Kestrel Group Q2 net loss $8.1 million; Program Services fee revenue $3.7 million
Kestrel Group reported second quarter 2026 results on August 7, 2026, with a net loss of $8.1 million, or $1.03 per share, and total revenues of $6.7 million. Program Services fee revenue rose to $3.7 million and premium produced reached $109.6 million, both well above the second quarter of 2025, while the Legacy Reinsurance segment posted an underwriting loss of $1.3 million. For shareholders, the filing shows fast growth in the fee-based business alongside a continuing net loss.
Key points
- Net loss of $8.1 million, or $1.03 per share, in the second quarter; book value per common share was $14.57 at June 30, 2026.
- Program Services fee revenue was $3.7 million, up 587.9% from the second quarter of 2025; premium produced by client programs was $109.6 million, up 479.8%.
- Legacy Reinsurance segment had an underwriting loss of $1.3 million in the second quarter, including $0.7 million of severance-related costs in the Diversified business.
- Total assets were $919.6 million and shareholders' equity was $114.0 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.