Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 2

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 2
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2,155 — Total expenses21,502 1,181 (42,225)3,980 Net (loss) income before income taxes(4,057)(429)66,066 (1,353)Less: income tax expense7 — 102 — Interest in loss of equity method investments(24)— (24)— Net (loss) income from continuing operations(4,088)(429)65,940 (1,353)Loss from discontinued operations, net of income tax(965)— (1,460)— Net (loss) income$(5,053)$(429)$64,480 $(1,353)Basic and diluted (loss) earnings from continuing operations per share attributable to Kestrel common shareholders$(0.53)$(0.16)$12.99 $(0.49)Basic and diluted loss from discontinued operations per share attributable to Kestrel common shareholders(0.12)— (0.29)— Basic and diluted (loss) earnings per share attributable to Kestrel common shareholders$(0.65)$(0.16)$12.70 $(0.49)Weighted average number of common shares - basic and diluted7,741,943 2,749,996 5,053,828 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 September 30,For the Nine Months Ended September 30,2025202420252024Net (loss) income$(5,053)$(429)$64,480 $(1,353)Other comprehensive income (loss)Net unrealized holdings gains on AFS fixed maturities239 — 717 — Net unrealized gains on held for sale fixed maturities(20)— (13)— Foreign currency translation adjustment(1,694)— (1,620)— Other comprehensive loss, before tax(1,475)— (916)— Income tax expense related to components of other comprehensive income— — — — Other comprehensive loss, after tax(1,475)— (916)— Comprehensive (loss) income$(6,528)$(429)$63,564 $(1,353