AUSTIN, Texas, March 13, 2026 /PRNewswire/ -- Kestrel Group Ltd (NASDAQ: KG) ("Kestrel" or the "Company") a leading specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, today reported its financial results for the fourth quarter and full year ended December 31, 2025. Key Highlights - Fourth Quarter 2025 Financials Program Services net fee income was $1.9 million, up 94.5% over the third quarter 2025 Premium produced(1) by Program Services clients was $93.8 million, up 79.2% over the third quarter 2025 Total revenues were $10.2 million Net premiums earned were $3.4 million As of December 31, 2025, the Company's book value per common share was $16.57 Net loss was $17.8 million, driven by significant non-recurring charges totaling $3.5 million and a downward adjustment to the bargain purchase gain of $5.3 million recorded in the combination with Maiden Holdings, Ltd.
