Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 216

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 8
Chunk 216
---
 expense(95)Net income from continuing operations$70,028 (1) Legacy Reinsurance underwriting results only include the post-combination period of May 28, 2025 to June 30, 2025.For the Six Months Ended June 30, 2024Legacy ReinsuranceProgram ServicesTotalFee revenue$— $1,757 $1,757 General and administrative expenses— (1,400)(1,400)Fee income$— $357 $357 Reconciliation to net lossNet investment income 118 Other general and administrative expenses(1,399)Net loss from continuing operations$(924)

 20

KESTREL GROUP LTD NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except share and per share data)

3. Segment Information (continued)The following tables summarize the financial position of the Company's reportable segments including a reconciliation to the Company's consolidated total assets at June 30, 2025 and December 31, 2024:June 30, 2025Legacy ReinsuranceProgram ServicesTotalReinsurance balances receivable, net$10,397 $— $10,397 Reinsurance recoverable on unpaid losses520,520 — 520,520 Deferred commission and other acquisition expenses— — — Loan to related party107,490 — 107,490 Intangible assets11,438 — 11,438 Restricted cash and cash equivalents and investments211,378 2,530 213,908 Funds withheld receivable12,085 — 12,085 Other assets(1)383 1,323 1,706 Total assets - reportable segments873,691 3,853 877,544 Corporate assets— — 262,044 Assets held for sale— — 19,823 Total Assets$873,691 $3,853 $1,159,411 December 31, 2024Legacy ReinsuranceProgram ServicesTotalRestricted cash and cash equivalents and investments$— $4,286 $4,286 Other assets(1)— 968 968 Total assets - reportable segments— 5,254 5,254 Corporate assets— — 256 Total Assets$— $5,254 $5,510 (1) Other assets for the Program