---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-017505"
form_type: "8-K"
ticker: "KG"
cik: "0002055116"
company_name: "Kestrel Group Ltd"
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:44:21.762608+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kestrel Group reports Q4 net loss of $17.8M on $10.2M revenues; Program Services fees up 95% QoQ

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-017505
- form_type: 8-K
- ticker: KG
- cik: 0002055116
- company_name: Kestrel Group Ltd
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2055116/000162828026017505/0001628280-26-017505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2055116/000162828026017505/kg-20260313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-017505
- JSON: https://secwatch.observer/filing/0001628280-26-017505.json
- Plain text: https://secwatch.observer/filing/0001628280-26-017505.txt

## Key facts
- Earnings Releases
  Kestrel Group Ltd reported financial results for three and twelve months ended December 31, 2025.
  - Period: three and twelve months ended December 31, 2025
  - Result: reported results
  source text: On March 13, 2026, the Company issued a press release announcing its results of operations for the three and twelve months ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2055116/000162828026017505/0001628280-26-017505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.