secwatch.observer — SEC 8-K summary
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Issuer:     Kestrel Group Ltd (KG)
CIK:        0002055116
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0001628280-26-017505
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2055116/000162828026017505/0001628280-26-017505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2055116/000162828026017505/kg-20260313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-017505

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