Company: KG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049606
Chunk: 4

Company: Kestrel Group Ltd
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 4
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credit losses, depreciation, amortization, share-based compensation, leases)(18)51 Interest in loss of equity method investments24 — Net realized and unrealized investment gains(6,552)— Gain on bargain purchase(73,590)— Foreign exchange and other losses2,155 — Changes in assets – (increase) decrease:Reinsurance balances receivable, net730 — Reinsurance recoverable on unpaid losses5,368 — Accrued investment income(945)— Funds withheld receivable(1,231)— Other assets(646)1,835 Changes in liabilities – increase (decrease):Reserve for loss and loss adjustment expenses(47,246)— Unearned premiums(4,307)— Accrued expenses and other liabilities31,815 (1,585)Net cash used in continuing operations(28,503)(1,052)Net cash used in discontinued operations(1,933)— Net cash used in operating activities(30,436)(1,052)Cash flows from investing activities:Purchases of fixed maturities (139,666)— Purchases of other investments(7,458)— Purchases of equity method investments(604)— Proceeds from sales of fixed maturities 15,190 — Proceeds from maturities, paydowns and calls of fixed maturities149,346 — Proceeds from sale and redemption of other investments1,065 — Cash acquired from purchase of business 79,807 — Net loan receivable from related party6,750 — Others, net(18)— Net cash provided by investing activities104,412 — Cash flows from financing activities:Dividends paid – Kestrel equityholders(40,000)— Net cash used in financing activities(40,000)— Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents 496 — Net increase (decrease) in cash, restricted cash and cash equivalents34,472 (1,052)Cash, restricted cash and cash equivalents, beginning of period4,286 5,553 Cash, restricted cash and cash equivalents, end of period38,758 4,501 Less: change in cash and cash equivalents held for sale(1,766)— Cash, restricted cash and cash equivalents, end of period, excluding held-for-sale$40,524 $4,501