Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 289

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 289
---
 been completed. If such a meeting is held, shareholder proposals intended for inclusion in the proxy materials for the 2025 annual meeting pursuant to Rule 14a-8 of the Exchange Act must have been received by Maiden’s corporate secretary, 48 Par-La-Ville Road, Suite 1141, Hamilton HM 11, Bermuda on or before November 27, 2024 in order to be considered for such inclusion. Shareholder proposals intended to be submitted at the 2025 annual meeting outside the framework of Rule 14a-8 must have been received on or before February 10, 2025 to be considered timely under Rule 14a-4(c)(1). If Maiden did not receive notice of the matter by the applicable date, the proxy holders will vote on the matter, if properly presented at the annual meeting, in their discretion.

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INDEX TO CONSOLIDATED FINANCIAL STATEMENTS KESTREL GROUP LLC Audited Consolidated Financial Statements

| ​ 
 ​ 
 ​ | Report of Independent Registered Public Accounting Firm                                             
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                        
 Consolidated Statements of Operations for the years ended December 31, 2024 and 2023                | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | F-2 
 F-3 
 F-4 | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ |
|:--|:----------------------------------------------------------------------------------------------------|:--|:--|:--|:--|:----|:--|:--|
| ​ | Consolidated Statements of Changes in Members’ Equity for the years ended December 31, 2024 and2023 | ​ | ​ | ​ | ​ | F-5 | ​ | ​ |
| ​ | Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023                | ​ | ​ | ​ | ​ | F-6 | ​ | ​ |
| ​ | Notes to Consolidated Financial Statements                                                          | ​ | ​ | ​ | ​ | F-7 | ​ | ​ |

TABLE OF CONTENTS

#### Kestrel Group, LLC

### Consolidated Financial StatementsDecember 31, 2024 and 2023
TABLE OF CONTENTS

### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Members and Board of Managers