| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -7,431 | -17,755 | -5,053 | 69,533 |
| Add net loss from discontinued operations | NaN | -2,813 | NaN | NaN |
| Less net loss from discontinued operations | 982 | NaN | -965 | -495 |
| Other non-cash expenses (credit losses, depreciation, amortization, leases) | 9 | 299 | -2,815 | 2,797 |
| Interest in loss of equity method investments | -1 | 48 | -24 | NaN |
| Net realized and unrealized investment gains | 1,339 | 405 | 5,494 | 1,058 |
| Gain on bargain purchase option | NaN | -5,284 | 0 | 73,590 |
| Share-based compensation expense | 1,449 | NaN | NaN | NaN |
| Foreign exchange and other gains | 2,228 | 432 | -2,155 | NaN |
| Reinsurance balances receivable, net | -373 | -9,181 | -637 | -93 |
| Reinsurance recoverable on unpaid losses | -2,647 | 2,740 | -8,954 | 3,586 |
| Accrued investment income | -123 | -109 | 144 | 801 |
| Funds withheld receivable | -3,020 | -1,073 | 563 | 668 |
| Other assets | -139 | 810 | 619 | 27 |
| Reserve for loss and loss adjustment expenses | -16,740 | -7,038 | -22,156 | -25,090 |
| Foreign exchange and other losses | NaN | NaN | NaN | -5,009 |
| Unearned premiums | -512 | -2,209 | -2,980 | -1,327 |
| Change in allowance for expected credit losses | NaN | NaN | NaN | 215 |
| Accrued expenses and other liabilities | 5,559 | -50,551 | 23,363 | 8,452 |
| Net cash used in continuing operations | -14,452 | -64,689 | -8,950 | -19,553 |
| Net cash used in discontinued operations | -681 | -1,016 | -748 | -1,185 |
| Net cash used in operating activities | -15,133 | -65,705 | -9,698 | -20,738 |
| Purchases of fixed maturities | 37,357 | -44,052 | 115,777 | 23,889 |
| Purchases of other investments | 2,257 | 2,071 | 6,078 | 1,380 |
| Proceeds from sale and redemption of equity method investments | NaN | NaN | NaN | 163 |
| Purchases of equity method investments | 474 | 471 | 114 | 490 |
| Proceeds from sales of fixed maturities | 38,117 | 47,598 | 7,878 | 7,312 |
| Proceeds from maturities, paydowns and calls of fixed maturities | 44,268 | -64,144 | 149,346 | NaN |
| Proceeds from sale and redemption of other investments | 1,231 | 1,889 | 924 | 141 |
| Cash acquired from purchase of business | NaN | 0 | 0 | 79,807 |
| Net loan receivable from related party | -9,477 | -15,683 | -6,750 | NaN |
| Proceeds from maturities, paydowns and calls of fixed maturities | NaN | NaN | NaN | 26,670 |
| Others, net | 7 | 3 | 17 | 1 |
| Net cash provided by investing activities | 52,998 | 42,533 | 16,079 | 88,333 |
| Dividends paid kestrel equityholders | NaN | 0 | 0 | 40,000 |
| Repurchase of common shares | 486 | NaN | NaN | NaN |
| Net cash used in financing activities | -486 | 0 | 0 | -40,000 |
| Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents | -548 | -104 | -165 | 661 |
| Net increase (decrease) in cash, restricted cash and cash equivalents | 36,831 | -23,276 | 6,216 | 28,256 |
| Cash, restricted cash and cash equivalents, beginning of period | 24,626 | 4,286 | NaN | NaN |
| Cash, restricted cash and cash equivalents, end of period | 61,457 | 15,482 | NaN | NaN |
Kestrel Group Ltd (KG)
Kestrel Group Ltd (KG)