Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 363

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 363
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 the net DTA.

For further details on the NOL carryforwards, please see "Note 13 — Income Taxes" included under Part 1 Item 1 "Financial Information" of the Quarterly Report on Form 10–Q for the six months ended June 30, 2025.

 54

Three and Six Months Ended June 30, 2025 and 2024 Financial Highlights

For the Three Months Ended June 30,20252024ChangeSummary Consolidated Statement of Income Data (unaudited):($ in thousands except per share data)Net income from continuing operations$70,422 $(547)$70,969 Net loss from discontinued operations(495)— (495)Net income (loss)69,927 (547)70,474 Basic and diluted earnings (loss) per common share:Net income attributable to common shareholders(2)15.05 (0.20)15.25 Gross premiums written1,096 — 1,096 Net premiums earned2,422 — 2,422 Underwriting and fee income(3)6,059 (12)6,071 Net investment results(9)2,589 54 2,535 Non-GAAP measures:Non-GAAP operating earnings (loss)(1)3,462 (547)4,009 Non-GAAP basic and diluted operating earnings (loss) per common share(1)0.71 (0.20)0.91 Annualized non-GAAP operating return on average shareholders' equity(1)18.0 %(42.4)%60.4 For the Six Months Ended June 30,20252024ChangeSummary Consolidated Statement of Income Data (unaudited):($ in thousands except per share data)Net income from continuing operations$70,028 $(924)$70,952 Loss from discontinued operations, net of income tax(495)— (495)Net income69,533 (924)70,457 Basic and diluted earnings (loss) per common share:Net income attributable to Kestrel common shareholders(2)18.80 (0.34)19.14 Gross premiums written1,096 — 1,096 Net premiums earned2,422 — 2,422 Underwriting and fee income(3)6,295 357 5,938 Net investment results(9)2,623