{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-049605","form_type":"8-K","ticker":"KG","cik":"0002055116","company_name":"Kestrel Group Ltd","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.486340+00:00","generated_at":"2026-05-17T00:26:24.256758+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kestrel Group Q3 net loss $5.1M; legacy reinsurance underwriting loss $9.0M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-049605","json":"https://secwatch.observer/filing/0001628280-25-049605.json","markdown":"https://secwatch.observer/filing/0001628280-25-049605.md","text":"https://secwatch.observer/filing/0001628280-25-049605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2055116/000162828025049605/0001628280-25-049605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2055116/000162828025049605/kg-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:26:24.256758+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}