Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 217

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 8
Chunk 217
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 Services segment is entirely comprised of Program fee receivables related to written premiums that are still unpaid at the reporting date.  Unpaid amount are generally paid with 30-60 days after inception of the policy unless the program allows for premiums to be paid on installments.  Other assets also includes fees due from Programs for contractual arrangements with minimum annual fees.  Kestrel amortizes the minimum fee over the contract period.The financial information relating to net premiums written by major line of business within the Legacy Reinsurance segment for the three and six months ended June 30, 2025 are detailed below: For the Three and Six Months Ended June 30,2025Net premiums writtenTotalDiversified Legacy Reinsurance$1,380 AmTrust Legacy Reinsurance(285)Legacy Reinsurance Segment(1)$1,095 (1) Legacy Reinsurance segment results only include the post-combination period of May 28, 2025 to June 30, 2025.The financial information for net premiums earned by major line of business within the Legacy Reinsurance segment for the three and six months ended June 30, 2025 are detailed below: For the Three and Six Months Ended June 30,2025Net premiums earnedTotalDiversified Legacy Reinsurance$1,390 AmTrust Legacy Reinsurance1,032 Legacy Reinsurance Segment(1)$2,422 (1) Legacy Reinsurance segment results only include the post-combination period of May 28, 2025 to June 30, 2025.

 21

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

4. Investments

The Company holds: (i) available-for-sale ("AFS") portfolios of fixed maturity and equity securities, carried at fair value; (ii) other investments carried at fair value; (iii) equity method investments using equity method accounting; and (iv) funds held - directly managed.a)Fixed MaturitiesThe amortized cost, gross unrealized gains and losses, and fair value of fixed maturities at June 30, 2025 are as follows: June 30, 2025Original or amortized costGross unrealized gainsGross unrealized lossesFair valueU.S. treasury bonds$43,911 $— $— $43,911 U.S. agency bonds –