KKR Q4 2020 Earnings Report
Key Takeaways
KKR & Co. Inc. reported a strong fourth quarter in 2020, with after-tax Distributable Earnings Per Adjusted Share of $0.49, up 11% compared to the same period in 2019. The company's Assets Under Management and Fee Paying Assets Under Management reached $252 billion and $186 billion, respectively, representing year-over-year increases of 15% and 16%.
After-tax Distributable Earnings Per Adjusted Share increased by 11% compared to Q4 2019.
Distributable operating earnings was up 18% compared to the equivalent period in 2019.
Assets Under Management and Fee Paying Assets Under Management increased by 15% and 16%, respectively, year-over-year.
KKR completed the acquisition of Global Atlantic Financial Group Limited on February 1, 2021, which would bring pro forma AUM and FPAUM to approximately $342 billion and $276 billion, respectively.
KKR
KKR
Forward Guidance
Beginning with any dividends to be announced with the results for the quarter ending March 31, 2021, KKR expects to pay its common stockholders an annualized dividend of $0.58 per share of common stock, equal to a quarterly dividend of $0.145 per share of common stock.