Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 200

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 200
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 considerable review of changes in actuarial assessments. 

 39

KESTREL GROUP LTD NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except share and per share data)

9. Reserve for Loss and Loss Adjustment Expenses (continued)The following table summarizes total PPD for our Legacy Reinsurance segment for the three and nine months ended September 30, 2025: For the Three Months Ended September 30,For the Nine Months Ended September 30, 20252025Prior Year Loss Development (favorable) adverseDiversified Reinsurance legacy business$(291)$(166)AmTrust Reinsurance legacy business6,911 (1,002)Total PPD for Legacy Reinsurance Segment$6,620 $(1,168)Legacy Reinsurance Segment: Diversified BusinessIn the Diversified Reinsurance legacy operations, the favorable PPD was $291 and $166 for the three and nine months ended September 30, 2025, respectively, which was primarily driven by favorable development in run-off business.Legacy Reinsurance Segment: AmTrust BusinessThe table below shows PPD for the AmTrust Reinsurance legacy operations for the three and nine months ended September 30, 2025: For the Three Months Ended September 30,For the Nine Months Ended September 30, 20252025Prior Year Loss Development (favorable) adverse AmTrust Quota Share$(1,400)$(5,600)LPT/ADC Agreement3,601 (117)European Hospital Liability Quota Share4,710 4,715 Total AmTrust Reinsurance PPD$6,911 $(1,002) The PPD for AmTrust Reinsurance was primarily driven by adverse development in the European Hospital Liability Quota Share for the three and nine months ended September 30, 2025, respectively. Total PPD was largely due to additional development recognized on European Hospital Liability business due to adjustments for certain death claims and a reduction in recoveries anticipated under the LPT/ADC Agreement which were offset by favorable development on worker's compensation and other lines of business in the AmTrust Quota Share.

 40

KESTREL GROUP LTD NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except share and per share data)

10. Related Party Transactions 

Kestrel Intermediate Ledbetter Holdings, LLC ("