KG at a glance
Kestrel Group Ltd (KG, SEC CIK 2055116) filed its latest 10-K annual report on March 13, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 7, 2026 and Form 4 insider filings as recently as September 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Kestrel Group Ltd (KG) reported revenue of $34.0 million (up 785.1% from FY2024) and net income of $46.7 million. Diluted EPS was $8.08.
- As of June 30, 2026, 12 institutional investment managers tracked by SignalX reported holding Kestrel Group Ltd (KG) shares worth $5.7 million in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by NIGRO STEVEN HAROLD on September 24, 2026 of 2,500 shares at $5.34 per share.
- In the last 90 days, KG insiders reported 1 open-market purchase ($13K) and 0 open-market sales ($0) on Form 4, a net purchase of $13K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $34.0M
- +785.1% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$13K
- 13F holders
- 12 funds
- $5.7M · +0 vs prior quarter
- Latest 8-K
- Aug 7, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Reinsurance services focusing on run-off of legacy reserves and managing insurance liabilities
- Strategic shift: Completion of Combination with Maiden on May 27, 2025, acquiring significant investable assets and legacy loss reserves
- Notable metric: Unrestricted cash, equivalents and fixed maturity investments increased $12.0 million to $16.3 million at December 31, 2025 vs 2024
- Cash flow detail: Operating cash used $96.1M in 2025 (vs $1.3M in 2024) due to claim payments from legacy business run-off; investing cash inflow $146.9M driven by Combination
- Dividend constraint: Maiden LF and GF subsidiaries restricted from paying dividends without Swedish FSA approval as of December 31, 2025
Risk Factors
- Regulatory risk: Potential challenges from state insurance regulators on fronting arrangements under the Nonadmitted and Reinsurance Reform Act (NRRA), causing regulatory uncertainty
- Geopolitical/macro risk: Exposure to catastrophe losses (hurricanes, floods, terrorist attacks) that could substantially impair capacity providers’ ability to pay claims
- Operational risk: Heavy reliance on AmTrust Insurance Companies for fronting business and services; loss or termination of this relationship would materially impact operations
- Competitive risk: Pressure from competitors like State National and Transverse offering underwriting risk and policy administration services, potentially reducing market share
- Financial risk: Annual interest expense $19.1 million from debt issued by Maiden pre-combination, limiting financial flexibility and delaying operating profitability
Management Discussion & Analysis
- Use of non-GAAP operating earnings excludes realized investment gains/losses, FX, equity method income, intangible amortization, discontinued ops, purchase gain, earn-out liability changes, litigation, restructuring, and combination costs
- Underwriting income defined as premiums plus fees minus losses, acquisition, and underwriting G&A expenses, including Program Services fees
- Management views non-GAAP earnings key for measuring ongoing operations, excluding market-driven and one-time items
AI summary of the KG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material risk-factor changes disclosed; risks incorporated by reference to the December 31, 2025 Form 10-K
- Residual unknown-risk exposure from risks not presently known or currently deemed immaterial
Management Discussion & Analysis
- No actual profitability or margin percentages disclosed
- Segment performance figures unavailable in provided text
AI summary of the KG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half fiscal 2026 operating results announced for periods ended June 30, 2026
- Detailed financial results furnished in Exhibit 99.1, requiring review for revenue, profitability, and outlook implications
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders elected all seven director nominees to serve through the 2027 annual meeting
- Executive compensation received advisory approval, with 6,796,163 votes for and 89,746 against
Item 8.01: Other Events
- June 2 final arbitration award denied rescission, preserving reinsurance agreement’s approximately $25.0 million and $25.5 million coverage limits
- Cedant’s intentional material breach requires re-presentation of losses and adjustments to billing, accounting, reserves, and security
AI summaries of KG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for KG
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| NIGRO STEVEN HAROLD | Buy | Sep 24, 2026 | 2,500 | $5.34 |
| Brecher Joseph | A | Jun 10, 2026 | 5,718 | - |
| Weissmann Jeffrey | A | Jun 10, 2026 | 5,718 | - |
| Cohen Erik | A | Jun 10, 2026 | 5,718 | - |
| Hotchkiss Michael | A | Jun 10, 2026 | 5,718 | - |
| NIGRO STEVEN HAROLD | A | Jun 10, 2026 | 5,718 | - |
| LEDBETTER BRADFORD LUKE | F | Mar 18, 2026 | 12,749 | $9.96 |
| Ledbetter Terry Lee | A | Mar 18, 2026 | 48,596 | - |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 |
|---|---|---|
| Profitability | ||
| Revenue | $3.8M | $34.0M |
| Net Income | -$1.3M | $46.7M |
| Net Margin | -33.6% | 137.2% |
| Balance Sheet | ||
| Total Assets | $5.5M | $1.0B |
| Equity | $4.6M | $128.3M |
| ROE | -28.0% | 36.4% |
| Per Share | ||
| EPS | $-0.47 | $8.08 |
| Cash Flow | ||
| Operating CF | -$1.3M | -$96.1M |
Source: XBRL data in Kestrel Group Ltd (KG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate KG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 12 | $5.7M |
| Q1 2026 | 12 | $8.2M |
| Q4 2025 | 12 | $8.4M |
| Q3 2025 | 14 | $21.4M |
| Q2 2025 | 15 | $16.7M |
- Vanguard Capital Management LLC+3.8K (+1%)
- Citigroup+270 (+196%)
- BlackRock−98.5K (-35%)
- State Street Corp−39.0K (-59%)
- Northern Trust−12.3K (-44%)
- Dimensional Fund Advisors−7.1K (-9%)
- Morgan Stanley−6.4K (-35%)
- Millennium Management+31.2K
- Goldman Sachs Group+25.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 65 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
KG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 24, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 7, 2026 | - | Analysis | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 8-K | May 14, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 8-K | Apr 6, 2026 | - | Analysis | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 8-K | Mar 16, 2026 | - | Analysis | - |
| 8-K | Mar 13, 2026 | - | Analysis | - |
| 10-K | Mar 13, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 13, 2026 | - | - | |
| SC 13G | Feb 12, 2026 | - | - | |
| 8-K | Nov 26, 2025 | - | - | |
| 10-Q | Nov 5, 2025 | Sep 30, 2025 | Analysis | |
| 10-Q | Aug 15, 2025 | Jun 30, 2025 | - |
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KG SEC filings: frequently asked questions
Are KG insiders buying or selling?
In the last 90 days, Kestrel Group Ltd (KG) officers, directors and 10% owners reported 1 open-market purchase worth $13,350 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold KG stock?
As of June 30, 2026, the largest Kestrel Group Ltd (KG) holders among the 13F filers tracked by SignalX were Vanguard Capital Management LLC ($2.4 million), BlackRock ($1.6 million), Dimensional Fund Advisors ($662,000), Millennium Management ($280,000), State Street Corp ($241,000). 13F-HR reports are filed up to 45 days after each quarter ends.
What was KG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Kestrel Group Ltd (KG) reported revenue of $34.0 million (up 785.1% from FY2024) and net income of $46.7 million. Diluted EPS was $8.08. The figures come from the XBRL data in the 10-K.
What are the main risks in KG's latest 10-K?
In the 10-K filed March 13, 2026, Kestrel Group Ltd (KG) flagged: Regulatory risk: Potential challenges from state insurance regulators on fronting arrangements under the Nonadmitted and Reinsurance Reform Act (NRRA), causing regulatory uncertainty. Geopolitical/macro risk: Exposure to catastrophe losses (hurricanes, floods, terrorist attacks) that could substantially impair capacity providers’ ability to pay claims. (AI summary of the Risk Factors section.)
What did KG report in its latest 8-K?
Kestrel Group Ltd (KG) filed an 8-K on August 7, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 and first-half fiscal 2026 operating results announced for periods ended June 30, 2026.
What are the latest KG SEC filings?
Kestrel Group Ltd (KG) filed its latest 10-K annual report on March 13, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 7, 2026 and a Form 4 insider filing on September 24, 2026.
What is KG's SEC CIK number?
Kestrel Group Ltd (KG)'s SEC Central Index Key (CIK) is 2055116. EDGAR lists every KG filing under that number.
Ask anything about KG
The research agent reads KG's filings, financials, insider trades and 13F holders, then answers with sources.