KG
Kestrel Group Ltd10.86
+0.45+4.27%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
84.08MP/E (TTM)
1.24Basic EPS (TTM)
8.73Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
8-K
Court vacates win in fraud case
On August 20, 2025, the Third Circuit vacated a New Jersey district court's summary judgment favoring Maiden Holdings, a Kestrel Group subsidiary, in the Wigglesworth securities fraud class action. The appeals court ruled the record didn't support judgment as a matter of law on misleading loss reserves, remanding for discovery on Section 10(b) claims without addressing scienter. Defendants can appeal further. Kestrel stands firm on its defenses. This reignites litigation risks.
10-Q
Q2 FY2025 results
Kestrel Group swung to net income of $69.9M for Q2 FY2025 ended June 30, 2025, fueled by a $73.6M bargain purchase gain from its May merger with Maiden Holdings, while non-GAAP operating earnings hit $3.5M versus a $0.5M loss last year. Underwriting and fee income climbed to $6.1M from nil, thanks to $2.4M in net premiums earned (derived) and $7.8M favorable prior-year loss development in the Legacy Reinsurance segment, though Program Services dipped to a $0.2M loss on softer fee revenue. Investment results added $2.6M, blending $1.5M net income and $1.1M realized/unrealized gains, but foreign exchange losses of $5.0M and $1.5M interest on $262M senior notes tempered gains. Cash swelled to $33.7M with $88.3M investing inflows offsetting $20.7M operating outflows and a $40M shareholder payout; free cash flow not disclosed in the 10-Q. Merger closed May 2025 for $115.5M (mostly stock), recognizing $11.9M intangibles amortized over the unearned premium pattern. Yet regulatory hurdles persist in divesting Swedish units.
AJG
Arthur J. Gallagher & Co.
251.98-4.21
AON
Aon plc
351.80-2.30
BRO
Brown & Brown, Inc.
80.97-1.36
EG
Everest Group, Ltd.
327.35-1.26
HG
Hamilton Insurance Group, Ltd.
27.72-0.63
KNSL
Kinsale Capital Group, Inc.
385.16-7.01
PREJF
PartnerRe Ltd.
17.01+0.00
RELI
Reliance Global Group, Inc.
0.61-0.02
TWFG
TWFG, Inc.
28.27-0.23
ZBAO
Zhibao Technology Inc.
1.01+0.11