Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 177

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 177
---
 be restrictions on disposals. There is no active market for these investments. The following table provides the cost and fair values of the equity securities held at September 30, 2025: September 30, 2025CostFair ValuePrivately held common stocks$5,135 $5,340 Privately held preferred stocks6,010 6,010 Total equity securities$11,145 $11,350 All privately held securities held at September 30, 2025 are subject to contractual sale restrictions. Each of these investments are subject to agreements that restrict the transfer, sale, and indemnification of these privately held investments indefinitely. The Company must hold these shares indefinitely unless the investee's shares are registered with the SEC and qualified by state authorities, or until an exemption from such registration and qualification requirements may become available.   Fair Value Remaining duration of restrictionsNature of contractual sale restrictionsCircumstances that could cause a lapse in restrictionsPrivately held common stocks$5,340 IndefiniteThe Purchaser must hold the restricted shares indefinitely Registration of securities with the SEC or if exemption is availablePrivately held preferred stocks6,010 IndefiniteThe Purchaser must hold the restricted shares indefinitelyRegistration of securities with the SEC or if exemption is availableTotal equity securities subject to contractual sale restrictions$11,350  

 25

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

4. Investments (continued)Equity Method InvestmentsThe equity method investments currently include real estate investments accounted for under the equity method and other investments measured at fair value. The table below shows the total value of the Company's equity method investments as of September 30, 2025 including those classified as other investments under the fair value option:September 30,2025Carrying Value% of TotalReal estate investments at equity method$32,518 30.4 %Total equity method investments accounted for under the Equity Method32,518 30.4 %Real estate investments at fair value option elected46,000 42.9 %Other equity method investments at fair value option elected28,611 26.7 %Total equity method investments with fair value option (included in Other Investments)74,611 69.6 %Total equity method investments$107,129 100.0 %The equity method investments above include limited