Microcap Ledger

Tickers · $KG

Kestrel Group Ltd $KG

By Microcap Ledger desk · CIK 0002055116

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Fire, Marine & Casualty Insurance
Headquarters
Pembroke
Fiscal year end
December 31
Shares outstanding
7,824,030 [10-Q 2026-08-07]
as of 2026-08-03

Sources: [10-K 2026-03-13]

What the company doesAI summary of filing

Kestrel Group Ltd, formed in May 2025 through the combination of Kestrel Group LLC and Maiden Holdings Ltd, operates as a specialty program group providing fronting services and reinsurance. The company generates revenue primarily through fee-based insurance services in its Program Services segment, which facilitates insurance transactions between program managers, managing general agencies, reinsurers, and capacity providers using exclusive management contracts with four AmTrust-affiliated insurance carriers; the company also carries a Legacy Reinsurance segment consisting of run-off reinsurance business previously written by Maiden. Kestrel earns fees averaging 5 percent of gross written premium for providing access to licensed U.S. carriers with A.M. Best ratings, administrative support, and compliance services, while capacity providers and program managers retain most underwriting risk. The company is in active revenue-generating stage with $6.1 million in fee revenue for 2025 and is pursuing growth in fee income while managing the run-off of legacy reinsurance portfolios. [10-K 2026-03-13]

Segments: Program Services, Legacy Reinsurance

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$16.91M−$15.51M −$40.95M$16.06M[10-Q 2026-08-07]
FY ended Dec 2025$34.05M$46.73M −$96.14M$20.04M[10-K 2026-03-13]
FY ended Dec 2024$3.85M−$1.29M −$1.27M$4.29M[10-K 2026-03-13]
Quarterly cash burn
−$20.48M
Cash runway Estimate
~2.4 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2025-08-127,741,943[10-Q 2025-08-15]
2025-11-037,741,943[10-Q 2025-11-05]
2026-03-067,741,943[10-K 2026-03-13]
2026-05-017,824,030[10-Q 2026-05-08]
2026-08-037,824,030[10-Q 2026-08-07]

Listing status

Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-09-24Nigro Steven Haroldbuy2,500$5.34[4 2026-09-24]
2026-06-10Nigro Steven Haroldgrant5,718—[4 2026-06-12]
2026-06-10Cohen Erikgrant5,718—[4 2026-06-12]
2026-06-10Weissmann Jeffreygrant5,718—[4 2026-06-12]
2026-06-10Hotchkiss Michaelgrant5,718—[4 2026-06-12]
2026-06-10Brecher Josephgrant5,718—[4 2026-06-12]
2026-03-18Haveron Patrick Jgrant97,192—[4 2026-03-20]
2026-03-18Haveron Patrick Jother12,749$9.96[4 2026-03-20]
2026-03-18Haveron Patrick Jgrant48,596—[4 2026-03-20]
2026-03-18Ledbetter Bradford Lukegrant97,192—[4 2026-03-20]
2026-03-18Ledbetter Bradford Lukegrant48,596—[4 2026-03-20]
2026-03-18Ledbetter Bradford Lukeother12,749$9.96[4 2026-03-20]

Catalysts and calendar

Recent filings and releases
DateTypeTitle
2026-08-0710-QQuarterly report
2026-08-078-KResults of operations; Regulation FD disclosure
2026-06-158-KShareholder vote results
2026-06-088-KOther events
2026-05-148-KDirector or officer change
2026-05-0810-QQuarterly report
2026-05-088-KResults of operations; Regulation FD disclosure
2026-04-24DEF 14AProxy statement
2026-04-068-KAuditor change
2026-03-2013D/ABeneficial ownership report (5%+ holder)
2026-03-2013D/ABeneficial ownership report (5%+ holder)
2026-03-168-KDirector or officer change

Facts as of . Small caps move fast; check the latest filings.