KKR & Co. (KKR) 10-Q10 May 232023 Q1 Quarterly reportFinancial data

Company Profile

COVER PAGE

COVER PAGE - shares	3 Months Ended
COVER PAGE - shares	Mar. 31, 2023	May 09, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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	88-1203639
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		863,073,995
Entity Central Index Key	0001404912
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	KKR
Security Exchange Name	NYSE
6.00% 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
4.625% Subordinated Notes due 2061 of KKR Group Finance Co. IX LLC
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

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Other Assets	$ 10,969,297	$ 11,238,955
Separate Account Assets	4,164,803	4,130,794
Liabilities and Equity
Accrued Expenses and Other Liabilities	11,257,846	11,072,150
Separate Account Liabilities	4,164,803	4,130,794
Stockholders' Equity
Total Equity	56,979,250
Asset Management and Insurance Segments
Assets
Total Assets	282,610,589	275,346,636
Liabilities and Equity
Total Liabilities	225,487,213	219,975,946
Commitments and Contingencies
Redeemable Noncontrolling Interests (See Note 24)	144,126	152,065
Stockholders' Equity
Common Stock, $0.01 par value. 3,500,000,000 shares authorized, 861,104,000 and 861,110,478 shares, issued and outstanding as of March 31, 2023 and December 31, 2022, respectively.	8,611	8,611
Additional Paid-In Capital	16,339,472	16,284,057
Retained Earnings	6,890,381	6,701,107
Accumulated Other Comprehensive Income (Loss) ("AOCI")	(4,691,575)	(5,301,800)
Total KKR & Co. Inc. Stockholders' Equity	19,662,681	18,807,767
Noncontrolling Interests (See Note 23)	37,316,569	36,410,858
Total Equity	56,979,250	55,218,625
Total Liabilities and Equity	282,610,589	275,346,636
Asset Management and Insurance Segments \| Series C Mandatory Convertible Preferred Stock Dividends
Stockholders' Equity
Preferred Stock	1,115,792	1,115,792
Asset Management and Insurance Segments \| Series I Preferred Stock
Stockholders' Equity
Preferred Stock	0	0
Asset Management
Assets
Cash and Cash Equivalents	5,576,121	6,705,325
Restricted Cash and Cash Equivalents	161,619	253,431
Investments	97,949,918	92,375,463
Due from Affiliates	1,847,869	1,663,303
Other Assets	5,048,330	5,197,626
Total Assets	110,583,857	106,195,148
Liabilities and Equity
Debt Obligations	42,519,776	40,598,613
Due to Affiliates	435,270	466,057
Accrued Expenses and Other Liabilities	7,792,747	6,471,775
Total Liabilities	50,747,793	47,536,445
Insurance
Assets
Cash and Cash Equivalents	3,713,382	6,118,231
Restricted Cash and Cash Equivalents	277,398	308,383
Investments	129,401,394	124,199,176
Reinsurance Recoverable	26,157,178	26,022,081
Insurance Intangible Assets	2,391,610	2,331,494
Other Assets	5,920,967	6,041,329
Separate Account Assets	4,164,803	4,130,794
Total Assets	172,026,732	169,151,488
Liabilities and Equity
Policy Liabilities (market risk benefit liabilities: $764,407 and $682,038, respectively)	141,129,974	137,780,929
Debt Obligations	2,157,283	2,128,166
Accrued Expenses and Other Liabilities	3,465,099	4,600,375
Funds Withheld Payable at Interest	22,995,695	22,739,417
Separate Account Liabilities	4,164,803	4,130,794
Reinsurance Liabilities	826,566	1,059,820
Total Liabilities	$ 174,739,420	$ 172,439,501

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Liabilities and Equity
Market risk benefit liability	$ 764,407	$ 682,038
Stockholders' Equity
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)	861,104,000	861,110,478
Common stock, shares outstanding (in shares)	861,104,000	861,110,478
Series C Mandatory Convertible Preferred Stock Dividends
Stockholders' Equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	22,999,974	22,999,974
Preferred stock, shares outstanding (in shares)	22,999,974	22,999,974
Series I Preferred Stock
Stockholders' Equity
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

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - VIE - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Other Assets	$ 10,969,297	$ 11,238,955
Liabilities
Accrued Expenses and Other Liabilities	11,257,846	11,072,150
Consolidated VIEs \| Consolidated CLOs
Assets
Total Assets	25,300,000
Asset Management and Insurance Segments
Assets
Total Assets	282,610,589	275,346,636
Liabilities
Total Liabilities	225,487,213	219,975,946
Asset Management and Insurance Segments \| Consolidated VIEs
Assets
Total Assets	112,338,281	108,619,486
Liabilities
Total Liabilities	34,682,754	31,404,263
Asset Management and Insurance Segments \| Consolidated VIEs \| Consolidated CLOs
Assets
Total Assets	25,334,169	23,595,674
Liabilities
Total Liabilities	24,546,607	22,893,442
Asset Management and Insurance Segments \| Consolidated VIEs \| Consolidated Funds and Other Investment Vehicles
Assets
Total Assets	60,891,959	58,251,573
Liabilities
Total Liabilities	9,726,258	8,049,009
Asset Management and Insurance Segments \| Consolidated VIEs \| Other VIEs
Assets
Total Assets	26,112,153	26,772,239
Liabilities
Total Liabilities	409,889	461,812
Asset Management
Assets
Cash and Cash Equivalents	5,576,121	6,705,325
Restricted Cash and Cash Equivalents	161,619	253,431
Investments	97,949,918	92,375,463
Other Assets	5,048,330	5,197,626
Total Assets	110,583,857	106,195,148
Liabilities
Debt Obligations	42,519,776	40,598,613
Accrued Expenses and Other Liabilities	7,792,747	6,471,775
Total Liabilities	50,747,793	47,536,445
Asset Management \| Consolidated VIEs
Assets
Cash and Cash Equivalents	3,219,645	3,857,758
Restricted Cash and Cash Equivalents	63,709	155,521
Investments	82,207,919	76,999,450
Other Assets	734,855	834,518
Total Assets	86,226,128	81,847,247
Liabilities
Debt Obligations	31,759,110	29,579,867
Accrued Expenses and Other Liabilities	2,513,755	1,362,584
Total Liabilities	34,272,865	30,942,451
Asset Management \| Consolidated VIEs \| Consolidated CLOs
Assets
Cash and Cash Equivalents	1,101,591	920,821
Restricted Cash and Cash Equivalents	0	0
Investments	24,013,221	22,492,366
Other Assets	219,357	182,487
Total Assets	25,334,169	23,595,674
Liabilities
Debt Obligations	23,804,584	22,273,242
Accrued Expenses and Other Liabilities	742,023	620,200
Total Liabilities	24,546,607	22,893,442
Asset Management \| Consolidated VIEs \| Consolidated Funds and Other Investment Vehicles
Assets
Cash and Cash Equivalents	2,118,054	2,936,937
Restricted Cash and Cash Equivalents	63,709	155,521
Investments	58,194,698	54,507,084
Other Assets	515,498	652,031
Total Assets	60,891,959	58,251,573
Liabilities
Debt Obligations	7,954,526	7,306,625
Accrued Expenses and Other Liabilities	1,771,732	742,384
Total Liabilities	9,726,258	8,049,009
Asset Management \| Consolidated VIEs \| Other VIEs
Assets
Cash and Cash Equivalents	0	0
Restricted Cash and Cash Equivalents	0	0
Investments	0	0
Other Assets	0	0
Total Assets	0	0
Liabilities
Debt Obligations	0	0
Accrued Expenses and Other Liabilities	0	0
Total Liabilities	0	0
Insurance
Assets
Cash and Cash Equivalents	3,713,382	6,118,231
Restricted Cash and Cash Equivalents	277,398	308,383
Investments	129,401,394	124,199,176
Other Assets	5,920,967	6,041,329
Accrued Investment Income	1,051,997	1,130,103
Total Assets	172,026,732	169,151,488
Liabilities
Debt Obligations	2,157,283	2,128,166
Accrued Expenses and Other Liabilities	3,465,099	4,600,375
Total Liabilities	174,739,420	172,439,501
Insurance \| Consolidated VIEs
Assets
Cash and Cash Equivalents	788,637	619,264
Investments	23,943,603	24,732,042
Accrued Investment Income	181,741	290,237
Other Assets	1,198,172	1,130,696
Total Assets	26,112,153	26,772,239
Liabilities
Accrued Expenses and Other Liabilities	409,889	461,812
Insurance \| Consolidated VIEs \| Consolidated CLOs
Assets
Cash and Cash Equivalents	0	0
Investments	0	0
Accrued Investment Income	0	0
Other Assets	0	0
Total Assets	0	0
Liabilities
Accrued Expenses and Other Liabilities	0	0
Insurance \| Consolidated VIEs \| Consolidated Funds and Other Investment Vehicles
Assets
Cash and Cash Equivalents	0	0
Investments	0	0
Accrued Investment Income	0	0
Other Assets	0	0
Total Assets	0	0
Liabilities
Accrued Expenses and Other Liabilities	0	0
Insurance \| Consolidated VIEs \| Other VIEs
Assets
Cash and Cash Equivalents	788,637	619,264
Investments	23,943,603	24,732,042
Accrued Investment Income	181,741	290,237
Other Assets	1,198,172	1,130,696
Total Assets	26,112,153	26,772,239
Liabilities
Accrued Expenses and Other Liabilities	$ 409,889	$ 461,812

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues [Abstract]
Net Premiums	$ 473,624	$ 372,144
Net Investment Income	1,300,697	812,605
Total Revenues	3,127,482	999,363
Expenses
Total Expenses	2,860,083	1,357,732
Investment Income (Loss) - Asset Management
Net Gains (Losses) from Investment Activities	(159,409)	914,261
Dividend Income	148,167	662,350
Interest Income	728,616	352,556
Interest Expense	(576,338)	(281,759)
Total Investment Income (Loss)	141,036	1,647,408
Income (Loss) Before Taxes	408,435	1,289,039
Income Tax Expense (Benefit)	148,747	36,651
Net Income (Loss)	259,688	1,252,388
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	(7,303)	(63)
Net Income (Loss) Attributable to Noncontrolling Interests	(73,003)	1,244,987
Net Income (Loss) Attributable to KKR & Co. Inc.	339,994	7,464
Series C Mandatory Convertible Preferred Stock Dividends	17,250	17,250
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	$ 322,744	$ (9,786)
Common Stock
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock
Basic (in dollars per share)	$ 0.37	$ (0.02)
Diluted (in dollars per share)	$ 0.36	$ (0.02)
Weighted Average Shares of Common Stock Outstanding
Basic (in shares)	861,108,510	592,202,835
Diluted (in shares)	887,169,336	592,202,835
Asset Management
Revenues [Abstract]
Fees and Other	$ 677,016	$ 780,511
Capital Allocation-Based Income (Loss)	449,018	(945,743)
Total Revenues	1,126,034	(165,232)
Expenses
Compensation and Benefits	575,670	283,672
Occupancy and Related Charges	22,149	18,149
General, Administrative and Other	213,689	234,665
Total Expenses	811,508	536,486
Insurance
Revenues [Abstract]
Net Premiums	473,624	372,144
Policy Fees	313,802	313,782
Net Investment Income	1,300,697	812,605
Net Investment-Related Gains (Losses)	(123,833)	(368,680)
Other Income	37,158	34,744
Total Revenues	2,001,448	1,164,595
Expenses
General, Administrative and Other	211,731	167,624
Net Policy Benefits and Claims (including market risk benefit loss (gain) of $146,309 and $(195,683), respectively)	1,527,054	513,178
Amortization of Policy Acquisition Costs	44,211	11,422
Interest Expense	40,261	13,219
Insurance Expenses	225,318	115,803
Total Expenses	$ 2,048,575	$ 821,246

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Market risk benefit, (gain) loss	$ 146,309	$ (195,683)
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	$ 322,744	$ (9,786)

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 259,688	$ 1,252,388
Other Comprehensive Income (Loss), Net of Tax:
Unrealized Gains (Losses) on Available-For-Sale Securities and Other	1,132,752	(3,539,038)
Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities	(137,101)	724,586
Foreign Currency Translation Adjustments	(18,238)	(22,281)
Comprehensive Income (Loss)	1,237,101	(1,584,345)
Comprehensive Income (Loss) Attributable to Redeemable Noncontrolling Interests	(7,303)	(63)
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	294,185	(375,485)
Comprehensive Income (Loss) Attributable to KKR & Co. Inc.	$ 950,219	$ (1,208,797)

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Total KKR & Co. Inc. Stockholders' Equity	Preferred Stock Series C Mandatory Convertible Preferred Stock Dividends	Preferred Stock Series I Preferred Stock	Preferred Stock Series II Preferred Stock	Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Cumulative Effect, Period of Adoption, Adjustment	Additional Paid-In Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings Series C Mandatory Convertible Preferred Stock Dividends	Accumulated Other Comprehensive Income (Loss) (net of tax)	Accumulated Other Comprehensive Income (Loss) (net of tax) Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss) (net of tax) Cumulative Effect, Period of Adoption, Adjusted Balance	Noncontrolling Interests	Noncontrolling Interests Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interests Cumulative Effect, Period of Adoption, Adjusted Balance
Increase (Decrease) in Stockholders' Equity
Redeemable non-controlling interests	$ 82,491
Stockholders' equity, beginning balance at Dec. 31, 2021			$ 1,115,792	$ 0	$ 2,587	$ 5,957	$ 8,997,435	$ 0	$ 8,997,435	$ 7,670,182	$ 65,930	$ 7,736,112		$ (209,789)	$ 10,341	$ (199,448)	$ 40,474,565	$ 104,961	$ 40,579,526
Shares outstanding, beginning balance (in shares) at Dec. 31, 2021			23,000,000	1	258,726,163	595,663,618
Increase (Decrease) in Stockholders' Equity
Clawback of Transfer Restricted Shares (in shares)						0
Net Delivery of Common Stock						$ 0
Net Delivery of Common Stock (in shares)						0
Repurchases of Common Stock						$ (52)	(346,599)
Repurchases of Common Stock (in shares)						(5,191,174)
Tax Effects - Exchange of KKR Holdings Units and Other							26,780
Equity-Based Compensation							51,928
Net Income (Loss) Attributable to KKR & Co. Inc.	7,464									7,464
Series C Mandatory Convertible Preferred Stock Dividends ($0.75 per share)													$ (17,250)
Common Stock Dividends ($0.155 and $0.145 per share)										(85,741)
Other Comprehensive Income (Loss)														(1,216,261)
Shares outstanding, ending balance (in shares) at Mar. 31, 2022			23,000,000	1	258,726,163	590,472,444
Stockholders' equity, ending balance at Mar. 31, 2022	$ 58,071,855	$ 16,078,704	$ 1,115,792	$ 0	$ 2,587	$ 5,905	8,729,544			7,640,585				(1,415,709)			41,993,151
Stockholders' equity, beginning balance at Dec. 31, 2021			$ 1,115,792	$ 0	$ 2,587	$ 5,957	8,997,435	0	8,997,435	7,670,182	65,930	7,736,112		(209,789)	10,341	(199,448)	40,474,565	104,961	40,579,526
Shares outstanding, beginning balance (in shares) at Dec. 31, 2021			23,000,000	1	258,726,163	595,663,618
Shares outstanding, ending balance (in shares) at Dec. 31, 2022			22,999,974	1	0	861,110,478
Stockholders' equity, ending balance at Dec. 31, 2022			$ 1,115,792	$ 0	$ 0	$ 8,611	16,190,407	$ 93,650	$ 16,284,057	6,315,711	$ 385,396	$ 6,701,107		(5,901,701)	$ 599,901	$ (5,301,800)	35,778,000	$ 632,858	$ 36,410,858
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2018-12
Redeemable non-controlling interests	$ 81,793
Redeemable non-controlling interests	152,065
Clawback of Transfer Restricted Shares (in shares)						(13,624)
Net Delivery of Common Stock						$ 0
Net Delivery of Common Stock (in shares)						7,146
Repurchases of Common Stock						$ 0	0
Repurchases of Common Stock (in shares)						0
Tax Effects - Exchange of KKR Holdings Units and Other							0
Equity-Based Compensation							55,415
Net Income (Loss) Attributable to KKR & Co. Inc.	339,994									339,994
Series C Mandatory Convertible Preferred Stock Dividends ($0.75 per share)													$ (17,250)
Common Stock Dividends ($0.155 and $0.145 per share)										(133,470)
Other Comprehensive Income (Loss)														610,225
Shares outstanding, ending balance (in shares) at Mar. 31, 2023			22,999,974	1	0	861,104,000
Stockholders' equity, ending balance at Mar. 31, 2023	56,979,250	$ 19,662,681	$ 1,115,792	$ 0	$ 0	$ 8,611	$ 16,339,472			$ 6,890,381				$ (4,691,575)			$ 37,316,569
Increase (Decrease) in Stockholders' Equity
Redeemable non-controlling interests	$ 144,126

CONDENSED CONSOLIDATED STATEM_8

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Series C Mandatory Convertible Preferred Stock Dividends
Preferred stock, dividends declared (in dollars per share)	$ 0.75
Common Stock
Common stock, dividends declared (in dollars per share)	$ 0.155	$ 0.145

CONDENSED CONSOLIDATED STATEM_9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Activities
Net Income (Loss)	$ 259,688	$ 1,252,388
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Equity-Based and Other Non-Cash Compensation	184,135	168,792
Change in Unrealized (Gains) Losses - Asset Management	258,789	(634,632)
Net Accretion and Amortization	32,180	74,962
Other Non-Cash Amounts	49,999	7,971
Cash Flows Due to Changes in Operating Assets and Liabilities:
Change in Due from / to Affiliates	(145,301)	(68,560)
Change in Other Assets	493,728	610,079
Change in Accrued Expenses and Other Liabilities	699,553	(491,656)
Net Cash Provided (Used) by Operating Activities	(1,932,888)	916,818
Investing Activities
Net Cash Provided (Used) by Investing Activities	(3,818,533)	(1,997,829)
Financing Activities
Series C Mandatory Convertible Preferred Stock Dividends	(17,250)	(17,250)
Common Stock Dividends	(133,470)	(85,741)
Distributions to Redeemable Noncontrolling Interests	(636)	(635)
Distributions to Noncontrolling Interests	(1,840,303)	(1,873,873)
Contributions from Noncontrolling Interests	2,468,778	3,494,333
Repurchases of Common Stock	0	(346,651)
Proceeds from Debt Obligations	3,378,792	5,515,904
Repayment of Debt Obligations	(1,858,984)	(5,484,370)
Financing Costs Paid	0	(42,816)
Net Cash Provided (Used) by Financing Activities	2,072,968	4,146,476
Effect of exchange rate changes on cash, cash equivalents and restricted cash	21,603	(49,376)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash	(3,656,850)	3,016,089
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	13,385,370	10,526,304
Cash, Cash Equivalents and Restricted Cash, End of Period	9,728,520	13,542,393
Cash, Cash Equivalents and Restricted Cash are comprised of the following:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	9,728,520	13,542,393
Supplemental Disclosures of Cash Flow Information
Payments for Interest	566,904	329,776
Payments for Income Taxes	21,441	24,406
Payments for Operating Lease Liabilities	15,281	11,600
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Equity-Based and Other Non-Cash Contributions	129,272	134,964
Non-Cash Contribution from Noncontrolling Interests	0	85,258
Debt Obligations - Net Gains (Losses), Translation and Other	(428,559)	545,574
Tax Effects - Exchange of KKR Holdings L.P. Units and Other	0	26,780
Right-of-Use Assets obtained in Exchange for new Operating Lease Liabilities	17,167	1,211
Investments Acquired through Reinsurance Agreements	0	2,697,956
Policyholder Liabilities and Accruals Acquired through Reinsurance Agreements	242,554	236,698
Contractholder Deposit Funds Acquired through Reinsurance Agreements	24,083	2,537,960
Change in Consolidation
Investments - Insurance	(93,545)	0
Noncontrolling Interests	(93,545)	0
Asset Management
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Net Realized (Gains) Losses - Asset Management	(99,380)	(279,629)
Change in Unrealized (Gains) Losses - Asset Management	258,789	(634,632)
Capital Allocation-Based (Income) Loss - Asset Management	(449,018)	945,743
Cash Flows Due to Changes in Operating Assets and Liabilities:
Investments Purchased - Asset Management	(9,966,282)	(12,736,719)
Proceeds from Investments - Asset Management	5,229,772	12,123,184
Financing Activities
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	6,958,756	6,833,966
Cash, Cash Equivalents and Restricted Cash, End of Period	5,737,740	8,428,858
Cash, Cash Equivalents and Restricted Cash are comprised of the following:
Cash and Cash Equivalents	5,576,121	8,324,897
Restricted Cash and Cash Equivalents	161,619	103,961
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	5,737,740	8,428,858
Insurance
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
Net Realized (Gains) Losses on Insurance Operations	953,155	(270,658)
Interest Credited to Policyholder Account Balances (net of Policy Fees) - Insurance	623,849	470,543
Cash Flows Due to Changes in Operating Assets and Liabilities:
Reinsurance Transactions and Acquisitions, Net of Cash Provided - Insurance	242,554	5,764
Change in Premiums, Notes Receivable and Reinsurance Recoverable, Net of Reinsurance Premiums Payable - Insurance	(263,534)	291,418
Change in Deferred Policy Acquisition Costs - Insurance	(166,926)	(120,435)
Change in Policy Liabilities and Accruals, Net - Insurance	130,151	(431,737)
Investing Activities
Purchases of Fixed Assets	(23,207)	(11,888)
Investments Purchased - Insurance	(8,769,518)	(15,105,620)
Proceeds from Investments - Insurance	4,956,273	13,130,681
Other Investing Activities, Net - Insurance	17,919	(11,002)
Financing Activities
Additions to Contractholder Deposit Funds - Insurance	4,547,895	5,066,018
Withdrawals from Contractholder Deposit Funds - Insurance	(4,060,332)	(2,628,071)
Reinsurance Transactions, Net of Cash Provided - Insurance	79,516	46,566
Other Financing Activity, Net - Insurance	(491,038)	503,062
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	6,426,614	3,692,338
Cash, Cash Equivalents and Restricted Cash, End of Period	3,990,780	5,113,535
Cash, Cash Equivalents and Restricted Cash are comprised of the following:
Cash and Cash Equivalents	3,713,382	4,590,032
Restricted Cash and Cash Equivalents	277,398	523,503
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	$ 3,990,780	$ 5,113,535

ORGANIZATION

ORGANIZATION	3 Months Ended
ORGANIZATION	Mar. 31, 2023
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"). KKR & Co. Inc. is the parent company of KKR Group Co. Inc., which in turn owns KKR Group Holdings Corp., which is the general partner of KKR Group Partnership L.P. ("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. As of March 31, 2023, KKR & Co. Inc. held indirectly approximately 99.7% of the KKR Group Partnership Units. The remaining balance is held indirectly by KKR employees through vested restricted holdings units representing an ownership interest in KKR Group Partnership Units, which may be exchanged for shares of common stock of KKR & Co. Inc. ("exchangeable securities"). As limited partner interests, these KKR Group Partnership Units are non-voting and do not entitle anyone other than KKR to manage our business and affairs. KKR Group Partnership also has outstanding limited partner interests that provide for a carry pool provided by KKR Associates Holdings L.P. ("Associates Holdings") and preferred units with economic terms that mirror the Series C Mandatory Convertible Preferred Stock issued by KKR & Co. Inc. References to "KKR" in these financial statements refer to KKR & Co. Inc. and its subsidiaries, including Global Atlantic, unless the context requires otherwise, especially in sections where "KKR" is intended to refer to the asset management business only. References in these financial statements to "principals" are to KKR's current and former employees who held interests in KKR's business through KKR Holdings prior to the Reorganization Mergers (as defined below). References to "Global Atlantic" in these financial statements includes the insurance companies of Global Atlantic, which are consolidated by KKR. Reorganization Agreement On October 8, 2021, KKR entered into a Reorganization Agreement (the "Reorganization Agreement") with KKR Holdings L.P. ("KKR Holdings"), KKR Management LLP (which holds the sole outstanding share of Series I preferred stock), Associates Holdings, 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, some of which were completed on May 31, 2022, and other changes to be completed in the future. On May 31, 2022, KKR completed the merger transactions ("Reorganization Mergers") contemplated by the Reorganization Agreement pursuant to which KKR acquired KKR Holdings (which changed its name to KKR Group Holdings L.P.) and all of the KKR Group Partnership Units held by it. Pursuant to the Reorganization Agreement, the following transactions will occur in the future on the Sunset Date (as defined below): i. the control of KKR & Co. Inc. by KKR Management LLP and the Series I Preferred Stock held by it will be eliminated, ii. the voting rights for all common stock, including with respect to the election of directors, will be established on a one vote per share basis, and iii. KKR will acquire control of Associates Holdings, the entity providing for the allocation of carry proceeds to KKR employees, also known as the carry pool.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited financial statements of KKR & Co. Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the instructions to this Quarterly Report on Form 10-Q. The condensed consolidated financial statements (referred to hereafter as the "financial statements"), including these notes, are unaudited and exclude some of the disclosures required in annual financial statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) such that the financial statements are presented fairly and that estimates made in preparing the financial statements are reasonable and prudent. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. Except for balances affected by the adoption of new accounting guidance for insurance and reinsurance companies that issue long-duration contracts (“LDTI”) noted in Note 2—”Summary of Significant Accounting Policies”, the consolidated balance sheet data as of December 31, 2022 were derived from audited financial statements included in KKR & Co. Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2023 (our "Annual Report"), and the financial statements should be read in conjunction with the audited financial statements included therein. Additionally, in the accompanying financial statements, the condensed consolidated statements of financial condition are referred to hereafter as the "consolidated statements of financial condition"; the condensed consolidated statements of operations are referred to hereafter as the "consolidated statements of operations"; the condensed consolidated statements of comprehensive income (loss) are referred to hereafter as the "consolidated statements of comprehensive income (loss)"; the condensed consolidated statements of changes in equity and redeemable noncontrolling interests are referred to hereafter as the "consolidated statements of changes in equity"; and the condensed consolidated statements of cash flows are referred to hereafter as the "consolidated statements of cash flows." 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. 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 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 beyond the assets pledged to support such borrowings. All the investment management and financing arrangements between KKR's Asset Management business 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. For a detailed discussion about KKR’s significant accounting policies and for further information on accounting updates adopted in the prior year, see Note 2 to the financial statements in the Annual Report. Other than the items listed below, during the three months ended March 31, 2023, there were no significant updates to KKR’s significant accounting policies. 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. DAC is estimated using a group approach, instead of on an individual contract level. DAC groups, or cohorts, are by product type and issue year and consistent with the groups used in estimating the associated insurance liability. 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 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. For limited-payment products (e.g., payout annuities), gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). DPL is measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses, and expenses. DPL is recorded 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 recorded in policy liabilities in the consolidated statements of financial condition. Amortization DAC is amortized on a constant level basis for the grouped contracts over the expected economic life of the related contracts. Global Atlantic amortizes DAC for all products on a constant level basis based on policy count, except for DAC for traditional life products that are amortized on a constant level basis based on face amount. The constant level bases used for amortization are projected using mortality and lapse assumptions that are based on Global Atlantic’s experience, industry data, and other factors and are consistent with those used for the liability for future policy benefits. If those projected assumptions change in future periods, they will be reflected in the cohort level amortization basis at that time. Unexpected lapses, due to higher mortality and lapse experience than expected, are recognized in the current period as a reduction of the capitalized balances. Amortization of DAC is included in amortization of policyholder acquisition costs in the consolidated statements of operations. VOBA is generally amortized using the same methodology and assumptions used to amortize DAC. DPL is amortized and recognized in proportion to insurance in force for life insurance contracts and expected future benefit payments for annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. Global Atlantic reviews and updates its estimates of cash flows for the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to net policy benefits and claims. UFEL is amortized consistent with the amortization of DAC on preneed contracts. The key assumptions used in the calculation of the amortization of these balances are reviewed quarterly and updated if actual experience or other evidence suggests that current assumptions should be revised. In addition, Global Atlantic formally reviews assumptions annually as part of the assumptions review process. The effects of changes in assumptions are recorded in net income in the period in which the changes are made. Internal replacements An internal replacement is a modification in product benefits, features, rights, or coverages that occurs by the legal extinguishment of one contract and the issuance of another contract (a contract exchange), or by amendment, endorsement, or rider to a contract, or by the election of a benefit, feature, right, or coverage within a contract. If the modification does not substantially change the contract, the unchanged contract is viewed as a prospective revision and the unamortized DAC is adjusted prospectively. As such, unamortized DAC and other associated balances from the unchanged contract are retained and acquisition costs incurred to modify the contract are not deferred but expensed as incurred. Other balances associated with the unchanged contract, such as any liability for future policyholder benefit or market risk benefits, should similarly be accounted for as if the unchanged contract is a continuation of the original contract. If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other policy balances are charged or credited to income, and any new deferrable costs associated with the replacement contract are deferred. 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. Separate account assets consist principally of mutual funds at fair value. The investment income and gains and losses of these accounts generally accrue to the contractholders and therefore, are not included in Global Atlantic’s net income. However, Global Atlantic’s net income reflects fees assessed and earned on fund values of these contracts which are presented as a component of policy fees in the consolidated statements of operations. Realized investment gains and losses related to separate accounts that meet the conditions for separate account reporting accrue to and are borne by the contractholder. 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 fixed-indexed annuities, variable annuities, universal life with secondary guarantees, indexed universal life and preneed policies. Annuity contracts Fixed-indexed annuities ("FIA") Policy liabilities 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 “effective yield method” (previously referred to in our Annual Report as 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 effective 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. 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 ceding commission paid between a ceding and assuming reinsurance company) is established at inception and amortized under the effective yield method. Global Atlantic issues registered index-linked annuity ("RILA") contracts, which are similar to FIAs in offering the policyholder the opportunity to participate in the performance of a market index, subject to a cap or adjusted for a participation rate. In contrast to the FIA, the RILA enables policyholders to earn higher returns but with the risk of loss to principal and related earnings. In particular, if performance of the market indices is negative, the policyholder may potentially absorb losses, subject to downside protection in the form of either a “buffer” or a “floor” specified in the contract. A “buffer” is protection from downside performance up to a certain percentage, typically 10 percent, with uncapped losses thereafter. A “floor” is protection from downside performance in excess of the “floor,” e.g., if the floor is 10% then the policyholder absorbs losses up to 10% but not in excess. The RILA is accounted for similar to the FIA. The RILA host contract is calculated at the inception of the contract as the value of the initial premium minus the value of the index option, which is an embedded derivative. That initial host value is then accreted to the guaranteed surrender value at the end of the surrender charge period. The RILA index option, which is an embedded derivative, is required to be measured at fair value. Fair value represents the policyholders’ expected participation in future increases in the relevant index and is calculated as the excess cash flows from the indexed crediting feature above the guaranteed cash flows. The excess cash flows are based on the option budget methodology whereby the indexed account is projected to grow by the option budget. A key difference from a standard FIA product is that the RILA policyholder can lose principal on this investment. Therefore, it is possible that the embedded derivative can become negative. The option budget will be calculated depending on the product type and strategy. The growth in the indexed account will be projected based on the value of the options dependent upon the strategy and associated hedge construction. 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. Variable annuities Global Atlantic issues and assumes variable annuity contracts for which the liabilities 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. Variable annuity contracts may have certain guarantees that are accounted for as market risk benefits, which are discussed in more detail below. Funding agreements Global Atlantic issues funding agreements to certain unaffiliated special purpose entities that have issued debt securities for which payment of interest and principal is secured by such funding agreements. Global Atlantic also has similar obligations to federal home loan banks. Global Atlantic’s funding agreements are considered investment type contracts and liabilities are net deposits plus accrued and unpaid interest. 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 operations. Interest-sensitive life products For universal life policies, the base policy reserve is 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 “effective 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 effective yield method. 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. Traditional life and limited payment contracts Liability for future policy benefits A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. The liability is estimated using current assumptions that include mortality, lapses, and expenses. These current assumptions are based on judgments that consider Global Atlantic’s historical experience, industry data, and other factors. For nonparticipating traditional and limited-payment contracts, contracts are grouped into cohorts by contract type and issue year. The liability is adjusted for differences between actual and expected experience. With the exception of the expense assumption, Global Atlantic reviews its historical and future cash flow assumptions quarterly and updates the net premium ratio used to calculate the liability each time the assumptions are changed. Global Atlantic has elected to use expense assumptions that are locked in at contract inception and are not subsequently reviewed or updated. Each quarter, Global Atlantic updates its estimate of cash flows expected over the entire life of a group of contracts using actual historical experience and current future cash flow assumptions. These updated cash flows are discounted using the discount rate or curve on the original contract issue date to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits. This amount is then compared to the carrying amount of the liability before the updating of cash flow assumptions to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented parenthetically as a separate component of benefit expense in the consolidated statements of operations. For nonparticipating traditional and limited-payment contracts, the discount rate assumption is a spot rate yield curve that is derived based on upper medium grade (low credit risk) fixed-income instruments with similar duration to the liability. Global Atlantic uses one or more external indices of corporate credit issues as its proxy for these instruments. The discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change in the discount rate reflected in other comprehensive income. For liability cash flows between two market observable points on the yield curve, Global Atlantic interpolates the effective yield by holding the marginal rates constant. For liability cash flows that are projected beyond the last market-observable point on the yield curve, Global Atlantic uses the last market-observable yield level. Payout annuities Payout annuities include single premium immediate annuities, annuitizations of deferred annuities, pension risk transfer 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 investment contracts. 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 expense assumptions. Any gross premiums received in excess of the net premium is the DPL and is recognized separately in income in a constant relationship with the discounted amount of the insurance in-force or expected future benefit payments. These 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. Whole and term life Global Atlantic has established liabilities for amounts payable under insurance policies, including whole life insurance and term life insurance policies. These policies provide death benefits in exchange for a guaranteed level premium for a specified period of time and, in the case of whole life, a guaranteed minimum cash surrender value. 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. Current assumptions are used in the establishment of liabilities for future policyholder benefits including mortality, policy lapse, renewal, investment returns, inflation, expenses and other contingent events as appropriate for the respective product. Each quarter, Global Atlantic updates its estimate of cash flows using actual historical experience and current future cash flow assumptions. These updated cash flows are discounted using the discount rate or curve on the original contract issue date to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits. This amount is then compared to the carrying amount of the liability before the updating of cash flow assumptions to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented parenthetically as a separate component of benefit expense in the consolidated statement of operations. 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. Product guarantees Market risk benefits Market risk benefits are contracts or contract features that both provide protection to the policyholder from other-than-nominal capital market risk and expose Global Atlantic to other-than-nominal capital market risk. Market risk benefits include certain contract features on fixed annuity and variable annuity products. These features include minimum guarantees to policyholders, such as guaranteed minimum death benefits (GMDBs), guaranteed minimum withdrawal benefits (GMWBs), and long-term care benefits (i.e., capped at the return of account value plus one or two times the account value). Market risk benefits are measured at fair value using a non-option and option valuation approach based on current net amounts at risk, market data, experience, and other factors. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in other comprehensive income. Additional liability for annuitization, death, or other insurance benefits Global Atlantic establishes additional liabilities for contracts or contract features that provide for potential benefits in addition to the account balance but are not market risk benefits or embedded derivatives. These benefits include annuitization benefits and death or other insurance benefits (e.g., universal life secondary guarantees). For these benefits, the liability is the sum of the current benefit ratio multiplied by cumulative assessments and accreted interest, less excess payments. In particular, Global Atlantic holds additional liabilities for universal life products with secondary guarantees, sometimes referred to as no-lapse guarantees. 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

ACQUISITIONS

ACQUISITIONS	3 Months Ended
ACQUISITIONS	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Acquisition of Mitsubishi Corp-UBS Realty Inc. On March 17, 2022, KKR entered into an agreement to acquire all of the outstanding shares of Mitsubishi Corp.-UBS Realty Inc. (“MC-UBSR”) from Mitsubishi Corporation and UBS Asset Management in an all-cash transaction valued at ¥227 billion (which was approximately $1.7 billion at such time) (the “KJRM Acquisition”). On April 28, 2022, KKR completed the acquisition of MC-UBSR, which changed its name to KJR Management ("KJRM"). KJRM is a real estate asset manager in Japan that manages two Tokyo Stock Exchange-listed real estate investment trusts ("REITs"): Japan Metropolitan Fund Investment Corporation, which is primarily focused on retail, offices, hotels and other assets located in urban areas in Japan, and Industrial & Infrastructure Fund Investment Corporation, which is primarily focused on industrial and infrastructure properties in Japan. The KJRM Acquisition was accounted for as a business combination under FASB Accounting Standards Codification Topic 805, Business Combinations ("Topic 805"). KKR plans to continue the existing strategy and business of KJRM. The acquisition is expected to enhance KJRM’s leading real estate asset management business with potential opportunities for organic and inorganic growth and scale in Japan. In connection with the acquisition, KKR allocated an amount of $1,733 million to the fair value of KJRM’s investment management contracts and recognized approximately $530 million of deferred tax liabilities resulting from the difference in book and tax basis of such intangible assets as of the acquisition date. Intangibles are based upon third-party valuations using the excess earnings method, which derives value based on the present value of the cash flow attributable to the investment management contracts, less returns for contributory assets. The significant assumptions used in the valuation of the intangible assets acquired are unobservable and include (i) the asset's estimated useful life, (ii) the projected assets under management, (iii) the projected revenue growth rates, and (iv) the discount rate. KJRM’s investment management contracts were determined to have indefinite useful lives at the time of the KJRM Acquisition and are not subject to amortization. The assignment of indefinite lives to such investment management contracts is primarily based upon (i) the assumption that there is no foreseeable limit on the contract period to manage KJRM’s listed REITs; (ii) KKR expects to have the ability to continue to operate these products indefinitely; (iii) the products have multiple investors and are not reliant on a single investor or small group of investors for their continued operation; (iv) current competitive factors and economic conditions do not indicate a finite life; and (v) there is a high likelihood of continued renewal based on historical experience. The carrying value of goodwill associated with the KJRM Acquisition was $509 million as of the acquisition date and is entirely allocated to the asset management segment. The goodwill is attributable primarily to the assembled workforce of KJRM and expected synergies. The goodwill recorded is not expected to be deductible for tax purposes. KKR finalized the purchase price allocation in December 2022. No measurement period adjustments to reflect new information obtained about facts and circumstances that existed as of the acquisition date were recorded. Pro forma results of operations would not be materially different as a result of the acquisition and therefore are not presented.

REVENUES - ASSET MANAGEMENT

REVENUES - ASSET MANAGEMENT	3 Months Ended
REVENUES - ASSET MANAGEMENT	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUES - ASSET MANAGEMENT	REVENUES - ASSET MANAGEMENT For the three months ended March 31, 2023 and 2022, respectively, Asset Management revenues consisted of the following: Three Months Ended March 31, 2023 2022 Management Fees $ 453,093 $ 398,046 Fee Credits (57,531) (187,745) Transaction Fees 209,839 466,966 Monitoring Fees 29,853 39,400 Incentive Fees 6,413 7,057 Expense Reimbursements 15,544 41,303 Consulting Fees 19,805 15,484 Total Fees and Other 677,016 780,511 Carried Interest 343,070 (783,688) General Partner Capital Interest 105,948 (162,055) Total Capital Allocation-Based Income (Loss) 449,018 (945,743) Total Revenues - Asset Management $ 1,126,034 $ (165,232)

NET GAINS (LOSSES) FROM INVESTM

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT	3 Months Ended
	Mar. 31, 2023
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: Three Months Ended March 31, 2023 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 199,081 $ (36,664) $ 162,417 Credit (1) (22,963) 104,775 81,812 Investments of Consolidated CFEs (1) (5,017) 317,881 312,864 Real Assets (1) 9,434 (325,909) (316,475) Equity Method - Other (1) 39,219 29,505 68,724 Other Investments (1) (112,663) (519) (113,182) Foreign Exchange Forward Contracts and Options (2) (58,635) 36,269 (22,366) Securities Sold Short (2) (3,475) 2,241 (1,234) Other Derivatives (2) (2,122) 14,330 12,208 Debt Obligations and Other (3) 56,521 (400,698) (344,177) Net Gains (Losses) From Investment Activities $ 99,380 $ (258,789) $ (159,409) Three Months Ended March 31, 2022 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 198,380 $ (265,326) $ (66,946) Credit (1) (11,455) (188,974) (200,429) Investments of Consolidated CFEs (1) 2,949 (269,548) (266,599) Real Assets (1) (2,761) 1,297,270 1,294,509 Equity Method - Other (1) 14,284 (72,642) (58,358) Other Investments (1) 1,743 (15,015) (13,272) Foreign Exchange Forward Contracts and Options (2) 90,890 (147,007) (56,117) Securities Sold Short (2) 36,082 10,181 46,263 Other Derivatives (2) (12,005) 20,137 8,132 Debt Obligations and Other (3) (38,478) 265,556 227,078 Net Gains (Losses) From Investment Activities $ 279,629 $ 634,632 $ 914,261 (1) See Note 8 "Investments." (2) See Note 9 "Derivatives" and Note 15 "Other Assets and Accrued Expenses and Other Liabilities."

NET INVESTMENT INCOME - INSURAN

NET INVESTMENT INCOME - INSURANCE	3 Months Ended
NET INVESTMENT INCOME - INSURANCE	Mar. 31, 2023
Investments, All Other Investments [Abstract]
NET INVESTMENT INCOME - 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: Three Months Ended March 31, 2023 2022 Fixed maturity securities – interest and other income $ 1,050,796 $ 691,293 Mortgage and other loan receivables 459,146 324,141 Investments in transportation and other leased assets 76,188 67,679 Investments in renewable energy 20,583 25,218 Investments in real estate 36,101 3,903 Short-term and other investment income 77,616 20,697 Income assumed from funds withheld receivable at interest 22,101 19,605 Policy loans 10,277 7,911 Income ceded to funds withheld payable at interest (301,223) (179,702) Gross investment income 1,451,585 980,745 Less investment expenses: Investment management and administration 85,341 113,131 Transportation and renewable energy asset depreciation and maintenance 49,162 53,953 Interest expense on derivative collateral and repurchase agreements 16,385 1,056 Net investment income $ 1,300,697 $ 812,605 Net investment-related losses 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, real estate investments accounted for under investment company accounting, and investments 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 losses were as follows: Three Months Ended March 31, 2023 2022 Realized gains (losses) on available-for-sale fixed maturity debt securities $ 3,432 $ (243,350) Credit loss allowances on available-for-sale securities (76,318) (10,602) Credit loss allowances on mortgage and other loan receivables (64,111) (26,085) Allowances on unfunded commitments (8,000) 6,790 Impairment of available-for-sale fixed maturity debt securities due to intent to sell (26,741) — Unrealized gains (losses) on fixed maturity securities classified as trading 376,290 (1,038,446) Unrealized losses on investments recognized under the fair-value option (55,773) (2,493) Unrealized gains on real estate investments recognized at fair value under investment company accounting 63,192 77,692 Net (losses) gains on derivative instruments (348,225) 859,734 Realized gains (losses) on funds withheld at interest payable portfolio 3,980 (26,387) Realized gains on funds withheld at interest receivable portfolio 17,733 25,600 Other realized losses (gains) (9,292) 8,867 Net investment-related losses $ (123,833) $ (368,680) 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Corporate Structured Total Corporate Structured Total Balance, as of beginning of period $ 1,298 $ 127,034 $ 128,332 $ 3,238 $ 84,895 $ 88,133 Initial impairments for credit losses recognized on securities not previously impaired 151 45,200 45,351 122 15,758 15,880 Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities — — — — 140 140 Accretion of initial credit loss allowance on PCD securities — 351 351 — 477 477 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (3,887) (3,887) — (2,444) (2,444) Net additions / reductions for securities previously impaired — 30,967 30,967 1,640 (6,918) (5,278) Balance, as of end of period $ 1,449 $ 199,665 $ 201,114 $ 5,000 $ 91,908 $ 96,908 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period $ 227,315 $ 125,824 $ 207,089 $ 560,228 $ 65,970 $ 72,082 $ 236,025 $ 374,077 Net provision (release) 20,111 10,316 33,684 64,111 15,566 15,501 (4,982) 26,085 Charge-offs — (1,693) (35,372) (37,065) — — — — Recoveries of amounts previously charged-off — — 1,826 1,826 — — — — Balance, as of end of period $ 247,426 $ 134,447 $ 207,227 $ 589,100 $ 81,536 $ 87,583 $ 231,043 $ 400,162 Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of available-for-sale ("AFS") fixed maturity securities were as follows: Three Months Ended March 31, 2023 2022 AFS fixed maturity securities: Proceeds from voluntary sales $ 1,406,925 $ 6,128,285 Gross gains 15,464 8,942 Gross losses (10,044) (245,871) The following reflects the reconciliation of the components of insurance intangibles to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, December 31, 2023 2022 Deferred acquisition costs $ 930,468 $ 820,970 Value of business acquired 1,293,927 1,316,529 Cost-of-reinsurance assets 167,215 193,995 Total insurance intangibles $ 2,391,610 $ 2,331,494 Deferred acquisition costs The following tables reflect the deferred acquisition costs roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 221,679 $ 367,813 $ 116,021 $ 115,457 $ 820,970 Capitalizations 59,969 52,469 11,128 17,112 140,678 Amortization expense (13,607) (12,930) (1,258) (3,385) (31,180) Balance, as of the end of the period $ 268,041 $ 407,352 $ 125,891 $ 129,184 $ 930,468 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 107,104 $ 179,449 $ 54,298 $ 56,730 $ 397,581 Capitalizations 28,519 51,769 21,894 19,233 121,415 Amortization expense (5,023) (5,639) (1,439) (1,876) (13,977) Balance, as of the end of the period $ 130,600 $ 225,579 $ 74,753 $ 74,087 $ 505,019 Value of business acquired The following tables reflect the value of business acquired, or “VOBA” asset roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 48,762 $ 663,296 $ 276,795 $ 241,778 $ 85,898 $ 1,316,529 Amortization expense (972) (10,358) (3,048) (6,370) (1,854) (22,602) Balance, as of the end of the period $ 47,790 $ 652,938 $ 273,747 $ 235,408 $ 84,044 $ 1,293,927 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 52,723 $ 709,271 $ 292,323 $ 269,172 $ 94,479 $ 1,417,968 Amortization expense (1,000) (12,503) (3,948) (7,018) (2,764) (27,233) Balance, as of the end of the period $ 51,723 $ 696,768 $ 288,375 $ 262,154 $ 91,715 $ 1,390,735 The following tables reflect the negative value of business acquired, or “negative VOBA” liability roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 98,342 $ 145,610 $ 461,592 $ 99,776 $ 198,804 $ 1,004,124 Amortization expense (8,720) (10,036) (8,144) (2,423) (5,349) (34,672) Balance, as of the end of the period $ 89,622 $ 135,574 $ 453,448 $ 97,353 $ 193,455 $ 969,452 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 136,227 $ 184,664 $ 500,264 $ 109,826 $ 211,296 $ 1,142,277 Amortization expense (9,826) (9,511) (11,700) (2,525) (3,307) (36,869) Balance, as of the end of the period $ 126,401 $ 175,153 $ 488,564 $ 107,301 $ 207,989 $ 1,105,408 Estimated future amortization of VOBA and Negative VOBA as of March 31, 2023 is as follows: Years VOBA Negative VOBA Total, net Remainder of 2023 $ 66,010 $ (91,650) $ (25,640) 2024 83,707 (101,747) (18,040) 2025 78,737 (83,867) (5,130) 2026 74,285 (69,700) 4,585 2027 70,024 (59,753) 10,271 2028 66,345 (51,968) 14,377 2029 and thereafter 854,819 (510,767) 344,052 Total $ 1,293,927 $ (969,452) $ 324,475 Unearned revenue reserves and unearned front-end loads Three Months Ended March 31, 2023 2022 Preneed Balance, as of the beginning of the period $ 118,186 $ 55,510 Deferral 17,791 16,686 Amortized to income during the year (2,517) (1,280) Balance, as of the end of the period $ 133,460 $ 70,916 Significant inputs, judgments, assumptions for DAC and related amortization amounts Global Atlantic considers surrender rates, mortality rates, and other relevant policy decrements in determining the expected life of the contract. As a part of Global Atlantic's actual experience update for the three months ended March 31, 2023 and 2022, Global Atlantic observed that there was no significant change in relevant inputs, judgments, or assumptions requiring an update of the amortization rate for DAC and related amortization amounts.

NET INVESTMENT-RELATED LOSSES -

NET INVESTMENT-RELATED LOSSES - INSURANCE	3 Months Ended
NET INVESTMENT-RELATED LOSSES - INSURANCE	Mar. 31, 2023
Insurance [Abstract]
NET INVESTMENT-RELATED 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: Three Months Ended March 31, 2023 2022 Fixed maturity securities – interest and other income $ 1,050,796 $ 691,293 Mortgage and other loan receivables 459,146 324,141 Investments in transportation and other leased assets 76,188 67,679 Investments in renewable energy 20,583 25,218 Investments in real estate 36,101 3,903 Short-term and other investment income 77,616 20,697 Income assumed from funds withheld receivable at interest 22,101 19,605 Policy loans 10,277 7,911 Income ceded to funds withheld payable at interest (301,223) (179,702) Gross investment income 1,451,585 980,745 Less investment expenses: Investment management and administration 85,341 113,131 Transportation and renewable energy asset depreciation and maintenance 49,162 53,953 Interest expense on derivative collateral and repurchase agreements 16,385 1,056 Net investment income $ 1,300,697 $ 812,605 Net investment-related losses 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, real estate investments accounted for under investment company accounting, and investments 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 losses were as follows: Three Months Ended March 31, 2023 2022 Realized gains (losses) on available-for-sale fixed maturity debt securities $ 3,432 $ (243,350) Credit loss allowances on available-for-sale securities (76,318) (10,602) Credit loss allowances on mortgage and other loan receivables (64,111) (26,085) Allowances on unfunded commitments (8,000) 6,790 Impairment of available-for-sale fixed maturity debt securities due to intent to sell (26,741) — Unrealized gains (losses) on fixed maturity securities classified as trading 376,290 (1,038,446) Unrealized losses on investments recognized under the fair-value option (55,773) (2,493) Unrealized gains on real estate investments recognized at fair value under investment company accounting 63,192 77,692 Net (losses) gains on derivative instruments (348,225) 859,734 Realized gains (losses) on funds withheld at interest payable portfolio 3,980 (26,387) Realized gains on funds withheld at interest receivable portfolio 17,733 25,600 Other realized losses (gains) (9,292) 8,867 Net investment-related losses $ (123,833) $ (368,680) 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Corporate Structured Total Corporate Structured Total Balance, as of beginning of period $ 1,298 $ 127,034 $ 128,332 $ 3,238 $ 84,895 $ 88,133 Initial impairments for credit losses recognized on securities not previously impaired 151 45,200 45,351 122 15,758 15,880 Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities — — — — 140 140 Accretion of initial credit loss allowance on PCD securities — 351 351 — 477 477 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (3,887) (3,887) — (2,444) (2,444) Net additions / reductions for securities previously impaired — 30,967 30,967 1,640 (6,918) (5,278) Balance, as of end of period $ 1,449 $ 199,665 $ 201,114 $ 5,000 $ 91,908 $ 96,908 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period $ 227,315 $ 125,824 $ 207,089 $ 560,228 $ 65,970 $ 72,082 $ 236,025 $ 374,077 Net provision (release) 20,111 10,316 33,684 64,111 15,566 15,501 (4,982) 26,085 Charge-offs — (1,693) (35,372) (37,065) — — — — Recoveries of amounts previously charged-off — — 1,826 1,826 — — — — Balance, as of end of period $ 247,426 $ 134,447 $ 207,227 $ 589,100 $ 81,536 $ 87,583 $ 231,043 $ 400,162 Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of available-for-sale ("AFS") fixed maturity securities were as follows: Three Months Ended March 31, 2023 2022 AFS fixed maturity securities: Proceeds from voluntary sales $ 1,406,925 $ 6,128,285 Gross gains 15,464 8,942 Gross losses (10,044) (245,871) The following reflects the reconciliation of the components of insurance intangibles to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, December 31, 2023 2022 Deferred acquisition costs $ 930,468 $ 820,970 Value of business acquired 1,293,927 1,316,529 Cost-of-reinsurance assets 167,215 193,995 Total insurance intangibles $ 2,391,610 $ 2,331,494 Deferred acquisition costs The following tables reflect the deferred acquisition costs roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 221,679 $ 367,813 $ 116,021 $ 115,457 $ 820,970 Capitalizations 59,969 52,469 11,128 17,112 140,678 Amortization expense (13,607) (12,930) (1,258) (3,385) (31,180) Balance, as of the end of the period $ 268,041 $ 407,352 $ 125,891 $ 129,184 $ 930,468 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 107,104 $ 179,449 $ 54,298 $ 56,730 $ 397,581 Capitalizations 28,519 51,769 21,894 19,233 121,415 Amortization expense (5,023) (5,639) (1,439) (1,876) (13,977) Balance, as of the end of the period $ 130,600 $ 225,579 $ 74,753 $ 74,087 $ 505,019 Value of business acquired The following tables reflect the value of business acquired, or “VOBA” asset roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 48,762 $ 663,296 $ 276,795 $ 241,778 $ 85,898 $ 1,316,529 Amortization expense (972) (10,358) (3,048) (6,370) (1,854) (22,602) Balance, as of the end of the period $ 47,790 $ 652,938 $ 273,747 $ 235,408 $ 84,044 $ 1,293,927 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 52,723 $ 709,271 $ 292,323 $ 269,172 $ 94,479 $ 1,417,968 Amortization expense (1,000) (12,503) (3,948) (7,018) (2,764) (27,233) Balance, as of the end of the period $ 51,723 $ 696,768 $ 288,375 $ 262,154 $ 91,715 $ 1,390,735 The following tables reflect the negative value of business acquired, or “negative VOBA” liability roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 98,342 $ 145,610 $ 461,592 $ 99,776 $ 198,804 $ 1,004,124 Amortization expense (8,720) (10,036) (8,144) (2,423) (5,349) (34,672) Balance, as of the end of the period $ 89,622 $ 135,574 $ 453,448 $ 97,353 $ 193,455 $ 969,452 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 136,227 $ 184,664 $ 500,264 $ 109,826 $ 211,296 $ 1,142,277 Amortization expense (9,826) (9,511) (11,700) (2,525) (3,307) (36,869) Balance, as of the end of the period $ 126,401 $ 175,153 $ 488,564 $ 107,301 $ 207,989 $ 1,105,408 Estimated future amortization of VOBA and Negative VOBA as of March 31, 2023 is as follows: Years VOBA Negative VOBA Total, net Remainder of 2023 $ 66,010 $ (91,650) $ (25,640) 2024 83,707 (101,747) (18,040) 2025 78,737 (83,867) (5,130) 2026 74,285 (69,700) 4,585 2027 70,024 (59,753) 10,271 2028 66,345 (51,968) 14,377 2029 and thereafter 854,819 (510,767) 344,052 Total $ 1,293,927 $ (969,452) $ 324,475 Unearned revenue reserves and unearned front-end loads Three Months Ended March 31, 2023 2022 Preneed Balance, as of the beginning of the period $ 118,186 $ 55,510 Deferral 17,791 16,686 Amortized to income during the year (2,517) (1,280) Balance, as of the end of the period $ 133,460 $ 70,916 Significant inputs, judgments, assumptions for DAC and related amortization amounts Global Atlantic considers surrender rates, mortality rates, and other relevant policy decrements in determining the expected life of the contract. As a part of Global Atlantic's actual experience update for the three months ended March 31, 2023 and 2022, Global Atlantic observed that there was no significant change in relevant inputs, judgments, or assumptions requiring an update of the amortization rate for DAC and related amortization amounts.

INVESTMENTS

INVESTMENTS	3 Months Ended
INVESTMENTS	Mar. 31, 2023
Investments [Abstract]
INVESTMENTS	INVESTMENTS Investments consist of the following: March 31, 2023 December 31, 2022 Asset Management Private Equity $ 27,454,205 $ 26,607,688 Credit 8,297,931 7,804,392 Investments of Consolidated CFEs 24,013,221 22,492,366 Real Assets 19,854,474 17,976,366 Equity Method - Other 7,043,747 6,838,541 Equity Method - Capital Allocation-Based Income 7,204,647 6,862,712 Other Investments 4,081,693 3,793,398 Investments - Asset Management $ 97,949,918 $ 92,375,463 Insurance Fixed maturity securities, available-for-sale, at fair value (1) $ 67,828,743 $ 61,939,529 Mortgage and other loan receivables 34,698,694 35,090,698 Fixed maturity securities, trading, at fair value (2) 12,755,365 12,038,847 Other investments 10,446,292 11,374,656 Funds withheld receivable at interest 2,774,730 2,868,036 Policy loans 880,030 868,911 Equity securities at fair value 17,540 18,499 Investments - Insurance $ 129,401,394 $ 124,199,176 Total Investments $ 227,351,312 $ 216,574,639 (1) Amortized cost of $78.2 billion and $73.6 billion, net of credit loss allowances of $201.1 million and $128.3 million, respectively. (2) Amortized cost of $15.1 billion and $14.8 billion, respectively. As of both March 31, 2023 and December 31, 2022, there were no investments which represented greater than 5% of total investments. 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 (1)(2) Gross unrealized Fair value As of March 31, 2023 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 440,171 $ — $ 1,850 $ (63,495) $ 378,526 U.S. state, municipal and political subdivisions 5,567,801 — 20,895 (1,020,472) 4,568,224 Corporate 47,216,455 (1,449) 141,254 (7,122,069) 40,234,191 Residential mortgage-backed securities 7,981,482 (146,755) 13,487 (807,058) 7,041,156 Commercial mortgage-backed securities 7,454,715 (15,628) 846 (822,087) 6,617,846 Collateralized bond obligations 3,029,471 (745) — (185,820) 2,842,906 Collateralized loan obligations 3,460,298 (25,087) 1,184 (166,211) 3,270,184 Asset-backed securities 3,095,110 (11,450) 7,796 (215,746) 2,875,710 Total AFS fixed maturity securities $ 78,245,503 $ (201,114) $ 187,312 $ (10,402,958) $ 67,828,743 (1) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statements 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. (2) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(23.6) million. Cost or amortized cost Allowance for Credit Losses (1)(2) Gross unrealized Fair value As of December 31, 2022 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 438,931 $ — $ 304 $ (72,494) $ 366,741 U.S. state, municipal and political subdivisions 5,638,252 — 6,582 (1,233,874) 4,410,960 Corporate 44,253,062 (1,298) 49,509 (7,984,341) 36,316,932 RMBS 7,307,526 (100,554) 12,052 (834,212) 6,384,812 CMBS 7,269,662 (14,490) 36 (834,735) 6,420,473 CBOs 3,051,850 (426) — (217,773) 2,833,651 CLOs 2,726,888 (6,165) 127 (200,160) 2,520,690 ABSs 2,914,617 (5,399) 4,702 (228,650) 2,685,270 Total AFS fixed maturity securities $ 73,600,788 $ (128,332) $ 73,312 $ (11,606,239) $ 61,939,529 (1) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statements 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. (2) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(29.9) 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 March 31, 2023 Cost or Fair value Due in one year or less $ 1,111,146 $ 1,099,144 Due after one year through five years 12,746,392 12,176,052 Due after five years through ten years 10,175,556 9,410,865 Due after ten years 29,189,884 22,494,880 Subtotal 53,222,978 45,180,941 RMBS 7,834,727 7,041,156 CMBS 7,439,087 6,617,846 CBOs 3,028,726 2,842,906 CLOs 3,435,211 3,270,184 ABSs 3,083,660 2,875,710 Total AFS fixed maturity securities $ 78,044,389 $ 67,828,743 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: Three Months Ended March 31, 2023 2022 Purchase price of PCD securities acquired during the current period $ — $ 5,185 Allowance for credit losses at acquisition — 140 Discount attributable to other factors — 1,207 Par value $ — $ 6,532 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 March 31, 2023 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 41,237 $ (442) $ 202,902 $ (63,053) $ 244,139 $ (63,495) U.S. state, municipal and political subdivisions 447,639 (35,891) 3,617,169 (984,581) 4,064,808 (1,020,472) Corporate 9,620,913 (417,413) 24,411,962 (6,704,656) 34,032,875 (7,122,069) RMBS 2,270,895 (156,956) 3,918,339 (650,102) 6,189,234 (807,058) CBOs 672,051 (33,236) 2,170,855 (152,584) 2,842,906 (185,820) CMBS 1,283,842 (92,237) 5,200,921 (729,850) 6,484,763 (822,087) CLOs 768,231 (21,498) 2,029,386 (144,713) 2,797,617 (166,211) ABSs 1,142,861 (75,221) 1,319,087 (140,525) 2,461,948 (215,746) Total AFS fixed maturity securities in a continuous loss position $ 16,247,669 $ (832,894) $ 42,870,621 $ (9,570,064) $ 59,118,290 $ (10,402,958) Less than 12 months 12 months or more Total As of December 31, 2022 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 122,272 $ (52,639) $ 108,498 $ (19,855) $ 230,770 $ (72,494) U.S. state, municipal and political subdivisions 2,321,404 (605,698) 1,780,984 (628,176) 4,102,388 (1,233,874) Corporate 14,792,384 (2,114,695) 17,943,907 (5,869,646) 32,736,291 (7,984,341) RMBS 3,998,737 (442,543) 2,068,529 (391,669) 6,067,266 (834,212) CBOs 1,351,552 (103,499) 1,482,099 (114,274) 2,833,651 (217,773) CMBS 4,054,053 (445,168) 2,338,517 (389,567) 6,392,570 (834,735) CLOs 1,862,608 (139,766) 636,014 (60,394) 2,498,622 (200,160) ABSs 1,610,876 (113,285) 832,635 (115,365) 2,443,511 (228,650) Total AFS fixed maturity securities in a continuous loss position $ 30,113,886 $ (4,017,293) $ 27,191,183 $ (7,588,946) $ 57,305,069 $ (11,606,239) 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 $841.0 million and $836.3 million as of March 31, 2023 and December 31, 2022, respectively. The single largest unrealized loss on AFS fixed maturity securities was $60.0 million and $60.4 million as of March 31, 2023 and December 31, 2022, respectively. Global Atlantic had 6,281 and 6,328 securities in an unrealized loss position as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023, AFS fixed maturity securities in an unrealized loss position for 12 months or more consisted of 4,797 debt securities. These debt securities primarily relate to Corporate, RMBS, and U.S. state, municipal and political subdivisions fixed maturity securities, which have depressed values due primarily to an increase in interest rates since the purchase of these securities. During the three months ended March 31, 2023, unrealized losses of $26.7 million were recognized in net income on these debt securities since as of March 31, 2023 there were specific securities that, as of the balance sheet date, Global Atlantic intended to sell or Global Atlantic believed it was more likely than not that it will be required to sell before recovery of their cost or amortized cost basis. As of March 31, 2022, no loss was recognized as Global Atlantic did not believe there were specific securities that, as of that date, it intended to, or would be required to sell before recovery. For securities with significant declines in value, individual security level analysis was performed utilizing underlying collateral default expectations, market data, and industry analyst reports. Mortgage and other loan receivables Mortgage and other loan receivables consist of the following: March 31, 2023 December 31, 2022 Commercial mortgage loans (1) $ 19,004,039 $ 18,830,780 Residential mortgage loans (1) 10,702,441 10,688,972 Consumer loans 4,970,378 5,228,534 Other loan receivables (2) 610,936 902,640 Total mortgage and other loan receivables 35,287,794 35,650,926 Allowance for credit losses (3) (589,100) (560,228) Total mortgage and other loan receivables, net of allowance for loan losses $ 34,698,694 $ 35,090,698 (1) Includes $773.9 million and $787.5 million of loans carried at fair value using the fair value option as of March 31, 2023 and December 31, 2022, respectively. The fair value option was elected for these loans for asset-liability matching purposes. These loans had unpaid principal balances of $864.4 million and $871.2 million as of March 31, 2023 and December 31, 2022, respectively. (2) As of March 31, 2023 and December 31, 2022, other loan receivables consisted primarily of loans collateralized by aircraft of $272.8 million and $282.3 million, respectively. (3) Includes credit loss allowances on purchase-credit deteriorated mortgage and other loan receivables of $(108.6) million and $(106.2) million as of March 31, 2023 and December 31, 2022, respectively. The maturity distribution for residential and commercial mortgage loans was as follows as of March 31, 2023: Years Residential Commercial Total mortgage loans Remainder of 2023 $ 131,042 $ 1,512,742 $ 1,643,784 2024 447,388 2,164,157 2,611,545 2025 15,739 3,673,872 3,689,611 2026 929,252 3,578,371 4,507,623 2027 816,303 2,955,626 3,771,929 2028 131,774 1,396,277 1,528,051 2029 and thereafter 8,230,943 3,722,994 11,953,937 Total $ 10,702,441 $ 19,004,039 $ 29,706,480 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 March 31, 2023 December 31, 2022 Pacific $ 7,163,287 24.1 % $ 7,197,110 24.4 % West South Central 3,687,564 12.4 % 3,582,648 12.1 % South Atlantic 8,119,808 27.3 % 8,051,653 27.3 % Middle Atlantic 3,699,989 12.5 % 3,590,530 12.2 % East North Central 1,257,665 4.2 % 1,240,264 4.2 % Mountain 3,142,342 10.6 % 3,152,895 10.7 % New England 1,371,832 4.6 % 1,414,897 4.8 % East South Central 704,109 2.4 % 712,886 2.4 % West North Central 328,156 1.1 % 349,079 1.2 % Other regions 231,728 0.8 % 227,790 0.7 % Total by geographic region $ 29,706,480 100.0 % $ 29,519,752 100.0 % Mortgage loans – carrying value by property type March 31, 2023 December 31, 2022 Residential $ 10,702,441 36.0 % $ 10,688,972 36.2 % Office building 4,629,307 15.6 % 4,594,238 15.6 % Apartment 9,694,666 32.6 % 9,698,728 32.9 % Industrial 3,209,573 10.8 % 3,139,163 10.6 % Retail 572,748 1.9 % 630,455 2.1 % Other property types 689,834 2.3 % 582,479 2.0 % Warehouse 207,911 0.8 % 185,717 0.6 % Total by property type $ 29,706,480 100.0 % $ 29,519,752 100.0 % As of March 31, 2023 and December 31, 2022, Global Atlantic had $324.3 million and $192.3 million of mortgage loans that were 90 days or more past due or in the process of foreclosure, respectively, and have been classified as non-income producing. Global Atlantic ceases accrual of interest on loans that are more than 90 days past due and recognizes income as cash is received. 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 as of March 31, 2023 and December 31, 2022: By year of origination Performance status as of March 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial mortgage loans Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — Current $ 199,707 $ 6,164,880 $ 6,927,008 $ 777,073 $ 1,417,346 $ 3,414,703 $ 18,900,717 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — 90 days or more past due — — — — 103,322 — 103,322 Total commercial mortgage loans $ 199,707 $ 6,164,880 $ 6,927,008 $ 777,073 $ 1,520,668 $ 3,414,703 $ 19,004,039 Residential mortgage loans Current-period gross charge-offs $ — $ (246) $ (210) $ (46) $ (133) $ (1,058) $ (1,693) Current $ 117,738 $ 1,875,615 $ 4,711,601 $ 1,851,565 $ 255,925 $ 1,460,682 $ 10,273,126 30 to 59 days past due — 13,476 45,876 4,489 3,278 87,160 154,279 60 to 89 days past due — 6,582 15,333 1,515 3,411 27,193 54,034 90 days or more past due — 10,809 61,689 12,839 11,313 124,352 221,002 Total residential mortgage loans $ 117,738 $ 1,906,482 $ 4,834,499 $ 1,870,408 $ 273,927 $ 1,699,387 $ 10,702,441 Consumer loans Current-period gross charge-offs $ — $ (3,092) $ (18,826) $ (5,181) $ (3,165) $ (5,108) $ (35,372) Current $ 1,474 $ 522,779 $ 2,074,812 $ 809,837 $ 688,962 $ 747,937 $ 4,845,801 30 to 59 days past due — 4,642 30,435 5,933 4,608 13,359 58,977 60 to 89 days past due — 2,637 14,479 2,998 2,373 7,925 30,412 90 days or more past due — 3,374 14,613 5,840 4,799 6,562 35,188 Total consumer loans $ 1,474 $ 533,432 $ 2,134,339 $ 824,608 $ 700,742 $ 775,783 $ 4,970,378 Total mortgage and consumer loan receivables $ 318,919 $ 8,604,794 $ 13,895,846 $ 3,472,089 $ 2,495,337 $ 5,889,873 $ 34,676,858 By year of origination Performance status as of December 31, 2022 2022 2021 2020 2019 2018 Prior Total Commercial mortgage loans Current $ 6,081,261 $ 6,845,839 $ 809,254 $ 1,529,897 $ 1,260,593 $ 2,303,936 $ 18,830,780 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — 90 days or more past due — — — — — — — Total commercial mortgage loans $ 6,081,261 $ 6,845,839 $ 809,254 $ 1,529,897 $ 1,260,593 $ 2,303,936 $ 18,830,780 Residential mortgage loans Current $ 1,855,038 $ 4,802,333 $ 1,879,606 $ 264,050 $ 13,670 $ 1,485,244 $ 10,299,941 30 to 59 days past due 10,534 49,169 6,144 6,471 — 80,357 152,675 60 to 89 days past due 796 13,143 2,016 955 — 27,114 44,024 90 days or more past due 7,598 35,978 11,483 8,389 2,438 126,446 192,332 Total residential mortgage loans $ 1,873,966 $ 4,900,623 $ 1,899,249 $ 279,865 $ 16,108 $ 1,719,161 $ 10,688,972 Total mortgage loans $ 7,955,227 $ 11,746,462 $ 2,708,503 $ 1,809,762 $ 1,276,701 $ 4,023,097 $ 29,519,752 The following table represents the portfolio of consumer loan receivables by performance status: Performance status December 31, 2022 Consumer loans Current $ 5,113,507 30 to 59 days past due 62,742 60 to 89 days past due 31,371 90 days or more past due 20,914 Total consumer loans $ 5,228,534 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 Global Atlantic's loan-to-value ratios for its commercial mortgage loans as of March 31, 2023 and December 31, 2022: Loan-to-value as of March 31, 2023, 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 2023 $ 199,707 $ — $ — $ 199,707 2022 5,761,331 403,549 — 6,164,880 2021 5,047,465 1,758,632 120,911 6,927,008 2020 621,066 120,906 35,101 777,073 2019 1,230,676 186,670 103,322 1,520,668 2018 1,003,438 18,978 180,263 1,202,679 Prior 2,193,968 — 18,056 2,212,024 Total commercial mortgage loans $ 16,057,651 $ 2,488,735 $ 457,653 $ 19,004,039 Loan-to-value as of December 31, 2022, 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 2022 $ 5,677,763 $ 403,498 $ — $ 6,081,261 2021 4,971,346 1,758,748 115,745 6,845,839 2020 650,825 123,343 35,086 809,254 2019 1,211,523 215,050 103,324 1,529,897 2018 1,061,566 18,885 180,142 1,260,593 2017 699,144 — 18,160 717,304 Prior 1,586,632 — — 1,586,632 Total commercial mortgage loans $ 15,858,799 $ 2,519,524 $ 452,457 $ 18,830,780 Changing economic conditions affect Global Atlantic's 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 Global Atlantic's residential mortgage loans was 65% and 64% as of March 31, 2023 and December 31, 2022, respectively. Loan modifications Global Atlantic may modify the terms of a loan when the borrower is experiencing financial difficulties, as a means to optimize recovery of amounts due on the loan. Modifications may involve temporary relief, such as payment forbearance for a short period time (where interest continues to accrue) or may involve more substantive changes to a loan. Changes to the terms of a loan, pursuant to a modification agreement, are factored into the analysis of the loan’s expected credit losses, under the allowance model applicable to the loan. For commercial mortgage loans, modifications for borrowers experiencing financial difficulty are tailored for individual loans and may include interest rate relief, maturity extensions or, less frequently, principal forgiveness. For residential mortgage loans, the most common modifications for borrowers experiencing financial difficulty, aside from insignificant delays in payment, typically involve interest rate relief, deferral of missed payments to the end of the loan term, or maturity extensions. For consumer loans to borrowers experiencing financial difficulty, common modifications, aside from insignificant delays in payment, typically involve the deferral of a portion of the amount due until the loan’s maturity. The table below presents the carrying value of loans to borrowers experiencing financial difficulty, for which modifications have been granted during the period ended March 31, 2023. Carrying value as of March 31, 2023 by loan type Deferral of Amounts Due Interest Rate Relief Maturity Extension Combination (1) Total Percentage of total carrying value outstanding Commercial mortgage loans $ — $ — $ — $ 66,813 $ 66,813 0.35 % Residential mortgage loans 725 190 28,686 522 30,123 0.28 % Consumer loans 1,251 — — — 1,251 0.03 % Total $ 1,976 $ 190 $ 28,686 $ 67,335 $ 98,187 (1) Includes modifications involving deferral of amounts due, interest rate relief and/or maturity extension. The commercial mortgage loans that had a combination of modifications had both interest rate relief and maturity extensions. For these loans, the interest rate relief involved a change from a floating rate to a weighted average fixed rate of 5.5%. The maturity extensions for these loans added a weighted-average 1.0 years to the life of the loans. The table below presents the performance status of the loans modified during the period ended March 31, 2023. Performance status as of March 31, 2023 by loan type Current 30-59 days past due 60-89 days past due 90 days or more past due Total Commercial mortgage loans $ 66,813 $ — $ — $ — $ 66,813 Residential mortgage loans 21,016 5,213 2,910 984 30,123 Consumer loans 1,190 — 61 — 1,251 Total $ 89,019 $ 5,213 $ 2,971 $ 984 $ 98,187 Other investments Other investments consist of the following: March 31, 2023 December 31, 2022 Investments in real estate (1) $ 4,805,747 $ 4,641,429 Investments in renewable energy (2) 2,298,428 3,427,062 Investments in transportation and other leased assets (3) 2,868,789 2,821,602 Other investment partnerships 185,323 197,378 FHLB common stock and other investments 288,005 287,185 Total other investments $ 10,446,292 $ 11,374,656 (1) Investments in real estate are held in consolidated investment companies that use fair value accounting. (2) Net of accumulated depreciation attributed to consolidated renewable energy assets of $239.0 million and $229.7 million as of March 31, 2023 and December 31, 2022, respectively. (3) Net of accumulated depreciation of $259.7 million and $230.2 million as of March 31, 2023 and December 31, 2022, respectively. The total amount of other investments accounted for using the equity method of accounting was $1.1 billion as of both March 31, 2023 and December 31, 2022. 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 $20.5 million and $21.0 million as of March 31, 2023 and December 31, 2022, respectively. 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 $219.8 million and $264.9 million as of March 31, 2023 and December 31, 2022, respectively. Repurchase agreement transactions As of March 31, 2023 and December 31, 2022, Global Atlantic participated in repurchase agreements with a notional value of $312.2 million and $798.9 million, respectively. As collateral for these transactions, Global Atlantic may post AFS fixed maturity securities and residential mortgage loans, which are included in Insurance - Investments in the consolidated statements of financial condition. The gross obligation for repurchase agreements is reported in other liabilities in the consolidated statements of financial condition. The carrying value of assets pledged for repurchase agreements by type of collateral and remaining contractual maturity of the repurchase agreements as of March 31, 2023 and December 31, 2022 is presented in the following tables: As of March 31, 2023 Overnight <30 Days 30 - 90 Days > 90 Days Total AFS corporate securities $ — $ — $ — $ 326,681 $ 326,681 Residential mortgage loans — 1,605 — — 1,605 Total borrowing $ — $ 1,605 $ — $ 326,681 $ 328,286 As of December 31, 2022 Overnight <30 Days 30 - 90 Days > 90 Days Total AFS corporate securities $ — $ — $ 507,656 $ 325,912 $ 833,568 Total borrowing $ — $ — $ 507,656 $ 325,912 $ 833,568 Other pledges and restrictions Certain of Global Atlantic’s subsidiaries are members of regional banks in the Federal Home Loan Banks (FHLB) system and such membership requires the members to own stock in these FHLBs. Global Atlantic owns an aggregate of $129 million (accounted for at cost basis) of stock in FHLBs as of both March 31, 2023 and December 31, 2022. In addition, Global Atlantic’s operating insurance subsidiaries have entered into funding agreements with the FHLB, which require that Global Atlantic pledge eligible assets, such as fixed maturity securities and mortgage loans, as collateral. Assets pledged as collateral for these funding agreements had a carrying value of $3.7 billion and $3.6 billion as of March 31, 2023 and December 31, 2022, respectively. Insurance – statutory deposits As of March 31, 2023 and December 31, 2022, the carrying value of the assets on deposit with various state and U.S. governmental authorities were $149.0 million and $142.7 million, respectively.

DERIVATIVES

DERIVATIVES	3 Months Ended
DERIVATIVES	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES Asset Management 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 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 $250.4 million and $278.7 million as of March 31, 2023 and December 31, 2022, respectively. 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 and payable at interest in the consolidated statements of financial condition. Credit Risk Global Atlantic may be exposed to credit-related losses in the event of nonperformance by its counterparties to derivatives. Generally, the current credit exposure of the Global Atlantic’s derivatives is limited to the positive fair value of derivatives less any collateral received from the counterparty. Global Atlantic manages the credit risk on its derivatives by entering into derivative transactions with highly rated financial institutions and other creditworthy counterparties and, where feasible, by trading through central clearing counterparties. Global Atlantic further manages its credit risk on derivatives via the use of master netting agreements, which require the daily posting of collateral by the party in a liability position. Counterparty credit exposure and collateral values are monitored regularly and measured against counterparty exposure limits. The provisions of derivative transactions may allow for the termination and settlement of a transaction if there is a downgrade to Global Atlantic’s financial strength ratings below a specified level. The fair value and notional value of the derivative assets and liabilities were as follows: As of March 31, 2023 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 11,590,982 $ 573,820 $ 276,405 Other Derivatives 163,352 17,404 6,117 Total Asset Management $ 11,754,334 $ 591,224 $ 282,522 Insurance Derivatives designated as hedge accounting instruments: Interest rate contracts $ 8,063,500 $ 6,544 $ 590,222 Foreign currency contracts 2,108,725 34,604 41,315 Total derivatives designated as hedge accounting instruments $ 10,172,225 $ 41,148 $ 631,537 Derivatives not designated as hedge accounting instruments: Interest rate contracts $ 14,689,159 $ 225,297 $ 127,700 Equity market contracts 34,079,321 900,174 169,580 Foreign currency contracts 648,557 83,374 32,826 Credit risk contracts 60,000 — 851 Total derivatives not designated as hedge accounting instruments $ 49,477,037 $ 1,208,845 $ 330,957 Impact of netting (2) $ — $ (344,226) $ (344,226) Total Insurance (1) $ 59,649,262 $ 905,767 $ 618,268 Fair value included within total assets and liabilities $ 71,403,596 $ 1,496,991 $ 900,790 (1) Excludes embedded derivatives. The fair value of these embedded derivatives in an asset position was $(18.0) million and the fair value of these embedded derivatives in a liability position was $(281.7) million as of March 31, 2023. (2) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2022 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 16,144,795 $ 668,716 $ 406,746 Other Derivatives 125,000 7,519 11,018 Total Asset Management $ 16,269,795 $ 676,235 $ 417,764 Insurance Derivatives designated as hedge accounting instruments: Interest rate contracts $ 6,999,000 $ — $ 695,296 Foreign currency contracts 2,021,061 42,557 44,238 Total derivatives designated as hedge accounting instruments $ 9,020,061 $ 42,557 $ 739,534 Derivatives not designated as hedge accounting instruments: Interest rate contracts $ 8,700,253 $ 182,734 $ 267,033 Equity market contracts 34,889,122 626,391 91,344 Foreign currency contracts 675,390 84,883 47,442 Credit risk contracts 60,000 — 929 Total derivatives not designated as hedge accounting instruments $ 44,324,765 $ 894,008 $ 406,748 Impact of netting (2) $ — $ (212,175) $ (212,175) Total Insurance (1) $ 53,344,826 $ 724,390 $ 934,107 Fair value included within total assets and liabilities $ 69,614,621 $ 1,400,625 $ 1,351,871 (1) Excludes embedded derivatives. The fair value of these embedded derivatives in an asset position was $12.8 million and the fair value of these embedded derivatives in a liability position was $(1.3) billion as of December 31, 2022. (2) Represents netting of derivative exposures covered by qualifying master netting agreements. 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 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, both of which are recognized within investment-related (losses) gains. 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. Global Atlantic has designated interest rate swaps to hedge the interest rate risk associated with certain debt and policy liabilities. These fair value hedges qualify for the shortcut method of assessing hedge effectiveness. The following table presents the financial statement classification, carrying amount and cumulative fair value hedging adjustments for qualifying hedged assets and liabilities: As of March 31, 2023 As of December 31, 2022 Carrying amount of hedged assets/(liabilities) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities) (1) Carrying amount of hedged assets/(liabilities) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities) (1) AFS fixed maturity securities (2) $ 2,037,271 $ 29,624 $ 2,010,748 $ (61,785) Debt 975,672 (167,868) 945,873 (201,603) Policy liabilities (6,155,007) (349,127) (5,670,884) (435,494) (1) Includes $46.3 million and $53.1 million of hedging adjustments on discontinued hedging relationships as of March 31, 2023 and December 31, 2022, respectively. (2) Carrying amount is the amortized cost for AFS debt securities. 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. These arrangements are hedging purchases from July 2021 through December 2027 and are expected to affect earnings until 2052. Regression analysis is used to assess the effectiveness of these hedges. As of March 31, 2023 and December 31, 2022, there was a cumulative (loss) gain of $(111.9) million and $(169.8) million on the currently designated bond forwards recorded in accumulated other comprehensive loss, respectively. Amounts deferred in accumulated other comprehensive loss 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. Global Atlantic estimates that the amount of gains/losses in accumulated other comprehensive loss to be reclassified into earnings in the next 12 months will not be material. Derivative results The following table presents the financial statement classification and amount of gains (losses) recognized on derivative instruments and related hedged items, where applicable: Three Months Ended March 31, 2023 Net investment-related gains (losses) Net investment income Net policy benefits and claims Interest expense Change in AOCI Derivatives designated as hedge accounting instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest rate contracts $ — $ — $ 34,557 $ 20,104 $ — Foreign currency contracts (35,388) — — — 9,280 Total gains (losses) on derivatives designated as hedge instruments $ (35,388) $ — $ 34,557 $ 20,104 $ 9,280 Gains (losses) on hedged items: Interest rate contracts $ — $ — $ (34,557) $ (20,104) $ — Foreign currency contracts 29,624 — — — — Total gains (losses) on hedged items $ 29,624 $ — $ (34,557) $ (20,104) $ — Amortization for gains (losses) excluded from assessment of effectiveness: Foreign currency contracts $ 6,826 $ — $ — $ — $ — Total amortization for gains (losses) excluded from assessment of effectiveness 6,826 — — — — Total gains (losses) on fair value hedges, net of hedged items $ 1,062 $ — $ — $ — $ 9,280 Cash flow hedges Interest rate contracts $ (268) $ — $ — $ — $ 57,920 Total gains (losses) on cash flow hedges $ (268) $ — $ — $ — $ 57,920 Derivatives not designated as hedge accounting instruments: Asset Management Foreign Exchange Contracts and Options $ (22,366) $ — $ — $ — $ — Other Derivatives 12,208 — — — — Total included in Net Gains (Losses) from Investment Activities $ (10,158) $ — $ — $ — $ — Insurance Embedded derivatives - funds withheld receivable $ (30,767) $ — $ — $ — $ — Embedded derivatives - funds withheld payable (430,235) — — — — Equity index options 83,887 — — — — Equity future contracts (40,825) — — — — Interest rate contracts and other contracts 68,996 — — — — Credit risk contracts (75) — — — — Total gains (losses) on derivatives not designated as hedge accounting instruments from Insurance Activities $ (349,019) $ — $ — $ — $ — Total $ (358,383) $ — $ — $ — $ 67,200 Three Months Ended March 31, 2022 Net investment-related gains (losses) Net investment income Net policy benefits and claims Interest expense Change in AOCI Derivatives designated as hedge accounting instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest rate contracts $ — $ — $ (121,374) $ (70,000) $ — Foreign currency contracts 40,742 — — — 18,318 Total gains (losses) on derivatives designated as hedge instruments $ 40,742 $ — $ (121,374) $ (70,000) $ 18,318 Gains (losses) on hedged items: Interest rate contracts $ — $ — $ 121,374 $ 70,000 $ — Foreign currency contracts (35,932) — — — — Total gains (losses) on hedged items $ (35,932) $ — $ 121,374 $ 70,000 $ — Amortization for gains (losses) excluded from assessment of effectiveness: Foreign currency contracts $ 3,544 $ — $ — $ — $ — Total amortization for gains (losses) excluded from assessment of effectiveness $ 3,544 $ — $ — $ — $ — Total gains (losses) on fair value hedges, net of hedged items $ 8,354 $ — $ — $ — $ 18,318 Cash flow hedges Interest rate contracts $ 203 $ — $ — $ — $ (48,064) Total gains (losses) on cash flow hedges $ 203 $ — $ — $ — $ (48,064) Derivatives not designated as hedge accounting instruments: Asset Management Foreign Exchange Contracts and Options $ (56,117) $ — $ — $ — $ — Other Derivatives 8,132 — — — — Total included in Net Gains (Losses) from Investment Activities $ (47,985) $ — $ — $ — $ — Insurance Embedded derivatives - funds withheld receivable $ (33,980) $ — $ — $ — $ — Embedded derivatives - funds withheld payable 1,180,435 — — — — Equity index options (223,366) — — — — Equity future contracts 79,796 — — — — Interest rate contracts and other contracts (150,176) — — — — Credit risk contracts (1,532) — — — — Total gains (losses) on derivatives not qualifying as hedge accounting instruments from Insurance Activities $ 851,177 $ — $ — $ — $ — Total $ 811,749 $ — $ — $ — $ (29,746) Collateral The amount of Global Atlantic's net derivative assets and liabilities after consideration of collateral received or pledged were as follows: As of March 31, 2023 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,249,993 $ (344,226) $ 905,767 $ (644,591) $ 261,176 Derivative liabilities (excluding embedded derivatives) $ 962,494 $ (344,226) $ 618,268 $ 371,856 $ 246,412 (1) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2022 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 936,565 $ (212,175) $ 724,390 $ (466,371) $ 258,019 Derivative liabilities (excluding embedded derivatives) $ 1,146,282 $ (212,175) $ 934,107 $ 366,508 $ 567,599 (1) Represents netting of derivative exposures covered by qualifying master netting agreements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2023
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: March 31, 2023 Level I Level II Level III Total Asset Management Private Equity $ 1,199,178 $ 65,526 $ 26,189,501 $ 27,454,205 Credit 287,728 2,107,625 5,902,578 8,297,931 Investments of Consolidated CFEs — 24,013,221 — 24,013,221 Real Assets — 907,623 18,946,851 19,854,474 Equity Method - Other 408,987 983,614 1,602,694 2,995,295 Other Investments 256,140 87,107 3,738,446 4,081,693 Total Investments $ 2,152,033 $ 28,164,716 $ 56,380,070 $ 86,696,819 Foreign Exchange Contracts and Options — 573,820 — 573,820 Other Derivatives — 17,404 — 17,404 Total Assets at Fair Value - Asset Management $ 2,152,033 $ 28,755,940 $ 56,380,070 $ 87,288,043 Insurance AFS fixed maturity securities: U.S. government and agencies $ 290,343 $ 88,183 $ — $ 378,526 U.S. state, municipal and political subdivisions — 4,568,224 — 4,568,224 Corporate — 31,939,768 8,294,423 40,234,191 Structured securities — 20,877,017 1,770,785 22,647,802 Total AFS fixed maturity securities $ 290,343 $ 57,473,192 $ 10,065,208 $ 67,828,743 Trading fixed maturity securities: U.S. government and agencies $ 254,678 $ 63,165 $ — $ 317,843 U.S. state, municipal and political subdivisions — 622,337 — 622,337 Corporate — 7,489,952 631,870 8,121,822 Structured securities — 3,031,798 661,565 3,693,363 Total trading fixed maturity securities $ 254,678 $ 11,207,252 $ 1,293,435 $ 12,755,365 Equity securities 2,229 — 15,311 17,540 Mortgage and other loan receivables — — 773,917 773,917 Other investments (1) — — 5,009,113 5,009,113 Funds withheld receivable at interest — — (17,982) (17,982) Reinsurance recoverable — — 1,010,602 1,010,602 Derivative assets: Equity market contracts 12,439 887,735 — 900,174 Interest rate contracts 26,775 205,066 — 231,841 Foreign currency contracts — 117,978 — 117,978 Impact of netting (2) (60,383) (283,843) — (344,226) Total derivative assets $ (21,169) $ 926,936 $ — $ 905,767 Separate account assets 4,164,803 — — 4,164,803 Total Assets at Fair Value - Insurance $ 4,690,884 $ 69,607,380 $ 18,149,604 $ 92,447,868 Total Assets at Fair Value $ 6,842,917 $ 98,363,320 $ 74,529,674 $ 179,735,911 December 31, 2022 Level I Level II Level III Total Asset Management Private Equity $ 1,057,025 $ 213,706 $ 25,336,957 $ 26,607,688 Credit 187,504 1,830,862 5,786,026 7,804,392 Investments of Consolidated CFEs — 22,492,366 — 22,492,366 Real Assets — 961,254 17,015,112 17,976,366 Equity Method - Other 435,315 883,652 1,624,420 2,943,387 Other Investments 395,972 63,060 3,334,366 3,793,398 Total Investments $ 2,075,816 $ 26,444,900 $ 53,096,881 $ 81,617,597 Foreign Exchange Contracts and Options — 668,716 — 668,716 Other Derivatives 9 7,510 — 7,519 Total Assets at Fair Value - Asset Management $ 2,075,825 $ 27,121,126 $ 53,096,881 $ 82,293,832 Insurance AFS fixed maturity securities: U.S. government and agencies $ 283,402 $ 83,339 $ — $ 366,741 U.S. state, municipal and political subdivisions — 4,410,960 — 4,410,960 Corporate — 28,006,275 8,310,657 36,316,932 Structured securities — 19,425,455 1,419,441 20,844,896 Total AFS fixed maturity securities $ 283,402 $ 51,926,029 $ 9,730,098 $ 61,939,529 Trading fixed maturity securities: U.S. government and agencies $ 93,697 $ 59,940 $ — $ 153,637 U.S. state, municipal and political subdivisions — 705,836 — 705,836 Corporate — 7,218,354 672,023 7,890,377 Structured securities — 2,645,186 643,811 3,288,997 Total trading fixed maturity securities $ 93,697 $ 10,629,316 $ 1,315,834 $ 12,038,847 Equity securities 2,213 — 16,286 18,499 Mortgage and other loan receivables — — 787,515 787,515 Other investments (1) — — 4,883,441 4,883,441 Funds withheld receivable at interest — — 12,785 12,785 Reinsurance recoverable — — 981,775 981,775 Derivative assets: Equity market contracts 31,025 595,366 — 626,391 Interest rate contracts 4,856 177,878 — 182,734 Foreign currency contracts — 127,440 — 127,440 Impact of netting (2) (7,079) (205,096) — (212,175) Total derivative assets $ 28,802 $ 695,588 $ — $ 724,390 Separate account assets 4,130,794 — — 4,130,794 Total Assets at Fair Value - Insurance $ 4,538,908 $ 63,250,933 $ 17,727,734 $ 85,517,575 Total Assets at Fair Value $ 6,614,733 $ 90,372,059 $ 70,824,615 $ 167,811,407 (1) 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 March 31, 2023 and December 31, 2022, the fair value of these investments was $139.1 million and $148.9 million, respectively. (2) Represents netting of derivative exposures covered by qualifying master netting agreements. Liabilities, at fair value: March 31, 2023 Level I Level II Level III Total Asset Management Securities Sold Short $ 100,861 $ — $ — $ 100,861 Foreign Exchange Contracts and Options — 276,405 — 276,405 Unfunded Revolver Commitments — — 112,534 (1) 112,534 Other Derivatives 63 6,054 — 6,117 Debt Obligations of Consolidated CFEs — 23,804,584 — 23,804,584 Total Liabilities at Fair Value - Asset Management $ 100,924 $ 24,087,043 $ 112,534 $ 24,300,501 Insurance Policy liabilities (3) (including market risk benefits) $ — $ — $ 1,133,779 $ 1,133,779 Closed block policy liabilities — — 1,046,458 1,046,458 Funds withheld payable at interest — — (3,057,531) (3,057,531) Derivative instruments payable: Equity market contracts 40,810 128,770 — 169,580 Interest rate contracts 23,783 694,139 — 717,922 Foreign currency contracts — 74,141 — 74,141 Credit contracts — 851 — 851 Impact of netting (2) (60,383) (283,843) — (344,226) Total derivative instruments payable 4,210 614,058 — 618,268 Embedded derivative – interest-sensitive life products — — 373,391 373,391 Embedded derivative – annuity products — — 2,402,427 2,402,427 Total Liabilities at Fair Value - Insurance $ 4,210 $ 614,058 $ 1,898,524 $ 2,516,792 Total Liabilities at Fair Value $ 105,134 $ 24,701,101 $ 2,011,058 $ 26,817,293 December 31, 2022 Level I Level II Level III Total Asset Management Securities Sold Short $ 158,751 $ — $ — $ 158,751 Foreign Exchange Contracts and Options — 406,746 — 406,746 Unfunded Revolver Commitments — — 137,315 (1) 137,315 Other Derivatives — 11,018 — 11,018 Debt Obligations of Consolidated CFEs — 22,273,242 — 22,273,242 Total Liabilities at Fair Value - Asset Management $ 158,751 $ 22,691,006 $ 137,315 $ 22,987,072 Insurance Policy liabilities (3) (including market risk benefits) $ — $ — $ 1,063,496 $ 1,063,496 Closed block policy liabilities — — 1,016,313 1,016,313 Funds withheld payable at interest — — (3,487,766) (3,487,766) Derivative instruments payable: Equity market contracts 2,692 88,652 — 91,344 Interest rate contracts 9,693 952,636 — 962,329 Foreign currency contracts — 91,680 — 91,680 Credit contracts — 929 — 929 Impact of netting (2) (7,079) (205,096) — (212,175) Total derivative instruments payable 5,306 928,801 — 934,107 Embedded derivative – interest-sensitive life products — — 337,860 337,860 Embedded derivative – annuity products — — 1,851,381 1,851,381 Total Liabilities at Fair Value - Insurance $ 5,306 $ 928,801 $ 781,284 $ 1,715,391 Total Liabilities at Fair Value $ 164,057 $ 23,619,807 $ 918,599 $ 24,702,463 (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. (3) Includes market risk benefit of $764.4 million and $682.0 million, respectively. 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 three months ended March 31, 2023 and 2022, respectively. Three Months Ended March 31, 2023 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation 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 $ 25,336,957 $ — $ — $ — $ 933,427 $ (80,883) $ — $ 26,189,501 $ (82,903) $ — Credit 5,786,026 — 17,628 (23,758) 76,332 46,350 — 5,902,578 44,069 — Real Assets 17,015,112 — — — 2,215,040 (283,301) — 18,946,851 (288,639) — Equity Method - Other 1,624,420 — — — 5,644 (27,370) — 1,602,694 (23,357) — Other Investments 3,334,366 — — (22,376) 511,252 (84,796) — 3,738,446 (92,618) — Other Derivatives — — — — 2,153 (2,153) — — — — Total Assets - Asset Management $ 53,096,881 $ — $ 17,628 $ (46,134) $ 3,743,848 $ (432,153) $ — $ 56,380,070 $ (443,448) $ — Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 8,310,657 $ — $ — $ — $ (66,084) $ 21,265 $ 28,585 $ 8,294,423 $ — $ 19,326 Structured securities 1,419,441 — 170,775 (3,374) 154,983 (4,139) 33,099 1,770,785 — 32,822 Total AFS fixed maturity securities 9,730,098 — 170,775 (3,374) 88,899 17,126 61,684 10,065,208 — 52,148 Trading fixed maturity securities: Corporate fixed maturity securities 672,023 — — — (27,893) (12,260) — 631,870 (11,841) — Structured securities 643,811 — 5,890 (6,747) 14,017 4,594 — 661,565 6,060 — Total trading fixed maturity securities 1,315,834 — 5,890 (6,747) (13,876) (7,666) — 1,293,435 (5,781) — Equity securities 16,286 — — — — (975) — 15,311 (975) — Mortgage and other loan receivables 787,515 — — — (10,560) (3,038) — 773,917 (2,165) — Other investments 4,883,441 — — — 110,942 14,730 — 5,009,113 24,546 — Funds withheld receivable at interest 12,785 — — — — (30,767) — (17,982) — — Reinsurance recoverable 981,775 — — — (10,654) 39,481 — 1,010,602 — — Total Assets - Insurance $ 17,727,734 $ — $ 176,665 $ (10,121) $ 164,751 $ 28,891 $ 61,684 $ 18,149,604 $ 15,625 $ 52,148 Total $ 70,824,615 $ — $ 194,293 $ (56,255) $ 3,908,599 $ (403,262) $ 61,684 $ 74,529,674 $ (427,823) $ 52,148 Three Months Ended March 31, 2022 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 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 $ 23,322,634 $ — $ — $ (138,220) $ 680,792 $ 133,810 $ — $ 23,999,016 $ 18,304 $ — Credit 5,826,661 — — — (383,841) (126,598) (1,369) 5,314,853 (58,683) (1,369) Real Assets 11,389,530 — — — 1,008,641 893,952 — 13,292,123 864,586 — Equity Method - Other 1,013,807 — — — 40,182 (69,085) — 984,904 (71,310) — Other Investments 3,240,013 — — — (86,258) (18,829) — 3,134,926 (14,995) — Other Derivatives 479 — — — 11,284 (11,058) — 705 (11,058) — Total Assets - Asset Management $ 44,793,124 $ — $ — $ (138,220) $ 1,270,800 $ 802,192 $ (1,369) $ 46,726,527 $ 726,844 $ (1,369) Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 7,650,660 $ — $ — $ — $ 391,605 $ 1,275 $ (73,345) $ 7,970,195 $ — $ (46,123) Structured securities 828,401 — 343,338 — 228,734 (3,409) (14,525) 1,382,539 — (20,703) Total AFS fixed maturity securities 8,479,061 — 343,338 — 620,339 (2,134) (87,870) 9,352,734 — (66,826) Trading fixed maturity securities: Corporate fixed maturity securities 565,025 — — (31,407) 182,432 (10,365) — 705,685 (11,116) — Structured securities 418,774 — 98,307 (21,745) 144,203 (8,960) — 630,579 (10,412) — Total trading fixed maturity securities 983,799 — 98,307 (53,152) 326,635 (19,325) — 1,336,264 (21,528) — Equity securities 32,937 — — — — — — 32,937 20,292 — Mortgage and other loan receivables 832,674 — — — 203,197 (27,965) — 1,007,906 (9,559) — Other investments 1,603,345 — — — 1,920,480 96,361 — 3,620,186 108,587 — Funds withheld receivable at interest 31,740 — — — 10,435 (33,979) — 8,196 — — Reinsurance recoverable 1,293,791 — — — (14,375) (47,459) — 1,231,957 — — Total Assets - Insurance $ 13,257,347 $ — $ 441,645 $ (53,152) $ 3,066,711 $ (34,501) $ (87,870) $ 16,590,180 $ 97,792 $ (66,826) Total $ 58,050,471 $ — $ 441,645 $ (191,372) $ 4,337,511 $ 767,691 $ (89,239) $ 63,316,707 $ 824,636 $ (68,195) Three Months Ended March 31, 2023 Purchases Issuances Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 955,937 $ — $ (22,510) $ — $ 933,427 Credit 440,733 — (278,981) (85,420) 76,332 Real Assets 2,291,691 — (75,612) (1,039) 2,215,040 Equity Method - Other 6,472 — (828) — 5,644 Other Investments 592,177 — (16,016) (64,909) 511,252 Other Derivatives 2,153 — — — 2,153 Total Assets - Asset Management $ 4,289,163 $ — $ (393,947) $ (151,368) $ 3,743,848 Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 235,382 $ — $ (588) $ (300,878) $ (66,084) Structured securities 176,819 — — (21,836) 154,983 Total AFS fixed maturity securities 412,201 — (588) (322,714) 88,899 Trading fixed maturity securities: Corporate fixed maturity securities 7,717 — (1,000) (34,610) (27,893) Structured securities 24,650 — (694) (9,939) 14,017 Total trading fixed maturity securities 32,367 — (1,694) (44,549) (13,876) Mortgage and other loan receivables 377 — (3,078) (7,859) (10,560) Other investments 118,394 — (7,452) — 110,942 Reinsurance recoverable — — — (10,654) (10,654) Total Assets - Insurance $ 563,339 $ — $ (12,812) $ (385,776) $ 164,751 Total $ 4,852,502 $ — $ (406,759) $ (537,144) $ 3,908,599 Three Months Ended March 31, 2022 Purchases Issuances Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 904,261 $ — $ (223,469) $ — $ 680,792 Credit 519,351 — (885,330) (17,862) (383,841) Real Assets 1,510,787 — (502,146) — 1,008,641 Equity Method - Other 41,819 — (1,637) — 40,182 Other Investments 161,876 — (248,134) — (86,258) Other Derivatives 11,284 — — — 11,284 Total Assets - Asset Management $ 3,149,378 $ — $ (1,860,716) $ (17,862) $ 1,270,800 Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 924,672 $ — $ (58,392) $ (474,675) $ 391,605 Structured securities 231,916 — — (3,182) 228,734 Total AFS fixed maturity securities 1,156,588 — (58,392) (477,857) 620,339 Trading fixed maturity securities: Corporate fixed maturity securities 189,017 — — (6,585) 182,432 Structured securities 155,253 — — (11,050) 144,203 Total trading fixed maturity securities 344,270 — — (17,635) 326,635 Mortgage and other loan receivables 220,225 — — (17,028) 203,197 Other investments 1,920,480 — — — 1,920,480 Funds withheld receivable at interest — 10,435 — — 10,435 Reinsurance recoverable — — — (14,375) (14,375) Total Assets - Insurance $ 3,641,563 $ 10,435 $ (58,392) $ (526,895) $ 3,066,711 Total $ 6,790,941 $ 10,435 $ (1,919,108) $ (544,757) $ 4,337,511 Three Months Ended March 31, 2023 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 $ 137,315 $ — $ — $ — $ — $ (24,781) $ — $ 112,534 $ (24,781) Total Liabilities - Asset Management $ 137,315 $ — $ — $ — $ — $ (24,781) $ — $ 112,534 $ (24,781) Insurance Policy liabilities $ 1,063,496 $ — $ — $ — $ (865) $ 123,163 $ (52,015) $ 1,133,779 $ — Closed block policy liabilities 1,016,313 — — — (5,862) 37,258 (1,251) 1,046,458 — Funds withheld payable at interest (3,487,766) — — — — 430,235 — (3,057,531) — Embedded derivative – interest-sensitive life products 337,860 — — — (2,948) 38,479 — 373,391 — Embedded derivative – annuity products 1,851,381 — — — 349,482 201,564 — 2,402,427 — Total Liabilities - Insurance $ 781,284 $ — $ — $ — $ 339,807 $ 830,699 $ (53,266) $ 1,898,524 $ — Total $ 918,599 $ — $ — $ — $ 339,807 $ 805,918 $ (53,266) $ 2,011,058 $ (24,781) Three Months Ended March 31, 2022 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 $ 64,276 $ — $ — $ — $ — $ 280 $ — $ 64,556 $ 280 Total Liabilities - Asset Management $ 64,276 $ — $ — $ — $ — $ 280 $ — $ 64,556 $ 280 Insurance Policy liabilities $ 1,962,855 $ — $ — $ — $ 41,704 $ (248,431) $ (172,600) $ 1,583,528 $ — Closed block policy liabilities 1,350,224 — — — (81,101) (2,992) 3,860 1,269,991 — Funds withheld payable at interest (49,491) — — — 10,435 (1,180,435) — (1,219,491) — Embedded derivative – interest-sensitive life products 557,276 — — — 6,732 (51,993) — 512,015 — Embedded derivative – annuity products 1,864,409 — — — 95,901 (247,083) — 1,713,227 — Total Liabilities - Insurance $ 5,685,273 $ — $ — $ — $ 73,671 $ (1,730,934) $ (168,740) $ 3,859,270 $ — Total $ 5,749,549 $ — $ — $ — $ 73,671 $ (1,730,654) $ (168,740) $ 3,923,826 $ 280 Three Months Ended March 31, 2023 Issuances Sales Settlements Net Issuances/Settlements Liabilities Asset Management Unfunded Revolver Commitments $ — $ — $ — $ — Total Liabilities - Asset Management $ — $ — $ — $ — Insurance Policy liabilities $ (45) $ — $ (820) $ (865) Closed block policy liabilities — — (5,862) (5,862) Embedded derivative – interest-sensitive life products — — (2,948) (2,948) Embedded derivative – annuity products 368,898 — (19,416) 349,482 Total Liabilities - Insurance $ 368,853 $ — $ (29,046) $ 339,807 Total $ 368,853 $ — $ (29,046) $ 339,807 Three Months Ended March 31, 2022 Issuances Sales Settlements Net Issuances/Settlements Liabilities Asset Management Unfunded Revolver Commitments $ — $ — $ — $ — Total Liabilities - Asset Management $ — $ — $ — $ — Insurance Policy liabilities $ 42,370 $ — $ (666) $ 41,704 Closed block policy liabilities — — (81,101) (81,101) Funds withheld payable at interest 10,435 — — 10,435 Embedded derivative – interest-sensitive life products 6,808 — (76) 6,732 Embedded derivative – annuity products 104,981 — (9,080) 95,901 Total Liabilities - Insurance $ 164,594 $ — $ (90,923) $ 73,671 Total $ 164,594 $ — $ (90,923) $ 73,671 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 March 31, 2023. 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 March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Private Equity $ 26,189,501 Private Equity $ 23,621,124 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.4% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 27.5% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 65.0% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 7.5% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 17.5x 8.1x - 50.9x Increase Enterprise Value/Forward EBITDA Multiple 15.7x 7.8x - 33.2x Increase Discounted cash flow Weighted Average Cost of Capital 10.3% 6.7% - 13.9% Decrease Enterprise Value/LTM EBITDA Exit Multiple 14.4x 6.0x - 27.6x Increase Level III Assets Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Growth Equity $ 2,568,377 Inputs to market comparables, discounted cash flow and milestones Illiquidity Discount 9.0% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 34.3% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 0.9% 0.0% - 40.0% (5) Weight Ascribed to Milestones 64.8% 0.0% - 100.0% (6) Scenario Weighting Base 75.8% 70.0% - 80.0% Increase Downside 6.2% 0.0% - 15.0% Decrease Upside 18.0% 10.0% - 25.0% Increase Credit $ 5,902,578 Yield Analysis Yield 11.7% 5.0% - 20.8% Decrease Net Leverage 6.1x 0.2x - 16.9x Decrease EBITDA Multiple 12.5x 0.3x - 33.0x Increase Real Assets $ 18,946,851 Energy $ 1,599,676 Inputs to market comparables, discounted cash flow and transaction price Weight Ascribed to Market Comparables 41.8% 0.0% - 50.0% (4) Weight Ascribed to Discounted Cash Flow 57.4% 5.0% - 100.0% (5) Weight Ascribed to Transaction Price 0.8% 0.0% - 90.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 3.4x 3.4x - 3.4x Increase Enterprise Value/Forward EBITDA Multiple 6.1x 4.0x- 7.0x Increase Discounted cash flow Weighted Average Cost of Capital 12.1% 10.1% - 12.3% Decrease Average Price Per BOE (8) $51.31 $48.23 - $56.88 Increase Infrastructure $ 9,408,267 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 5.6% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 1.1% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 65.8% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 33.1% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 10.7x 10.7x - 10.7x Increase Enterprise Value/Forward EBITDA Multiple 14.3x 10.5x - 19.9x Increase Discounted cash flow Weighted Average Cost of Capital 7.7% 5.1% - 9.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 16.9x 10.0x - 22.0x Increase Real Estate $ 7,938,908 Inputs to direct income capitalization, discounted cash flow and transaction price Weight Ascribed to Direct Income Capitalization 23.6% 0.0% - 100.0% (7) Weight Ascribed to Discounted Cash Flow 73.1% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 3.3% 0.0% - 100.0% (6) Direct income capitalization Current Capitalization Rate 5.1% 2.3% - 8.1% Decrease Discounted cash flow Unlevered Discount Rate 6.8% 2.6% - 18.0% Decrease Equity Method - Other $ 1,602,694 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.6% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 49.5% 10.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 32.7% 0.0% - 50.0% (5) Weight Ascribed to Transaction Price 17.8% 0.0% - 80.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 14.2x 10.9x - 20.0x Increase Enterprise Value/Forward EBITDA Multiple 12.5x 9.6x - 19.2x Increase Discounted cash flow Weighted Average Cost of Capital 10.5% 7.3% - 16.5% Decrease Enterprise Value/LTM EBITDA Exit Multiple 10.9x 9.5x - 15.0x Increase Other Investments $ 3,738,446 (9) Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 8.4% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 14.8% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 46.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 38.5% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 10.9x 6.5x - 23.0x Increase Enterprise Value/Forward EBITDA Multiple 13.6x 6.3x - 19.1x Increase Discounted cash flow Weighted Average Cost of Capital 11.2% 8.1% - 44.2% Decrease Enterprise Value/LTM EBITDA Exit Multiple 12.1x 8.5x - 15.0x Increase Level III Assets Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) INSURANCE Corporate fixed maturity securities $ 1,669,694 Discounted cash flow Discount Spread 3.19% 0.65% - 5.30% Decrease Structured securities $ 92,067 Discounted cash flow Discount Spread 3.63% 3.08% - 6.82% Decrease Constant Prepayment Rate 7.02% 5.00% - 15.00% Increase/Decrease Constant Default Rate 1.19% 1.00% - 2.50% Decrease Loss Severity 100% Decrease Other investments $ 4,805,747 Discounted cash flow Vacancy rate 2.95% 0.00% - 5.00% Decrease Discount rate 7.59% 5.75% - 8.00% Decrease Terminal capitalization rate 5.94% 4.50% - 6.59% Decrease Funds withheld receivable at interest $ (17,982) Discounted cash flow Duration/Weighted Average Life 8.35 years 0.0 years - 19.7 years Increase Contractholder Persistency 6.80% 3.60% - 16.80% Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% Decrease Reinsurance recoverable $ 1,010,602 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption $17.2 The average expense assumption is between $8.23 and $78.00 per policy, increased by inflation. The annual inflation rate was increased by 2.50%. 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 9.7% 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 5.46% Increase Surrender Rate 2.01% 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 86% liquids and 14% 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 March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Unfunded Revolver Commitments $ 112,534 Yield Analysis Yield 16.1% 9.2% - 61.3% Decrease INSURANCE Policy liabilities $ 1,133,779 Policy liabilities under fair value option: 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 1.48% 0.92% - 2.23% Decrease Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. Surrender Rate 6.03% 3.55% - 7.05% Decrease Mortality Rate 4.43% 3.52% - 9.04% Increase Market risk benefit: Fair value using a non-option and option valuation approach Interest rates (10 and 30 year Treasury) 3.48% / 3.67% Decrease Instrument-specific credit risk (10 and 30 year) 1.58% / 1.74% Decrease Policyholder behavior is also a significant unobservable input, including lapse, surrender, and mortality. Mortality Rate 2.10% 0.60% - 22.30% Increase Lapse Rate 3.10% 0.40% - 40.40% Increase Closed block policy liabilities $ 1,046,458 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption $17.2 The average expense assumption is between $8.23 and $78.00 per policy, increased by inflation. The annual inflation rate was increased by 2.50%. Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% 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 9.7% 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 5.46% Increase Surrender Rate 2.01% Increase Funds withheld payable at interest $ (3,057,531) Discounted cash flow Duration/Weighted Average Life 8.35 years 0.0 years - 16.85 years Decrease Contractholder Persistency 6.80% 3.60% - 16.80% Decrease Level III Liabilities Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Instrument-specific credit risk 1.63% 0.92% - 1.74% Decrease E

FAIR VALUE OPTION

FAIR VALUE OPTION	3 Months Ended
FAIR VALUE OPTION	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 Assets Asset Management Credit $ 977,190 $ 1,121,775 Investments of Consolidated CFEs 24,013,221 22,492,366 Real Assets 194,451 202,153 Equity Method - Other 2,995,295 2,943,387 Other Investments 87,215 88,046 Total Asset Management $ 28,267,372 $ 26,847,727 Insurance Mortgage and other loan receivables $ 773,917 $ 787,515 Other investments 288,208 335,168 Reinsurance recoverable 1,010,602 981,775 Total Insurance $ 2,072,727 $ 2,104,458 Total Assets $ 30,340,099 $ 28,952,185 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 23,804,584 $ 22,273,242 Total Asset Management $ 23,804,584 $ 22,273,242 Insurance Policy liabilities $ 1,425,180 $ 1,410,951 Total Insurance $ 1,425,180 $ 1,410,951 Total Liabilities $ 25,229,764 $ 23,684,193 The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected: Three Months Ended March 31, 2023 Net Realized Net Unrealized Gains (Losses) Total Assets Asset Management Credit $ (7,753) $ (6,971) $ (14,724) Investments of Consolidated CFEs (5,017) 317,881 312,864 Real Assets — (8,303) (8,303) Equity Method - Other 33,306 (75,743) (42,437) Other Investments 1,636 2,478 4,114 Total Asset Management $ 22,172 $ 229,342 $ 251,514 Insurance Mortgage and other loan receivables $ — $ (6,344) $ (6,344) Other investments — (46,992) (46,992) Total Insurance $ — $ (53,336) $ (53,336) Total Assets $ 22,172 $ 176,006 $ 198,178 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ — $ (376,488) $ (376,488) Total Asset Management $ — $ (376,488) $ (376,488) Insurance Policy liabilities $ — $ 594 $ 594 Total Insurance $ — $ 594 $ 594 Total Liabilities $ — $ (375,894) $ (375,894) Three Months Ended March 31, 2022 Net Realized Net Unrealized Total Assets Asset Management Credit $ (37,515) $ (15,834) $ (53,349) Investments of Consolidated CFEs 2,949 (269,548) (266,599) Real Assets 85 24,685 24,770 Equity Method - Other (16,333) (45,468) (61,801) Other Investments 6,308 (7,685) (1,377) Total Asset Management $ (44,506) $ (313,850) $ (358,356) Insurance Mortgage and other loan receivables $ — $ (27,015) $ (27,015) Other investments — 27,737 27,737 Total Insurance $ — $ 722 $ 722 Total Assets $ (44,506) $ (313,128) $ (357,634) Liabilities Asset Management Debt Obligations of Consolidated CFEs $ (785) $ 226,058 225,273 Total Asset Management $ (785) $ 226,058 $ 225,273 Insurance Policy liabilities $ — $ 2,992 $ 2,992 Total Insurance $ — $ 2,992 $ 2,992 Total Liabilities $ (785) $ 229,050 $ 228,265

INSURANCE INTANGIBLES, UNEARNED

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS AND 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: Three Months Ended March 31, 2023 2022 Fixed maturity securities – interest and other income $ 1,050,796 $ 691,293 Mortgage and other loan receivables 459,146 324,141 Investments in transportation and other leased assets 76,188 67,679 Investments in renewable energy 20,583 25,218 Investments in real estate 36,101 3,903 Short-term and other investment income 77,616 20,697 Income assumed from funds withheld receivable at interest 22,101 19,605 Policy loans 10,277 7,911 Income ceded to funds withheld payable at interest (301,223) (179,702) Gross investment income 1,451,585 980,745 Less investment expenses: Investment management and administration 85,341 113,131 Transportation and renewable energy asset depreciation and maintenance 49,162 53,953 Interest expense on derivative collateral and repurchase agreements 16,385 1,056 Net investment income $ 1,300,697 $ 812,605 Net investment-related losses 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, real estate investments accounted for under investment company accounting, and investments 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 losses were as follows: Three Months Ended March 31, 2023 2022 Realized gains (losses) on available-for-sale fixed maturity debt securities $ 3,432 $ (243,350) Credit loss allowances on available-for-sale securities (76,318) (10,602) Credit loss allowances on mortgage and other loan receivables (64,111) (26,085) Allowances on unfunded commitments (8,000) 6,790 Impairment of available-for-sale fixed maturity debt securities due to intent to sell (26,741) — Unrealized gains (losses) on fixed maturity securities classified as trading 376,290 (1,038,446) Unrealized losses on investments recognized under the fair-value option (55,773) (2,493) Unrealized gains on real estate investments recognized at fair value under investment company accounting 63,192 77,692 Net (losses) gains on derivative instruments (348,225) 859,734 Realized gains (losses) on funds withheld at interest payable portfolio 3,980 (26,387) Realized gains on funds withheld at interest receivable portfolio 17,733 25,600 Other realized losses (gains) (9,292) 8,867 Net investment-related losses $ (123,833) $ (368,680) 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Corporate Structured Total Corporate Structured Total Balance, as of beginning of period $ 1,298 $ 127,034 $ 128,332 $ 3,238 $ 84,895 $ 88,133 Initial impairments for credit losses recognized on securities not previously impaired 151 45,200 45,351 122 15,758 15,880 Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities — — — — 140 140 Accretion of initial credit loss allowance on PCD securities — 351 351 — 477 477 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (3,887) (3,887) — (2,444) (2,444) Net additions / reductions for securities previously impaired — 30,967 30,967 1,640 (6,918) (5,278) Balance, as of end of period $ 1,449 $ 199,665 $ 201,114 $ 5,000 $ 91,908 $ 96,908 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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period $ 227,315 $ 125,824 $ 207,089 $ 560,228 $ 65,970 $ 72,082 $ 236,025 $ 374,077 Net provision (release) 20,111 10,316 33,684 64,111 15,566 15,501 (4,982) 26,085 Charge-offs — (1,693) (35,372) (37,065) — — — — Recoveries of amounts previously charged-off — — 1,826 1,826 — — — — Balance, as of end of period $ 247,426 $ 134,447 $ 207,227 $ 589,100 $ 81,536 $ 87,583 $ 231,043 $ 400,162 Proceeds and gross gains and losses from voluntary sales The proceeds from voluntary sales and the gross gains and losses on those sales of available-for-sale ("AFS") fixed maturity securities were as follows: Three Months Ended March 31, 2023 2022 AFS fixed maturity securities: Proceeds from voluntary sales $ 1,406,925 $ 6,128,285 Gross gains 15,464 8,942 Gross losses (10,044) (245,871) The following reflects the reconciliation of the components of insurance intangibles to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, December 31, 2023 2022 Deferred acquisition costs $ 930,468 $ 820,970 Value of business acquired 1,293,927 1,316,529 Cost-of-reinsurance assets 167,215 193,995 Total insurance intangibles $ 2,391,610 $ 2,331,494 Deferred acquisition costs The following tables reflect the deferred acquisition costs roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 221,679 $ 367,813 $ 116,021 $ 115,457 $ 820,970 Capitalizations 59,969 52,469 11,128 17,112 140,678 Amortization expense (13,607) (12,930) (1,258) (3,385) (31,180) Balance, as of the end of the period $ 268,041 $ 407,352 $ 125,891 $ 129,184 $ 930,468 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 107,104 $ 179,449 $ 54,298 $ 56,730 $ 397,581 Capitalizations 28,519 51,769 21,894 19,233 121,415 Amortization expense (5,023) (5,639) (1,439) (1,876) (13,977) Balance, as of the end of the period $ 130,600 $ 225,579 $ 74,753 $ 74,087 $ 505,019 Value of business acquired The following tables reflect the value of business acquired, or “VOBA” asset roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 48,762 $ 663,296 $ 276,795 $ 241,778 $ 85,898 $ 1,316,529 Amortization expense (972) (10,358) (3,048) (6,370) (1,854) (22,602) Balance, as of the end of the period $ 47,790 $ 652,938 $ 273,747 $ 235,408 $ 84,044 $ 1,293,927 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 52,723 $ 709,271 $ 292,323 $ 269,172 $ 94,479 $ 1,417,968 Amortization expense (1,000) (12,503) (3,948) (7,018) (2,764) (27,233) Balance, as of the end of the period $ 51,723 $ 696,768 $ 288,375 $ 262,154 $ 91,715 $ 1,390,735 The following tables reflect the negative value of business acquired, or “negative VOBA” liability roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 98,342 $ 145,610 $ 461,592 $ 99,776 $ 198,804 $ 1,004,124 Amortization expense (8,720) (10,036) (8,144) (2,423) (5,349) (34,672) Balance, as of the end of the period $ 89,622 $ 135,574 $ 453,448 $ 97,353 $ 193,455 $ 969,452 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 136,227 $ 184,664 $ 500,264 $ 109,826 $ 211,296 $ 1,142,277 Amortization expense (9,826) (9,511) (11,700) (2,525) (3,307) (36,869) Balance, as of the end of the period $ 126,401 $ 175,153 $ 488,564 $ 107,301 $ 207,989 $ 1,105,408 Estimated future amortization of VOBA and Negative VOBA as of March 31, 2023 is as follows: Years VOBA Negative VOBA Total, net Remainder of 2023 $ 66,010 $ (91,650) $ (25,640) 2024 83,707 (101,747) (18,040) 2025 78,737 (83,867) (5,130) 2026 74,285 (69,700) 4,585 2027 70,024 (59,753) 10,271 2028 66,345 (51,968) 14,377 2029 and thereafter 854,819 (510,767) 344,052 Total $ 1,293,927 $ (969,452) $ 324,475 Unearned revenue reserves and unearned front-end loads Three Months Ended March 31, 2023 2022 Preneed Balance, as of the beginning of the period $ 118,186 $ 55,510 Deferral 17,791 16,686 Amortized to income during the year (2,517) (1,280) Balance, as of the end of the period $ 133,460 $ 70,916 Significant inputs, judgments, assumptions for DAC and related amortization amounts Global Atlantic considers surrender rates, mortality rates, and other relevant policy decrements in determining the expected life of the contract. As a part of Global Atlantic's actual experience update for the three months ended March 31, 2023 and 2022, Global Atlantic observed that there was no significant change in relevant inputs, judgments, or assumptions requiring an update of the amortization rate for DAC and related amortization amounts.

REINSURANCE

REINSURANCE	3 Months Ended
REINSURANCE	Mar. 31, 2023
Insurance [Abstract]
REINSURANCE	REINSURANCE Global Atlantic maintains a number of reinsurance treaties with third parties whereby Global Atlantic assumes annuity and life policies on a coinsurance, modified coinsurance or funds withheld basis. Global Atlantic also maintains other reinsurance treaties including the cession of certain annuity, life and health policies. The effects of all reinsurance agreements on the consolidated statements of financial condition were as follows: March 31, 2023 December 31, 2022 Policy liabilities: Direct $ 73,565,098 $ 71,833,991 Assumed 67,564,876 65,946,938 Total policy liabilities 141,129,974 137,780,929 Ceded (1) (25,900,544) (25,755,283) Net policy liabilities $ 115,229,430 $ 112,025,646 (1) Reported within reinsurance recoverable within the consolidated statements 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 March 31, 2023 As of December 31, 2022 A.M. Best Rating (1) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure (4) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure (4) A++ $ 82,004 $ — $ 82,004 $ 62,674 $ — $ 62,674 A+ 1,902,082 — 1,902,082 1,849,918 — 1,849,918 A 2,417,311 — 2,417,311 2,491,461 — 2,491,461 A- 4,727,882 4,095,671 632,211 5,397,767 4,197,739 1,200,028 B++ 29,788 — 29,788 37,939 — 37,939 B+ — — — — — — B — — — — — — B- (221) — — (221) — — Not rated or private rating (5) 19,771,749 18,900,024 871,725 20,994,058 18,541,678 2,452,380 Total $ 28,930,595 $ 22,995,695 $ 5,935,121 $ 30,833,596 $ 22,739,417 $ 8,094,400 (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 credit loss allowance of $8.8 million and $41.2 million as of March 31, 2023 and December 31, 2022, respectively, held against reinsurance recoverable. (5) Includes $19.8 billion and $21.0 billion as of March 31, 2023 and December 31, 2022, respectively, associated with cessions to Ivy Re Limited and Ivy Re II Limited, wholly owned subsidiaries of Ivy Co-Invest Vehicle LLC and Ivy Co-Invest Vehicle II LLC, and collectively the “Ivy Vehicles,” which are co-investment vehicles that participate in qualifying reinsurance transactions sourced by Global Atlantic. As of March 31, 2023 and December 31, 2022, Global Atlantic had $2.8 billion and $2.9 billion of funds withheld receivable at interest, with six counterparties related to modified coinsurance and funds withheld contracts, respectively. 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: Three Months Ended March 31, 2023 2022 Net premiums: Direct $ 32,653 $ 36,573 Assumed 618,730 401,515 Ceded (177,759) (65,944) Net premiums $ 473,624 $ 372,144 Three Months Ended March 31, 2023 2022 Policy fees: Direct $ 227,857 $ 236,337 Assumed 104,589 77,778 Ceded (18,644) (333) Net policy fees $ 313,802 $ 313,782 . Three Months Ended March 31, 2023 2022 Net policy benefits and claims: Direct $ 948,119 $ 4,462 Assumed 1,016,936 600,219 Ceded (438,001) (91,503) Net policy benefits and claims $ 1,527,054 $ 513,178 Global Atlantic holds collateral for and provides collateral to its reinsurance clients. Global Atlantic held $25.9 billion and $26.1 billion of collateral in the form of funds withheld payable on behalf of its reinsurers as of March 31, 2023 and December 31, 2022, respectively. As of both March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, these trusts held in excess of the $67.2 billion and $65.8 billion of assets it is required to hold in order to support reserves of $64.0 billion and $62.4 billion, respectively. Of the cash held in trust, Global Atlantic classified $43.5 million and $31.3 million as restricted as of March 31, 2023 and December 31, 2022, respectively.

NET INCOME (LOSS) ATTRIBUTABLE

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK	3 Months Ended
	Mar. 31, 2023
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 three months ended March 31, 2023 and 2022, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows: Three Months Ended March 31, 2023 2022 Net Income (Loss) Available to KKR & Co. Inc. $ 322,744 $ (9,786) (+) Series C Mandatory Convertible Preferred Dividend (if dilutive) (1) — — Net Income (Loss) Available to KKR & Co. Inc. $ 322,744 $ (9,786) Basic Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 861,108,510 592,202,835 Net Income (Loss) Attributable to KKR & Co. Inc. $ 0.37 $ (0.02) Diluted Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 861,108,510 592,202,835 Incremental Common Shares: Assumed vesting of dilutive equity awards (2) 26,060,826 — Assumed conversion of Series C Mandatory Convertible Preferred Stock (1) — — Weighted Average Shares of Common Stock Outstanding - Diluted 887,169,336 592,202,835 Net Income (Loss) Attributable to KKR & Co. Inc. $ 0.36 $ (0.02) (1) For the three months ended March 31, 2023 and 2022, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was anti-dilutive, and as such (i) shares of common stock (assuming a conversion ratio based on the average volume weighted average price per share of common stock over each reporting period) were not included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) Series C Mandatory Convertible Preferred dividends were not added back to Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted. (2) For the three months ended March 31, 2023, Weighted Average Shares of Common Stock Outstanding – Diluted includes 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 equity holders of KKR Group Partnership, including KKR & Co. Inc. and holders of exchangeable securities pro rata in accordance with their respective ownership interests in KKR Group Partnership. For the three months ended March 31, 2022, all unvested equity awards are excluded from the calculation of Diluted Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock because inclusion of such unvested equity awards would be anti-dilutive having the effect of decreasing the loss per share of common stock. Exchangeable Securities For the three months ended March 31, 2023 and 2022, KKR Holdings Units and vested restricted holdings units (as defined in Note 20 "Equity Based Compensation") 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 ownership interests in KKR Group Partnership. As of May 31, 2022, there are no outstanding KKR Holdings Units. See Note 1 "Organization" in our financial statements. Three Months Ended March 31, 2023 2022 Weighted Average KKR Holdings Units — 258,726,163 Weighted Average Vested Restricted Holdings Units 2,695,142 1,376,655 Total 2,695,142 260,102,818 Market Condition Awards For the three months ended March 31, 2023 and 2022, 22.5 million and 17.0 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 20 "Equity Based Compensation" in our financial statements.

OTHER ASSETS AND ACCRUED EXPENS

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES	3 Months Ended
OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 Asset Management Unsettled Investment Sales (1) $ 138,125 $ 90,072 Receivables 32,577 26,119 Due from Broker (2) 108,428 160,533 Deferred Tax Assets, net (See Note 19) 55,154 54,769 Interest Receivable 244,421 223,660 Fixed Assets, net (3) 859,193 857,903 Foreign Exchange Contracts and Options (4) 573,820 668,716 Goodwill (5) 587,698 594,270 Intangible Assets (6) 1,725,741 1,747,891 Derivative Assets 17,404 7,519 Prepaid Taxes 62,030 68,107 Prepaid Expenses 53,156 48,233 Operating Lease Right of Use Assets (7) 348,026 344,022 Deferred Financing Costs 23,559 16,382 Other 218,998 289,430 Total Asset Management $ 5,048,330 $ 5,197,626 Insurance Unsettled Investment Sales (1) and Derivative Collateral Receivables $ 622,623 $ 663,280 Deferred Tax Assets, net 2,069,675 2,272,153 Derivative Assets 905,767 724,390 Accrued Investment Income 1,051,997 1,130,103 Goodwill (9) 501,496 501,496 Intangible Assets and Deferred Sales Inducements (8) 271,765 276,176 Operating Lease Right of Use Assets (7) 179,421 175,035 Premiums and Other Account Receivables 140,546 141,551 Other 145,652 121,114 Prepaid Taxes 22,675 22,851 Market risk benefit asset 9,350 13,180 Total Insurance $ 5,920,967 $ 6,041,329 Total Other Assets $ 10,969,297 $ 11,238,955 (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 $204.6 million and $188.8 million as of March 31, 2023 and December 31, 2022, respectively. Depreciation and amortization expense of $15.8 million and $12.7 million for the three months ended March 31, 2023 and 2022, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations. Additionally, KKR’s fixed assets are predominantly located in the United States. (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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements for the net changes in fair value associated with these instruments. (5) As of March 31, 2023, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit. As of March 31, 2023, there are approximately $(4.8) million of cumulative foreign currency translation adjustments included in AOCI related to the goodwill recorded as result of the acquisition of KJRM (see Note 3 "Acquisitions" in our financial statements). (6) As of March 31, 2023, there are approximately $(16.3) million of cumulative foreign currency translation adjustments included in AOCI related to the intangible assets recorded as result of the acquisition of KJRM (see Note 3 "Acquisitions" in our financial statements). (7) 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 $15.7 million and $12.2 million for the three months ended March 31, 2023 and 2022, respectively. For Insurance, non-cancelable operating leases consist of leases for office space and land in the U.S. For the three months ended March 31, 2023 and 2022, the operating lease cost was $6.8 million and $5.9 million, respectively. Insurance lease right-of-use assets are reported net of $22.8 million and $21.8 million in deferred rent and lease incentives as of March 31, 2023 and December 31, 2022, respectively. (8) The definite life intangible assets are amortized using the straight-line method over the useful life of the assets which is an average of 15 years. The indefinite life intangible assets are not subject to amortization. The amortization expense of definite life intangible assets was $4.4 million for both the three months ended March 31, 2023 and 2022. (9) 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. The insurance segment reported a negative equity carrying amount as of March 31, 2023 and December 31, 2022 primarily due to unrealized losses on available-for-sale fixed maturity investment portfolio. Global Atlantic expects that substantially all of these unrealized losses will not be realized as it intends to hold these investments until recovery of the losses, which may be at maturity, as part of its asset liability cash-flow matching strategy. KKR evaluated qualitative factors, including market and economic conditions, industry-specific events and company-specific financial results, and determined that it was not more likely than not that goodwill was impaired. Accrued Expenses and Other Liabilities consist of the following: March 31, 2023 December 31, 2022 Asset Management Amounts Payable to Carry Pool (1) $ 1,957,104 $ 1,872,568 Unsettled Investment Purchases (2) 605,769 416,822 Securities Sold Short (3) 100,861 158,752 Derivative Liabilities 6,117 11,018 Accrued Compensation and Benefits 277,194 265,712 Interest Payable 397,899 363,849 Foreign Exchange Contracts and Options (4) 276,405 406,746 Accounts Payable and Accrued Expenses 193,222 216,688 Taxes Payable 278,678 136,245 Uncertain Tax Positions 38,988 56,032 Unfunded Revolver Commitments 112,534 137,315 Operating Lease Liabilities (5) 353,156 347,901 Deferred Tax Liabilities, net (See Note 19) 1,693,513 1,667,740 Other Liabilities 1,501,307 414,387 Total Asset Management $ 7,792,747 $ 6,471,775 Insurance Unsettled Investment Purchases (2) $ 476,863 $ 208,941 Collateral on Derivative Instruments 644,591 466,371 Accrued Expenses 644,556 600,633 Insurance Operations Balances in Course of Settlement 129,404 949,383 Securities Sold Under Agreements to Repurchase 313,797 805,316 Derivative Liabilities 618,268 934,107 Accrued Employee Related Expenses 312,856 322,698 Operating Lease Liabilities (5) 200,694 195,001 Tax Payable to Former Parent Company 60,498 67,086 Interest Payable 32,321 13,329 Accounts and Commissions Payable 20,558 25,261 Other Tax Related Liabilities 10,693 12,249 Total Insurance $ 3,465,099 $ 4,600,375 Total Accrued Expenses and Other Liabilities $ 11,257,846 $ 11,072,150 (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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements 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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements for the net changes in fair value associated with these instruments. (5) For Asset Management, operating leases for office space have remaining lease terms that range from approximately 1 year to 16 years, some of which include options to extend the leases from 5 years to 10 years. The weighted average remaining lease terms were 10.2 years and 10.4 years as of March 31, 2023 and December 31, 2022, respectively. The weighted average discount rates were 2.6% and 2.5% as of March 31, 2023 and December 31, 2022, 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 were 7.6 years and 7.0 years as of March 31, 2023 and December 31, 2022, respectively. The weighted average discount rate was 4.1% and 3.6% as of March 31, 2023 and December 31, 2022, respectively. The weighted average remaining lease terms for land were 25.9 years and 26.9 years as of March 31, 2023 and December 31, 2022, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
VARIABLE INTEREST ENTITIES	Mar. 31, 2023
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. 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 fees 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 fees 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 fees 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 March 31, 2023, KKR's commitments to these unconsolidated investment funds were $3.4 billion. KKR has not provided any financial support other than its obligated amount as of March 31, 2023. Additionally, Global Atlantic also has unfunded commitments of $24.3 million in relation to other limited partnership interests as of March 31, 2023. As of March 31, 2023 and December 31, 2022, 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: March 31, 2023 December 31, 2022 Investments - Asset Management $ 7,204,647 $ 6,862,712 Due from (to) Affiliates, net 1,530,529 1,356,308 Maximum Exposure to Loss - Asset Management $ 8,735,176 $ 8,219,020 Other Investment in Partnership - Insurance $ 251,049 $ 295,808 Investment in Renewable Partnerships - Insurance 28,933 30,177 Maximum Exposure to Loss - Insurance $ 279,982 $ 325,985 Total Maximum Exposure to Loss $ 9,015,158 $ 8,545,005

DEBT OBLIGATIONS

DEBT OBLIGATIONS	3 Months Ended
DEBT OBLIGATIONS	Mar. 31, 2023
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. From time to time, KKR may provide credit support for the funding obligations of its subsidiaries. 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 and other entities 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: March 31, 2023 December 31, 2022 Financing Available Borrowing Outstanding Fair Value Financing Available Borrowing Outstanding Fair Value Revolving Credit Facilities: Corporate Credit Agreement $ 1,500,000 $ — $ — $ 1,500,000 $ — $ — KCM Credit Agreement (1) 727,303 — — 723,132 — — KCM 364-Day Revolving Credit Agreement 750,000 — — 750,000 — — Notes Issued: (2) KKR ¥25 billion (or $188.5 million) 0.509% Notes Due 2023 (8) (5) — — — — 189,432 189,447 KKR ¥5 billion (or $37.7 million) 0.764% Notes Due 2025 (5) — 37,475 37,623 — 37,646 37,625 KKR ¥36.4 billion (or $274.5 million) 1.054% Notes Due 2027 (5) — 273,246 272,812 — 274,628 271,081 KKR €650 million (or $706.9 million) 1.625% Notes Due 2029 (6) — 701,176 564,264 — 687,928 565,003 KKR $750 million 3.750% Notes Due 2029 (5) — 744,444 697,380 — 744,222 675,413 KKR ¥4.9 billion (or $36.9 million) 1.244% Notes Due 2029 (5) — 36,480 36,517 — 36,657 36,020 KKR $750 million 4.850% Notes Due 2032 (5) — 741,877 722,010 — 741,655 701,610 KKR ¥6.2 billion (or $46.7 million) 1.437% Notes Due 2032 (5) — 46,199 45,789 — 46,431 44,800 KKR ¥7.5 billion (or $56.6 million) 1.553% Notes Due 2034 (5) — 55,919 54,887 — 56,204 53,477 KKR ¥5.5 billion (or $41.5 million) 1.795% Notes Due 2037 (5) — 40,887 39,932 — 41,097 38,550 KKR ¥10.3 billion (or $77.7 million) 1.595% Notes Due 2038 (5) — 76,737 72,191 — 77,134 69,565 KKR $500 million 5.500% Notes Due 2043 (7) (5) — 490,504 472,657 — 490,494 455,287 KKR $1.0 billion 5.125% Notes Due 2044 (7) (5) — 964,471 849,028 — 964,726 845,944 KKR $500 million 3.625% Notes Due 2050 (5) — 492,819 343,530 — 492,753 343,490 KKR $750 million 3.500% Notes Due 2050 (7) (5) — 736,572 504,716 — 736,451 503,862 KKR $750 million 3.250% Notes Due 2051 (5) — 739,920 474,023 — 739,832 475,920 KKR $500 million 4.625% Notes Due 2061 (6) — 486,488 370,600 — 486,399 340,400 KFN $500 million 5.500% Notes Due 2032 (3) — 495,632 437,614 — 495,511 417,551 KFN $120 million 5.200% Notes Due 2033 (3) — 118,804 101,535 — 118,773 96,502 KFN $70 million 5.400% Notes Due 2033 (3) — 69,071 60,010 — 69,048 57,042 KFN Issued Junior Subordinated Notes (4) (3) — 237,798 194,541 — 237,471 189,673 2,977,303 7,586,519 6,351,659 2,973,132 7,764,492 6,408,262 Other Debt Obligations (1)(7) 6,210,155 34,933,257 34,764,981 4,837,893 32,834,121 32,649,546 $ 9,187,458 $ 42,519,776 $ 41,116,640 $ 7,811,025 $ 40,598,613 $ 39,057,808 (1) Financing available is reduced by the dollar amounts specified in any issued letters of credit. (2) 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. (3) 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. (4) KKR consolidates KFN and reports KFN's outstanding $258.5 million aggregate principal amount of junior subordinated notes. The weighted average interest rate is 7.3% and 6.9% and the weighted average years to maturity is 13.5 years and 13.8 years as of March 31, 2023 and December 31, 2022, respectively. (5) The notes are classified as Level II within the fair value hierarchy and fair value is determined by third party broker quotes. (6) 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. (7) As of March 31, 2023 and December 31, 2022, the borrowing outstanding and fair value reflects the elimination for the portion of these debt obligations that are held by Global Atlantic. (8) On March 22, 2023, the 2023 Notes matured, and KKR Group Finance Co. IV LLC repaid the principal and accrued interest in full. Asset Management Revolving Credit Facilities KCM Short-Term Credit Agreement On April 7, 2023, KKR Capital Markets Holdings L.P. and certain other capital markets subsidiaries (the "KCM Borrowers") replaced their existing 364-day revolving credit agreement with a new 364-day revolving credit agreement (the "KCM Short-Term Credit Agreement”) with Mizuho Bank, Ltd., as administrative agent, and one or more lenders party thereto. The KCM Short-Term Credit Agreement replaces the prior 364-day revolving credit agreement, dated as of April 8, 2022, 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 7, 2023. The KCM Short-Term Credit Agreement provides for revolving borrowings up to $750 million, expires on April 5, 2024, and ranks pari passu with the existing $750 million revolving credit facility provided by them for KKR's capital markets business (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 (i) denominated in U.S. dollars and a term rate, it will be based on the term Secured Overnight Financing Rate ("SOFR"), (ii) denominated in euros, it will be based on EURIBOR and (iii) denominated in pounds sterling, it will be based on the Sterling Overnight Interbank Average Rate (SONIA), in each case, plus the applicable margin which ranges initially 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 greater of (i) the federal funds rate plus 0.50% and (ii) term SOFR for one-month tenor plus 1.00%, in each case, plus the applicable margin which ranges initially 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 Issued and Repayments in 2023 Repayment of 2023 Notes On March 23, 2018, KKR Group Finance Co. IV LLC, an indirect subsidiary of KKR & Co. Inc., issued ¥40.3 billion aggregate principal amount of its (i) ¥25.0 billion 0.509% Senior Notes due 2023 (the "2023 Notes"), (ii) ¥5.0 billion 0.764% Senior Notes due 2025 (the "2025 Notes") and (iii) ¥10.3 billion 1.595% Senior Notes due 2038 (the "2038 Notes" and, together with the 2023 Notes and the 2025 Notes, the "JPY Notes"). On March 22, 2023, the 2023 Notes matured, and KKR Group Finance Co. IV LLC repaid the principal and accrued interest in full. Other Asset Management Debt Obligations As of March 31, 2023, 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) $ 6,210,155 $ 11,128,673 $ 10,960,397 5.9% 5.0 Debt Obligations of Consolidated CLOs — 23,804,584 23,804,584 (2) 9.6 $ 6,210,155 $ 34,933,257 $ 34,764,981 (1) Includes borrowings collateralized by fund investments, fund co-investments and other assets held by levered investment vehicles of $2.4 billion. (2) The senior notes of the consolidated CLOs had a weighted average interest rate of 5.7%. 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 March 31, 2023, the fair value of the consolidated CLO assets was $25.3 billion. This collateral consisted of Cash and Cash Equivalents, Investments, and Other Assets. Insurance Debt Obligations Global Atlantic's debt obligations consisted of the following: March 31, 2023 December 31, 2022 Financing Available Borrowing Outstanding Fair Value (2) Financing Available Borrowing Outstanding Fair Value (2) Revolving Credit Facilities: Global Atlantic revolving credit facility, due August 2026 $ 600,000 $ 400,000 $ 400,000 $ 600,000 $ 400,000 $ 400,000 Notes Issued and Others: Global Atlantic senior notes, due October 2029 500,000 443,500 500,000 419,550 Global Atlantic senior notes, due June 2031 650,000 512,720 650,000 478,335 Global Atlantic subordinated debentures, due October 2051 750,000 603,075 750,000 572,475 2,300,000 $ 1,959,295 2,300,000 $ 1,870,360 Purchase accounting adjustments (1) 42,507 43,285 Debt issuance costs, net of accumulated amortization (17,356) (17,623) Fair value loss (gain) of hedged debt obligations, recognized in earnings (167,868) (197,496) $ 2,157,283 $ 2,128,166 (1) For the three months ended March 31, 2023 and 2022, the amortization of the purchase accounting adjustments was $778 thousand and $5.4 million, respectively. (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. 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 March 31, 2023. KKR (including Global Atlantic) was in compliance with such debt covenants in all material respects as of March 31, 2023.

POLICY LIABILITIES

POLICY LIABILITIES	3 Months Ended
POLICY LIABILITIES	Mar. 31, 2023
Insurance [Abstract]
POLICY LIABILITIES	POLICY LIABILITIES The following reflects the reconciliation of the components of policy liabilities to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Policyholders’ account balances $ 114,180,191 $ 112,281,236 Liability for future policy benefits 15,134,462 14,445,920 Additional liability for annuitization, death, or other insurance benefits 4,998,425 4,970,969 Market risk benefit liability 764,407 682,038 Other policy-related liabilities (1) 6,052,489 5,400,766 Total policy liabilities $ 141,129,974 $ 137,780,929 (1) Other policy-related liabilities as of March 31, 2023, and December 31, 2022, primarily consists of negative VOBA (both $1.0 billion, respectively), policy liabilities accounted under a fair value option (both $1.3 billion, respectively), embedded derivatives associated with contractholder deposit funds ($2.8 billion and $2.2 billion, respectively) and outstanding claims ($322.8 million and $253.7 million, respectively). Policyholders’ account balances The following reflects the policyholders’ account balances roll-forward for the three months ended March 31, 2023 and 2022, and the policyholders’ account balances weighted average crediting rating, net amount at risk, and cash surrender value as of those dates: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Funding agreements Other (1) Total Balance as of beginning of period $ 48,510,703 $ 29,123,926 $ 17,397,185 $ 7,535,489 $ 9,713,933 $ 112,281,236 Issuances and premiums received 3,416,916 1,640,745 144,797 — 100,616 5,303,074 Benefit payments, surrenders, and withdrawals (2,329,373) (937,627) (230,514) (224,107) (401,156) (4,122,777) Interest (2) 340,106 114,739 107,298 51,423 74,209 687,775 Other, including changes in assumptions and fair value changes (63,346) (45,130) (25,172) 86,057 78,474 30,883 Balance as of end of period $ 49,875,006 $ 29,896,653 $ 17,393,594 $ 7,448,862 $ 9,566,076 $ 114,180,191 Less: reinsurance recoverable (6,699,771) (3,311,541) (3,467,814) — (3,119,287) (16,598,413) Balance as of end of period, net of reinsurance recoverable $ 43,175,235 $ 26,585,112 $ 13,925,780 $ 7,448,862 $ 6,446,789 $ 97,581,778 Average interest rate 2.85 % 1.70 % 3.09 % 2.75 % 2.69 % 2.53 % Net amount at risk, gross of reinsurance (3) $ — $ — $ 84,498,038 $ — $ 1,182,896 $ 85,680,934 Cash surrender value (4) $ 40,420,172 $ 27,236,116 $ 12,948,054 $ — $ 4,744,008 $ 85,348,350 _________________ (1) “Other” consists of activity related to payout annuities (without life contingencies), preneed, variable annuities and life products. (2) Interest includes interest credited to policyholders’ account values, and interest accreted in other components of the policyholder account balance, including investment-type contract values, host amounts for contractholder deposits with embedded derivatives, funding agreements and other associated reserves. (3) Net amount at risk represents the difference between the face value of the insurance policy and the reserve accumulated under that same policy. (4) Cash surrender values are reported net of any applicable surrender charges, net of reinsurance. Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Funding agreements Other (1) Total Balance as of beginning of period $ 42,408,740 $ 25,204,787 $ 17,391,996 $ 6,014,553 $ 6,624,562 $ 97,644,638 Issuances and premiums received 3,482,317 1,823,616 329,744 1,098,944 545,977 7,280,598 Benefit payments, surrenders, and withdrawals (1,419,191) (471,071) (151,078) (21,380) (192,667) (2,255,387) Interest (2) 226,379 62,588 132,030 20,688 47,750 489,435 Other, including changes in assumptions and fair value changes (75,628) (6,323) (262,728) (176,298) (9,845) (530,822) Balance as of end of period $ 44,622,617 $ 26,613,597 $ 17,439,964 $ 6,936,507 $ 7,015,777 $ 102,628,462 Less: reinsurance recoverable (6,156,662) (3,428,559) (3,505,464) — (977,158) (14,067,843) Balance as of end of period, net of reinsurance recoverable $ 38,465,955 $ 23,185,038 $ 13,934,500 $ 6,936,507 $ 6,038,619 $ 88,560,619 Average interest rate 2.18 % 0.99 % 3.09 % 1.30 % 2.82 % 1.96 % Net amount at risk, gross of reinsurance (3) $ — $ — $ 85,001,809 $ — $ 1,198,892 $ 86,200,701 Cash surrender value (4) $ 36,377,347 $ 22,208,964 $ 13,596,619 $ — $ 3,667,881 $ 75,850,811 _________________ (1) “Other” consists of activity related to payout annuities (without life contingencies), preneed, variable annuities and life products. (2) Interest includes interest credited to policyholders’ account values, and interest accreted in other components of the policyholder account balance, including investment-type contract values, host amounts for contractholder deposits with embedded derivatives, funding agreements and other associated reserves. (3) Net amount at risk represents the difference between the face value of the life insurance policy and the reserve accumulated under that same policy. (4) Cash surrender values are reported net of any applicable surrender charges, net of reinsurance. The following table presents the account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums. Account values, as disclosed below differs from policyholder account balances as it excludes balances associated with index credits, contractholder deposit fund host balances, funding agreements, and other associated reserves. In addition, policyholder account balances include discounts and premiums on assumed business which are not reflected in account values. As of March 31, 2023 Account values with adjustable crediting rates subject to guaranteed minimums: Range of guaranteed minimum crediting rates: At guaranteed minimum 1 - 49 bps above guaranteed minimum 50 - 99 bps above guaranteed minimum 100 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total Less than 1.00% $ 2,642,851 $ 24,180 $ 830,147 $ 4,508,872 $ 22,810,695 $ 30,816,745 1.00% - 1.99% 1,918,437 1,236,507 1,067,686 1,877,808 3,228,314 9,328,752 2.00% - 2.99% 1,045,214 49,926 10,330 18,721 599,005 1,723,196 3.00% - 4.00% 12,466,503 440,291 148,892 493,461 136,469 13,685,616 Greater than 4.00% 7,712,398 1,645,085 64,073 5,978 55,589 9,483,123 Total $ 25,785,403 $ 3,395,989 $ 2,121,128 $ 6,904,840 $ 26,830,072 $ 65,037,432 Percentage of total 40 % 5 % 3 % 11 % 41 % 100 % As of December 31, 2022 Account values with adjustable crediting rates subject to guaranteed minimums: Range of guaranteed minimum crediting rates: At guaranteed minimum 1 - 49 bps above guaranteed minimum 50 - 99 bps above guaranteed minimum 100 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total Less than 1.00% $ 3,211,064 $ 25,500 $ 847,989 $ 4,669,081 $ 20,158,257 $ 28,911,891 1.00% - 1.99% 2,350,348 1,171,911 1,077,219 1,910,863 2,820,473 9,330,814 2.00% - 2.99% 1,096,383 53,360 9,747 1,222 590,032 1,750,744 3.00% - 4.00% 12,505,278 417,005 147,812 494,726 136,429 13,701,250 Greater than 4.00% 7,822,274 1,596,918 65,498 6,087 55,589 9,546,366 Total $ 26,985,347 $ 3,264,694 $ 2,148,265 $ 7,081,979 $ 23,760,780 $ 63,241,065 Percentage of total 43 % 5 % 3 % 11 % 38 % 100 % Liability for future policy benefits The following tables summarize the balances of, and changes in, the liability for future policy benefits for traditional and limited-payment contracts for the three months ended March 31, 2023 and 2022: Three months ended March 31, 2023 March 31, 2022 Payout annuities (1) Other (2) Total Payout annuities (1) Other (2) Total Present value of expected net premiums Balance as of beginning of the period $ — $ (255,401) $ (255,401) $ — $ (329,716) $ (329,716) Balance at original discount rate $ — $ (303,610) $ (303,610) $ — $ (334,780) $ (334,780) Effect of changes in cash flow assumptions — — — — — — Effect of actual variances from expected experience — 992 992 — 5,148 5,148 Adjusted beginning of period balance — (302,618) (302,618) — (329,632) (329,632) Interest — (1,206) (1,206) — (1,180) (1,180) Net premiums collected — 8,283 8,283 — 9,815 9,815 Ending balance at original discount rate — (295,541) (295,541) — (320,997) (320,997) Effect of changes in discount rate assumptions — 43,489 43,489 — 20,194 20,194 Balance as of the end of the period $ — $ (252,052) $ (252,052) $ — $ (300,803) $ (300,803) Three months ended March 31, 2023 March 31, 2022 Payout annuities (1) Other (2) Total Payout annuities (1) Other (2) Total Present value of expected future policy benefits Balance as of beginning of the period $ 14,021,514 $ 679,807 $ 14,701,321 $ 16,302,904 $ 883,399 $ 17,186,303 Balance at original discount rate $ 17,180,626 $ 806,555 $ 17,987,181 $ 16,443,480 $ 895,295 $ 17,338,775 Effect of changes in cash flow assumptions — — — — — — Effect of actual variances from expected experience (7,777) 3,539 (4,238) (606) (3,733) (4,339) Adjusted beginning of period balance 17,172,849 810,094 17,982,943 16,442,874 891,562 17,334,436 Issuances 559,421 15 559,436 332,874 2,463 335,337 Interest 93,654 2,467 96,121 71,690 4,152 75,842 Benefit payments (389,426) (25,861) (415,287) (376,446) (28,298) (404,744) De-recognition (lapses and withdrawals) — — — — (2,267) (2,267) Ending balance at original discount rate 17,436,498 786,715 18,223,213 16,470,992 867,612 17,338,604 Effect of changes in discount rate assumptions (2,721,312) (115,387) (2,836,699) (1,564,311) (53,181) (1,617,492) Balance as of the end of the period 14,715,186 671,328 15,386,514 14,906,681 814,431 15,721,112 Net liability for future policy benefits 14,715,186 419,276 15,134,462 14,906,681 513,628 15,420,309 Less: reinsurance recoverable (3) (7,636,570) 1,750 (7,634,820) (7,906,865) (4,609) (7,911,474) Net liability for future policy benefits, net of reinsurance recoverables $ 7,078,616 $ 421,026 $ 7,499,642 $ 6,999,816 $ 509,019 $ 7,508,835 _________________ (1) Payout annuities generally only have a single premium received at contract inception. As a result, the liability for future policy benefits generally would not reflect a present value for future premiums for payout annuities. (2) “Other” consists of activity related to variable annuities, traditional life insurance, preneed insurance and fixed-rate annuity products. (3) Reinsurance recoverables associated with the liability for future policy benefits is net of the effect of changes in discount rate assumptions of $237.1 million and $(814.3) million for the three months ended March 31, 2023 and 2022, respectively. The following table summarizes the amount of gross premiums related to traditional and limited-payment contracts recognized in the consolidated statement of operations for the three months ended March 31, 2023 and 2022: Gross premiums Three months ended March 31, 2023 2022 Payout annuities $ 492,727 $ 290,782 Other 14,391 17,514 Total products $ 507,118 $ 308,296 The following table reflects the weighted-average duration and weighted-average interest rates of the future policy benefit liability as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Payout annuities Other Weighted-average interest rates, original discount rate 2.95 % 2.52 % Weighted-average interest rates, current discount rate 4.81 % 4.80 % Weighted-average liability duration (years, current rates) 8.53 9.33 As of December 31, 2022 Payout annuities Other Weighted-average interest rates, original discount rate 2.76 % 2.50 % Weighted-average interest rates, current discount rate 5.04 % 5.03 % Weighted-average liability duration (years, current rates) 8.39 9.32 The following reflects the undiscounted ending balance of expected future gross premiums and expected future benefits and payments for traditional and limited-payment contracts, as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Payout annuities Other Expected future benefit payments, undiscounted $ 24,718,978 $ 957,987 Expected future benefit payments, discounted (original discount rate) 17,436,498 786,715 Expected future benefit payments, discounted (current discount rate) 14,715,186 671,328 Expected future gross premiums, undiscounted — 506,463 Expected future gross premiums, discounted (original discount rate) — 415,515 Expected future gross premiums, discounted (current discount rate) — 341,251 As of December 31, 2022 Payout annuities Other Expected future benefit payments, undiscounted $ 23,980,780 $ 986,614 Expected future benefit payments, discounted (original discount rate) 17,321,202 812,773 Expected future benefit payments, discounted (current discount rate) 14,021,514 680,807 Expected future gross premiums, undiscounted — 524,122 Expected future gross premiums, discounted (original discount rate) — 431,466 Expected future gross premiums, discounted (current discount rate) — 356,968 Significant inputs, judgments and assumptions in measuring future policyholder benefits Significant policyholder behavior assumption inputs to the calculation of the liability for future policy benefits include discount rates, mortality and, for life insurance, lapse rates. Global Atlantic reviews all assumptions at least annually, and more frequently if necessary. For the three months ended March 31, 2023 and 2022, Global Atlantic recognized $(206.3) million and $632.3 million in other comprehensive income, respectively, due to changes in the future policy benefits estimate from updating discount rates. During three months ended March 31, 2023 and 2022, there were no changes to the methods used to determine the discount rates. Additional liability for annuitization, death, or other insurance benefits The following tables reflect the additional liability for annuitization, death, or other insurance benefits roll-forward for the three months ended March 31, 2023 and 2022: Three months ended March 31, 2023 March 31, 2022 Balance as of beginning of period $ 5,104,810 $ 4,832,678 Effect of changes in experience (21,177) 18,338 Adjusted balance as of beginning of period 5,083,633 4,851,016 Issuances 5,684 5,356 Assessments 85,683 123,692 Benefits paid (84,913) (115,920) Interest 26,296 36,585 Balance as of end of period 5,116,383 4,900,729 Less: impact of unrealized investment gain and losses 117,958 86,032 Less: reinsurance recoverable, end of period — — Balance, end of period, net of reinsurance recoverable and impact of unrealized investment $ 4,998,425 $ 4,814,697 The additional liability for annuitization, death, or other insurance benefits relates primarily to secondary guarantees on certain interest-sensitive life products, and preneed insurance. The following reflects the amount of gross assessments recognized for the additional liability for annuitization, death, or other insurance benefits in the consolidated statements of operations for the three months ended March 31, 2023 and 2022: Gross assessments Three months ended March 31, 2023 2022 Total amount recognized within revenue in the consolidated statements of operations $ 146,376 $ 140,571 The following reflects the weighted average duration and weighted average interest rate for the additional liability for annuitization, death, or other insurance benefits as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Weighted-average interest, current discount rate 3.00 % Weighted-average liability duration (years) 27.82 As of December 31, 2022 Weighted-average interest, current discount rate 3.00 % Weighted-average liability duration (years) 28.21 Significant inputs, judgments and assumptions used in measuring the additional liabilities for annuitization, death, or other insurance benefits Significant policyholder behavior assumption inputs to the calculation of the additional liability for annuitization, death, or other insurance benefits include mortality and lapse rates. Global Atlantic reviews all assumptions at least annually, and more frequently if necessary. Market risk benefits The following table presents the balances of, and changes in, market risk benefits: Three months ended March 31, 2023 March 31, 2022 Fixed-indexed annuity Variable- and other annuities Total Fixed-indexed annuity Variable- and other annuities Total Balance as of beginning of period $ 548,536 $ 120,322 $ 668,858 $ 1,188,355 $ 255,048 $ 1,443,403 Balance as of beginning of period, before impact of changes in instrument-specific credit risk $ 656,880 $ 150,633 $ 807,513 $ 1,183,116 $ 254,972 $ 1,438,088 Issuances (36) (9) (45) 364 42,006 42,370 Interest 8,854 1,957 10,811 1,757 392 2,149 Attributed fees collected 24,143 21,095 45,238 21,840 21,274 43,114 Benefit payments (802) (18) (820) (567) (99) (666) Effect of changes in interest rates 71,737 49,005 120,742 (188,551) (126,547) (315,098) Effect of changes in equity markets (3,822) (21,986) (25,808) 9,815 61,803 71,618 Effect of actual experience different from assumptions 772 (12,676) (11,904) 10,106 (7,275) 2,831 Effect of changes in assumptions — — — — — — Balance as of end of period before impact of changes in instrument-specific credit risk 757,726 188,001 945,727 1,037,880 246,526 1,284,406 Effect of changes in instrument-specific credit risk (146,505) (44,165) (190,670) (133,204) (34,083) (167,287) Balance as of end of period 611,221 143,836 755,057 904,676 212,443 1,117,119 Less: reinsurance recoverable as of the end of the period — (14,913) (14,913) — — — Balance as of end of period, net of reinsurance recoverable $ 611,221 $ 128,923 $ 740,144 $ 904,676 $ 212,443 $ 1,117,119 Net amount at risk $ 3,980,500 $ 1,277,299 $ 5,257,799 $ 3,376,844 $ 858,622 $ 4,235,466 Weighted-average attained age of contract holders (years) 70 71 70 70 69 70 The following reflects the reconciliation of the market risk benefits reflected in the preceding table to the amounts reported in an asset and liability position, respectively, in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: As of March 31, 2023 As of December 31, 2022 Asset Liability Net Asset Liability Net Fixed-indexed annuities $ 9,279 $ 620,500 $ (611,221) $ 13,150 $ 561,686 $ (548,536) Variable- and other annuities 71 143,907 (143,836) 30 120,352 (120,322) Total $ 9,350 $ 764,407 $ (755,057) $ 13,180 $ 682,038 $ (668,858) Significant inputs, judgments, and assumptions used in measuring market risk benefits Significant policyholder behavior and other assumption inputs to the calculation of the market risk benefits include interest rates, instrument-specific credit risk, mortality rates, lapse rates and utilization rates. Global Atlantic reviews all assumptions at least annually, and more frequently if evidence suggests. Separate account liabilities Separate account assets and liabilities consist of investment accounts established and maintained by Global Atlantic for certain variable annuity and interest-sensitive life insurance contracts. Some of these contracts include minimum guarantees such as GMDBs and GMWBs that guarantee a minimum payment to the policyholder. The assets that support these variable annuity and interest-sensitive life insurance contracts are measured at fair value and are reported as separate account assets on the consolidated statements of financial condition. An equivalent amount is reported as separate account liabilities. Market risk benefit assets and liabilities for minimum guarantees are valued and presented separately from separate account assets and separate account liabilities. For more information on market risk benefits see “–Market risk benefits” in this footnote. Policy charges assessed against the policyholders for mortality, administration and other services are included in “Policy fees” in the consolidated statements of operations. The following table presents the balances of and changes in separate account liabilities: March 31, 2023 March 31, 2022 Variable annuities Interest-sensitive life Total Variable annuities Interest-sensitive life Total Balance as of beginning of period $ 3,627,769 $ 503,025 $ 4,130,794 $ 4,922,704 $ 663,724 $ 5,586,428 Premiums and deposits 10,655 3,581 14,236 8,508 3,694 12,202 Surrenders, withdrawals and benefit payments (108,408) (3,716) (112,124) (124,258) (5,788) (130,046) Investment performance 141,071 31,944 173,015 (313,829) (39,746) (353,575) Other (29,652) (11,466) (41,118) (33,589) (11,678) (45,267) Balance as of end of period $ 3,641,435 $ 523,368 $ 4,164,803 $ 4,459,536 $ 610,206 $ 5,069,742 Cash surrender value as of end of period (1) $ 3,641,435 $ 523,368 $ 4,164,803 $ 4,459,536 $ 610,206 $ 5,069,742 (1) Cash surrender value attributed to the separate accounts does not reflect the impact of surrender charges; surrender charges are attributed to policyholder account balances recorded in the general account. The following table presents the aggregate fair value of assets, by major investment asset type, supporting separate accounts: March 31, 2023 December 31, 2022 Asset type: Managed volatility equity/fixed income blended fund $ 2,221,153 $ 2,246,803 Equity 1,686,721 1,634,357 Fixed income 157,531 156,594 Money market 98,667 92,284 Alternative 731 756 Total assets supporting separate account liabilities $ 4,164,803 $ 4,130,794

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2023
Income Tax Disclosure [Abstract]
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. Income taxes reported in these consolidated financial statements include the taxes described in this paragraph. The effective tax rates were 36.4% and 2.8% for the three months ended March 31, 2023 and 2022, respectively. The effective tax rate differs from the statutory rate primarily due to the mix of asset management and insurance income (loss) along with a substantial portion of the reported net income (loss) before taxes not being attributable to KKR but rather being attributable to (i) third-party limited partner interests in consolidated investment funds and (ii) exchangeable securities representing ownership interests in KKR Group Partnership, Based on all available evidence as of December 31, 2022, Global Atlantic concluded that a valuation allowance should be established on a portion of the deferred tax assets related to unrealized tax capital losses that are not more-likely-than-not to be realized, which represents the portion of the portfolio Global Atlantic estimates it would not be able to hold to recovery. As of December 31, 2022, Global Atlantic recorded $89.3 million of valuation allowance allocated to other comprehensive income associated with the unrealized tax capital losses in the available for sale securities portfolio. There was no change in the valuation allowance recorded as of March 31, 2023. Based on available evidence and various assumptions as to the timing of income, KKR believes it is likely that all other deferred tax assets will eventually be realized. During the three months ended March 31, 2023, there was a decrease of $9.3 million to KKR’s uncertain tax positions primarily due to the settlement of local tax audits conducted for the years ended 2010 through 2014. On August 16, 2022, the Inflation Reduction Act (the “IRA”) was signed into law. In general, the provisions of the IRA were effective as of January 1, 2023. The IRA includes a new 15% corporate minimum tax as well as a 1% excise tax on corporate stock repurchases completed after December 31, 2022. KKR reviewed the impact on income taxes and concluded there was no impact to the financial statements in the period ended March 31, 2023. KKR will continue to evaluate the potential future impacts of the IRA, and will continue to review and monitor the issuance of additional guidance.

EQUITY BASED COMPENSATION

EQUITY BASED COMPENSATION	3 Months Ended
EQUITY BASED COMPENSATION	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
EQUITY BASED COMPENSATION	EQUITY BASED COMPENSATION Three Months Ended March 31, 2023 2022 KKR Equity Incentive Plan Awards (1) $ 129,272 $ 115,144 (1) Includes $3.0 million and $2.1 million of equity based compensation related to our insurance business for the three months ended March 31, 2023 and 2022, respectively. Asset Management KKR Equity Incentive Plan Awards 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 March 31, 2023, 68,758,469 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 that convert into shares of common stock of KKR & Co. Inc. (or cash equivalent) upon vesting and (ii) restricted holdings units that are exchangeable into shares of common stock of KKR & Co. Inc. upon vesting and certain other conditions. Service-Vesting Awards Under the Equity Incentive Plans, KKR grants restricted stock units and restricted holdings units 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 March 31, 2023, there was approximately $495.6 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 1.5 years. A summary of the status of unvested Service-Vesting Awards granted under the Equity Incentive Plans from January 1, 2023 through March 31, 2023 is presented below: Shares Weighted Balance, January 1, 2023 16,170,064 $ 45.82 Granted 143,064 49.76 Vested — — Forfeitures (76,360) 50.43 Balance, March 31, 2023 16,236,768 $ 45.83 Market Condition Awards Under the Equity Incentive Plans, KKR also grants restricted stock units and restricted holdings units 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. The following is a discussion of Market Condition Awards excluding the Co-CEO Awards, except where discussed below. The number of Market Condition Awards (other than the Co-CEO 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 (other than the Co-CEO 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 $25.29 $19.87 - $66.80 Closing KKR share price as of valuation date $43.89 $37.93 - $76.31 Risk Free Rate 1.14% 0.41% - 3.86% Volatility 30.07% 28.00% - 38.00% Dividend Yield 1.39% 0.76% - 1.53% Expected Cost of Equity 10.83% 9.13% - 11.80% As of March 31, 2023, there was approximately $384.4 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 3.3 years. A summary of the status of unvested Market Condition Awards granted under the Equity Incentive Plans from January 1, 2023 through March 31, 2023 is presented below: Shares Weighted Balance, January 1, 2023 26,198,531 $ 25.30 Granted — — Vested (130,000) 20.49 Forfeitures (200,000) 19.87 Balance, March 31, 2023 25,868,531 $ 25.37 As of March 31, 2023, 19.0 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 approved grants of 7.5 million restricted holdings units 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 award 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 a 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 March 31, 2023, there was approximately $544.3 million of total estimated unrecognized expense related to these unvested Co-CEO Awards, which is expected to be recognized ratably from April 1, 2023 to December 31, 2026. As of March 31, 2023, none of these Co-CEO awards have met their market price based vesting condition. Insurance Global Atlantic recognized $18.7 million and $20.6 million of expense related to equity-based compensation and long-term incentive awards for the three months ended March 31, 2023 and 2022, respectively. No equity-based compensation costs were capitalized during the three months ended March 31, 2023 and 2022. 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 restricted stock units 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 $3.0 million and $2.1 million of total equity-based compensation expense for the three months ended March 31, 2023 and 2022 associated with these awards, respectively. 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 $89.0 million. On February 28, 2021, book value awards having an aggregate value of approximately $28.0 million vested as set forth in the former Global Atlantic grant agreements and resulted in a cash payment of $17.0 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 $23.0 million. These one-time book value awards vest over five (5) years, with the first 25% vesting on April 1, 2023 and the remainder vesting 25% annually on April 1 each subsequent year until fully vested, 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%. 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 three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 March 31, 2022 Outstanding amount as of beginning of period $ 138,595 $ 145,000 Granted 28,619 20,205 Forfeited (494) (874) Vested and issued (27,057) (39,029) Outstanding amount as of end of period $ 139,663 $ 125,302 Global Atlantic recognized $15.7 million and $18.5 million of compensation expense for the three months ended March 31, 2023 and 2022 associated with these awards, respectively. As of March 31, 2023 and December 31, 2022, the remaining unamortized compensation expenses of $94.2 million and $98.1 million are expected to be recognized over a remaining average period of 2.34 years and 2.45 years, respectively. 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 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. TGAFG shares issued under the AUM component of the Plan are exchangeable for shares of KKR. 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 $197.0 million, based on the intrinsic value of the book value component ($5.0 million), as determined by applying the book value profit share percentage rate to Global Atlantic’s net book value growth at the date of grant, and the fair value of the market value and AUM components at the date of grant ($192.0 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 is remeasured accordingly at each reporting period and adjusted as needed until the awards are forfeited or settled. During the three months ended March 31, 2023 and 2022, 77 and no incentive units were granted to employees, and 27 and 8 incentive units were forfeited, respectively. As of March 31, 2023 and December 31, 2022, there were approximately 895 and 845 incentive units outstanding under the Plan, respectively. Global Atlantic recorded compensation expense of $38.4 million and $17.3 million for the three months ended March 31, 2023 and 2022, respectively, related to periodic change in expense for the GA Units granted under the GA Equity Incentive Plan, with a corresponding offset to other liabilities. As of March 31, 2023 and December 31, 2022, there was approximately $108.7 million and $118.3 million of unrecognized expense related to the GA Units granted under the GA Equity Incentive Plan with a weighted average service period remaining of 2.84 years and 3.09 years, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Due from Affiliates consists of: March 31, 2023 December 31, 2022 Amounts due from unconsolidated investment funds $ 1,561,233 $ 1,401,766 Amounts due from portfolio companies 286,636 261,537 Due from Affiliates $ 1,847,869 $ 1,663,303 Due to Affiliates consists of: March 31, 2023 December 31, 2022 Amounts due to current and former employees under the tax receivable agreement (1) $ 404,566 $ 420,599 Amounts due to unconsolidated investment funds 30,704 45,458 Due to Affiliates $ 435,270 $ 466,057 (1) See Note 1 "Organization" in our financial statements.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
SEGMENT REPORTING	Mar. 31, 2023
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. and holders of any 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 corporate related charges and (iv) non-recurring items, if any. Strategic corporate related items arise from corporate actions and consist primarily of (i) impairments, (ii) transaction costs from strategic acquisitions, and (iii) 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 segment 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 the impact of: (i) unrealized gains (losses) on investments, (ii) unrealized carried interest, and (iii) related unrealized carried interest compensation (carry pool). 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 segment profitability measure used to make operating decisions and to assess the performance of the Insurance segment. This measure is presented before income taxes and is comprised of: (i) Net Investment Income, (ii) Net Cost of Insurance, (iii) General, Administrative, and Other Expenses, and (iv) Net Income Attributable to Noncontrolling Interests. The non-operating adjustments made to derive Insurance Segment Operating Earnings excludes the impact of: (i) investment gains (losses) which include realized gains (losses) related to asset/liability matching investments strategies and unrealized investment gains (losses) and (ii) non-operating changes in policy liabilities and derivatives which includes (a) changes in the fair value of market risk benefits and other policy liabilities measured at fair value and related benefit payments, (b) fees attributed to guaranteed benefits, (c) derivatives used to manage the risks associated with policy liabilities, and (d) losses at contract issuance on payout annuities. Insurance Segment Operating Earnings includes (i) realized gains and losses not related to asset/liability matching investments strategies and (ii) the investment management costs that are earned by KKR as the investment adviser of the Global Atlantic insurance companies. Modification of Segment Information In connection with the adoption of LDTI (see Note 2 in our financial statements), 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 three months ended March 31, 2023, 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 effective as of and for the three months ended March 31, 2023 with retrospective application to all prior periods presented. The most significant changes are as follows: (1) implementation of the accounting changes as a result of LDTI within KKR’s Insurance Segment. KKR excludes (i) changes in the fair value of market risk benefits and other policy liabilities and the associated derivatives, (ii) fees attributed to guaranteed benefits, and (iii) losses at contract issuance on payout annuities from the Insurance Segment Operating Earnings. These items are excluded from Insurance Segment Operating Earnings, because the chief operating decision-makers believe these items do not reflect the underlying performance of this business; and (2) reporting on a pre-tax basis Insurance Segment Operating Earnings (which was previously reported on an after-tax basis). Segment Presentation The following tables set forth information regarding KKR's segment results: Three Months Ended March 31, 2023 2022 Asset Management Management Fees (1) $ 738,156 $ 624,928 Transaction and Monitoring Fees, Net 142,179 306,038 Fee Related Performance Revenues 21,741 12,051 Fee Related Compensation (203,094) (212,220) Other Operating Expenses (150,404) (125,875) Fee Related Earnings 548,578 604,922 Realized Performance Income 175,398 609,207 Realized Performance Income Compensation (114,009) (383,635) Realized Investment Income (2) 198,094 349,354 Realized Investment Income Compensation (29,714) (52,403) Asset Management Segment Operating Earnings $ 778,347 $ 1,127,445 Insurance Net Investment Income (1) (2) $ 1,271,255 $ 862,414 Net Cost of Insurance (750,612) (481,870) General, Administrative and Other (196,714) (146,412) Pre-tax Operating Earnings 323,929 234,132 Pre-tax Operating Earnings Attributable to Noncontrolling Interest (118,817) (90,185) Insurance Segment Operating Earnings $ 205,112 $ 143,947 Total Segment Operating Earnings $ 983,459 $ 1,271,392 (1) Includes intersegment management fees of $108.3 million and $59.0 million for the three months ended March 31, 2023 and 2022, respectively. (2) Includes intersegment interest expense and income of $44.8 million and $25.8 million for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023 2022 Segment Assets: Asset Management $ 30,661,383 $ 31,921,809 Insurance 174,831,730 167,119,948 Total Segment Assets $ 205,493,113 $ 199,041,757 Reconciliations of Total Segment Amounts The following tables reconcile the Segment Revenues, Segment Operating Earnings, and Segment Assets to their equivalent GAAP measure: Three Months Ended March 31, 2023 2022 Total GAAP Revenues $ 3,127,482 $ 999,363 Impact of Consolidation and Other 209,778 213,400 Asset Management Adjustments: Capital Allocation-Based Income (Loss) (GAAP) (449,018) 945,743 Realized Carried Interest 172,689 579,767 Realized Investment Income 198,094 349,354 Capstone Fees (19,805) (15,485) Expense Reimbursements (15,544) (41,303) Insurance Adjustments: Net Premiums (473,624) (372,144) Policy Fees (313,802) (313,782) Other Income (37,158) (34,744) (Gains) Losses from Investments (1) 260,507 167,102 Non-operating Changes in Policy Liabilities and Derivatives (112,776) 286,721 Total Segment Revenues (2) $ 2,546,823 $ 2,763,992 (1) Includes gains and losses on funds withheld receivables and payables embedded derivatives. (2) 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. Three Months Ended March 31, 2023 2022 Income (Loss) Before Tax (GAAP) $ 408,435 $ 1,289,039 Impact of Consolidation and Other 99,137 (1,300,326) Interest Expense 85,500 69,460 Equity-based compensation - KKR Holdings (1) — 19,821 Asset Management Adjustments: Unrealized (Gains) Losses 99,327 322,269 Unrealized Carried Interest (202,659) 1,290,033 Unrealized Carried Interest Compensation (Carry Pool) 83,830 (513,987) Strategic Corporate Related Charges 6,807 19,898 Equity-based compensation 59,017 55,111 Equity-based compensation - Performance based 67,273 57,953 Insurance Adjustments: (2) (Gains) Losses from Investments (2)(3) 131,114 129,032 Non-operating Changes in Policy Liabilities and Derivatives (2) 106,491 (192,201) Strategic Corporate Related Charges (2) — 3,079 Equity-based and Other Compensation (2) 36,393 19,498 Amortization of Acquired Intangibles (2) 2,794 2,713 Total Segment Operating Earnings $ 983,459 $ 1,271,392 (1) Represents equity-based compensation expense in connection with the allocation of units of KKR Holdings, which were not dilutive to common stockholders of KKR & Co. Inc. (2) Amounts represent the portion allocable to KKR & Co. Inc. (3) Includes gains and losses on funds withheld receivables and payables embedded derivatives. As of March 31, 2023 March 31, 2022 Total GAAP Assets $ 282,610,589 $ 265,917,965 Impact of Consolidation and Reclassifications (75,160,372) (63,737,743) Carry Pool Reclassifications (1,957,104) (3,138,465) Total Segment Assets $ 205,493,113 $ 199,041,757

EQUITY

EQUITY	3 Months Ended
EQUITY	Mar. 31, 2023
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 New York Stock Exchange ("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 Preferred Stock Except for any distribution required by Delaware law to be made upon a dissolution event, the holders of Series I 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. 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. The Series I preferred stock will be eliminated on the Sunset Date (as defined in Note 1 "Organization"), which is scheduled to occur not later than December 31, 2026. 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 February 7, 2023, KKR announced an increase to the total available amount under its repurchase program to $500 million. As of May 5, 2023, there was approximately $468 million remaining under the program. 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: Three Months Ended March 31, 2023 2022 Shares of common stock repurchased — 5,191,174 Equity awards for common stock retired — — Noncontrolling Interests 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 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) certain current and former employees who hold exchangeable securities; 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. The following tables present the calculation of total noncontrolling interests: Three Months Ended March 31, 2023 Balance at the beginning of the period (as previously reported) $ 35,778,000 Adoption of New Accounting Standard (See Note 2) 632,858 Balance at the beginning of the period (as revised) 36,410,858 Net income (loss) attributable to noncontrolling interests (73,003) Other comprehensive income (loss), net of tax 367,188 Equity-based and other non-cash compensation 76,596 Capital contributions 2,468,778 Capital distributions (1,840,303) Changes in Consolidation (93,545) Balance at the end of the period $ 37,316,569 Three Months Ended March 31, 2022 Balance at the beginning of the period (as previously reported) $ 40,474,565 Adoption of New Accounting Standard (See Note 2) 104,961 Balance at the beginning of the period (as revised) 40,579,526 Net income (loss) attributable to noncontrolling interests 1,244,987 Other comprehensive income (loss), net of tax (1,620,472) Equity-based and other non-cash compensation 83,392 Capital contributions 3,579,591 Capital distributions (1,873,873) Balance at the end of the period $ 41,993,151

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTERESTS	3 Months Ended
REDEEMABLE NONCONTROLLING INTERESTS	Mar. 31, 2023
Noncontrolling Interest [Abstract]
REDEEMABLE NONCONTROLLING INTERESTS	REDEEMABLE NONCONTROLLING INTERESTS Redeemable noncontrolling interests represent: (i) Noncontrolling interests of certain KKR investment funds and vehicles that are subject to periodic redemption by fund investors following the expiration of a specified period of time, or may be withdrawn subject to a redemption fee during the period when capital may not be otherwise withdrawn. Consolidated fund investor's interests subject to redemption as described above are presented as Redeemable Noncontrolling Interests in the accompanying consolidated statements of financial condition and presented as Net Income (Loss) Attributable to Redeemable Noncontrolling Interests in the accompanying consolidated statements of operations. When redeemable amounts become legally payable to fund investors, they are classified as a liability and included in Accounts Payable, Accrued Expenses and Other Liabilities in the accompanying consolidated statements of financial condition. (ii) Global Atlantic has redeemable noncontrolling interests related to renewable energy entities of approximately $79.3 million and $82.7 million as of March 31, 2023 and December 31, 2022, respectively, as determined by the hypothetical liquidation at book value ("HLBV") method, respectively. The estimated redemption value of redeemable noncontrolling 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 noncontrolling interest investors having achieved an agreed-upon return. The flip date of renewable energy partnerships determines when the redeemable noncontrolling interests are eligible to be redeemed. Eligible redemption dates range from January 1, 2028 to June 30, 2028. For the redeemable noncontrolling interests outstanding as of both March 31, 2023 and December 31, 2022, the estimated redemption value that would be due at the respective redemption dates is $5.3 million. The following table presents the calculation of Redeemable Noncontrolling Interests: Three Months Ended March 31, 2023 2022 Balance at the beginning of the period $ 152,065 82,491 Net income (loss) attributable to Redeemable Noncontrolling Interests (7,303) (63) Capital contributions — — Capital distributions (636) (635) Balance at the end of the period $ 144,126 $ 81,793

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Funding Commitments and Others As of March 31, 2023, KKR had unfunded commitments consisting of $9.7 billion to its investment funds and vehicles. 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 $114 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 March 31, 2023, these commitments amounted to $439.7 million. 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 March 31, 2023 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 $3.2 billion and $3.3 billion as of March 31, 2023 and December 31, 2022, respectively. 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 $63.8 million and $55.8 million for current expected credit losses as of March 31, 2023 and December 31, 2022, respectively. 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. 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. Global Atlantic also enters into land leases for its consolidated investments in renewable energy. 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. KKR has guaranteed its general partners' clawback obligations. As of March 31, 2023, approximately $520 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 March 31, 2023 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 $210 million of that amount from Associates Holdings, which is not a KKR subsidiary. As of March 31, 2023, Associates Holdings had access to cash reserves sufficient to reimburse the full $210 million that would be due to KKR. If the investments in all carry-paying funds were to be liquidated at zero value, the clawback obligation would have been approximately $2.9 billion, and KKR would be entitled to seek reimbursement of approximately $1.2 billion of that amount from Associates Holdings. KKR will acquire control of Associates Holdings 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 Note 1 "Organization"), which will occur not later than December 31, 2026. 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 Asset Management Segment 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. KKR (including KFN) and certain of KKR's investment funds have provided and provide certain credit support, such as indemnities and guarantees, relating to a variety of matters, including non-recourse carve-out guarantees for fraud, willful misconduct and other wrongful acts in connection with the financing of (i) certain real estate investments that we have made, including KKR's corporate real estate, and (ii) certain investment vehicles that KKR manages or sponsors. KKR also has provided, and provides, credit support in connection with the Asset Management business, including: i. to certain of its subsidiaries' obligations in connection with a limited number of investment vehicles that KKR manages, ii. in connection with repayment and funding obligations to third-party lenders on behalf of certain employees, excluding its executive officers, in connection with their personal investments in KKR investment funds and a levered multi-asset investment vehicle, iii. to one of its hedge fund partnerships, iv. through a contingent guarantee of a subsidiary’s loan repayment obligations, which does not become effective unless and until its loan becomes accelerated due to certain specified events of default involving the investment vehicles managed by KJRM, v. the obligations of our subsidiaries' funding obligations to our investment vehicles, and vi. certain of our investment vehicles to fund or otherwise be liable for a portion of their investment losses 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). 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. Insurance Segment 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 $214.0 million. As of March 31, 2023, the present value of the remaining amount to be paid is $60.5 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 $29.7 million, as of March 31, 2023, with expiration dates between May 2023 to September 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 $235.3 million, as of March 31, 2023. For accounting purposes, these letters of credit are considered guarantees of certain obligations of the borrowers. If a letter of credit were to be 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 both March 31, 2023 and December 31, 2022, the expected credit loss on the contingent liability associated with these letters of credit was not material. Unless otherwise stated above, KKR's maximum exposure under the arrangements described under this section “Indemnifications and Other Guarantees” are currently unknown as there are no stated or notional amounts included in these arrangements and KKR's liabilities for these matters would require a claim to be made against KKR in the future. 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 Group Co. Inc.) and its then 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 then 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, which has entered an order staying this case until the completion of the Attorney General’s lawsuit on behalf of the Commonwealth. 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 9th amended complaint but without the RICO or class action allegations. KKR and the other defendants have moved to dismiss the August 20, 2021 complaint by the Tier 3 plaintiffs, whose motions are awaiting a decision from the Kentucky state court. On March 24, 2022, in a separate declaratory judgment action brought by the Commonwealth of Kentucky regarding the enforceability of certain indemnification provisions available to KKR & Co. Inc. and Prisma Capital Partners LP, the Kentucky state court found that it has personal jurisdiction over KKR & Co. Inc., and this finding is currently being appealed by KKR. On May 27, 2022, following a motion by KKR, the judge then adjudicating the lawsuits recused himself from the original 2017 action and the second Tier 3 action, and a new judge was assigned. On December 9, 2022, the new judge issued an order that held in abeyance the motions to dismiss filed by KKR and other defendants pending the outcome of appeals which challenge the trial court’s December 28, 2020 order granting the Attorney General’s motion to intervene. On April 14, 2023, the Kentucky Court of Appeals ruled in favor of KKR and the other defendants in their appeal of the trial court’s December 28, 2020 order granting the Kentucky Attorney General’s motion to intervene in the 2017 action, including that the trial court should have dismissed the entire 2017 action after the Kentucky Supreme Court’s 2020 decision. On May 4, 2023, the Attorney General filed a petition for rehearing with the Court of Appeals. The Court of Appeals’ April 14, 2023 decision does not dismiss the Kentucky Attorney General’s standalone lawsuit filed on July 21, 2020. 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, U.S. 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. KKR is presently subject to civil investigations and inquiries by the U.S. Department of Justice related to antitrust matters and by the SEC related to business-related electronic communications. KKR is currently cooperating with these civil investigations and inquiries. 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 special purpose reinsurers. Total fees expensed associated with these financing arrangements were $5.1 million and $4.5 million for the three months ended March 31, 2023 and 2022, respectively, and are included in insurance expenses in the consolidated statements of operations. As of both March 31, 2023 and December 31, 2022, the total capacity of the financing arrangements with third parties was $2.3 billion. Other than the matters disclosed above, there were no outstanding or unpaid balances from the financing arrangements with unaffiliated third parties as of both March 31, 2023 and December 31, 2022.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Common Stock Dividend A dividend of $0.165 per share of common stock of KKR & Co. Inc. has been declared and was announced on May 8, 2023. This dividend will be paid on June 6, 2023 to common stockholders of record as of the close of business on May 22, 2023. Preferred Stock Dividends A dividend of $0.75 per share of Series C Mandatory Convertible Preferred Stock has been declared and was announced on May 8, 2023 and set aside for payment. This dividend will be paid on June 15, 2023 to holders of record of Series C Mandatory Convertible Preferred Stock as of the close of business on June 1, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited financial statements of KKR & Co. Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the instructions to this Quarterly Report on Form 10-Q. The condensed consolidated financial statements (referred to hereafter as the "financial statements"), including these notes, are unaudited and exclude some of the disclosures required in annual financial statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) such that the financial statements are presented fairly and that estimates made in preparing the financial statements are reasonable and prudent. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. Except for balances affected by the adoption of new accounting guidance for insurance and reinsurance companies that issue long-duration contracts (“LDTI”) noted in Note 2—”Summary of Significant Accounting Policies”, the consolidated balance sheet data as of December 31, 2022 were derived from audited financial statements included in KKR & Co. Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2023 (our "Annual Report"), and the financial statements should be read in conjunction with the audited financial statements included therein. Additionally, in the accompanying financial statements, the condensed consolidated statements of financial condition are referred to hereafter as the "consolidated statements of financial condition"; the condensed consolidated statements of operations are referred to hereafter as the "consolidated statements of operations"; the condensed consolidated statements of comprehensive income (loss) are referred to hereafter as the "consolidated statements of comprehensive income (loss)"; the condensed consolidated statements of changes in equity and redeemable noncontrolling interests are referred to hereafter as the "consolidated statements of changes in equity"; and the condensed consolidated statements of cash flows are referred to hereafter as the "consolidated statements of cash flows." 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. 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 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 beyond the assets pledged to support such borrowings. All the investment management and financing arrangements between KKR's Asset Management business 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.
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. DAC is estimated using a group approach, instead of on an individual contract level. DAC groups, or cohorts, are by product type and issue year and consistent with the groups used in estimating the associated insurance liability. 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 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. For limited-payment products (e.g., payout annuities), gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). DPL is measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses, and expenses. DPL is recorded 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 recorded in policy liabilities in the consolidated statements of financial condition. Amortization DAC is amortized on a constant level basis for the grouped contracts over the expected economic life of the related contracts. Global Atlantic amortizes DAC for all products on a constant level basis based on policy count, except for DAC for traditional life products that are amortized on a constant level basis based on face amount. The constant level bases used for amortization are projected using mortality and lapse assumptions that are based on Global Atlantic’s experience, industry data, and other factors and are consistent with those used for the liability for future policy benefits. If those projected assumptions change in future periods, they will be reflected in the cohort level amortization basis at that time. Unexpected lapses, due to higher mortality and lapse experience than expected, are recognized in the current period as a reduction of the capitalized balances. Amortization of DAC is included in amortization of policyholder acquisition costs in the consolidated statements of operations. VOBA is generally amortized using the same methodology and assumptions used to amortize DAC. DPL is amortized and recognized in proportion to insurance in force for life insurance contracts and expected future benefit payments for annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. Global Atlantic reviews and updates its estimates of cash flows for the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to net policy benefits and claims. UFEL is amortized consistent with the amortization of DAC on preneed contracts. The key assumptions used in the calculation of the amortization of these balances are reviewed quarterly and updated if actual experience or other evidence suggests that current assumptions should be revised. In addition, Global Atlantic formally reviews assumptions annually as part of the assumptions review process. The effects of changes in assumptions are recorded in net income in the period in which the changes are made. Internal replacements An internal replacement is a modification in product benefits, features, rights, or coverages that occurs by the legal extinguishment of one contract and the issuance of another contract (a contract exchange), or by amendment, endorsement, or rider to a contract, or by the election of a benefit, feature, right, or coverage within a contract. If the modification does not substantially change the contract, the unchanged contract is viewed as a prospective revision and the unamortized DAC is
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 fixed-indexed annuities, variable annuities, universal life with secondary guarantees, indexed universal life and preneed policies. Annuity contracts Fixed-indexed annuities ("FIA") Policy liabilities 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 “effective yield method” (previously referred to in our Annual Report as 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 effective 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. 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 ceding commission paid between a ceding and assuming reinsurance company) is established at inception and amortized under the effective yield method. Global Atlantic issues registered index-linked annuity ("RILA") contracts, which are similar to FIAs in offering the policyholder the opportunity to participate in the performance of a market index, subject to a cap or adjusted for a participation rate. In contrast to the FIA, the RILA enables policyholders to earn higher returns but with the risk of loss to principal and related earnings. In particular, if performance of the market indices is negative, the policyholder may potentially absorb losses, subject to downside protection in the form of either a “buffer” or a “floor” specified in the contract. A “buffer” is protection from downside performance up to a certain percentage, typically 10 percent, with uncapped losses thereafter. A “floor” is protection from downside performance in excess of the “floor,” e.g., if the floor is 10% then the policyholder absorbs losses up to 10% but not in excess. The RILA is accounted for similar to the FIA. The RILA host contract is calculated at the inception of the contract as the value of the initial premium minus the value of the index option, which is an embedded derivative. That initial host value is then accreted to the guaranteed surrender value at the end of the surrender charge period. The RILA index option, which is an embedded derivative, is required to be measured at fair value. Fair value represents the policyholders’ expected participation in future increases in the relevant index and is calculated as the excess cash flows from the indexed crediting feature above the guaranteed cash flows. The excess cash flows are based on the option budget methodology whereby the indexed account is projected to grow by the option budget. A key difference from a standard FIA product is that the RILA policyholder can lose principal on this investment. Therefore, it is possible that the embedded derivative can become negative. The option budget will be calculated depending on the product type and strategy. The growth in the indexed account will be projected based on the value of the options dependent upon the strategy and associated hedge construction. 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. Variable annuities Global Atlantic issues and assumes variable annuity contracts for which the liabilities 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. Variable annuity contracts may have certain guarantees that are accounted for as market risk benefits, which are discussed in more detail below. Funding agreements Global Atlantic issues funding agreements to certain unaffiliated special purpose entities that have issued debt securities for which payment of interest and principal is secured by such funding agreements. Global Atlantic also has similar obligations to federal home loan banks. Global Atlantic’s funding agreements are considered investment type contracts and liabilities are net deposits plus accrued and unpaid interest. 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 operations. Interest-sensitive life products For universal life policies, the base policy reserve is 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 “effective 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 effective yield method. 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. Traditional life and limited payment contracts Liability for future policy benefits A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. The liability is estimated using current assumptions that include mortality, lapses, and expenses. These current assumptions are based on judgments that consider Global Atlantic’s historical experience, industry data, and other factors. For nonparticipating traditional and limited-payment contracts, contracts are grouped into cohorts by contract type and issue year. The liability is adjusted for differences between actual and expected experience. With the exception of the expense assumption, Global Atlantic reviews its historical and future cash flow assumptions quarterly and updates the net premium ratio used to calculate the liability each time the assumptions are changed. Global Atlantic has elected to use expense assumptions that are locked in at contract inception and are not subsequently reviewed or updated. Each quarter, Global Atlantic updates its estimate of cash flows expected over the entire life of a group of contracts using actual historical experience and current future cash flow assumptions. These updated cash flows are discounted using the discount rate or curve on the original contract issue date to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits. This amount is then compared to the carrying amount of the liability before the updating of cash flow assumptions to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented parenthetically as a separate component of benefit expense in the consolidated statements of operations. For nonparticipating traditional and limited-payment contracts, the discount rate assumption is a spot rate yield curve that is derived based on upper medium grade (low credit risk) fixed-income instruments with similar duration to the liability. Global Atlantic uses one or more external indices of corporate credit issues as its proxy for these instruments. The discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change in the discount rate reflected in other comprehensive income. For liability cash flows between two market observable points on the yield curve, Global Atlantic interpolates the effective yield by holding the marginal rates constant. For liability cash flows that are projected beyond the last market-observable point on the yield curve, Global Atlantic uses the last market-observable yield level. Payout annuities Payout annuities include single premium immediate annuities, annuitizations of deferred annuities, pension risk transfer 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 investment contracts. 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 expense assumptions. Any gross premiums received in excess of the net premium is the DPL and is recognized separately in income in a constant relationship with the discounted amount of the insurance in-force or expected future benefit payments. These 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. Whole and term life Global Atlantic has established liabilities for amounts payable under insurance policies, including whole life insurance and term life insurance policies. These policies provide death benefits in exchange for a guaranteed level premium for a specified period of time and, in the case of whole life, a guaranteed minimum cash surrender value. 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. Current assumptions are used in the establishment of liabilities for future policyholder benefits including mortality, policy lapse, renewal, investment returns, inflation, expenses and other contingent events as appropriate for the respective product. Each quarter, Global Atlantic updates its estimate of cash flows using actual historical experience and current future cash flow assumptions. These updated cash flows are discounted using the discount rate or curve on the original contract issue date to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits. This amount is then compared to the carrying amount of the liability before the updating of cash flow assumptions to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented parenthetically as a separate component of benefit expense in the consolidated statement of operations. 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. Product guarantees Market risk benefits Market risk benefits are contracts or contract features that both provide protection to the policyholder from other-than-nominal capital market risk and expose Global Atlantic to other-than-nominal capital market risk. Market risk benefits include certain contract features on fixed annuity and variable annuity products. These features include minimum guarantees to policyholders, such as guaranteed minimum death benefits (GMDBs), guaranteed minimum withdrawal benefits (GMWBs), and long-term care benefits (i.e., capped at the return of account value plus one or two times the account value). Market risk benefits are measured at fair value using a non-option and option valuation approach based on current net amounts at risk, market data, experience, and other factors. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in other comprehensive income. Additional liability for annuitization, death, or other insurance benefits Global Atlantic establishes additional liabilities for contracts or contract features that provide for potential benefits in addition to the account balance but are not market risk benefits or embedded derivatives. These benefits include annuitization benefits and death or other insurance benefits (e.g., universal life secondary guarantees). For these benefits, the liability is the sum of the current benefit ratio multiplied by cumulative assessments and accreted interest, less excess payments. In particular, Global Atlantic holds additional liabilities for universal life products with secondary guarantees, sometimes referred to as no-lapse guarantees. 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. For annuitization benefits, the benefit ratio is the present value of expected annuitization payments to be made less the accrued account balance at the expected annuitization date divided by the present value of expected assessments during the accumulation phase of the contract, discounted at the contract rate. Expected annuitization payments and related incremental claim adjustment expenses, expected assessments, and expected excess payments are calculated using discount rate, mortality, lapse, and expense assumptions. Global Atlantic recognizes a shadow reserve adjustment for the additional insurance liabilities when unrealized gains and losses are included in the investment margin while calculating the present value of expected assessments for the benefit ratios. Shadow reserve adjustments are recognized in other comprehensive income. For additional liabilities for death or other insurance benefits, the discount rate assumption is based on the contract rate at inception. The mortality, lapse, and expense assumptions are based on Company’s experience, industry data, and other factors. Assumptions are reviewed and updated, if necessary, at least annually. When those assumptions are updated, the benefit ratio and the liability are remeasured, with the resulting gain or loss reflected in total benefits expense.
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 the event that the closed blocks’ assets are insufficient to meet the benefits of the closed blocks’ benefits, general assets of Global Atlantic would be used to meet the contractual benefits to the closed blocks’ policyholders.
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. Generally, Global Atlantic amortizes cost of reinsurance based on policy count or effective yield method, retrospectively calculated based on actual and projected future cash flows. 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, Global Atlantic 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 Global Atlantic 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 accounted for 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 statements of financial condition. 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.
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, including market risk benefits, (vi) the valuation of embedded derivatives in policy liabilities and funds withheld, (vii) the determination of the allowance for loan losses, and (viii) amortization of deferred revenues and expenses associated with the insurance business.
Adoption of new accounting pronouncements	Adoption of new accounting pronouncements Targeted improvements to the accounting for long-duration contracts Effective January 1, 2023, Global Atlantic adopted new accounting guidance for insurance and reinsurance companies that issue long-duration contracts (“LDTI”), on February 1, 2021 ("GA Acquisition Date"), on a full retrospective basis, coinciding with the acquisition of Global Atlantic by KKR ("GA Acquisition"). The following table summarizes the balance of, and changes in the liability for future policy benefits as of February 1, 2021 due to the adoption of LDTI. Liability for future policy benefits Payout annuities Other Total Balance, as of February 1, 2021 $ 12,785,557 $ 592,242 $ 13,377,799 Change in discount rate assumptions 151,651 20,930 172,581 Adjusted balance, as of February 1, 2021 $ 12,937,208 $ 613,172 $ 13,550,380 The increase to the liability for future policy benefits as of February 1, 2021, was primarily due to remeasuring the liability using a discount rate based on a spot rate yield curve that is derived based on upper medium grade (low credit risk) fixed-income instruments with similar duration to the liability. The following table summarizes the balance of, and changes in, the net liability position of market risk benefits (previously recorded as product guarantees included within policy liabilities in the consolidated statement of financial condition) as of February 1, 2021 due to the adoption of LDTI. Market risk benefits Fixed-indexed annuities Variable- and other annuities Total Balance, as of February 1, 2021 (1) $ 895,114 $ 325,311 $ 1,220,425 Adjustment for the difference between prior carrying amount and market risk benefit value 282,354 87,733 370,087 Adjusted balance, as of February 1, 2021 $ 1,177,468 $ 413,044 $ 1,590,512 (1) The $1,220.4 million balance associated with market risk benefits prior to transition was previously recorded as product guarantees either as an embedded derivative in contractholder deposits of $236 million, or as an additional liability for insurance benefits of $984.4 million under policy liabilities extinguished at transition, and remeasured as market risk benefits. The transition approach for market risk benefits requires assessing products to determine whether contracts or contract features expose Global Atlantic to other than nominal capital market risk. The balance at February 1, 2021 reflects the population of market risk benefits identified. The increase to the carrying value of the market risk benefit liability as of February 1, 2021, reflects the required adjustment to remeasure the liability at fair value using current net amounts at risk, market data, experience, and other factors. The change primarily reflects the impact of discount rates and instrument-specific credit risk as of the transition date. The following table summarizes the balance of, and changes in, reinsurance recoverable as of February 1, 2021 due to the adoption of LDTI. Reinsurance recoverable Fixed indexed annuities Payout annuities Other Total Balance, as of February 1, 2021 $ 4,487,850 $ 7,100,198 $ 4,164,982 $ 15,753,030 Change in discount rate assumptions — 75,708 — 75,708 Adjusted balance, as of February 1, 2021, net of reinsurance $ 4,487,850 $ 7,175,906 $ 4,164,982 $ 15,828,738 The following table summarizes the balance of, and changes in value of business acquired, net as of February 1, 2021 due to the adoption of LDTI. VOBA Fixed indexed annuities Fixed-rate annuities Payout annuities Interest-sensitive life Variable annuities Other Total Balance, as of February 1, 2021 $ 474,165 $ 56,563 $ — $ 307,216 $ 186,576 $ — $ 1,024,520 Adjustment to reflect transition impact to balance established as part of purchase accounting upon the GA Acquisition 282,354 — 101,338 692 108,411 — 492,795 Adjusted balance, as of February 1, 2021 $ 756,519 $ 56,563 $ 101,338 $ 307,908 $ 294,987 $ — $ 1,517,315 The following table summarizes the balance of, and changes in negative value of business acquired, net as of February 1, 2021 due to the adoption of LDTI. Negative VOBA Fixed indexed annuities Fixed-rate annuities Payout annuities Interest-sensitive life Variable annuities Other Total Balance, as of February 1, 2021 $ 222,135 $ 180,769 $ — $ 549,983 $ 119,122 $ 201,405 $ 1,273,414 Adjustment to reflect transition impact to balance established as part of purchase accounting upon the GA Acquisition — — 25,395 755 — (315) 25,835 Adjusted balance, as of February 1, 2021 $ 222,135 $ 180,769 $ 25,395 $ 550,738 $ 119,122 $ 201,090 $ 1,299,249 As a result of the GA Acquisition, Global Atlantic established a new accounting basis to reflect the fair value of assets and liabilities on the GA Acquisition Date, including resetting retained earnings, deferred acquisition costs and accumulated other comprehensive income to zero. As a result of the transition coinciding with the acquisition by KKR, the transition impact of the adoption was recorded as a change to the present value of future profits reflected in the value of business acquired insurance intangible asset recognized as part of purchase accounting. The following table presents the effect of transition adjustments on the value of business acquired assets and liabilities due to the adoption of LDTI. February 1, 2021 VOBA Negative VOBA Reinsurance recoverable $ (75,708) $ — Liability for future policy benefits 198,416 (25,835) Market risk benefits 370,087 — Total transition adjustments $ 492,795 $ (25,835) As a result of the retrospective application of the LDTI adoption, KKR adjusted certain previously reported amounts in its consolidated statements of financial condition, consolidated statements of operations, consolidated statements of comprehensive income, and consolidated statements of cash flows, as follows: Consolidated statement of financial condition as of December 31, 2022 As previously reported Adjustment As revised Reinsurance recoverable $ 27,919,591 $ (1,897,510) $ 26,022,081 Insurance intangibles 1,722,681 608,813 2,331,494 Other assets 6,483,187 (441,858) 6,041,329 Total assets $ 277,077,191 $ (1,730,555) $ 275,346,636 Policy liabilities 141,223,287 (3,442,358) 137,780,929 Accrued Expenses and Other Liabilities 4,600,377 (2) 4,600,375 Total liabilities $ 223,418,306 $ (3,442,360) $ 219,975,946 Additional Paid-In Capital 16,190,407 93,650 16,284,057 Retained earnings 6,315,711 385,396 6,701,107 Accumulated other comprehensive income (loss) (5,901,701) 599,901 (5,301,800) Noncontrolling interest 35,778,000 632,858 36,410,858 Total equity $ 53,506,820 $ 1,711,805 $ 55,218,625 The cumulative impact of the retrospective application of the LDTI adoption increased net income attributable to shareholders by $319.5 million and $65.9 million for each of the periods ended December 31, 2022 and 2021, respectively ($385.4 million cumulatively), and increased other comprehensive income by $589.6 million and $10.3 million for each of the periods ended December 31, 2022 and 2021, respectively ($599.9 million cumulatively). These increases were primarily as a result of an increase in discount rates and Global Atlantic’s instrument-specific credit risk during each of the respective periods. Consolidated statement of operations for the three months ended March 31, 2022 As previously reported Adjustment As revised Policy fees $ 318,436 $ (4,654) $ 313,782 Net policy benefits and claims (1) 726,060 (212,882) 513,178 Amortization of policy acquisition costs (7,733) 19,155 11,422 Insurance expenses 116,743 (940) 115,803 General, Administrative and Other 167,214 410 167,624 Income tax expense (benefit) (3,166) 39,817 36,651 Net Income (Loss) 1,102,602 149,786 1,252,388 Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders (73,770) 63,984 (9,786) Net Income (Loss) Attributable to KKR & Co. Inc. (0.12) 0.10 (0.02) Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock – Diluted (0.12) 0.10 (0.02) _________________ (1) Includes adjustment for market risk benefit gain for the three months ended March 31, 2022 of $(195.7) million. Consolidated statement of comprehensive income for the three months ended March 31, 2022 As previously reported Adjustment As revised Unrealized Gains (Losses) on Available-For-Sale Securities and Other $ (3,339,211) $ (199,827) $ (3,539,038) Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities — 724,586 724,586 Comprehensive Income (Loss) (2,258,890) 674,545 (1,584,345) Comprehensive Income (Loss) Attributable to KKR & Co. Inc. (1,496,943) 288,146 (1,208,797) Consolidated statement of cash flow for the three months ended March 31, 2022 As previously reported Adjustment As revised Net realized (gains) losses on insurance operations $ (74,974) $ (195,684) $ (270,658) Other non-cash amounts (8,079) 16,050 7,971 Change in policy liabilities and accruals, net (422,298) (9,439) (431,737) Change in other assets 570,262 39,817 610,079 Change in accounts payable, accrued expenses and other liabilities (491,126) (530) (491,656) Troubled debt restructurings and vintage disclosures In March 2022, the FASB issued new guidance regarding the modification of receivables, which affects their recognition and measurement. The guidance eliminates the concept of troubled debt restructurings and instead requires all modifications to be analyzed to determine whether they result in a new receivable or a continuation of an existing receivable. The guidance also makes related updates to the measurement of expected credit losses for receivables. The new guidance requires additional disclosures for receivable modifications involving borrowers experiencing financial difficulty as well as disclosure of loan charge-offs by origination year (vintage). For entities that have already adopted ASC 326 (addressing credit losses on financial instruments), the guidance was effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. KKR adopted this accounting standard effective January 1, 2023. Refer to Note 8 — “Investments–Loan modifications” for additional information. Business combinations - Accounting for contract assets and contract liabilities from contracts with customers In October 2021, the FASB issued new guidance (ASU 2021-08) to add contract assets and contract liabilities from contracts with customers acquired in a business combination to the list of exceptions to the fair value recognition and measurement principles that apply to business combinations, and instead require them to be accounted for in accordance with revenue recognition guidance. KKR adopted this accounting standard effective January 1, 2023 and its adoption did not have any material impact on KKR's consolidated financial statements. Future application of accounting standards Fair value measurement of equity security subject to contractual sale restriction In June 2022, the FASB issued ASU 2022-03, ASC Subtopic 820 “Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. According to ASU 2022-03, an entity should not consider the contractual sale restriction when measuring the equity security’s fair value and an entity is not allowed to recognize a contractual sale restriction as a separate unit of account. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. KKR is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Mar. 31, 2023
Accounting Policies [Abstract]
Accounting Standards Update and Change in Accounting Principle	The following table summarizes the balance of, and changes in the liability for future policy benefits as of February 1, 2021 due to the adoption of LDTI. Liability for future policy benefits Payout annuities Other Total Balance, as of February 1, 2021 $ 12,785,557 $ 592,242 $ 13,377,799 Change in discount rate assumptions 151,651 20,930 172,581 Adjusted balance, as of February 1, 2021 $ 12,937,208 $ 613,172 $ 13,550,380 The increase to the liability for future policy benefits as of February 1, 2021, was primarily due to remeasuring the liability using a discount rate based on a spot rate yield curve that is derived based on upper medium grade (low credit risk) fixed-income instruments with similar duration to the liability. The following table summarizes the balance of, and changes in, the net liability position of market risk benefits (previously recorded as product guarantees included within policy liabilities in the consolidated statement of financial condition) as of February 1, 2021 due to the adoption of LDTI. Market risk benefits Fixed-indexed annuities Variable- and other annuities Total Balance, as of February 1, 2021 (1) $ 895,114 $ 325,311 $ 1,220,425 Adjustment for the difference between prior carrying amount and market risk benefit value 282,354 87,733 370,087 Adjusted balance, as of February 1, 2021 $ 1,177,468 $ 413,044 $ 1,590,512 (1) The $1,220.4 million balance associated with market risk benefits prior to transition was previously recorded as product guarantees either as an embedded derivative in contractholder deposits of $236 million, or as an additional liability for insurance benefits of $984.4 million under policy liabilities extinguished at transition, and remeasured as market risk benefits. The following table summarizes the balance of, and changes in, reinsurance recoverable as of February 1, 2021 due to the adoption of LDTI. Reinsurance recoverable Fixed indexed annuities Payout annuities Other Total Balance, as of February 1, 2021 $ 4,487,850 $ 7,100,198 $ 4,164,982 $ 15,753,030 Change in discount rate assumptions — 75,708 — 75,708 Adjusted balance, as of February 1, 2021, net of reinsurance $ 4,487,850 $ 7,175,906 $ 4,164,982 $ 15,828,738 The following table summarizes the balance of, and changes in value of business acquired, net as of February 1, 2021 due to the adoption of LDTI. VOBA Fixed indexed annuities Fixed-rate annuities Payout annuities Interest-sensitive life Variable annuities Other Total Balance, as of February 1, 2021 $ 474,165 $ 56,563 $ — $ 307,216 $ 186,576 $ — $ 1,024,520 Adjustment to reflect transition impact to balance established as part of purchase accounting upon the GA Acquisition 282,354 — 101,338 692 108,411 — 492,795 Adjusted balance, as of February 1, 2021 $ 756,519 $ 56,563 $ 101,338 $ 307,908 $ 294,987 $ — $ 1,517,315 The following table summarizes the balance of, and changes in negative value of business acquired, net as of February 1, 2021 due to the adoption of LDTI. Negative VOBA Fixed indexed annuities Fixed-rate annuities Payout annuities Interest-sensitive life Variable annuities Other Total Balance, as of February 1, 2021 $ 222,135 $ 180,769 $ — $ 549,983 $ 119,122 $ 201,405 $ 1,273,414 Adjustment to reflect transition impact to balance established as part of purchase accounting upon the GA Acquisition — — 25,395 755 — (315) 25,835 Adjusted balance, as of February 1, 2021 $ 222,135 $ 180,769 $ 25,395 $ 550,738 $ 119,122 $ 201,090 $ 1,299,249 The following table presents the effect of transition adjustments on the value of business acquired assets and liabilities due to the adoption of LDTI. February 1, 2021 VOBA Negative VOBA Reinsurance recoverable $ (75,708) $ — Liability for future policy benefits 198,416 (25,835) Market risk benefits 370,087 — Total transition adjustments $ 492,795 $ (25,835) As a result of the retrospective application of the LDTI adoption, KKR adjusted certain previously reported amounts in its consolidated statements of financial condition, consolidated statements of operations, consolidated statements of comprehensive income, and consolidated statements of cash flows, as follows: Consolidated statement of financial condition as of December 31, 2022 As previously reported Adjustment As revised Reinsurance recoverable $ 27,919,591 $ (1,897,510) $ 26,022,081 Insurance intangibles 1,722,681 608,813 2,331,494 Other assets 6,483,187 (441,858) 6,041,329 Total assets $ 277,077,191 $ (1,730,555) $ 275,346,636 Policy liabilities 141,223,287 (3,442,358) 137,780,929 Accrued Expenses and Other Liabilities 4,600,377 (2) 4,600,375 Total liabilities $ 223,418,306 $ (3,442,360) $ 219,975,946 Additional Paid-In Capital 16,190,407 93,650 16,284,057 Retained earnings 6,315,711 385,396 6,701,107 Accumulated other comprehensive income (loss) (5,901,701) 599,901 (5,301,800) Noncontrolling interest 35,778,000 632,858 36,410,858 Total equity $ 53,506,820 $ 1,711,805 $ 55,218,625 Consolidated statement of operations for the three months ended March 31, 2022 As previously reported Adjustment As revised Policy fees $ 318,436 $ (4,654) $ 313,782 Net policy benefits and claims (1) 726,060 (212,882) 513,178 Amortization of policy acquisition costs (7,733) 19,155 11,422 Insurance expenses 116,743 (940) 115,803 General, Administrative and Other 167,214 410 167,624 Income tax expense (benefit) (3,166) 39,817 36,651 Net Income (Loss) 1,102,602 149,786 1,252,388 Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders (73,770) 63,984 (9,786) Net Income (Loss) Attributable to KKR & Co. Inc. (0.12) 0.10 (0.02) Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock – Diluted (0.12) 0.10 (0.02) _________________ (1) Includes adjustment for market risk benefit gain for the three months ended March 31, 2022 of $(195.7) million. Consolidated statement of comprehensive income for the three months ended March 31, 2022 As previously reported Adjustment As revised Unrealized Gains (Losses) on Available-For-Sale Securities and Other $ (3,339,211) $ (199,827) $ (3,539,038) Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities — 724,586 724,586 Comprehensive Income (Loss) (2,258,890) 674,545 (1,584,345) Comprehensive Income (Loss) Attributable to KKR & Co. Inc. (1,496,943) 288,146 (1,208,797) Consolidated statement of cash flow for the three months ended March 31, 2022 As previously reported Adjustment As revised Net realized (gains) losses on insurance operations $ (74,974) $ (195,684) $ (270,658) Other non-cash amounts (8,079) 16,050 7,971 Change in policy liabilities and accruals, net (422,298) (9,439) (431,737) Change in other assets 570,262 39,817 610,079 Change in accounts payable, accrued expenses and other liabilities (491,126) (530) (491,656)

REVENUES - ASSET MANAGEMENT (Ta

REVENUES - ASSET MANAGEMENT (Tables)	3 Months Ended
REVENUES - ASSET MANAGEMENT (Tables)	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Asset Management Revenues	For the three months ended March 31, 2023 and 2022, respectively, Asset Management revenues consisted of the following: Three Months Ended March 31, 2023 2022 Management Fees $ 453,093 $ 398,046 Fee Credits (57,531) (187,745) Transaction Fees 209,839 466,966 Monitoring Fees 29,853 39,400 Incentive Fees 6,413 7,057 Expense Reimbursements 15,544 41,303 Consulting Fees 19,805 15,484 Total Fees and Other 677,016 780,511 Carried Interest 343,070 (783,688) General Partner Capital Interest 105,948 (162,055) Total Capital Allocation-Based Income (Loss) 449,018 (945,743) Total Revenues - Asset Management $ 1,126,034 $ (165,232)

NET GAINS (LOSSES) FROM INVES_2

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT (Tables)	3 Months Ended
	Mar. 31, 2023
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: Three Months Ended March 31, 2023 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 199,081 $ (36,664) $ 162,417 Credit (1) (22,963) 104,775 81,812 Investments of Consolidated CFEs (1) (5,017) 317,881 312,864 Real Assets (1) 9,434 (325,909) (316,475) Equity Method - Other (1) 39,219 29,505 68,724 Other Investments (1) (112,663) (519) (113,182) Foreign Exchange Forward Contracts and Options (2) (58,635) 36,269 (22,366) Securities Sold Short (2) (3,475) 2,241 (1,234) Other Derivatives (2) (2,122) 14,330 12,208 Debt Obligations and Other (3) 56,521 (400,698) (344,177) Net Gains (Losses) From Investment Activities $ 99,380 $ (258,789) $ (159,409) Three Months Ended March 31, 2022 Net Realized Gains (Losses) Net Unrealized Gains (Losses) Total Private Equity (1) $ 198,380 $ (265,326) $ (66,946) Credit (1) (11,455) (188,974) (200,429) Investments of Consolidated CFEs (1) 2,949 (269,548) (266,599) Real Assets (1) (2,761) 1,297,270 1,294,509 Equity Method - Other (1) 14,284 (72,642) (58,358) Other Investments (1) 1,743 (15,015) (13,272) Foreign Exchange Forward Contracts and Options (2) 90,890 (147,007) (56,117) Securities Sold Short (2) 36,082 10,181 46,263 Other Derivatives (2) (12,005) 20,137 8,132 Debt Obligations and Other (3) (38,478) 265,556 227,078 Net Gains (Losses) From Investment Activities $ 279,629 $ 634,632 $ 914,261 (1) See Note 8 "Investments." (2) See Note 9 "Derivatives" and Note 15 "Other Assets and Accrued Expenses and Other Liabilities."

NET INVESTMENT INCOME - INSUR_2

NET INVESTMENT INCOME - INSURANCE (Tables)	3 Months Ended
NET INVESTMENT INCOME - INSURANCE (Tables)	Mar. 31, 2023
Investments, All Other Investments [Abstract]
Investment Income	The components of net investment income were as follows: Three Months Ended March 31, 2023 2022 Fixed maturity securities – interest and other income $ 1,050,796 $ 691,293 Mortgage and other loan receivables 459,146 324,141 Investments in transportation and other leased assets 76,188 67,679 Investments in renewable energy 20,583 25,218 Investments in real estate 36,101 3,903 Short-term and other investment income 77,616 20,697 Income assumed from funds withheld receivable at interest 22,101 19,605 Policy loans 10,277 7,911 Income ceded to funds withheld payable at interest (301,223) (179,702) Gross investment income 1,451,585 980,745 Less investment expenses: Investment management and administration 85,341 113,131 Transportation and renewable energy asset depreciation and maintenance 49,162 53,953 Interest expense on derivative collateral and repurchase agreements 16,385 1,056 Net investment income $ 1,300,697 $ 812,605

NET INVESTMENT-RELATED LOSSES_2

NET INVESTMENT-RELATED LOSSES - INSURANCE (Tables)	3 Months Ended
NET INVESTMENT-RELATED LOSSES - INSURANCE (Tables)	Mar. 31, 2023
Insurance [Abstract]
Net Investment Gains	Net investment-related losses were as follows: Three Months Ended March 31, 2023 2022 Realized gains (losses) on available-for-sale fixed maturity debt securities $ 3,432 $ (243,350) Credit loss allowances on available-for-sale securities (76,318) (10,602) Credit loss allowances on mortgage and other loan receivables (64,111) (26,085) Allowances on unfunded commitments (8,000) 6,790 Impairment of available-for-sale fixed maturity debt securities due to intent to sell (26,741) — Unrealized gains (losses) on fixed maturity securities classified as trading 376,290 (1,038,446) Unrealized losses on investments recognized under the fair-value option (55,773) (2,493) Unrealized gains on real estate investments recognized at fair value under investment company accounting 63,192 77,692 Net (losses) gains on derivative instruments (348,225) 859,734 Realized gains (losses) on funds withheld at interest payable portfolio 3,980 (26,387) Realized gains on funds withheld at interest receivable portfolio 17,733 25,600 Other realized losses (gains) (9,292) 8,867 Net investment-related losses $ (123,833) $ (368,680)
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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Corporate Structured Total Corporate Structured Total Balance, as of beginning of period $ 1,298 $ 127,034 $ 128,332 $ 3,238 $ 84,895 $ 88,133 Initial impairments for credit losses recognized on securities not previously impaired 151 45,200 45,351 122 15,758 15,880 Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities — — — — 140 140 Accretion of initial credit loss allowance on PCD securities — 351 351 — 477 477 Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired — (3,887) (3,887) — (2,444) (2,444) Net additions / reductions for securities previously impaired — 30,967 30,967 1,640 (6,918) (5,278) Balance, as of end of period $ 1,449 $ 199,665 $ 201,114 $ 5,000 $ 91,908 $ 96,908
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: Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Commercial Mortgage Loans Residential Mortgage Loans Consumer and Other Loan Receivables Total Balance, as of beginning of period $ 227,315 $ 125,824 $ 207,089 $ 560,228 $ 65,970 $ 72,082 $ 236,025 $ 374,077 Net provision (release) 20,111 10,316 33,684 64,111 15,566 15,501 (4,982) 26,085 Charge-offs — (1,693) (35,372) (37,065) — — — — Recoveries of amounts previously charged-off — — 1,826 1,826 — — — — Balance, as of end of period $ 247,426 $ 134,447 $ 207,227 $ 589,100 $ 81,536 $ 87,583 $ 231,043 $ 400,162
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 available-for-sale ("AFS") fixed maturity securities were as follows: Three Months Ended March 31, 2023 2022 AFS fixed maturity securities: Proceeds from voluntary sales $ 1,406,925 $ 6,128,285 Gross gains 15,464 8,942 Gross losses (10,044) (245,871)

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
INVESTMENTS (Tables)	Mar. 31, 2023
Investments [Abstract]
Summary of Investments	Investments consist of the following: March 31, 2023 December 31, 2022 Asset Management Private Equity $ 27,454,205 $ 26,607,688 Credit 8,297,931 7,804,392 Investments of Consolidated CFEs 24,013,221 22,492,366 Real Assets 19,854,474 17,976,366 Equity Method - Other 7,043,747 6,838,541 Equity Method - Capital Allocation-Based Income 7,204,647 6,862,712 Other Investments 4,081,693 3,793,398 Investments - Asset Management $ 97,949,918 $ 92,375,463 Insurance Fixed maturity securities, available-for-sale, at fair value (1) $ 67,828,743 $ 61,939,529 Mortgage and other loan receivables 34,698,694 35,090,698 Fixed maturity securities, trading, at fair value (2) 12,755,365 12,038,847 Other investments 10,446,292 11,374,656 Funds withheld receivable at interest 2,774,730 2,868,036 Policy loans 880,030 868,911 Equity securities at fair value 17,540 18,499 Investments - Insurance $ 129,401,394 $ 124,199,176 Total Investments $ 227,351,312 $ 216,574,639 (1) Amortized cost of $78.2 billion and $73.6 billion, net of credit loss allowances of $201.1 million and $128.3 million, respectively. (2) Amortized cost of $15.1 billion and $14.8 billion, respectively. Other investments consist of the following: March 31, 2023 December 31, 2022 Investments in real estate (1) $ 4,805,747 $ 4,641,429 Investments in renewable energy (2) 2,298,428 3,427,062 Investments in transportation and other leased assets (3) 2,868,789 2,821,602 Other investment partnerships 185,323 197,378 FHLB common stock and other investments 288,005 287,185 Total other investments $ 10,446,292 $ 11,374,656 (1) Investments in real estate are held in consolidated investment companies that use fair value accounting. (2) Net of accumulated depreciation attributed to consolidated renewable energy assets of $239.0 million and $229.7 million as of March 31, 2023 and December 31, 2022, respectively. (3) Net of accumulated depreciation of $259.7 million and $230.2 million as of March 31, 2023 and December 31, 2022, respectively.
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 (1)(2) Gross unrealized Fair value As of March 31, 2023 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 440,171 $ — $ 1,850 $ (63,495) $ 378,526 U.S. state, municipal and political subdivisions 5,567,801 — 20,895 (1,020,472) 4,568,224 Corporate 47,216,455 (1,449) 141,254 (7,122,069) 40,234,191 Residential mortgage-backed securities 7,981,482 (146,755) 13,487 (807,058) 7,041,156 Commercial mortgage-backed securities 7,454,715 (15,628) 846 (822,087) 6,617,846 Collateralized bond obligations 3,029,471 (745) — (185,820) 2,842,906 Collateralized loan obligations 3,460,298 (25,087) 1,184 (166,211) 3,270,184 Asset-backed securities 3,095,110 (11,450) 7,796 (215,746) 2,875,710 Total AFS fixed maturity securities $ 78,245,503 $ (201,114) $ 187,312 $ (10,402,958) $ 67,828,743 (1) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statements 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. (2) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(23.6) million. Cost or amortized cost Allowance for Credit Losses (1)(2) Gross unrealized Fair value As of December 31, 2022 gains losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 438,931 $ — $ 304 $ (72,494) $ 366,741 U.S. state, municipal and political subdivisions 5,638,252 — 6,582 (1,233,874) 4,410,960 Corporate 44,253,062 (1,298) 49,509 (7,984,341) 36,316,932 RMBS 7,307,526 (100,554) 12,052 (834,212) 6,384,812 CMBS 7,269,662 (14,490) 36 (834,735) 6,420,473 CBOs 3,051,850 (426) — (217,773) 2,833,651 CLOs 2,726,888 (6,165) 127 (200,160) 2,520,690 ABSs 2,914,617 (5,399) 4,702 (228,650) 2,685,270 Total AFS fixed maturity securities $ 73,600,788 $ (128,332) $ 73,312 $ (11,606,239) $ 61,939,529 (1) Represents the cumulative amount of credit impairments that have been recognized in the consolidated statements 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. (2) Includes credit loss allowances on purchase-credit deteriorated fixed-maturity securities of $(29.9) 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 March 31, 2023 Cost or Fair value Due in one year or less $ 1,111,146 $ 1,099,144 Due after one year through five years 12,746,392 12,176,052 Due after five years through ten years 10,175,556 9,410,865 Due after ten years 29,189,884 22,494,880 Subtotal 53,222,978 45,180,941 RMBS 7,834,727 7,041,156 CMBS 7,439,087 6,617,846 CBOs 3,028,726 2,842,906 CLOs 3,435,211 3,270,184 ABSs 3,083,660 2,875,710 Total AFS fixed maturity securities $ 78,044,389 $ 67,828,743 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 March 31, 2023 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 41,237 $ (442) $ 202,902 $ (63,053) $ 244,139 $ (63,495) U.S. state, municipal and political subdivisions 447,639 (35,891) 3,617,169 (984,581) 4,064,808 (1,020,472) Corporate 9,620,913 (417,413) 24,411,962 (6,704,656) 34,032,875 (7,122,069) RMBS 2,270,895 (156,956) 3,918,339 (650,102) 6,189,234 (807,058) CBOs 672,051 (33,236) 2,170,855 (152,584) 2,842,906 (185,820) CMBS 1,283,842 (92,237) 5,200,921 (729,850) 6,484,763 (822,087) CLOs 768,231 (21,498) 2,029,386 (144,713) 2,797,617 (166,211) ABSs 1,142,861 (75,221) 1,319,087 (140,525) 2,461,948 (215,746) Total AFS fixed maturity securities in a continuous loss position $ 16,247,669 $ (832,894) $ 42,870,621 $ (9,570,064) $ 59,118,290 $ (10,402,958) Less than 12 months 12 months or more Total As of December 31, 2022 Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses AFS fixed maturity securities portfolio by type: U.S. government and agencies $ 122,272 $ (52,639) $ 108,498 $ (19,855) $ 230,770 $ (72,494) U.S. state, municipal and political subdivisions 2,321,404 (605,698) 1,780,984 (628,176) 4,102,388 (1,233,874) Corporate 14,792,384 (2,114,695) 17,943,907 (5,869,646) 32,736,291 (7,984,341) RMBS 3,998,737 (442,543) 2,068,529 (391,669) 6,067,266 (834,212) CBOs 1,351,552 (103,499) 1,482,099 (114,274) 2,833,651 (217,773) CMBS 4,054,053 (445,168) 2,338,517 (389,567) 6,392,570 (834,735) CLOs 1,862,608 (139,766) 636,014 (60,394) 2,498,622 (200,160) ABSs 1,610,876 (113,285) 832,635 (115,365) 2,443,511 (228,650) Total AFS fixed maturity securities in a continuous loss position $ 30,113,886 $ (4,017,293) $ 27,191,183 $ (7,588,946) $ 57,305,069 $ (11,606,239)
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: Three Months Ended March 31, 2023 2022 Purchase price of PCD securities acquired during the current period $ — $ 5,185 Allowance for credit losses at acquisition — 140 Discount attributable to other factors — 1,207 Par value $ — $ 6,532
Mortgage and Other Loans Receivable	Mortgage and other loan receivables consist of the following: March 31, 2023 December 31, 2022 Commercial mortgage loans (1) $ 19,004,039 $ 18,830,780 Residential mortgage loans (1) 10,702,441 10,688,972 Consumer loans 4,970,378 5,228,534 Other loan receivables (2) 610,936 902,640 Total mortgage and other loan receivables 35,287,794 35,650,926 Allowance for credit losses (3) (589,100) (560,228) Total mortgage and other loan receivables, net of allowance for loan losses $ 34,698,694 $ 35,090,698 (1) Includes $773.9 million and $787.5 million of loans carried at fair value using the fair value option as of March 31, 2023 and December 31, 2022, respectively. The fair value option was elected for these loans for asset-liability matching purposes. These loans had unpaid principal balances of $864.4 million and $871.2 million as of March 31, 2023 and December 31, 2022, respectively. (2) As of March 31, 2023 and December 31, 2022, other loan receivables consisted primarily of loans collateralized by aircraft of $272.8 million and $282.3 million, respectively. (3) Includes credit loss allowances on purchase-credit deteriorated mortgage and other loan receivables of $(108.6) million and $(106.2) million as of March 31, 2023 and December 31, 2022, respectively.
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 March 31, 2023: Years Residential Commercial Total mortgage loans Remainder of 2023 $ 131,042 $ 1,512,742 $ 1,643,784 2024 447,388 2,164,157 2,611,545 2025 15,739 3,673,872 3,689,611 2026 929,252 3,578,371 4,507,623 2027 816,303 2,955,626 3,771,929 2028 131,774 1,396,277 1,528,051 2029 and thereafter 8,230,943 3,722,994 11,953,937 Total $ 10,702,441 $ 19,004,039 $ 29,706,480
Mortgage Loan Portfolio by Geographic Region and Property Type	The following tables present the mortgage loans by geographic region and property type: Mortgage loans – carrying value by geographic region March 31, 2023 December 31, 2022 Pacific $ 7,163,287 24.1 % $ 7,197,110 24.4 % West South Central 3,687,564 12.4 % 3,582,648 12.1 % South Atlantic 8,119,808 27.3 % 8,051,653 27.3 % Middle Atlantic 3,699,989 12.5 % 3,590,530 12.2 % East North Central 1,257,665 4.2 % 1,240,264 4.2 % Mountain 3,142,342 10.6 % 3,152,895 10.7 % New England 1,371,832 4.6 % 1,414,897 4.8 % East South Central 704,109 2.4 % 712,886 2.4 % West North Central 328,156 1.1 % 349,079 1.2 % Other regions 231,728 0.8 % 227,790 0.7 % Total by geographic region $ 29,706,480 100.0 % $ 29,519,752 100.0 % Mortgage loans – carrying value by property type March 31, 2023 December 31, 2022 Residential $ 10,702,441 36.0 % $ 10,688,972 36.2 % Office building 4,629,307 15.6 % 4,594,238 15.6 % Apartment 9,694,666 32.6 % 9,698,728 32.9 % Industrial 3,209,573 10.8 % 3,139,163 10.6 % Retail 572,748 1.9 % 630,455 2.1 % Other property types 689,834 2.3 % 582,479 2.0 % Warehouse 207,911 0.8 % 185,717 0.6 % Total by property type $ 29,706,480 100.0 % $ 29,519,752 100.0 %
Receivables by Credit Quality Indicator	The following table represents the portfolio of mortgage and loan receivables by origination year and performance status as of March 31, 2023 and December 31, 2022: By year of origination Performance status as of March 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial mortgage loans Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — Current $ 199,707 $ 6,164,880 $ 6,927,008 $ 777,073 $ 1,417,346 $ 3,414,703 $ 18,900,717 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — 90 days or more past due — — — — 103,322 — 103,322 Total commercial mortgage loans $ 199,707 $ 6,164,880 $ 6,927,008 $ 777,073 $ 1,520,668 $ 3,414,703 $ 19,004,039 Residential mortgage loans Current-period gross charge-offs $ — $ (246) $ (210) $ (46) $ (133) $ (1,058) $ (1,693) Current $ 117,738 $ 1,875,615 $ 4,711,601 $ 1,851,565 $ 255,925 $ 1,460,682 $ 10,273,126 30 to 59 days past due — 13,476 45,876 4,489 3,278 87,160 154,279 60 to 89 days past due — 6,582 15,333 1,515 3,411 27,193 54,034 90 days or more past due — 10,809 61,689 12,839 11,313 124,352 221,002 Total residential mortgage loans $ 117,738 $ 1,906,482 $ 4,834,499 $ 1,870,408 $ 273,927 $ 1,699,387 $ 10,702,441 Consumer loans Current-period gross charge-offs $ — $ (3,092) $ (18,826) $ (5,181) $ (3,165) $ (5,108) $ (35,372) Current $ 1,474 $ 522,779 $ 2,074,812 $ 809,837 $ 688,962 $ 747,937 $ 4,845,801 30 to 59 days past due — 4,642 30,435 5,933 4,608 13,359 58,977 60 to 89 days past due — 2,637 14,479 2,998 2,373 7,925 30,412 90 days or more past due — 3,374 14,613 5,840 4,799 6,562 35,188 Total consumer loans $ 1,474 $ 533,432 $ 2,134,339 $ 824,608 $ 700,742 $ 775,783 $ 4,970,378 Total mortgage and consumer loan receivables $ 318,919 $ 8,604,794 $ 13,895,846 $ 3,472,089 $ 2,495,337 $ 5,889,873 $ 34,676,858 By year of origination Performance status as of December 31, 2022 2022 2021 2020 2019 2018 Prior Total Commercial mortgage loans Current $ 6,081,261 $ 6,845,839 $ 809,254 $ 1,529,897 $ 1,260,593 $ 2,303,936 $ 18,830,780 30 to 59 days past due — — — — — — — 60 to 89 days past due — — — — — — — 90 days or more past due — — — — — — — Total commercial mortgage loans $ 6,081,261 $ 6,845,839 $ 809,254 $ 1,529,897 $ 1,260,593 $ 2,303,936 $ 18,830,780 Residential mortgage loans Current $ 1,855,038 $ 4,802,333 $ 1,879,606 $ 264,050 $ 13,670 $ 1,485,244 $ 10,299,941 30 to 59 days past due 10,534 49,169 6,144 6,471 — 80,357 152,675 60 to 89 days past due 796 13,143 2,016 955 — 27,114 44,024 90 days or more past due 7,598 35,978 11,483 8,389 2,438 126,446 192,332 Total residential mortgage loans $ 1,873,966 $ 4,900,623 $ 1,899,249 $ 279,865 $ 16,108 $ 1,719,161 $ 10,688,972 Total mortgage loans $ 7,955,227 $ 11,746,462 $ 2,708,503 $ 1,809,762 $ 1,276,701 $ 4,023,097 $ 29,519,752 The following table represents the portfolio of consumer loan receivables by performance status: Performance status December 31, 2022 Consumer loans Current $ 5,113,507 30 to 59 days past due 62,742 60 to 89 days past due 31,371 90 days or more past due 20,914 Total consumer loans $ 5,228,534
Loan-To-Value Ratios	The following table summarizes Global Atlantic's loan-to-value ratios for its commercial mortgage loans as of March 31, 2023 and December 31, 2022: Loan-to-value as of March 31, 2023, 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 2023 $ 199,707 $ — $ — $ 199,707 2022 5,761,331 403,549 — 6,164,880 2021 5,047,465 1,758,632 120,911 6,927,008 2020 621,066 120,906 35,101 777,073 2019 1,230,676 186,670 103,322 1,520,668 2018 1,003,438 18,978 180,263 1,202,679 Prior 2,193,968 — 18,056 2,212,024 Total commercial mortgage loans $ 16,057,651 $ 2,488,735 $ 457,653 $ 19,004,039 Loan-to-value as of December 31, 2022, 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 2022 $ 5,677,763 $ 403,498 $ — $ 6,081,261 2021 4,971,346 1,758,748 115,745 6,845,839 2020 650,825 123,343 35,086 809,254 2019 1,211,523 215,050 103,324 1,529,897 2018 1,061,566 18,885 180,142 1,260,593 2017 699,144 — 18,160 717,304 Prior 1,586,632 — — 1,586,632 Total commercial mortgage loans $ 15,858,799 $ 2,519,524 $ 452,457 $ 18,830,780
Schedule of Repurchase Agreements	The carrying value of assets pledged for repurchase agreements by type of collateral and remaining contractual maturity of the repurchase agreements as of March 31, 2023 and December 31, 2022 is presented in the following tables: As of March 31, 2023 Overnight <30 Days 30 - 90 Days > 90 Days Total AFS corporate securities $ — $ — $ — $ 326,681 $ 326,681 Residential mortgage loans — 1,605 — — 1,605 Total borrowing $ — $ 1,605 $ — $ 326,681 $ 328,286 As of December 31, 2022 Overnight <30 Days 30 - 90 Days > 90 Days Total AFS corporate securities $ — $ — $ 507,656 $ 325,912 $ 833,568 Total borrowing $ — $ — $ 507,656 $ 325,912 $ 833,568
Financing Receivable, Troubled Debt Restructuring	The table below presents the carrying value of loans to borrowers experiencing financial difficulty, for which modifications have been granted during the period ended March 31, 2023. Carrying value as of March 31, 2023 by loan type Deferral of Amounts Due Interest Rate Relief Maturity Extension Combination (1) Total Percentage of total carrying value outstanding Commercial mortgage loans $ — $ — $ — $ 66,813 $ 66,813 0.35 % Residential mortgage loans 725 190 28,686 522 30,123 0.28 % Consumer loans 1,251 — — — 1,251 0.03 % Total $ 1,976 $ 190 $ 28,686 $ 67,335 $ 98,187 (1) Includes modifications involving deferral of amounts due, interest rate relief and/or maturity extension. The commercial mortgage loans that had a combination of modifications had both interest rate relief and maturity extensions. For these loans, the interest rate relief involved a change from a floating rate to a weighted average fixed rate of 5.5%. The maturity extensions for these loans added a weighted-average 1.0 years to the life of the loans. The table below presents the performance status of the loans modified during the period ended March 31, 2023. Performance status as of March 31, 2023 by loan type Current 30-59 days past due 60-89 days past due 90 days or more past due Total Commercial mortgage loans $ 66,813 $ — $ — $ — $ 66,813 Residential mortgage loans 21,016 5,213 2,910 984 30,123 Consumer loans 1,190 — 61 — 1,251 Total $ 89,019 $ 5,213 $ 2,971 $ 984 $ 98,187

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
DERIVATIVES (Tables)	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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 March 31, 2023 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 11,590,982 $ 573,820 $ 276,405 Other Derivatives 163,352 17,404 6,117 Total Asset Management $ 11,754,334 $ 591,224 $ 282,522 Insurance Derivatives designated as hedge accounting instruments: Interest rate contracts $ 8,063,500 $ 6,544 $ 590,222 Foreign currency contracts 2,108,725 34,604 41,315 Total derivatives designated as hedge accounting instruments $ 10,172,225 $ 41,148 $ 631,537 Derivatives not designated as hedge accounting instruments: Interest rate contracts $ 14,689,159 $ 225,297 $ 127,700 Equity market contracts 34,079,321 900,174 169,580 Foreign currency contracts 648,557 83,374 32,826 Credit risk contracts 60,000 — 851 Total derivatives not designated as hedge accounting instruments $ 49,477,037 $ 1,208,845 $ 330,957 Impact of netting (2) $ — $ (344,226) $ (344,226) Total Insurance (1) $ 59,649,262 $ 905,767 $ 618,268 Fair value included within total assets and liabilities $ 71,403,596 $ 1,496,991 $ 900,790 (1) Excludes embedded derivatives. The fair value of these embedded derivatives in an asset position was $(18.0) million and the fair value of these embedded derivatives in a liability position was $(281.7) million as of March 31, 2023. (2) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2022 Notional Value Derivative Derivative Asset Management Foreign Exchange Contracts and Options $ 16,144,795 $ 668,716 $ 406,746 Other Derivatives 125,000 7,519 11,018 Total Asset Management $ 16,269,795 $ 676,235 $ 417,764 Insurance Derivatives designated as hedge accounting instruments: Interest rate contracts $ 6,999,000 $ — $ 695,296 Foreign currency contracts 2,021,061 42,557 44,238 Total derivatives designated as hedge accounting instruments $ 9,020,061 $ 42,557 $ 739,534 Derivatives not designated as hedge accounting instruments: Interest rate contracts $ 8,700,253 $ 182,734 $ 267,033 Equity market contracts 34,889,122 626,391 91,344 Foreign currency contracts 675,390 84,883 47,442 Credit risk contracts 60,000 — 929 Total derivatives not designated as hedge accounting instruments $ 44,324,765 $ 894,008 $ 406,748 Impact of netting (2) $ — $ (212,175) $ (212,175) Total Insurance (1) $ 53,344,826 $ 724,390 $ 934,107 Fair value included within total assets and liabilities $ 69,614,621 $ 1,400,625 $ 1,351,871 (1) Excludes embedded derivatives. The fair value of these embedded derivatives in an asset position was $12.8 million and the fair value of these embedded derivatives in a liability position was $(1.3) billion as of December 31, 2022. (2) Represents netting of derivative exposures covered by qualifying master netting agreements.
Schedule of Derivative Liabilities at Fair Value	The following table presents the financial statement classification, carrying amount and cumulative fair value hedging adjustments for qualifying hedged assets and liabilities: As of March 31, 2023 As of December 31, 2022 Carrying amount of hedged assets/(liabilities) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities) (1) Carrying amount of hedged assets/(liabilities) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities) (1) AFS fixed maturity securities (2) $ 2,037,271 $ 29,624 $ 2,010,748 $ (61,785) Debt 975,672 (167,868) 945,873 (201,603) Policy liabilities (6,155,007) (349,127) (5,670,884) (435,494) (1) Includes $46.3 million and $53.1 million of hedging adjustments on discontinued hedging relationships as of March 31, 2023 and December 31, 2022, respectively. (2) Carrying amount is the amortized cost for AFS debt securities.
Derivative Gains and Losses	The following table presents the financial statement classification and amount of gains (losses) recognized on derivative instruments and related hedged items, where applicable: Three Months Ended March 31, 2023 Net investment-related gains (losses) Net investment income Net policy benefits and claims Interest expense Change in AOCI Derivatives designated as hedge accounting instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest rate contracts $ — $ — $ 34,557 $ 20,104 $ — Foreign currency contracts (35,388) — — — 9,280 Total gains (losses) on derivatives designated as hedge instruments $ (35,388) $ — $ 34,557 $ 20,104 $ 9,280 Gains (losses) on hedged items: Interest rate contracts $ — $ — $ (34,557) $ (20,104) $ — Foreign currency contracts 29,624 — — — — Total gains (losses) on hedged items $ 29,624 $ — $ (34,557) $ (20,104) $ — Amortization for gains (losses) excluded from assessment of effectiveness: Foreign currency contracts $ 6,826 $ — $ — $ — $ — Total amortization for gains (losses) excluded from assessment of effectiveness 6,826 — — — — Total gains (losses) on fair value hedges, net of hedged items $ 1,062 $ — $ — $ — $ 9,280 Cash flow hedges Interest rate contracts $ (268) $ — $ — $ — $ 57,920 Total gains (losses) on cash flow hedges $ (268) $ — $ — $ — $ 57,920 Derivatives not designated as hedge accounting instruments: Asset Management Foreign Exchange Contracts and Options $ (22,366) $ — $ — $ — $ — Other Derivatives 12,208 — — — — Total included in Net Gains (Losses) from Investment Activities $ (10,158) $ — $ — $ — $ — Insurance Embedded derivatives - funds withheld receivable $ (30,767) $ — $ — $ — $ — Embedded derivatives - funds withheld payable (430,235) — — — — Equity index options 83,887 — — — — Equity future contracts (40,825) — — — — Interest rate contracts and other contracts 68,996 — — — — Credit risk contracts (75) — — — — Total gains (losses) on derivatives not designated as hedge accounting instruments from Insurance Activities $ (349,019) $ — $ — $ — $ — Total $ (358,383) $ — $ — $ — $ 67,200 Three Months Ended March 31, 2022 Net investment-related gains (losses) Net investment income Net policy benefits and claims Interest expense Change in AOCI Derivatives designated as hedge accounting instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest rate contracts $ — $ — $ (121,374) $ (70,000) $ — Foreign currency contracts 40,742 — — — 18,318 Total gains (losses) on derivatives designated as hedge instruments $ 40,742 $ — $ (121,374) $ (70,000) $ 18,318 Gains (losses) on hedged items: Interest rate contracts $ — $ — $ 121,374 $ 70,000 $ — Foreign currency contracts (35,932) — — — — Total gains (losses) on hedged items $ (35,932) $ — $ 121,374 $ 70,000 $ — Amortization for gains (losses) excluded from assessment of effectiveness: Foreign currency contracts $ 3,544 $ — $ — $ — $ — Total amortization for gains (losses) excluded from assessment of effectiveness $ 3,544 $ — $ — $ — $ — Total gains (losses) on fair value hedges, net of hedged items $ 8,354 $ — $ — $ — $ 18,318 Cash flow hedges Interest rate contracts $ 203 $ — $ — $ — $ (48,064) Total gains (losses) on cash flow hedges $ 203 $ — $ — $ — $ (48,064) Derivatives not designated as hedge accounting instruments: Asset Management Foreign Exchange Contracts and Options $ (56,117) $ — $ — $ — $ — Other Derivatives 8,132 — — — — Total included in Net Gains (Losses) from Investment Activities $ (47,985) $ — $ — $ — $ — Insurance Embedded derivatives - funds withheld receivable $ (33,980) $ — $ — $ — $ — Embedded derivatives - funds withheld payable 1,180,435 — — — — Equity index options (223,366) — — — — Equity future contracts 79,796 — — — — Interest rate contracts and other contracts (150,176) — — — — Credit risk contracts (1,532) — — — — Total gains (losses) on derivatives not qualifying as hedge accounting instruments from Insurance Activities $ 851,177 $ — $ — $ — $ — Total $ 811,749 $ — $ — $ — $ (29,746)
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 March 31, 2023 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,249,993 $ (344,226) $ 905,767 $ (644,591) $ 261,176 Derivative liabilities (excluding embedded derivatives) $ 962,494 $ (344,226) $ 618,268 $ 371,856 $ 246,412 (1) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2022 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 936,565 $ (212,175) $ 724,390 $ (466,371) $ 258,019 Derivative liabilities (excluding embedded derivatives) $ 1,146,282 $ (212,175) $ 934,107 $ 366,508 $ 567,599 (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 March 31, 2023 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 1,249,993 $ (344,226) $ 905,767 $ (644,591) $ 261,176 Derivative liabilities (excluding embedded derivatives) $ 962,494 $ (344,226) $ 618,268 $ 371,856 $ 246,412 (1) Represents netting of derivative exposures covered by qualifying master netting agreements. As of December 31, 2022 Gross amount recognized Gross amounts offset in the statements of financial position (1) Net amounts presented in the statements of financial condition Collateral (received) / pledged Net amount after collateral Derivative assets (excluding embedded derivatives) $ 936,565 $ (212,175) $ 724,390 $ (466,371) $ 258,019 Derivative liabilities (excluding embedded derivatives) $ 1,146,282 $ (212,175) $ 934,107 $ 366,508 $ 567,599 (1) Represents netting of derivative exposures covered by qualifying master netting agreements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2023
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: March 31, 2023 Level I Level II Level III Total Asset Management Private Equity $ 1,199,178 $ 65,526 $ 26,189,501 $ 27,454,205 Credit 287,728 2,107,625 5,902,578 8,297,931 Investments of Consolidated CFEs — 24,013,221 — 24,013,221 Real Assets — 907,623 18,946,851 19,854,474 Equity Method - Other 408,987 983,614 1,602,694 2,995,295 Other Investments 256,140 87,107 3,738,446 4,081,693 Total Investments $ 2,152,033 $ 28,164,716 $ 56,380,070 $ 86,696,819 Foreign Exchange Contracts and Options — 573,820 — 573,820 Other Derivatives — 17,404 — 17,404 Total Assets at Fair Value - Asset Management $ 2,152,033 $ 28,755,940 $ 56,380,070 $ 87,288,043 Insurance AFS fixed maturity securities: U.S. government and agencies $ 290,343 $ 88,183 $ — $ 378,526 U.S. state, municipal and political subdivisions — 4,568,224 — 4,568,224 Corporate — 31,939,768 8,294,423 40,234,191 Structured securities — 20,877,017 1,770,785 22,647,802 Total AFS fixed maturity securities $ 290,343 $ 57,473,192 $ 10,065,208 $ 67,828,743 Trading fixed maturity securities: U.S. government and agencies $ 254,678 $ 63,165 $ — $ 317,843 U.S. state, municipal and political subdivisions — 622,337 — 622,337 Corporate — 7,489,952 631,870 8,121,822 Structured securities — 3,031,798 661,565 3,693,363 Total trading fixed maturity securities $ 254,678 $ 11,207,252 $ 1,293,435 $ 12,755,365 Equity securities 2,229 — 15,311 17,540 Mortgage and other loan receivables — — 773,917 773,917 Other investments (1) — — 5,009,113 5,009,113 Funds withheld receivable at interest — — (17,982) (17,982) Reinsurance recoverable — — 1,010,602 1,010,602 Derivative assets: Equity market contracts 12,439 887,735 — 900,174 Interest rate contracts 26,775 205,066 — 231,841 Foreign currency contracts — 117,978 — 117,978 Impact of netting (2) (60,383) (283,843) — (344,226) Total derivative assets $ (21,169) $ 926,936 $ — $ 905,767 Separate account assets 4,164,803 — — 4,164,803 Total Assets at Fair Value - Insurance $ 4,690,884 $ 69,607,380 $ 18,149,604 $ 92,447,868 Total Assets at Fair Value $ 6,842,917 $ 98,363,320 $ 74,529,674 $ 179,735,911 December 31, 2022 Level I Level II Level III Total Asset Management Private Equity $ 1,057,025 $ 213,706 $ 25,336,957 $ 26,607,688 Credit 187,504 1,830,862 5,786,026 7,804,392 Investments of Consolidated CFEs — 22,492,366 — 22,492,366 Real Assets — 961,254 17,015,112 17,976,366 Equity Method - Other 435,315 883,652 1,624,420 2,943,387 Other Investments 395,972 63,060 3,334,366 3,793,398 Total Investments $ 2,075,816 $ 26,444,900 $ 53,096,881 $ 81,617,597 Foreign Exchange Contracts and Options — 668,716 — 668,716 Other Derivatives 9 7,510 — 7,519 Total Assets at Fair Value - Asset Management $ 2,075,825 $ 27,121,126 $ 53,096,881 $ 82,293,832 Insurance AFS fixed maturity securities: U.S. government and agencies $ 283,402 $ 83,339 $ — $ 366,741 U.S. state, municipal and political subdivisions — 4,410,960 — 4,410,960 Corporate — 28,006,275 8,310,657 36,316,932 Structured securities — 19,425,455 1,419,441 20,844,896 Total AFS fixed maturity securities $ 283,402 $ 51,926,029 $ 9,730,098 $ 61,939,529 Trading fixed maturity securities: U.S. government and agencies $ 93,697 $ 59,940 $ — $ 153,637 U.S. state, municipal and political subdivisions — 705,836 — 705,836 Corporate — 7,218,354 672,023 7,890,377 Structured securities — 2,645,186 643,811 3,288,997 Total trading fixed maturity securities $ 93,697 $ 10,629,316 $ 1,315,834 $ 12,038,847 Equity securities 2,213 — 16,286 18,499 Mortgage and other loan receivables — — 787,515 787,515 Other investments (1) — — 4,883,441 4,883,441 Funds withheld receivable at interest — — 12,785 12,785 Reinsurance recoverable — — 981,775 981,775 Derivative assets: Equity market contracts 31,025 595,366 — 626,391 Interest rate contracts 4,856 177,878 — 182,734 Foreign currency contracts — 127,440 — 127,440 Impact of netting (2) (7,079) (205,096) — (212,175) Total derivative assets $ 28,802 $ 695,588 $ — $ 724,390 Separate account assets 4,130,794 — — 4,130,794 Total Assets at Fair Value - Insurance $ 4,538,908 $ 63,250,933 $ 17,727,734 $ 85,517,575 Total Assets at Fair Value $ 6,614,733 $ 90,372,059 $ 70,824,615 $ 167,811,407 (1) 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 March 31, 2023 and December 31, 2022, the fair value of these investments was $139.1 million and $148.9 million, respectively. (2) Represents netting of derivative exposures covered by qualifying master netting agreements. Liabilities, at fair value: March 31, 2023 Level I Level II Level III Total Asset Management Securities Sold Short $ 100,861 $ — $ — $ 100,861 Foreign Exchange Contracts and Options — 276,405 — 276,405 Unfunded Revolver Commitments — — 112,534 (1) 112,534 Other Derivatives 63 6,054 — 6,117 Debt Obligations of Consolidated CFEs — 23,804,584 — 23,804,584 Total Liabilities at Fair Value - Asset Management $ 100,924 $ 24,087,043 $ 112,534 $ 24,300,501 Insurance Policy liabilities (3) (including market risk benefits) $ — $ — $ 1,133,779 $ 1,133,779 Closed block policy liabilities — — 1,046,458 1,046,458 Funds withheld payable at interest — — (3,057,531) (3,057,531) Derivative instruments payable: Equity market contracts 40,810 128,770 — 169,580 Interest rate contracts 23,783 694,139 — 717,922 Foreign currency contracts — 74,141 — 74,141 Credit contracts — 851 — 851 Impact of netting (2) (60,383) (283,843) — (344,226) Total derivative instruments payable 4,210 614,058 — 618,268 Embedded derivative – interest-sensitive life products — — 373,391 373,391 Embedded derivative – annuity products — — 2,402,427 2,402,427 Total Liabilities at Fair Value - Insurance $ 4,210 $ 614,058 $ 1,898,524 $ 2,516,792 Total Liabilities at Fair Value $ 105,134 $ 24,701,101 $ 2,011,058 $ 26,817,293 December 31, 2022 Level I Level II Level III Total Asset Management Securities Sold Short $ 158,751 $ — $ — $ 158,751 Foreign Exchange Contracts and Options — 406,746 — 406,746 Unfunded Revolver Commitments — — 137,315 (1) 137,315 Other Derivatives — 11,018 — 11,018 Debt Obligations of Consolidated CFEs — 22,273,242 — 22,273,242 Total Liabilities at Fair Value - Asset Management $ 158,751 $ 22,691,006 $ 137,315 $ 22,987,072 Insurance Policy liabilities (3) (including market risk benefits) $ — $ — $ 1,063,496 $ 1,063,496 Closed block policy liabilities — — 1,016,313 1,016,313 Funds withheld payable at interest — — (3,487,766) (3,487,766) Derivative instruments payable: Equity market contracts 2,692 88,652 — 91,344 Interest rate contracts 9,693 952,636 — 962,329 Foreign currency contracts — 91,680 — 91,680 Credit contracts — 929 — 929 Impact of netting (2) (7,079) (205,096) — (212,175) Total derivative instruments payable 5,306 928,801 — 934,107 Embedded derivative – interest-sensitive life products — — 337,860 337,860 Embedded derivative – annuity products — — 1,851,381 1,851,381 Total Liabilities at Fair Value - Insurance $ 5,306 $ 928,801 $ 781,284 $ 1,715,391 Total Liabilities at Fair Value $ 164,057 $ 23,619,807 $ 918,599 $ 24,702,463 (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. (3) Includes market risk benefit of $764.4 million and $682.0 million, respectively.
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 three months ended March 31, 2023 and 2022, respectively. Three Months Ended March 31, 2023 Balance, Beg. of Period Transfers In / (Out) - Changes in Consolidation 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 $ 25,336,957 $ — $ — $ — $ 933,427 $ (80,883) $ — $ 26,189,501 $ (82,903) $ — Credit 5,786,026 — 17,628 (23,758) 76,332 46,350 — 5,902,578 44,069 — Real Assets 17,015,112 — — — 2,215,040 (283,301) — 18,946,851 (288,639) — Equity Method - Other 1,624,420 — — — 5,644 (27,370) — 1,602,694 (23,357) — Other Investments 3,334,366 — — (22,376) 511,252 (84,796) — 3,738,446 (92,618) — Other Derivatives — — — — 2,153 (2,153) — — — — Total Assets - Asset Management $ 53,096,881 $ — $ 17,628 $ (46,134) $ 3,743,848 $ (432,153) $ — $ 56,380,070 $ (443,448) $ — Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 8,310,657 $ — $ — $ — $ (66,084) $ 21,265 $ 28,585 $ 8,294,423 $ — $ 19,326 Structured securities 1,419,441 — 170,775 (3,374) 154,983 (4,139) 33,099 1,770,785 — 32,822 Total AFS fixed maturity securities 9,730,098 — 170,775 (3,374) 88,899 17,126 61,684 10,065,208 — 52,148 Trading fixed maturity securities: Corporate fixed maturity securities 672,023 — — — (27,893) (12,260) — 631,870 (11,841) — Structured securities 643,811 — 5,890 (6,747) 14,017 4,594 — 661,565 6,060 — Total trading fixed maturity securities 1,315,834 — 5,890 (6,747) (13,876) (7,666) — 1,293,435 (5,781) — Equity securities 16,286 — — — — (975) — 15,311 (975) — Mortgage and other loan receivables 787,515 — — — (10,560) (3,038) — 773,917 (2,165) — Other investments 4,883,441 — — — 110,942 14,730 — 5,009,113 24,546 — Funds withheld receivable at interest 12,785 — — — — (30,767) — (17,982) — — Reinsurance recoverable 981,775 — — — (10,654) 39,481 — 1,010,602 — — Total Assets - Insurance $ 17,727,734 $ — $ 176,665 $ (10,121) $ 164,751 $ 28,891 $ 61,684 $ 18,149,604 $ 15,625 $ 52,148 Total $ 70,824,615 $ — $ 194,293 $ (56,255) $ 3,908,599 $ (403,262) $ 61,684 $ 74,529,674 $ (427,823) $ 52,148 Three Months Ended March 31, 2022 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 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 $ 23,322,634 $ — $ — $ (138,220) $ 680,792 $ 133,810 $ — $ 23,999,016 $ 18,304 $ — Credit 5,826,661 — — — (383,841) (126,598) (1,369) 5,314,853 (58,683) (1,369) Real Assets 11,389,530 — — — 1,008,641 893,952 — 13,292,123 864,586 — Equity Method - Other 1,013,807 — — — 40,182 (69,085) — 984,904 (71,310) — Other Investments 3,240,013 — — — (86,258) (18,829) — 3,134,926 (14,995) — Other Derivatives 479 — — — 11,284 (11,058) — 705 (11,058) — Total Assets - Asset Management $ 44,793,124 $ — $ — $ (138,220) $ 1,270,800 $ 802,192 $ (1,369) $ 46,726,527 $ 726,844 $ (1,369) Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 7,650,660 $ — $ — $ — $ 391,605 $ 1,275 $ (73,345) $ 7,970,195 $ — $ (46,123) Structured securities 828,401 — 343,338 — 228,734 (3,409) (14,525) 1,382,539 — (20,703) Total AFS fixed maturity securities 8,479,061 — 343,338 — 620,339 (2,134) (87,870) 9,352,734 — (66,826) Trading fixed maturity securities: Corporate fixed maturity securities 565,025 — — (31,407) 182,432 (10,365) — 705,685 (11,116) — Structured securities 418,774 — 98,307 (21,745) 144,203 (8,960) — 630,579 (10,412) — Total trading fixed maturity securities 983,799 — 98,307 (53,152) 326,635 (19,325) — 1,336,264 (21,528) — Equity securities 32,937 — — — — — — 32,937 20,292 — Mortgage and other loan receivables 832,674 — — — 203,197 (27,965) — 1,007,906 (9,559) — Other investments 1,603,345 — — — 1,920,480 96,361 — 3,620,186 108,587 — Funds withheld receivable at interest 31,740 — — — 10,435 (33,979) — 8,196 — — Reinsurance recoverable 1,293,791 — — — (14,375) (47,459) — 1,231,957 — — Total Assets - Insurance $ 13,257,347 $ — $ 441,645 $ (53,152) $ 3,066,711 $ (34,501) $ (87,870) $ 16,590,180 $ 97,792 $ (66,826) Total $ 58,050,471 $ — $ 441,645 $ (191,372) $ 4,337,511 $ 767,691 $ (89,239) $ 63,316,707 $ 824,636 $ (68,195) Three Months Ended March 31, 2023 Purchases Issuances Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 955,937 $ — $ (22,510) $ — $ 933,427 Credit 440,733 — (278,981) (85,420) 76,332 Real Assets 2,291,691 — (75,612) (1,039) 2,215,040 Equity Method - Other 6,472 — (828) — 5,644 Other Investments 592,177 — (16,016) (64,909) 511,252 Other Derivatives 2,153 — — — 2,153 Total Assets - Asset Management $ 4,289,163 $ — $ (393,947) $ (151,368) $ 3,743,848 Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 235,382 $ — $ (588) $ (300,878) $ (66,084) Structured securities 176,819 — — (21,836) 154,983 Total AFS fixed maturity securities 412,201 — (588) (322,714) 88,899 Trading fixed maturity securities: Corporate fixed maturity securities 7,717 — (1,000) (34,610) (27,893) Structured securities 24,650 — (694) (9,939) 14,017 Total trading fixed maturity securities 32,367 — (1,694) (44,549) (13,876) Mortgage and other loan receivables 377 — (3,078) (7,859) (10,560) Other investments 118,394 — (7,452) — 110,942 Reinsurance recoverable — — — (10,654) (10,654) Total Assets - Insurance $ 563,339 $ — $ (12,812) $ (385,776) $ 164,751 Total $ 4,852,502 $ — $ (406,759) $ (537,144) $ 3,908,599 Three Months Ended March 31, 2022 Purchases Issuances Sales Settlements Net Purchases/ Issuances/ Sales/ Settlements Assets Asset Management Private Equity $ 904,261 $ — $ (223,469) $ — $ 680,792 Credit 519,351 — (885,330) (17,862) (383,841) Real Assets 1,510,787 — (502,146) — 1,008,641 Equity Method - Other 41,819 — (1,637) — 40,182 Other Investments 161,876 — (248,134) — (86,258) Other Derivatives 11,284 — — — 11,284 Total Assets - Asset Management $ 3,149,378 $ — $ (1,860,716) $ (17,862) $ 1,270,800 Insurance AFS fixed maturity securities: Corporate fixed maturity securities $ 924,672 $ — $ (58,392) $ (474,675) $ 391,605 Structured securities 231,916 — — (3,182) 228,734 Total AFS fixed maturity securities 1,156,588 — (58,392) (477,857) 620,339 Trading fixed maturity securities: Corporate fixed maturity securities 189,017 — — (6,585) 182,432 Structured securities 155,253 — — (11,050) 144,203 Total trading fixed maturity securities 344,270 — — (17,635) 326,635 Mortgage and other loan receivables 220,225 — — (17,028) 203,197 Other investments 1,920,480 — — — 1,920,480 Funds withheld receivable at interest — 10,435 — — 10,435 Reinsurance recoverable — — — (14,375) (14,375) Total Assets - Insurance $ 3,641,563 $ 10,435 $ (58,392) $ (526,895) $ 3,066,711 Total $ 6,790,941 $ 10,435 $ (1,919,108) $ (544,757) $ 4,337,511 Three Months Ended March 31, 2023 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 $ 137,315 $ — $ — $ — $ — $ (24,781) $ — $ 112,534 $ (24,781) Total Liabilities - Asset Management $ 137,315 $ — $ — $ — $ — $ (24,781) $ — $ 112,534 $ (24,781) Insurance Policy liabilities $ 1,063,496 $ — $ — $ — $ (865) $ 123,163 $ (52,015) $ 1,133,779 $ — Closed block policy liabilities 1,016,313 — — — (5,862) 37,258 (1,251) 1,046,458 — Funds withheld payable at interest (3,487,766) — — — — 430,235 — (3,057,531) — Embedded derivative – interest-sensitive life products 337,860 — — — (2,948) 38,479 — 373,391 — Embedded derivative – annuity products 1,851,381 — — — 349,482 201,564 — 2,402,427 — Total Liabilities - Insurance $ 781,284 $ — $ — $ — $ 339,807 $ 830,699 $ (53,266) $ 1,898,524 $ — Total $ 918,599 $ — $ — $ — $ 339,807 $ 805,918 $ (53,266) $ 2,011,058 $ (24,781) Three Months Ended March 31, 2022 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 $ 64,276 $ — $ — $ — $ — $ 280 $ — $ 64,556 $ 280 Total Liabilities - Asset Management $ 64,276 $ — $ — $ — $ — $ 280 $ — $ 64,556 $ 280 Insurance Policy liabilities $ 1,962,855 $ — $ — $ — $ 41,704 $ (248,431) $ (172,600) $ 1,583,528 $ — Closed block policy liabilities 1,350,224 — — — (81,101) (2,992) 3,860 1,269,991 — Funds withheld payable at interest (49,491) — — — 10,435 (1,180,435) — (1,219,491) — Embedded derivative – interest-sensitive life products 557,276 — — — 6,732 (51,993) — 512,015 — Embedded derivative – annuity products 1,864,409 — — — 95,901 (247,083) — 1,713,227 — Total Liabilities - Insurance $ 5,685,273 $ — $ — $ — $ 73,671 $ (1,730,934) $ (168,740) $ 3,859,270 $ — Total $ 5,749,549 $ — $ — $ — $ 73,671 $ (1,730,654) $ (168,740) $ 3,923,826 $ 280 Three Months Ended March 31, 2023 Issuances Sales Settlements Net Issuances/Settlements Liabilities Asset Management Unfunded Revolver Commitments $ — $ — $ — $ — Total Liabilities - Asset Management $ — $ — $ — $ — Insurance Policy liabilities $ (45) $ — $ (820) $ (865) Closed block policy liabilities — — (5,862) (5,862) Embedded derivative – interest-sensitive life products — — (2,948) (2,948) Embedded derivative – annuity products 368,898 — (19,416) 349,482 Total Liabilities - Insurance $ 368,853 $ — $ (29,046) $ 339,807 Total $ 368,853 $ — $ (29,046) $ 339,807 Three Months Ended March 31, 2022 Issuances Sales Settlements Net Issuances/Settlements Liabilities Asset Management Unfunded Revolver Commitments $ — $ — $ — $ — Total Liabilities - Asset Management $ — $ — $ — $ — Insurance Policy liabilities $ 42,370 $ — $ (666) $ 41,704 Closed block policy liabilities — — (81,101) (81,101) Funds withheld payable at interest 10,435 — — 10,435 Embedded derivative – interest-sensitive life products 6,808 — (76) 6,732 Embedded derivative – annuity products 104,981 — (9,080) 95,901 Total Liabilities - Insurance $ 164,594 $ — $ (90,923) $ 73,671 Total $ 164,594 $ — $ (90,923) $ 73,671
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 March 31, 2023. 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 March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Private Equity $ 26,189,501 Private Equity $ 23,621,124 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.4% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 27.5% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 65.0% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 7.5% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 17.5x 8.1x - 50.9x Increase Enterprise Value/Forward EBITDA Multiple 15.7x 7.8x - 33.2x Increase Discounted cash flow Weighted Average Cost of Capital 10.3% 6.7% - 13.9% Decrease Enterprise Value/LTM EBITDA Exit Multiple 14.4x 6.0x - 27.6x Increase Level III Assets Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Growth Equity $ 2,568,377 Inputs to market comparables, discounted cash flow and milestones Illiquidity Discount 9.0% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 34.3% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 0.9% 0.0% - 40.0% (5) Weight Ascribed to Milestones 64.8% 0.0% - 100.0% (6) Scenario Weighting Base 75.8% 70.0% - 80.0% Increase Downside 6.2% 0.0% - 15.0% Decrease Upside 18.0% 10.0% - 25.0% Increase Credit $ 5,902,578 Yield Analysis Yield 11.7% 5.0% - 20.8% Decrease Net Leverage 6.1x 0.2x - 16.9x Decrease EBITDA Multiple 12.5x 0.3x - 33.0x Increase Real Assets $ 18,946,851 Energy $ 1,599,676 Inputs to market comparables, discounted cash flow and transaction price Weight Ascribed to Market Comparables 41.8% 0.0% - 50.0% (4) Weight Ascribed to Discounted Cash Flow 57.4% 5.0% - 100.0% (5) Weight Ascribed to Transaction Price 0.8% 0.0% - 90.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 3.4x 3.4x - 3.4x Increase Enterprise Value/Forward EBITDA Multiple 6.1x 4.0x- 7.0x Increase Discounted cash flow Weighted Average Cost of Capital 12.1% 10.1% - 12.3% Decrease Average Price Per BOE (8) $51.31 $48.23 - $56.88 Increase Infrastructure $ 9,408,267 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 5.6% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 1.1% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 65.8% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 33.1% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 10.7x 10.7x - 10.7x Increase Enterprise Value/Forward EBITDA Multiple 14.3x 10.5x - 19.9x Increase Discounted cash flow Weighted Average Cost of Capital 7.7% 5.1% - 9.0% Decrease Enterprise Value/LTM EBITDA Exit Multiple 16.9x 10.0x - 22.0x Increase Real Estate $ 7,938,908 Inputs to direct income capitalization, discounted cash flow and transaction price Weight Ascribed to Direct Income Capitalization 23.6% 0.0% - 100.0% (7) Weight Ascribed to Discounted Cash Flow 73.1% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 3.3% 0.0% - 100.0% (6) Direct income capitalization Current Capitalization Rate 5.1% 2.3% - 8.1% Decrease Discounted cash flow Unlevered Discount Rate 6.8% 2.6% - 18.0% Decrease Equity Method - Other $ 1,602,694 Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 6.6% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 49.5% 10.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 32.7% 0.0% - 50.0% (5) Weight Ascribed to Transaction Price 17.8% 0.0% - 80.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 14.2x 10.9x - 20.0x Increase Enterprise Value/Forward EBITDA Multiple 12.5x 9.6x - 19.2x Increase Discounted cash flow Weighted Average Cost of Capital 10.5% 7.3% - 16.5% Decrease Enterprise Value/LTM EBITDA Exit Multiple 10.9x 9.5x - 15.0x Increase Other Investments $ 3,738,446 (9) Inputs to market comparables, discounted cash flow and transaction price Illiquidity Discount 8.4% 5.0% - 15.0% Decrease Weight Ascribed to Market Comparables 14.8% 0.0% - 100.0% (4) Weight Ascribed to Discounted Cash Flow 46.7% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price 38.5% 0.0% - 100.0% (6) Market comparables Enterprise Value/LTM EBITDA Multiple 10.9x 6.5x - 23.0x Increase Enterprise Value/Forward EBITDA Multiple 13.6x 6.3x - 19.1x Increase Discounted cash flow Weighted Average Cost of Capital 11.2% 8.1% - 44.2% Decrease Enterprise Value/LTM EBITDA Exit Multiple 12.1x 8.5x - 15.0x Increase Level III Assets Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) INSURANCE Corporate fixed maturity securities $ 1,669,694 Discounted cash flow Discount Spread 3.19% 0.65% - 5.30% Decrease Structured securities $ 92,067 Discounted cash flow Discount Spread 3.63% 3.08% - 6.82% Decrease Constant Prepayment Rate 7.02% 5.00% - 15.00% Increase/Decrease Constant Default Rate 1.19% 1.00% - 2.50% Decrease Loss Severity 100% Decrease Other investments $ 4,805,747 Discounted cash flow Vacancy rate 2.95% 0.00% - 5.00% Decrease Discount rate 7.59% 5.75% - 8.00% Decrease Terminal capitalization rate 5.94% 4.50% - 6.59% Decrease Funds withheld receivable at interest $ (17,982) Discounted cash flow Duration/Weighted Average Life 8.35 years 0.0 years - 19.7 years Increase Contractholder Persistency 6.80% 3.60% - 16.80% Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% Decrease Reinsurance recoverable $ 1,010,602 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption $17.2 The average expense assumption is between $8.23 and $78.00 per policy, increased by inflation. The annual inflation rate was increased by 2.50%. 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 9.7% 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 5.46% Increase Surrender Rate 2.01% 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 86% liquids and 14% 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 March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) ASSET MANAGEMENT Unfunded Revolver Commitments $ 112,534 Yield Analysis Yield 16.1% 9.2% - 61.3% Decrease INSURANCE Policy liabilities $ 1,133,779 Policy liabilities under fair value option: 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 1.48% 0.92% - 2.23% Decrease Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. Surrender Rate 6.03% 3.55% - 7.05% Decrease Mortality Rate 4.43% 3.52% - 9.04% Increase Market risk benefit: Fair value using a non-option and option valuation approach Interest rates (10 and 30 year Treasury) 3.48% / 3.67% Decrease Instrument-specific credit risk (10 and 30 year) 1.58% / 1.74% Decrease Policyholder behavior is also a significant unobservable input, including lapse, surrender, and mortality. Mortality Rate 2.10% 0.60% - 22.30% Increase Lapse Rate 3.10% 0.40% - 40.40% Increase Closed block policy liabilities $ 1,046,458 Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. Expense assumption $17.2 The average expense assumption is between $8.23 and $78.00 per policy, increased by inflation. The annual inflation rate was increased by 2.50%. Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% 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 9.7% 3.69% - 13.85% Increase Discounted cash flow Mortality Rate 5.46% Increase Surrender Rate 2.01% Increase Funds withheld payable at interest $ (3,057,531) Discounted cash flow Duration/Weighted Average Life 8.35 years 0.0 years - 16.85 years Decrease Contractholder Persistency 6.80% 3.60% - 16.80% Decrease Level III Liabilities Fair Value March 31, 2023 Valuation Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Instrument-specific credit risk 1.63% 0.92% - 1.74% Decrease Embedded derivative – interest-sensitive life products $ 373,391 Policy persistency is a significant unobservable input. Lapse Rate 3.35% Decrease Mortality Rate 0.76% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption 3.67% Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% Decrease Embedded derivative – annuity products $ 2,402,427 Policyholder behavior is a significant unobservable input, including utilization and lapse. Utilization: Fixed-indexed annuity 3.41% Decrease Surrender Rate: Retail FIA 11.23% Decrease Institutional FIA 16.68% Decrease Mortality Rate: Retail FIA 2.13% Decrease Institutional FIA 2.07% Decrease Future costs for options used to hedge the contract obligations Option Budge Assumption: Retail RIA 2.16% Increase Institutional FIA 2.78% Increase Instrument-specific credit risk 1.63% 0.92% - 1.74% 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 March 31, 2023 and December 31, 2022: Fair Value Hierarchy As of March 31, 2023 Carrying Value Level I Level II Level III Fair Value ($ in thousands) Financial assets: Insurance Mortgage and other loan receivables $ 33,924,777 $ — $ — $ 30,972,550 $ 30,972,550 Policy loans 880,029 — — 834,716 834,716 FHLB common stock and other investments 165,322 — — 165,322 165,322 Funds withheld receivables at interest 2,792,712 — 2,792,712 — 2,792,712 Cash and cash equivalents 3,713,382 3,713,382 — — 3,713,382 Restricted cash and cash equivalents 277,398 277,398 — — 277,398 Total financial assets $ 41,753,620 $ 3,990,780 $ 2,792,712 $ 31,972,588 $ 38,756,080 Financial liabilities: Insurance Policy liabilities - policyholder account balances $ 48,966,089 $ — $ 39,352,603 $ 7,268,330 $ 46,620,933 Funds withheld payables at interest 26,053,226 — 26,053,226 — 26,053,226 Debt obligations 2,157,283 — — 1,816,578 1,816,578 Securities sold under agreements to repurchase 313,797 — 313,797 — 313,797 Total financial liabilities $ 77,490,395 $ — $ 65,719,626 $ 9,084,908 $ 74,804,534 Fair Value Hierarchy As of December 31, 2022 Carrying Value Level I Level II Level III Fair Value ($ in thousands) Financial assets: Insurance Mortgage and other loan receivables $ 34,303,183 $ — $ — $ 31,256,107 $ 31,256,107 Policy loans 868,911 — — 789,726 789,726 FHLB common stock and other investments 163,289 — — 163,289 163,289 Funds withheld receivables at interest 2,855,251 — 2,855,251 — 2,855,251 Cash and cash equivalents 6,118,231 6,118,231 — — 6,118,231 Restricted cash and cash equivalents 308,383 308,383 — — 308,383 Total financial assets $ 44,617,248 $ 6,426,614 $ 2,855,251 $ 32,209,122 $ 41,490,987 Financial liabilities: Insurance Policy liabilities - policyholder account balances $ 48,403,949 $ — $ 38,328,025 $ 7,383,537 $ 45,711,562 Funds withheld payables at interest 26,227,183 — 26,227,183 — 26,227,183 Debt obligations 2,128,166 — — 1,698,526 1,698,526 Securities sold under agreements to repurchase 805,316 — 805,316 — 805,316 Total financial liabilities $ 77,564,614 $ — $ 65,360,524 $ 9,082,063 $ 74,442,587

FAIR VALUE OPTION (Tables)

FAIR VALUE OPTION (Tables)	3 Months Ended
FAIR VALUE OPTION (Tables)	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 Assets Asset Management Credit $ 977,190 $ 1,121,775 Investments of Consolidated CFEs 24,013,221 22,492,366 Real Assets 194,451 202,153 Equity Method - Other 2,995,295 2,943,387 Other Investments 87,215 88,046 Total Asset Management $ 28,267,372 $ 26,847,727 Insurance Mortgage and other loan receivables $ 773,917 $ 787,515 Other investments 288,208 335,168 Reinsurance recoverable 1,010,602 981,775 Total Insurance $ 2,072,727 $ 2,104,458 Total Assets $ 30,340,099 $ 28,952,185 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ 23,804,584 $ 22,273,242 Total Asset Management $ 23,804,584 $ 22,273,242 Insurance Policy liabilities $ 1,425,180 $ 1,410,951 Total Insurance $ 1,425,180 $ 1,410,951 Total Liabilities $ 25,229,764 $ 23,684,193 The following table presents the net realized and unrealized gains (losses) on financial instruments for which the fair value option was elected: Three Months Ended March 31, 2023 Net Realized Net Unrealized Gains (Losses) Total Assets Asset Management Credit $ (7,753) $ (6,971) $ (14,724) Investments of Consolidated CFEs (5,017) 317,881 312,864 Real Assets — (8,303) (8,303) Equity Method - Other 33,306 (75,743) (42,437) Other Investments 1,636 2,478 4,114 Total Asset Management $ 22,172 $ 229,342 $ 251,514 Insurance Mortgage and other loan receivables $ — $ (6,344) $ (6,344) Other investments — (46,992) (46,992) Total Insurance $ — $ (53,336) $ (53,336) Total Assets $ 22,172 $ 176,006 $ 198,178 Liabilities Asset Management Debt Obligations of Consolidated CFEs $ — $ (376,488) $ (376,488) Total Asset Management $ — $ (376,488) $ (376,488) Insurance Policy liabilities $ — $ 594 $ 594 Total Insurance $ — $ 594 $ 594 Total Liabilities $ — $ (375,894) $ (375,894) Three Months Ended March 31, 2022 Net Realized Net Unrealized Total Assets Asset Management Credit $ (37,515) $ (15,834) $ (53,349) Investments of Consolidated CFEs 2,949 (269,548) (266,599) Real Assets 85 24,685 24,770 Equity Method - Other (16,333) (45,468) (61,801) Other Investments 6,308 (7,685) (1,377) Total Asset Management $ (44,506) $ (313,850) $ (358,356) Insurance Mortgage and other loan receivables $ — $ (27,015) $ (27,015) Other investments — 27,737 27,737 Total Insurance $ — $ 722 $ 722 Total Assets $ (44,506) $ (313,128) $ (357,634) Liabilities Asset Management Debt Obligations of Consolidated CFEs $ (785) $ 226,058 225,273 Total Asset Management $ (785) $ 226,058 $ 225,273 Insurance Policy liabilities $ — $ 2,992 $ 2,992 Total Insurance $ — $ 2,992 $ 2,992 Total Liabilities $ (785) $ 229,050 $ 228,265

INSURANCE INTANGIBLES, UNEARN_2

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Schedule of Intangible Assets, Net	The following reflects the reconciliation of the components of insurance intangibles to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, December 31, 2023 2022 Deferred acquisition costs $ 930,468 $ 820,970 Value of business acquired 1,293,927 1,316,529 Cost-of-reinsurance assets 167,215 193,995 Total insurance intangibles $ 2,391,610 $ 2,331,494
Changes to Deferred Policy Acquisition Costs	The following tables reflect the deferred acquisition costs roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 221,679 $ 367,813 $ 116,021 $ 115,457 $ 820,970 Capitalizations 59,969 52,469 11,128 17,112 140,678 Amortization expense (13,607) (12,930) (1,258) (3,385) (31,180) Balance, as of the end of the period $ 268,041 $ 407,352 $ 125,891 $ 129,184 $ 930,468 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Other Total Balance, as of the beginning of the period $ 107,104 $ 179,449 $ 54,298 $ 56,730 $ 397,581 Capitalizations 28,519 51,769 21,894 19,233 121,415 Amortization expense (5,023) (5,639) (1,439) (1,876) (13,977) Balance, as of the end of the period $ 130,600 $ 225,579 $ 74,753 $ 74,087 $ 505,019
Changes to Value of Business Acquired Asset	The following tables reflect the value of business acquired, or “VOBA” asset roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 48,762 $ 663,296 $ 276,795 $ 241,778 $ 85,898 $ 1,316,529 Amortization expense (972) (10,358) (3,048) (6,370) (1,854) (22,602) Balance, as of the end of the period $ 47,790 $ 652,938 $ 273,747 $ 235,408 $ 84,044 $ 1,293,927 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 52,723 $ 709,271 $ 292,323 $ 269,172 $ 94,479 $ 1,417,968 Amortization expense (1,000) (12,503) (3,948) (7,018) (2,764) (27,233) Balance, as of the end of the period $ 51,723 $ 696,768 $ 288,375 $ 262,154 $ 91,715 $ 1,390,735 The following tables reflect the negative value of business acquired, or “negative VOBA” liability roll-forward by product category for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 98,342 $ 145,610 $ 461,592 $ 99,776 $ 198,804 $ 1,004,124 Amortization expense (8,720) (10,036) (8,144) (2,423) (5,349) (34,672) Balance, as of the end of the period $ 89,622 $ 135,574 $ 453,448 $ 97,353 $ 193,455 $ 969,452 Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Variable annuities Other Total Balance, as of the beginning of the period $ 136,227 $ 184,664 $ 500,264 $ 109,826 $ 211,296 $ 1,142,277 Amortization expense (9,826) (9,511) (11,700) (2,525) (3,307) (36,869) Balance, as of the end of the period $ 126,401 $ 175,153 $ 488,564 $ 107,301 $ 207,989 $ 1,105,408
Estimated Future Amortization of VOBA	Estimated future amortization of VOBA and Negative VOBA as of March 31, 2023 is as follows: Years VOBA Negative VOBA Total, net Remainder of 2023 $ 66,010 $ (91,650) $ (25,640) 2024 83,707 (101,747) (18,040) 2025 78,737 (83,867) (5,130) 2026 74,285 (69,700) 4,585 2027 70,024 (59,753) 10,271 2028 66,345 (51,968) 14,377 2029 and thereafter 854,819 (510,767) 344,052 Total $ 1,293,927 $ (969,452) $ 324,475
Changes to Unearned Revenue Reserve	Unearned revenue reserves and unearned front-end loads Three Months Ended March 31, 2023 2022 Preneed Balance, as of the beginning of the period $ 118,186 $ 55,510 Deferral 17,791 16,686 Amortized to income during the year (2,517) (1,280) Balance, as of the end of the period $ 133,460 $ 70,916

REINSURANCE (Tables)

REINSURANCE (Tables)	3 Months Ended
REINSURANCE (Tables)	Mar. 31, 2023
Insurance [Abstract]
Effects of Reinsurance Agreements	The effects of all reinsurance agreements on the consolidated statements of financial condition were as follows: March 31, 2023 December 31, 2022 Policy liabilities: Direct $ 73,565,098 $ 71,833,991 Assumed 67,564,876 65,946,938 Total policy liabilities 141,129,974 137,780,929 Ceded (1) (25,900,544) (25,755,283) Net policy liabilities $ 115,229,430 $ 112,025,646 (1) Reported within reinsurance recoverable within the consolidated statements of financial condition. The effects of reinsurance on the consolidated statements of operations were as follows: Three Months Ended March 31, 2023 2022 Net premiums: Direct $ 32,653 $ 36,573 Assumed 618,730 401,515 Ceded (177,759) (65,944) Net premiums $ 473,624 $ 372,144 Three Months Ended March 31, 2023 2022 Policy fees: Direct $ 227,857 $ 236,337 Assumed 104,589 77,778 Ceded (18,644) (333) Net policy fees $ 313,802 $ 313,782 . Three Months Ended March 31, 2023 2022 Net policy benefits and claims: Direct $ 948,119 $ 4,462 Assumed 1,016,936 600,219 Ceded (438,001) (91,503) Net policy benefits and claims $ 1,527,054 $ 513,178
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 March 31, 2023 As of December 31, 2022 A.M. Best Rating (1) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure (4) Reinsurance recoverable and funds withheld receivable at interest (2) Credit enhancements (3) Net reinsurance credit exposure (4) A++ $ 82,004 $ — $ 82,004 $ 62,674 $ — $ 62,674 A+ 1,902,082 — 1,902,082 1,849,918 — 1,849,918 A 2,417,311 — 2,417,311 2,491,461 — 2,491,461 A- 4,727,882 4,095,671 632,211 5,397,767 4,197,739 1,200,028 B++ 29,788 — 29,788 37,939 — 37,939 B+ — — — — — — B — — — — — — B- (221) — — (221) — — Not rated or private rating (5) 19,771,749 18,900,024 871,725 20,994,058 18,541,678 2,452,380 Total $ 28,930,595 $ 22,995,695 $ 5,935,121 $ 30,833,596 $ 22,739,417 $ 8,094,400 (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 credit loss allowance of $8.8 million and $41.2 million as of March 31, 2023 and December 31, 2022, respectively, held against reinsurance recoverable. (5) Includes $19.8 billion and $21.0 billion as of March 31, 2023 and December 31, 2022, respectively, associated with cessions to Ivy Re Limited and Ivy Re II Limited, wholly owned subsidiaries of Ivy Co-Invest Vehicle LLC and Ivy Co-Invest Vehicle II LLC, and collectively the “Ivy Vehicles,” which are co-investment vehicles that participate 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)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Attributable to KKR & Co. per Share of Common Stock	For the three months ended March 31, 2023 and 2022, basic and diluted Net Income (Loss) attributable to KKR & Co. Inc. per share of common stock were calculated as follows: Three Months Ended March 31, 2023 2022 Net Income (Loss) Available to KKR & Co. Inc. $ 322,744 $ (9,786) (+) Series C Mandatory Convertible Preferred Dividend (if dilutive) (1) — — Net Income (Loss) Available to KKR & Co. Inc. $ 322,744 $ (9,786) Basic Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 861,108,510 592,202,835 Net Income (Loss) Attributable to KKR & Co. Inc. $ 0.37 $ (0.02) Diluted Net Income (Loss) Per Share of Common Stock Weighted Average Shares of Common Stock Outstanding - Basic 861,108,510 592,202,835 Incremental Common Shares: Assumed vesting of dilutive equity awards (2) 26,060,826 — Assumed conversion of Series C Mandatory Convertible Preferred Stock (1) — — Weighted Average Shares of Common Stock Outstanding - Diluted 887,169,336 592,202,835 Net Income (Loss) Attributable to KKR & Co. Inc. $ 0.36 $ (0.02) (1) For the three months ended March 31, 2023 and 2022, the impact of Series C Mandatory Convertible Preferred Stock calculated under the if-converted method was anti-dilutive, and as such (i) shares of common stock (assuming a conversion ratio based on the average volume weighted average price per share of common stock over each reporting period) were not included in the Weighted Average Shares of Common Stock Outstanding - Diluted and (ii) Series C Mandatory Convertible Preferred dividends were not added back to Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted.
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	Three Months Ended March 31, 2023 2022 Weighted Average KKR Holdings Units — 258,726,163 Weighted Average Vested Restricted Holdings Units 2,695,142 1,376,655 Total 2,695,142 260,102,818

OTHER ASSETS AND ACCRUED EXPE_2

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2023
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
Schedule of Other Assets	Other Assets consist of the following: March 31, 2023 December 31, 2022 Asset Management Unsettled Investment Sales (1) $ 138,125 $ 90,072 Receivables 32,577 26,119 Due from Broker (2) 108,428 160,533 Deferred Tax Assets, net (See Note 19) 55,154 54,769 Interest Receivable 244,421 223,660 Fixed Assets, net (3) 859,193 857,903 Foreign Exchange Contracts and Options (4) 573,820 668,716 Goodwill (5) 587,698 594,270 Intangible Assets (6) 1,725,741 1,747,891 Derivative Assets 17,404 7,519 Prepaid Taxes 62,030 68,107 Prepaid Expenses 53,156 48,233 Operating Lease Right of Use Assets (7) 348,026 344,022 Deferred Financing Costs 23,559 16,382 Other 218,998 289,430 Total Asset Management $ 5,048,330 $ 5,197,626 Insurance Unsettled Investment Sales (1) and Derivative Collateral Receivables $ 622,623 $ 663,280 Deferred Tax Assets, net 2,069,675 2,272,153 Derivative Assets 905,767 724,390 Accrued Investment Income 1,051,997 1,130,103 Goodwill (9) 501,496 501,496 Intangible Assets and Deferred Sales Inducements (8) 271,765 276,176 Operating Lease Right of Use Assets (7) 179,421 175,035 Premiums and Other Account Receivables 140,546 141,551 Other 145,652 121,114 Prepaid Taxes 22,675 22,851 Market risk benefit asset 9,350 13,180 Total Insurance $ 5,920,967 $ 6,041,329 Total Other Assets $ 10,969,297 $ 11,238,955 (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 $204.6 million and $188.8 million as of March 31, 2023 and December 31, 2022, respectively. Depreciation and amortization expense of $15.8 million and $12.7 million for the three months ended March 31, 2023 and 2022, respectively, are included in General, Administrative and Other in the accompanying consolidated statements of operations. Additionally, KKR’s fixed assets are predominantly located in the United States. (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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements for the net changes in fair value associated with these instruments. (5) As of March 31, 2023, the carrying value of goodwill is recorded and assessed for impairment at the reporting unit. As of March 31, 2023, there are approximately $(4.8) million of cumulative foreign currency translation adjustments included in AOCI related to the goodwill recorded as result of the acquisition of KJRM (see Note 3 "Acquisitions" in our financial statements). (6) As of March 31, 2023, there are approximately $(16.3) million of cumulative foreign currency translation adjustments included in AOCI related to the intangible assets recorded as result of the acquisition of KJRM (see Note 3 "Acquisitions" in our financial statements). (7) 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 $15.7 million and $12.2 million for the three months ended March 31, 2023 and 2022, respectively. For Insurance, non-cancelable operating leases consist of leases for office space and land in the U.S. For the three months ended March 31, 2023 and 2022, the operating lease cost was $6.8 million and $5.9 million, respectively. Insurance lease right-of-use assets are reported net of $22.8 million and $21.8 million in deferred rent and lease incentives as of March 31, 2023 and December 31, 2022, respectively. (8) The definite life intangible assets are amortized using the straight-line method over the useful life of the assets which is an average of 15 years. The indefinite life intangible assets are not subject to amortization. The amortization expense of definite life intangible assets was $4.4 million for both the three months ended March 31, 2023 and 2022. (9) 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. The insurance segment reported a negative equity carrying amount as of March 31, 2023 and December 31, 2022 primarily due to unrealized losses on available-for-sale fixed maturity investment portfolio. Global Atlantic expects that substantially all of these unrealized losses will not be realized as it intends to hold these investments until recovery of the losses, which may be at maturity, as part of its asset liability cash-flow matching strategy. KKR evaluated qualitative factors, including market and economic conditions, industry-specific events and company-specific financial results, and determined that it was not more likely than not that goodwill was impaired.
Schedule of Accounts Payable, Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities consist of the following: March 31, 2023 December 31, 2022 Asset Management Amounts Payable to Carry Pool (1) $ 1,957,104 $ 1,872,568 Unsettled Investment Purchases (2) 605,769 416,822 Securities Sold Short (3) 100,861 158,752 Derivative Liabilities 6,117 11,018 Accrued Compensation and Benefits 277,194 265,712 Interest Payable 397,899 363,849 Foreign Exchange Contracts and Options (4) 276,405 406,746 Accounts Payable and Accrued Expenses 193,222 216,688 Taxes Payable 278,678 136,245 Uncertain Tax Positions 38,988 56,032 Unfunded Revolver Commitments 112,534 137,315 Operating Lease Liabilities (5) 353,156 347,901 Deferred Tax Liabilities, net (See Note 19) 1,693,513 1,667,740 Other Liabilities 1,501,307 414,387 Total Asset Management $ 7,792,747 $ 6,471,775 Insurance Unsettled Investment Purchases (2) $ 476,863 $ 208,941 Collateral on Derivative Instruments 644,591 466,371 Accrued Expenses 644,556 600,633 Insurance Operations Balances in Course of Settlement 129,404 949,383 Securities Sold Under Agreements to Repurchase 313,797 805,316 Derivative Liabilities 618,268 934,107 Accrued Employee Related Expenses 312,856 322,698 Operating Lease Liabilities (5) 200,694 195,001 Tax Payable to Former Parent Company 60,498 67,086 Interest Payable 32,321 13,329 Accounts and Commissions Payable 20,558 25,261 Other Tax Related Liabilities 10,693 12,249 Total Insurance $ 3,465,099 $ 4,600,375 Total Accrued Expenses and Other Liabilities $ 11,257,846 $ 11,072,150 (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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements 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 5 "Net Gains (Losses) from Investment Activities - Asset Management" in our financial statements for the net changes in fair value associated with these instruments. (5) For Asset Management, operating leases for office space have remaining lease terms that range from approximately 1 year to 16 years, some of which include options to extend the leases from 5 years to 10 years. The weighted average remaining lease terms were 10.2 years and 10.4 years as of March 31, 2023 and December 31, 2022, respectively. The weighted average discount rates were 2.6% and 2.5% as of March 31, 2023 and December 31, 2022, 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 were 7.6 years and 7.0 years as of March 31, 2023 and December 31, 2022, respectively. The weighted average discount rate was 4.1% and 3.6% as of March 31, 2023 and December 31, 2022, respectively. The weighted average remaining lease terms for land were 25.9 years and 26.9 years as of March 31, 2023 and December 31, 2022, respectively.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, 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: March 31, 2023 December 31, 2022 Investments - Asset Management $ 7,204,647 $ 6,862,712 Due from (to) Affiliates, net 1,530,529 1,356,308 Maximum Exposure to Loss - Asset Management $ 8,735,176 $ 8,219,020 Other Investment in Partnership - Insurance $ 251,049 $ 295,808 Investment in Renewable Partnerships - Insurance 28,933 30,177 Maximum Exposure to Loss - Insurance $ 279,982 $ 325,985 Total Maximum Exposure to Loss $ 9,015,158 $ 8,545,005

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	3 Months Ended
DEBT OBLIGATIONS (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Borrowings	KKR's Asset Management debt obligations consisted of the following: March 31, 2023 December 31, 2022 Financing Available Borrowing Outstanding Fair Value Financing Available Borrowing Outstanding Fair Value Revolving Credit Facilities: Corporate Credit Agreement $ 1,500,000 $ — $ — $ 1,500,000 $ — $ — KCM Credit Agreement (1) 727,303 — — 723,132 — — KCM 364-Day Revolving Credit Agreement 750,000 — — 750,000 — — Notes Issued: (2) KKR ¥25 billion (or $188.5 million) 0.509% Notes Due 2023 (8) (5) — — — — 189,432 189,447 KKR ¥5 billion (or $37.7 million) 0.764% Notes Due 2025 (5) — 37,475 37,623 — 37,646 37,625 KKR ¥36.4 billion (or $274.5 million) 1.054% Notes Due 2027 (5) — 273,246 272,812 — 274,628 271,081 KKR €650 million (or $706.9 million) 1.625% Notes Due 2029 (6) — 701,176 564,264 — 687,928 565,003 KKR $750 million 3.750% Notes Due 2029 (5) — 744,444 697,380 — 744,222 675,413 KKR ¥4.9 billion (or $36.9 million) 1.244% Notes Due 2029 (5) — 36,480 36,517 — 36,657 36,020 KKR $750 million 4.850% Notes Due 2032 (5) — 741,877 722,010 — 741,655 701,610 KKR ¥6.2 billion (or $46.7 million) 1.437% Notes Due 2032 (5) — 46,199 45,789 — 46,431 44,800 KKR ¥7.5 billion (or $56.6 million) 1.553% Notes Due 2034 (5) — 55,919 54,887 — 56,204 53,477 KKR ¥5.5 billion (or $41.5 million) 1.795% Notes Due 2037 (5) — 40,887 39,932 — 41,097 38,550 KKR ¥10.3 billion (or $77.7 million) 1.595% Notes Due 2038 (5) — 76,737 72,191 — 77,134 69,565 KKR $500 million 5.500% Notes Due 2043 (7) (5) — 490,504 472,657 — 490,494 455,287 KKR $1.0 billion 5.125% Notes Due 2044 (7) (5) — 964,471 849,028 — 964,726 845,944 KKR $500 million 3.625% Notes Due 2050 (5) — 492,819 343,530 — 492,753 343,490 KKR $750 million 3.500% Notes Due 2050 (7) (5) — 736,572 504,716 — 736,451 503,862 KKR $750 million 3.250% Notes Due 2051 (5) — 739,920 474,023 — 739,832 475,920 KKR $500 million 4.625% Notes Due 2061 (6) — 486,488 370,600 — 486,399 340,400 KFN $500 million 5.500% Notes Due 2032 (3) — 495,632 437,614 — 495,511 417,551 KFN $120 million 5.200% Notes Due 2033 (3) — 118,804 101,535 — 118,773 96,502 KFN $70 million 5.400% Notes Due 2033 (3) — 69,071 60,010 — 69,048 57,042 KFN Issued Junior Subordinated Notes (4) (3) — 237,798 194,541 — 237,471 189,673 2,977,303 7,586,519 6,351,659 2,973,132 7,764,492 6,408,262 Other Debt Obligations (1)(7) 6,210,155 34,933,257 34,764,981 4,837,893 32,834,121 32,649,546 $ 9,187,458 $ 42,519,776 $ 41,116,640 $ 7,811,025 $ 40,598,613 $ 39,057,808 (1) Financing available is reduced by the dollar amounts specified in any issued letters of credit. (2) 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. (3) 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. (4) KKR consolidates KFN and reports KFN's outstanding $258.5 million aggregate principal amount of junior subordinated notes. The weighted average interest rate is 7.3% and 6.9% and the weighted average years to maturity is 13.5 years and 13.8 years as of March 31, 2023 and December 31, 2022, respectively. (5) The notes are classified as Level II within the fair value hierarchy and fair value is determined by third party broker quotes. (6) 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. (7) As of March 31, 2023 and December 31, 2022, the borrowing outstanding and fair value reflects the elimination for the portion of these debt obligations that are held by Global Atlantic. (8) On March 22, 2023, the 2023 Notes matured, and KKR Group Finance Co. IV LLC repaid the principal and accrued interest in full. Global Atlantic's debt obligations consisted of the following: March 31, 2023 December 31, 2022 Financing Available Borrowing Outstanding Fair Value (2) Financing Available Borrowing Outstanding Fair Value (2) Revolving Credit Facilities: Global Atlantic revolving credit facility, due August 2026 $ 600,000 $ 400,000 $ 400,000 $ 600,000 $ 400,000 $ 400,000 Notes Issued and Others: Global Atlantic senior notes, due October 2029 500,000 443,500 500,000 419,550 Global Atlantic senior notes, due June 2031 650,000 512,720 650,000 478,335 Global Atlantic subordinated debentures, due October 2051 750,000 603,075 750,000 572,475 2,300,000 $ 1,959,295 2,300,000 $ 1,870,360 Purchase accounting adjustments (1) 42,507 43,285 Debt issuance costs, net of accumulated amortization (17,356) (17,623) Fair value loss (gain) of hedged debt obligations, recognized in earnings (167,868) (197,496) $ 2,157,283 $ 2,128,166 (1) For the three months ended March 31, 2023 and 2022, the amortization of the purchase accounting adjustments was $778 thousand and $5.4 million, respectively. (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	As of March 31, 2023, 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) $ 6,210,155 $ 11,128,673 $ 10,960,397 5.9% 5.0 Debt Obligations of Consolidated CLOs — 23,804,584 23,804,584 (2) 9.6 $ 6,210,155 $ 34,933,257 $ 34,764,981 (1) Includes borrowings collateralized by fund investments, fund co-investments and other assets held by levered investment vehicles of $2.4 billion. (2) The senior notes of the consolidated CLOs had a weighted average interest rate of 5.7%. 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.

POLICY LIABILITIES (Tables)

POLICY LIABILITIES (Tables)	3 Months Ended
POLICY LIABILITIES (Tables)	Mar. 31, 2023
Insurance [Abstract]
Policyholder Account Balance And Liability For Unpaid Claims And Claims Adjustment Expense	The following reflects the reconciliation of the components of policy liabilities to the total balance reported in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 Policyholders’ account balances $ 114,180,191 $ 112,281,236 Liability for future policy benefits 15,134,462 14,445,920 Additional liability for annuitization, death, or other insurance benefits 4,998,425 4,970,969 Market risk benefit liability 764,407 682,038 Other policy-related liabilities (1) 6,052,489 5,400,766 Total policy liabilities $ 141,129,974 $ 137,780,929 (1) Other policy-related liabilities as of March 31, 2023, and December 31, 2022, primarily consists of negative VOBA (both $1.0 billion, respectively), policy liabilities accounted under a fair value option (both $1.3 billion, respectively), embedded derivatives associated with contractholder deposit funds ($2.8 billion and $2.2 billion, respectively) and outstanding claims ($322.8 million and $253.7 million, respectively).
Policyholder Account Balance	The following reflects the policyholders’ account balances roll-forward for the three months ended March 31, 2023 and 2022, and the policyholders’ account balances weighted average crediting rating, net amount at risk, and cash surrender value as of those dates: Three Months Ended March 31, 2023 Fixed rate annuities Fixed indexed annuities Interest sensitive life Funding agreements Other (1) Total Balance as of beginning of period $ 48,510,703 $ 29,123,926 $ 17,397,185 $ 7,535,489 $ 9,713,933 $ 112,281,236 Issuances and premiums received 3,416,916 1,640,745 144,797 — 100,616 5,303,074 Benefit payments, surrenders, and withdrawals (2,329,373) (937,627) (230,514) (224,107) (401,156) (4,122,777) Interest (2) 340,106 114,739 107,298 51,423 74,209 687,775 Other, including changes in assumptions and fair value changes (63,346) (45,130) (25,172) 86,057 78,474 30,883 Balance as of end of period $ 49,875,006 $ 29,896,653 $ 17,393,594 $ 7,448,862 $ 9,566,076 $ 114,180,191 Less: reinsurance recoverable (6,699,771) (3,311,541) (3,467,814) — (3,119,287) (16,598,413) Balance as of end of period, net of reinsurance recoverable $ 43,175,235 $ 26,585,112 $ 13,925,780 $ 7,448,862 $ 6,446,789 $ 97,581,778 Average interest rate 2.85 % 1.70 % 3.09 % 2.75 % 2.69 % 2.53 % Net amount at risk, gross of reinsurance (3) $ — $ — $ 84,498,038 $ — $ 1,182,896 $ 85,680,934 Cash surrender value (4) $ 40,420,172 $ 27,236,116 $ 12,948,054 $ — $ 4,744,008 $ 85,348,350 _________________ (1) “Other” consists of activity related to payout annuities (without life contingencies), preneed, variable annuities and life products. (2) Interest includes interest credited to policyholders’ account values, and interest accreted in other components of the policyholder account balance, including investment-type contract values, host amounts for contractholder deposits with embedded derivatives, funding agreements and other associated reserves. (3) Net amount at risk represents the difference between the face value of the insurance policy and the reserve accumulated under that same policy. (4) Cash surrender values are reported net of any applicable surrender charges, net of reinsurance. Three Months Ended March 31, 2022 Fixed rate annuities Fixed indexed annuities Interest sensitive life Funding agreements Other (1) Total Balance as of beginning of period $ 42,408,740 $ 25,204,787 $ 17,391,996 $ 6,014,553 $ 6,624,562 $ 97,644,638 Issuances and premiums received 3,482,317 1,823,616 329,744 1,098,944 545,977 7,280,598 Benefit payments, surrenders, and withdrawals (1,419,191) (471,071) (151,078) (21,380) (192,667) (2,255,387) Interest (2) 226,379 62,588 132,030 20,688 47,750 489,435 Other, including changes in assumptions and fair value changes (75,628) (6,323) (262,728) (176,298) (9,845) (530,822) Balance as of end of period $ 44,622,617 $ 26,613,597 $ 17,439,964 $ 6,936,507 $ 7,015,777 $ 102,628,462 Less: reinsurance recoverable (6,156,662) (3,428,559) (3,505,464) — (977,158) (14,067,843) Balance as of end of period, net of reinsurance recoverable $ 38,465,955 $ 23,185,038 $ 13,934,500 $ 6,936,507 $ 6,038,619 $ 88,560,619 Average interest rate 2.18 % 0.99 % 3.09 % 1.30 % 2.82 % 1.96 % Net amount at risk, gross of reinsurance (3) $ — $ — $ 85,001,809 $ — $ 1,198,892 $ 86,200,701 Cash surrender value (4) $ 36,377,347 $ 22,208,964 $ 13,596,619 $ — $ 3,667,881 $ 75,850,811 _________________ (1) “Other” consists of activity related to payout annuities (without life contingencies), preneed, variable annuities and life products. (2) Interest includes interest credited to policyholders’ account values, and interest accreted in other components of the policyholder account balance, including investment-type contract values, host amounts for contractholder deposits with embedded derivatives, funding agreements and other associated reserves. (3) Net amount at risk represents the difference between the face value of the life insurance policy and the reserve accumulated under that same policy. (4) Cash surrender values are reported net of any applicable surrender charges, net of reinsurance.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The following table presents the account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums. Account values, as disclosed below differs from policyholder account balances as it excludes balances associated with index credits, contractholder deposit fund host balances, funding agreements, and other associated reserves. In addition, policyholder account balances include discounts and premiums on assumed business which are not reflected in account values. As of March 31, 2023 Account values with adjustable crediting rates subject to guaranteed minimums: Range of guaranteed minimum crediting rates: At guaranteed minimum 1 - 49 bps above guaranteed minimum 50 - 99 bps above guaranteed minimum 100 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total Less than 1.00% $ 2,642,851 $ 24,180 $ 830,147 $ 4,508,872 $ 22,810,695 $ 30,816,745 1.00% - 1.99% 1,918,437 1,236,507 1,067,686 1,877,808 3,228,314 9,328,752 2.00% - 2.99% 1,045,214 49,926 10,330 18,721 599,005 1,723,196 3.00% - 4.00% 12,466,503 440,291 148,892 493,461 136,469 13,685,616 Greater than 4.00% 7,712,398 1,645,085 64,073 5,978 55,589 9,483,123 Total $ 25,785,403 $ 3,395,989 $ 2,121,128 $ 6,904,840 $ 26,830,072 $ 65,037,432 Percentage of total 40 % 5 % 3 % 11 % 41 % 100 % As of December 31, 2022 Account values with adjustable crediting rates subject to guaranteed minimums: Range of guaranteed minimum crediting rates: At guaranteed minimum 1 - 49 bps above guaranteed minimum 50 - 99 bps above guaranteed minimum 100 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total Less than 1.00% $ 3,211,064 $ 25,500 $ 847,989 $ 4,669,081 $ 20,158,257 $ 28,911,891 1.00% - 1.99% 2,350,348 1,171,911 1,077,219 1,910,863 2,820,473 9,330,814 2.00% - 2.99% 1,096,383 53,360 9,747 1,222 590,032 1,750,744 3.00% - 4.00% 12,505,278 417,005 147,812 494,726 136,429 13,701,250 Greater than 4.00% 7,822,274 1,596,918 65,498 6,087 55,589 9,546,366 Total $ 26,985,347 $ 3,264,694 $ 2,148,265 $ 7,081,979 $ 23,760,780 $ 63,241,065 Percentage of total 43 % 5 % 3 % 11 % 38 % 100 %
Balances of and Changes in Liability for Future Policy Benefits, and Revenue and Interest Recognized	The following tables summarize the balances of, and changes in, the liability for future policy benefits for traditional and limited-payment contracts for the three months ended March 31, 2023 and 2022: Three months ended March 31, 2023 March 31, 2022 Payout annuities (1) Other (2) Total Payout annuities (1) Other (2) Total Present value of expected net premiums Balance as of beginning of the period $ — $ (255,401) $ (255,401) $ — $ (329,716) $ (329,716) Balance at original discount rate $ — $ (303,610) $ (303,610) $ — $ (334,780) $ (334,780) Effect of changes in cash flow assumptions — — — — — — Effect of actual variances from expected experience — 992 992 — 5,148 5,148 Adjusted beginning of period balance — (302,618) (302,618) — (329,632) (329,632) Interest — (1,206) (1,206) — (1,180) (1,180) Net premiums collected — 8,283 8,283 — 9,815 9,815 Ending balance at original discount rate — (295,541) (295,541) — (320,997) (320,997) Effect of changes in discount rate assumptions — 43,489 43,489 — 20,194 20,194 Balance as of the end of the period $ — $ (252,052) $ (252,052) $ — $ (300,803) $ (300,803) Three months ended March 31, 2023 March 31, 2022 Payout annuities (1) Other (2) Total Payout annuities (1) Other (2) Total Present value of expected future policy benefits Balance as of beginning of the period $ 14,021,514 $ 679,807 $ 14,701,321 $ 16,302,904 $ 883,399 $ 17,186,303 Balance at original discount rate $ 17,180,626 $ 806,555 $ 17,987,181 $ 16,443,480 $ 895,295 $ 17,338,775 Effect of changes in cash flow assumptions — — — — — — Effect of actual variances from expected experience (7,777) 3,539 (4,238) (606) (3,733) (4,339) Adjusted beginning of period balance 17,172,849 810,094 17,982,943 16,442,874 891,562 17,334,436 Issuances 559,421 15 559,436 332,874 2,463 335,337 Interest 93,654 2,467 96,121 71,690 4,152 75,842 Benefit payments (389,426) (25,861) (415,287) (376,446) (28,298) (404,744) De-recognition (lapses and withdrawals) — — — — (2,267) (2,267) Ending balance at original discount rate 17,436,498 786,715 18,223,213 16,470,992 867,612 17,338,604 Effect of changes in discount rate assumptions (2,721,312) (115,387) (2,836,699) (1,564,311) (53,181) (1,617,492) Balance as of the end of the period 14,715,186 671,328 15,386,514 14,906,681 814,431 15,721,112 Net liability for future policy benefits 14,715,186 419,276 15,134,462 14,906,681 513,628 15,420,309 Less: reinsurance recoverable (3) (7,636,570) 1,750 (7,634,820) (7,906,865) (4,609) (7,911,474) Net liability for future policy benefits, net of reinsurance recoverables $ 7,078,616 $ 421,026 $ 7,499,642 $ 6,999,816 $ 509,019 $ 7,508,835 _________________ (1) Payout annuities generally only have a single premium received at contract inception. As a result, the liability for future policy benefits generally would not reflect a present value for future premiums for payout annuities. (2) “Other” consists of activity related to variable annuities, traditional life insurance, preneed insurance and fixed-rate annuity products. (3) Reinsurance recoverables associated with the liability for future policy benefits is net of the effect of changes in discount rate assumptions of $237.1 million and $(814.3) million for the three months ended March 31, 2023 and 2022, respectively. The following table summarizes the amount of gross premiums related to traditional and limited-payment contracts recognized in the consolidated statement of operations for the three months ended March 31, 2023 and 2022: Gross premiums Three months ended March 31, 2023 2022 Payout annuities $ 492,727 $ 290,782 Other 14,391 17,514 Total products $ 507,118 $ 308,296 The following table reflects the weighted-average duration and weighted-average interest rates of the future policy benefit liability as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Payout annuities Other Weighted-average interest rates, original discount rate 2.95 % 2.52 % Weighted-average interest rates, current discount rate 4.81 % 4.80 % Weighted-average liability duration (years, current rates) 8.53 9.33 As of December 31, 2022 Payout annuities Other Weighted-average interest rates, original discount rate 2.76 % 2.50 % Weighted-average interest rates, current discount rate 5.04 % 5.03 % Weighted-average liability duration (years, current rates) 8.39 9.32 The following reflects the undiscounted ending balance of expected future gross premiums and expected future benefits and payments for traditional and limited-payment contracts, as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Payout annuities Other Expected future benefit payments, undiscounted $ 24,718,978 $ 957,987 Expected future benefit payments, discounted (original discount rate) 17,436,498 786,715 Expected future benefit payments, discounted (current discount rate) 14,715,186 671,328 Expected future gross premiums, undiscounted — 506,463 Expected future gross premiums, discounted (original discount rate) — 415,515 Expected future gross premiums, discounted (current discount rate) — 341,251 As of December 31, 2022 Payout annuities Other Expected future benefit payments, undiscounted $ 23,980,780 $ 986,614 Expected future benefit payments, discounted (original discount rate) 17,321,202 812,773 Expected future benefit payments, discounted (current discount rate) 14,021,514 680,807 Expected future gross premiums, undiscounted — 524,122 Expected future gross premiums, discounted (original discount rate) — 431,466 Expected future gross premiums, discounted (current discount rate) — 356,968
Additional Liability, Long-Duration Insurance	The following tables reflect the additional liability for annuitization, death, or other insurance benefits roll-forward for the three months ended March 31, 2023 and 2022: Three months ended March 31, 2023 March 31, 2022 Balance as of beginning of period $ 5,104,810 $ 4,832,678 Effect of changes in experience (21,177) 18,338 Adjusted balance as of beginning of period 5,083,633 4,851,016 Issuances 5,684 5,356 Assessments 85,683 123,692 Benefits paid (84,913) (115,920) Interest 26,296 36,585 Balance as of end of period 5,116,383 4,900,729 Less: impact of unrealized investment gain and losses 117,958 86,032 Less: reinsurance recoverable, end of period — — Balance, end of period, net of reinsurance recoverable and impact of unrealized investment $ 4,998,425 $ 4,814,697 The following reflects the amount of gross assessments recognized for the additional liability for annuitization, death, or other insurance benefits in the consolidated statements of operations for the three months ended March 31, 2023 and 2022: Gross assessments Three months ended March 31, 2023 2022 Total amount recognized within revenue in the consolidated statements of operations $ 146,376 $ 140,571 The following reflects the weighted average duration and weighted average interest rate for the additional liability for annuitization, death, or other insurance benefits as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Weighted-average interest, current discount rate 3.00 % Weighted-average liability duration (years) 27.82 As of December 31, 2022 Weighted-average interest, current discount rate 3.00 % Weighted-average liability duration (years) 28.21
Market Risk Benefit, Activity	The following table presents the balances of, and changes in, market risk benefits: Three months ended March 31, 2023 March 31, 2022 Fixed-indexed annuity Variable- and other annuities Total Fixed-indexed annuity Variable- and other annuities Total Balance as of beginning of period $ 548,536 $ 120,322 $ 668,858 $ 1,188,355 $ 255,048 $ 1,443,403 Balance as of beginning of period, before impact of changes in instrument-specific credit risk $ 656,880 $ 150,633 $ 807,513 $ 1,183,116 $ 254,972 $ 1,438,088 Issuances (36) (9) (45) 364 42,006 42,370 Interest 8,854 1,957 10,811 1,757 392 2,149 Attributed fees collected 24,143 21,095 45,238 21,840 21,274 43,114 Benefit payments (802) (18) (820) (567) (99) (666) Effect of changes in interest rates 71,737 49,005 120,742 (188,551) (126,547) (315,098) Effect of changes in equity markets (3,822) (21,986) (25,808) 9,815 61,803 71,618 Effect of actual experience different from assumptions 772 (12,676) (11,904) 10,106 (7,275) 2,831 Effect of changes in assumptions — — — — — — Balance as of end of period before impact of changes in instrument-specific credit risk 757,726 188,001 945,727 1,037,880 246,526 1,284,406 Effect of changes in instrument-specific credit risk (146,505) (44,165) (190,670) (133,204) (34,083) (167,287) Balance as of end of period 611,221 143,836 755,057 904,676 212,443 1,117,119 Less: reinsurance recoverable as of the end of the period — (14,913) (14,913) — — — Balance as of end of period, net of reinsurance recoverable $ 611,221 $ 128,923 $ 740,144 $ 904,676 $ 212,443 $ 1,117,119 Net amount at risk $ 3,980,500 $ 1,277,299 $ 5,257,799 $ 3,376,844 $ 858,622 $ 4,235,466 Weighted-average attained age of contract holders (years) 70 71 70 70 69 70 The following reflects the reconciliation of the market risk benefits reflected in the preceding table to the amounts reported in an asset and liability position, respectively, in the consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: As of March 31, 2023 As of December 31, 2022 Asset Liability Net Asset Liability Net Fixed-indexed annuities $ 9,279 $ 620,500 $ (611,221) $ 13,150 $ 561,686 $ (548,536) Variable- and other annuities 71 143,907 (143,836) 30 120,352 (120,322) Total $ 9,350 $ 764,407 $ (755,057) $ 13,180 $ 682,038 $ (668,858)
Separate Account, Liability	The following table presents the balances of and changes in separate account liabilities: March 31, 2023 March 31, 2022 Variable annuities Interest-sensitive life Total Variable annuities Interest-sensitive life Total Balance as of beginning of period $ 3,627,769 $ 503,025 $ 4,130,794 $ 4,922,704 $ 663,724 $ 5,586,428 Premiums and deposits 10,655 3,581 14,236 8,508 3,694 12,202 Surrenders, withdrawals and benefit payments (108,408) (3,716) (112,124) (124,258) (5,788) (130,046) Investment performance 141,071 31,944 173,015 (313,829) (39,746) (353,575) Other (29,652) (11,466) (41,118) (33,589) (11,678) (45,267) Balance as of end of period $ 3,641,435 $ 523,368 $ 4,164,803 $ 4,459,536 $ 610,206 $ 5,069,742 Cash surrender value as of end of period (1) $ 3,641,435 $ 523,368 $ 4,164,803 $ 4,459,536 $ 610,206 $ 5,069,742 (1) Cash surrender value attributed to the separate accounts does not reflect the impact of surrender charges; surrender charges are attributed to policyholder account balances recorded in the general account.
Fair Value, Separate Account Investment	The following table presents the aggregate fair value of assets, by major investment asset type, supporting separate accounts: March 31, 2023 December 31, 2022 Asset type: Managed volatility equity/fixed income blended fund $ 2,221,153 $ 2,246,803 Equity 1,686,721 1,634,357 Fixed income 157,531 156,594 Money market 98,667 92,284 Alternative 731 756 Total assets supporting separate account liabilities $ 4,164,803 $ 4,130,794

EQUITY BASED COMPENSATION (Tabl

EQUITY BASED COMPENSATION (Tables)	3 Months Ended
EQUITY BASED COMPENSATION (Tables)	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount	Three Months Ended March 31, 2023 2022 KKR Equity Incentive Plan Awards (1) $ 129,272 $ 115,144 (1) Includes $3.0 million and $2.1 million of equity based compensation related to our insurance business for the three months ended March 31, 2023 and 2022, respectively.
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, 2023 through March 31, 2023 is presented below: Shares Weighted Balance, January 1, 2023 16,170,064 $ 45.82 Granted 143,064 49.76 Vested — — Forfeitures (76,360) 50.43 Balance, March 31, 2023 16,236,768 $ 45.83 A summary of the status of unvested Market Condition Awards granted under the Equity Incentive Plans from January 1, 2023 through March 31, 2023 is presented below: Shares Weighted Balance, January 1, 2023 26,198,531 $ 25.30 Granted — — Vested (130,000) 20.49 Forfeitures (200,000) 19.87 Balance, March 31, 2023 25,868,531 $ 25.37
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 $25.29 $19.87 - $66.80 Closing KKR share price as of valuation date $43.89 $37.93 - $76.31 Risk Free Rate 1.14% 0.41% - 3.86% Volatility 30.07% 28.00% - 38.00% Dividend Yield 1.39% 0.76% - 1.53% Expected Cost of Equity 10.83% 9.13% - 11.80% 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	The table below presents the activity related to book value awards for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 March 31, 2022 Outstanding amount as of beginning of period $ 138,595 $ 145,000 Granted 28,619 20,205 Forfeited (494) (874) Vested and issued (27,057) (39,029) Outstanding amount as of end of period $ 139,663 $ 125,302

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Mar. 31, 2023
Related Party Transactions [Abstract]
Schedule of Due From and to Affiliates	Due from Affiliates consists of: March 31, 2023 December 31, 2022 Amounts due from unconsolidated investment funds $ 1,561,233 $ 1,401,766 Amounts due from portfolio companies 286,636 261,537 Due from Affiliates $ 1,847,869 $ 1,663,303 Due to Affiliates consists of: March 31, 2023 December 31, 2022 Amounts due to current and former employees under the tax receivable agreement (1) $ 404,566 $ 420,599 Amounts due to unconsolidated investment funds 30,704 45,458 Due to Affiliates $ 435,270 $ 466,057 (1) See Note 1 "Organization" in our financial statements.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
SEGMENT REPORTING (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Information Regarding Segment Results and Reconciliations	The following tables set forth information regarding KKR's segment results: Three Months Ended March 31, 2023 2022 Asset Management Management Fees (1) $ 738,156 $ 624,928 Transaction and Monitoring Fees, Net 142,179 306,038 Fee Related Performance Revenues 21,741 12,051 Fee Related Compensation (203,094) (212,220) Other Operating Expenses (150,404) (125,875) Fee Related Earnings 548,578 604,922 Realized Performance Income 175,398 609,207 Realized Performance Income Compensation (114,009) (383,635) Realized Investment Income (2) 198,094 349,354 Realized Investment Income Compensation (29,714) (52,403) Asset Management Segment Operating Earnings $ 778,347 $ 1,127,445 Insurance Net Investment Income (1) (2) $ 1,271,255 $ 862,414 Net Cost of Insurance (750,612) (481,870) General, Administrative and Other (196,714) (146,412) Pre-tax Operating Earnings 323,929 234,132 Pre-tax Operating Earnings Attributable to Noncontrolling Interest (118,817) (90,185) Insurance Segment Operating Earnings $ 205,112 $ 143,947 Total Segment Operating Earnings $ 983,459 $ 1,271,392 (1) Includes intersegment management fees of $108.3 million and $59.0 million for the three months ended March 31, 2023 and 2022, respectively. (2) Includes intersegment interest expense and income of $44.8 million and $25.8 million for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023 2022 Segment Assets: Asset Management $ 30,661,383 $ 31,921,809 Insurance 174,831,730 167,119,948 Total Segment Assets $ 205,493,113 $ 199,041,757 The following tables reconcile the Segment Revenues, Segment Operating Earnings, and Segment Assets to their equivalent GAAP measure: Three Months Ended March 31, 2023 2022 Total GAAP Revenues $ 3,127,482 $ 999,363 Impact of Consolidation and Other 209,778 213,400 Asset Management Adjustments: Capital Allocation-Based Income (Loss) (GAAP) (449,018) 945,743 Realized Carried Interest 172,689 579,767 Realized Investment Income 198,094 349,354 Capstone Fees (19,805) (15,485) Expense Reimbursements (15,544) (41,303) Insurance Adjustments: Net Premiums (473,624) (372,144) Policy Fees (313,802) (313,782) Other Income (37,158) (34,744) (Gains) Losses from Investments (1) 260,507 167,102 Non-operating Changes in Policy Liabilities and Derivatives (112,776) 286,721 Total Segment Revenues (2) $ 2,546,823 $ 2,763,992 (1) Includes gains and losses on funds withheld receivables and payables embedded derivatives. (2) 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. Three Months Ended March 31, 2023 2022 Income (Loss) Before Tax (GAAP) $ 408,435 $ 1,289,039 Impact of Consolidation and Other 99,137 (1,300,326) Interest Expense 85,500 69,460 Equity-based compensation - KKR Holdings (1) — 19,821 Asset Management Adjustments: Unrealized (Gains) Losses 99,327 322,269 Unrealized Carried Interest (202,659) 1,290,033 Unrealized Carried Interest Compensation (Carry Pool) 83,830 (513,987) Strategic Corporate Related Charges 6,807 19,898 Equity-based compensation 59,017 55,111 Equity-based compensation - Performance based 67,273 57,953 Insurance Adjustments: (2) (Gains) Losses from Investments (2)(3) 131,114 129,032 Non-operating Changes in Policy Liabilities and Derivatives (2) 106,491 (192,201) Strategic Corporate Related Charges (2) — 3,079 Equity-based and Other Compensation (2) 36,393 19,498 Amortization of Acquired Intangibles (2) 2,794 2,713 Total Segment Operating Earnings $ 983,459 $ 1,271,392 (1) Represents equity-based compensation expense in connection with the allocation of units of KKR Holdings, which were not dilutive to common stockholders of KKR & Co. Inc. (2) Amounts represent the portion allocable to KKR & Co. Inc. (3) Includes gains and losses on funds withheld receivables and payables embedded derivatives. As of March 31, 2023 March 31, 2022 Total GAAP Assets $ 282,610,589 $ 265,917,965 Impact of Consolidation and Reclassifications (75,160,372) (63,737,743) Carry Pool Reclassifications (1,957,104) (3,138,465) Total Segment Assets $ 205,493,113 $ 199,041,757

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
EQUITY (Tables)	Mar. 31, 2023
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: Three Months Ended March 31, 2023 2022 Shares of common stock repurchased — 5,191,174 Equity awards for common stock retired — —
Schedule of Calculation of Noncontrolling Interests	The following tables present the calculation of total noncontrolling interests: Three Months Ended March 31, 2023 Balance at the beginning of the period (as previously reported) $ 35,778,000 Adoption of New Accounting Standard (See Note 2) 632,858 Balance at the beginning of the period (as revised) 36,410,858 Net income (loss) attributable to noncontrolling interests (73,003) Other comprehensive income (loss), net of tax 367,188 Equity-based and other non-cash compensation 76,596 Capital contributions 2,468,778 Capital distributions (1,840,303) Changes in Consolidation (93,545) Balance at the end of the period $ 37,316,569 Three Months Ended March 31, 2022 Balance at the beginning of the period (as previously reported) $ 40,474,565 Adoption of New Accounting Standard (See Note 2) 104,961 Balance at the beginning of the period (as revised) 40,579,526 Net income (loss) attributable to noncontrolling interests 1,244,987 Other comprehensive income (loss), net of tax (1,620,472) Equity-based and other non-cash compensation 83,392 Capital contributions 3,579,591 Capital distributions (1,873,873) Balance at the end of the period $ 41,993,151

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTERESTS (Tables)	3 Months Ended
REDEEMABLE NONCONTROLLING INTERESTS (Tables)	Mar. 31, 2023
Noncontrolling Interest [Abstract]
Schedule of Rollforward of Redeemable Noncontrolling Interest	The following table presents the calculation of Redeemable Noncontrolling Interests: Three Months Ended March 31, 2023 2022 Balance at the beginning of the period $ 152,065 82,491 Net income (loss) attributable to Redeemable Noncontrolling Interests (7,303) (63) Capital contributions — — Capital distributions (636) (635) Balance at the end of the period $ 144,126 $ 81,793

ORGANIZATION - Narrative (Detai

ORGANIZATION - Narrative (Details) - vote		3 Months Ended
ORGANIZATION - Narrative (Details) - vote	Oct. 08, 2021	Mar. 31, 2023
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of votes per common share (vote)	1
Reorganization agreement, anniversary of death or permanent disability of co-founders	6 months
KKR Group Partnership
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Percentage of economic interest held by parent entity		99.70%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Adoption of Accounting Standard Update (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended		24 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Feb. 01, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						$ 13,550,380
Changes in the net liability position of market risk benefits	$ 755,057	$ 1,117,119	$ 668,858	$ 1,443,403	$ 668,858	1,590,512
Additional liability, insurance benefits						984,400
Reinsurance recoverable						15,828,738
Value of business acquired	1,293,927	1,390,735	1,316,529	1,417,968	1,316,529	1,517,315
Negative VOBA	969,452	1,105,408	1,004,124	1,142,277	1,004,124	1,299,249
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	322,744	(9,786)
As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						13,377,799
Changes in the net liability position of market risk benefits						1,220,425
Embedded derivative						236,000
Reinsurance recoverable						15,753,030
Value of business acquired						1,024,520
Negative VOBA						1,273,414
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders		(73,770)
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Discount Rate Assumptions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						172,581
Reinsurance recoverable						75,708
Value of business acquired						(75,708)
Negative VOBA						0
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Difference Between Carrying Amount And Fair Value For MRB
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits						370,087
Value of business acquired						370,087
Negative VOBA						0
Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						492,795
Negative VOBA						25,835
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Value Of Business Acquired (Liability Assumed)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						198,416
Negative VOBA						25,835
Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits		195,700
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders		63,984
Adjustment \| Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders			319,500	65,900	385,400
Other comprehensive income (loss), net of tax			589,600	10,300	599,900
Payout annuities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits	14,715,186	14,906,681	14,021,514	16,302,904	14,021,514	12,937,208
Reinsurance recoverable	7,636,570	7,906,865				7,175,906
Value of business acquired						101,338
Negative VOBA						25,395
Payout annuities \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						12,785,557
Reinsurance recoverable						7,100,198
Value of business acquired						0
Negative VOBA						0
Payout annuities \| Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Discount Rate Assumptions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						151,651
Reinsurance recoverable						75,708
Payout annuities \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						101,338
Negative VOBA						25,395
Other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits	671,328	814,431	679,807	883,399	679,807	613,172
Reinsurance recoverable	(1,750)	4,609				4,164,982
Value of business acquired	84,044	91,715	85,898	94,479	85,898	0
Negative VOBA	193,455	207,989	198,804	211,296	198,804	201,090
Other \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						592,242
Reinsurance recoverable						4,164,982
Value of business acquired						0
Negative VOBA						201,405
Other \| Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Discount Rate Assumptions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in liability for future policy benefits						20,930
Reinsurance recoverable						0
Other \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						0
Negative VOBA						(315)
Fixed indexed annuities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits	611,221	904,676	548,536	1,188,355	548,536	1,177,468
Reinsurance recoverable						4,487,850
Value of business acquired	652,938	696,768	663,296	709,271	663,296	756,519
Negative VOBA	135,574	175,153	145,610	184,664	145,610	222,135
Fixed indexed annuities \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits						895,114
Reinsurance recoverable						4,487,850
Value of business acquired						474,165
Negative VOBA						222,135
Fixed indexed annuities \| Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Discount Rate Assumptions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reinsurance recoverable						0
Fixed indexed annuities \| Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Difference Between Carrying Amount And Fair Value For MRB
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits						282,354
Fixed indexed annuities \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						282,354
Negative VOBA						0
Variable- and other annuities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits	143,836	212,443	120,322	255,048	120,322	413,044
Variable- and other annuities \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits						325,311
Variable- and other annuities \| Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Difference Between Carrying Amount And Fair Value For MRB
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Changes in the net liability position of market risk benefits						87,733
Fixed rate annuities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired	47,790	51,723	48,762	52,723	48,762	56,563
Negative VOBA	89,622	126,401	98,342	136,227	98,342	180,769
Fixed rate annuities \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						56,563
Negative VOBA						180,769
Fixed rate annuities \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						0
Negative VOBA						0
Interest sensitive life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired	273,747	288,375	276,795	292,323	276,795	307,908
Negative VOBA	453,448	488,564	461,592	500,264	461,592	550,738
Interest sensitive life \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						307,216
Negative VOBA						549,983
Interest sensitive life \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						692
Negative VOBA						755
Variable annuities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired	235,408	262,154	241,778	269,172	241,778	294,987
Negative VOBA	$ 97,353	$ 107,301	$ 99,776	$ 109,826	$ 99,776	119,122
Variable annuities \| As previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						186,576
Negative VOBA						119,122
Variable annuities \| Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of business acquired						108,411
Negative VOBA						$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Retrospective Application of ASU Adoption (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended		24 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Feb. 01, 2021
Balance Sheet Related Disclosures [Abstract]
Other assets	$ 10,969,297		$ 11,238,955		$ 11,238,955
Accrued Expenses and Other Liabilities	11,257,846		11,072,150		11,072,150
Total Equity	56,979,250	$ 58,071,855
Income Statement Related Disclosures [Abstract]
Income tax expense (benefit)	148,747	36,651
Net Income (Loss)	259,688	1,252,388
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders	322,744	(9,786)
Change in liability for future policy benefits						$ (13,550,380)
Statement Of Comprehensive Income Related Disclosures [Abstract]
Unrealized Gains (Losses) on Available-For-Sale Securities and Other	1,132,752	(3,539,038)
Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities	(137,101)	724,586
Comprehensive Income (Loss)	1,237,101	(1,584,345)
Comprehensive Income (Loss) Attributable to KKR & Co. Inc.	950,219	(1,208,797)
Statement Of Cash Flow Related Disclosure [Abstract]
Other non-cash amounts	49,999	7,971
Change in other assets	493,728	610,079
Change in accounts payable, accrued expenses and other liabilities	$ 699,553	$ (491,656)
Common Stock
Income Statement Related Disclosures [Abstract]
Basic (in dollars per share)	$ 0.37	$ (0.02)
Diluted (in dollars per share)	$ 0.36	$ (0.02)
As previously reported
Income Statement Related Disclosures [Abstract]
Income tax expense (benefit)		$ (3,166)
Net Income (Loss)		1,102,602
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders		(73,770)
Change in liability for future policy benefits						$ (13,377,799)
Statement Of Comprehensive Income Related Disclosures [Abstract]
Unrealized Gains (Losses) on Available-For-Sale Securities and Other		(3,339,211)
Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities		0
Comprehensive Income (Loss)		(2,258,890)
Comprehensive Income (Loss) Attributable to KKR & Co. Inc.		(1,496,943)
Statement Of Cash Flow Related Disclosure [Abstract]
Other non-cash amounts		(8,079)
Change in other assets		570,262
Change in accounts payable, accrued expenses and other liabilities		$ (491,126)
As previously reported \| Common Stock
Income Statement Related Disclosures [Abstract]
Basic (in dollars per share)		$ (0.12)
Diluted (in dollars per share)		$ (0.12)
Adjustment
Income Statement Related Disclosures [Abstract]
Income tax expense (benefit)		$ 39,817
Net Income (Loss)		149,786
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders		63,984
Change in liability for future policy benefits		(195,700)
Statement Of Comprehensive Income Related Disclosures [Abstract]
Unrealized Gains (Losses) on Available-For-Sale Securities and Other		(199,827)
Net effect of changes in discount rates and instrument-specific credit risk on policy liabilities		724,586
Comprehensive Income (Loss)		674,545
Comprehensive Income (Loss) Attributable to KKR & Co. Inc.		288,146
Statement Of Cash Flow Related Disclosure [Abstract]
Other non-cash amounts		16,050
Change in other assets		39,817
Change in accounts payable, accrued expenses and other liabilities		$ (530)
Adjustment \| Common Stock
Income Statement Related Disclosures [Abstract]
Basic (in dollars per share)		$ 0.10
Diluted (in dollars per share)		$ 0.10
Adjustment \| Accounting Standards Update 2018-12
Income Statement Related Disclosures [Abstract]
Net Income (Loss) Attributable to KKR & Co. Inc. Common Stockholders			319,500	$ 65,900	385,400
Insurance
Balance Sheet Related Disclosures [Abstract]
Reinsurance recoverable, fair value	$ 26,157,178		26,022,081		26,022,081
Insurance intangibles	2,391,610		2,331,494		2,331,494
Other assets	5,920,967		6,041,329		6,041,329
Total assets	172,026,732		169,151,488		169,151,488
Policy liabilities	141,129,974		137,780,929		137,780,929
Accrued Expenses and Other Liabilities	3,465,099		4,600,375		4,600,375
Total Liabilities	174,739,420		172,439,501		172,439,501
Income Statement Related Disclosures [Abstract]
Policy fees	313,802	$ 313,782
Net policy benefits and claims	1,527,054	513,178
Amortization of policy acquisition costs	44,211	11,422
Insurance Expenses	225,318	115,803
General, Administrative and Other	211,731	167,624
Statement Of Cash Flow Related Disclosure [Abstract]
Net realized (gains) losses on insurance operations	953,155	(270,658)
Change in policy liabilities and accruals, net	130,151	(431,737)
Insurance \| As previously reported
Balance Sheet Related Disclosures [Abstract]
Reinsurance recoverable, fair value			27,919,591		27,919,591
Insurance intangibles			1,722,681		1,722,681
Other assets			6,483,187		6,483,187
Policy liabilities			141,223,287		141,223,287
Accrued Expenses and Other Liabilities			4,600,377		4,600,377
Income Statement Related Disclosures [Abstract]
Policy fees		318,436
Net policy benefits and claims		726,060
Amortization of policy acquisition costs		(7,733)
Insurance Expenses		116,743
General, Administrative and Other		167,214
Statement Of Cash Flow Related Disclosure [Abstract]
Net realized (gains) losses on insurance operations		(74,974)
Change in policy liabilities and accruals, net		(422,298)
Insurance \| Adjustment
Income Statement Related Disclosures [Abstract]
Policy fees		(4,654)
Net policy benefits and claims		(212,882)
Amortization of policy acquisition costs		19,155
Insurance Expenses		(940)
General, Administrative and Other		410
Statement Of Cash Flow Related Disclosure [Abstract]
Net realized (gains) losses on insurance operations		(195,684)
Change in policy liabilities and accruals, net		(9,439)
Insurance \| Adjustment \| Accounting Standards Update 2018-12
Balance Sheet Related Disclosures [Abstract]
Reinsurance recoverable, fair value			(1,897,510)		(1,897,510)
Insurance intangibles			608,813		608,813
Other assets			(441,858)		(441,858)
Policy liabilities			(3,442,358)		(3,442,358)
Accrued Expenses and Other Liabilities			(2)		(2)
Asset Management and Insurance Segments
Balance Sheet Related Disclosures [Abstract]
Total assets	282,610,589	$ 265,917,965	275,346,636		275,346,636
Total Liabilities	225,487,213		219,975,946		219,975,946
Additional Paid-In Capital	16,339,472		16,284,057		16,284,057
Retained earnings	6,890,381		6,701,107		6,701,107
Accumulated other comprehensive income (loss)	(4,691,575)		(5,301,800)		(5,301,800)
Noncontrolling interest	37,316,569		36,410,858		36,410,858
Total Equity	$ 56,979,250		55,218,625		55,218,625
Asset Management and Insurance Segments \| As previously reported
Balance Sheet Related Disclosures [Abstract]
Total assets			277,077,191		277,077,191
Total Liabilities			223,418,306		223,418,306
Additional Paid-In Capital			16,190,407		16,190,407
Retained earnings			6,315,711		6,315,711
Accumulated other comprehensive income (loss)			(5,901,701)		(5,901,701)
Noncontrolling interest			35,778,000		35,778,000
Total Equity			53,506,820		53,506,820
Asset Management and Insurance Segments \| Adjustment \| Accounting Standards Update 2018-12
Balance Sheet Related Disclosures [Abstract]
Total assets			(1,730,555)		(1,730,555)
Total Liabilities			(3,442,360)		(3,442,360)
Additional Paid-In Capital			93,650		93,650
Retained earnings			385,396		385,396
Accumulated other comprehensive income (loss)			599,901		599,901
Noncontrolling interest			632,858		632,858
Total Equity			$ 1,711,805		$ 1,711,805

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - KJR Management ¥ in Billions			10 Months Ended
	Mar. 17, 2022 JPY (¥)	Mar. 17, 2022 USD ($)	Dec. 31, 2022 USD ($)	Apr. 28, 2022 USD ($) reit
Business Acquisition [Line Items]
Cash Consideration paid by KKR	¥ 227	$ 1,700,000,000
Number of REITs managed \| reit				2
Finite lived intangible assets				$ 1,733,000,000
Deferred tax liabilities recognized				530,000,000
Goodwill				$ 509,000,000
Adjustment to consideration transferred			$ 0

REVENUES - ASSET MANAGEMENT (De

REVENUES - ASSET MANAGEMENT (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Total Revenues - Asset Management	$ 3,127,482	$ 999,363
Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	677,016	780,511
Carried Interest	343,070	(783,688)
General Partner Capital Interest	105,948	(162,055)
Capital Allocation-Based Income (Loss)	449,018	(945,743)
Total Revenues - Asset Management	1,126,034	(165,232)
Management Fees \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	453,093	398,046
Fee Credits \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	(57,531)	(187,745)
Transaction Fees \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	209,839	466,966
Monitoring Fees \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	29,853	39,400
Incentive Fees \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	6,413	7,057
Expense Reimbursements \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	15,544	41,303
Consulting Fees \| Asset Management
Advisory, Investment Management, Capital Markets and Other Services Fees [Line Items]
Fees and Other	$ 19,805	$ 15,484

NET GAINS (LOSSES) FROM INVES_3

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES - ASSET MANAGEMENT (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	$ 99,380	$ 279,629
Net Unrealized Gains (Losses)	(258,789)	634,632
Net Gains (Losses) From Investment Activities	(159,409)	914,261
Private Equity
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	199,081	198,380
Net Unrealized Gains (Losses)	(36,664)	(265,326)
Net Gains (Losses) From Investment Activities	162,417	(66,946)
Credit
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(22,963)	(11,455)
Net Unrealized Gains (Losses)	104,775	(188,974)
Net Gains (Losses) From Investment Activities	81,812	(200,429)
Investments of Consolidated CFEs
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(5,017)	2,949
Net Unrealized Gains (Losses)	317,881	(269,548)
Net Gains (Losses) From Investment Activities	312,864	(266,599)
Real Assets
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	9,434	(2,761)
Net Unrealized Gains (Losses)	(325,909)	1,297,270
Net Gains (Losses) From Investment Activities	(316,475)	1,294,509
Equity Method - Other
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	39,219	14,284
Net Unrealized Gains (Losses)	29,505	(72,642)
Net Gains (Losses) From Investment Activities	68,724	(58,358)
Other Investments
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(112,663)	1,743
Net Unrealized Gains (Losses)	(519)	(15,015)
Net Gains (Losses) From Investment Activities	(113,182)	(13,272)
Foreign Exchange Forward Contracts and Options
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(58,635)	90,890
Net Unrealized Gains (Losses)	36,269	(147,007)
Net Gains (Losses) From Investment Activities	(22,366)	(56,117)
Securities Sold Short
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(3,475)	36,082
Net Unrealized Gains (Losses)	2,241	10,181
Net Gains (Losses) From Investment Activities	(1,234)	46,263
Other Derivatives
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	(2,122)	(12,005)
Net Unrealized Gains (Losses)	14,330	20,137
Net Gains (Losses) From Investment Activities	12,208	8,132
Debt Obligations and Other
Gain (Loss) on Securities [Line Items]
Net Realized Gains (Losses)	56,521	(38,478)
Net Unrealized Gains (Losses)	(400,698)	265,556
Net Gains (Losses) From Investment Activities	$ (344,177)	$ 227,078

NET INVESTMENT INCOME - INSUR_3

NET INVESTMENT INCOME - INSURANCE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Investment Income [Line Items]
Gross investment income	$ 1,451,585	$ 980,745
Net Investment Income	1,300,697	812,605
Investment management and administration
Net Investment Income [Line Items]
Investment expenses	85,341	113,131
Transportation and renewable energy asset depreciation and maintenance
Net Investment Income [Line Items]
Investment expenses	49,162	53,953
Interest expense on derivative collateral and repurchase agreements
Net Investment Income [Line Items]
Investment expenses	16,385	1,056
Fixed maturity securities – interest and other income
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	1,050,796	691,293
Mortgage and other loan receivables
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	459,146	324,141
Investments in transportation and other leased assets
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	76,188	67,679
Investments in renewable energy
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	20,583	25,218
Investments in real estate
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	36,101	3,903
Short-term and other investment income
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	77,616	20,697
Income assumed from funds withheld receivable at interest
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	22,101	19,605
Policy loans
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	10,277	7,911
Income ceded to funds withheld payable at interest
Net Investment Income [Line Items]
Gross investment income and gain (loss) on equity method investments	$ (301,223)	$ (179,702)

NET INVESTMENT-RELATED LOSSES_3

NET INVESTMENT-RELATED LOSSES - INSURANCE - Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Investment Income [Line Items]
Credit loss allowances on mortgage and other loan receivables	$ (64,111,000)	$ (26,085,000)
Insurance
Net Investment Income [Line Items]
Realized gains (losses) on available-for-sale fixed maturity debt securities	3,432,000	(243,350,000)
Credit loss allowances on available-for-sale securities	(76,318,000)	(10,602,000)
Credit loss allowances on mortgage and other loan receivables	(64,111,000)	(26,085,000)
Allowances on unfunded commitments	(8,000,000)	6,790,000
Impairment of available-for-sale fixed maturity debt securities due to intent to sell	(26,741,000)	0
Unrealized gains (losses) on fixed maturity securities classified as trading	376,290,000	(1,038,446,000)
Unrealized losses on investments recognized under the fair-value option	(55,773,000)	(2,493,000)
Unrealized gains on real estate investments recognized at fair value under investment company accounting	63,192,000	77,692,000
Net (losses) gains on derivative instruments	(348,225,000)	859,734,000
Other realized losses (gains)	(9,292,000)	8,867,000
Net investment-related losses	(123,833,000)	(368,680,000)
Insurance \| Payable Portfolio Segment
Net Investment Income [Line Items]
Realized gains (losses) on funds withheld at interest, payable portfolio	3,980,000	(26,387,000)
Insurance \| Receivable Portfolio Segment
Net Investment Income [Line Items]
Realized gains (losses) on funds withheld at interest, payable portfolio	$ 17,733,000	$ 25,600,000

NET INVESTMENT-RELATED LOSSES_4

NET INVESTMENT-RELATED LOSSES - INSURANCE - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	$ 128,332	$ 88,133
Initial impairments for credit losses recognized on securities not previously impaired	45,351	15,880
Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities	0	140
Accretion of initial credit loss allowance on PCD securities	351	477
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	(3,887)	(2,444)
Net additions / reductions for securities previously impaired	30,967	(5,278)
Balance, as of end of period	201,114	96,908
Corporate
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	1,298	3,238
Initial impairments for credit losses recognized on securities not previously impaired	151	122
Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities	0	0
Accretion of initial credit loss allowance on PCD securities	0	0
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	0	0
Net additions / reductions for securities previously impaired	0	1,640
Balance, as of end of period	1,449	5,000
Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	127,034	84,895
Initial impairments for credit losses recognized on securities not previously impaired	45,200	15,758
Initial credit loss allowance recognized on purchased credit deteriorated ("PCD") securities	0	140
Accretion of initial credit loss allowance on PCD securities	351	477
Reductions due to sales (or maturities, pay downs or prepayments) during the period of securities previously identified as credit impaired	(3,887)	(2,444)
Net additions / reductions for securities previously impaired	30,967	(6,918)
Balance, as of end of period	$ 199,665	$ 91,908

NET INVESTMENT-RELATED LOSSES_5

NET INVESTMENT-RELATED LOSSES - INSURANCE - Allowance for Credit Losses, Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	$ 560,228	$ 374,077
Net provision (release)	64,111	26,085
Charge-offs	(37,065)	0
Recoveries of amounts previously charged-off	1,826	0
Balance, as of end of period	589,100	400,162
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	227,315	65,970
Net provision (release)	20,111	15,566
Charge-offs	0	0
Recoveries of amounts previously charged-off	0	0
Balance, as of end of period	247,426	81,536
Residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	125,824	72,082
Net provision (release)	10,316	15,501
Charge-offs	(1,693)	0
Recoveries of amounts previously charged-off	0	0
Balance, as of end of period	134,447	87,583
Consumer and Other Loan Receivables
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, as of beginning of period	207,089	236,025
Net provision (release)	33,684	(4,982)
Charge-offs	(35,372)	0
Recoveries of amounts previously charged-off	1,826	0
Balance, as of end of period	$ 207,227	$ 231,043

NET INVESTMENT-RELATED LOSSES_6

NET INVESTMENT-RELATED LOSSES - INSURANCE - Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AFS fixed maturity securities:
Proceeds from voluntary sales	$ 1,406,925	$ 6,128,285
Gross gains	15,464	8,942
Gross losses	$ (10,044)	$ (245,871)

INVESTMENTS - Summary of Invest

INVESTMENTS - Summary of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total Investments	$ 227,351,312	$ 216,574,639
Cost or amortized cost	78,245,503	73,600,788
Allowance for credit losses	201,114	128,332	$ 96,908	$ 88,133
Asset Management
Schedule of Investments [Line Items]
Total Investments	97,949,918	92,375,463
Insurance
Schedule of Investments [Line Items]
Total Investments	129,401,394	124,199,176
Cost or amortized cost	78,200,000	73,600,000
Allowance for credit losses	201,100	128,300
Amortized cost, trading securities	15,100,000	14,800,000
Private Equity \| Asset Management
Schedule of Investments [Line Items]
Total Investments	27,454,205	26,607,688
Credit \| Asset Management
Schedule of Investments [Line Items]
Total Investments	8,297,931	7,804,392
Investments of Consolidated CFEs \| Asset Management
Schedule of Investments [Line Items]
Total Investments	24,013,221	22,492,366
Real Assets \| Asset Management
Schedule of Investments [Line Items]
Total Investments	19,854,474	17,976,366
Equity Method - Other \| Asset Management
Schedule of Investments [Line Items]
Total Investments	7,043,747	6,838,541
Equity Method - Capital Allocation-Based Income \| Asset Management
Schedule of Investments [Line Items]
Total Investments	7,204,647	6,862,712
Other investments \| Asset Management
Schedule of Investments [Line Items]
Total Investments	4,081,693	3,793,398
Other investments \| Insurance
Schedule of Investments [Line Items]
Total Investments	10,446,292	11,374,656
Fixed maturity securities, available-for-sale, at fair value \| Insurance
Schedule of Investments [Line Items]
Total Investments	67,828,743	61,939,529
Mortgage and other loan receivables \| Insurance
Schedule of Investments [Line Items]
Total Investments	34,698,694	35,090,698
Fixed maturity securities, trading, at fair value \| Insurance
Schedule of Investments [Line Items]
Total Investments	12,755,365	12,038,847
Funds withheld receivable at interest \| Insurance
Schedule of Investments [Line Items]
Total Investments	2,774,730	2,868,036
Policy loans \| Insurance
Schedule of Investments [Line Items]
Total Investments	880,030	868,911
Equity securities at fair value \| Insurance
Schedule of Investments [Line Items]
Total Investments	$ 17,540	$ 18,499

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details)	3 Months Ended
INVESTMENTS - Narrative (Details)	Mar. 31, 2023 USD ($) security	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) security
Schedule of Investments [Line Items]
Gross unrealized losses on AFS fixed maturity securities	$ 10,402,958,000		$ 11,606,239,000
Securities in unrealized loss position \| security	4,797
Equity method investment	$ 1,100,000,000		1,100,000,000
Equity method investment, maximum exposure to loss	20,500,000		21,000,000
Other investments	10,446,292,000		11,374,656,000
Repurchase agreements, notional value	312,200,000		798,900,000
Repurchase agreements, fair value	328,286,000		833,568,000
Insurance
Schedule of Investments [Line Items]
Impairment of available-for-sale fixed maturity debt securities due to intent to sell	(26,741,000)	$ 0
Repurchase agreements, fair value	313,797,000		805,316,000
Residential And Commercial Portfolio Segment
Schedule of Investments [Line Items]
Mortgage loans 90 days past due or in process of foreclosure	$ 324,300,000		$ 192,300,000
Residential
Schedule of Investments [Line Items]
Weighted average loan-to-value ratio	65%		64%
Global Atlantic
Schedule of Investments [Line Items]
Securities in unrealized loss position \| security	6,281		6,328
State And Governmental Authorities
Schedule of Investments [Line Items]
Other investments	$ 149,000,000		$ 142,700,000
Investment, Fair Value Option
Schedule of Investments [Line Items]
Other investments	219,800,000		264,900,000
Below Investment Grade
Schedule of Investments [Line Items]
Gross unrealized losses on AFS fixed maturity securities	841,000,000		836,300,000
Gross unrealized losses on AFS fixed maturity securities, single largest loss	$ 60,000,000		$ 60,400,000
Investments \| Investment Concentration Risk
Schedule of Investments [Line Items]
Threshold percentage of total investments (greater than)	5%		5%

INVESTMENTS - AFS Fixed Maturit

INVESTMENTS - AFS Fixed Maturity Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	$ 78,245,503	$ 73,600,788
Allowance for Credit Losses	(201,114)	(128,332)	$ (96,908)	$ (88,133)
Gross unrealized gains	187,312	73,312
Gross unrealized losses	(10,402,958)	(11,606,239)
Fair value	67,828,743	61,939,529
Allowance for credit losses at acquisition	(23,600)	(29,900)
U.S. government and agencies
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	440,171	438,931
Allowance for Credit Losses	0	0
Gross unrealized gains	1,850	304
Gross unrealized losses	(63,495)	(72,494)
Fair value	378,526	366,741
U.S. state, municipal and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	5,567,801	5,638,252
Allowance for Credit Losses	0	0
Gross unrealized gains	20,895	6,582
Gross unrealized losses	(1,020,472)	(1,233,874)
Fair value	4,568,224	4,410,960
Corporate
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	47,216,455	44,253,062
Allowance for Credit Losses	(1,449)	(1,298)	$ (5,000)	$ (3,238)
Gross unrealized gains	141,254	49,509
Gross unrealized losses	(7,122,069)	(7,984,341)
Fair value	40,234,191	36,316,932
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	7,981,482	7,307,526
Allowance for Credit Losses	(146,755)	(100,554)
Gross unrealized gains	13,487	12,052
Gross unrealized losses	(807,058)	(834,212)
Fair value	7,041,156	6,384,812
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	7,454,715	7,269,662
Allowance for Credit Losses	(15,628)	(14,490)
Gross unrealized gains	846	36
Gross unrealized losses	(822,087)	(834,735)
Fair value	6,617,846	6,420,473
Collateralized bond obligations
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	3,029,471	3,051,850
Allowance for Credit Losses	(745)	(426)
Gross unrealized gains	0	0
Gross unrealized losses	(185,820)	(217,773)
Fair value	2,842,906	2,833,651
CLOs
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	3,460,298	2,726,888
Allowance for Credit Losses	(25,087)	(6,165)
Gross unrealized gains	1,184	127
Gross unrealized losses	(166,211)	(200,160)
Fair value	3,270,184	2,520,690
Asset-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Cost or amortized cost	3,095,110	2,914,617
Allowance for Credit Losses	(11,450)	(5,399)
Gross unrealized gains	7,796	4,702
Gross unrealized losses	(215,746)	(228,650)
Fair value	$ 2,875,710	$ 2,685,270

INVESTMENTS - Maturity Distribu

INVESTMENTS - Maturity Distribution for AFS Fixed Maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Cost or amortized cost (net of allowance)
Due in one year or less	$ 1,111,146
Due after one year through five years	12,746,392
Due after five years through ten years	10,175,556
Due after ten years	29,189,884
Subtotal	53,222,978
Cost or amortized cost	78,044,389
Fair value
Due in one year or less	1,099,144
Due after one year through five years	12,176,052
Due after five years through ten years	9,410,865
Due after ten years	22,494,880
Subtotal	45,180,941
Fair value	67,828,743	$ 61,939,529
Residential mortgage-backed securities
Cost or amortized cost (net of allowance)
Without single maturity date	7,834,727
Fair value
Without single maturity date	7,041,156
Fair value	7,041,156	6,384,812
Commercial mortgage-backed securities
Cost or amortized cost (net of allowance)
Without single maturity date	7,439,087
Fair value
Without single maturity date	6,617,846
Fair value	6,617,846	6,420,473
Collateralized bond obligations
Cost or amortized cost (net of allowance)
Without single maturity date	3,028,726
Fair value
Without single maturity date	2,842,906
Fair value	2,842,906	2,833,651
CLOs
Cost or amortized cost (net of allowance)
Without single maturity date	3,435,211
Fair value
Without single maturity date	3,270,184
Fair value	3,270,184	2,520,690
Asset-Backed Securities
Cost or amortized cost (net of allowance)
Without single maturity date	3,083,660
Fair value
Without single maturity date	2,875,710
Fair value	$ 2,875,710	$ 2,685,270

INVESTMENTS - Purchased Credit

INVESTMENTS - Purchased Credit Deteriorated Securities (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Allowance for credit losses at acquisition	$ 23,600		$ 29,900
Global Atlantic
Debt Securities, Available-for-sale [Line Items]
Purchase price of PCD securities acquired during the current period	0	$ 5,185
Allowance for credit losses at acquisition	0	140
Discount attributable to other factors	0	1,207
Par value	$ 0	$ 6,532

INVESTMENTS - AFS in Continuous

INVESTMENTS - AFS in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	$ 16,247,669	$ 30,113,886
Less than 12 months, Unrealized losses	(832,894)	(4,017,293)
12 months or more, Fair value	42,870,621	27,191,183
12 months or more, Unrealized losses	(9,570,064)	(7,588,946)
Total, Fair value	59,118,290	57,305,069
Total, Unrealized losses	(10,402,958)	(11,606,239)
U.S. government and agencies
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	41,237	122,272
Less than 12 months, Unrealized losses	(442)	(52,639)
12 months or more, Fair value	202,902	108,498
12 months or more, Unrealized losses	(63,053)	(19,855)
Total, Fair value	244,139	230,770
Total, Unrealized losses	(63,495)	(72,494)
U.S. state, municipal and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	447,639	2,321,404
Less than 12 months, Unrealized losses	(35,891)	(605,698)
12 months or more, Fair value	3,617,169	1,780,984
12 months or more, Unrealized losses	(984,581)	(628,176)
Total, Fair value	4,064,808	4,102,388
Total, Unrealized losses	(1,020,472)	(1,233,874)
Corporate
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	9,620,913	14,792,384
Less than 12 months, Unrealized losses	(417,413)	(2,114,695)
12 months or more, Fair value	24,411,962	17,943,907
12 months or more, Unrealized losses	(6,704,656)	(5,869,646)
Total, Fair value	34,032,875	32,736,291
Total, Unrealized losses	(7,122,069)	(7,984,341)
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	2,270,895	3,998,737
Less than 12 months, Unrealized losses	(156,956)	(442,543)
12 months or more, Fair value	3,918,339	2,068,529
12 months or more, Unrealized losses	(650,102)	(391,669)
Total, Fair value	6,189,234	6,067,266
Total, Unrealized losses	(807,058)	(834,212)
Collateralized bond obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	672,051	1,351,552
Less than 12 months, Unrealized losses	(33,236)	(103,499)
12 months or more, Fair value	2,170,855	1,482,099
12 months or more, Unrealized losses	(152,584)	(114,274)
Total, Fair value	2,842,906	2,833,651
Total, Unrealized losses	(185,820)	(217,773)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	1,283,842	4,054,053
Less than 12 months, Unrealized losses	(92,237)	(445,168)
12 months or more, Fair value	5,200,921	2,338,517
12 months or more, Unrealized losses	(729,850)	(389,567)
Total, Fair value	6,484,763	6,392,570
Total, Unrealized losses	(822,087)	(834,735)
CLOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	768,231	1,862,608
Less than 12 months, Unrealized losses	(21,498)	(139,766)
12 months or more, Fair value	2,029,386	636,014
12 months or more, Unrealized losses	(144,713)	(60,394)
Total, Fair value	2,797,617	2,498,622
Total, Unrealized losses	(166,211)	(200,160)
Asset-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair value	1,142,861	1,610,876
Less than 12 months, Unrealized losses	(75,221)	(113,285)
12 months or more, Fair value	1,319,087	832,635
12 months or more, Unrealized losses	(140,525)	(115,365)
Total, Fair value	2,461,948	2,443,511
Total, Unrealized losses	$ (215,746)	$ (228,650)

INVESTMENTS - Mortgage and Othe

INVESTMENTS - Mortgage and Other Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	$ 35,287,794	$ 35,650,926
Allowance for credit losses	(589,100)	(560,228)	$ (400,162)	$ (374,077)
Total mortgage and other loan receivables, net of allowance for loan losses	34,698,694	35,090,698
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	19,004,039	18,830,780
Allowance for credit losses	(247,426)	(227,315)	(81,536)	(65,970)
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	10,702,441	10,688,972
Allowance for credit losses	(134,447)	(125,824)	$ (87,583)	$ (72,082)
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	4,970,378	5,228,534
Other loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	610,936	902,640
Other loan receivables \| Aircraft
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	272,800	282,300
Commercial mortgage loan, fair value option \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total mortgage and other loan receivables	773,900	787,500
Total mortgage and other loan receivables, net of allowance for loan losses	864,400	871,200
Purchase-Credit Deteriorated Mortgage and Other Loan Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (108,600)	$ (106,200)

INVESTMENTS - Maturity of Resid

INVESTMENTS - Maturity of Residential and Commercial Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 35,287,794	$ 35,650,926
Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Remainder of 2023	1,643,784
2024	2,611,545
2025	3,689,611
2026	4,507,623
2027	3,771,929
2028	1,528,051
2029 and thereafter	11,953,937
Total	29,706,480	29,519,752
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Remainder of 2023	131,042
2024	447,388
2025	15,739
2026	929,252
2027	816,303
2028	131,774
2029 and thereafter	8,230,943
Total	10,702,441	10,688,972
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Remainder of 2023	1,512,742
2024	2,164,157
2025	3,673,872
2026	3,578,371
2027	2,955,626
2028	1,396,277
2029 and thereafter	3,722,994
Total	$ 19,004,039	$ 18,830,780

INVESTMENTS - Mortgage Loan Por

INVESTMENTS - Mortgage Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 35,287,794	$ 35,650,926
Financing receivable, before allowance for credit loss, to total, percent	100%	100%
Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 29,706,480	$ 29,519,752
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	36%	36.20%
Residential \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 10,702,441	$ 10,688,972
Office building
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	15.60%	15.60%
Office building \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 4,629,307	$ 4,594,238
Apartment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	32.60%	32.90%
Apartment \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 9,694,666	$ 9,698,728
Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	10.80%	10.60%
Industrial \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 3,209,573	$ 3,139,163
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	1.90%	2.10%
Retail \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 572,748	$ 630,455
Other property types
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	2.30%	2%
Other property types \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 689,834	$ 582,479
Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	0.80%	0.60%
Warehouse \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 207,911	$ 185,717
Pacific
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	24.10%	24.40%
Pacific \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 7,163,287	$ 7,197,110
West South Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	12.40%	12.10%
West South Central \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 3,687,564	$ 3,582,648
South Atlantic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	27.30%	27.30%
South Atlantic \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 8,119,808	$ 8,051,653
Middle Atlantic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	12.50%	12.20%
Middle Atlantic \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 3,699,989	$ 3,590,530
East North Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	4.20%	4.20%
East North Central \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 1,257,665	$ 1,240,264
Mountain
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	10.60%	10.70%
Mountain \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 3,142,342	$ 3,152,895
New England
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	4.60%	4.80%
New England \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 1,371,832	$ 1,414,897
East South Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	2.40%	2.40%
East South Central \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 704,109	$ 712,886
West North Central
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	1.10%	1.20%
West North Central \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 328,156	$ 349,079
Other regions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, to total, percent	0.80%	0.70%
Other regions \| Residential And Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans	$ 231,728	$ 227,790

INVESTMENTS - Receivables By Cr

INVESTMENTS - Receivables By Credit Quality Indicator (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 35,287,794	$ 35,650,926
Residential, Commercial, And Consumer Portfolio Segment
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	318,919
Year two, fiscal year before current fiscal year	8,604,794
Year three, two years before current fiscal year	13,895,846
Year four, three years before current fiscal year	3,472,089
Year five, four years before current fiscal year	2,495,337
Prior	5,889,873
Total	34,676,858
Residential And Commercial Portfolio Segment
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year		7,955,227
Year two, fiscal year before current fiscal year		11,746,462
Year three, two years before current fiscal year		2,708,503
Year four, three years before current fiscal year		1,809,762
Year five, four years before current fiscal year		1,276,701
Prior		4,023,097
Total	29,706,480	29,519,752
Commercial
Current-period gross charge-offs
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Total	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	199,707	6,081,261
Year two, fiscal year before current fiscal year	6,164,880	6,845,839
Year three, two years before current fiscal year	6,927,008	809,254
Year four, three years before current fiscal year	777,073	1,529,897
Year five, four years before current fiscal year	1,520,668	1,260,593
Prior	3,414,703	2,303,936
Total	19,004,039	18,830,780
Residential
Current-period gross charge-offs
2023	0
2022	(246)
2021	(210)
2020	(46)
2019	(133)
Prior	(1,058)
Total	(1,693)
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	117,738	1,873,966
Year two, fiscal year before current fiscal year	1,906,482	4,900,623
Year three, two years before current fiscal year	4,834,499	1,899,249
Year four, three years before current fiscal year	1,870,408	279,865
Year five, four years before current fiscal year	273,927	16,108
Prior	1,699,387	1,719,161
Total	10,702,441	10,688,972
Consumer loans
Current-period gross charge-offs
2023	0
2022	(3,092)
2021	(18,826)
2020	(5,181)
2019	(3,165)
Prior	(5,108)
Total	(35,372)
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	1,474
Year two, fiscal year before current fiscal year	533,432
Year three, two years before current fiscal year	2,134,339
Year four, three years before current fiscal year	824,608
Year five, four years before current fiscal year	700,742
Prior	775,783
Total	4,970,378	5,228,534
Current \| Commercial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	199,707	6,081,261
Year two, fiscal year before current fiscal year	6,164,880	6,845,839
Year three, two years before current fiscal year	6,927,008	809,254
Year four, three years before current fiscal year	777,073	1,529,897
Year five, four years before current fiscal year	1,417,346	1,260,593
Prior	3,414,703	2,303,936
Total	18,900,717	18,830,780
Current \| Residential
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	117,738	1,855,038
Year two, fiscal year before current fiscal year	1,875,615	4,802,333
Year three, two years before current fiscal year	4,711,601	1,879,606
Year four, three years before current fiscal year	1,851,565	264,050
Year five, four years before current fiscal year	255,925	13,670
Prior	1,460,682	1,485,244
Total	10,273,126	10,299,941
Current \| Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	1,474
Year two, fiscal year before current fiscal year	522,779
Year three, two years before current fiscal year	2,074,812
Year four, three years before current fiscal year	809,837
Year five, four years before current fiscal year	688,962
Prior	747,937
Total	4,845,801	5,113,507
30 to 59 days past due \| Commercial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	0
Year two, fiscal year before current fiscal year	0	0
Year three, two years before current fiscal year	0	0
Year four, three years before current fiscal year	0	0
Year five, four years before current fiscal year	0	0
Prior	0	0
Total	0	0
30 to 59 days past due \| Residential
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	10,534
Year two, fiscal year before current fiscal year	13,476	49,169
Year three, two years before current fiscal year	45,876	6,144
Year four, three years before current fiscal year	4,489	6,471
Year five, four years before current fiscal year	3,278	0
Prior	87,160	80,357
Total	154,279	152,675
30 to 59 days past due \| Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0
Year two, fiscal year before current fiscal year	4,642
Year three, two years before current fiscal year	30,435
Year four, three years before current fiscal year	5,933
Year five, four years before current fiscal year	4,608
Prior	13,359
Total	58,977	62,742
60 to 89 days past due \| Commercial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	0
Year two, fiscal year before current fiscal year	0	0
Year three, two years before current fiscal year	0	0
Year four, three years before current fiscal year	0	0
Year five, four years before current fiscal year	0	0
Prior	0	0
Total	0	0
60 to 89 days past due \| Residential
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	796
Year two, fiscal year before current fiscal year	6,582	13,143
Year three, two years before current fiscal year	15,333	2,016
Year four, three years before current fiscal year	1,515	955
Year five, four years before current fiscal year	3,411	0
Prior	27,193	27,114
Total	54,034	44,024
60 to 89 days past due \| Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0
Year two, fiscal year before current fiscal year	2,637
Year three, two years before current fiscal year	14,479
Year four, three years before current fiscal year	2,998
Year five, four years before current fiscal year	2,373
Prior	7,925
Total	30,412	31,371
90 days or more past due \| Commercial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	0
Year two, fiscal year before current fiscal year	0	0
Year three, two years before current fiscal year	0	0
Year four, three years before current fiscal year	0	0
Year five, four years before current fiscal year	103,322	0
Prior	0	0
Total	103,322	0
90 days or more past due \| Residential
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0	7,598
Year two, fiscal year before current fiscal year	10,809	35,978
Year three, two years before current fiscal year	61,689	11,483
Year four, three years before current fiscal year	12,839	8,389
Year five, four years before current fiscal year	11,313	2,438
Prior	124,352	126,446
Total	221,002	192,332
90 days or more past due \| Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Year one, current fiscal year	0
Year two, fiscal year before current fiscal year	3,374
Year three, two years before current fiscal year	14,613
Year four, three years before current fiscal year	5,840
Year five, four years before current fiscal year	4,799
Prior	6,562
Total	$ 35,188	$ 20,914

INVESTMENTS - Loan-To-Value (De

INVESTMENTS - Loan-To-Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 35,287,794	$ 35,650,926
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, current fiscal year	199,707	6,081,261
Year two, fiscal year before current fiscal year	6,164,880	6,845,839
Year three, two years before current fiscal year	6,927,008	809,254
Year four, three years before current fiscal year	777,073	1,529,897
Year five, four years before current fiscal year	1,520,668	1,260,593
Year six, five years before current fiscal year	1,202,679	717,304
Prior	2,212,024	1,586,632
Total	19,004,039	18,830,780
Carrying value loan-to-value 70% and less \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, current fiscal year	199,707	5,677,763
Year two, fiscal year before current fiscal year	5,761,331	4,971,346
Year three, two years before current fiscal year	5,047,465	650,825
Year four, three years before current fiscal year	621,066	1,211,523
Year five, four years before current fiscal year	1,230,676	1,061,566
Year six, five years before current fiscal year	1,003,438	699,144
Prior	2,193,968	1,586,632
Total	16,057,651	15,858,799
Carrying value loan-to-value 71% - 90% \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, current fiscal year	0	403,498
Year two, fiscal year before current fiscal year	403,549	1,758,748
Year three, two years before current fiscal year	1,758,632	123,343
Year four, three years before current fiscal year	120,906	215,050
Year five, four years before current fiscal year	186,670	18,885
Year six, five years before current fiscal year	18,978	0
Prior	0	0
Total	2,488,735	2,519,524
Carrying value loan-to-value over 90% \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one, current fiscal year	0	0
Year two, fiscal year before current fiscal year	0	115,745
Year three, two years before current fiscal year	120,911	35,086
Year four, three years before current fiscal year	35,101	103,324
Year five, four years before current fiscal year	103,322	180,142
Year six, five years before current fiscal year	180,263	18,160
Prior	18,056	0
Total	$ 457,653	$ 452,457

INVESTMENTS - Loan Modification

INVESTMENTS - Loan Modifications (Details) $ in Thousands	3 Months Ended
INVESTMENTS - Loan Modifications (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 98,187
Financial Asset, Not Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	89,019
30 to 59 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	5,213
60 to 89 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	2,971
90 days or more past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	984
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 66,813
Percentage of total carrying value outstanding	0.35%
Commercial \| Financial Asset, Not Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 66,813
Commercial \| 30 to 59 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Commercial \| 60 to 89 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Commercial \| 90 days or more past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 30,123
Percentage of total carrying value outstanding	0.28%
Residential \| Financial Asset, Not Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 21,016
Residential \| 30 to 59 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	5,213
Residential \| 60 to 89 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	2,910
Residential \| 90 days or more past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	984
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 1,251
Percentage of total carrying value outstanding	0.03%
Consumer loans \| Financial Asset, Not Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 1,190
Consumer loans \| 30 to 59 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Consumer loans \| 60 to 89 days past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	61
Consumer loans \| 90 days or more past due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Deferral of Amounts Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	1,976
Deferral of Amounts Due \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Deferral of Amounts Due \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	725
Deferral of Amounts Due \| Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	1,251
Interest Rate Relief
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	190
Interest Rate Relief \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Interest Rate Relief \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	190
Interest Rate Relief \| Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Maturity Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	28,686
Maturity Extension \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 0
Financing receivable, modification in period, maturity extension, weighted average term	1 year
Maturity Extension \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 28,686
Maturity Extension \| Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	0
Combination
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	67,335
Combination \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	66,813
Combination \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	522
Combination \| Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of loans to borrowers experiencing financial difficulty	$ 0
Extended Maturity And Interest Rate Reduction \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, modification in period, stated interest rate	5.50%

INVESTMENTS - Other Investments

INVESTMENTS - Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Other investments	$ 10,446,292	$ 11,374,656
Investments in real estate
Schedule of Investments [Line Items]
Other investments	4,805,747	4,641,429
Investments in renewable energy
Schedule of Investments [Line Items]
Other investments	2,298,428	3,427,062
Accumulated depreciation	239,000	229,700
Investments in transportation and other leased assets
Schedule of Investments [Line Items]
Other investments	2,868,789	2,821,602
Accumulated depreciation	259,700	230,200
Other investment partnerships
Schedule of Investments [Line Items]
Other investments	185,323	197,378
FHLB common stock and other investments
Schedule of Investments [Line Items]
Other investments	$ 288,005	$ 287,185

INVESTMENTS - Repurchase Agreem

INVESTMENTS - Repurchase Agreements (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Total	$ 328,286	$ 833,568
AFS corporate securities
Schedule of Investments [Line Items]
Total	326,681	833,568
Residential Mortgage Loans
Schedule of Investments [Line Items]
Total	1,605
Overnight
Schedule of Investments [Line Items]
Total	0	0
Overnight \| AFS corporate securities
Schedule of Investments [Line Items]
Total	0	0
Overnight \| Residential Mortgage Loans
Schedule of Investments [Line Items]
Total	0
Less than 30 Days
Schedule of Investments [Line Items]
Total	1,605	0
Less than 30 Days \| AFS corporate securities
Schedule of Investments [Line Items]
Total	0	0
Less than 30 Days \| Residential Mortgage Loans
Schedule of Investments [Line Items]
Total	1,605
30 - 90 Days
Schedule of Investments [Line Items]
Total	0	507,656
30 - 90 Days \| AFS corporate securities
Schedule of Investments [Line Items]
Total	0	507,656
30 - 90 Days \| Residential Mortgage Loans
Schedule of Investments [Line Items]
Total	0
Greater than 90 Days
Schedule of Investments [Line Items]
Total	326,681	325,912
Greater than 90 Days \| AFS corporate securities
Schedule of Investments [Line Items]
Total	326,681	$ 325,912
Greater than 90 Days \| Residential Mortgage Loans
Schedule of Investments [Line Items]
Total	$ 0

INVESTMENTS - FHLB (Details)

INVESTMENTS - FHLB (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Other investments	$ 10,446,292	$ 11,374,656
State And Governmental Authorities
Schedule of Investments [Line Items]
Other investments	149,000	142,700
Investment in FHLB
Schedule of Investments [Line Items]
Other investments	129,000	129,000
Collateral deposit	$ 3,700,000	$ 3,600,000

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
DERIVATIVES - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Restricted cash held with open derivative transactions with exchange brokers	$ 250.4	$ 278.7
Bond Forward
Derivative Instruments and Hedging Activities Disclosures [Line Items]
AOCI (loss) gain on cash flow hedges	$ (111.9)	$ (169.8)

DERIVATIVES - Derivative Assets

DERIVATIVES - Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	$ 71,403,596	$ 69,614,621
Derivative Assets
Fair value included within total assets and liabilities, derivative asset	1,496,991	1,400,625
Derivative Liabilities
Fair value included within total assets and liabilities, derivative liabilities	900,790	1,351,871
Asset Management
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	11,754,334	16,269,795
Derivative Assets
Gross amount recognized	591,224	676,235
Derivative Liabilities
Gross amount recognized	282,522	417,764
Asset Management \| Foreign currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	11,590,982	16,144,795
Derivative Assets
Gross amount recognized	573,820	668,716
Derivative Liabilities
Gross amount recognized	276,405	406,746
Asset Management \| Other Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	163,352	125,000
Derivative Assets
Gross amount recognized	17,404	7,519
Derivative Liabilities
Gross amount recognized	6,117	11,018
Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	59,649,262	53,344,826
Derivative Assets
Gross amount recognized	1,249,993	936,565
Impact of netting	(344,226)	(212,175)
Net amount after collateral	905,767	724,390
Derivative Liabilities
Gross amount recognized	962,494	1,146,282
Impact of netting	(344,226)	(212,175)
Derivative Liability, Subject to Master Netting Arrangement, before Offset of Collateral	618,268	934,107
Insurance \| Investments
Derivative Liabilities
Fair value of embedded derivatives, net	(18,000)	12,800
Insurance \| Income ceded to funds withheld payable at interest
Derivative Liabilities
Fair value of embedded derivatives, net	(281,700)	(1,300,000)
Insurance \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	10,172,225	9,020,061
Derivative Assets
Gross amount recognized	41,148	42,557
Derivative Liabilities
Gross amount recognized	631,537	739,534
Insurance \| Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	49,477,037	44,324,765
Derivative Assets
Gross amount recognized	1,208,845	894,008
Derivative Liabilities
Gross amount recognized	330,957	406,748
Insurance \| Funds withheld receivable at interest
Derivative Assets
Net amount after collateral		934,107
Insurance \| Foreign currency contracts \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	2,108,725	2,021,061
Derivative Assets
Gross amount recognized	34,604	42,557
Derivative Liabilities
Gross amount recognized	41,315	44,238
Insurance \| Foreign currency contracts \| Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	648,557	675,390
Derivative Assets
Gross amount recognized	83,374	84,883
Derivative Liabilities
Gross amount recognized	32,826	47,442
Insurance \| Interest rate contracts \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	8,063,500	6,999,000
Derivative Assets
Gross amount recognized	6,544	0
Derivative Liabilities
Gross amount recognized	590,222	695,296
Insurance \| Interest rate contracts \| Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	14,689,159	8,700,253
Derivative Assets
Gross amount recognized	225,297	182,734
Derivative Liabilities
Gross amount recognized	127,700	267,033
Insurance \| Equity market contracts \| Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	34,079,321	34,889,122
Derivative Assets
Gross amount recognized	900,174	626,391
Derivative Liabilities
Gross amount recognized	169,580	91,344
Insurance \| Credit risk contracts \| Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	60,000	60,000
Derivative Assets
Gross amount recognized	0	0
Derivative Liabilities
Gross amount recognized	$ 851	$ 929

DERIVATIVES - Offsetting Assets

DERIVATIVES - Offsetting Assets and Liabilities (Details) - Insurance - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative assets (excluding embedded derivatives)
Gross amount recognized	$ 1,249,993	$ 936,565
Gross amounts offset in the statement of financial position	(344,226)	(212,175)
Net amounts presented in the statements of financial condition	905,767	724,390
Collateral (received) / pledged	(644,591)	(466,371)
Net amount after collateral	261,176	258,019
Derivative liabilities (excluding embedded derivatives)
Gross amount recognized	962,494	1,146,282
Gross amounts offset in the statement of financial position	(344,226)	(212,175)
Net amounts presented in the statements of financial condition	618,268	934,107
Collateral (received) / pledged	371,856	366,508
Net amount after collateral	$ 246,412	567,599
Income assumed from funds withheld receivable at interest
Derivative assets (excluding embedded derivatives)
Net amounts presented in the statements of financial condition		$ 934,107

DERIVATIVES - Carrying Value of

DERIVATIVES - Carrying Value of Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value hedge adjustments on discontinued hedges	$ 46,300	$ 53,100
Long-Term Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of hedged liabilities	975,672	945,873
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities)	(167,868)	(201,603)
Policy Liabilities [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of hedged liabilities	6,155,007	5,670,884
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities)	(349,127)	(435,494)
Fixed maturity securities – interest and other income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of hedged assets	2,037,271	2,010,748
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged assets/(liabilities)	$ 29,624	$ (61,785)

DERIVATIVES - Gains (Losses) on

DERIVATIVES - Gains (Losses) on Foreign Exchange Forwards (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value	$ 71,403,596	$ 69,614,621

DERIVATIVES - Financial Stateme

DERIVATIVES - Financial Statement Classification (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (losses) gains on derivative instruments	$ (348,225)	$ 859,734
Derivatives not designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
AOCI (loss) gain on cash flow hedges	67,200	(29,746)
Derivatives not designated as hedge accounting instruments: \| Asset Management
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net (losses) gains on derivative instruments	(10,158)	(47,985)
Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(358,383)	811,749
Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(349,019)	851,177
Fair value hedges \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	(35,388)	40,742
AOCI impact of fair value hedges	9,280	18,318
Gains (losses) on hedged items	29,624	(35,932)
Amortization for gains (losses) excluded from assessment of effectiveness	6,826	3,544
Total gains (losses) on fair value hedges, net of hedged items	1,062	8,354
Fair value hedges \| Derivatives designated as hedge accounting instruments: \| Net policy benefits and claims
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	34,557	(121,374)
Gains (losses) on hedged items	(34,557)	121,374
Fair value hedges \| Derivatives designated as hedge accounting instruments: \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	20,104	(70,000)
Gains (losses) on hedged items	(20,104)	70,000
Cash flow hedges \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative loss on the settlement bond forward derivative hedge instrument	(268)	203
AOCI (loss) gain on cash flow hedges	57,920	(48,064)
Interest rate contracts \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	68,996	(150,176)
Interest rate contracts \| Fair value hedges \| Derivatives designated as hedge accounting instruments: \| Net policy benefits and claims
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	34,557	(121,374)
Gains (losses) on hedged items	(34,557)	121,374
Interest rate contracts \| Fair value hedges \| Derivatives designated as hedge accounting instruments: \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	20,104	(70,000)
Gains (losses) on hedged items	(20,104)	70,000
Interest rate contracts \| Cash flow hedges \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative loss on the settlement bond forward derivative hedge instrument	(268)	203
AOCI (loss) gain on cash flow hedges	57,920	(48,064)
Foreign Exchange Contracts and Options \| Fair value hedges \| Derivatives designated as hedge accounting instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) on derivatives designated as hedge instruments	(35,388)	40,742
AOCI impact of fair value hedges	9,280	18,318
Gains (losses) on hedged items	29,624	(35,932)
Amortization for gains (losses) excluded from assessment of effectiveness	6,826	3,544
Foreign currency contracts \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Asset Management
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative loss on the settlement bond forward derivative hedge instrument	(22,366)	(56,117)
Other Derivatives \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Asset Management
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cumulative loss on the settlement bond forward derivative hedge instrument	12,208	8,132
Embedded derivatives - funds withheld receivable \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(30,767)	(33,980)
Embedded derivatives - funds withheld payable \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(430,235)	1,180,435
Equity market contracts \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	83,887	(223,366)
Equity future contracts \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	(40,825)	79,796
Credit risk contracts \| Derivatives not designated as hedge accounting instruments: \| Net investment-related gains (losses) \| Insurance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative gains (losses)	$ (75)	$ (1,532)

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets, at fair value:
AFS fixed maturity securities	$ 67,828,743	$ 61,939,529
Other investments	10,446,292	11,374,656
Separate account assets	4,164,803	4,130,794
Liabilities, at fair value
Embedded derivative	2,800,000	2,200,000
Market risk benefit liability	764,407	682,038
Asset Management
Liabilities, at fair value
Net amounts presented in the statements of financial condition	6,117	11,018
Insurance
Assets, at fair value:
Reinsurance Recoverable	26,157,178	26,022,081
Impact of netting	(344,226)	(212,175)
Separate account assets	4,164,803	4,130,794
Liabilities, at fair value
Net amounts presented in the statements of financial condition	618,268	934,107
Funds withheld payable at interest	826,566	1,059,820
Impact of netting	(344,226)	(212,175)
Market risk benefit liability	764,407	682,038
U.S. government and agencies
Assets, at fair value:
AFS fixed maturity securities	378,526	366,741
U.S. state, municipal and political subdivisions
Assets, at fair value:
AFS fixed maturity securities	4,568,224	4,410,960
Corporate
Assets, at fair value:
AFS fixed maturity securities	40,234,191	36,316,932
Level III \| Asset Management
Liabilities, at fair value
Unfunded Revolver Commitments	112,534
Level III \| Insurance
Assets, at fair value:
Funds withheld receivable at interest	(17,982)
Reinsurance Recoverable	1,010,602
Liabilities, at fair value
Policy liabilities (including market risk benefits)	1,133,779
Closed block policy liabilities	1,046,458
Funds withheld payable at interest	(3,057,531)
Level III \| Insurance \| Interest sensitive life
Liabilities, at fair value
Embedded derivative	373,391
Level III \| Insurance \| Fixed-indexed annuity
Liabilities, at fair value
Embedded derivative	2,402,427
Level III \| Corporate \| Insurance
Assets, at fair value:
Trading fixed maturity securities	1,669,694
Level III \| Structured securities \| Insurance
Assets, at fair value:
Trading fixed maturity securities	92,067
Fair value measured on recurring basis
Assets, at fair value:
Total Assets at Fair Value	179,735,911	167,811,407
Liabilities, at fair value
Total Liabilities at Fair Value	26,817,293	24,702,463
Fair value measured on recurring basis \| Asset Management
Assets, at fair value:
Total Investments	86,696,819	81,617,597
Total Assets at Fair Value	87,288,043	82,293,832
Liabilities, at fair value
Securities Sold Short	100,861	158,751
Unfunded Revolver Commitments	112,534	137,315
Total Liabilities at Fair Value	24,300,501	22,987,072
Fair value measured on recurring basis \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	905,767	724,390
AFS fixed maturity securities	67,828,743	61,939,529
Trading fixed maturity securities	12,755,365	12,038,847
Equity securities	17,540	18,499
Mortgage and other loan receivables	773,917	787,515
Other investments	5,009,113	4,883,441
Funds withheld receivable at interest	(17,982)	12,785
Reinsurance Recoverable	1,010,602	981,775
Impact of netting	(344,226)	(212,175)
Separate account assets	4,164,803	4,130,794
Total Assets at Fair Value	92,447,868	85,517,575
Liabilities, at fair value
Net amounts presented in the statements of financial condition	618,268	934,107
Total Liabilities at Fair Value	2,516,792	1,715,391
Policy liabilities (including market risk benefits)	1,133,779	1,063,496
Closed block policy liabilities	1,046,458	1,016,313
Funds withheld payable at interest	(3,057,531)	(3,487,766)
Impact of netting	(344,226)	(212,175)
Fair value measured on recurring basis \| Insurance \| Interest sensitive life
Liabilities, at fair value
Embedded derivative	373,391	337,860
Fair value measured on recurring basis \| Insurance \| Fixed-indexed annuity
Liabilities, at fair value
Embedded derivative	2,402,427	1,851,381
Fair value measured on recurring basis \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	378,526	366,741
Trading fixed maturity securities	317,843	153,637
Fair value measured on recurring basis \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	4,568,224	4,410,960
Trading fixed maturity securities	622,337	705,836
Fair value measured on recurring basis \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	40,234,191	36,316,932
Trading fixed maturity securities	8,121,822	7,890,377
Fair value measured on recurring basis \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	22,647,802	20,844,896
Trading fixed maturity securities	3,693,363	3,288,997
Fair value measured on recurring basis \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	23,804,584	22,273,242
Fair value measured on recurring basis \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	573,820	668,716
Liabilities, at fair value
Net amounts presented in the statements of financial condition	276,405	406,746
Fair value measured on recurring basis \| Other Derivatives \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	17,404	7,519
Liabilities, at fair value
Net amounts presented in the statements of financial condition	6,117	11,018
Fair value measured on recurring basis \| Equity market contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	900,174	626,391
Liabilities, at fair value
Net amounts presented in the statements of financial condition	169,580	91,344
Fair value measured on recurring basis \| Interest rate contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	231,841	182,734
Liabilities, at fair value
Net amounts presented in the statements of financial condition	717,922	962,329
Fair value measured on recurring basis \| Foreign currency contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	117,978	127,440
Liabilities, at fair value
Net amounts presented in the statements of financial condition	74,141	91,680
Fair value measured on recurring basis \| Credit contracts \| Insurance
Liabilities, at fair value
Net amounts presented in the statements of financial condition	851	929
Fair value measured on recurring basis \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	27,454,205	26,607,688
Fair value measured on recurring basis \| Credit \| Asset Management
Assets, at fair value:
Total Investments	8,297,931	7,804,392
Fair value measured on recurring basis \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	24,013,221	22,492,366
Fair value measured on recurring basis \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	19,854,474	17,976,366
Fair value measured on recurring basis \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	2,995,295	2,943,387
Fair value measured on recurring basis \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	4,081,693	3,793,398
Fair value measured on recurring basis \| Level I
Assets, at fair value:
Total Assets at Fair Value	6,842,917	6,614,733
Liabilities, at fair value
Total Liabilities at Fair Value	105,134	164,057
Fair value measured on recurring basis \| Level I \| Asset Management
Assets, at fair value:
Total Investments	2,152,033	2,075,816
Total Assets at Fair Value	2,152,033	2,075,825
Liabilities, at fair value
Securities Sold Short	100,861	158,751
Unfunded Revolver Commitments	0	0
Total Liabilities at Fair Value	100,924	158,751
Fair value measured on recurring basis \| Level I \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	(21,169)	28,802
AFS fixed maturity securities	290,343	283,402
Trading fixed maturity securities	254,678	93,697
Equity securities	2,229	2,213
Mortgage and other loan receivables	0	0
Other investments	0	0
Funds withheld receivable at interest	0	0
Reinsurance Recoverable	0	0
Impact of netting	(60,383)	(7,079)
Separate account assets	4,164,803	4,130,794
Total Assets at Fair Value	4,690,884	4,538,908
Liabilities, at fair value
Net amounts presented in the statements of financial condition	4,210	5,306
Total Liabilities at Fair Value	4,210	5,306
Policy liabilities (including market risk benefits)	0	0
Closed block policy liabilities	0	0
Funds withheld payable at interest	0	0
Impact of netting	(60,383)	(7,079)
Fair value measured on recurring basis \| Level I \| Insurance \| Interest sensitive life
Liabilities, at fair value
Embedded derivative	0	0
Fair value measured on recurring basis \| Level I \| Insurance \| Fixed-indexed annuity
Liabilities, at fair value
Embedded derivative	0	0
Fair value measured on recurring basis \| Level I \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	290,343	283,402
Trading fixed maturity securities	254,678	93,697
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	0
Trading fixed maturity securities	0	0
Fair value measured on recurring basis \| Level I \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0	0
Trading fixed maturity securities	0	0
Fair value measured on recurring basis \| Level I \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0	0
Trading fixed maturity securities	0	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:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level I \| Other Derivatives \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	9
Liabilities, at fair value
Net amounts presented in the statements of financial condition	63	0
Fair value measured on recurring basis \| Level I \| Equity market contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	12,439	31,025
Liabilities, at fair value
Net amounts presented in the statements of financial condition	40,810	2,692
Fair value measured on recurring basis \| Level I \| Interest rate contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	26,775	4,856
Liabilities, at fair value
Net amounts presented in the statements of financial condition	23,783	9,693
Fair value measured on recurring basis \| Level I \| Foreign currency contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level I \| Credit contracts \| Insurance
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level I \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	1,199,178	1,057,025
Fair value measured on recurring basis \| Level I \| Credit \| Asset Management
Assets, at fair value:
Total Investments	287,728	187,504
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	408,987	435,315
Fair value measured on recurring basis \| Level I \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	256,140	395,972
Fair value measured on recurring basis \| Level II
Assets, at fair value:
Total Assets at Fair Value	98,363,320	90,372,059
Liabilities, at fair value
Total Liabilities at Fair Value	24,701,101	23,619,807
Fair value measured on recurring basis \| Level II \| Asset Management
Assets, at fair value:
Total Investments	28,164,716	26,444,900
Total Assets at Fair Value	28,755,940	27,121,126
Liabilities, at fair value
Securities Sold Short	0	0
Unfunded Revolver Commitments	0	0
Total Liabilities at Fair Value	24,087,043	22,691,006
Fair value measured on recurring basis \| Level II \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	926,936	695,588
AFS fixed maturity securities	57,473,192	51,926,029
Trading fixed maturity securities	11,207,252	10,629,316
Equity securities	0	0
Mortgage and other loan receivables	0	0
Other investments	0	0
Funds withheld receivable at interest	0	0
Reinsurance Recoverable	0	0
Impact of netting	(283,843)	(205,096)
Separate account assets	0	0
Total Assets at Fair Value	69,607,380	63,250,933
Liabilities, at fair value
Net amounts presented in the statements of financial condition	614,058	928,801
Total Liabilities at Fair Value	614,058	928,801
Policy liabilities (including market risk benefits)	0	0
Closed block policy liabilities	0	0
Funds withheld payable at interest	0	0
Impact of netting	(283,843)	(205,096)
Fair value measured on recurring basis \| Level II \| Insurance \| Interest sensitive life
Liabilities, at fair value
Embedded derivative	0	0
Fair value measured on recurring basis \| Level II \| Insurance \| Fixed-indexed annuity
Liabilities, at fair value
Embedded derivative	0	0
Fair value measured on recurring basis \| Level II \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	88,183	83,339
Trading fixed maturity securities	63,165	59,940
Fair value measured on recurring basis \| Level II \| U.S. state, municipal and political subdivisions \| Insurance
Assets, at fair value:
AFS fixed maturity securities	4,568,224	4,410,960
Trading fixed maturity securities	622,337	705,836
Fair value measured on recurring basis \| Level II \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	31,939,768	28,006,275
Trading fixed maturity securities	7,489,952	7,218,354
Fair value measured on recurring basis \| Level II \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	20,877,017	19,425,455
Trading fixed maturity securities	3,031,798	2,645,186
Fair value measured on recurring basis \| Level II \| Debt Obligations of Consolidated CFEs \| Asset Management
Liabilities, at fair value
Debt Obligations of Consolidated CFEs	23,804,584	22,273,242
Fair value measured on recurring basis \| Level II \| Foreign Exchange Contracts and Options \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	573,820	668,716
Liabilities, at fair value
Net amounts presented in the statements of financial condition	276,405	406,746
Fair value measured on recurring basis \| Level II \| Other Derivatives \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	17,404	7,510
Liabilities, at fair value
Net amounts presented in the statements of financial condition	6,054	11,018
Fair value measured on recurring basis \| Level II \| Equity market contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	887,735	595,366
Liabilities, at fair value
Net amounts presented in the statements of financial condition	128,770	88,652
Fair value measured on recurring basis \| Level II \| Interest rate contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	205,066	177,878
Liabilities, at fair value
Net amounts presented in the statements of financial condition	694,139	952,636
Fair value measured on recurring basis \| Level II \| Foreign currency contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	117,978	127,440
Liabilities, at fair value
Net amounts presented in the statements of financial condition	74,141	91,680
Fair value measured on recurring basis \| Level II \| Credit contracts \| Insurance
Liabilities, at fair value
Net amounts presented in the statements of financial condition	851	929
Fair value measured on recurring basis \| Level II \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	65,526	213,706
Fair value measured on recurring basis \| Level II \| Credit \| Asset Management
Assets, at fair value:
Total Investments	2,107,625	1,830,862
Fair value measured on recurring basis \| Level II \| Investments of Consolidated CFEs \| Asset Management
Assets, at fair value:
Total Investments	24,013,221	22,492,366
Fair value measured on recurring basis \| Level II \| Real Assets \| Asset Management
Assets, at fair value:
Total Investments	907,623	961,254
Fair value measured on recurring basis \| Level II \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	983,614	883,652
Fair value measured on recurring basis \| Level II \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	87,107	63,060
Fair value measured on recurring basis \| Level III
Assets, at fair value:
Total Assets at Fair Value	74,529,674	70,824,615
Liabilities, at fair value
Total Liabilities at Fair Value	2,011,058	918,599
Fair value measured on recurring basis \| Level III \| Asset Management
Assets, at fair value:
Total Investments	56,380,070	53,096,881
Total Assets at Fair Value	56,380,070	53,096,881
Liabilities, at fair value
Securities Sold Short	0	0
Unfunded Revolver Commitments	112,534	137,315
Total Liabilities at Fair Value	112,534	137,315
Fair value measured on recurring basis \| Level III \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
AFS fixed maturity securities	10,065,208	9,730,098
Trading fixed maturity securities	1,293,435	1,315,834
Equity securities	15,311	16,286
Mortgage and other loan receivables	773,917	787,515
Other investments	5,009,113	4,883,441
Funds withheld receivable at interest	(17,982)	12,785
Reinsurance Recoverable	1,010,602	981,775
Impact of netting	0	0
Separate account assets	0	0
Total Assets at Fair Value	18,149,604	17,727,734
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Total Liabilities at Fair Value	1,898,524	781,284
Policy liabilities (including market risk benefits)	1,133,779	1,063,496
Closed block policy liabilities	1,046,458	1,016,313
Funds withheld payable at interest	(3,057,531)	(3,487,766)
Impact of netting	0	0
Fair value measured on recurring basis \| Level III \| Insurance \| Interest sensitive life
Liabilities, at fair value
Embedded derivative	373,391	337,860
Fair value measured on recurring basis \| Level III \| Insurance \| Fixed-indexed annuity
Liabilities, at fair value
Embedded derivative	2,402,427	1,851,381
Fair value measured on recurring basis \| Level III \| U.S. government and agencies \| Insurance
Assets, at fair value:
AFS fixed maturity securities	0	0
Trading fixed maturity securities	0	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	0
Trading fixed maturity securities	0	0
Fair value measured on recurring basis \| Level III \| Corporate \| Insurance
Assets, at fair value:
AFS fixed maturity securities	8,294,423	8,310,657
Trading fixed maturity securities	631,870	672,023
Fair value measured on recurring basis \| Level III \| Structured securities \| Insurance
Assets, at fair value:
AFS fixed maturity securities	1,770,785	1,419,441
Trading fixed maturity securities	661,565	643,811
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:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Other Derivatives \| Asset Management
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Equity market contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Interest rate contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Foreign currency contracts \| Insurance
Assets, at fair value:
Net amounts presented in the statements of financial condition	0	0
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Credit contracts \| Insurance
Liabilities, at fair value
Net amounts presented in the statements of financial condition	0	0
Fair value measured on recurring basis \| Level III \| Private Equity \| Asset Management
Assets, at fair value:
Total Investments	26,189,501	25,336,957
Fair value measured on recurring basis \| Level III \| Credit \| Asset Management
Assets, at fair value:
Total Investments	5,902,578	5,786,026
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	18,946,851	17,015,112
Fair value measured on recurring basis \| Level III \| Equity Method - Other \| Asset Management
Assets, at fair value:
Total Investments	1,602,694	1,624,420
Fair value measured on recurring basis \| Level III \| Other Investments \| Asset Management
Assets, at fair value:
Total Investments	3,738,446	3,334,366
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	$ 139,100	$ 148,900

FAIR VALUE MEASUREMENTS - Chang

FAIR VALUE MEASUREMENTS - Changes in Level III Assets (Details) - Level III - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	$ 70,824,615	$ 58,050,471
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	194,293	441,645
Transfers Out	(56,255)	(191,372)
Net Purchases/Issuances/Sales/Settlements	3,908,599	4,337,511
Net Unrealized and Realized Gains (Losses)	(403,262)	767,691
Change in OCI	61,684	(89,239)
Balance, End of Period	74,529,674	63,316,707
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(427,823)	824,636
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	$ 52,148	$ (68,195)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Comprehensive Income (Loss)
Fair Value, Recurring Basis, Unobservable Input Reconciliation Asset, Gain (Loss) Statement Of Income Extensible List Not Disclosed		Net Unrealized and Realized Gains (Losses)
Fair Value Liabilities, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag		Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date
Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	$ 53,096,881	$ 44,793,124
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	17,628	0
Transfers Out	(46,134)	(138,220)
Net Purchases/Issuances/Sales/Settlements	3,743,848	1,270,800
Net Unrealized and Realized Gains (Losses)	(432,153)	802,192
Change in OCI	0	(1,369)
Balance, End of Period	56,380,070	46,726,527
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(443,448)	726,844
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	(1,369)
Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	17,727,734	13,257,347
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	176,665	441,645
Transfers Out	(10,121)	(53,152)
Net Purchases/Issuances/Sales/Settlements	164,751	3,066,711
Net Unrealized and Realized Gains (Losses)	28,891	(34,501)
Change in OCI	61,684	(87,870)
Balance, End of Period	18,149,604	16,590,180
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	15,625	97,792
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	52,148	(66,826)
AFS fixed maturity securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	9,730,098	8,479,061
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	170,775	343,338
Transfers Out	(3,374)	0
Net Purchases/Issuances/Sales/Settlements	88,899	620,339
Net Unrealized and Realized Gains (Losses)	17,126	(2,134)
Change in OCI	61,684	(87,870)
Balance, End of Period	10,065,208	9,352,734
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	52,148	(66,826)
AFS fixed maturity securities \| AFS corporate securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	8,310,657	7,650,660
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	(66,084)	391,605
Net Unrealized and Realized Gains (Losses)	21,265	1,275
Change in OCI	28,585	(73,345)
Balance, End of Period	8,294,423	7,970,195
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	19,326	(46,123)
AFS fixed maturity securities \| Structured securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,419,441	828,401
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	170,775	343,338
Transfers Out	(3,374)	0
Net Purchases/Issuances/Sales/Settlements	154,983	228,734
Net Unrealized and Realized Gains (Losses)	(4,139)	(3,409)
Change in OCI	33,099	(14,525)
Balance, End of Period	1,770,785	1,382,539
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	32,822	(20,703)
Trading Fixed Maturity Securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,315,834	983,799
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	5,890	98,307
Transfers Out	(6,747)	(53,152)
Net Purchases/Issuances/Sales/Settlements	(13,876)	326,635
Net Unrealized and Realized Gains (Losses)	(7,666)	(19,325)
Change in OCI	0	0
Balance, End of Period	1,293,435	1,336,264
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(5,781)	(21,528)
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
Trading Fixed Maturity Securities \| AFS corporate securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	672,023	565,025
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	(31,407)
Net Purchases/Issuances/Sales/Settlements	(27,893)	182,432
Net Unrealized and Realized Gains (Losses)	(12,260)	(10,365)
Change in OCI	0	0
Balance, End of Period	631,870	705,685
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(11,841)	(11,116)
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
Trading Fixed Maturity Securities \| Structured securities \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	643,811	418,774
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	5,890	98,307
Transfers Out	(6,747)	(21,745)
Net Purchases/Issuances/Sales/Settlements	14,017	144,203
Net Unrealized and Realized Gains (Losses)	4,594	(8,960)
Change in OCI	0	0
Balance, End of Period	661,565	630,579
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	6,060	(10,412)
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 securities at fair value \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	16,286	32,937
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	0	0
Net Unrealized and Realized Gains (Losses)	(975)	0
Change in OCI	0	0
Balance, End of Period	15,311	32,937
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(975)	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	0
Mortgage and other loan receivables \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	787,515	832,674
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	(10,560)	203,197
Net Unrealized and Realized Gains (Losses)	(3,038)	(27,965)
Change in OCI	0	0
Balance, End of Period	773,917	1,007,906
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(2,165)	(9,559)
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 \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	4,883,441	1,603,345
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	110,942	1,920,480
Net Unrealized and Realized Gains (Losses)	14,730	96,361
Change in OCI	0	0
Balance, End of Period	5,009,113	3,620,186
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	24,546	108,587
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
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	12,785	31,740
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	0	10,435
Net Unrealized and Realized Gains (Losses)	(30,767)	(33,979)
Change in OCI	0	0
Balance, End of Period	(17,982)	8,196
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	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	0
Reinsurance recoverable \| Insurance
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	981,775	1,293,791
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	(10,654)	(14,375)
Net Unrealized and Realized Gains (Losses)	39,481	(47,459)
Change in OCI	0	0
Balance, End of Period	1,010,602	1,231,957
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	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	0
Private Equity \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	25,336,957	23,322,634
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	(138,220)
Net Purchases/Issuances/Sales/Settlements	933,427	680,792
Net Unrealized and Realized Gains (Losses)	(80,883)	133,810
Change in OCI	0	0
Balance, End of Period	26,189,501	23,999,016
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(82,903)	18,304
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	5,786,026	5,826,661
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	17,628	0
Transfers Out	(23,758)	0
Net Purchases/Issuances/Sales/Settlements	76,332	(383,841)
Net Unrealized and Realized Gains (Losses)	46,350	(126,598)
Change in OCI	0	(1,369)
Balance, End of Period	5,902,578	5,314,853
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	44,069	(58,683)
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date	0	(1,369)
Real Assets \| Investments \| Asset Management
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	17,015,112	11,389,530
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	2,215,040	1,008,641
Net Unrealized and Realized Gains (Losses)	(283,301)	893,952
Change in OCI	0	0
Balance, End of Period	18,946,851	13,292,123
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(288,639)	864,586
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	1,624,420	1,013,807
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	5,644	40,182
Net Unrealized and Realized Gains (Losses)	(27,370)	(69,085)
Change in OCI	0	0
Balance, End of Period	1,602,694	984,904
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(23,357)	(71,310)
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	3,334,366	3,240,013
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	(22,376)	0
Net Purchases/Issuances/Sales/Settlements	511,252	(86,258)
Net Unrealized and Realized Gains (Losses)	(84,796)	(18,829)
Change in OCI	0	0
Balance, End of Period	3,738,446	3,134,926
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(92,618)	(14,995)
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	0	479
Transfers In / (Out) - Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Issuances/Sales/Settlements	2,153	11,284
Net Unrealized and Realized Gains (Losses)	(2,153)	(11,058)
Change in OCI	0	0
Balance, End of Period	0	705
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	(11,058)
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	$ 4,852,502	$ 6,790,941
Issuances	0	10,435
Sales	(406,759)	(1,919,108)
Settlements	(537,144)	(544,757)
Net Purchases/Issuances/Sales/Settlements	3,908,599	4,337,511
Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	4,289,163	3,149,378
Issuances	0	0
Sales	(393,947)	(1,860,716)
Settlements	(151,368)	(17,862)
Net Purchases/Issuances/Sales/Settlements	3,743,848	1,270,800
Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	563,339	3,641,563
Issuances	0	10,435
Sales	(12,812)	(58,392)
Settlements	(385,776)	(526,895)
Net Purchases/Issuances/Sales/Settlements	164,751	3,066,711
Investments \| Private Equity \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	955,937	904,261
Issuances	0	0
Sales	(22,510)	(223,469)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	933,427	680,792
Investments \| Credit \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	440,733	519,351
Issuances	0	0
Sales	(278,981)	(885,330)
Settlements	(85,420)	(17,862)
Net Purchases/Issuances/Sales/Settlements	76,332	(383,841)
Investments \| Real Assets \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	2,291,691	1,510,787
Issuances	0	0
Sales	(75,612)	(502,146)
Settlements	(1,039)	0
Net Purchases/Issuances/Sales/Settlements	2,215,040	1,008,641
Investments \| Equity Method - Other \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	6,472	41,819
Issuances	0	0
Sales	(828)	(1,637)
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	5,644	40,182
Investments \| Other Investments \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	592,177	161,876
Issuances	0	0
Sales	(16,016)	(248,134)
Settlements	(64,909)	0
Net Purchases/Issuances/Sales/Settlements	511,252	(86,258)
Investments \| Other Derivatives \| Asset Management
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	2,153	11,284
Issuances	0	0
Sales	0	0
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	2,153	11,284
AFS fixed maturity securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	412,201	1,156,588
Issuances	0	0
Sales	(588)	(58,392)
Settlements	(322,714)	(477,857)
Net Purchases/Issuances/Sales/Settlements	88,899	620,339
AFS fixed maturity securities \| AFS corporate securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	235,382	924,672
Issuances	0	0
Sales	(588)	(58,392)
Settlements	(300,878)	(474,675)
Net Purchases/Issuances/Sales/Settlements	(66,084)	391,605
AFS fixed maturity securities \| Structured securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	176,819	231,916
Issuances	0	0
Sales	0	0
Settlements	(21,836)	(3,182)
Net Purchases/Issuances/Sales/Settlements	154,983	228,734
Fixed maturity securities, trading, at fair value \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	32,367	344,270
Issuances	0	0
Sales	(1,694)	0
Settlements	(44,549)	(17,635)
Net Purchases/Issuances/Sales/Settlements	(13,876)	326,635
Fixed maturity securities, trading, at fair value \| AFS corporate securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	7,717	189,017
Issuances	0	0
Sales	(1,000)	0
Settlements	(34,610)	(6,585)
Net Purchases/Issuances/Sales/Settlements	(27,893)	182,432
Fixed maturity securities, trading, at fair value \| Structured securities \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	24,650	155,253
Issuances	0	0
Sales	(694)	0
Settlements	(9,939)	(11,050)
Net Purchases/Issuances/Sales/Settlements	14,017	144,203
Equity securities at fair value \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net Purchases/Issuances/Sales/Settlements	0	0
Mortgage and other loan receivables \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	377	220,225
Issuances	0	0
Sales	(3,078)	0
Settlements	(7,859)	(17,028)
Net Purchases/Issuances/Sales/Settlements	(10,560)	203,197
Other investments \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	118,394	1,920,480
Issuances	0	0
Sales	(7,452)	0
Settlements	0	0
Net Purchases/Issuances/Sales/Settlements	110,942	1,920,480
Income assumed from funds withheld receivable at interest \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases		0
Issuances		10,435
Sales		0
Settlements		0
Net Purchases/Issuances/Sales/Settlements	0	10,435
Reinsurance recoverable \| Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	0	0
Issuances	0	0
Sales	0	0
Settlements	(10,654)	(14,375)
Net Purchases/Issuances/Sales/Settlements	$ (10,654)	$ (14,375)

FAIR VALUE MEASUREMENTS - Cha_2

FAIR VALUE MEASUREMENTS - Changes in Level III Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Fair Value, Recurring Basis Unobservable Input Reconciliation, Liability, Gain (Loss), Statement Of Income, Extensible List, Not Disclosed Flag	Net Unrealized and Realized Gains (Losses)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Comprehensive Income (Loss)
Fair Value Liabilities, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag	Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date
Level III
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	$ 918,599	$ 5,749,549
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	339,807	73,671
Net Unrealized and Realized Gains (Losses)	805,918	(1,730,654)
Change in OCI	(53,266)	(168,740)
Balance, End of Period	2,011,058	3,923,826
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(24,781)	280
Level III \| Asset Management
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	137,315	64,276
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	0	0
Net Unrealized and Realized Gains (Losses)	(24,781)	280
Change in OCI	0	0
Balance, End of Period	112,534	64,556
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(24,781)	280
Level III \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	781,284	5,685,273
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	339,807	73,671
Net Unrealized and Realized Gains (Losses)	830,699	(1,730,934)
Change in OCI	(53,266)	(168,740)
Balance, End of Period	1,898,524	3,859,270
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Level III \| Unfunded Revolver Commitments \| Asset Management
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	137,315	64,276
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	0	0
Net Unrealized and Realized Gains (Losses)	(24,781)	280
Change in OCI	0	0
Balance, End of Period	112,534	64,556
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	(24,781)	280
Level III \| Policy liabilities \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,063,496	1,962,855
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	(865)	41,704
Net Unrealized and Realized Gains (Losses)	123,163	(248,431)
Change in OCI	(52,015)	(172,600)
Balance, End of Period	1,133,779	1,583,528
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Level III \| Closed block policy liabilities \| Insurance
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,016,313	1,350,224
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	(5,862)	(81,101)
Net Unrealized and Realized Gains (Losses)	37,258	(2,992)
Change in OCI	(1,251)	3,860
Balance, End of Period	1,046,458	1,269,991
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Level III \| 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	(3,487,766)	(49,491)
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	0	10,435
Net Unrealized and Realized Gains (Losses)	430,235	(1,180,435)
Change in OCI	0	0
Balance, End of Period	(3,057,531)	(1,219,491)
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Level III \| Embedded derivative \| Insurance \| Interest sensitive life
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	337,860	557,276
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	(2,948)	6,732
Net Unrealized and Realized Gains (Losses)	38,479	(51,993)
Change in OCI	0	0
Balance, End of Period	373,391	512,015
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	0	0
Level III \| Embedded derivative \| Insurance \| Fixed-indexed annuity
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation
Balance, Beg. of Period	1,851,381	1,864,409
Transfers In / (Out) Due to Changes in Consolidation	0	0
Transfers In	0	0
Transfers Out	0	0
Net Purchases/Sales/Settlements/Issuances	349,482	95,901
Net Unrealized and Realized Gains (Losses)	201,564	(247,083)
Change in OCI	0	0
Balance, End of Period	2,402,427	1,713,227
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Bre_2

FAIR VALUE MEASUREMENTS - Breakout of Liability Issuances and Settlements (Details) - Level III - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liabilities
Issuances	$ 368,853	$ 164,594
Sales	0	0
Settlements	(29,046)	(90,923)
Net Issuances/Settlements	339,807	73,671
Asset Management
Liabilities
Issuances	0	0
Sales	0	0
Settlements	0	0
Net Issuances/Settlements	0	0
Asset Management \| Unfunded Revolver Commitments
Liabilities
Issuances	0	0
Sales	0	0
Settlements	0	0
Net Issuances/Settlements	0	0
Insurance
Liabilities
Issuances	368,853	164,594
Sales	0	0
Settlements	(29,046)	(90,923)
Net Issuances/Settlements	339,807	73,671
Insurance \| Policy liabilities
Liabilities
Issuances	(45)	42,370
Sales	0	0
Settlements	(820)	(666)
Net Issuances/Settlements	(865)	41,704
Insurance \| Closed block policy liabilities
Liabilities
Issuances	0	0
Sales	0	0
Settlements	(5,862)	(81,101)
Net Issuances/Settlements	(5,862)	(81,101)
Insurance \| Income ceded to funds withheld payable at interest
Liabilities
Issuances		10,435
Sales		0
Settlements		0
Net Issuances/Settlements	0	10,435
Insurance \| Embedded derivative \| Interest sensitive life
Liabilities
Issuances	0	6,808
Sales	0	0
Settlements	(2,948)	(76)
Net Issuances/Settlements	(2,948)	6,732
Insurance \| Embedded derivative \| Fixed-indexed annuity
Liabilities
Issuances	368,898	104,981
Sales	0	0
Settlements	(19,416)	(9,080)
Net Issuances/Settlements	$ 349,482	$ 95,901

FAIR VALUE MEASUREMENTS - Valua

FAIR VALUE MEASUREMENTS - Valuation Methodologies and Significant Unobservable Inputs (Details)	3 Months Ended
	Mar. 31, 2023 USD ($) $ / Boe	Dec. 31, 2022 USD ($)
Level III Liabilities
Embedded derivative, fair value	$ 2,800,000,000	$ 2,200,000,000
Insurance
Level III Assets
Reinsurance recoverable, fair value	26,157,178,000	26,022,081,000
Level III Liabilities
Funds withheld payable at interest	$ 826,566,000	$ 1,059,820,000
Yield Analysis \| Asset Management \| Weighted Average \| Yield
Level III Liabilities
Unfunded revolving commitments, measurement input	0.161
Level III \| Asset Management
Level III Assets
Private equity, fair value	$ 26,189,501,000
Credit, fair value	5,902,578,000
Real assets, fair value	18,946,851,000
Equity method - other, fair value	1,602,694,000
Other investments, fair value	3,738,446,000
Level III Liabilities
Unfunded revolving commitments, fair value	112,534,000
Level III \| Insurance
Level III Assets
Other investments, fair value	4,805,747,000
Funds withheld receivables at interest	(17,982,000)
Reinsurance recoverable, fair value	1,010,602,000
Level III Liabilities
Policy liabilities, fair value	1,133,779,000
Closed block policy liabilities, fair value	1,046,458,000
Funds withheld payable at interest	(3,057,531,000)
Level III \| Insurance \| Interest sensitive life
Level III Liabilities
Embedded derivative, fair value	373,391,000
Level III \| Insurance \| Fixed-indexed annuity
Level III Liabilities
Embedded derivative, fair value	$ 2,402,427,000
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Market Comparables
Level III Assets
Equity method - other, measurement input	0.495
Other investments, measurement input	0.148
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Equity method - other, measurement input	0.327
Other investments, measurement input	0.467
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Transaction Price
Level III Assets
Equity method - other, measurement input	0.178
Other investments, measurement input	0.385
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Illiquidity Discount
Level III Assets
Equity method - other, measurement input	0.066
Other investments, measurement input	0.084
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Market Comparables
Level III Assets
Equity method - other, measurement input	0.100
Other investments, measurement input	0
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Equity method - other, measurement input	0
Other investments, measurement input	0
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Transaction Price
Level III Assets
Equity method - other, measurement input	0
Other investments, measurement input	0
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Illiquidity Discount
Level III Assets
Equity method - other, measurement input	0.050
Other investments, measurement input	0.050
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Market Comparables
Level III Assets
Equity method - other, measurement input	1
Other investments, measurement input	1
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Equity method - other, measurement input	0.500
Other investments, measurement input	1
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Transaction Price
Level III Assets
Equity method - other, measurement input	0.800
Other investments, measurement input	1
Level III \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Illiquidity Discount
Level III Assets
Equity method - other, measurement input	0.100
Other investments, measurement input	0.150
Level III \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Equity method - other, measurement input	14.2
Other investments, measurement input	10.9
Level III \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Equity method - other, measurement input	12.5
Other investments, measurement input	13.6
Level III \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Equity method - other, measurement input	10.9
Other investments, measurement input	6.5
Level III \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Equity method - other, measurement input	9.6
Other investments, measurement input	6.3
Level III \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Equity method - other, measurement input	20
Other investments, measurement input	23
Level III \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Equity method - other, measurement input	19.2
Other investments, measurement input	19.1
Level III \| Discounted cash flow \| Asset Management \| Weighted Average \| Weighted Average Cost of Capital
Level III Assets
Equity method - other, measurement input	0.105
Other investments, measurement input	0.112
Level III \| Discounted cash flow \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Equity method - other, measurement input	10.9
Other investments, measurement input	12.1
Level III \| Discounted cash flow \| Asset Management \| Minimum \| Weighted Average Cost of Capital
Level III Assets
Equity method - other, measurement input	0.073
Other investments, measurement input	0.081
Level III \| Discounted cash flow \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Equity method - other, measurement input	9.5
Other investments, measurement input	8.5
Level III \| Discounted cash flow \| Asset Management \| Maximum \| Weighted Average Cost of Capital
Level III Assets
Equity method - other, measurement input	0.165
Other investments, measurement input	0.442
Level III \| Discounted cash flow \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Equity method - other, measurement input	15
Other investments, measurement input	15
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Vacancy rate
Level III Assets
Other investments, measurement input	0.0295
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Duration/Weighted Average Life
Level III Assets
Funds withheld receivable at interest, measurement input, term	8 years 4 months 6 days
Level III Liabilities
Funds withheld payable at interest, measurement input, term	8 years 4 months 6 days
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Contractholder Persistency
Level III Assets
Funds withheld receivable at interest, measurement input	0.0680
Level III Liabilities
Funds withheld payable at interest, measurement input	0.0680
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Instrument-specific credit risk
Level III Assets
Funds withheld receivable at interest, measurement input	0.0163
Level III Liabilities
Funds withheld payable at interest, measurement input	0.0163
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Mortality Rate
Level III Assets
Reinsurance recoverable, measurement input	0.0546
Level III Liabilities
Closed block policy liabilities, measurement input	0.0546
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Surrender Rate
Level III Assets
Reinsurance recoverable, measurement input	0.0201
Level III Liabilities
Closed block policy liabilities, measurement input	0.0201
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Discount rate
Level III Assets
Other investments, measurement input	0.0759
Level III \| Discounted cash flow \| Insurance \| Weighted Average \| Terminal capitalization rate
Level III Assets
Other investments, measurement input	0.0594
Level III \| Discounted cash flow \| Insurance \| Minimum \| Vacancy rate
Level III Assets
Other investments, measurement input	0
Level III \| Discounted cash flow \| Insurance \| Minimum \| Duration/Weighted Average Life
Level III Assets
Funds withheld receivable at interest, measurement input, term	0 years
Level III Liabilities
Funds withheld payable at interest, measurement input, term	0 years
Level III \| Discounted cash flow \| Insurance \| Minimum \| Contractholder Persistency
Level III Assets
Funds withheld receivable at interest, measurement input	0.0360
Level III Liabilities
Funds withheld payable at interest, measurement input	0.0360
Level III \| Discounted cash flow \| Insurance \| Minimum \| Instrument-specific credit risk
Level III Assets
Funds withheld receivable at interest, measurement input	0.0092
Level III Liabilities
Funds withheld payable at interest, measurement input	0.0092
Level III \| Discounted cash flow \| Insurance \| Minimum \| Discount rate
Level III Assets
Other investments, measurement input	0.0575
Level III \| Discounted cash flow \| Insurance \| Minimum \| Terminal capitalization rate
Level III Assets
Other investments, measurement input	0.0450
Level III \| Discounted cash flow \| Insurance \| Maximum \| Vacancy rate
Level III Assets
Other investments, measurement input	0.0500
Level III \| Discounted cash flow \| Insurance \| Maximum \| Duration/Weighted Average Life
Level III Assets
Funds withheld receivable at interest, measurement input, term	19 years 8 months 12 days
Level III Liabilities
Funds withheld payable at interest, measurement input, term	16 years 10 months 6 days
Level III \| Discounted cash flow \| Insurance \| Maximum \| Contractholder Persistency
Level III Assets
Funds withheld receivable at interest, measurement input	0.1680
Level III Liabilities
Funds withheld payable at interest, measurement input	0.1680
Level III \| Discounted cash flow \| Insurance \| Maximum \| Instrument-specific credit risk
Level III Assets
Funds withheld receivable at interest, measurement input	0.0174
Level III Liabilities
Funds withheld payable at interest, measurement input	0.0174
Level III \| Discounted cash flow \| Insurance \| Maximum \| Discount rate
Level III Assets
Other investments, measurement input	0.0800
Level III \| Discounted cash flow \| Insurance \| Maximum \| Terminal capitalization rate
Level III Assets
Other investments, measurement input	0.0659
Level III \| Yield Analysis \| Asset Management \| Weighted Average \| Yield
Level III Assets
Credit, measurement input	0.117
Level III \| Yield Analysis \| Asset Management \| Weighted Average \| Net Leverage
Level III Assets
Credit, measurement input	6.1
Level III \| Yield Analysis \| Asset Management \| Weighted Average \| EBITDA Multiple
Level III Assets
Credit, measurement input	12.5
Level III \| Yield Analysis \| Asset Management \| Minimum \| Yield
Level III Assets
Credit, measurement input	0.050
Level III Liabilities
Unfunded revolving commitments, measurement input	0.092
Level III \| Yield Analysis \| Asset Management \| Minimum \| Net Leverage
Level III Assets
Credit, measurement input	0.2
Level III \| Yield Analysis \| Asset Management \| Minimum \| EBITDA Multiple
Level III Assets
Credit, measurement input	0.3
Level III \| Yield Analysis \| Asset Management \| Maximum \| Yield
Level III Assets
Credit, measurement input	0.208
Level III Liabilities
Unfunded revolving commitments, measurement input	0.613
Level III \| Yield Analysis \| Asset Management \| Maximum \| Net Leverage
Level III Assets
Credit, measurement input	16.9
Level III \| Yield Analysis \| Asset Management \| Maximum \| EBITDA Multiple
Level III Assets
Credit, measurement input	33
Level III \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Measurement Input, Annual Inflation Rate
Level III Assets
Reinsurance recoverable, measurement input	0.0250
Level III Liabilities
Closed block policy liabilities, measurement input	0.0250
Level III \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Weighted Average \| Expense assumption
Level III Assets
Reinsurance recoverable, measurement input, expense per policy (in dollars per share)	$ 17.2
Level III Liabilities
Closed block liabilities, measurement input, value	17.2
Level III \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Minimum \| Expense assumption
Level III Assets
Reinsurance recoverable, measurement input, expense per policy (in dollars per share)	8.23
Level III Liabilities
Closed block liabilities, measurement input, value	8.23
Level III \| Present value of expenses paid from the open block plus the cost of capital held in support of the liabilities. \| Insurance \| Maximum \| Expense assumption
Level III Assets
Reinsurance recoverable, measurement input, expense per policy (in dollars per share)	78
Level III Liabilities
Closed block liabilities, measurement input, value	$ 78
Level III \| 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 \| Weighted Average \| Expense risk margin
Level III Assets
Reinsurance recoverable, measurement input	0.0942
Level III Liabilities
Closed block policy liabilities, measurement input	0.0942
Level III \| 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 \| Weighted Average \| Cost of capital
Level III Assets
Reinsurance recoverable, measurement input	0.097
Level III Liabilities
Closed block policy liabilities, measurement input	0.097
Level III \| 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 \| Cost of capital
Level III Assets
Reinsurance recoverable, measurement input	0.0369
Level III Liabilities
Closed block policy liabilities, measurement input	0.0369
Level III \| 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 \| Cost of capital
Level III Assets
Reinsurance recoverable, measurement input	0.1385
Level III Liabilities
Closed block policy liabilities, measurement input	0.1385
Level III \| 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 \| Weighted Average \| Risk Margin Rate
Level III Liabilities
Policy liabilities, measurement input	0.0148
Level III \| 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 \| Risk Margin Rate
Level III Liabilities
Policy liabilities, measurement input	0.0092
Level III \| 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 \| Risk Margin Rate
Level III Liabilities
Policy liabilities, measurement input	0.0223
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Weighted Average \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0443
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Weighted Average \| Surrender Rate
Level III Liabilities
Policy liabilities, measurement input	0.0603
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Weighted Average \| Lapse Rate
Level III Liabilities
Policy liabilities, measurement input	0.0310
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Minimum \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0352
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Minimum \| Surrender Rate
Level III Liabilities
Policy liabilities, measurement input	0.0355
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Minimum \| Lapse Rate
Level III Liabilities
Policy liabilities, measurement input	0.0040
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Maximum \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0904
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Maximum \| Surrender Rate
Level III Liabilities
Policy liabilities, measurement input	0.0705
Level III \| Policyholder behavior is also a significant unobservable input, including lapse, surrender and mortality. \| Insurance \| Maximum \| Lapse Rate
Level III Liabilities
Policy liabilities, measurement input	0.4040
Level III \| Valuation Technique, Market Risk Benefit, Interest Rates, 10 Year \| Insurance \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0348
Level III \| Valuation Technique, Market Risk Benefit, Interest Rates, 30 Year \| Insurance \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0367
Level III \| Valuation Technique, Market Risk Benefit, Instrument-Specific Credit Risk, 10 Year \| Insurance \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0158
Level III \| Valuation Technique, Market Risk Benefit, Instrument-Specific Credit Risk, 30 Year \| Insurance \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0174
Level III \| Valuation Technique, Market Risk Benefit, Policyholder Behavior \| Insurance \| Weighted Average \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0210
Level III \| Valuation Technique, Market Risk Benefit, Policyholder Behavior \| Insurance \| Minimum \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.0060
Level III \| Valuation Technique, Market Risk Benefit, Policyholder Behavior \| Insurance \| Maximum \| Mortality Rate
Level III Liabilities
Policy liabilities, measurement input	0.2230
Level III \| Instrument-specific credit risk \| Insurance \| Weighted Average
Level III Liabilities
Closed block policy liabilities, measurement input	0.0163
Level III \| Instrument-specific credit risk \| Insurance \| Minimum
Level III Liabilities
Closed block policy liabilities, measurement input	0.0092
Level III \| Instrument-specific credit risk \| Insurance \| Maximum
Level III Liabilities
Closed block policy liabilities, measurement input	0.0174
Level III \| Policy persistency is a significant unobservable input. \| Insurance \| Weighted Average \| Interest sensitive life \| Mortality Rate
Level III Liabilities
Embedded derivative, measurement input	0.0076
Level III \| Policy persistency is a significant unobservable input. \| Insurance \| Weighted Average \| Interest sensitive life \| Lapse Rate
Level III Liabilities
Embedded derivative, measurement input	0.0335
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Interest sensitive life \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0163
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Interest sensitive life \| Option Budge Assumption
Level III Liabilities
Embedded derivative, measurement input	0.0367
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Variable annuities \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0163
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Institutional FIA \| Mortality Rate
Level III Liabilities
Embedded derivative, measurement input	0.0278
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Weighted Average \| Retail RIA \| Option Budge Assumption
Level III Liabilities
Embedded derivative, measurement input	0.0216
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Minimum \| Interest sensitive life \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0092
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Minimum \| Variable annuities \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0092
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Maximum \| Interest sensitive life \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0174
Level III \| Future costs for options used to hedge the contract obligations \| Insurance \| Maximum \| Variable annuities \| Instrument-specific credit risk
Level III Liabilities
Embedded derivative, measurement input	0.0174
Level III \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-indexed annuity \| Mortality Rate
Level III Liabilities
Embedded derivative, measurement input	0.0213
Level III \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-indexed annuity \| Surrender Rate
Level III Liabilities
Embedded derivative, measurement input	0.1123
Level III \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Fixed-indexed annuity \| Utilization
Level III Liabilities
Embedded derivative, measurement input	0.0341
Level III \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Institutional FIA \| Mortality Rate
Level III Liabilities
Embedded derivative, measurement input	0.0207
Level III \| Policyholder behavior is a significant unobservable input, including utilization and lapse. \| Insurance \| Weighted Average \| Institutional FIA \| Surrender Rate
Level III Liabilities
Embedded derivative, measurement input	0.1668
Level III \| Private Equity \| Asset Management
Level III Assets
Private equity, fair value	$ 23,621,124,000
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Market Comparables
Level III Assets
Private equity, measurement input	0.275
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Private equity, measurement input	0.650
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Transaction Price
Level III Assets
Private equity, measurement input	0.075
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Illiquidity Discount
Level III Assets
Private equity, measurement input	0.064
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Market Comparables
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Transaction Price
Level III Assets
Private equity, measurement input	0
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Illiquidity Discount
Level III Assets
Private equity, measurement input	0.050
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Market Comparables
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Transaction Price
Level III Assets
Private equity, measurement input	1
Level III \| Private Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Illiquidity Discount
Level III Assets
Private equity, measurement input	0.150
Level III \| Private Equity \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Private equity, measurement input	17.5
Level III \| Private Equity \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Private equity, measurement input	15.7
Level III \| Private Equity \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Private equity, measurement input	8.1
Level III \| Private Equity \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Private equity, measurement input	7.8
Level III \| Private Equity \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Private equity, measurement input	50.9
Level III \| Private Equity \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Private equity, measurement input	33.2
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Weighted Average \| Weighted Average Cost of Capital
Level III Assets
Private equity, measurement input	0.103
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Private equity, measurement input	14.4
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Minimum \| Weighted Average Cost of Capital
Level III Assets
Private equity, measurement input	0.067
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Private equity, measurement input	6
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Maximum \| Weighted Average Cost of Capital
Level III Assets
Private equity, measurement input	0.139
Level III \| Private Equity \| Discounted cash flow \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Private equity, measurement input	27.6
Level III \| Growth Equity \| Asset Management
Level III Assets
Growth equity, fair value disclosure	$ 2,568,377,000
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Market Comparables
Level III Assets
Growth equity, measurement input	0.343
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Growth equity, measurement input	0.009
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Illiquidity Discount
Level III Assets
Growth equity, measurement input	0.090
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Milestones
Level III Assets
Growth equity, measurement input	0.648
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Market Comparables
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Illiquidity Discount
Level III Assets
Growth equity, measurement input	0.050
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Milestones
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Market Comparables
Level III Assets
Growth equity, measurement input	1
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Growth equity, measurement input	0.400
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Illiquidity Discount
Level III Assets
Growth equity, measurement input	0.150
Level III \| Growth Equity \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Milestones
Level III Assets
Growth equity, measurement input	1
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Weighted Average \| Base
Level III Assets
Growth equity, measurement input	0.758
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Weighted Average \| Downside
Level III Assets
Growth equity, measurement input	0.062
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Weighted Average \| Upside
Level III Assets
Growth equity, measurement input	0.180
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Minimum \| Base
Level III Assets
Growth equity, measurement input	0.700
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Minimum \| Downside
Level III Assets
Growth equity, measurement input	0
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Minimum \| Upside
Level III Assets
Growth equity, measurement input	0.100
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Maximum \| Base
Level III Assets
Growth equity, measurement input	0.800
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Maximum \| Downside
Level III Assets
Growth equity, measurement input	0.150
Level III \| Growth Equity \| Scenario Weighting \| Asset Management \| Maximum \| Upside
Level III Assets
Growth equity, measurement input	0.250
Level III \| Energy \| Asset Management
Level III Assets
Real assets, fair value	$ 1,599,676,000
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0.418
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0.574
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0.008
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0.050
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0.500
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	1
Level III \| Energy \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0.900
Level III \| Energy \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	3.4
Level III \| Energy \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	6.1
Level III \| Energy \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	3.4
Level III \| Energy \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	4
Level III \| Energy \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	3.4
Level III \| Energy \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	7
Level III \| Energy \| Discounted cash flow \| Liquids
Level III Assets
Revenue ratio of liquids	86%
Level III \| Energy \| Discounted cash flow \| Natural Gas
Level III Assets
Revenue ratio of natural gas	14%
Level III \| Energy \| Discounted cash flow \| Asset Management \| Weighted Average \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.121
Level III \| Energy \| Discounted cash flow \| Asset Management \| Weighted Average \| Average Price Per BOE
Level III Assets
Real assets, measurement input, value \| $ / Boe	51.31
Level III \| Energy \| Discounted cash flow \| Asset Management \| Minimum \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.101
Level III \| Energy \| Discounted cash flow \| Asset Management \| Minimum \| Average Price Per BOE
Level III Assets
Real assets, measurement input, value \| $ / Boe	48.23
Level III \| Energy \| Discounted cash flow \| Asset Management \| Maximum \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.123
Level III \| Energy \| Discounted cash flow \| Asset Management \| Maximum \| Average Price Per BOE
Level III Assets
Real assets, measurement input, value \| $ / Boe	56.88
Level III \| Infrastructure \| Asset Management
Level III Assets
Real assets, fair value	$ 9,408,267,000
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0.011
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0.658
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0.331
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Illiquidity Discount
Level III Assets
Real assets, measurement input	0.056
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Minimum \| Illiquidity Discount
Level III Assets
Real assets, measurement input	0.050
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Market Comparables
Level III Assets
Real assets, measurement input	0.250
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	1
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	1
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Multiple
Level III Assets
Real assets, measurement input	10.7
Level III \| Infrastructure \| Inputs to market comparables, discounted cash flow and transaction price \| Asset Management \| Maximum \| Illiquidity Discount
Level III Assets
Real assets, measurement input	0.100
Level III \| Infrastructure \| Market comparables \| Asset Management \| Weighted Average \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	14.3
Level III \| Infrastructure \| Market comparables \| Asset Management \| Minimum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	10.5
Level III \| Infrastructure \| Market comparables \| Asset Management \| Maximum \| Enterprise Value/Forward EBITDA Multiple
Level III Assets
Real assets, measurement input	19.9
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Weighted Average \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.077
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Weighted Average \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Real assets, measurement input	16.9
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Minimum \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.051
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Minimum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Real assets, measurement input	10
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Maximum \| Weighted Average Cost of Capital
Level III Assets
Real assets, measurement input	0.090
Level III \| Infrastructure \| Discounted cash flow \| Asset Management \| Maximum \| Enterprise Value/LTM EBITDA Exit Multiple
Level III Assets
Real assets, measurement input	22
Level III \| Real Estate \| Asset Management
Level III Assets
Real assets, fair value	$ 7,938,908,000
Level III \| Real Estate \| Discounted cash flow \| Asset Management \| Weighted Average \| Unlevered Discount Rate
Level III Assets
Real assets, measurement input	0.068
Level III \| Real Estate \| Discounted cash flow \| Asset Management \| Minimum \| Unlevered Discount Rate
Level III Assets
Real assets, measurement input	0.026
Level III \| Real Estate \| Discounted cash flow \| Asset Management \| Maximum \| Unlevered Discount Rate
Level III Assets
Real assets, measurement input	0.180
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0.731
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0.033
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Weighted Average \| Weight Ascribed to Direct Income Capitalization
Level III Assets
Real assets, measurement input	0.236
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Minimum \| Weight Ascribed to Direct Income Capitalization
Level III Assets
Real assets, measurement input	0
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Discounted Cash Flow
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Transaction Price
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Inputs to direct income capitalization, discounted cash flow and transaction price \| Asset Management \| Maximum \| Weight Ascribed to Direct Income Capitalization
Level III Assets
Real assets, measurement input	1
Level III \| Real Estate \| Direct income capitalization \| Asset Management \| Weighted Average \| Current Capitalization Rate
Level III Assets
Real assets, measurement input	0.051
Level III \| Real Estate \| Direct income capitalization \| Asset Management \| Minimum \| Current Capitalization Rate
Level III Assets
Real assets, measurement input	0.023
Level III \| Real Estate \| Direct income capitalization \| Asset Management \| Maximum \| Current Capitalization Rate
Level III Assets
Real assets, measurement input	0.081
Level III \| AFS corporate securities \| Insurance
Level III Assets
Securities, fair value	$ 1,669,694,000
Level III \| AFS corporate securities \| Discounted cash flow \| Insurance \| Weighted Average \| Discount Spread
Level III Assets
Securities, measurement input	0.0319
Level III \| AFS corporate securities \| Discounted cash flow \| Insurance \| Minimum \| Discount Spread
Level III Assets
Securities, measurement input	0.0065
Level III \| AFS corporate securities \| Discounted cash flow \| Insurance \| Maximum \| Discount Spread
Level III Assets
Securities, measurement input	0.0530
Level III \| Structured securities \| Insurance
Level III Assets
Securities, fair value	$ 92,067,000
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Weighted Average \| Loss Severity
Level III Assets
Securities, measurement input	1
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Weighted Average \| Discount Spread
Level III Assets
Securities, measurement input	0.0363
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Weighted Average \| Constant Prepayment Rate
Level III Assets
Securities, measurement input	0.0702
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Weighted Average \| Constant Default Rate
Level III Assets
Securities, measurement input	0.0119
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Minimum \| Discount Spread
Level III Assets
Securities, measurement input	0.0308
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Minimum \| Constant Prepayment Rate
Level III Assets
Securities, measurement input	0.0500
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Minimum \| Constant Default Rate
Level III Assets
Securities, measurement input	0.0100
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Maximum \| Discount Spread
Level III Assets
Securities, measurement input	0.0682
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Maximum \| Constant Prepayment Rate
Level III Assets
Securities, measurement input	0.1500
Level III \| Structured securities \| Discounted cash flow \| Insurance \| Maximum \| Constant Default Rate
Level III Assets
Securities, measurement input	0.0250

FAIR VALUE MEASUREMENTS - Instr

FAIR VALUE MEASUREMENTS - Instruments Not Carried At Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financial liabilities:
Securities Sold Under Agreements to Repurchase	$ 328,286	$ 833,568
Insurance
Financial assets:
Cash and cash equivalents	3,713,382	6,118,231	$ 4,590,032	$ 3,391,934
Restricted cash and cash equivalents	277,398	308,383	$ 523,503	$ 300,404
Financial liabilities:
Funds withheld payable at interest	826,566	1,059,820
Securities Sold Under Agreements to Repurchase	313,797	805,316
Insurance \| Carrying Value
Financial assets:
Mortgage and other loan receivables	33,924,777	34,303,183
Policy loans	880,029	868,911
FHLB common stock and other investments	165,322	163,289
Funds withheld receivables at interest	2,792,712	2,855,251
Cash and cash equivalents	3,713,382	6,118,231
Restricted cash and cash equivalents	277,398	308,383
Total Assets at Fair Value	41,753,620	44,617,248
Financial liabilities:
Policy liabilities - policyholder account balances	48,966,089	48,403,949
Funds withheld payable at interest	26,053,226	26,227,183
Debt obligations	2,157,283	2,128,166
Securities Sold Under Agreements to Repurchase	313,797	805,316
Total financial liabilities	77,490,395	77,564,614
Insurance \| Fair Value
Financial assets:
Mortgage and other loan receivables	30,972,550	31,256,107
Policy loans	834,716	789,726
FHLB common stock and other investments	165,322	163,289
Funds withheld receivables at interest	2,792,712	2,855,251
Cash and cash equivalents	3,713,382	6,118,231
Restricted cash and cash equivalents	277,398	308,383
Total Assets at Fair Value	38,756,080	41,490,987
Financial liabilities:
Policy liabilities - policyholder account balances	46,620,933	45,711,562
Funds withheld payable at interest	26,053,226	26,227,183
Debt obligations	1,816,578	1,698,526
Securities Sold Under Agreements to Repurchase	313,797	805,316
Total financial liabilities	74,804,534	74,442,587
Level I \| Insurance \| Fair Value
Financial assets:
Mortgage and other loan receivables	0	0
Policy loans	0	0
FHLB common stock and other investments	0	0
Funds withheld receivables at interest	0	0
Cash and cash equivalents	3,713,382	6,118,231
Restricted cash and cash equivalents	277,398	308,383
Total Assets at Fair Value	3,990,780	6,426,614
Financial liabilities:
Policy liabilities - policyholder account balances	0	0
Funds withheld payable at interest	0	0
Debt obligations	0	0
Securities Sold Under Agreements to Repurchase	0	0
Total financial liabilities	0	0
Level II \| Insurance \| Fair Value
Financial assets:
Mortgage and other loan receivables	0	0
Policy loans	0	0
FHLB common stock and other investments	0	0
Funds withheld receivables at interest	2,792,712	2,855,251
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Total Assets at Fair Value	2,792,712	2,855,251
Financial liabilities:
Policy liabilities - policyholder account balances	39,352,603	38,328,025
Funds withheld payable at interest	26,053,226	26,227,183
Debt obligations	0	0
Securities Sold Under Agreements to Repurchase	313,797	805,316
Total financial liabilities	65,719,626	65,360,524
Level III \| Insurance
Financial assets:
Funds withheld receivables at interest	(17,982)
Financial liabilities:
Policy liabilities - policyholder account balances	1,133,779
Funds withheld payable at interest	(3,057,531)
Level III \| Insurance \| Fair Value
Financial assets:
Mortgage and other loan receivables	30,972,550	31,256,107
Policy loans	834,716	789,726
FHLB common stock and other investments	165,322	163,289
Funds withheld receivables at interest	0	0
Cash and cash equivalents	0	0
Restricted cash and cash equivalents	0	0
Total Assets at Fair Value	31,972,588	32,209,122
Financial liabilities:
Policy liabilities - policyholder account balances	7,268,330	7,383,537
Funds withheld payable at interest	0	0
Debt obligations	1,816,578	1,698,526
Securities Sold Under Agreements to Repurchase	0	0
Total financial liabilities	$ 9,084,908	$ 9,082,063

FAIR VALUE OPTION - Financial I

FAIR VALUE OPTION - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	$ 30,340,099	$ 28,952,185
Liabilities	25,229,764	23,684,193
Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	28,267,372	26,847,727
Liabilities	23,804,584	22,273,242
Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	2,072,727	2,104,458
Liabilities	1,425,180	1,410,951
Credit \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	977,190	1,121,775
Investments of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	24,013,221	22,492,366
Real Assets \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	194,451	202,153
Equity Method - Other \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	2,995,295	2,943,387
Other Investments \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	87,215	88,046
Other Investments \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	288,208	335,168
Mortgage and other loan receivables \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	773,917	787,515
Reinsurance recoverable \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets	1,010,602	981,775
Debt Obligations of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	23,804,584	22,273,242
Policy loans \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities	$ 1,425,180	$ 1,410,951

FAIR VALUE OPTION - Change in F

FAIR VALUE OPTION - Change in Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	$ 22,172	$ (44,506)
Fair value, option, liabilities, net realized gains (losses)	0	(785)
Fair value, option, assets, net unrealized gains (losses)	176,006	(313,128)
Fair value, option, liabilities, net unrealized gains (losses)	(375,894)	229,050
Fair value, option, assets, total gains (losses)	198,178	(357,634)
Fair value, option, liabilities, total gains (losses)	(375,894)	228,265
Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	22,172	(44,506)
Fair value, option, liabilities, net realized gains (losses)	0	(785)
Fair value, option, assets, net unrealized gains (losses)	229,342	(313,850)
Fair value, option, liabilities, net unrealized gains (losses)	(376,488)	226,058
Fair value, option, assets, total gains (losses)	251,514	(358,356)
Fair value, option, liabilities, total gains (losses)	(376,488)	225,273
Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0	0
Fair value, option, liabilities, net realized gains (losses)	0	0
Fair value, option, assets, net unrealized gains (losses)	(53,336)	722
Fair value, option, liabilities, net unrealized gains (losses)	594	2,992
Fair value, option, assets, total gains (losses)	(53,336)	722
Fair value, option, liabilities, total gains (losses)	594	2,992
Credit \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	(7,753)	(37,515)
Fair value, option, assets, net unrealized gains (losses)	(6,971)	(15,834)
Fair value, option, assets, total gains (losses)	(14,724)	(53,349)
Investments of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	(5,017)	2,949
Fair value, option, assets, net unrealized gains (losses)	317,881	(269,548)
Fair value, option, assets, total gains (losses)	312,864	(266,599)
Real Assets \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0	85
Fair value, option, assets, net unrealized gains (losses)	(8,303)	24,685
Fair value, option, assets, total gains (losses)	(8,303)	24,770
Equity Method - Other \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	33,306	(16,333)
Fair value, option, assets, net unrealized gains (losses)	(75,743)	(45,468)
Fair value, option, assets, total gains (losses)	(42,437)	(61,801)
Mortgage and other loan receivables \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0	0
Fair value, option, assets, net unrealized gains (losses)	(6,344)	(27,015)
Fair value, option, assets, total gains (losses)	(6,344)	(27,015)
Other Investments \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	1,636	6,308
Fair value, option, assets, net unrealized gains (losses)	2,478	(7,685)
Fair value, option, assets, total gains (losses)	4,114	(1,377)
Other Investments \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, assets, net realized gains (losses)	0	0
Fair value, option, assets, net unrealized gains (losses)	(46,992)	27,737
Fair value, option, assets, total gains (losses)	(46,992)	27,737
Debt Obligations of Consolidated CFEs \| Asset Management
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, liabilities, net realized gains (losses)	0	(785)
Fair value, option, liabilities, net unrealized gains (losses)	(376,488)	226,058
Fair value, option, liabilities, total gains (losses)	(376,488)	225,273
Policy loans \| Insurance
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value, option, liabilities, net realized gains (losses)	0	0
Fair value, option, liabilities, net unrealized gains (losses)	594	2,992
Fair value, option, liabilities, total gains (losses)	$ 594	$ 2,992

INSURANCE INTANGIBLES, UNEARN_3

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Reconciliation of Insurance Intangibles (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Feb. 01, 2021
Present Value of Future Insurance Profit [Line Items]
Deferred acquisition costs	$ 930,468	$ 820,970	$ 505,019	$ 397,581
Value of business acquired	1,293,927	1,316,529	$ 1,390,735	$ 1,417,968	$ 1,517,315
Insurance
Present Value of Future Insurance Profit [Line Items]
Deferred acquisition costs	930,468	820,970
Value of business acquired	1,293,927	1,316,529
Cost-of-reinsurance assets	167,215	193,995
Insurance Intangible Assets	$ 2,391,610	$ 2,331,494

INSURANCE INTANGIBLES, UNEARN_4

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of the beginning of the period	$ 820,970	$ 397,581
Capitalizations	140,678	121,415
Amortization expense	(31,180)	(13,977)
Balance, as of the end of the period	930,468	505,019
Fixed rate annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of the beginning of the period	221,679	107,104
Capitalizations	59,969	28,519
Amortization expense	(13,607)	(5,023)
Balance, as of the end of the period	268,041	130,600
Fixed indexed annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of the beginning of the period	367,813	179,449
Capitalizations	52,469	51,769
Amortization expense	(12,930)	(5,639)
Balance, as of the end of the period	407,352	225,579
Interest sensitive life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of the beginning of the period	116,021	54,298
Capitalizations	11,128	21,894
Amortization expense	(1,258)	(1,439)
Balance, as of the end of the period	125,891	74,753
Other
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, as of the beginning of the period	115,457	56,730
Capitalizations	17,112	19,233
Amortization expense	(3,385)	(1,876)
Balance, as of the end of the period	$ 129,184	$ 74,087

INSURANCE INTANGIBLES, UNEARN_5

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Value of Business Acquired Asset (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	$ 1,316,529	$ 1,417,968
Amortization expense	(22,602)	(27,233)
Balance, as of the end of the period	1,293,927	1,390,735
Fixed rate annuities
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	48,762	52,723
Amortization expense	(972)	(1,000)
Balance, as of the end of the period	47,790	51,723
Fixed indexed annuities
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	663,296	709,271
Amortization expense	(10,358)	(12,503)
Balance, as of the end of the period	652,938	696,768
Interest sensitive life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	276,795	292,323
Amortization expense	(3,048)	(3,948)
Balance, as of the end of the period	273,747	288,375
Variable annuities
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	241,778	269,172
Amortization expense	(6,370)	(7,018)
Balance, as of the end of the period	235,408	262,154
Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, as of the beginning of the period	85,898	94,479
Amortization expense	(1,854)	(2,764)
Balance, as of the end of the period	$ 84,044	$ 91,715

INSURANCE INTANGIBLES, UNEARN_6

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Value of Business Acquired Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	$ 1,004,124	$ 1,142,277
Amortization expense	(34,672)	(36,869)
Balance, as of the end of the period	969,452	1,105,408
Interest sensitive life
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	461,592	500,264
Amortization expense	(8,144)	(11,700)
Balance, as of the end of the period	453,448	488,564
Variable annuities
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	99,776	109,826
Amortization expense	(2,423)	(2,525)
Balance, as of the end of the period	97,353	107,301
Fixed indexed annuities
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	145,610	184,664
Amortization expense	(10,036)	(9,511)
Balance, as of the end of the period	135,574	175,153
Fixed rate annuities
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	98,342	136,227
Amortization expense	(8,720)	(9,826)
Balance, as of the end of the period	89,622	126,401
Other
Movement In Value Of Business Acquired Liability [Roll Forward]
Balance, as of the beginning of the period	198,804	211,296
Amortization expense	(5,349)	(3,307)
Balance, as of the end of the period	$ 193,455	$ 207,989

INSURANCE INTANGIBLES, UNEARN_7

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Estimated Future Amortization of VOBA (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Feb. 01, 2021
VOBA
Remainder of 2023	$ 66,010
2024	83,707
2025	78,737
2026	74,285
2027	70,024
2028	66,345
2029 and thereafter	854,819
Total	1,293,927	$ 1,316,529	$ 1,390,735	$ 1,417,968	$ 1,517,315
Negative VOBA
Remainder of 2023	(91,650)
2024	(101,747)
2025	(83,867)
2026	(69,700)
2027	(59,753)
2028	(51,968)
2029 and thereafter	(510,767)
Total	(969,452)
Total, net
Remainder of 2023	(25,640)
2024	(18,040)
2025	(5,130)
2026	4,585
2027	10,271
2028	14,377
2029 and thereafter	344,052
Total	$ 324,475

INSURANCE INTANGIBLES, UNEARN_8

INSURANCE INTANGIBLES, UNEARNED REVENUE RESERVES AND UNEARNED FRONT-END LOADS - Unearned Revenue Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance, as of the beginning of the period	$ 253,700
Balance, as of the end of the period	322,800
Certain Universal Life Insurance Products And Preneed Contracts
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance, as of the beginning of the period	118,186	$ 55,510
Deferral	17,791	16,686
Amortized to revenue during the period	(2,517)	(1,280)
Balance, as of the end of the period	$ 133,460	$ 70,916

REINSURANCE - Effects of Reinsu

REINSURANCE - Effects of Reinsurance Agreements (Details) - Insurance - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Policy liabilities:
Direct	$ 73,565,098	$ 71,833,991
Assumed	67,564,876	65,946,938
Total policy liabilities	141,129,974	137,780,929
Ceded	(25,900,544)	(25,755,283)
Net policy liabilities	$ 115,229,430	$ 112,025,646

REINSURANCE - Credit Quality In

REINSURANCE - Credit Quality Indicator (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	$ 28,930,595	$ 30,833,596
Credit enhancements	22,995,695	22,739,417
Credit loss allowance	8,800	41,200
Affiliated Entity
Ceded Credit Risk [Line Items]
Net reinsurance credit exposure	5,935,121	8,094,400
A++
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	82,004	62,674
Credit enhancements	0	0
Net reinsurance credit exposure	82,004	62,674
A+
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	1,902,082	1,849,918
Credit enhancements	0	0
Net reinsurance credit exposure	1,902,082	1,849,918
A
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	2,417,311	2,491,461
Credit enhancements	0	0
Net reinsurance credit exposure	2,417,311	2,491,461
A-
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	4,727,882	5,397,767
Credit enhancements	4,095,671	4,197,739
Net reinsurance credit exposure	632,211	1,200,028
B++
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	29,788	37,939
Credit enhancements	0	0
Net reinsurance credit exposure	29,788	37,939
B+
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	0	0
Credit enhancements	0	0
Net reinsurance credit exposure	0	0
B
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	0	0
Credit enhancements	0	0
Net reinsurance credit exposure	0	0
B-
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	(221)	(221)
Credit enhancements	0	0
Net reinsurance credit exposure	0	0
Not rated or private rating
Ceded Credit Risk [Line Items]
Reinsurance recoverable and funds withheld receivable at interest	19,771,749	20,994,058
Credit enhancements	18,900,024	18,541,678
Net reinsurance credit exposure	871,725	2,452,380
Not rated or private rating \| Affiliated Entity
Ceded Credit Risk [Line Items]
Net reinsurance credit exposure	$ 19,800,000	$ 21,000,000

REINSURANCE - Additional Inform

REINSURANCE - Additional Information (Details) $ in Millions	Mar. 31, 2023 USD ($) counterparty	Dec. 31, 2022 USD ($) counterparty
Effects of Reinsurance [Line Items]
Funds withheld receivable at interest	$ 2,800	$ 2,900
Number of counterparties \| counterparty	6	6
Collateral held on behalf of reinsurers	$ 25,900	$ 26,100
Collateral held on our behalf by reinsurers	1,300	1,300
Reinsurer collateral, minimum amount held by trusts	67,200	65,800
Reinsurer collateral, reserves supported by trust assets	64,000	62,400
Cash Held In Trust
Effects of Reinsurance [Line Items]
Restricted cash	$ 43.5	$ 31.3

REINSURANCE - Effects of Rein_2

REINSURANCE - Effects of Reinsurance on Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net premiums:
Direct	$ 32,653	$ 36,573
Assumed	618,730	401,515
Ceded	(177,759)	(65,944)
Net Premiums	473,624	372,144
Policy fees:
Direct	227,857	236,337
Assumed	104,589	77,778
Ceded	(18,644)	(333)
Net policy fees	313,802	313,782
Net policy benefits and claims:
Direct	948,119	4,462
Assumed	1,016,936	600,219
Ceded	(438,001)	(91,503)
Net policy benefits and claims	$ 1,527,054	$ 513,178

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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Basic	$ 322,744	$ (9,786)
Net Income (Loss) Available to KKR & Co. Inc. Common Stockholders - Diluted	322,744	(9,786)
Series C Mandatory Convertible Preferred Stock Dividends
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK
Accumulated Series C Mandatory Convertible Preferred Dividend (if dilutive)	$ 0	$ 0
Incremental Common Shares:
Assumed conversion of Series C Mandatory Convertible Preferred Stock (in shares)	0	0
Assumed conversion of Series C Mandatory Convertible Preferred Stock (in shares)	0	0
Common Stock
Basic Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic (in shares)	861,108,510	592,202,835
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Basic (in dollars per share)	$ 0.37	$ (0.02)
Diluted Net Income (Loss) Per Share of Common Stock
Weighted Average Shares of Common Stock Outstanding - Basic (in shares)	861,108,510	592,202,835
Incremental Common Shares:
Assumed vesting of dilutive equity awards (in shares)	26,060,826	0
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares)	887,169,336	592,202,835
Net Income (Loss) Attributable to KKR & Co. Inc. Per Share of Common Stock - Diluted (in dollars per share)	$ 0.36	$ (0.02)

NET INCOME (LOSS) ATTRIBUTABL_4

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock excluded from earnings per share calculation (in shares)	2,695,142	260,102,818
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)	22,500,000	17,000,000

NET INCOME (LOSS) ATTRIBUTABL_5

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. INC. PER SHARE OF COMMON STOCK - Antidilutive Securities (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average KKR Holding Units (in shares)	2,695,142	260,102,818
KKR Holdings Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average KKR Holding Units (in shares)	0	258,726,163
Restricted Holding Units (RHUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average KKR Holding Units (in shares)	2,695,142	1,376,655

OTHER ASSETS AND ACCRUED EXPE_3

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES - Other Assets (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Oct. 31, 2021	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Apr. 28, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Market risk benefit asset		$ 9,350		$ 13,180
Total Other Assets		10,969,297		11,238,955
Immaterial acquisition
Segment Reporting, Asset Reconciling Item [Line Items]
GA Rollover Investors	$ 4,600
KJR Management
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill					$ 509,000
KJR Management \| Goodwill
Segment Reporting, Asset Reconciling Item [Line Items]
Cumulative foreign currency translation adjustments included in AOCI		(4,800)
KJR Management \| Finite-Lived Intangible Assets
Segment Reporting, Asset Reconciling Item [Line Items]
Cumulative foreign currency translation adjustments included in AOCI		(16,300)
Asset Management
Segment Reporting, Asset Reconciling Item [Line Items]
Unsettled Investment Sales		138,125		90,072
Receivables		32,577		26,119
Due from Broker		108,428		160,533
Deferred Tax Assets, net		55,154		54,769
Interest Receivable		244,421		223,660
Fixed Assets, net		859,193		857,903
Foreign Exchange Contracts and Options		573,820		668,716
Goodwill		587,698		594,270
Intangible Assets		1,725,741		1,747,891
Derivative Assets		17,404		7,519
Prepaid Taxes		62,030		68,107
Prepaid Expenses		$ 53,156		$ 48,233
Operating lease, right-of-use asset, statement of financial position		Total Other Assets		Total Other Assets
Operating Lease Right of Use Assets		$ 348,026		$ 344,022
Deferred Financing Costs		23,559		16,382
Other		218,998		289,430
Total Other Assets		5,048,330		5,197,626
Accumulated depreciation and amortization of fixed assets		204,600		188,800
Depreciation and amortization expense of fixed assets		15,800	$ 12,700
Operating lease cost		15,700	12,200
Insurance
Segment Reporting, Asset Reconciling Item [Line Items]
Unsettled Investment Sales		622,623		663,280
Deferred Tax Assets, net		2,069,675		2,272,153
Goodwill		501,496		501,496
Derivative Assets		905,767		724,390
Prepaid Taxes		22,675		22,851
Market risk benefit asset		9,350		13,180
Accrued Investment Income		1,051,997		1,130,103
Intangible Assets and Deferred Sales Inducements		$ 271,765		$ 276,176
Operating lease, right-of-use asset, statement of financial position		Total Other Assets		Total Other Assets
Operating Lease Right of Use Assets		$ 179,421		$ 175,035
Deferred Financing Costs		17,356		17,623
Other		145,652		121,114
Premiums and Other Account Receivables		140,546		141,551
Total Other Assets		5,920,967		6,041,329
Operating lease cost		6,800	5,900
Deferred rent and lease incentives		$ 22,800		$ 21,800
Definite lived intangible assets, useful life		15 years
Amortization Expense		$ 4,400	$ 4,400
Insurance \| Immaterial acquisition
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	$ 4,500

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	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Securities Sold Under Agreements to Repurchase	$ 328,286	$ 833,568
Total Accrued Expenses and Other Liabilities	$ 11,257,846	$ 11,072,150
Operating lease, weighted average remaining lease term	25 years 10 months 24 days	26 years 10 months 24 days
Asset Management
Lessee, Lease, Description [Line Items]
Amounts Payable to Carry Pool	$ 1,957,104	$ 1,872,568
Unsettled Investment Purchases	605,769	416,822
Securities Sold Short	100,861	158,752
Derivative Liabilities	6,117	11,018
Accrued Compensation and Benefits	277,194	265,712
Interest Payable	397,899	363,849
Foreign Exchange Contracts and Options	276,405	406,746
Accounts Payable and Accrued Expenses	193,222	216,688
Taxes Payable	278,678	136,245
Uncertain Tax Positions	38,988	56,032
Unfunded Revolver Commitments	$ 112,534	$ 137,315
Operating lease, liability, statement of financial position	Total Accrued Expenses and Other Liabilities	Total Accrued Expenses and Other Liabilities
Operating Lease Liabilities	$ 353,156	$ 347,901
Deferred tax liabilities, net	1,693,513	1,667,740
Other Liabilities	1,501,307	414,387
Total Accrued Expenses and Other Liabilities	$ 7,792,747	$ 6,471,775
Operating lease, weighted average remaining lease term	10 years 2 months 12 days	10 years 4 months 24 days
Operating lease, weighted average discount rate	2.60%	2.50%
Insurance
Lessee, Lease, Description [Line Items]
Unsettled Investment Purchases	$ 476,863	$ 208,941
Derivative Liabilities	618,268	934,107
Interest Payable	$ 32,321	$ 13,329
Operating lease, liability, statement of financial position	Total Accrued Expenses and Other Liabilities	Total Accrued Expenses and Other Liabilities
Operating Lease Liabilities	$ 200,694	$ 195,001
Collateral on Derivative Instruments	644,591	466,371
Accrued Expenses	644,556	600,633
Insurance Operations Balances in Course of Settlement	129,404	949,383
Securities Sold Under Agreements to Repurchase	313,797	805,316
Accrued Employee Related Expenses	312,856	322,698
Tax Payable to Former Parent Company	60,498	67,086
Accounts and Commissions Payable	20,558	25,261
Other Tax Related Liabilities	10,693	12,249
Total Accrued Expenses and Other Liabilities	$ 3,465,099	$ 4,600,375
Operating lease, weighted average remaining lease term	7 years 7 months 6 days	7 years
Operating lease, weighted average discount rate	4.10%	3.60%
Operating lease, optional extension period	10 years
Minimum \| Asset Management
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	1 year
Operating lease, maximum extension term	5 years
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	16 years
Operating lease, maximum extension term	10 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	Mar. 31, 2023 USD ($)
KKR
Variable Interest Entity [Line Items]
Commitment to unconsolidated investment funds	$ 3,400
Global Atlantic
Variable Interest Entity [Line Items]
Unfunded commitments	$ 24.3

VARIABLE INTEREST ENTITIES - Ma

VARIABLE INTEREST ENTITIES - Maximum Exposure to Loss (Details) - Investments in Unconsolidated CLO Vehicles - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total Maximum Exposure to Loss	$ 9,015,158	$ 8,545,005
Asset Management
Variable Interest Entity [Line Items]
Investments	7,204,647	6,862,712
Due from (to) Affiliates, net	1,530,529	1,356,308
Total Maximum Exposure to Loss	8,735,176	8,219,020
Insurance
Variable Interest Entity [Line Items]
Investments	251,049	295,808
Investment in Renewable Partnerships - Insurance	28,933	30,177
Total Maximum Exposure to Loss	$ 279,982	$ 325,985

DEBT OBLIGATIONS - KKR's Borrow

DEBT OBLIGATIONS - KKR's Borrowings (Details)	3 Months Ended	12 Months Ended
DEBT OBLIGATIONS - KKR's Borrowings (Details)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2023 JPY (¥)	Mar. 31, 2023 EUR (€)	Mar. 23, 2018 JPY (¥)
Asset Management
Debt Instrument [Line Items]
Financing Available	$ 9,187,458,000	$ 7,811,025,000
Borrowing Outstanding	42,519,776,000	40,598,613,000
Fair Value	41,116,640,000	39,057,808,000
Other Debt Obligations \| Asset Management
Debt Instrument [Line Items]
Financing Available	6,210,155,000	4,837,893,000
Borrowing Outstanding	34,933,257,000	32,834,121,000
Fair Value	34,764,981,000	32,649,546,000
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount \| ¥					¥ 40,300,000,000
Senior Notes \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	7,586,519,000	7,764,492,000
Fair Value	6,351,659,000	6,408,262,000
Senior Notes \| KKR Issued 0.509% Notes Due 2023
Debt Instrument [Line Items]
Aggregate principal amount \| ¥					¥ 25,000,000,000
Interest rate, stated percentage					0.509%
Senior Notes \| KKR Issued 0.509% Notes Due 2023 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	0	189,432,000
Fair Value	0	189,447,000
Aggregate principal amount	$ 188,500,000		¥ 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]
Aggregate principal amount \| ¥					¥ 5,000,000,000
Interest rate, stated percentage					0.764%
Senior Notes \| KKR Issued 0.764% Notes Due 2025 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 37,475,000	37,646,000
Fair Value	37,623,000	37,625,000
Aggregate principal amount	$ 37,700,000		¥ 5,000,000,000
Interest rate, stated percentage	0.764%		0.764%	0.764%
Senior Notes \| Senior Notes 1.054 Percent Due 2027 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 273,246,000	274,628,000
Fair Value	272,812,000	271,081,000
Aggregate principal amount	$ 274,500,000		¥ 36,400,000,000
Interest rate, stated percentage	1.054%		1.054%	1.054%
Senior Notes \| KKR Issued 1.625% Notes Due 2029 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 701,176,000	687,928,000
Fair Value	564,264,000	565,003,000
Aggregate principal amount	$ 706,900,000			€ 650,000,000
Interest rate, stated percentage	1.625%		1.625%	1.625%
Senior Notes \| KKR Issued 3.750% Notes Due 2029 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 744,444,000	744,222,000
Fair Value	697,380,000	675,413,000
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.75%		3.75%	3.75%
Senior Notes \| KKR Issued 1.244% Notes Due 2029 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 36,480,000	36,657,000
Fair Value	36,517,000	36,020,000
Aggregate principal amount	$ 36,900,000		¥ 4,900,000,000
Interest rate, stated percentage	1.244%		1.244%	1.244%
Senior Notes \| KKR Issued 4.850% Notes Due 2032 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 741,877,000	741,655,000
Fair Value	722,010,000	701,610,000
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	4.85%		4.85%	4.85%
Senior Notes \| KKR Issued 1.437% Notes Due 2032 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 46,199,000	46,431,000
Fair Value	45,789,000	44,800,000
Aggregate principal amount	$ 46,700,000		¥ 6,200,000,000
Interest rate, stated percentage	1.437%		1.437%	1.437%
Senior Notes \| KKR Issued 1.553% Notes Due 2034 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 55,919,000	56,204,000
Fair Value	54,887,000	53,477,000
Aggregate principal amount	$ 56,600,000		¥ 7,500,000,000
Interest rate, stated percentage	1.553%		1.553%	1.553%
Senior Notes \| KKR Issued 1.795% Notes Due 2037 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 40,887,000	41,097,000
Fair Value	39,932,000	38,550,000
Aggregate principal amount	$ 41,500,000		¥ 5,500,000,000
Interest rate, stated percentage	1.795%		1.795%	1.795%
Senior Notes \| KKR Issued 1.595% Notes Due 2038
Debt Instrument [Line Items]
Aggregate principal amount \| ¥					¥ 10,300,000,000
Interest rate, stated percentage					1.595%
Senior Notes \| KKR Issued 1.595% Notes Due 2038 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 76,737,000	77,134,000
Fair Value	72,191,000	69,565,000
Aggregate principal amount	$ 77,700,000		¥ 10,300,000,000
Interest rate, stated percentage	1.595%		1.595%	1.595%
Senior Notes \| KKR Issued 5.500% Notes Due 2043 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 490,504,000	490,494,000
Fair Value	472,657,000	455,287,000
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 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 964,471,000	964,726,000
Fair Value	849,028,000	845,944,000
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 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 492,819,000	492,753,000
Fair Value	343,530,000	343,490,000
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 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 736,572,000	736,451,000
Fair Value	504,716,000	503,862,000
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 \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 739,920,000	739,832,000
Fair Value	474,023,000	475,920,000
Aggregate principal amount	$ 750,000,000
Interest rate, stated percentage	3.25%		3.25%	3.25%
Senior Notes \| 4.625% Subordinated Notes due 2061 of KKR Group Finance Co. IX LLC \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 486,488,000	486,399,000
Fair Value	370,600,000	340,400,000
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 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 495,632,000	495,511,000
Fair Value	437,614,000	417,551,000
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 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 118,804,000	118,773,000
Fair Value	101,535,000	96,502,000
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 \| KFN \| Asset Management
Debt Instrument [Line Items]
Borrowing Outstanding	$ 69,071,000	69,048,000
Fair Value	60,010,000	57,042,000
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	$ 237,798,000	237,471,000
Fair Value	194,541,000	$ 189,673,000
Aggregate principal amount	$ 258,500,000
Weighted average interest rate (percentage)	7.30%	6.90%	7.30%	7.30%
Weighted average remaining maturity (in years)	13 years 6 months	13 years 9 months 18 days
Revolving Credit Facility \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 2,977,303,000	$ 2,973,132,000
Revolving Credit Facility \| Corporate Credit Agreement \| Asset Management
Debt Instrument [Line Items]
Financing Available	1,500,000,000	1,500,000,000
Borrowing Outstanding	0	0
Fair Value	0	0
Revolving Credit Facility \| KCM Credit Agreement \| Asset Management
Debt Instrument [Line Items]
Financing Available	727,303,000	723,132,000
Borrowing Outstanding	0	0
Fair Value	0	0
Revolving Credit Facility \| KCM 364-Day Revolving 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) ¥ in Billions	Apr. 07, 2023 USD ($)	Apr. 08, 2022	Mar. 23, 2018 JPY (¥)
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			¥ 40.3
KKR Issued 0.509% Notes Due 2023 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			¥ 25
Interest rate, stated percentage			0.509%
KKR Issued 0.764% Notes Due 2025 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			¥ 5
Interest rate, stated percentage			0.764%
KKR Issued 1.595% Notes Due 2038 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount			¥ 10.3
Interest rate, stated percentage			1.595%
Revolving Credit Facility \| KCM Short-term Credit Agreement
Debt Instrument [Line Items]
Debt instrument, term		364 days
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, term	364 days
Line of credit facility, maximum borrowing capacity \| $	$ 750,000,000
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Sterling Overnight Interbank Average Rate (SONIA) \| Minimum \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Sterling Overnight Interbank Average Rate (SONIA) \| Maximum \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.75%
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Federal Funds Rate \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Secured Overnight Financing Rate (SOFR) \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1%
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Base Rate \| Minimum \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Revolving Credit Facility \| KCM Short-term Credit Agreement \| Base Rate \| Maximum \| Revolving Credit Facilities \| Subsequent Event
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%

DEBT OBLIGATIONS - Other Debt O

DEBT OBLIGATIONS - Other Debt Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Consolidated VIEs \| Consolidated CLOs
Debt Instrument [Line Items]
Total assets	$ 25,300,000
Asset Management
Debt Instrument [Line Items]
Financing Available	9,187,458	$ 7,811,025
Borrowing Outstanding	42,519,776	40,598,613
Fair Value	41,116,640	39,057,808
Total assets	110,583,857	106,195,148
Asset Management \| Consolidated VIEs
Debt Instrument [Line Items]
Borrowing Outstanding	31,759,110	29,579,867
Total assets	86,226,128	81,847,247
Asset Management \| Consolidated VIEs \| Consolidated CLOs
Debt Instrument [Line Items]
Borrowing Outstanding	23,804,584	22,273,242
Total assets	25,334,169	$ 23,595,674
Financing Facilities of Consolidated Funds and Other \| Asset Management
Debt Instrument [Line Items]
Financing Available	6,210,155
Borrowing Outstanding	11,128,673
Fair Value	$ 10,960,397
Weighted Average Interest Rate	5.90%
Weighted Average Remaining Maturity in Years	5 years
Debt Obligations of Consolidated CFEs \| Asset Management
Debt Instrument [Line Items]
Financing Available	$ 6,210,155
Borrowing Outstanding	34,933,257
Fair Value	$ 34,764,981
Debt Obligations of Consolidated CFEs \| Consolidated CLO
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.70%
Borrowings collateralized by fund investments	$ 2,400,000
Debt Obligations of Consolidated CFEs \| Consolidated CLO \| Asset Management
Debt Instrument [Line Items]
Financing Available	0
Borrowing Outstanding	23,804,584
Fair Value	$ 23,804,584
Weighted Average Remaining Maturity in Years	9 years 7 months 6 days

DEBT OBLIGATIONS - Global Atlan

DEBT OBLIGATIONS - Global Atlantic's Borrowings (Details) - Insurance - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Borrowings Outstanding, net	$ 2,300,000		$ 2,300,000
Purchase accounting adjustments	42,507		43,285
Debt issuance costs, net of accumulated amortization	(17,356)		(17,623)
Fair value loss (gain) of hedged debt obligations, recognized in earnings	(167,868)		(197,496)
Borrowing Outstanding	2,157,283		2,128,166
Fair Value	1,959,295		1,870,360
Amortization of purchase accounting adjustments	778	$ 5,400
Global Atlantic revolving credit facility, due August 2026 \| Revolving Credit Facility
Debt Instrument [Line Items]
Financing Available	600,000		600,000
Borrowings Outstanding, net	400,000		400,000
Fair Value	400,000		400,000
Global Atlantic senior notes, due October 2029 \| Senior Notes
Debt Instrument [Line Items]
Borrowings Outstanding, net	500,000		500,000
Fair Value	443,500		419,550
Global Atlantic senior notes, due June 2031 \| Senior Notes
Debt Instrument [Line Items]
Borrowings Outstanding, net	650,000		650,000
Fair Value	512,720		478,335
Global Atlantic subordinated debentures, due October 2051 \| Subordinated Debt
Debt Instrument [Line Items]
Borrowings Outstanding, net	750,000		750,000
Fair Value	$ 603,075		$ 572,475

POLICY LIABILITIES - Compositio

POLICY LIABILITIES - Composition of Policyholder Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Feb. 01, 2021
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balances	$ 114,180,191	$ 112,281,236	$ 102,628,462	$ 97,644,638
Market risk benefit liability	764,407	682,038
Negative VOBA	969,452	1,004,124	$ 1,105,408	$ 1,142,277	$ 1,299,249
Embedded derivative	2,800,000	2,200,000
Liability for future policy benefits, fair value option	1,300,000	1,300,000
Policy liabilities, outstanding claims	322,800	253,700
Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Policyholders’ account balances	114,180,191	112,281,236
Liability for future policy benefits	15,134,462	14,445,920
Additional liability for annuitization, death, or other insurance benefits	4,998,425	4,970,969
Market risk benefit liability	764,407	682,038
Other policy-related liabilities	6,052,489	5,400,766
Total policy liabilities	$ 141,129,974	$ 137,780,929

POLICY LIABILITIES - Balance an

POLICY LIABILITIES - Balance and Changes In Policyholder Account Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 112,281,236	$ 97,644,638
Issuances and premiums received	5,303,074	7,280,598
Benefit payments, surrenders, and withdrawals	(4,122,777)	(2,255,387)
Interest	687,775	489,435
Other, including changes in assumptions and fair value changes	30,883	(530,822)
Ending balance	114,180,191	102,628,462
Less: reinsurance recoverable	(16,598,413)	(14,067,843)
Balance as of end of period, net of reinsurance recoverable	$ 97,581,778	$ 88,560,619
Average interest rate	2.53%	1.96%
Net amount at risk, gross of reinsurance	$ 85,680,934	$ 86,200,701
Cash surrender value	85,348,350	75,850,811
Fixed rate annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	48,510,703	42,408,740
Issuances and premiums received	3,416,916	3,482,317
Benefit payments, surrenders, and withdrawals	(2,329,373)	(1,419,191)
Interest	340,106	226,379
Other, including changes in assumptions and fair value changes	(63,346)	(75,628)
Ending balance	49,875,006	44,622,617
Less: reinsurance recoverable	(6,699,771)	(6,156,662)
Balance as of end of period, net of reinsurance recoverable	$ 43,175,235	$ 38,465,955
Average interest rate	2.85%	2.18%
Net amount at risk, gross of reinsurance	$ 0	$ 0
Cash surrender value	40,420,172	36,377,347
Fixed indexed annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	29,123,926	25,204,787
Issuances and premiums received	1,640,745	1,823,616
Benefit payments, surrenders, and withdrawals	(937,627)	(471,071)
Interest	114,739	62,588
Other, including changes in assumptions and fair value changes	(45,130)	(6,323)
Ending balance	29,896,653	26,613,597
Less: reinsurance recoverable	(3,311,541)	(3,428,559)
Balance as of end of period, net of reinsurance recoverable	$ 26,585,112	$ 23,185,038
Average interest rate	1.70%	0.99%
Net amount at risk, gross of reinsurance	$ 0	$ 0
Cash surrender value	27,236,116	22,208,964
Interest sensitive life
Policyholder Account Balance [Roll Forward]
Beginning balance	17,397,185	17,391,996
Issuances and premiums received	144,797	329,744
Benefit payments, surrenders, and withdrawals	(230,514)	(151,078)
Interest	107,298	132,030
Other, including changes in assumptions and fair value changes	(25,172)	(262,728)
Ending balance	17,393,594	17,439,964
Less: reinsurance recoverable	(3,467,814)	(3,505,464)
Balance as of end of period, net of reinsurance recoverable	$ 13,925,780	$ 13,934,500
Average interest rate	3.09%	3.09%
Net amount at risk, gross of reinsurance	$ 84,498,038	$ 85,001,809
Cash surrender value	12,948,054	13,596,619
Funding agreements
Policyholder Account Balance [Roll Forward]
Beginning balance	7,535,489	6,014,553
Issuances and premiums received	0	1,098,944
Benefit payments, surrenders, and withdrawals	(224,107)	(21,380)
Interest	51,423	20,688
Other, including changes in assumptions and fair value changes	86,057	(176,298)
Ending balance	7,448,862	6,936,507
Less: reinsurance recoverable	0	0
Balance as of end of period, net of reinsurance recoverable	$ 7,448,862	$ 6,936,507
Average interest rate	2.75%	1.30%
Net amount at risk, gross of reinsurance	$ 0	$ 0
Cash surrender value	0	0
Other
Policyholder Account Balance [Roll Forward]
Beginning balance	9,713,933	6,624,562
Issuances and premiums received	100,616	545,977
Benefit payments, surrenders, and withdrawals	(401,156)	(192,667)
Interest	74,209	47,750
Other, including changes in assumptions and fair value changes	78,474	(9,845)
Ending balance	9,566,076	7,015,777
Less: reinsurance recoverable	(3,119,287)	(977,158)
Balance as of end of period, net of reinsurance recoverable	$ 6,446,789	$ 6,038,619
Average interest rate	2.69%	2.82%
Net amount at risk, gross of reinsurance	$ 1,182,896	$ 1,198,892
Cash surrender value	$ 4,744,008	$ 3,667,881

POLICY LIABILITIES - Guaranteed

POLICY LIABILITIES - Guaranteed Minimum Interest Rates (Details) $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 65,037,432	$ 63,241,065
Percentage of total	100%	100%
Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 30,816,745	$ 28,911,891
Less than 1.00% \| Maximum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	1%	1%
1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 9,328,752	$ 9,330,814
1.00% - 1.99% \| Minimum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	1%	1%
1.00% - 1.99% \| Maximum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	1.99%	1.99%
2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 1,723,196	$ 1,750,744
2.00% - 2.99% \| Minimum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	2%	2%
2.00% - 2.99% \| Maximum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	2.99%	2.99%
3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 13,685,616	$ 13,701,250
3.00% - 4.00% \| Minimum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	3%	3%
3.00% - 4.00% \| Maximum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	4%	4%
Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 9,483,123	$ 9,546,366
Greater than 4.00% \| Minimum
Policyholder Account Balance [Line Items]
Range of guaranteed minimum crediting rates	4%	4%
At guaranteed minimum
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 25,785,403	$ 26,985,347
Percentage of total	40%	43%
At guaranteed minimum \| Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 2,642,851	$ 3,211,064
At guaranteed minimum \| 1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,918,437	2,350,348
At guaranteed minimum \| 2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,045,214	1,096,383
At guaranteed minimum \| 3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	12,466,503	12,505,278
At guaranteed minimum \| Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	7,712,398	7,822,274
1 - 49 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 3,395,989	$ 3,264,694
Percentage of total	5%	5%
1 - 49 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0001	0.0001
1 - 49 bps above guaranteed minimum \| Maximum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0049	0.0049
1 - 49 bps above guaranteed minimum \| Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 24,180	$ 25,500
1 - 49 bps above guaranteed minimum \| 1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,236,507	1,171,911
1 - 49 bps above guaranteed minimum \| 2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	49,926	53,360
1 - 49 bps above guaranteed minimum \| 3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	440,291	417,005
1 - 49 bps above guaranteed minimum \| Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,645,085	1,596,918
50 - 99 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 2,121,128	$ 2,148,265
Percentage of total	3%	3%
50 - 99 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0050	0.0050
50 - 99 bps above guaranteed minimum \| Maximum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0099	0.0099
50 - 99 bps above guaranteed minimum \| Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 830,147	$ 847,989
50 - 99 bps above guaranteed minimum \| 1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,067,686	1,077,219
50 - 99 bps above guaranteed minimum \| 2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	10,330	9,747
50 - 99 bps above guaranteed minimum \| 3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	148,892	147,812
50 - 99 bps above guaranteed minimum \| Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	64,073	65,498
100 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 6,904,840	$ 7,081,979
Percentage of total	11%	11%
100 - 150 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0100	0.0100
100 - 150 bps above guaranteed minimum \| Maximum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0150	0.0150
100 - 150 bps above guaranteed minimum \| Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 4,508,872	$ 4,669,081
100 - 150 bps above guaranteed minimum \| 1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	1,877,808	1,910,863
100 - 150 bps above guaranteed minimum \| 2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	18,721	1,222
100 - 150 bps above guaranteed minimum \| 3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	493,461	494,726
100 - 150 bps above guaranteed minimum \| Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	5,978	6,087
Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 26,830,072	$ 23,760,780
Percentage of total	41%	38%
Greater than 150 bps above guaranteed minimum \| Minimum
Policyholder Account Balance [Line Items]
Account values with adjustable crediting rates subject to guaranteed minimums (basis points)	0.0150	0.0150
Greater than 150 bps above guaranteed minimum \| Less than 1.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 22,810,695	$ 20,158,257
Greater than 150 bps above guaranteed minimum \| 1.00% - 1.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	3,228,314	2,820,473
Greater than 150 bps above guaranteed minimum \| 2.00% - 2.99%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	599,005	590,032
Greater than 150 bps above guaranteed minimum \| 3.00% - 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	136,469	136,429
Greater than 150 bps above guaranteed minimum \| Greater than 4.00%
Policyholder Account Balance [Line Items]
Account values with adjustable credit rates subject to guaranteed minimum	$ 55,589	$ 55,589

POLICY LIABILITIES - Amounts Re

POLICY LIABILITIES - Amounts Recognized in Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 507,118	$ 308,296
Payout annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	492,727	290,782
Other
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 14,391	$ 17,514

POLICY LIABILITIES - Balances o

POLICY LIABILITIES - Balances of and Changes in Liability for Future Policy Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Feb. 01, 2021
Present value of expected net premiums
Balance as of beginning of the period	$ (255,401)	$ (329,716)
Balance at original discount rate	(303,610)	(334,780)
Effect of changes in cash flow assumptions			$ 0	$ 0
Effect of actual variances from expected experience			992	5,148
Adjusted beginning of period balance			(302,618)	(329,632)
Interest	(1,206)	(1,180)
Net premiums collected	8,283	9,815
Ending balance at original discount rate	(295,541)	(320,997)
Effect of changes in discount rate assumptions	43,489	20,194
Balance as of the end of the period	(252,052)	(300,803)
Present value of expected future policy benefits
Less: reinsurance recoverable					$ (15,828,738)
Liability for future policy benefit, reinsurance recoverable, after allowance, net of discount rate assumptions	237,100	(814,300)
Payout Annuity And Long-Duration Insurance, Other
Present value of expected future policy benefits
Balance as of beginning of the period	14,701,321	17,186,303
Balance at original discount rate	17,987,181	17,338,775
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			(4,238)	(4,339)
Adjusted beginning of period balance			17,982,943	17,334,436
Issuances	559,436	335,337
Interest	96,121	75,842
Benefit payments	(415,287)	(404,744)
De-recognition (lapses and withdrawals)	0	(2,267)
Ending balance at original discount rate	18,223,213	17,338,604
Effect of changes in discount rate assumptions	(2,836,699)	(1,617,492)
Balance as of the end of the period	15,386,514	15,721,112
Total policy liabilities	15,134,462	15,420,309
Less: reinsurance recoverable	(7,634,820)	(7,911,474)
Policy liabilities(3) (including market risk benefits)	7,499,642	7,508,835
Payout annuities
Present value of expected net premiums
Balance as of beginning of the period	0	0
Balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of period balance			0	0
Interest	0	0
Net premiums collected	0	0
Ending balance at original discount rate	0	0
Effect of changes in discount rate assumptions	0	0
Balance as of the end of the period	0	0
Present value of expected future policy benefits
Balance as of beginning of the period	14,021,514	16,302,904
Balance at original discount rate	17,180,626	16,443,480
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			(7,777)	(606)
Adjusted beginning of period balance			17,172,849	16,442,874
Issuances	559,421	332,874
Interest	93,654	71,690
Benefit payments	(389,426)	(376,446)
De-recognition (lapses and withdrawals)	0	0
Ending balance at original discount rate	17,436,498	16,470,992
Effect of changes in discount rate assumptions	(2,721,312)	(1,564,311)
Balance as of the end of the period	14,715,186	14,906,681
Total policy liabilities	14,715,186	14,906,681
Less: reinsurance recoverable	(7,636,570)	(7,906,865)			(7,175,906)
Policy liabilities(3) (including market risk benefits)	7,078,616	6,999,816
Other
Present value of expected net premiums
Balance as of beginning of the period	(255,401)	(329,716)
Balance at original discount rate	(303,610)	(334,780)
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			992	5,148
Adjusted beginning of period balance			(302,618)	(329,632)
Interest	(1,206)	(1,180)
Net premiums collected	8,283	9,815
Ending balance at original discount rate	(295,541)	(320,997)
Effect of changes in discount rate assumptions	43,489	20,194
Balance as of the end of the period	(252,052)	(300,803)
Present value of expected future policy benefits
Balance as of beginning of the period	679,807	883,399
Balance at original discount rate	806,555	895,295
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			3,539	(3,733)
Adjusted beginning of period balance			$ 810,094	$ 891,562
Issuances	15	2,463
Interest	2,467	4,152
Benefit payments	(25,861)	(28,298)
De-recognition (lapses and withdrawals)	0	(2,267)
Ending balance at original discount rate	786,715	867,612
Effect of changes in discount rate assumptions	(115,387)	(53,181)
Balance as of the end of the period	671,328	814,431
Total policy liabilities	419,276	513,628
Less: reinsurance recoverable	1,750	(4,609)			$ (4,164,982)
Policy liabilities(3) (including market risk benefits)	$ 421,026	$ 509,019

POLICY LIABILITIES - Weighted-A

POLICY LIABILITIES - Weighted-Average Interest Rates of Future Policy Benefits (Details)	Mar. 31, 2023	Dec. 31, 2022
Payout annuities
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rates, original discount rate	2.95%	2.76%
Weighted-average interest rates, current discount rate	4.81%	5.04%
Weighted-average liability duration (years, current rates)	8 years 6 months 10 days	8 years 4 months 20 days
Other
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rates, original discount rate	2.52%	2.50%
Weighted-average interest rates, current discount rate	4.80%	5.03%
Weighted-average liability duration (years, current rates)	9 years 3 months 29 days	9 years 3 months 25 days

POLICY LIABILITIES - Expected F

POLICY LIABILITIES - Expected Future Benefit Payments and Gross Premiums, Undiscounted and Discounted (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Payout annuities
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments, undiscounted	$ 24,718,978	$ 23,980,780
Expected future benefit payments, discounted (original discount rate)	17,436,498	17,321,202
Expected future benefit payments, discounted (current discount rate)	14,715,186	14,021,514
Expected future gross premiums, undiscounted	0	0
Expected future gross premiums, discounted (original discount rate)	0	0
Expected future gross premiums, discounted (current discount rate)	0	0
Other
Liability for Future Policy Benefit, Activity [Line Items]
Expected future benefit payments, undiscounted	957,987	986,614
Expected future benefit payments, discounted (original discount rate)	786,715	812,773
Expected future benefit payments, discounted (current discount rate)	671,328	680,807
Expected future gross premiums, undiscounted	506,463	524,122
Expected future gross premiums, discounted (original discount rate)	415,515	431,466
Expected future gross premiums, discounted (current discount rate)	$ 341,251	$ 356,968

POLICY LIABILITIES - Additional

POLICY LIABILITIES - Additional Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance as of beginning of period	$ 5,104,810	$ 4,832,678
Effect of actual variances from expected experience			$ (21,177)	$ 18,338
Adjusted balance as of beginning of period			$ 5,083,633	$ 4,851,016
Issuances	5,684	5,356
Assessments	85,683	123,692
Benefits paid	(84,913)	(115,920)
Interest	26,296	36,585
Balance as of end of period	5,116,383	4,900,729
Less: impact of unrealized investment gain and losses	117,958	86,032
Less: reinsurance recoverable, end of period	0	0
Balance, end of period, net of reinsurance recoverable and impact of unrealized investment gains and losses	4,998,425	4,814,697
Gross assessments	$ 146,376	$ 140,571
Weighted-average interest, current discount rate	3%		3%
Weighted-average liability duration (years)	27 years 9 months 25 days		28 years 2 months 15 days

POLICY LIABILITIES - Market Bas

POLICY LIABILITIES - Market Based Risk (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Feb. 01, 2021
Market Risk Benefit [Roll Forward]
Balance as of beginning of period	$ 668,858	$ 1,443,403
Balance as of beginning of period, before impact of changes in instrument-specific credit risk	807,513	1,438,088
Issuances	(45)	42,370
Interest	10,811	2,149
Attributed fees collected	45,238	43,114
Benefit payments	(820)	(666)
Effect of changes in interest rates	120,742	(315,098)
Effect of changes in equity markets	(25,808)	71,618
Effect of actual experience different from assumptions	(11,904)	2,831
Balance as of end of period before impact of changes in instrument-specific credit risk	945,727	1,284,406
Effect of changes in instrument-specific credit risk	(190,670)	(167,287)
Balance as of end of period	755,057	1,117,119
Less: reinsurance recoverable as of the end of the period	(14,913)	0
Balance as of end of period, net of reinsurance recoverable	740,144	1,117,119
Net amount at risk	$ 5,257,799	$ 4,235,466
Weighted-average attained age of contract holders (years)	70 years	70 years
Asset	$ 9,350		$ 13,180
Liability	764,407		682,038
Net	(755,057)	$ (1,117,119)	(668,858)	$ (1,590,512)
Fixed indexed annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning of period	548,536	1,188,355
Balance as of beginning of period, before impact of changes in instrument-specific credit risk	656,880	1,183,116
Issuances	(36)	364
Interest	8,854	1,757
Attributed fees collected	24,143	21,840
Benefit payments	(802)	(567)
Effect of changes in interest rates	71,737	(188,551)
Effect of changes in equity markets	(3,822)	9,815
Effect of actual experience different from assumptions	772	10,106
Balance as of end of period before impact of changes in instrument-specific credit risk	757,726	1,037,880
Effect of changes in instrument-specific credit risk	(146,505)	(133,204)
Balance as of end of period	611,221	904,676
Less: reinsurance recoverable as of the end of the period	0	0
Balance as of end of period, net of reinsurance recoverable	611,221	904,676
Net amount at risk	$ 3,980,500	$ 3,376,844
Weighted-average attained age of contract holders (years)	70 years	70 years
Asset	$ 9,279		13,150
Liability	620,500		561,686
Net	(611,221)	$ (904,676)	(548,536)	(1,177,468)
Variable- and other annuities
Market Risk Benefit [Roll Forward]
Balance as of beginning of period	120,322	255,048
Balance as of beginning of period, before impact of changes in instrument-specific credit risk	150,633	254,972
Issuances	(9)	42,006
Interest	1,957	392
Attributed fees collected	21,095	21,274
Benefit payments	(18)	(99)
Effect of changes in interest rates	49,005	(126,547)
Effect of changes in equity markets	(21,986)	61,803
Effect of actual experience different from assumptions	(12,676)	(7,275)
Balance as of end of period before impact of changes in instrument-specific credit risk	188,001	246,526
Effect of changes in instrument-specific credit risk	(44,165)	(34,083)
Balance as of end of period	143,836	212,443
Less: reinsurance recoverable as of the end of the period	(14,913)	0
Balance as of end of period, net of reinsurance recoverable	128,923	212,443
Net amount at risk	$ 1,277,299	$ 858,622
Weighted-average attained age of contract holders (years)	71 years	69 years
Asset	$ 71		30
Liability	143,907		120,352
Net	$ (143,836)	$ (212,443)	$ (120,322)	$ (413,044)

POLICY LIABILITIES - Separate A

POLICY LIABILITIES - Separate Account Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Separate Account, Liability [Roll Forward]
Balance as of beginning of period	$ 4,130,794	$ 5,586,428
Premiums and deposits	14,236	12,202
Surrenders, withdrawals and benefit payments	(112,124)	(130,046)
Investment performance	173,015	(353,575)
Other	(41,118)	(45,267)
Balance as of end of period	4,164,803	5,069,742
Cash surrender value as of end of period	4,164,803	5,069,742
Variable annuities
Separate Account, Liability [Roll Forward]
Balance as of beginning of period	3,627,769	4,922,704
Premiums and deposits	10,655	8,508
Surrenders, withdrawals and benefit payments	(108,408)	(124,258)
Investment performance	141,071	(313,829)
Other	(29,652)	(33,589)
Balance as of end of period	3,641,435	4,459,536
Cash surrender value as of end of period	3,641,435	4,459,536
Interest sensitive life
Separate Account, Liability [Roll Forward]
Balance as of beginning of period	503,025	663,724
Premiums and deposits	3,581	3,694
Surrenders, withdrawals and benefit payments	(3,716)	(5,788)
Investment performance	31,944	(39,746)
Other	(11,466)	(11,678)
Balance as of end of period	523,368	610,206
Cash surrender value as of end of period	$ 523,368	$ 610,206

POLICY LIABILITIES - Separate_2

POLICY LIABILITIES - Separate Account Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	$ 4,164,803	$ 4,130,794
Managed volatility equity/fixed income blended fund
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	2,221,153	2,246,803
Equity
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	1,686,721	1,634,357
Fixed income
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	157,531	156,594
Money market
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	98,667	92,284
Alternative
Fair Value, Separate Account Investment [Line Items]
Separate Account Assets	$ 731	$ 756

POLICY LIABILITIES - Narrative

POLICY LIABILITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other Comprehensive Income (Loss)	$ (18,238)	$ (22,281)
Liability For Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, After Cash Flow and Reinsurance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other Comprehensive Income (Loss)	$ (206,300)	$ 632,300

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Effective income tax rate	36.40%	2.80%
Decrease in uncertain tax positions	$ 9.3
Insurance
Operating Loss Carryforwards [Line Items]
Deferred tax assets, valuation allowance			$ 89.3

EQUITY BASED COMPENSATION - Sch

EQUITY BASED COMPENSATION - Schedule of KKR Equity Incentive Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Insurance
Equity Based Payments
Equity-based compensation	$ 36,393	$ 19,498
KKR Equity Incentive Plans
Equity Based Payments
Equity-based compensation	129,272	115,144
KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation	$ 3,000	$ 2,100

EQUITY BASED COMPENSATION - KKR

EQUITY BASED COMPENSATION - KKR Equity Incentive Plans Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) shares
Asset Management \| Service-Vesting Awards
Equity Based Payments
Portion of awards vested having one-year transfer restriction period (as a percent)	50%
Portion of awards vested having two-year transfer restriction period (as a percent)	50%
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%
Forfeiture rate assumed (as a percent)	7%
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 \| KKR Holdings
Equity Based Payments
Portion of awards vested having one-year transfer restriction period (as a percent)	50%
Portion of awards vested having two-year transfer restriction period (as a percent)	50%
KKR Equity Incentive Plans \| Asset Management \| Service-Vesting Awards
Equity Based Payments
Vesting period (in years)	1 year 6 months
Estimated unrecognized equity-based payment expense \| $	$ 495.6
KKR 2019 Equity Incentive Plan
Equity Based Payments
Total awards issuable as a percentage of diluted common stock outstanding	15%
Number of shares authorized (in shares) \| shares	68,758,469

EQUITY BASED COMPENSATION - Awa

EQUITY BASED COMPENSATION - Awards Rollforward (Details) - KKR Equity Incentive Plans	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Service-Vesting Awards
Shares
Balance at the beginning of the period (in shares) \| shares	16,170,064
Granted (in shares) \| shares	143,064
Vested (in shares) \| shares	0
Forfeitures (in shares) \| shares	(76,360)
Balance at the end of the period (in shares) \| shares	16,236,768
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 45.82
Granted (in dollars per share) \| $ / shares	49.76
Vested (in dollars per share) \| $ / shares	0
Forfeitures (in dollars per share) \| $ / shares	50.43
Balance at the end of the period (in dollars per share) \| $ / shares	$ 45.83
Market Condition Awards \| Asset Management
Shares
Balance at the beginning of the period (in shares) \| shares	26,198,531
Granted (in shares) \| shares	0
Vested (in shares) \| shares	(130,000)
Forfeitures (in shares) \| shares	(200,000)
Balance at the end of the period (in shares) \| shares	25,868,531
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 25.30
Granted (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	20.49
Forfeitures (in dollars per share) \| $ / shares	19.87
Balance at the end of the period (in dollars per share) \| $ / shares	$ 25.37

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	3 Months Ended
	Mar. 31, 2023 USD ($) consecutiveTradingDay $ / shares shares
Equity Based Payments
Estimated unrecognized equity-based payment expense \| $	$ 384.4
Remaining requisite service period	3 years 3 months 18 days
Asset Management
Equity Based Payments
Vesting period (in years)	5 years 6 months
Stock price target consecutive trading days threshold \| consecutiveTradingDay	20
Forfeiture rate assumed	7%
Number of shares that met vesting conditions (in shares) \| shares	19
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 - 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, 2021 consecutiveTradingDay $ / shares shares	Mar. 31, 2023 USD ($)
Equity Based Payments
Granted (in shares) \| shares	7.5
Stock price target consecutive trading days threshold \| consecutiveTradingDay	20
Estimated unrecognized equity-based payment expense \| $		$ 544.3
Tranche one
Equity Based Payments
Vesting percentage	20%
Stock price target (in dollars per share)	$ 95.80
Tranche two
Equity Based Payments
Vesting percentage	20%
Stock price target (in dollars per share)	$ 105.80
Tranche three
Equity Based Payments
Vesting percentage	20%
Stock price target (in dollars per share)	$ 115.80
Tranche four
Equity Based Payments
Vesting percentage	20%
Stock price target (in dollars per share)	$ 125.80
Tranche five
Equity Based Payments
Vesting percentage	20%
Stock price target (in dollars per share)	$ 135.80

EQUITY BASED COMPENSATION - Ass

EQUITY BASED COMPENSATION - Assumptions Used to Estimate Fair Value (Details) - KKR Equity Incentive Plans - Asset Management	3 Months Ended
	Mar. 31, 2023 $ / shares
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%
Dividend Yield	0.77%
Expected Cost of Equity	9.36%
Weighted Average \| Market Condition Awards
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 25.29
Closing KKR share price as of valuation date (in dollars per share)	$ 43.89
Risk Free Rate	1.14%
Volatility	30.07%
Dividend Yield	1.39%
Expected Cost of Equity	10.83%
Minimum \| Market Condition Awards
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%
Dividend Yield	0.76%
Expected Cost of Equity	9.13%
Maximum \| Market Condition Awards
Equity Based Payments
Grant Date Fair Value (in dollars per share)	$ 66.80
Closing KKR share price as of valuation date (in dollars per share)	$ 76.31
Risk Free Rate	3.86%
Volatility	38%
Dividend Yield	1.53%
Expected Cost of Equity	11.80%

EQUITY BASED COMPENSATION - Equ

EQUITY BASED COMPENSATION - Equity Based Compensation - Insurance Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity Based Payments
Equity-based compensation costs capitalized	$ 0	$ 0
GA Plan
Equity Based Payments
Equity-based compensation	$ 18,700,000	$ 20,600,000

EQUITY BASED COMPENSATION - Cla

EQUITY BASED COMPENSATION - Classified Awards Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended			12 Months Ended
	Mar. 01, 2021 USD ($)	Feb. 28, 2021 USD ($)	Feb. 01, 2021 USD ($) installment payment $ / shares shares	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)
Insurance
Equity Based Payments
Equity-based compensation				$ 36,393	$ 19,498
KKR Equity Incentive Plans
Equity Based Payments
Equity-based compensation				129,272	115,144
KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation				3,000	2,100
GA Plan
Equity Based Payments
Equity-based compensation				18,700	20,600
Market Condition Awards
Equity Based Payments
Equity-based compensation						$ 10,500
Market Condition Awards \| KKR Equity Incentive Plans
Equity Based Payments
Estimated unrecognized equity-based payment expense				$ 384,400
Remaining requisite service period				3 years 3 months 18 days
Restricted Stock Units (RSUs) \| KKR Equity Incentive Plans \| Insurance
Equity Based Payments
Equity-based compensation				$ 3,000	2,100
Book-Value Awards \| GA Plan
Equity Based Payments
Remaining requisite service period				2 years 4 months 2 days			2 years 5 months 12 days
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
Value of awards vested		$ 28,000
Cash payment to settle awards		$ 17,000
Granted	$ 32,000		$ 23,000
Vesting period (in years)	3 years		5 years
Forfeiture rate assumed (as a percent)	4%		4%
Estimated unrecognized equity-based payment expense				$ 94,200			$ 98,100
Book-Value Awards \| GA Plan \| Insurance \| Tranche one
Equity Based Payments
Vesting percentage			25%
Book-Value Awards \| GA Plan \| Insurance \| Tranche two
Equity Based Payments
Vesting percentage			25%
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				$ 15,700	$ 18,500

EQUITY BASED COMPENSATION - Boo

EQUITY BASED COMPENSATION - Book Value Awards Activity (Details) - Book-Value Awards - GA Plan - Insurance - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding amount as of beginning of period	$ 138,595	$ 145,000
Granted	28,619	20,205
Forfeited	(494)	(874)
Vested and issued	(27,057)	(39,029)
Outstanding amount as of end of period	$ 139,663	$ 125,302

EQUITY BASED COMPENSATION - GA

EQUITY BASED COMPENSATION - GA Equity Incentive Plan Awards Narrative (Details) - Service-Vesting Awards - GA Equity Incentive Plan - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Jun. 24, 2021	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Equity Based Payments
Incentive shares issued (in shares)	1,000
Incentive shares granted (in shares)	808
Vesting percentage	20%
Forfeiture rate assumed (as a percent)	0%
Vesting period (in years)	5 years	2 years 10 months 2 days		3 years 1 month 2 days
Aggregate value at grant date	$ 197
Intrinsic value of book value at grant date	5
Fair value of market value and AUM at grant date	$ 192
Equity-based compensation		$ 38.4	$ 17.3
Estimated unrecognized equity-based payment expense		$ 108.7		$ 118.3
Share-based Payment Arrangement, Employee
Equity Based Payments
Incentive shares granted (in shares)		77	0
Incentive shares forfeited (in shares)		27	8
Incentive units outstanding (in shares)		895		845

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - Affiliated Entity - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from Affiliates	$ 1,847,869	$ 1,663,303
Due to Affiliates	435,270	466,057
Unconsolidated Investment Funds
Related Party Transaction [Line Items]
Due from Affiliates	1,561,233	1,401,766
Due to Affiliates	30,704	45,458
Portfolio Companies
Related Party Transaction [Line Items]
Due from Affiliates	286,636	261,537
Tax Receivable Agreement
Related Party Transaction [Line Items]
Due to Affiliates	$ 404,566	$ 420,599

SEGMENT REPORTING - Information

SEGMENT REPORTING - Information Regarding Segment Results (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	2
Number of operating segments \| segment	2
Pre-tax Operating Earnings Attributable to Noncontrolling Interest	$ 408,435	$ 1,289,039
Total Segment Operating Earnings	983,459	1,271,392
Asset Management and Insurance Segments
Segment Reporting Information [Line Items]
Total Segment Assets	282,610,589	265,917,965	$ 275,346,636
Asset Management and Insurance Segments \| Operating Segments
Segment Reporting Information [Line Items]
Total Segment Assets	205,493,113	199,041,757
Asset Management and Insurance Segments \| Management Fees \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Fees and Other	108,300	59,000
Asset Management and Insurance Segments \| Interest Income (Expense) \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Fees and Other	44,800	25,800
Asset Management
Segment Reporting Information [Line Items]
Fees and Other	677,016	780,511
Compensation	(575,670)	(283,672)
General, Administrative and Other	(213,689)	(234,665)
Total Segment Assets	110,583,857		106,195,148
Asset Management \| Operating Segments
Segment Reporting Information [Line Items]
Other Operating Expenses	(150,404)	(125,875)
Fee Related Earnings	548,578	604,922
Total Segment Operating Earnings	778,347	1,127,445
Total Segment Assets	30,661,383	31,921,809
Asset Management \| Management Fees \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	738,156	624,928
Asset Management \| Transaction and Monitoring Fees, Net \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	142,179	306,038
Asset Management \| Fee Related \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	21,741	12,051
Compensation	(203,094)	(212,220)
Asset Management \| Realized Performance Income \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	175,398	609,207
Compensation	(114,009)	(383,635)
Asset Management \| Realized Investment Income
Segment Reporting Information [Line Items]
Fees and Other	198,094	349,354
Asset Management \| Realized Investment Income \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	198,094	349,354
Compensation	(29,714)	(52,403)
Insurance
Segment Reporting Information [Line Items]
Net Cost of Insurance	(225,318)	(115,803)
General, Administrative and Other	(211,731)	(167,624)
Total Segment Assets	172,026,732		$ 169,151,488
Insurance \| Operating Segments
Segment Reporting Information [Line Items]
Fees and Other	1,271,255	862,414
Net Cost of Insurance	(750,612)	(481,870)
General, Administrative and Other	(196,714)	(146,412)
Pre-tax Operating Earnings	323,929	234,132
Pre-tax Operating Earnings Attributable to Noncontrolling Interest	(118,817)	(90,185)
Total Segment Operating Earnings	205,112	143,947
Total Segment Assets	$ 174,831,730	$ 167,119,948

SEGMENT REPORTING - Reconciliat

SEGMENT REPORTING - Reconciliation to Total Segment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Total Revenues - Asset Management	$ 3,127,482	$ 999,363
Impact of Consolidation and Other	209,778	213,400
Net Premiums	(473,624)	(372,144)
Asset Management and Insurance Segments
Segment Reporting Information [Line Items]
Total Revenues - Asset Management	2,546,823	2,763,992
Asset Management
Segment Reporting Information [Line Items]
Total Revenues - Asset Management	1,126,034	(165,232)
Capital Allocation-Based Income	(449,018)	945,743
Realized Carried Interest	172,689	579,767
Total Revenues	677,016	780,511
Capstone Fees	(19,805)	(15,485)
Asset Management \| Realized Investment Income
Segment Reporting Information [Line Items]
Total Revenues	198,094	349,354
Asset Management \| Expense Reimbursements
Segment Reporting Information [Line Items]
Total Revenues	15,544	41,303
Insurance
Segment Reporting Information [Line Items]
Total Revenues - Asset Management	2,001,448	1,164,595
Net Premiums	(473,624)	(372,144)
Policy Fees	(313,802)	(313,782)
Other Income	(37,158)	(34,744)
(Gains) Losses from Investments	260,507	167,102
Non-operating Changes in Policy Liabilities and Derivatives	$ (112,776)	$ 286,721

SEGMENT REPORTING - Total Distr

SEGMENT REPORTING - Total Distributable Operating Earnings Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Income (Loss) Before Tax (GAAP)	$ 408,435	$ 1,289,039
Interest Expense	576,338	281,759
Total Segment Operating Earnings	983,459	1,271,392
Asset Management
Segment Reporting Information [Line Items]
Unrealized (Gains) Losses	99,327	322,269
Unrealized Carried Interest	(202,659)	1,290,033
Unrealized Carried Interest Compensation (Carry Pool)	83,830	(513,987)
Strategic Corporate Related Charges(2)	6,807	19,898
Asset Management \| Non-Performance Based Awards
Segment Reporting Information [Line Items]
Equity-based compensation	59,017	55,111
Asset Management \| Performance Based Awards
Segment Reporting Information [Line Items]
Equity-based compensation	67,273	57,953
Insurance
Segment Reporting Information [Line Items]
Equity-based compensation	36,393	19,498
Strategic Corporate Related Charges(2)	0	3,079
(Gains) Losses from Investments(2)(3)	131,114	129,032
Non-operating Changes in Policy Liabilities and Derivatives(2)	106,491	(192,201)
Amortization of Acquired Intangibles(2)	2,794	2,713
Segment Reconciling Items
Segment Reporting Information [Line Items]
Impact of Consolidation and Other	99,137	(1,300,326)
Interest Expense	85,500	69,460
Equity-based compensation	$ 0	$ 19,821

SEGMENT REPORTING - Total Segme

SEGMENT REPORTING - Total Segment Assets (Details) - Asset Management and Insurance Segments - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Segment Reporting Information [Line Items]
Consolidated GAAP assets	$ 282,610,589	$ 275,346,636	$ 265,917,965
Impact of Consolidation and Reclassifications	(75,160,372)		(63,737,743)
Carry Pool Reclassifications	(1,957,104)		(3,138,465)
Operating Segments
Segment Reporting Information [Line Items]
Consolidated GAAP assets	$ 205,493,113		$ 199,041,757

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Aug. 14, 2020	Dec. 31, 2015	May 05, 2023	Mar. 31, 2023	Feb. 07, 2023
Class of Stock [Line Items]
Share repurchase program, authorized amount					$ 500
Percentage of carried interest received by general partners (up to)		1%
Subsequent Event
Class of Stock [Line Items]
Remaining amount available for repurchase			$ 468
Series I Preferred Stock
Class of Stock [Line Items]
Preferred stock redemption price (in dollars per share)				$ 0.01
Series C Mandatory Convertible Preferred Stock Dividends
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
Preferred stock dividend rate (as a percentage)	6%
Consecutive trading days	20 days
Trading days prior to period end	21 days
Common Units \| Minimum
Class of Stock [Line Items]
Convertible preferred stock, shares issued upon conversion of one unit of stock (in shares)	1.1662
Common Units \| Maximum
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Class of Stock [Line Items]
Shares of common stock repurchased (in shares)	0	5,191,174
Equity awards for common stock retired (in shares)	0	0

EQUITY - Schedule of Noncontrol

EQUITY - Schedule of Noncontrolling Interests Calculation (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net Income (Loss)	$ 259,688	$ 1,252,388
Stockholders' equity, ending balance	56,979,250	58,071,855
Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Stockholders' equity, beginning balance	35,778,000	40,474,565	$ 40,474,565
Net Income (Loss)	(73,003)	1,244,987
Other comprehensive income (loss), net of tax	367,188	(1,620,472)
Equity-based and other non-cash compensation	76,596	83,392
Capital contributions	2,468,778	3,579,591
Capital distributions	(1,840,303)	(1,873,873)
Changes in Consolidation	(93,545)
Stockholders' equity, ending balance	37,316,569	41,993,151	35,778,000
Noncontrolling Interests \| Cumulative Effect, Period of Adoption, Adjustment
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Stockholders' equity, beginning balance	632,858	104,961	104,961
Stockholders' equity, ending balance			632,858
Noncontrolling Interests \| Cumulative Effect, Period of Adoption, Adjusted Balance
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Stockholders' equity, beginning balance	$ 36,410,858	$ 40,579,526	40,579,526
Stockholders' equity, ending balance			$ 36,410,858

REDEEMABLE NONCONTROLLING INT_3

REDEEMABLE NONCONTROLLING INTERESTS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Redeemable Noncontrolling Interest [Line Items]
Redeemable non-controlling interests	$ 144,126	$ 152,065	$ 81,793	$ 82,491
Global Atlantic
Redeemable Noncontrolling Interest [Line Items]
Redeemable non-controlling interests	79,300	82,700
Estimated redemption value	$ 5,300	$ 5,300

REDEEMABLE NONCONTROLLING INT_4

REDEEMABLE NONCONTROLLING INTERESTS - Schedule Of Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Increase (Decrease) in Redeemable Noncontrolling Interests
Balance at the beginning of the period	$ 152,065	$ 82,491
Net income (loss) attributable to Redeemable Noncontrolling Interests	(7,303)	(63)
Capital contributions	0	0
Capital distributions	(636)	(635)
Balance at the end of the period	$ 144,126	$ 81,793

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2014	Dec. 31, 2022	Dec. 31, 2014
Global Atlantic \| Unaffiliated Third Parties
Other Commitments [Line Items]
Total fees expensed	$ 5,100,000	$ 4,500,000
Total capacity of financing arrangements	2,300,000,000			$ 2,300,000,000
Global Atlantic \| Payment Guarantee
Other Commitments [Line Items]
Guarantor period			25 years
Payment obligation	60,500,000				$ 214,000,000
Global Atlantic \| Financial Standby Letter of Credit
Other Commitments [Line Items]
Contingent guarantee	29,700,000
Global Atlantic \| Unfunded Revolver Commitments
Other Commitments [Line Items]
Contingent guarantee	235,300,000
Private and Public Markets Investment Funds \| KKR
Other Commitments [Line Items]
Unfunded commitments	9,700,000,000
Certain Investment Vehicles \| KKR \| Maximum Loss
Other Commitments [Line Items]
Unfunded commitments	114,000,000
Capital Markets \| KKR
Other Commitments [Line Items]
Unfunded commitments	439,700,000
Purchase or Funding of Investments \| Global Atlantic
Other Commitments [Line Items]
Unfunded commitments	3,200,000,000			3,300,000,000
Commitment to Extend Credit \| Global Atlantic
Other Commitments [Line Items]
Liability for current expected credit losses	63,800,000			$ 55,800,000
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	520,000,000
Private equity fund carried interest amount subject to clawback provision assuming liquidation at fair value, reimbursement amount	210,000,000
Liquidation value for clawback obligation	0
Clawback obligation amount if private equity vehicles liquidated at fair value	2,900,000,000
Amount entitled to seek for reimbursement	1,200,000,000
Clawback Obligation Attributable to Certain and Former KKR Employees \| KKR \| KKR Associates Holdings L.P.
Other Commitments [Line Items]
Private equity fund carried interest amount subject to clawback provision assuming liquidation at fair value, reimbursement amount	$ 210,000,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares				3 Months Ended
SUBSEQUENT EVENTS (Details) - $ / shares	Jun. 15, 2023	Jun. 06, 2023	May 08, 2023	Mar. 31, 2023
Forecast
Subsequent Events
Dividend to be paid (in dollars per share)		$ 0.165
Series C Mandatory Convertible Preferred Stock Dividends
Subsequent Events
Preferred stock, dividends declared (in dollars per share)				$ 0.75
Series C Mandatory Convertible Preferred Stock Dividends \| Forecast
Subsequent Events
Preferred stock, dividends paid (in dollars per share)	$ 0.75
Subsequent Event
Subsequent Events
Dividend declared (in dollars per share)			$ 0.165
Subsequent Event \| Series C Mandatory Convertible Preferred Stock Dividends
Subsequent Events
Preferred stock, dividends declared (in dollars per share)			$ 0.75

Uncategorized Items - kkr-20230

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2018-12 [Member]