---
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"
generated_at: "2026-08-07T12:40:23.372550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kestrel Q2 2026 net loss $8.1M ($1.03/sh); Program Services fee revenue up 588% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- 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/2055116/000162828026054603/0001628280-26-054603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2055116/000162828026054603/kg-20260807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-054603
- JSON: https://secwatch.observer/filing/0001628280-26-054603.json
- Plain text: https://secwatch.observer/filing/0001628280-26-054603.txt

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