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EQUITY BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount
For the Years Ended December 31,
 202220212020
KKR Equity Incentive Plan Awards(1)
$458,659 $272,994 $246,395 
KKR Holdings Awards(2)
119,834 160,722 80,007 
Total$578,493 $433,716 $326,402 
(1)Includes $9.0 million and $11.7 million of equity based compensation related to our insurance business for the years ended December 31, 2022 and 2021, respectively.
(2)Represents equity-based compensation expense in connection with the allocation of units of KKR Holdings, which were not dilutive to common stockholders of KKR & Co. Inc.
Schedule of Unvested Awards Granted Under Equity Incentive Plan
A summary of the status of unvested Service-Vesting Awards granted under the Equity Incentive Plans from January 1, 2022 through December 31, 2022 is presented below:
 SharesWeighted
Average Grant
Date Fair Value
Balance, January 1, 202219,307,041 $41.21 
Granted3,456,984 50.47 
Vested(6,067,099)33.61 
Forfeitures(526,862)47.92 
Balance, December 31, 202216,170,064 $45.82 
A summary of the status of unvested Market Condition Awards granted under the Equity Incentive Plans from January 1, 2022 through December 31, 2022 is presented below:
 SharesWeighted
Average Grant
Date Fair Value
Balance, January 1, 202221,370,847 $25.03 
Granted5,816,242 26.28 
Vested(325,000)26.44 
Forfeitures(663,558)24.35 
Balance, December 31, 202226,198,531 $25.30 
Summary of Significant Assumptions Used to Estimate Grant Date Fair Value
Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Market Condition Awards:

Weighted
Average		Range
Grant Date Fair Value$25.29
$19.87 - $66.80
Closing KKR share price as of valuation date$43.89
$37.93 - $76.31
Risk Free Rate1.14%
0.41% - 3.86%
Volatility30.07%
28.00% - 38.00%
Dividend Yield1.39%
0.76% - 1.53%
Expected Cost of Equity10.83%
9.13% - 11.80%
Below is a summary of the grant date fair value based on the Monte Carlo simulation valuation model and the significant assumptions used to estimate the grant date fair value of these Co-CEO Awards:
Grant Date Fair Value$48.91
Closing KKR share price as of valuation date$75.76
Risk Free Rate1.42 %
Volatility28.0 %
Dividend Yield0.77 %
Expected Cost of Equity9.36 %
Schedule of Unvested Holding Awards Granted The table below presents the activity related to book value awards for the years ended December 31, 2022 and 2021:
Years Ended
December 31, 2022December 31, 2021
Outstanding amount as of beginning of period$145,000 $— 
Pre-acquisition awards converted to book-value awards on February 1, 2021— 89,000 
Granted48,700 88,195 
Forfeited(5,527)(7,677)
Impact of change in book value on outstanding awards— 6,597 
Vested and issued(49,577)(31,115)
Outstanding amount as of end of period$138,596 $145,000