{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-054603","form_type":"8-K","ticker":"KG","cik":"0002055116","company_name":"Kestrel Group Ltd","filed_at":"2026-08-07T12:34:49+00:00","discovered_at":"2026-08-07T12:40:00.458473+00:00","generated_at":"2026-08-07T12:40:23.372550+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kestrel Q2 2026 net loss $8.1M ($1.03/sh); Program Services fee revenue up 588% YoY","bullets":["Net loss $8.1M, or $1.03/sh, vs. net income $69.9M in Q2 2025 which included $73.6M bargain purchase gain.","Non-GAAP operating loss $6.7M ($0.86/sh); total revenues $6.7M, net premiums earned $3.5M.","Program Services fee revenue $3.7M, up 587.9% YoY; premium produced $109.6M, up 479.8% YoY.","Book value per share $14.57 at June 30, 2026, down from $16.57 at Dec 31, 2025.","Legacy Reinsurance underwriting loss $1.3M incl. $0.7M severance; NOL carryforwards $471.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-054603","json":"https://secwatch.observer/filing/0001628280-26-054603.json","markdown":"https://secwatch.observer/filing/0001628280-26-054603.md","text":"https://secwatch.observer/filing/0001628280-26-054603.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2055116/000162828026054603/0001628280-26-054603-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2055116/000162828026054603/kg-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T12:40:23.372550+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"}