{"filings":[{"id":442316,"accession_number":"0001628280-26-035056","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-05-14T20:01:02+00:00","items":["5.02","5.01","9.01"],"status":"ready","headline":"Kestrel Group grants $650K performance-based restricted stock to CEO, Chairman, and CFO","event_type":"other_material","confidence":"high","bullets":["On May 13, 2026, Kestrel granted performance-based restricted stock awards of $650,000 each to Executive Chairman, CEO, and President/CFO.","Each executive received 61,588 shares based on 20-day VWAP; vesting tied to Program Services EBITDA threshold for 2026.","Shares vest in 1/3 increments: upon Committee certification, then first and second anniversaries.","Forfeiture if threshold not met; accelerated vesting for death, disability, termination without cause, or change of control.","Awards granted under the 2025 Equity Incentive Plan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97496,"accession_number":"0001628280-26-032893","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Kestrel Group Q1 2026 net loss $7.0M; program services fee revenue up 287% YoY","event_type":"earnings","confidence":"high","bullets":["Net loss from continuing ops $7.0M ($0.90/share); total revenues $10.2M.","Program Services fee revenue $3.1M (+287% YoY); premiums produced $94.2M (+304% YoY).","Legacy Reinsurance underwriting loss $3.3M, including $2.4M from AmTrust run-off.","Book value per share fell to $15.52 from $16.57 at Dec 31, 2025.","G&A expenses $11.7M include $3.0M non-recurring annual items; NOL carryforwards $476.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.96,"consensus_revenue_estimate":null,"consensus_revenue_actual":10193000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97495,"accession_number":"0001628280-26-023887","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-04-06T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Kestrel Group replaces EY with Grant Thornton as auditor; no disagreements cited","event_type":"other_material","confidence":"high","bullets":["Dismissed Ernst & Young effective April 1, 2026; no adverse opinion in FY2025 report.","Engaged Grant Thornton as independent auditor for fiscal year ending December 31, 2026.","No disagreements or reportable events between Kestrel and EY during FY2025 or subsequent interim period.","EY provided letter agreeing with the company's statements in Item 4.01."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112342,"accession_number":"0001628280-26-018260","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Kestrel Group awards $650K FY2026 RSAs and $1.3M catch-up RSAs to three executives","event_type":"other_material","confidence":"high","bullets":["Committee approved $650,000 RSAs each to Terry Ledbetter, Bradford Ledbetter, and Haveron for fiscal 2026.","Also approved $1,300,000 catch-up RSAs each to same three executives for fiscal 2025, vesting over three years.","Haveron's prior Maiden equity awards cancelled for no consideration as no longer capable of vesting.","FY2026 RSAs vest in equal installments over three anniversaries of grant date (March 18, 2026)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112341,"accession_number":"0001628280-26-017505","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-03-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Kestrel Group reports Q4 net loss of $17.8M on $10.2M revenues; Program Services fees up 95% QoQ","event_type":"earnings","confidence":"high","bullets":["Net loss Q4 $17.8M ($2.29 diluted EPS); full-year net income $46.7M ($8.08 diluted EPS).","Program Services net fee income $1.9M (+94.5% QoQ); premium produced $93.8M (+79.2% QoQ).","Q4 includes $5.3M bargain purchase gain adjustment, $2.0M legal arbitration costs, $0.8M restructuring.","Legacy Reinsurance segment underwriting loss $7.6M, including $3.3M non-recurring charges.","Book value per share $16.57; total assets $1.0B, shareholders' equity $128.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112340,"accession_number":"0001628280-26-008071","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2026-02-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Kestrel Group enters amended employment agreement with President & CFO; terms largely unchanged","event_type":"leadership","confidence":"high","bullets":["Base salary unchanged at $950k; bonus opportunity up to 100% of base salary unchanged.","Initial term through May 1, 2028; auto-renew 5-year periods unless 90-day notice.","Severance includes remaining base salary for term plus pro-rata bonus if terminated without cause or good reason.","Non-competition covenant for 1 year; non-solicitation of customers for 2 years post-employment.","No excise tax gross-up provision for Section 280G payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128923,"accession_number":"0001628280-25-054184","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-11-26T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Kestrel subsidiary GLS enters arbitration over reinsurance, seeks rescission and recovery of $10M","event_type":"litigation","confidence":"high","bullets":["GLS demands arbitration after alleging multiple breaches by cedant; seeks full rescission of reinsurance agreements.","RPP coverage aggregate limits of $25.0M; ADC remaining aggregate limits of $25.5M.","GLS previously paid $10.8M in net losses under RPP; has liabilities of $4.0M and $7.5M reserves for RPP and ADC.","Premiums received: $9.7M for RPP, $9.8M for ADC; GLS stops paying certain invoices pending arbitration.","Decision expected Q1 2026; adverse outcome could be material to Kestrel's results or cash flows."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128922,"accession_number":"0001628280-25-049605","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Kestrel Group Q3 net loss $5.1M; legacy reinsurance underwriting loss $9.0M","event_type":"earnings","confidence":"high","bullets":["Net loss of $5.1M ($0.65 diluted EPS); total revenues $17.4M, net premiums earned $6.8M.","Legacy Reinsurance segment underwriting loss $9.0M; $7.6M from AmTrust due to adverse prior-period development of $6.9M.","Adverse development includes $4.7M from Hospital Liability and $3.6M from LPT/ADC Agreement reduction.","Non-GAAP operating loss $15.1M ($1.95/share); G&A expenses $10.8M with $1.9M one-time costs expected to trend lower.","Book value per share $18.57 (vs $1.67 at Dec 2024); NOL carryforwards $446.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":12.7,"consensus_revenue_estimate":null,"consensus_revenue_actual":23841000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145650,"accession_number":"0002055116-25-000024","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-08-22T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Third Circuit vacates summary judgment for Maiden subsidiary in securities fraud class action; remands for discovery","event_type":"litigation","confidence":"high","bullets":["Third Circuit vacated District Court summary judgment for Maiden in securities class action Wigglesworth v. Maiden Holdings, Ltd.","Remanded for discovery on Section 10(b) claims; court did not rule on scienter element.","Defendants may petition for rehearing; Maiden believes it has substantive and procedural defenses.","Case involves allegations that Maiden's loss reserves were misleading."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145646,"accession_number":"0001104659-25-078918","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K/A","filed_at":"2025-08-15T23:59:59+00:00","items":["9.01","2.01"],"status":"ready","headline":"Kestrel Group files post-merger financials; revenue restated, Q1 2025 revenue down 32%","event_type":"m_and_a","confidence":"high","bullets":["Merger with Maiden Holdings closed May 27, 2025; Kestrel now part of Bermuda NewCo.","Revenue restatement due to ASC 606 timing error; cumulative retained earnings increase $813,594 as of Jan 1, 2025.","Q1 2025 revenue $807K vs $1.18M in Q1 2024 (-32%); net loss $394K vs $377K.","Q1 2025 provision for income taxes $92,462; no tax provision in Q1 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145649,"accession_number":"0001104659-25-078775","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-08-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Kestrel Group amends exec chairman and CEO employment agreements; compensation unchanged","event_type":"leadership","confidence":"high","bullets":["Amended agreements for Terry Ledbetter (Exec Chairman) and Luke Ledbetter (CEO), effective Aug 8, 2025.","Base salary unchanged: Terry $650K, Luke $950K; bonus opportunities remain 150% and 100% of base, respectively.","Initial term ends May 1, 2028, with automatic five-year renewals unless 90-day non-renewal notice given.","Severance: without cause/good reason – base salary for remainder of term; non-renewal – three months base salary.","Non-compete and non-solicit covenants with one- to two-year post-termination restrictions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145648,"accession_number":"0001104659-25-076249","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-08-11T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"Kestrel Group restates 2023-2024 financials due to revenue recognition errors; material weakness identified","event_type":"other_material","confidence":"high","bullets":["Revenue understated by ~$2.4M in FY2023 and overstated by ~$1.6M in FY2024, plus $139K in Q1 2025.","Cumulative effect on shareholders' equity at May 27, 2025 merger completion was $674,000.","Audit Committee concluded prior financial statements should no longer be relied upon.","Material weakness in internal control over revenue recognition; remediation underway.","Company will file amended statements via Form 8-K/A with pro forma combined results."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145647,"accession_number":"0002055116-25-000009","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-07-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Chief Legal Officer Lawrence Metz resigns, gets $1.1M separation paid through May 2028","event_type":"leadership","confidence":"high","bullets":["Lawrence Metz resigned as Chief Legal Officer effective June 30, 2025, to pursue other opportunities.","Separation includes $1.1M cash paid in equal biweekly installments from Separation Date through May 1, 2028.","All of Metz's outstanding and unvested restricted shares canceled and forfeited for no consideration.","Non-compete partially waived; continues only for AmTrust Financial Services and related entities until June 30, 2026.","Metz retains D&O liability coverage substantially similar to coverage on June 1, 2025, for up to six years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164020,"accession_number":"0002055116-25-000007","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-06-24T23:59:59+00:00","items":["4.01","8.01","9.01"],"status":"ready","headline":"Kestrel dismisses auditor Frazier & Deeter; engages E&Y and wins NY lawsuit dismissal","event_type":"other_material","confidence":"high","bullets":["Frazier & Deeter dismissed June 18, 2025; no disagreements but material weaknesses in FY2024 internal controls noted.","Ernst & Young appointed as new independent auditor for FY2025, effective June 18, 2025.","New York Supreme Court granted Maiden's motion to dismiss WUSO Holding Corp lawsuit on June 17, 2025; plaintiffs may appeal.","E&Y had previously audited Maiden Holdings (now Kestrel subsidiary) for FY2023 and FY2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164019,"accession_number":"0001104659-25-054992","cik":2055116,"company_name":"Kestrel Group Ltd","ticker":"KG","form_type":"8-K","filed_at":"2025-05-30T23:59:59+00:00","items":["1.01","2.01","3.03","5.01","5.02","5.05","8.01","9.01"],"status":"ready","headline":"Maiden Holdings merges with Kestrel; new entity Kestrel Group Ltd begins trading under KG","event_type":"m_and_a","confidence":"high","bullets":["Each Maiden common share converted into 0.05 of a Kestrel Group common share; Kestrel equity holders received $40M cash and 2.75M shares.","New board appointed: Terry Ledbetter (Exec Chair), Luke Ledbetter (CEO), plus Brecher, Cohen, Hotchkiss, Nigro, Weissmann.","New executive officers: Luke Ledbetter (CEO), Terry Ledbetter (Exec Chair), Patrick Haveron (President & CFO), Lawrence Metz (Chief Legal Officer & Sec).","Company guaranteed Maiden's 6.625% Senior Notes due 2046 and MHNA's 7.75% Senior Notes due 2043 via supplemental indentures.","Kestrel equity holders eligible for contingent consideration up to $45M in shares subject to EBITDA milestones."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.95,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}