Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 4

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 4
---
 for expected credit losses215 — Foreign exchange and other losses5,009 — Changes in assets – (increase) decrease:Reinsurance balances receivable, net93 — Reinsurance recoverable on unpaid losses(3,586)— Accrued investment income(801)— Funds withheld receivable(668)— Other assets(27)1,968 Changes in liabilities – increase (decrease):Reserve for loss and loss adjustment expenses(25,090)— Unearned premiums(1,327)— Accrued expenses and other liabilities8,452 (1,644)Net cash used in continuing operations(19,553)(566)Net cash used in discontinued operations(1,185)— Net cash used in operating activities(20,738)(566)Cash flows from investing activities:Purchases of fixed maturities (23,889)— Purchases of other investments(1,380)— Purchases of equity method investments(490)— Proceeds from sales of fixed maturities 7,312 — Proceeds from maturities, paydowns and calls of fixed maturities26,670 — Proceeds from sale and redemption of other investments141 — Proceeds from sale and redemption of equity method investments163 — Cash acquired from purchase of business 79,807 — Others, net(1)— Net cash provided by (used in) investing activities88,333 — Cash flows from financing activities:Dividends paid – Kestrel equityholders(40,000)— Net cash used in financing activities(40,000)— Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents 661 — Net increase (decrease) in cash, restricted cash and cash equivalents28,256 (566)Cash, restricted cash and cash equivalents, beginning of period4,286 5,553 Cash, restricted cash and cash equivalents, end of period32,542 4,987 Less: change in cash and cash equivalents held for sale(1,126)— Cash, restricted cash and cash equivalents, end of period, excluding held-for-sale$33,668 $4,987 Reconciliation of cash and restricted cash reported within Condensed Consolidated Balance Sheets:Cash and cash equivalents, end of period$18,951 $4,987 Restricted cash and cash equivalents, end of period14,717 —