Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 2

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 2
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64,870)1,178 (63,727)2,799 Net income (loss) before income taxes70,425 (547)70,123 (924)Less: income tax expense3 — 95 — Net income (loss) from continuing operations70,422 (547)70,028 (924)Loss from discontinued operations, net of income tax(495)— (495)— Net income (loss)$69,927 $(547)$69,533 $(924)Basic and diluted earnings (loss)  from continuing operations per share attributable to Kestrel common shareholders$15.16 $(0.20)$18.93 $(0.34)Basic and diluted loss from discontinued operations per share attributable to Kestrel common shareholders(0.11)— (0.13)— Basic and diluted earnings (loss) per share attributable to Kestrel common shareholders$15.05 $(0.20)$18.80 $(0.34) $— $— $— $— Weighted average number of common shares - basic and diluted4,635,406 2,749,996 3,692,701 2,749,996 

See accompanying notes to the unaudited Condensed Consolidated Financial Statements.

 4

KESTREL GROUP LTD

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(in thousands of U.S. dollars)

For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Net income (loss)$69,927 $(547)$69,533 $(924)Other comprehensive incomeNet unrealized holdings gains on AFS fixed maturities478 — 478 — Net unrealized gains on held for sale fixed maturities7 — 7 — Foreign currency translation adjustment74 — 74 — Other comprehensive income, before tax559 — 559 — Income tax expense related to components of other comprehensive income— — — — Other comprehensive income, after tax559 — 559 — Comprehensive income (loss)$70,486 $(547)$70,092 $(924)

See accompanying notes to the unaudited Condensed Consolidated Financial Statements.

 5

KESTREL GROUP LTD

CONDENSED CONSOLIDATED STATEMENTS OF CH