Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 51

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 51
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|:--|:--|:----|:--|-----:|:--|:--|
| Calendar Year Ending December 31, 2024 | ​ | ​ | ​             | ​ |    ​ | ​ | ​ | ​ | ​   | ​ |    ​ | ​ | ​ |
| Fourth Quarter                         | ​ | ​ | ​             | $ | 1.95 | ​ | ​ | ​ | ​   | $ | 1.22 | ​ | ​ |
| Third Quarter                          | ​ | ​ | ​             | $ | 2.14 | ​ | ​ | ​ | ​   | $ | 1.44 | ​ | ​ |
| Second Quarter                         | ​ | ​ | ​             | $ | 2.27 | ​ | ​ | ​ | ​   | $ | 1.90 | ​ | ​ |
| First Quarter                          | ​ | ​ | ​             | $ | 2.36 | ​ | ​ | ​ | ​   | $ | 1.19 | ​ | ​ |
| Calendar Year Ended December 31, 2023  | ​ | ​ | ​             | ​ |    ​ | ​ | ​ | ​ | ​   | ​ |    ​ | ​ | ​ |
| Fourth Quarter                         | ​ | ​ | ​             | $ | 2.55 | ​ | ​ | ​ | ​   | $ | 1.49 | ​ | ​ |
| Third Quarter                          | ​ | ​ | ​             | $ | 2.18 | ​ | ​ | ​ | ​   | $ | 1.64 | ​ | ​ |
| Second Quarter                         | ​ | ​ | ​             | $ | 2.29 | ​ | ​ | ​ | ​   | $ | 1.81 | ​ | ​ |
| First Quarter                          | ​ | ​ | ​             | $ | 2.64 | ​ | ​ | ​ | ​   | $ | 2.01 | ​ | ​ |

33

TABLE OF CONTENTS

### RISK FACTORS
In addition to the other information included in, incorporated by reference in or found in the Annexes attached to, this proxy statement/prospectus, including the matters addressed in “Cautionary Note Concerning Forward-Looking Statements,” you should carefully consider the risks described below before deciding how to vote. The combined company’s business, financial condition and results of operations are subject to various risks and uncertainties