Kkr & Co. Inc. · NYSE:KKR
Kkr & — Merger or Acquisition (August 2026)
12 slides from Kkr &'s merger presentation, August 2026
Slide 1: Sale of USI Insurance Services to Aon plc
KKR & Co. Inc. Sale of USI Insurance Services to Aon plc August 2026
Slide 2: Legal Disclosures
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 A
Slide 3: Transaction Highlights
Transaction Highlights • KKR and Aon plc announced a definitive agreement under which Aon will acquire USI Insurance Services from KKR and its co-investors for $17 billion in an all-cash transaction • The transaction is expected to close in the fourth quarter of 2026 • The sale of USI, our inaugural
Slide 4: USI Value Creation
USI Value Creation KKR originally invested in USI in 2017 alongside co-investors and USI’s management and employees and increased its investment in 2020, 2023 and 2025 Adjusted Revenue Growth Adjusted EBITDA Growth 12% CAGR since 2017 13% CAGR since 2017 Nearly tripled Invested Vast majority of reve
Slide 5: KKR's Capital Allocation Framework: $3.3bn Of After-tax Proceeds
KKR’s Capital Allocation Framework: $3.3bn Of After-tax Proceeds Leverage the KKR ecosystem to maximize Our Objective is Clear recurring and durable earnings per share Our Capital Allocation Toolkit KKR Approach Strategic M&A 6 acquisitions completed since 2015 at ~8.5x LTM Adjusted Net Income Marsh
Slide 6: Strategic Holdings – An Engine Of Growth For KKR
Strategic Holdings – An Engine Of Growth For KKR Strategic Holdings Segment Overview Looking Forward Strategic Holdings represents KKR’s direct ownership in companies that we believe are durable and less cyclical and • Strategic Holdings Operating Earnings well positioned to compound value over the
Slide 7: KKR Continues To See An Acceleration In Monetization Activity
KKR Continues To See An Acceleration In Monetization Activity Recent Transaction Activity Highlights(1) Robust Monetization Activity ($ in billions) Transactions Closed in 2Q'26(2) Realized Investment Income Kokusai (2017) Final sale 20.0x cost Asia PE Realized Performance Income(5) Fee Related Perf
Slide 8: Appendix
Appendix
Slide 9: Important Information – Endnotes
Important Information – Endnotes Notes to Page 3 – Transaction Highlights Notes to Page 7 – KKR Continues To See An Acceleration In Monetization Activity (cont’d) • Negotiations about a potential sale of USI were ongoing as of June 30, 2026; however the execution of • Monetization activity is subjec
Slide 10: Important Information – Other Legal Disclosures
Important Information – Other Legal Disclosures Past Performance and Investment Returns “path to,” “conviction,” “enables,” 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
Slide 11: Important Information – Other Legal Disclosures (cont'd)
Important Information – Other Legal Disclosures (cont’d) Forward-Looking Statements (cont’d) 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 These forward-lo
Slide 12: Important Information – Other Legal Disclosures (cont'd)
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. In