secwatch.observer — SEC 8-K summary
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Issuer:     Kestrel Group Ltd (KG)
CIK:        0002055116
Form:       8-K
Filed at:   2026-08-07T12:34:49+00:00
Accession:  0001628280-26-054603
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2055116/000162828026054603/0001628280-26-054603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2055116/000162828026054603/kg-20260807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-054603

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