Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 31

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 31
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Gross unrealized gainsGross unrealized lossesFair valueU.S. treasury bonds$43,911 $— $— $43,911 U.S. agency bonds – mortgage-backed21,963 506 (2)22,467 Non-U.S. government bonds54,005 2 (31)53,976 Collateralized loan obligations68,684 7 (5)68,686 Corporate bonds16,760 4 (3)16,761 Total fixed maturity investments$205,323 $519 $(41)$205,801 December 31, 2024Original or amortized costGross unrealized gainsGross unrealized lossesFair valueThe Company separately presents the accrued interest receivable balance on its AFS fixed maturity investments on the Condensed Consolidated Balance Sheets under accrued investment income. The amount of accrued interest receivable on AFS securities was $658 at June 30, 2025.  The Company has elected the practical expedient to exclude accrued interest from both the fair value and the amortized cost basis of the AFS fixed maturity securities for the purposes of identifying and measuring any impairments under the allowance for expected credit losses standard. Write-offs of accrued interest receivable balances are recognized in net investment gains and losses in the period in which they are deemed uncollectible. There was no write-off recognized on the accrued interest receivable during the three and six months ended June 30, 2025.The contractual maturities of our fixed maturities are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.June 30, 2025Amortized costFair valueDue in one year or less$94,117 $94,097 Due after one year through five years20,054 20,046 Due after five years through ten years505 505 114,676 114,648 U.S. agency bonds – mortgage-backed21,963 22,467 Collateralized loan obligations68,684 68,686 Total fixed maturity investments$205,323 $205,801 The following tables summarize fixed maturities in an unrealized loss position and the aggregate fair value and gross unrealized loss by length of time the security has continuously been in an unrealized loss position: Less than 12 Months12 Months