KKR fuels up with Q4 cash off big Global Atlantic annuity sales
February 13, 2024 by John Hilton
KKR remains a diversified, investment firm juggernaut that continued to gather momentum in the fourth quarter, fed heavily by its insurance holding, Global Atlantic.
In a deal that closed in January, KKR purchased the remaining 37% of Global Atlantic Financial Group it didn’t already own for $2.7 billion.
Global Atlantic is a big seller of fixed annuities – ranking seventh with Q3 sales of more than $7 billion, according to LIMRA – and is contributing significant assets to KKR.
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Originally Posted at InsuranceNewsNet on February 6, 2024 by John Hilton.
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