Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 171

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 171
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65,940 (1) Legacy Reinsurance underwriting results only include the post-combination period of May 28, 2025 to September 30, 2025.For the Nine Months Ended September 30, 2024Legacy ReinsuranceProgram ServicesTotalFee revenue$— $2,457 $2,457 General and administrative expenses— (1,990)(1,990)Fee income$— $467 $467 Reconciliation to net lossNet investment income 170 Other general and administrative expenses(1,990)Net loss from continuing operations$(1,353)

 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 September 30, 2025 and December 31, 2024:September 30, 2025Legacy ReinsuranceProgram ServicesTotalReinsurance balances receivable, net$9,706 $— $9,706 Reinsurance recoverable on unpaid losses492,790 — 492,790 Deferred commission and other acquisition expenses— — — Loan to related party101,689 — 101,689 Intangible assets10,370 — 10,370 Restricted cash and cash equivalents and investments211,533 2,182 213,715 Funds withheld receivable11,941 — 11,941 Other assets(1)104 1,605 1,709 Total assets - reportable segments838,133 3,787 841,920 Corporate assets— — 269,365 Assets held for sale— — 19,155 Total Assets$838,133 $3,787 $1,130,440 December 31, 2024Legacy ReinsuranceProgram ServicesTotalRestricted cash and cash equivalents and investments$— $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 Services segment is entirely comprised of Program fee