Every 10-Q that Kestrel Group, Ltd. (KG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KG filings page.
Kestrel Group Ltd., a Bermuda‑based specialty insurance platform, reported a net loss of $8,082 thousand for the quarter and $15,513 thousand for the first half of 2026, compared with strong profitability a year earlier. Total revenues were $6,686 thousand for the quarter and $16,910 thousand year‑to‑date, as higher net premiums earned and sharply higher fee revenue were more than offset by larger general and administrative expenses, higher interest expense on senior notes, and net realized and unrealized investment losses.
The capital‑light Program Services segment generated $3,742 thousand of quarterly fee revenue and $4,001 thousand of underwriting and fee income year‑to‑date, while the Legacy Reinsurance segment recorded an underwriting loss as it continues to run off historic reinsurance portfolios. As of June 30, 2026, total assets were $919,606 thousand and shareholders’ equity was $113,960 thousand. Operating activities used $40,951 thousand of cash in the first half, partly offset by $39,154 thousand of cash provided by investing activities, leaving $26,278 thousand of cash and restricted cash on hand.
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 (KG) reported third‑quarter results following its merger with Maiden. For Q3 2025, total revenue was $17.4 million, driven by $6.8 million in net premiums earned, $1.6 million in fee revenue, and $3.5 million of net investment income, alongside $5.5 million of realized and unrealized gains. The company posted a net loss of $5.1 million (EPS −$0.65), reflecting higher operating and interest expenses.
Year‑to‑date through September 30, Kestrel recorded net income of $64.5 million (EPS $12.70), primarily due to a $73.6 million bargain purchase gain recognized in the Maiden combination. The balance sheet shows $1.13 billion in assets, $986.7 million in liabilities, and $143.8 million in shareholders’ equity, including $414.3 million of investments and $492.8 million of reinsurance recoverables. Senior notes, net, totaled $174.1 million.
Operating cash flow for the nine months was $(30.4) million, offset by $104.4 million provided by investing activities; the company also paid $40.0 million in dividends to equityholders. As of November 3, 2025, 7,741,943 common shares were outstanding; affiliated shares of 2,237,534 are treated as treasury shares for per‑share metrics.