earnings
confidence high
sentiment negative
materiality 0.75
Kestrel Group reports Q4 net loss of $17.8M on $10.2M revenues; Program Services fees up 95% QoQ
Kestrel Group Ltd
- 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.
item 2.02item 9.01