Kestrel Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt Securities	163.17	-	250.6	314.53	597.15
Equity and Preferred Securities	45.28	-	122.65	123.78	107.75
Other Investments	173.36	-	186.39	148.75	117.72
Total Investments	381.81	-	559.64	587.06	822.61
Cash & Equivalents	16.95	4.29	42.68	46.62	66.09
Reinsurance Contract Assets	461.2	-	564.33	556.12	562.85
Deferred Acquisition Costs	-	-	17.57	24.98	36.7
Other Receivables	16.65	-	160.97	456.24	661.61
Other Intangible Assets	9.35	-	-	-	-
Other Assets	124.01	1.22	173.75	175.85	172.75
Total Assets	1,010	5.51	1,519	1,847	2,323
Unearned Premiums	17.41	-	46.26	67.08	100.13
Claims Reserves	637.17	-	867.43	1,131	1,489
Reinsurance Contract Liabilities	-	-	73.24	47.71	48.96
Accrued Expenses	51.57	0.9	28.24	60.52	44.54
Total Debt	174.4	-	254.6	255.57	255.35
Other Liabilities	1.12	-	-	-	-
Total Liabilities	881.67	0.9	1,270	1,562	1,938
Preferred Stock	-	-	-	-	159.21
Common Stock	0.1	0.03	1.5	1.49	0.92
Treasury Stock	-51.46	-	-120	-117.08	-34.02
Additional Paid-in Capital	177.53	10.11	886.07	884.26	768.65
Accumulated Other Comprehensive Income	0.92	-	-31.47	-41.23	-12.22
Retained Earnings	1.2	-5.53	-486.95	-442.86	-498.3
Shareholders' Equity	128.28	4.61	249.16	284.58	384.26
Total Liabilities & Equity	1,010	5.51	1,519	1,847	2,323
Book Value	128.28	4.61	249.16	284.58	384.26
Book Value Per Share	22.38	1.67	57.20	65.33	89.29
Tangible Book Value	118.94	4.61	249.16	284.58	384.26
Tangible Book Value Per Share	20.75	1.67	57.20	65.33	89.29

Updated Mar 13, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q