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Companies / Financials / Kestrel Group Ltd
KG

Kestrel Group Ltd

FinancialsProperty & Casualty Insurance
Ticker KGPEMBROKEFiscal year ends DecemberBook value per share $12.53Diluted shares 7.8M

Kestrel Group Ltd (Nasdaq: KG) operates a specialty insurance platform with two reportable segments: Program Services and Legacy Reinsurance. Program Services provides fronting services and issuing-carrier capacity to insurance program managers, managing general agencies, reinsurers and reinsurance brokers, using… From the company’s description.

In fiscal 2025, Kestrel Group Ltd reported revenue of $34.05M and net income of $46.73M. Operations used $96.14M in cash. Over the twelve months to Sep 30, 2026, revenue was $31.88M.

Fiscal year 2025 · ends 12-31The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$34.05MFY2025
Last 12 mo $31.88M
0.00%FY2025
$46.73MFY2025
Last 12 mo $-49.62M
36.42%FY2025
Last 12 mo -50.73%
Cash & financing
$-96.14MFY2025
Last 12 mo $-105.02M
$-96.14MFY2025
Last 12 mo $-105.02M
1.36FY2025
Last 12 mo 1.79
5.7MFY2025
Last 12 mo 7.8M

Dotted labels explain each measure. is shown separately from the annual figures.

What Kestrel Group Ltd does

In the company’s own words

Kestrel Group Ltd (Nasdaq: KG) operates a specialty insurance platform with two reportable segments: Program Services and Legacy Reinsurance. Program Services provides fronting services and issuing-carrier capacity to insurance program managers, managing general agencies, reinsurers and reinsurance brokers, using management contracts with four insurance carriers; it earns fees for access to carrier capacity and related compliance, regulatory and administrative support, while program partners generally handle underwriting, policy administration and claims. Its programs cover casualty, workers’ compensation, catastrophe-exposed and other property risks. Legacy Reinsurance comprises predominantly run-off reinsurance portfolios inherited through its combination with Maiden Holdings, completed in May 2025, including AmTrust-related and diversified reinsurance business. In 2025, Program Services generated $6.1 million in fee revenue, while Legacy Reinsurance earned $12.7 million in net premiums. The company had approximately 44 full-time and part-time employees as of March 6, 2026. Its website is www.kestrelgroup.com.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
PEMBROKE
Fiscal year end
December
CIK
2055116
SIC
6331

Financial performance, year by year

Fiscal 2025–2025 · USD
$-59.26M$-30.35M$-1.45M$27.46M$56.36M2025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Kestrel Group Ltd — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

22
funds hold it
0 of 35
superinvestors hold it
$2.77M
held by funds, at market
3.5%
of shares held by funds

Largest fund holders · Kestrel Group Ltd’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets
Dimensional U.S. Small Cap ETF
DFAS · Dimensional ETF Trust
—of fund net assets
VANGUARD BALANCED INDEX FUND
VBINX · VANGUARD VALLEY FORGE FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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