period	$ 60,712	$ 53,372	$ 53,598
Gross increases in tax positions in prior periods	0	0	0
Gross decreases in tax positions in prior periods	(2,009)	(125)	(2,443)
Gross increases in tax positions in current period	2,671	7,700	4,107
Lapse of statute of limitations	(1,741)	(235)	(1,890)
Unrecognized Tax Benefits, end of period	$ 59,633	$ 60,712	$ 53,372

EQUITY BASED COMPENSATION - KKR

EQUITY BASED COMPENSATION - KKR Equity Incentive Plans Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Management \| Equity Based Awards
Equity Based Payments
Portion of awards vested having one-year transfer restriction period (as a percent)	50.00%
Portion of awards vested having two-year transfer restriction period (as a percent)	50.00%
Insurance
Equity Based Payments
Equity-based compensation	$ 95,344	$ 0	$ 0
KKR 2019 Equity Incentive Plan
Equity Based Payments
Total awards issuable as a percentage of diluted common stock outstanding	15.00%
Number of shares authorized (in shares)	70,812,698
KKR Equity Incentive Plans \| Service-Vesting Awards
Equity Based Payments
Minimum retained ownership required to continuously hold common share equivalents to as percentage of cumulatively vested interests	15.00%
Forfeiture rate assumed (as a percent)	7.00%
KKR Equity Incentive Plans \| Service-Vesting Awards \| KKR Holdings
Equity Based Payments
Minimum transfer restriction period with respect to one-half awards vested (in years)	1 year
Minimum transfer restriction period with respect to remaining one-half awards vested (in years)	2 years
KKR Equity Incentive Plans \| Minimum \| Service-Vesting Awards
Equity Based Payments
Vesting period (in years)	3 years
KKR Equity Incentive Plans \| Maximum \| Service-Vesting Awards
Equity Based Payments
Vesting period (in years)	5 years
KKR Equity Incentive Plans \| Asset Management
Equity Based Payments
Equity-based compensation	$ 273,000	$ 246,400	$ 207,800
KKR Equity Incentive Plans \| Asset Management \| KKR Holdings
Equity Based Payments
Portion of awards vested having one-year transfer restriction period (as a percent)	50.00%
Portion of awards vested having two-year transfer restriction period (as a percent)	50.00%
KKR Equity Incentive Plans \| Asset Management \| Service-Vesting Awards
Equity Based Payments
Vesting period (in years)	1 year 10 months 24 days
Estimated unrecognized equity-based payment expense	$ 601,500
KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation	$ 11,700

EQUITY BASED COMPENSATION - Awa

EQUITY BASED COMPENSATION - Awards Rollforward (Details)	12 Months Ended
EQUITY BASED COMPENSATION - Awards Rollforward (Details)	Dec. 31, 2021$ / sharesshares
KKR Equity Incentive Plans \| Service-Vesting Awards
Shares
Balance at the beginning of the period (in shares) \| shares	23,866,696
Granted (in shares) \| shares	4,965,504
Vested (in shares) \| shares	(9,097,728)
Forfeitures (in shares) \| shares	(427,431)
Balance at the end of the period (in shares) \| shares	19,307,041
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 28.28
Granted (in dollars per share) \| $ / shares	68.75
Vested (in dollars per share) \| $ / shares	22.88
Forfeitures (in dollars per share) \| $ / shares	29.56
Balance at the end of the period (in dollars per share) \| $ / shares	$ 41.21
KKR Equity Incentive Plans \| Market Condition Awards \| Asset Management
Shares
Balance at the beginning of the period (in shares) \| shares	16,875,000
Granted (in shares) \| shares	4,495,847
Vested (in shares) \| shares	0
Forfeitures (in shares) \| shares	0
Balance at the end of the period (in shares) \| shares	21,370,847
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 21.07
Granted (in dollars per share) \| $ / shares	39.90
Vested (in dollars per share) \| $ / shares	0
Forfeitures (in dollars per share) \| $ / shares	0
Balance at the end of the period (in dollars per share) \| $ / shares	$ 25.03
KKR Holdings Awards \| Equity Based Awards \| Asset Management
Shares
Balance at the beginning of the period (in shares) \| shares	10,240,000
Granted (in shares) \| shares	2,300,000
Vested (in shares) \| shares	(7,940,000)
Forfeitures (in shares) \| shares	0
Balance at the end of the period (in shares) \| shares	4,600,000
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 14.33
Granted (in dollars per share) \| $ / shares	65.51
Vested (in dollars per share) \| $ / shares	24.78
Forfeitures (in dollars per share) \| $ / shares	0
Balance at the end of the period (in dollars per share) \| $ / shares	$ 21.88

EQUITY BASED COMPENSATION - Mar

EQUITY BASED COMPENSATION - Market Condition Awards Narrative (Details) - Market Condition Awards - KKR Equity Incentive Plans $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)consecutiveTradingDay$ / sharesshares
Equity Based Payments
Estimated unrecognized equity-based payment expense \| $	$ 374.8
Remaining requisite service period	4 years 4 months 24 days
Asset Management
Equity Based Payments
Stock price target consecutive trading days threshold \| consecutiveTradingDay	20
Forfeiture rate assumed	7.00%
Number of shares that met vesting conditions (in shares) \| shares	19.5
Asset Management \| Minimum
Equity Based Payments
Stock price target (in dollars per share)	$ 45
Asset Management \| Maximum
Equity Based Payments
Stock price target (in dollars per share)	$ 140

EQUITY BASED COMPENSATION - Ass

EQUITY BASED COMPENSATION - Assumptions Used to Estimate Fair Value (Details) - KKR Equity Incentive Plans - Asset Management	12 Months Ended
	Dec. 31, 2021$ / shares
Market Condition Awards \| Weighted Average
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 25.03
Closing KKR share price as of valuation date (in dollars per share)	$ 42.49
Risk Free Rate	0.51%
Volatility	28.04%
Dividend Yield	1.42%
Expected Cost of Equity	10.61%
Market Condition Awards \| Minimum
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 19.87
Closing KKR share price as of valuation date (in dollars per share)	$ 37.93
Risk Free Rate	0.41%
Volatility	28.00%
Dividend Yield	0.76%
Expected Cost of Equity	9.13%
Market Condition Awards \| Maximum
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 47.47
Closing KKR share price as of valuation date (in dollars per share)	$ 76.31
Risk Free Rate	1.28%
Volatility	30.00%
Dividend Yield	1.53%
Expected Cost of Equity	10.76%
Restricted Holding Units (RHUs)
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 48.91
Closing KKR share price as of valuation date (in dollars per share)	$ 75.76
Risk Free Rate	1.42%
Volatility	28.00%
Dividend Yield	0.77%
Expected Cost of Equity	9.36%

EQUITY BASED COMPENSATION - Co-

EQUITY BASED COMPENSATION - Co-CEO Awards Narrative (Details) - Restricted Holding Units (RHUs) - KKR Equity Incentive Plans - Asset Management $ / shares in Units, shares in Millions, $ in Millions	Dec. 09, 2021consecutiveTradingDay$ / sharesshares	Dec. 31, 2021USD ($)
Equity Based Payments
Granted (in shares) \| shares	7.5
Stock price target consecutive trading days threshold \| consecutiveTradingDay	20
Estimated unrecognized equity-based payment expense \| $		$ 724.9
Tranche one
Equity Based Payments
Vesting percentage	20.00%
Stock price target (in dollars per share)	$ 95.80
Tranche two
Equity Based Payments
Vesting percentage	20.00%
Stock price target (in dollars per share)	$ 105.80
Tranche three
Equity Based Payments
Vesting percentage	20.00%
Stock price target (in dollars per share)	$ 115.80
Tranche four
Equity Based Payments
Vesting percentage	20.00%
Stock price target (in dollars per share)	$ 125.80
Tranche five
Equity Based Payments
Vesting percentage	20.00%
Stock price target (in dollars per share)	$ 135.80

EQUITY BASED COMPENSATION - K_2

EQUITY BASED COMPENSATION - KKR Holdings Awards Narrative (Details) - KKR Holdings Awards - Asset Management $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)	Sep. 30, 2021shares
Equity Based Payments
Equity-based compensation \| $		$ 160,700	$ 80,000	$ 91,100
Equity Based Awards
Equity Based Payments
Common units conversion basis		1
Number of common units owned in KKR Group Partnership Units (in shares)	258,726,163	258,726,163	275,626,493
Minimum transfer restriction period with respect to one-half awards vested (in years)		1 year
Minimum transfer restriction period with respect to remaining one-half awards vested (in years)		2 years
Minimum retained ownership required to continuously hold common share equivalents to as percentage of cumulatively vested interests		25.00%
Percentage of outstanding units not granted (less than)	0.50%	0.50%
Number of common units unallocated in KKR Group Partnership Units (in shares)					3,300,000
Number of common units allocated during period in KKR Group Partnership Units (in shares)	1,150,000
Forfeiture rate assumed (as a percent)		7.00%
Estimated unrecognized equity-based payment expense \| $	$ 59,800	$ 59,800
Tranche one \| Equity Based Awards
Equity Based Payments
Vesting percentage		70.00%
Tranche two \| Equity Based Awards
Equity Based Payments
Vesting percentage		30.00%
Minimum \| Equity Based Awards
Equity Based Payments
Vesting period (in years)		3 years
Award transfer restrictions period		1 year
Maximum \| Equity Based Awards
Equity Based Payments
Vesting period (in years)		5 years
Award transfer restrictions period		2 years
KKR Group Partnerships [Member] \| KKR Holdings
Equity Based Payments
Percentage owned by KKR Holdings L.P.		30.20%	32.50%

EQUITY BASED COMPENSATION - Equ

EQUITY BASED COMPENSATION - Equity Based Compensation - Insurance Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Based Payments
Equity-based compensation costs capitalized		$ 0
Insurance
Equity Based Payments
Equity-based compensation		95,344,000	$ 0	$ 0
Market Condition Awards
Equity Based Payments
Equity-based compensation	$ 10,500,000
GA Plan
Equity Based Payments
Income tax benefit from share-based compensation		11,000,000
Equity-based compensation		$ 63,900,000

EQUITY BASED COMPENSATION - Cla

EQUITY BASED COMPENSATION - Classified Awards Narrative (Details)	Mar. 01, 2021USD ($)	Feb. 28, 2021USD ($)	Feb. 01, 2021USD ($)installmentpayment$ / sharesshares	Sep. 30, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Insurance
Equity Based Payments
Equity-based compensation					$ 95,344,000	$ 0	$ 0
GA Plan
Equity Based Payments
Equity-based compensation					63,900,000
KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation					$ 11,700,000
Book-Value Awards \| GA Plan
Equity Based Payments
Remaining requisite service period					2 years 8 months 1 day
Book-Value Awards \| GA Plan \| Insurance
Equity Based Payments
Number of payments authorized to be received upon vesting \| payment			1
Book value used in payment calculation, number of shares (in shares) \| shares			1
Number of vesting installments \| installment			3
Pre-acquisition awards converted to book-value awards on February 1, 2021			$ 89,000,000		$ 89,000,000
Value of awards vested		$ 28,000,000
Cash payment to settle awards		$ 17,000,000
Granted	$ 32,000,000		$ 23,000,000
Vesting period (in years)	3 years		5 years
Forfeiture rate assumed (as a percent)	4.00%		4.00%
Estimated unrecognized equity-based payment expense					99,600,000
Book-Value Awards \| GA Plan \| Insurance \| Tranche one
Equity Based Payments
Vesting percentage			25.00%
Book-Value Awards \| GA Plan \| Insurance \| Tranche two
Equity Based Payments
Vesting percentage			25.00%
Restricted Stock \| GA Plan \| Insurance
Equity Based Payments
Shares converted (in shares) \| shares			3,020,017
Fair value of shares converted (in dollars per share) \| $ / shares			$ 29.47
Equity Based Awards \| GA Plan \| Insurance
Equity Based Payments
Equity-based compensation					52,200,000
Market Condition Awards
Equity Based Payments
Equity-based compensation				$ 10,500,000
Market Condition Awards \| KKR Equity Incentive Plans
Equity Based Payments
Estimated unrecognized equity-based payment expense					$ 374,800,000
Remaining requisite service period					4 years 4 months 24 days
Restricted Stock Units (RSUs) \| KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation					$ 11,700,000

EQUITY BASED COMPENSATION - Boo

EQUITY BASED COMPENSATION - Book Value Awards Activity (Details) - Book-Value Awards - GA Plan - Insurance - USD ($) $ in Thousands	Feb. 01, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding amount as of beginning of period		$ 0
Pre-acquisition awards converted to book-value awards on February 1, 2021	$ 89,000	89,000
Granted		88,195
Forfeited		(7,677)
Impact of change in book value on outstanding awards		6,597
Vested and issued		(31,115)
Outstanding amount as of end of period		$ 145,000

EQUITY BASED COMPENSATION - GA

EQUITY BASED COMPENSATION - GA Equity Incentive Plan Awards Narrative (Details) - USD ($)	Jun. 24, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Based Payments
Equity-based compensation costs capitalized		$ 0
Insurance
Equity Based Payments
Equity-based compensation		$ 95,344,000	$ 0	$ 0
Service-Vesting Awards \| GA Equity Incentive Plan
Equity Based Payments
Incentive shares issued (in shares)	1,000
Incentive shares granted (in shares)	808
Vesting percentage	20.00%
Vesting period (in years)	5 years	4 years 1 month 2 days
Aggregate value at grant date	$ 197,000,000
Intrinsic value of book value at grant date	5,000,000
Fair value of market value and AUM at grant date	$ 192,000,000
Forfeiture rate assumed (as a percent)	0.00%	0.00%
Equity-based compensation		$ 43,300,000
Estimated unrecognized equity-based payment expense		$ 104,100,000
Service-Vesting Awards \| GA Equity Incentive Plan \| Share-based Payment Arrangement, Employee
Equity Based Payments
Incentive shares granted (in shares)		841
Incentive shares forfeited (in shares)		10
Incentive units outstanding (in shares)		831

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Due from Affiliates	$ 1,224,283	$ 872,994
Due to Affiliates	462,722	325,177
Amounts due from portfolio companies
Related Party Transaction [Line Items]
Due from Affiliates	114,479	164,113
Amounts due from unconsolidated investment funds
Related Party Transaction [Line Items]
Due from Affiliates	1,109,769	707,758
Due to Affiliates	63,559	121,163
Amounts due from related entities
Related Party Transaction [Line Items]
Due from Affiliates	35	1,123
Amounts due to KKR Holdings - tax receivable agreement
Related Party Transaction [Line Items]
Due to Affiliates	$ 399,163	$ 204,014

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Amount required to be paid to transferees as percentage of cash savings in US federal, state and local income tax	85.00%
Expected benefit as percentage of cash savings in income tax	15.00%
Number of days within which payments required to be made under tax receivable agreement after filing of the tax return	90 days
Cash payments made under tax receivable agreement		$ 7.2	$ 7.2	$ 11.8
Cumulative income tax savings realized		8.9
Discretionary investments		685.8	645.6	433
Expenses from aircraft and other services		1.7	1.7	3.8
Payments made to related party		$ 8.6	$ 8.4	$ 8.1

SEGMENT REPORTING - Information

SEGMENT REPORTING - Information Regarding Segment Results (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	2	1
Number of operating segments \| segment	2	1
Net (Income) Attributable to Noncontrolling Interest	$ (7,624,643)	$ (3,115,089)	$ (2,634,491)
Total Segment Operating Earnings	4,896,211	2,286,984	2,042,525
Total Non-cash expenses	356,674	246,395	207,789
Asset Management And Insurance Segments
Segment Reporting Information [Line Items]
Total Assets	264,285,440	79,806,502
Asset Management And Insurance Segments \| Operating Segments
Segment Reporting Information [Line Items]
Total Assets	198,859,441	$ 27,821,019
Asset Management And Insurance Segments \| Management Fees \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	158,700
Asset Management And Insurance Segments \| Interest Income (Expense) \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	$ 31,000
Asset Management
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	1	1
Number of operating segments \| segment	1	1
Revenue from contract with customer (expense reimbursements)	$ 2,850,154	$ 2,006,791	1,790,475
Compensation	(4,428,743)	(2,152,490)	(2,116,890)
General, Administrative and Other	(959,077)	(708,542)	(728,813)
Total Assets	99,720,076	79,806,502
Total Non-cash expenses	261,330	246,395	207,789
Asset Management \| Operating Segments
Segment Reporting Information [Line Items]
Other Operating Expenses	(449,155)	(346,558)	(353,565)
Fee Related Earnings	1,969,991	1,280,527	1,080,262
Total Segment Operating Earnings	4,243,660	2,286,984	2,042,525
Total Assets	32,306,254	27,821,019
Asset Management \| Management Fees \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	2,071,440	1,441,578	1,248,517
Asset Management \| Transaction and Monitoring Fees, Net \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	1,004,241	632,433	564,259
Asset Management \| Fee Related \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	45,852	39,555	53,024
Compensation	(702,387)	(486,481)	(431,973)
Asset Management \| Performance \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	2,141,596	1,165,699	1,083,020
Compensation	(1,239,177)	(697,071)	(698,145)
Asset Management \| Investment
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	1,613,244	644,659	685,773
Asset Management \| Investment \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	1,613,244	644,659	685,773
Compensation	(241,994)	(106,830)	(108,385)
Insurance
Segment Reporting Information [Line Items]
Net Cost of Insurance	(358,878)	0	0
General, Administrative and Other	(555,321)	0	0
Income Taxes	199,095	0	0
Total Assets	164,565,364	0
Total Non-cash expenses	95,344	0	0
Insurance \| Operating Segments
Segment Reporting Information [Line Items]
Net Cost of Insurance	(1,566,681)	0	0
General, Administrative and Other	(500,410)	0	0
Pre-tax Insurance Operating Earnings	1,262,479	0	0
Income Taxes	199,095	0	0
Net (Income) Attributable to Noncontrolling Interest	(410,833)	0	0
Total Segment Operating Earnings	652,551	0	0
Total Assets	166,553,187	0
Insurance \| Investment \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	$ 3,329,570	$ 0	$ 0

SEGMENT REPORTING - Reconciliat

SEGMENT REPORTING - Reconciliation to Total Segment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 16,236,148	$ 4,230,891	$ 4,220,900
Impact of Consolidation and Other	808,174	461,244	256,972
Net Premiums	(2,226,078)
Asset Management And Insurance Segments
Segment Reporting Information [Line Items]
Revenues	10,205,943	3,923,924	3,634,593
Asset Management
Segment Reporting Information [Line Items]
Revenues	9,692,568	4,230,891	4,220,900
Capital Allocation-Based Income	(6,842,414)	(2,224,100)	(2,430,425)
Realized Carried Interest	1,752,130	1,042,204	1,070,788
Revenue from contract with customer (expense reimbursements)	2,850,154	2,006,791	1,790,475
Capstone Fees	(91,407)	(81,452)	0
Asset Management \| Investment
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	1,613,244	644,659	685,773
Asset Management \| Expense Reimbursements
Segment Reporting Information [Line Items]
Revenue from contract with customer (expense reimbursements)	178,572	149,522	169,415
Insurance
Segment Reporting Information [Line Items]
Revenues	6,543,580	0	0
Net Premiums	(2,226,078)	0	0
Policy Fees	(1,147,913)	0	0
Other Income	(120,213)	0	0
Investment Gains and Losses	544,357	0	0
Derivative Gains and Losses	$ (141,513)	$ 0	$ 0

SEGMENT REPORTING - Total Distr

SEGMENT REPORTING - Total Distributable Operating Earnings Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Income (Loss) Before Tax (GAAP)	$ 13,648,449	$ 5,726,695	$ 5,168,290
Interest Expense	1,070,368	969,871	1,043,551
Equity-Based and Other Non-Cash Compensation	529,816	326,758	297,708
Total Segment Operating Earnings	4,896,211	2,286,984	2,042,525
Segment Reconciling Items
Segment Reporting Information [Line Items]
Impact of Consolidation and Other	(5,165,795)	(1,696,897)	(1,010,652)
Interest Expense	250,183	211,037	183,682
Equity-based compensation	161,283	80,739	91,296
Asset Management
Segment Reporting Information [Line Items]
Unrealized Carried Interest	(4,043,135)	(1,070,803)	(1,263,046)
Net Unrealized (Gains) Losses	(2,590,280)	(1,697,740)	(1,854,867)
Unrealized Carried Interest Compensation (Carry Pool)	1,751,912	467,485	520,033
Strategic Corporate Transaction-Related Charges	25,153	20,073	0
Asset Management \| Non-Performance Based Awards
Segment Reporting Information [Line Items]
Equity-based compensation	183,100	236,199	201,095
Asset Management \| Performance Based Awards
Segment Reporting Information [Line Items]
Equity-based compensation	78,230	10,196	6,694
Insurance
Segment Reporting Information [Line Items]
Equity-based compensation	95,344	0	0
Strategic Corporate Transaction-Related Charges	25,711	0	0
Net (Gains) Losses from Investments and Derivatives	658,975	0	0
Amortization of Acquired Intangibles	16,176	0	0
Income Taxes	$ (199,095)	$ 0	$ 0

SEGMENT REPORTING - Total Segme

SEGMENT REPORTING - Total Segment Assets (Details) - Asset Management And Insurance Segments - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Fair value of consolidated assets	$ 264,285,440	$ 79,806,502
Impact of Consolidation and Reclassifications	(61,775,687)	(50,068,814)
Carry Pool Reclassifications	(3,650,312)	(1,916,669)
Operating Segments
Segment Reporting Information [Line Items]
Fair value of consolidated assets	$ 198,859,441	$ 27,821,019

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - USD ($)

Sep. 15, 2021

Jun. 15, 2021

Feb. 01, 2021

Aug. 14, 2020

Dec. 31, 2021

Dec. 31, 2015

Feb. 04, 2022

Dec. 27, 2021

Dec. 26, 2021

Sep. 14, 2021

Jun. 14, 2021

Dec. 31, 2020

Class of Stock [Line Items]

Convertible preferred stock, shares issued upon conversion of one unit of stock (in shares)

Share repurchase program, authorized amount

$ 500,000,000

Remaining amount available for repurchase

$ 37,000,000

Percentage of carried interest received by general partners (up to)

1.00%

Subsequent Event

Class of Stock [Line Items]

Remaining amount available for repurchase

$ 261,000,000

Series I Preferred Stock

Class of Stock [Line Items]

Preferred stock redemption price (in dollars per share)

$ 0.01

Preferred stock, shares authorized (in shares)

Series II Preferred Stock

Class of Stock [Line Items]

Preferred stock redemption price (in dollars per share)

$ 0.00

Preferred stock, shares authorized (in shares)

499,999,999

Series A Preferred Stock

Class of Stock [Line Items]

Preferred stock redemption price (in dollars per share)

$ 25

Preferred stock, shares authorized (in shares)

13,800,000

Preferred stock redemption amount

$ 350,800,000

Preferred stock redemption premium

$ 12,000,000

Series B Preferred Stock

Class of Stock [Line Items]

Preferred stock redemption price (in dollars per share)

$ 25

Preferred stock, shares authorized (in shares)

6,200,000

Preferred stock redemption amount

$ 157,500,000

Preferred stock redemption premium

$ 5,400,000

Series C Mandatory Convertible Preferred Stock

Class of Stock [Line Items]

Preferred stock redemption price (in dollars per share)

$ 50

Stock issued (in shares)

23,000,000

Aggregate liquidation preference

$ 1,150,000,000

Preferred stock dividend rate (as a percentage)

6.00%

Consecutive trading days

20 days

Trading days prior to period end

21 days

Minimum | Common Units

Class of Stock [Line Items]

Convertible preferred stock, shares issued upon conversion of one unit of stock (in shares)

1.1662

Maximum | Common Units

Class of Stock [Line Items]

Convertible preferred stock, shares issued upon conversion of one unit of stock (in shares)

1.4285

EQUITY - Repurchase Program (De

EQUITY - Repurchase Program (Details) - Common Stock - Share Repurchase Program - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Stock repurchased (in shares)	4,462,533	10,209,673	2,859,452
Stock retired (in shares)	3,350,874	2,850,094	3,670,019

EQUITY - Noncontrolling Interes

EQUITY - Noncontrolling Interests Held by KKR Holdings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncontrolling Interests Held by KKR Holdings
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income (loss) attributable to noncontrolling interests	$ 2,714,640	$ 1,207,934	$ 1,369,671
Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at the beginning of the period	27,083,098	19,694,884	15,610,358
Net income (loss) attributable to noncontrolling interests	7,624,643	3,115,089	2,634,491
Other comprehensive income (loss), net of tax	(243,401)	8,099	(2,340)
Exchange of KKR Holdings Units to Common Stock	(522,474)	(291,525)	(161,825)
Equity-based and other non-cash compensation	266,121	133,384	91,297
Capital contributions	14,693,589	9,860,707	4,669,756
Capital distributions	(7,484,620)	(5,160,539)	(3,169,976)
Transfers of interest under common control		(14,385)
Transfer of Oil and Gas Interests		(23,358)
Impact of Acquisition	190,405
Changes in consolidation	(1,132,796)	(239,258)	23,123
Balance at the end of the period	40,474,565	27,083,098	19,694,884
Noncontrolling Interests \| Noncontrolling Interests in Consolidated Entities and Other
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at the beginning of the period	20,570,716	13,966,250	10,984,910
Net income (loss) attributable to noncontrolling interests	4,910,003	1,907,155	1,264,820
Other comprehensive income (loss), net of tax	(151,806)	(4,092)	(1,803)
Exchange of KKR Holdings Units to Common Stock	0	0	0
Equity-based and other non-cash compensation	104,838	52,645	0
Capital contributions	14,693,564	9,860,609	4,668,114
Capital distributions	(7,141,225)	(4,950,763)	(2,972,914)
Transfers of interest under common control		(21,830)
Transfer of Oil and Gas Interests		0
Impact of Acquisition	190,405
Changes in consolidation	(1,132,796)	(239,258)	23,123
Balance at the end of the period	32,043,699	20,570,716	13,966,250
Noncontrolling Interests \| Noncontrolling Interests Held by KKR Holdings
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at the beginning of the period	6,512,382	5,728,634	4,625,448
Net income (loss) attributable to noncontrolling interests	2,714,640	1,207,934	1,369,671
Other comprehensive income (loss), net of tax	(91,595)	12,191	(537)
Exchange of KKR Holdings Units to Common Stock	(522,474)	(291,525)	(161,825)
Equity-based and other non-cash compensation	161,283	80,739	91,297
Capital contributions	25	98	1,642
Capital distributions	(343,395)	(209,776)	(197,062)
Transfers of interest under common control		7,445
Transfer of Oil and Gas Interests		(23,358)
Impact of Acquisition	0
Changes in consolidation	0	0	0
Balance at the end of the period	$ 8,430,866	$ 6,512,382	$ 5,728,634

EQUITY - Net Income (Loss) Attr

EQUITY - Net Income (Loss) Attributable To Noncontrolling Interests Held by KKR Holdings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income (loss)	$ 12,295,179	$ 5,117,598	$ 4,639,540
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	4,060	0	0
Less Net income (loss) attributable to Noncontrolling Interests in consolidated entities and other	4,910,003	1,907,155	1,264,820
Plus Income tax expense (benefit) attributable to KKR & Co. Inc.	1,227,492	545,546	539,466
Net income (loss) attributable to KKR & Co. Inc. Common Stockholders and KKR Holdings	8,502,961	3,699,434	3,880,822
Series A And Series B Preferred Stock
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Less Preferred Stock Dividends	36,647	33,364	33,364
Series C Mandatory Convertible Preferred Stock
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Less Preferred Stock Dividends	69,000	23,191	0
KKR Holdings
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income (loss) attributable to Noncontrolling Interests held by KKR Holdings	$ 2,714,640	$ 1,207,934	$ 1,369,671

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTERESTS (Details) $ in Thousands	Dec. 31, 2021USD ($)
Redeemable Noncontrolling Interest [Line Items]
Redeemable non-controlling interests	$ 82,491
Global Atlantic
Redeemable Noncontrolling Interest [Line Items]
Redeemable non-controlling interests	82,500
Estimated redemption value	$ 5,300

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2013	Aug. 04, 2021	May 30, 2018	Apr. 30, 2018
Revolving Credit Facility \| Global Atlantic Credit Agreement
Other Commitments [Line Items]
Borrowings outstanding	$ 225,300,000
Total capacity of financing arrangements			$ 1,000,000,000	$ 1,000,000,000	$ 650,000,000
KKR
Other Commitments [Line Items]
Private equity fund carried interest amount subject to clawback provision assuming liquidation at fair value	76,000,000
Global Atlantic \| Unaffiliated Third Parties
Other Commitments [Line Items]
Total fees expensed	16,400,000
Total capacity of financing arrangements	2,000,000,000
Global Atlantic \| Payment Guarantee
Other Commitments [Line Items]
Guarantor period		25 years
Payment obligation	74,000,000	$ 214,000,000
Global Atlantic \| Financial Standby Letter of Credit
Other Commitments [Line Items]
Contingent guarantee	39,700,000
Private and Public Markets Investment Funds \| KKR
Other Commitments [Line Items]
Unfunded commitments	11,900,000,000
Certain Investment Vehicles \| KKR
Other Commitments [Line Items]
Unfunded commitments	116,000,000
Capital Markets \| KKR
Other Commitments [Line Items]
Unfunded commitments	1,200,000,000
Purchase or Funding of Investments \| Global Atlantic
Other Commitments [Line Items]
Unfunded commitments	2,000,000,000
Commitment to Extend Credit \| Global Atlantic
Other Commitments [Line Items]
Liability for current expected credit losses	21,700,000
Clawback Obligation Attributable to Certain and Former KKR Employees \| KKR
Other Commitments [Line Items]
Private equity fund carried interest amount subject to clawback provision assuming liquidation at fair value	30,000,000
Liquidation value for clawback obligation	0
Clawback obligation amount if private equity vehicles liquidated at fair value	2,500,000,000
Amount entitled to seek for reimbursement	$ 1,000,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Purchase Obligations (Details) $ in Thousands	Dec. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 38,150
2023	29,864
2024	24,598
2025	14,141
2026	12,893
Thereafter	85,638
Total	$ 205,284

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Non-cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 31,624
2023	33,073
2024	27,942
2025	25,351
2026	20,517
Thereafter	107,131
Total lease payments required	245,638
Less: Imputed Interest	14,643
Total operating lease liabilities	$ 230,995
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Expenses and Other Liabilities
Global Atlantic
Lessee, Lease, Description [Line Items]
2022	$ 14,146
2023	14,039
2024	14,127
2025	14,003
2026	14,174
Thereafter	271,048
Total lease payments required	341,537
Less: Imputed Interest	160,963
Total operating lease liabilities	$ 180,574

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands	Dec. 31, 2021USD ($)
Commonwealth Annunity and Life Insurance Company
Dividends Payable [Line Items]
Ordinary dividend capacity	$ 336,393
Statutory accounting shareholders' equity	3,800,000
Global Atlantic Re Limited and Global Atlantic Assurance Limited
Dividends Payable [Line Items]
Statutory accounting shareholders' equity	3,100,000
Global Atlantic Re Limited
Dividends Payable [Line Items]
Ordinary dividend capacity	662,937
Global Atlantic Assurance Limited
Dividends Payable [Line Items]
Ordinary dividend capacity	$ 283,798

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	Feb. 08, 2022	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Events
Dividend declared (in dollars per share)			$ 0.58
Series C Mandatory Convertible Preferred Stock
Subsequent Events
Preferred stock, dividends declared (in dollars per share)			$ 3	$ 1.008300
Subsequent Event
Subsequent Events
Dividend declared (in dollars per share)	$ 0.145	$ 0.62
Subsequent Event \| Series C Mandatory Convertible Preferred Stock
Subsequent Events
Preferred stock, dividends declared (in dollars per share)	$ 0.75

SCHEDULE II - VALUATION AND Q_2

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Valuation Allowance for Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 23,082	$ 0	$ 0
Tax Valuation Allowance Charged to Income Tax Provision	0	23,082	0
Charged to costs and expenses	0	23,082	0
Tax Valuation Allowance Credited to Income Tax Provision	0	0	0
Deductions	0	0	0
Balance at End of Period	23,082	23,082	$ 0
Credit loss allowance on available-for-sale securities
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	120,895
Tax Valuation Allowance Charged to Income Tax Provision	(25,316)
Charged to costs and expenses	(25,316)
Assumed	10,854
Tax Valuation Allowance Credited to Income Tax Provision	(18,300)
Deductions	(18,300)
Balance at End of Period	88,133	120,895
Credit loss allowance on loans
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	120,259
Tax Valuation Allowance Charged to Income Tax Provision	252,979
Charged to costs and expenses	252,979
Assumed	1,636
Tax Valuation Allowance Credited to Income Tax Provision	(797)
Deductions	(797)
Balance at End of Period	374,077	120,259
Credit loss allowance on unfunded commitments
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	0
Tax Valuation Allowance Charged to Income Tax Provision	21,675
Charged to costs and expenses	21,675
Assumed	0
Tax Valuation Allowance Credited to Income Tax Provision	0
Deductions	0
Balance at End of Period	21,675	0
Credit loss allowance on reinsurance recoverables
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	0
Tax Valuation Allowance Charged to Income Tax Provision	8,386
Charged to costs and expenses	8,386
Assumed	0
Tax Valuation Allowance Credited to Income Tax Provision	0
Deductions	0
Balance at End of Period	$ 8,386	$ 0

SCHEDULE IV - REINSURANCE (Deta

SCHEDULE IV - REINSURANCE (Details) $ in Thousands	12 Months Ended
SCHEDULE IV - REINSURANCE (Details) $ in Thousands	Dec. 31, 2021USD ($)
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Gross Amount	$ 98,911,475
Ceded to Other Companies	(53,299,613)
Assumed from Other Companies	16,762,152
Net Amount	$ 62,374,014
Percentage of Amount Assumed to Net	27.00%
Gross Amount	$ 107,733
Ceded to Other Companies	(2,455,580)
Assumed from Other Companies	4,573,925
Net Premiums	$ 2,226,078
Percentage of Amount Assumed to Net	205.00%
Gross Amount	$ 860,170
Ceded to Other Companies	(1,127)
Assumed from Other Companies	288,870
Net Amount	$ 1,147,913
Percentage of Amount Assumed to Net	25.00%