KKR & Co. Inc. Overview Presentation

KKR & Co. Inc. Overview Presentation

• 1. February 7, 2023 KKR & Co. Inc. Overview Presentation – 2Q’25 August 2025

• 2. 2 Legal Disclosures This presentation has been prepared by KKR & Co. Inc. solely for informational purposes for its public stockholders in connection with evaluating the business, operations and financial results of KKR & Co. Inc. and its subsidiaries (collectively, “KKR”), which includes The Global Atlantic Financial Group LLC and its subsidiaries (collectively, “Global Atlantic” or “GA”), unless the context requires otherwise. This presentation is not, and shall not be construed, as an offer to purchase or sell, or the solicitation of an offer to purchase or sell any securities of KKR in any jurisdiction in which such offer, solicitation or sale would be unlawful. This presentation may not be distributed, referenced, quoted or linked by website, in whole or in part, except as agreed to in writing by KKR & Co. Inc. The statements contained in this presentation are made as of the date of this presentation, other than financial figures, which are as of June 30, 2025, unless another time is specified in relation to such statements or financial figures, and access to this presentation at any given time shall not give rise to any implication that there has been no change in the facts set forth in this presentation since such date. This presentation contains certain forward-looking statements pertaining to KKR, including with respect to the investment funds, and vehicles and accounts managed by KKR and the Global Atlantic insurance companies. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. You can identify these forward-looking statements by the use of words such as “opportunity,” “outlook,” “believe,” “think,” “expect,” “feel,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” “visibility,” “positioned,” “path to,” “conviction,” the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this presentation except as required by law. Please see the Appendix for additional important information about forward-looking statements, including the assumptions and risks concerning projections and estimates of future performance. This presentation includes certain non-GAAP measures, including adjusted net income (“ANI”), total segment earnings, total investing earnings, total operating earnings (“TOE”), fee related earnings (“FRE”), strategic holdings operating earnings, and total asset management segment revenues. These non-GAAP measures are in addition to, and not a substitute for, measures of financial and operating performance prepared in accordance with U.S. GAAP. While we believe that providing these non-GAAP measures is helpful to investors in assessing the overall performance of KKR’s business, they may not include all items that are significant to an investor’s analysis of our financial results. Please see the Appendix for additional important information about the non-GAAP measures presented herein. Please see the Appendix for other important information. In addition, information about factors affecting KKR, including a description of risks that should be considered when making a decision to purchase or sell any securities of KKR, can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and its other filings with the SEC, which are available at www.sec.gov. From time to time, we may use our website as a channel of distribution of material information. Financial and other material information regarding KKR is routinely posted on and accessible at www.kkr.com. Financial and other material information regarding Global Atlantic is routinely posted on and accessible at www.globalatlantic.com. Information on these websites are not incorporated by reference herein and are not a part of this presentation.

• 3. 3 KKR Overview Note: All figures are as of June 30, 2025 unless otherwise noted. See Appendix endnotes. (1) As of December 31, 2024. 49 Years of investment experience $686 billion in AUM across Credit & Liquid Strategies ($292bn), Private Equity ($215bn) & Real Assets ($179bn) ~3,000 KKR employees plus ~1,600 Global Atlantic employees(1) Multi-asset experience across private equity, real estate, infrastructure and credit 28 KKR offices across 4 continents serving local markets, plus 7 additional Global Atlantic offices Established in 1976, KKR is a global investment firm with industry-leading investment experience and a strong culture committed to teamwork

• 4. 4 Positioned For Significant Growth Ahead 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 ✓ Investing acumen ✓ Capital allocation ✓ Collaborative culture ✓ Scaled Core Private Equity strategy ✓ Recurring, quarterly dividends with attractive growth trajectory ✓ Leading insurance franchise ✓ Growth enhanced with 100% ownership ✓ Strong conviction we can double Global Atlantic AUM from here ✓ Differentiated investment performance ✓ Embedded growth from investment in distribution and products With a highly aligned and motivated leadership team – employees own ~30% of outstanding KKR stock(1) Purpose-built business model with three growth engines to drive recurring earnings Strategic Holdings Insurance AssetManagement 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. (1) As of December 31, 2024.

• 5. 5 Evolution And Growth Of Our Business Note: Revenue and earnings metrics are shown using the last twelve months of their noted time periods. Operating metrics are shown as of most recent quarter end for the noted time periods. The stock price data is as of December 31, 2019, and June 30, 2025. Perpetual capital is capital of indefinite duration, which may be materially reduced or terminated under certain conditions. See Appendix for endnotes and other important information. 2019 2Q’25 LTM Asset Management Insurance Strategic Holdings Asset Management AUM $218 Stock Price $29 Mgmt. Fees $1.2 FRE $1.1 ANI $1.6 ($ in billions, except per share data) AUM $686 Stock Price $133 Mgmt. Fees $3.7 FRE $3.6 ANI $4.5 Initial acquisition in February 2021 Increased ownership to 100% in January 2024 Introduced as a new segment in January 2024 Portfolio of 19 companies(2) Expecting to generate growing, recurring durable earnings Assets Under Management Private Equity Infrastructure & Energy Real Estate Credit & Liquid Strategies KCM Transaction Fees +2.3x +5.2x +8.8x +2.9x +2.7x Insurance Strategic Holdings Scaling of Existing Businesses Perpetual Capital $22 Perpetual Capital $289 $72 $201 KKR Announcement 2Q'25 Assets Under Management (1) Three Segments

• 6. 6 A Strong 2Q’25 LTM Across Key Metrics Strong Financial Results • Management Fees → +16% LTM 2Q’25 vs. LTM 2Q’24 • Fee Related Earnings → +34% LTM 2Q’25 vs. LTM 2Q’24 • Adjusted Net Income → +27% LTM 2Q’25 vs. LTM 2Q’24 Robust Fundraising Momentum Continues • Raised $109 billion of capital in the trailing twelve months at 2Q’25 • Flagship fundraising off to a strong start and 30+ strategies targeted to raise capital in the next 12-18 months • K-Series momentum continues with AUM of $25 billion at 2Q’25 vs. $11 billion at 2Q’24 Increased Investment Activity • $83 billion of capital deployed in the trailing twelve months at 2Q’25 vs. $61 billion in the trailing twelve months at 2Q’24 • Capital markets transaction fees of $1.1 billion in the trailing twelve months at 2Q’25 Strong Performance • Monetizations of $2.6 billion in the trailing twelve months at 2Q’25 increased by 22% year-over-year • Gross unrealized carried interest of $9.2 billion at 2Q’25 vs. $7.1 billion at 2Q’24 Year-Over-Year LTM Growth $686bn AUM +14% $289bn Perpetual Capital +16% $3.6bn Fee Related Earnings +34% $4.5bn Adjusted Net Income +27% Note: Perpetual capital is capital of indefinite duration, which may be materially reduced or terminated under certain conditions. See Appendix for endnotes and other important information.

• 7. 7 Our Capital Allocation Toolkit 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 endnotesfor important information regarding estimates and assumptions and cautionary factors about forward-looking statements. Strategic M&A Core Private Equity Insurance Share Buybacks Our objective for capital allocation is to generate recurring and durable, growth-oriented earnings per share

• 8. 8 KKR’s Culture And Values Drive Outcomes One Firm Diversity Teamwork Innovation Excellence Integrity Accountability Relationship-Driven Best-in-class talent One P&L and compensation pool Collaboration Business building & innovation Allows us to maximize the impact of our model

• 9. Our Model

• 10. 10 Our Model – Three Growth Engines Asset Management Insurance Strategic Holdings

• 11. Asset Management

• 12. 12 Scaled And Diversified Assets Under Management Assets Under Management ($ in billions) $62 $60 $157 $83 $100 $107 $120 $130 $168 $195 $218 $252 $471 $504 $553 $638 $686 $58 $97 $82 $134 $127 $30 $686 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2Q'25 2Q'25 +18% CAGR Alternative Credit Liquid Strategies Leveraged Credit Traditional Private Equity Infrastructure & Energy(1) Growth Equity & Core PE Real Estate Note: See Appendix endnotes for footnote references.

• 13. 13 Strong, Broad-Based Investment Performance Fund Investment Performance Gross Unrealized Carried Interest Note: Traditional private equity does not include core or growth. See Appendix for endnotes explaining composition of the portfolios and composites presented on this page and for other important information. Past performance is no guarantee of future results. $7.1 $9.2 2Q'24 2Q'25 ($ in billions) Gross Return – 2Q’25 LTM Traditional Private Equity Portfolio 13% Infrastructure Portfolio 14% Opportunistic Real Estate Portfolio 7% Leveraged Credit Composite 7% Alternative Credit Composite 9% +29%

• 14. 14 Differentiated Value Creation Toolkit GLOBAL CLIENT SOLUTIONS PUBLIC POLICY & SUSTAINABILITY KKR GLOBAL INSTITUTE CAPSTONE KKR CAPITAL MARKETS GLOBAL MACRO ASSET ALLOCATION KKR ADVISORS

• 15. 15 Diversified & Fast-Growing Management Fee Profile +25% CAGR Core PE Growth Equity Real Estate Infrastructure Alternative Credit Leveraged Credit Traditional PE Distinct strategies in Americas, Europe and Asia Other(1) Note: See Appendix endnotes for footnote references. Annualized 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2Q'25

• 16. 16 Health Care Growth Global Impact Customized Portfolio Solutions Asia Infrastructure Core Infrastructure Opportunistic Europe RE Opportunistic Asia RE Mortgage REIT Crescent Energy High Yield Junior Capital Strategic Investments Technology Growth Core PE Opportunistic Americas RE Japanese REIT (KJRM) Bank Loans Asset-Based Finance Global Direct Lending North America PE Europe PE Asia PE Global Infrastructure CLOs Public BDC Private Equity Middle Market PE Real Assets Core+ Real Estate Americas Core+ Real Estate Europe Core+ Real Estate Asia Opportunistic RE Credit / CMBS Stabilized RE Credit Climate Credit Asia Private Credit Asia Leveraged Credit Private Wealth Private Equity Credit Infrastructure Real Estate Capital Group Public-Private Solutions Lifecycle Of Our Products Note: Excludes Global Atlantic and Liquid Strategies (Hedge Funds). Developing Product Buildout Maturing Building Scale Scaled Scale Benefits Early Platform Formation

• 17. 17 Health Care Growth Global Impact Customized Portfolio Solutions Asia Infrastructure Core Infrastructure Opportunistic Europe RE Opportunistic Asia RE Mortgage REIT Crescent Energy High Yield Junior Capital Strategic Investments Technology Growth Core PE Opportunistic Americas RE Japanese REIT (KJRM) Bank Loans Asset-Based Finance Global Direct Lending North America PE Europe PE Asia PE Global Infrastructure CLOs Public BDC Private Equity Middle Market PE Real Assets Core+ Real Estate Americas Core+ Real Estate Europe Core+ Real Estate Asia Opportunistic RE Credit / CMBS Stabilized RE Credit Climate Credit Asia Private Credit Asia Leveraged Credit Private Wealth Private Equity Credit Infrastructure Real Estate Capital Group Public-Private Solutions Lifecycle Of Our Products Developing Product Buildout Maturing Building Scale Scaled Scale Benefits Early Platform Formation Note: Excludes Global Atlantic and Liquid Strategies (Hedge Funds). 50%+ of AUM is not yet scaled 80%+ of our strategies are not yet scaled

• 18. 18 New Capital Raised 30+ Strategies Targeted To Raise Capital In The Next 12-18 Months $63 $51 $34 $29 $10 $28 $108 $109 2Q'24 LTM 2Q'25 LTM Private Equity Real Assets Credit & Liquid Strategies ($ in billions) Note: This is not a definitive list and there is no certainty that KKR will raise capital as contemplated for all of the listed strategies. These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for additional details, important information regarding estimates and assumptions and cautionary factors about forward-looking statements. Private Equity • North America Private Equity • Asia Private Equity • Technology Growth • Customized Portfolio Solutions • Health Care Growth • K-Series: Private Equity Real Assets • Global Infrastructure • Core Infrastructure • Global Climate Transition • Asia Infrastructure • K-Series: Infrastructure • Opportunistic Americas RE • Opportunistic Europe RE • Core+ RE Americas • Core+ RE Europe • Core+ RE Asia • Opportunistic RE Credit • Stabilized RE Credit • K-Series: Real Estate Credit • Global Leveraged Credit • Global Direct Lending • Asset-Based Finance High Grade • Asia Private Credit • Asia Leveraged Credit • Capital Solutions (Opportunities) • CLOs • K-Series: Credit • Capital Group Public-Private Solutions Insurance • Reinsurance Sidecar • Reinsurance Co-Investment Opportunities Including three major flagship strategies Continued Fundraising Momentum

• 19. 19 Private Wealth Approach Positions KKR To Win Note: 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 estimates and assumptions and cautionary factors about forward-looking statements. Family Office & Ultra HNW K-Series Traditional Drawdown & Perpetual Vehicles Capital Group Partnership Growing K-Series AUM ($ in billions) $12 $26 July 1, 2024 July 1, 2025 >2x Partnership with: First Two Public-Private Fixed Income Investment Solutions Launched in April 2025 New Public-Private Equity Investment Solution Registration Statement Filed in July 2025

• 20. Insurance

• 21. 21 Overview Of Global Atlantic • Founded at Goldman Sachs in 2004 and separated as an independent company in 2013 • In February 2021, GA was initially acquired by KKR as a majority owned subsidiary • In January 2024, KKR acquired the remaining stake in Global Atlantic, increasing its ownership to 100% • Since the announcement of KKR’s original acquisition in July 2020, Global Atlantic AUM has nearly tripled Performance Highlights Scaled & Diversified Business $201 billion Assets Under Management Leader in Target Markets(1) Top 6 Fixed Annuities Top 3 Block & Flow Reinsurer Top 3 Preneed Insurance Leading Returns & Growth +23% AUM CAGR(2) $1.0 billion LTM 2Q’25 Insurance Operating Earnings Strong Financial Profile High Ratings A2 / A / A / A(3) Leading Risk & Investment Capabilities Benefit of Strategic Partnership with KKR Leading insurance company with a 20-year track record of serving the retirement & life insurance needs of individuals & institutions Note: Past performance is no guarantee of future results. See Appendix for endnotes for footnote references and important information regarding these performance highlights.

• 22. 22 Two Complementary Channels Note: Includesselect distribution partners and recent reinsurance transaction clients. See Appendix for endnotesfor footnote references and important information regarding these performance highlights. Individual Markets Institutional Markets Fixed & Indexed Annuities Preneed Insurance Annuity and Life Insurance Products for Individuals Reinsurance for Insurance Companies Block Funding Agreements Flow Pension Risk Transfer (PRT) Top 3 30+ $14.4 billion 58%(3) Life & Annuity Block Reinsurer(1) Reinsurance Clients 2Q’25 LTM New Business Volumes Global Atlantic Reserves Top 6 210+ $14.3 billion 42% Fixed Annuity Carrier(1) Distribution Partners(2) 2Q’25 LTM New Business Volumes Global Atlantic Reserves Key Distribution Partners Recent Clients One of the Top 5 Largest U.S. Banks

• 23. 23 Global Atlantic Has Multiple Ways To Grow Note: These statements are estimated based on various assumptions, and there is no guarantee that our expectations will be realized as presented. See Appendix for endnotes for footnote references and important information regarding estimates and assumptions and cautionary factors about forward-looking statements. Global Atlantic has a clear path to doubling assets Maintain Top 3 or 5 in Franchise Businesses Invest in Emerging Opportunities Improve Positioning in Maturing Businesses c a b $72bn $201bn KKR Announcement (July 8, 2020) • U.S. Life & Annuity Blocks • Fixed Annuities, Fixed Indexed Annuities • Bank & Broker Dealer Channel • Preneed Insurance • Flow Reinsurance • Pension Risk Transfer (PRT) Reinsurance • Independent Channel • Registered Indexed Linked Annuities • Direct PRT • Funding Agreement Backed Notes • International Life & Annuity Blocks • International Flow Reinsurance • GA-KKR Wealth Product & Distribution • Retirement group annuity products (1) d Fundraising: Insurance as an Asset Class 2Q’25

• 24. 24 2000 2010 2020 2000 2010 2020 Invest In Emerging Opportunities – Japan Insurance Landscape – Parallels Between the U.S. and Japan ~$4 trillion Addressable market Aging population (~17% of population age 65+) ~$3 trillion Addressable market Already aged population (~30% of population age 65+) Size of L&A Reserves(1) Growing Demand for Retirement/Savings Products(2) Depressed Valuations Driving Need for Risk and Capital Management(4) Macroeconomic Headwinds(3) Multi-decade declining rates United States Japan Similar markets and products create opportunity for GA and KKR to be a solutions provider via asset management and reinsurance Sustained low-rate environment & limited local asset origination Life insurance company ROEs (7-15%) Shareholders seeking return of capital Shift to “capital light” business model Low ROEs (0-8%) Shareholders seeking return of capital Upcoming regulatory capital changes ~1.3% 10yr JGB ~4.2% 10yr UST Note: See Appendix endnotes forsources.

• 25. 25 Multiplier Effect: Scaling GA And Asset Management In Tandem Note: See Appendix endnotes for footnote references. $17 $41 2018 - 2020 (Pre-Acquisition) 2021 - 2Q'25 (Post-Acquisition) KKR Helps Scale GA Originations… …And GA Helps Scale KKR Existing Platforms… ($ in billions) Average Annual Asset Originations(1) KKR AUM of Asset Classes Well-Suited for Insurance Companies ($ in billions) $75 $44 $18 $45 $28 $163 1Q'20 2Q'25 Asset-Based Finance Real Estate Credit Direct Lending >2x 6x …And Third Party Insurance Capital $26 $76 1Q'20 2Q'25 ($ in billions) 3x Third Party Insurance AUM (2)

• 26. Strategic Holdings

• 27. 27 An Observation: The Asset Management Industry Note: Market capitalization as of July 25, 2025. Asset Managers inclusive of 3i Group, Aberdeen, Affiliated Managers Group, Allfunds, AllianceBernstein, Amundi, Apollo, Ares, BlackRock, Blackstone, Blue Owl, Bridgepoint Group, Brookfield Asset Management, Brookfield Corporation, Carlyle, CVC, EQT Partners, Eurazeo, Franklin Resources, Invesco, Janus Henderson, KKR, Legal & General, Onex Corporation, Partners Group, Schroders, T. Rowe Price, Tikehau Capital and TPG. Market Capitalization ($ in billions) Publicly Listed Asset Managers Globally $1,044 $1,309

• 28. 28 What Is Core PE? Strategic Holdings currently consists of KKR’s direct interest in our Core Private Equity strategy Key Characteristics of a Core Private Equity Business High-Quality Management Long Duration Cash Generative Less Cyclical More Limited External Exposures Lower Leverage Over Hold Period More Limited Disruptors Control

• 29. 29 We Have Built An Attractive, Diversified Strategy Note: See Appendix for endnotesfor footnote references and important information about the core private equity strategy. (2) Industry Diversification(1) Business Services 36% Consumer 28% Health Care 14% TMT 13% Infrastructure 9%

• 30. Appendix I

• 31. 31 Our Earnings Framework Fee Related Earnings Insurance Operating Earnings Strategic Holdings Operating Earnings Net Realized Performance Income Interest Expense, Net & Other Income Taxes on Adj. Earnings Adjusted Net Income Net Realized Investment Income Total Investing Earnings Expected to be More Stable & Recurring Net of Compensation Net of Compensation Total Operating Earnings Driven by Monetizations & Performance Net of Compensation and Operating Expenses

• 32. 32 Second Quarter 2025 Segment Earnings Note: See Appendix for GAAP reconciliations and other important information.

• 33. Appendix II

• 34. 34 Important Information – Endnotes Notes to Page 3 – KKR Overview • KKR offices excludes offices that are not part of KKR’s asset management business, including Global Atlantic and KJRM. • KKR employees includes Asset Management and certain Subsidiary Organizationssuch as KJRM. Notes to Page 5 – Evolution And Growth Of Our Business (1) Represents 1Q’20 Global Atlantic Adjusted Invested Assets. (2) Includes the Karo Healthcare transaction announced in April 2025, which is subject to customary closing conditions and regulatory approvals and is expected to close in the coming months. Note to Page 12 – Scaled And Diversified Assets Under Management (1) Includes $1.4 billion of unallocated commitments from a strategic investment partnership within Real Assets. Notes to Page 13 – Strong, Broad-Based Investment Performance • Traditional private equity portfolio refers to the portfolio of investments held by all of KKR’s private equity flagship funds. This portfolio does not include investments from KKR’s growth equity or core private equity funds. • Opportunistic real estate portfolio refers to the portfolio of investments held by KKR’s flagship opportunistic real estate equity funds. This portfolio does not include investments from KKR's core plus real estate funds or real estate credit funds. • Infrastructure portfolio refers to the portfolio of investments held by KKR’s flagship core plus infrastructure funds. This portfolio does not include investments from KKR’s core infrastructure fund, KKR Diversified Core Infrastructure or the Global Climate fund. • The leveraged credit composite refers to the composite of certain investment portfolios made in KKR’s collateralized loan obligations and U.S. and European leveraged credit strategies including leveraged loans and high-yield bonds. • The alternative credit composite refers to the composite of certain investment portfolios made in KKR's private credit strategy, including direct lending (including our business development companies), asset-based finance and junior capital, and in the Strategic Investments Group ("SIG") strategy. Funds and separately managed accountsin liquidation or discontinued strategies are excluded. • For a list of our carry paying funds, see the Investment Vehicle Summary on pages 23 to 25 of our 2Q’25 Earnings Release. See also “Important Information – Other Legal Disclosures” regarding past performance and investment returns. Note to Page 15 – Diversified & Fast-Growing Management Fee Profile (1) “Other” largely includes Liquid Strategies and Energy amongst othersmaller strategies. Notes to Page 21 – Overview Of Global Atlantic (1) Fixed annuity ranking based on sales data as reported by LIMRA for the three months ended March 31, 2025. Global Atlantic estimates that it was ranked as a Top 3 Block reinsurer, based on publicly available data and company announcements as of March 31, 2025. Global Atlantic was a top three preneed insurer based on direct statutory premium as of December 31, 2024. (2) At the time of KKR’s acquisition announcement of Global Atlantic on July 8, 2020, Global Atlantic’s Adjusted Invested Assets were $73 billion, or the quarter-end figure at 2Q’20. However, this figure was not yet known at the time of announcement. The AUM CAGR is calculated based on this 2Q’20 Adjusted Invested Assets figure of $73 billion at announcement while the bar shows the latest available figure at the time (1Q'20) of $72 billion. (3) Represents Financial Strength Ratings of Global Atlantic’s insurance subsidiaries (not credit ratings of any product or security), as of July 25, 2025. Moody’s (Stable Outlook) / S&P (Stable Outlook) / Fitch (Stable Outlook)/ AM Best (Stable Outlook). Notes to Page 22 – Two Complementary Channels (1) Fixed annuity ranking based on sales data as reported by LIMRA for the three months ended March 31, 2025. Global Atlantic estimates that it was ranked as a Top 3 Block reinsurer, based on publicly available data and company announcements as of March 31, 2025. (2) Distribution Partners only includes banks and broker-dealers. (3) Includes Closed Block & Other which represents ~1% of reserves, and related to closed block of participating whole life policiesthat have been ceded to a third party. Note to Page 23 – Global Atlantic Has Multiple Ways To Grow (1) Represents 1Q’20 Global Atlantic Adjusted Invested Assets. Notes to Page 24 – Invest In Emerging Opportunities – Japan (1) Size of L&A Reserves: US: Represents total general account reserves of U.S. life insurers as of YE 2024, sourced via S&P Market Intelligence. Japan: Life and Annuities Market as of YE 2023, sourced via Life Insurance Association of Japan. (2) Growing Demand for Retirement/Savings Products: U.S.: Sourced via World Bank Organization as of YE 2023. Japan: Sourced via World Bank Organization as of YE 2023. (3) Macroeconomic Headwinds: U.S.: Represents the 10yr UST. Japan: Represents the 10yr Japanese Government Bond yield. (4) Depressed Valuations Driving Need for Risk and Capital Management: U.S.: Represents average ROE across U.S. life insurers over last two years. Japan: Represents average ROE across major Japanese life insurers over last two years. Notes to Page 25 – Multiplier Effect: Scaling GA And Asset Management In Tandem (1) Includes investment grade, publicly traded corporate bonds, as well as KKR Capital Invested for Global Atlantic, and KKR and third party supported origination. (2) 2Q’25 represents an annualized figure.

• 35. 35 Important Information – Endnotes (cont’d) Notes to Page 29 – We Have Built An Attractive, Diversified Strategy (1) Data represented calculated by 1Q’25 LTM adjusted EBITDA (KKR’s Share) as of June 30, 2025. (2) The Karo Healthcare transaction was announced in April 2025 and is subject to customary closing conditions and regulatory approvals and is expected to close in the coming months. • The adjusted revenue and adjusted EBITDA information represents the measures management currently uses to monitor the operating performance of the businesses. • LTM Adjusted EBITDA is shown based on the geographic location of the businesses' headquarters. • LTM Adjusted Revenue and EBITDA represents KKR’s look-through ownership percentage for each of these companies in the aggregate as a result of the firm’s investments in these companies through its participation in our core private equity strategy multiplied by the revenue and EBITDA of each portfolio company, respectively. Non-U.S. dollar businesses have been converted at the period-ending foreign exchange rate.

• 36. 36 Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (1) Amountsrepresent the portion allocable to KKR. ($ in thousands) FY'19 2Q'24 2Q'25 2Q'24 LTM 2Q'25 LTM Net Income (Loss) - KKR Common Stockholders $ 1,971,685 $ 667,926 $ 472,387 $ 3,863,447 $ 2,012,568 Preferred Stock Dividends 33,364 — 37,736 17,248 37,736 Net Income (Loss) Attributable to Noncontrolling Interests 2,634,491 325,310 844,341 2,177,731 2,807,609 Income Tax Expense (Benefit) 528,750 216,969 174,304 1,209,991 729,099 Income (Loss) Before Tax (GAAP) $ 5,168,290 $ 1,210,205 $ 1,528,768 $ 7,268,417 $ 5,587,012 Impact of Consolidation and Other (1,015,559) (151,775) (879,614) (1,749,030) (2,822,458) Equity-based Compensation - KKR Holdings 91,296 — — — — Preferred Stock Dividends (33,364) — (37,736) — (37,736) Income Taxes on Adjusted Earnings (207,479) (238,244) (277,062) (873,393) (1,071,904) Asset Management Adjustments: Unrealized (Gains) Losses (1,409,605) (76,175) 257,754 (1,203,293) 438,554 Unrealized Carried Interest (1,263,046) (190,143) (429,906) (2,155,779) (2,043,860) Unrealized Carried Interest Compensation 520,033 153,003 343,769 1,424,022 1,585,042 Transaction-related and Non-operating Items — 1,308 10,765 80,789 80,342 Equity-based Compensation 201,095 66,535 63,750 266,892 281,133 Equity-based Compensation - Performance based 6,694 83,050 86,512 304,649 339,719 Strategic Holdings Adjustments: Unrealized (Gains) Losses (445,262) (344,709) (64,304) (865,876) (926,164) Insurance Adjustments (1): (Gains) Losses from Investments(1) — 312,614 290,084 666,890 2,554,841 Non-operating Changes in Policy Liabilities and Derivatives(1) — 106,465 140,458 245,303 343,678 Transaction-related and Non-operating Items(1) — — 2,042 4,148 22,809 Equity-based and Other Compensation(1) — 35,323 23,371 75,677 114,473 Amortization of Acquired Intangibles(1) — 4,412 4,699 14,411 18,509 Adjusted Net Income $ 1,613,093 $ 971,869 $ 1,063,350 $ 3,503,827 $ 4,463,990 Interest Expense, Net 217,046 77,101 53,020 298,230 280,002 Preferred Stock Dividends — — 37,736 — 51,213 Net Income Attributable to Noncontrolling Interests 4,907 2,851 2,851 18,980 17,621 Income Taxes on Adjusted Earnings 207,479 238,244 277,062 873,393 1,071,904 Total Segment Earnings $ 2,042,525 $ 1,290,065 $ 1,434,019 $ 4,694,430 $ 5,884,730 Net Realized Performance Income (384,875) (122,839) (109,314) (486,148) (605,254) Net Realized Investment Income (577,388) (117,764) (130,898) (507,788) (626,018) Total Operating Earnings $ 1,080,262 $ 1,049,462 $ 1,193,807 $ 3,700,494 $ 4,653,458 Strategic Holdings Operating Earnings — (40,852) (29,121) (76,103) (75,246) Insurance Operating Earnings — (253,213) (277,932) (967,354) (1,025,197) Fee Related Earnings $ 1,080,262 $ 755,397 $ 886,754 $ 2,657,037 $ 3,553,015

• 37. 37 Reconciliation of GAAP to Non-GAAP Shares (Unaudited) (1) Excludes the potential dilutive impact of: (i) any conversion of the Series D Mandatory Convertible Preferred Stock (expected no later than March 1, 2028) and (ii) unvested shares of common stock and exchangeable securities. 2Q'24 2Q'25 2Q'24 YTD 2Q'25 YTD Weighted Average GAAP Shares of Common Stock Outstanding - Basic 887,394,513 890,716,083 886,200,169 889,488,212 Adjustments: Weighted Average Exchangeable Securities 7,009,382 9,569,812 6,374,499 8,777,982 Weighted Average Adjusted Shares(1) 894,403,895 900,285,895 892,574,668 898,266,194

• 38. 38 Non-GAAP and Segment Definitions The key non-GAAP and other operating and performance measures that follow are used by management in making operational and resource deployment decisions as well as in assessing the performance of KKR's business. They include certain financial measures that are calculated and presented using methodologies other than in accordance with U.S. generally accepted accounting principles (“GAAP”). These non-GAAP measures, including adjusted net income (“ANI”), total segment earnings, total investing earnings, total operating earnings (“TOE”), fee related earnings (“FRE”), strategic holdings operating earnings, and total asset management segment revenues, are presented prior to giving effect to the allocation of income (loss) among KKR & Co. Inc. and holders of certain securities exchangeable into shares of common stock of KKR & Co. Inc. and, as such, represent the entire KKR business in total. In addition, these non-GAAP measures are presented without giving effect to the consolidation of the investment vehicles and collateralized financing entities (“CFEs”) that KKR manages. These measures described above have the definitions given to them below. We believe that providing these non-GAAP measures on a supplemental basis to our GAAP results is helpful to stockholders in assessing the overall performance of KKR's business. These non-GAAP measures should not be considered as a substitute for financial measures calculated in accordance with GAAP. “Nonoperating adjustments” as used in these non-GAAP definitions refers to adjustments made which are not adjustments or exclusions of normal, recurring cash operating expenses necessary for business operations. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP, where applicable, are included under the “Reconciliation of GAAP to Non-GAAP Measures"section of this Appendix. We also caution readers that these non-GAAP measures may differ from the calculations made by other investment managers, and as a result, may not be directly comparable to similarly titled measures presented by other investment managers. • Adjusted Net Income is a performance measure of KKR’s earnings, which is derived from KKR’s reported segment results. ANI is used to assess the performance of KKR’s business operations and measures the earnings potentially available for distribution to its equity holders or reinvestment into its business. ANI is equal to Total Segment Earnings less Interest Expense, Net and Other and Income Taxes on Adjusted Earnings. Interest Expense, Net and Other includes (i) interest expense on debt obligations not attributable to any particular segment and (ii) cumulative dividend expense on the Series D Mandatory Convertible Preferred Stock, net of interest income earned on cash and short-term investments. Income Taxes on Adjusted Earnings represents the (i) amount of income taxes that would be paid assuming that all pre-tax Asset Management and Strategic Holdings segment earnings were allocated to KKR & Co. Inc. and taxed at the same effective rate, which assumes that all securities exchangeable into shares of common stock of KKR & Co. Inc. were exchanged and (ii) amount of income taxes on Insurance Operating Earnings. Income taxes on Insurance Operating Earnings represent the total current and deferred tax expense or benefit on income before taxes adjusted to eliminate the impact of the tax expense or benefit associated with the non-operating adjustments. Equity based compensation expense is excluded from ANI, because (i) KKR believes that the cost of equity awards granted to employees does not contribute to the earnings potentially available for distributions to its equity holders or reinvestment into its business and (ii) excluding this expense makes KKR’s reporting metric more comparable to the corresponding metric presented by other publicly traded companies in KKR’s industry, which KKR believes enhances an investor’s ability to compare KKR’s performance to these other companies. Income Taxes on Adjusted Earnings includes the benefit of tax deductions arising from equitybased compensation, which reduces Income Taxes on Adjusted Earnings during the period. If tax deductions from equity-based compensation were to be excluded from Income Taxes on Adjusted Earnings, KKR’s ANI would be lower and KKR’s effective tax rate would appear to be higher, even though a lower amount of income taxes would have actually been paid or payable during the period. KKR separately discloses the amount of tax deduction from equity-based compensation for the period reported and the effect of its inclusion in ANI for the period. KKR makes these adjustments when calculating ANI in order to more accurately reflect the net realized earnings that are expected to be or become available for distribution to KKR’s equity holders or reinvestment into KKR’s business. However, ANI does not represent and is not used to calculate actual dividends under KKR’s dividend policy, which is a fixed amount per period, and ANI should not be viewed as a measure of KKR’s liquidity. • Total Segment Earnings is a performance measure that KKR believes is useful to stockholders as it provides a supplemental measure of our operating performance without taking into account items that KKR does not believe arise from or relate directly to KKR's operations. Total Segment Earnings excludes: (i) equity-based compensation charges, (ii) amortization of acquired intangibles, and (iii) transaction-related and non-operating items, if any. Transaction-related and non-operating items arise from corporate actions and non-operating items, which consist of: (i) impairments, (ii) transaction costs from acquisitions, (iii) depreciation on real estate that KKR owns and occupies, (iv) contingent liabilities, net of any recoveries, and (v) other gains or charges that affect period-to-period comparability and are not reflective of KKR's ongoing operational performance. 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 our Asset Management segment as the investment adviser for Global Atlantic insurance companies, (ii) management and performance fees earned by our Asset Management segment for acquiring and managing the companies included in our Strategic Holdings segment, and (iii) interest income and expense based on lending arrangements where our Asset Management segment borrows from our Insurance segment. All these inter-segment transactions are recorded by each segment based on the applicable governing agreements. Additionally, due to the integrated nature of our segment operations and as part of our strategic capital allocation decisions, intersegment asset transfers have and may continue to occur. In these cases in segment reporting, the assets are transferred at their fair value, and no realization is recognized at the time of transfer. Earnings are recognized upon realization events and transactions with third parties. Total Segment Earnings represents the total segment earnings of KKR’s Asset Management, Insurance and Strategic Holdings segments. • Asset Management Segment Earnings is the segment profitability measure used to make operating decisions and to assess the performance of the Asset Management segment. This measure is presented before income taxes 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 Earnings excludes the impact of: (i) unrealized gains (losses) on investments, (ii) unrealized carried interest, and (iii) unrealized carried interest compensation. Management fees earned by KKR as the adviser, manager or sponsor for its investment funds, vehicles and accounts, including its Global Atlantic insurance companies and Strategic Holdings segment, are included in Asset Management Segment Earnings.

• 39. 39 Non-GAAP and Segment Definitions (cont’d) • Insurance 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, and (iii) General, Administrative, and Other Expenses. Insurance Operating Earnings excludes the impact of: (i) investment gains (losses) which include realized gains (losses) related to asset/liability matching investment 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 Operating Earnings includes (i) realized gains and losses not related to asset/liability matching investment strategies and (ii) the investment management costs that are earned by our Asset Management segment as the investment adviser of the Global Atlantic insurance companies. • Strategic Holdings Segment Earnings is the segment profitability measure used to make operating decisions and to assess the performance of the Strategic Holdings segment. This measure is presented before income taxes and is comprised of: Dividends, Net and Net Realized Investment Income. Strategic Holdings Segment Earnings excludes the impact of unrealized gains (losses) on investments. Strategic Holdings Segment Earnings includes management fees and performance fee expenses that are earned by the Asset Managementsegment. • Fee Related Earnings is a performance measure used to assess the Asset Management segment’s generation of earnings from revenues that are measured and received on a more recurring basis as compared to KKR’s investing earnings. KKR believes this measure is useful to stockholders as it provides additional insight into the profitability of our fee generating asset management and capital markets businesses. FRE equals (i) Management Fees, including fees paid by the Insurance and Strategic Holdings segments to the Asset Management segment and fees paid by Ivy vehicles and other reinsurance vehicles, (ii) Transaction and Monitoring Fees, Net and (iii) Fee Related Performance Revenues, less (x) Fee Related Compensation, and (y) Other Operating Expenses. • Fee Related Performance Revenues refers to the realized portion of performance fees from certain AUM that has an indefinite term and for which there is no immediate requirement to return invested capital to investors upon the realization of investments. Fee related performance revenues consists of performance fees (i) expected to be received from our investment funds, vehicles and accounts on a recurring basis, and (ii) that are not dependent on a realization event involving investments held by the investment fund, vehicle or account. • Fee Related Compensation refers to the compensation expense, excluding equity-based compensation, paid from (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, and (iii) Fee Related Performance Revenues. • Other Operating Expenses represents the sum of (i) occupancy and related charges and (ii) other operating expenses. • Strategic Holdings Operating Earnings is a performance measure used to assess the firm’s earnings from companies and businesses reported through its Strategic Holdings segment. Strategic Holdings Operating Earnings currently consists of earnings derived from dividends that the firm receives from businesses acquired through the firm’s participation in our core private equity strategy. Strategic Holdings Operating Earnings currently equals dividends less management fees that are earned by our Asset Management segment. This measure is used by management to assess the Strategic Holdings segment’s generation of earnings from revenues that are measured and received on a more recurring basis than, and are not dependent on, realizationsfrom investment activities. • Total Operating Earnings is a performance measure that represents the sum of (i) FRE, (ii) Insurance Operating Earnings, and (iii) Strategic Holdings Operating Earnings. KKR believes this measure is useful to stockholders as it provides additional insight into the profitability of the most recurring forms of earnings from each of KKR’s segments as compared to investing earnings. • Total Investing Earnings is a performance measure that represents the sum of (i) Net Realized Performance Income and (ii) Net Realized Investment Income. KKR believes this measure is useful to stockholders as it provides additional insight into the earnings of KKR’s segments from the realization of investments. • Total Asset Management Segment Revenues is a performance measure that represents the realized revenues of the Asset Management segment (which excludes unrealized carried interest and unrealized gains (losses) on investments) and is the sum of (i) Management Fees, (ii) Transaction and Monitoring Fees, Net, (iii) Fee Related Performance Revenues, (iv) Realized Performance Income, and (v) Realized Investment Income. Asset Management Segment Revenues excludes Realized Investment Income earned based on the performance of businesses presented in the Strategic Holdings segment. KKR believes that this performance measure is useful to stockholders as it provides additional insight into all forms of realized revenues generated by our Asset Managementsegment. • Adjusted shares represents shares of common stock of KKR & Co. Inc. outstanding under GAAP adjusted to include certain vested securities exchangeable into shares of common stock of KKR & Co. Inc. Adjusted shares excludes the potential dilutive impact of: (i) any conversion of the Series D Mandatory Convertible Preferred Stock and (ii) unvested shares of common stock and exchangeable securities. • Perpetual capital refers to a component of AUM that has an indefinite term and for which there is no predetermined requirement to return invested capital to investors upon the realization of investments. Perpetual capital includes the AUM of our registered funds, certain unregistered vehicles, listed companies, and insurance companies, and it excludes our traditional private equity funds, similarly structured investment funds, collateralized loan obligations, hedge fund partnerships and certain other investment vehicles. Investors should not view this component of our AUM as being permanent without exception, because it can be subject to material reductions and even termination. Perpetual capital is subject to material reductions from changes in valuation and withdrawals by or payments to investors, clients and policyholders (including through elections by investors to redeem their fund investments, periodic dividends, and payment obligations under insurance policies and reinsurance agreements) as well as termination by a client of, or failure to renew, its investment management agreement with KKR.

• 40. 40 Important Information – Other Legal Disclosures Past Performance and Investment Returns Past performance is not a guarantee of future results. Information about any fund or strategy and investments made by such fund or strategy, including past performance of such fund, strategy or investment, is provided solely to illustrate KKR’s investment experience, and processes and strategies used by KKR in the past with respect to such funds or strategies. The performance information relating to KKR’s historical investments is not intended to be indicative of any fund’s or strategy’s future results or the future results of KKR. Certain funds or strategies are also relatively new and their limited historical results may not be indicative of results they will experience over a longer period of time. There can be no assurance that any KKR entity (including any KKR investment fund, vehicle or account, the KKR balance sheet, the Strategic Holdings segment, or Global Atlantic insurance company) will achieve results comparable to any results included in this presentation, or that any investments made by a KKR entity now, in the past or in the future will be profitable, or that KKR entities will find investment opportunities similar to any presented in connection with this presentation. Actual realized value of currently unrealized investments will depend on, among other factors, the value of the investments and market conditions at the time of disposition, related transaction costs, the timing and manner of sale, and many of the risks described in the forward-looking statements section of this Annex, all of which may differ from the assumptions and circumstances on which the currently unrealized valuations are based. Accordingly, the actualrealized values of unrealized investments may differ materially from the values indicated herein. Third Party Sources and Other Information Certain information presented in this presentation has been developed internally or obtained from sources believed to be reliable; however, KKR does not give any representation or warranty as to the accuracy, adequacy, timeliness or completeness of such information, and assumes no responsibility for independent verification of such information. Forward-Looking Statements This presentation contains certain forward-looking statements pertaining to KKR, including investment funds, vehicles and accounts managed by KKR and Global Atlantic. You can identify these forward-looking statements by the use of words such as “opportunity,” “outlook,” “believe,” “think,” “expect,” “feel,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” “visibility,” “positioned,” “path to,” “conviction”, the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including but, not limited to, any statements with respect to: statements regarding KKR’s business, financial condition, liquidity and results of operations, including Capital Invested, uncalled commitments, cash and short-term investments, and levels of indebtedness; the potential for future business growth; outstanding shares of common stock of KKR & Co. Inc. and its capital structure; nonGAAP and segment measures and performance metrics, including AUM, FPAUM, ANI, TOE, Book Value, Total Segment Earnings, FRE, Insurance Operating Earnings, Strategic Holdings Operating Earnings, Total Investing Earnings, and Total Segment Earnings; the declaration and payment of dividends on capital stock of KKR & Co. Inc.; the timing, manner and volume of repurchase of shares of capital stock of KKR & Co. Inc.; our statements regarding the potential of, and future financial results from, KKR’s Strategic Holdings segment (including expectations about dividend payments from companies and businesses in the Strategic Holdings segment in the future, the future growth of such companies and businesses, the potential for compounding earnings over a long period of time from such segment, and the belief that such segment is an unconstrained business line); KKR’s ability to grow its AUM, to deploy capital, to realize unrealized investment appreciation, and the time period over which such events may occur; KKR’s ability to manage the investments in and operations of acquired companies and businesses; the effects of any transactional activity on KKR’s operating results, including pending sales of investments; expansion and growth opportunities and other synergies resulting from acquisitions of companies (including the acquisition and integration of Global Atlantic and businesses in our Strategic Holdings segment), internal reorganizations or strategic partnerships with third parties; the timing and expected impact to our business of any new investment fund, vehicle or product launches; the timing and completion of certain transactions contemplated by the Reorganization Agreement entered into on October 8, 2021 by KKR & Co. Inc. pursuant to which the parties agreed to undertake a series of integrated transactions to effect a number of transformative structural and governance changes in the future; the implementation or execution of, or results from, any strategic initiatives (including efforts to access private wealth investors and the modification of our compensation framework announced on November 29, 2023, which decreased the targeted percentage of compensation from fee related revenues and increased the targeted percentage from realized carried interest and incentive fees). Expected dividend amounts and investment returns in the business segment Strategic Holdings may be materially less than our current expectations or not materialize at all, and the volatility of employee compensation as a result of the modification of our compensation framework could impact our ability to hire, retain, and motivate our employees whom we are dependent on. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. The use of words such as “unconstrained,” “consistent,” "trends," "dominant" or comparable words or other statements is not a guarantee of future performance or that any other statements to which these apply are guaranteed to occur. If a change occurs, forward-looking statements made as part of this presentation may vary materially from those expressed in the applicable forward-looking statements. These forward-looking statements include target, goal, hypothetical or estimated results, projections and other comparable phrases and concepts are hypothetical in nature and are shown for illustrative, informational purposes only. Except as otherwise specifically stated, this information is not intended to forecast or predict future events, but rather to show the hypothetical estimates calculated using the specific assumptions presented herein. It does not reflect any actual results, which may differ materially. Certain of the forward-looking information has been made for illustrative purposes and may not materialize. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in calculating the target, goal, hypothetical or estimated results have been stated or fully considered. Changes in the assumptions may have a material impact on the target, goal, hypothetical or estimated results presented. Target, goal, hypothetical or estimated results or projections may not materialize.

• 41. 41 Important Information – Other Legal Disclosures (cont’d) Forward-Looking Statements(cont’d) These statements are subject to numerous risks, uncertainties and assumptions, including those listed here in the above and below paragraphs and described under the section entitled “Risk Factors” in KKR & Co. Inc.’s Annual Report on Form 10‐K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as being exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation and in KKR & Co. Inc.’s filings with the SEC. All forward-looking statements speak only as of the date of this presentation. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. Without limiting the statements made in the prior paragraphs, the following risks, among others, could cause actual results to vary from the forward-looking statements: • risks related to our business, including: future business growth and various assumptions about the ability to capitalize on growth opportunities and future business performance, the assumptions and estimates used in any forward-looking statements made herein, including relating to New Capital Raised, Assets Under Management, Fee Related Earnings per share, Total Operating Earnings per share, Adjusted Net Income per share, Strategic Holdings Operating Earnings, the timing and amounts generated by the monetization of investments held by KKR or its investment vehicles, difficult market and economic conditions; geopolitical developments and other local and global events, including uncertainties resulting from changes to U.S. and global tariff policies and escalating trade tensions; disruptions caused by natural disasters and catastrophes; our liquidity requirements and sources of liquidity; assets we refer to as “perpetual capital” being subject to material reduction; high variability in earnings and cash flow; “clawback” provisions in our governing agreements; inability to raise additional or successor funds successfully; increasing focus by stakeholders on sustainability matters; intense competition in the investment management and insurance industries; changes in relevant tax laws, regulations and treaties or adverse interpretations by tax authorities; recruiting, retaining and motivating our employees and other key personnel; our reliance on third-party service providers; cybersecurity failures and data security breaches; the unpredictable impact of artificial intelligence, rapidly developing and changing global privacy laws; expansion into new investment strategies, geographic markets, businesses and types of investors; failure to manage existing balance sheet commitments; extensive regulation of our businesses (including compliance with applicable laws); litigation and negative publicity; ineffective risk management activities; • risks related to our investment activities, including risks involving: historical returns not being indicative of future results; valuation methodologies for establishing the fair value of certain assets can be subjective; the impact on valuations by market and economic conditions; changes in debt or equity markets; dependence on significant leverage in our investments; exposures to, and investments in, leveraged companies or companies experiencing financial or business difficulties; concentration of investments by type of issuer, geographic region, asset types, or otherwise; investments in relatively illiquid assets; investments in real assets; investments in emerging and less established companies; investments in companies that are based outside of the United States; and investors in certain of our investment vehicles are entitled to redeem their investments in these vehicles on a periodic basis; • risks related to our insurance activities, including risks involving: possibility of not achieving the intended benefit of the Global Atlantic acquisitions (including a failure to realize anticipated benefits within the expected timeframes or a failure to integrate into our operations and management systems and controls); volatile market and economic conditions including sustained periods of low or high interest rates; difference between policyholder behavior estimates, reserve assumptions and actual claims experience; estimates used in preparation of financial statements and models for insurance products; our ability to execute Global Atlantic's growth strategies successfully; Global Atlantic’s actual or perceived financial strength and ratings of Global Atlantic and its subsidiaries; business Global Atlantic reinsures and business it cedes to reinsurers; changes in accounting standards applicable to insurance companies; volatility in our insurance business’s net income under GAAP; reinsurance assets held in trust, which limit Global Atlantic’s ability to invest those assets; determination of the amount of impairments and allowances for credit losses; triggering a recapture event under reinsurance agreements where Global Atlantic's clients may recapture some or all of the assumed business; liquidity risks from Global Atlantic’s membership in Federal Home Loan Banks and repurchase and reverse repurchase transactions that subject Global Atlantic to liquidity risks; changes in relevant tax laws, regulations or treaties; regulations, including those related to capital requirements, that apply to Global Atlantic; Bermuda insurance subsidiaries possibly being subject to additional licensing requirements; and not being able to mitigate the reserve strain associated with statutory accounting rules; and • risks related to our organizational structure, including risks involving: our status as a controlled company; declining common stock price due to the large number of shares eligible for future sale and issuable as grants or in acquisitions; ability to issue preferred stock may cause the price of our common stock to decline; our right to repurchase all outstanding shares of common stock under specified circumstances; limitations on our ability to pay periodic dividends; our obligations to make payments to our principals pursuant to a tax receivable agreement; potential application of restrictions under the Investment Company Act of 1940; and reorganizations undertaken by us.

• 42. 42 Important Information – Other Legal Disclosures (cont’d) Website From time to time, KKR may use its website as a channel of distribution of material company information. Financial and other important information regarding KKR is routinely posted and accessible on the Investor Center for KKR & Co. Inc. at https://ir.kkr.com/. Information on these websites are not incorporated by reference herein and are not a part of this presentation. In addition, you may automatically receive email alerts and other information about KKR by enrolling your email address at the “Email Alerts” area of the Investor Center on the website. KKR Entities Any discussion of specific KKR entities other than KKR & Co. Inc. is provided solely to demonstrate such entities’ role within the KKR organization and their contributions to the business, operations and financial results of KKR & Co. Inc. Each KKR entity is responsible for its own financial, contractual and legal obligations. Nothing in this presentation is intended to constitute, and shall not be construed as constituting, the provision of any tax, accounting, financial, investment, insurance, regulatory, legal or other advice by KKR or its representatives. Without limiting the foregoing, this presentation is not and shall not be construed as an "advertisement" for purposes of the Investment Advisers Act of 1940, as amended, or an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any security, service or product of or by any KKR entity, including but not limited to any investment advice, any investment fund, vehicle or account, any capital markets service, or any insurance product, including but not limited to (i) any investment funds, vehicles or accounts sponsored, advised or managed by (or any investment advice from) Kohlberg Kravis Roberts & Co. L.P., KKR Credit Advisors (US) LLC, KKR Credit Advisors (Ireland) or other subsidiary, (ii) any capital markets services by KKR Capital Markets LLC (“KCM”) or any KCM affiliate outside the United States, or (iii) any insurance product or reinsurance offered by Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Global Atlantic Re Limited, Global Atlantic Assurance Limited or any other Global Atlantic owned or sponsored insurance company, or any investment or insurance product or reinsurance offered by any insurance-related vehicle sponsored or managed by Global Atlantic. Each KKR entity is responsible for its own financial, contractual and legal obligations. This presentation has been prepared solely for informational purposes. This presentation is not intended to make, and does not make, any financial or investment recommendation or otherwise promote a product or service of KCM or any of its affiliates.