KKR & Co LP (KKR) Q1 2021 Earnings Call Transcript : vimarsa

KKR & Co LP (KKR) Q1 2021 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you for standing by. Welcome to KKR's First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I'll now hand the call over to Craig Larson, Head of Investor Relations for KKR. Craig, please go ahead.
Craig Larson --
Partner and Head of Investor Relations
Thank you, operator. Good morning, everyone. Welcome to our first quarter 2021 earnings call. I'm joined this morning by Scott Nuttall, our Co-President and Co-COO; and by Rob Lewin, our CFO. We would like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our press release, which is available on the Investor Center section at kkr.com. This call will contain forward-looking statements, which do not guarantee future events or performance. Please refer to our press release and our SEC filings for cautionary factors related to these statements. Earlier this morning, we posted our earnings release presentation. You'll likely have noticed a few changes. First, recognizing this is the first quarter post the closing of the Global Atlantic acquisition. We're now reporting our results with two segments: our Asset Management segment, in addition to a new insurance segment, which reflects our approximate 60% interest in GA's financial results. In addition, given the changes we made to our compensation framework that we introduced last quarter, a number of the line items on our segment income statement have changed. We ran through this on our Q4 call as well as at Investor Day. Now to help with comparability, we posted a presentation on our website in early April with three years of recast financial information on a quarterly basis. That presentation, of course, is still available on the Investor Center section of our website and it could be helpful for you to refer to that as you consider our results compared to prior periods. And finally, we've changed the framework of the earnings release itself to make results easier to digest while improving our disclosure and transparency at the same time.

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