What strategies boosted KKR's earnings in 2024?

KKR's earnings in 2024 were boosted by several strategic initiatives and operational performance across its segments, particularly in the areas of:

1. **Fee-Related Earnings Growth**: Fee-related earnings per share increased by 22% year-over-year, primarily driven by strong revenue growth within the asset management segment. This growth reflects KKR's successful execution in managing assets and generating fees, which are critical components of its earnings.
2. **Insurance Operating Segment Contribution**: The insurance operating segment significantly contributed to the overall earnings growth, with a substantial increase in operating earnings reported. This performance highlights KKR's strategic expansion into insurance, which has become a key revenue generator.
3. **Private Equity Portfolio Performance**: KKR's private equity portfolio showed robust performance, with a 5% increase in the quarter and a more significant 19% increase over the last 12 months. This strong performance underscores the effectiveness of KKR's investment strategies in the private equity space.
4. **Capital Raise and Market Trust**: KKR's successful capital raise of $31 billion during the quarter signifies strong market trust and investment appeal, which is essential for fueling future earnings growth. This ability to attract and retain capital is a testament to KKR's robust investment platform and market positioning.
5. **Strategic Holdings and Future Growth Prospects**: The Strategic Holdings segment is expected to generate significant operating earnings growth, projecting over $1 billion by 2030. This long-term growth outlook highlights KKR's strategic focus on identifying and investing in high-growth areas, which is likely to yield substantial returns in the coming years.

In summary, KKR's 2024 earnings boost was primarily driven by strong fee-related earnings, effective management of its insurance segment, robust performance in its private equity portfolio, successful capital raising, and strategic growth initiatives in its holdings. These factors combined to deliver a solid earnings performance for the year.