Global Atlantic Financial Group

Co-Chief Investment Officers Brian Dillard and another senior partner oversee the general account portfolio. Dillard, a KKR Partner, manages investment strategy alongside a dedicated team in New York, Des Moines, and Indianapolis. The investment committee integrates with KKR's broader alternatives platform while maintaining independence on general account asset allocation.

KKR completed its acquisition of the remaining 37% stake in January 2024 for roughly $2.7 billion, making Global Atlantic a wholly owned subsidiary (per KKR, January 2024). The ownership structure provides permanent capital that allows Global Atlantic to pursue illiquidity premiums in private markets — a model KKR has championed since 2010 when it first targeted insurance general accounts as a capital source.

The roughly $190 billion general account (Altss estimate) spans investment-grade private credit, commercial real estate, infrastructure, renewable energy, and structured securities. Confirmed real estate holdings include the Drawbridge Realty portfolio on the West Coast and Sunbelt, Block 13 in Washington state's Spring District, and Atlantic Yards in Atlanta. The firm also originates private credit directly rather than relying solely on third-party managers.

Yes, Global Atlantic Re is based in Hamilton, Bermuda and writes reinsurance treaties that provide capital relief and risk transfer for affiliated business and third-party cedents. The Bermuda platform allows Global Atlantic to optimize regulatory capital requirements across its US and offshore insurance operations.

Global Atlantic operates more like an asset manager with captive insurance liabilities than a traditional insurer running a balance sheet. The KKR relationship means the general account portfolio is managed alongside $553 billion in KKR assets under management (per KKR Q4 2023), with shared sourcing, underwriting, and operational infrastructure — an advantage independent insurers cannot access.

The Global Atlantic Foundation and Global Atlantic Re Foundation direct charitable giving in the communities where the firm operates. The foundations focus on education, economic opportunity, and community development, consistent with the firm's presence in Des Moines, Indianapolis, New York, and Bermuda.

Global Atlantic issues fixed and fixed-indexed annuities, life insurance, and institutional reinsurance solutions. The firm grew significantly through acquisitions — buying closed blocks from Aviva USA and Forethought — and now originates new business primarily through independent distribution channels. The reinsurance platform assumes risk from other insurers seeking capital optimization.