Company: KG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0002055116-25-000018
Chunk: 225

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 8
Chunk 225
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 and distributions of equity securities and unrealized gains and losses coming from fair value changes. Net unrealized gains recognized for equity securities still held at the reporting date for the three and six months ended June 30, 2025, respectively, included:For the Three and Six Months Ended June 30,2025Net gains recognized for equity securities$46 Net gains recognized for equity securities divested— Net unrealized gains recognized for equity securities still held at the reporting date$46 Proceeds from sales of fixed maturity investments were $7,312 for the three and six months ended June 30, 2025. Net unrealized gains included in accumulated other comprehensive income ("AOCI") were as follows at June 30, 2025: June 30, 2025Net unrealized gains on fixed maturity investments$478 Net unrealized losses on held for sale AFS investments7 Total net unrealized losses485 Deferred income tax— Net unrealized gains, net of deferred income tax$485 Change, net of deferred income tax$485 

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

4. Investments (continued)e)Restricted Cash and Cash Equivalents and Investments The Company is required to provide collateral for its reinsurance liabilities under various reinsurance agreements and utilizes trust accounts to collateralize business with reinsurance counterparties. The assets in trust as collateral are primarily cash and highly rated fixed maturities. The fair values of the Company's restricted assets at June 30, 2025 are:June 30, 2025  Restricted cash – third party agreements$8,440   Restricted cash – related party agreements6,277   Total restricted cash14,717 Restricted investments – in trust for third party agreements at fair value (amortized cost: 2025 – $53,766)54,019 Restricted investments – in trust for related party agreements at fair value (amortized cost: 2025 – $143,741)143,793 Restricted investments – liability for investments purchased for related party agreements(1,080)Total restricted investments196,732 Total restricted cash and investments$211,449 

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KESTREL GROUP LTD NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATE