Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 144

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 144
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 on which they were prepared. Except to the extent required by applicable law, Maiden has no obligation to update the Projections included in this proxy statement/prospectus and has not done so and does not intend to do so. The Projections The summary below of the Projections is included in this proxy statement/prospectus solely to give Maiden shareholders access to these projections and is not being included in this proxy statement/ prospectus to influence any Maiden shareholder’s decision as to whether to vote in favor of the first merger. The following is a summary of the Projections:

| ($ amounts in millions) | ​ | ​ | 2024E(1) |   |       |   | ​ | ​ | ​ | 11/30/24AdjustedLTM(2) |   |       |   | ​ | ​ | ​ | 2025E |   |       |   | ​ | ​ | 2026E |   |         |   | ​ | ​ | 2027E |   |         |   | ​ | ​ | 2028E |   |         |   | ​ |
|:------------------------|:--|:--|:---------|:--|------:|:--|:--|:--|:--|:-----------------------|:--|------:|:--|:--|:--|:--|:------|:--|------:|:--|:--|:--|:------|:--|--------:|:--|:--|:--|:------|:--|--------:|:--|:--|:--|:------|:--|--------:|:--|:--|
| Gross Premiums Written  | ​ | ​ | ​        | $ | 143.3 | ​ | ​ | ​ | ​ | ​                      | $ | 510.0 | ​ | ​ | ​ | ​ | ​     | $ | 713.5 | ​ | ​ | ​ | ​     | $ | 1,042.8 | ​ | ​ | ​ | ​     | $ | 1,280.2 | ​ | ​ | ​ | ​     | $ | 1,408.2 | ​ | ​ |
| Total Revenue           | ​ | ​ | ​        | $ |   5.3 | ​ | ​ | ​ | ​ | ​                      | $ |  17.0 | ​ | ​ | ​ | ​