Welcome to our dedicated page for Kestrel Group SEC filings (Ticker: KG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Kestrel Group Ltd filings document a Bermuda specialty insurance company focused on fronting services and legacy reinsurance operations. Material-event reports furnish quarterly and annual results releases, investor presentations, Program Services fee income and premium produced, net premiums earned, book value measures, and disclosures on continuing run-off activity in legacy reinsurance portfolios.
Regulatory filings also cover corporate governance and capital-related matters, including annual meeting proposals, director elections, executive compensation, restricted share awards under the 2025 Equity Incentive Plan, employment agreement terms, and changes in the independent registered public accounting firm. Other 8-K disclosures address reinsurance contract arbitration involving a Genesis Legacy Solutions subsidiary and related reserve and coverage disclosures.
Kestrel Group Ltd held its 2026 Annual General Meeting on June 10, 2026, where shareholders elected seven directors to serve until the 2027 meeting. Each director nominee received over 7.26 million votes in favor, with around 1.58 million broker non-votes recorded per nominee.
Shareholders approved a non-binding advisory resolution on executive compensation, with 6,796,163 votes for and 89,746 against. They also chose an annual schedule for future advisory votes on pay, with 7,315,165 votes favoring one year.
In addition, shareholders approved the appointment of Grant Thornton LLP as independent registered public accounting firm for the 2026 fiscal year, with 8,950,331 votes in favor. Common Shares outstanding as of the record date were 8,479,673, and 2,237,534 additional Common Shares were held as treasury shares by a wholly owned subsidiary.
NIGRO STEVEN HAROLD reported acquisition or exercise transactions in this Form 4 filing.
Kestrel Group Ltd director Steven Harold Nigro received a grant of 5,718 restricted common shares on June 10, 2026 as equity compensation under the 2025 Equity Incentive Plan. These shares vest 100% on the first anniversary of the grant date, bringing his direct holdings to 22,055 common shares.
Cohen Erik reported acquisition or exercise transactions in this Form 4 filing.
Kestrel Group Ltd director Cohen Erik received a grant of 5,718 restricted common shares on June 10, 2026. The award was made at no cash cost under the 2025 Equity Incentive Plan and will vest fully one year after the grant date, bringing his direct holdings to 8,055 shares.
Weissmann Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Kestrel Group Ltd director Jeffrey Weissmann received a grant of 5,718 restricted common shares on June 10, 2026 under the 2025 Equity Incentive Plan. These restricted shares will vest 100% on the first anniversary of the grant date, reflecting stock-based compensation rather than an open-market purchase. Following this award, Weissmann directly holds a total of 8,055 common shares.
Hotchkiss Michael reported acquisition or exercise transactions in this Form 4 filing.
Kestrel Group Ltd director Michael Hotchkiss reported receiving a grant of 5,718 restricted common shares on June 10, 2026 under the company’s 2025 Equity Incentive Plan. The grant price is shown as $0.00 because this is a compensation award, not an open-market purchase.
The filing states these restricted shares will vest 100% on the first anniversary of the grant date, aligning Hotchkiss’s incentives with long-term performance. After this award, he directly holds 8,055 common shares of Kestrel Group.
Brecher Joseph reported acquisition or exercise transactions in this Form 4 filing.
Kestrel Group Ltd director Brecher Joseph received a grant of 5,718 restricted common shares on June 10, 2026. The shares were awarded at no cash cost to him and were issued under the company’s 2025 Equity Incentive Plan.
These restricted shares will vest 100% on the first anniversary of the grant date, meaning they become fully his at that time if vesting conditions are met. After this award, he directly holds a total of 13,555 common shares of Kestrel Group Ltd.
Kestrel Group Ltd reports the outcome of an arbitration involving a reinsurance agreement written by a subsidiary. The arbitration panel declined to rescind the contract, so the coverages and their attachment points and limits remain in force.
The panel unanimously found the cedant intentionally and materially breached the agreement by changing reserving or claims administration practices without consent. Losses must be re-presented and billing, accounting, reserves and security adjusted to specified expected payout patterns, which may include repayment of part of approximately $10.8 million previously paid.
As of March 31, 2026, Kestrel had recorded $11.5 million of reserves and received $19.5 million of premiums on this contract. The panel also awarded $1.0 million in attorneys' fees to Kestrel’s subsidiary. The company is still evaluating the timing and amount of any net financial statement impact.
Kestrel Group Ltd approved a new performance-based restricted stock agreement and used it to grant fiscal 2026 equity awards to three senior executives. Each of Terry Ledbetter, Bradford Luke Ledbetter and Patrick Haveron received a performance award valued at $650,000, converted into 61,588 performance-based restricted shares under the 2025 Equity Incentive Plan.
The awards use a one-year performance period from January 1, 2026 to December 31, 2026, with the performance goal tied to EBITDA in the Program Services segment. Earned shares vest over three tranches: one‑third at Committee confirmation of goal achievement, then one‑third on each of the first and second anniversaries of that confirmation, subject to continued employment.
The agreement includes detailed treatment of forfeiture, death, disability, termination without cause, and Change in Control. In certain death, disability, termination without cause, or qualifying Change in Control scenarios, performance may be deemed achieved at the greater of target or actual performance, and unvested but earned shares may accelerate or continue vesting on a time-based schedule.
Kestrel Group Ltd reported a net loss of $7.4 million for the three months ended March 31, 2026, compared with a loss of $0.4 million a year earlier. Total revenues rose to $10.2 million, driven by $3.2 million of net premiums earned, $3.1 million of fee revenue and higher investment income.
The Legacy Reinsurance segment generated all net premiums earned, while the Program Services segment contributed fee revenue and underwriting profit. Kestrel remains in transition after its 2025 reverse acquisition of Maiden, forming a capital‑light, fee‑based insurance platform.
Total assets were $964.2 million and shareholders’ equity was $121.4 million as of March 31, 2026. Basic and diluted loss per share was $0.96, with 7,824,030 common shares outstanding and additional shares held as treasury by Maiden Reinsurance.
Kestrel Group Ltd reported first quarter 2026 results with total revenues of $10.2 million and a net loss from continuing operations of $7.0 million, or $0.90 per share. Including discontinued operations, net loss was $7.4 million, or $0.96 per share.
The Program Services segment generated fee revenue of $3.1 million, up 286.6% year-over-year, on premium produced of $94.2 million, a 303.6% increase. The Legacy Reinsurance segment reported an underwriting loss of $3.3 million, including $2.4 million of losses from AmTrust business and $0.9 million from Diversified business.
Investment activities contributed $3.9 million of income and foreign exchange and other gains added $2.2 million. General and administrative expenses were $11.7 million, with about $3.0 million described as annual or non-recurring for 2026. At March 31, 2026, book value per common share was $15.52, shareholders’ equity was $121.4 million, total assets were $964.2 million, and net operating loss carryforwards were $476.3 million.