Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 231

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 231
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Note 13 — Income Taxes" included under Part 1 Item 1 "Financial Information" of the Quarterly Report on Form 10–Q for the nine months ended September 30, 2025.

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Three and Nine Months Ended September 30, 2025 and 2024 Financial Highlights

For the Three Months Ended September 30,20252024ChangeSummary Consolidated Statement of Income Data (unaudited):($ in thousands except per share data)Net loss from continuing operations$(4,088)$(429)$(3,659)Net loss from discontinued operations(965)— (965)Net loss(5,053)(429)(4,624)Basic and diluted loss per common share:Net loss attributable to common shareholders(2)(0.65)(0.16)(0.49)Gross premiums written3,760 — 3,760 Net premiums earned6,836 — 6,836 Underwriting and fee (loss) income(3)(8,020)110 (8,130)Net investment results(9)8,964 52 8,912 Non-GAAP measures:Non-GAAP operating loss(1)(15,091)(429)(14,662)Non-GAAP basic and diluted operating loss per common share(1)(1.95)(0.16)(1.79)Annualized non-GAAP operating return on average shareholders' equity(1)(40.7)%(36.3)%(4.4)For the Nine Months Ended September 30,20252024ChangeSummary Consolidated Statement of Income Data (unaudited):($ in thousands except per share data)Net income (loss) from continuing operations$65,940 $(1,353)$67,293 Loss from discontinued operations, net of income tax(1,460)— (1,460)Net income (loss)64,480 (1,353)65,833 Basic and diluted earnings (loss) per common share:Net income (loss) attributable to Kestrel common shareholders(2)12.70 (0.49)13.19 Gross premiums written4,856 — 4,856 Net premiums earned9,258 — 9,258 Underwriting and fee (loss) income(3)(1,762)467 (2,229)Net investment results(9)11,587 170 11,417 Non