Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 231

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 8
Chunk 231
---
 in the following valuation hierarchy:June 30, 2025Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Fair Value Based on NAV Practical ExpedientTotal Fair ValueFixed maturitiesU.S. treasury bonds$43,911 $— $— $— $43,911 U.S. agency bonds – mortgage-backed— 22,467 — — 22,467 Non-U.S. government bonds— 53,976 — — 53,976 Collateralized loan obligations— 68,686 — — 68,686 Corporate bonds— 16,761 — — 16,761 Equity securities— — 11,191 — 11,191 Other investments— — 127,728 34,377 162,105 Total investments$43,911 $161,890 $138,919 $34,377 $379,097 As a percentage of total assets3.8%14.0%12.0%3.0%32.8%Underwriting-related derivative liability$— $— $3,984 $— $3,984 December 31, 2024Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Fair Value Based on NAV Practical ExpedientTotal Fair ValueThe Company utilizes the Pricing Service to assist in determining the fair value of its investments; however, management is ultimately responsible for all fair values presented in the Company’s consolidated financial statements. This includes responsibility for monitoring the fair value process, ensuring objective and reliable valuation practices, and pricing of assets and liabilities and use of pricing sources. The Company analyzes and reviews the information and prices received from the Pricing Service to ensure that the prices provided represent a reasonable estimate of fair value.The Pricing Service was utilized to estimate fair value measurements for 100.0% of our fixed maturities at June 30, 2025. The Pricing Service utilizes market quotations for fixed maturity securities that have quoted market prices in active markets. Since fixed maturities other than U.S. treasury bonds generally do not trade actively on a daily basis, the Pricing Service prepares estimates of fair value measurements using relevant market data, benchmark curves