| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 64,480 | 69,533 |
| Less net loss from discontinued operations | -1,460 | -495 |
| Other non-cash expenses (credit losses, depreciation, amortization, share-based compensation, leases) | -18 | 2,797 |
| Interest in loss of equity method investments | -24 | - |
| Net realized and unrealized investment gains | 6,552 | 1,058 |
| Gain on bargain purchase | 73,590 | 73,590 |
| Foreign exchange and other losses | -2,155 | - |
| Reinsurance balances receivable, net | -730 | -93 |
| Reinsurance recoverable on unpaid losses | -5,368 | 3,586 |
| Accrued investment income | 945 | 801 |
| Funds withheld receivable | 1,231 | 668 |
| Other assets | 646 | 27 |
| Reserve for loss and loss adjustment expenses | -47,246 | -25,090 |
| Foreign exchange and other losses | - | -5,009 |
| Unearned premiums | -4,307 | -1,327 |
| Change in allowance for expected credit losses | - | 215 |
| Accrued expenses and other liabilities | 31,815 | 8,452 |
| Net cash used in continuing operations | -28,503 | -19,553 |
| Net cash used in discontinued operations | -1,933 | -1,185 |
| Net cash used in operating activities | -30,436 | -20,738 |
| Purchases of fixed maturities | 139,666 | 23,889 |
| Purchases of other investments | 7,458 | 1,380 |
| Proceeds from sale and redemption of equity method investments | - | 163 |
| Purchases of equity method investments | 604 | 490 |
| Proceeds from sales of fixed maturities | 15,190 | 7,312 |
| Proceeds from maturities, paydowns and calls of fixed maturities | 149,346 | - |
| Proceeds from sale and redemption of other investments | 1,065 | 141 |
| Cash acquired from purchase of business | 79,807 | 79,807 |
| Net loan receivable from related party | -6,750 | - |
| Proceeds from maturities, paydowns and calls of fixed maturities | - | 26,670 |
| Others, net | 18 | 1 |
| Net cash provided by investing activities | 104,412 | 88,333 |
| Dividends paid kestrel equityholders | 40,000 | 40,000 |
| Net cash used in financing activities | -40,000 | -40,000 |
| Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents | 496 | 661 |
| Net increase (decrease) in cash, restricted cash and cash equivalents | 34,472 | 28,256 |
Kestrel Group Ltd (KG)
Kestrel Group Ltd (KG)