KKR: Group share of earnings down 16% in 2024

(CercleFinance.com) - KKR has announced total sales of $21.
8 billion for fiscal year 2024, up by almost 45% on the previous year ($15 billion).

Sales were driven by the Asset Management and Strategic Holdings division, whose sales rose from $5.8 to $7.2 billion, and by the Insurance division, whose sales rose from $8.7 to $14.6 billion in the space of a year.

Nevertheless, expenses rose from $12.3 billion to $20.9 billion, resulting in a 16% drop in net income, group share, to $3.07 billion from $3.68 billion a year earlier, giving EPS of $3.47 (vs. $4.24 previously).

In Q4 alone, KKR recorded sales down to $3.25 bn (vs. $4.42 bn for the same period a year earlier), but saw its net income, group share rise from $1.04 bn to $1.12 bn, giving quarterly EPS of $1.18 to $1.27.

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