KKR : Investor Presentation May 2025

KKR & Co. Inc.

Overview Presentation - 1Q'25

May 2025

KKR Overview

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

49 Years

$664 billion in AUM

~3,000 KKR

employees

Multi-asset experience

28 KKR

offices

of investment experience

across Credit & Liquid Strategies ($284bn), Private Equity ($209bn) & Real Assets ($171bn)

plus ~1,600 Global Atlantic employees(1)

across

private equity, real estate, infrastructure and credit

across 4 continents serving local markets, plus 9 Global Atlantic offices

Note: All figures are as of March 31, 2025 unless otherwise noted. See Appendix endnotes.

Positioned For Significant Growth Ahead

Purpose-built business model with three

growth engines to drive recurring earnings

Asset

Management

Insurance

Strategic

Holdings

High-growth industry with leadership in key markets

Leveraging our core strengths

• Growing alternatives

  industry

• Insurance

• Asia Pacific / Japan

• Infrastructure / Climate

• Private Credit / ABF

• Private Wealth

• Differentiated investment performance

• Embedded growth from investment in distribution and products

• Leading insurance

  franchise

• Growth enhanced with 100% ownership

• Strong conviction we can double Global Atlantic AUM from here

• Scaled Core Private

  Equity strategy

• Recurring, quarterly dividends with attractive growth trajectory

  • Investing acumen

  • Capital allocation

  • Collaborative culture

With a highly aligned and motivated leadership team -

employees own ~30% of outstanding KKR stock(1)

Note: The statements above are forward-looking statements. These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See

Appendix for important information regarding cautionary factors about forward-looking statements.

Evolution And Growth Of Our Business

$29

$22

Perpetual

Capital

Stock Price

$1.6

ANI

$1.1

FRE

$1.2

Mgmt.

Fees

$218

AUM

Asset

Management

2019

($ in billions, except per share data)

Asset

Management

Insurance

Strategic

Holdings

AUM

$664

Mgmt.

Fees

$3.6

FRE

$3.4

ANI

$4.4

Perpetual

Capital

Stock Price

$279

$116

1Q'25 LTM

Three Segments

Existing

Businesses

Insurance

Strategic

Holdings

Initial acquisition in

February 2021

Increased

ownership to 100%

in January 2024

Assets Under

Management

$197

$72

1Q'25

KKR (1)

Announcement

KCM

Transaction +2.7x

Fees

Strategies

Credit & Liquid +2.9x

Real Estate +8.7x

Infrastructure +4.9x

& Energy

Private Equity +2.3x

Assets Under

Management

Scaling of

Introduced as a new segment in January 2024

Portfolio of

19 companies(2)

Expecting to generate growing, recurring durable earnings