Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 230

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 230
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 ​    | ​ |      ​ | ​ | ​ |
| Operating cash flows from operating leases                            | ​ | ​ | ​    | ​ | 80,006 | ​ | ​ | ​ | ​    | ​ | 77,070 | ​ | ​ |
| Weighted-average remaing lease term                                   | ​ | ​ | ​    | ​ |      ​ | ​ | ​ | ​ | ​    | ​ |      ​ | ​ | ​ |
| Operating leases (in years)                                           | ​ | ​ | ​    | ​ |   2.92 | ​ | ​ | ​ | ​    | ​ |   3.92 | ​ | ​ |
| Weighted-average discount rate                                        | ​ | ​ | ​    | ​ |      ​ | ​ | ​ | ​ | ​    | ​ |      ​ | ​ | ​ |
| Operating leases                                                      | ​ | ​ | ​    | ​ |   3.9% | ​ | ​ | ​ | ​    | ​ |   3.9% | ​ | ​ |

Future minimum lease payments and reconciliation to the consolidated balance sheet at December 31, 2024 are as follows:

| ​                                   | ​ | ​ | OperatingLeases |   |         |   | ​ |
|:------------------------------------|:--|:--|:----------------|:--|--------:|:--|:--|
| 2025                                | ​ | ​ | ​               | $ |  82,942 | ​ | ​ |
| 2026                                | ​ | ​ | ​               | ​ |  85,878 | ​ | ​ |
| 2027                                | ​ | ​ | ​               | ​ |  88,814 | ​ | ​ |
| ​                                   | ​ | ​ | ​               | $ | 257,634 | ​ | ​ |
| Less Interest                       | ​ | ​ | ​               | ​ | -13,516 | ​ | ​ |
| Total future minimum lease payments | ​ | ​ | ​               | $ | 244,118 | ​ | ​ |

Off-Balance Sheet Arrangements As of December 31, 2024, Kestrel did not have any off-balance sheet relationships. Kestrel is, therefore, not exposed to any financing, liquidity, market or credit risk that could arise if Kestrel had engaged in such relationships.

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TABLE OF CONTENTS

#### Summary of Significant Accounting Policies