Kestrel Group, Ltd.(KG)Earnings, Financials & Key Ratios
KG•NASDAQ•Insurance & Managed Care
$11.07
$86M mkt cap·Price updated May 6, 2026
AboutKestrel Group Ltd. engages in provides reinsurance products and services to regional and specialty property and casualty insurers. It operates through the following segments: Legacy Reinsurance, Insurance Programs, and Corporate. The Legacy Reinsurance segment focuses on the results of operations of all businesses of the company and its subsidiaries. The Insurance Programs segment refers to the results of operations of all businesses of Kestrel Group LLC. The Corporate segment relates to the general corporate and management-related expenses of the company and its subsidiaries. The company is headquartered in Hamilton, Bermuda.Show more
- Revenue$5M+294.7%
- Combined Ratio97.3%-77.6%
- Net Income$324K+107.7%
- Return on Equity0.22%+113.9%
- Medical Cost Ratio64.8%-75.6%
- Operating Margin2.7%+100.8%
- Net Margin6.18%+101.9%
- ROA0.07%+122.5%
- Equity / Assets962.2%+3586.5%
- Book Value per Share9.05-72.0%
- Tangible BV/Share9.05-72.0%
- Debt/Equity5.65+448203.3%
KG Key Insights
Kestrel Group, Ltd. (KG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 35.1% through buybacks
- ✓Trading at only 1.2x book value
✗Weaknesses
- ✗High debt to equity ratio of 5.6x
- ✗Weak momentum: RS Rating 6 (bottom 6%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
KG Price & Volume
Kestrel Group, Ltd. (KG) stock price & volume — 10-year historical chart
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KG Growth Metrics
Kestrel Group, Ltd. (KG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-62.4%
TTM-50.51%
Profit CAGR
10 Years-
5 Years-
3 Years-76.7%
TTM-400.91%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-77.58%
Return on Capital
10 Years0.55%
5 Years0.55%
3 Years-2.45%
Last Year0.03%
KG Recent Earnings
Kestrel Group, Ltd. (KG) EPS & revenue vs analyst estimates — last 2 quarters
Q4 2025Latest
Nov 5, 2025EPS
$1.95
Revenue
$20M
Q3 2025
Aug 15, 2025EPS
$0.72
Revenue
$546,000
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 5, 2025 | $1.95 | $20M |
| Q3 2025 | Aug 15, 2025 | $0.72 | $546,000 |
Based on last 2 quarters of dataView full earnings history →
KG Peer Comparison
Kestrel Group, Ltd. (KG) competitors in Run-off and legacy reinsurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KFRC | 768.57M | 42.05 | 21.45 | -5.43% | 2.6% | 27.22% | 0.56 | |
 HURN | 1.99B | 120.11 | 20.57 | 14.34% | 5.97% | 21.83% | 1.04 | |
 ICFI | 1.33B | 73.58 | 14.86 | -7.27% | 4.89% | 9.11% | 0.56 | |
 CACI | 11.03B | 499.42 | 22.38 | 12.64% | 5.86% | 13.15% | 0.86 | |
 SAIC | 4.25B | 94.36 | 12.25 | -2.9% | 4.93% | 23.73% | 0.14 | |
 BAH | 12.91B | 76.28 | 10.52 | 12.36% | 7.33% | 81.63% | 4.21 | |
 LDOS | 16.99B | 134.90 | 12.12 | 3.07% | 8.2% | 28.87% | 1.19 | |
 FCN | 4.85B | 160.99 | 19.54 | 2.44% | 6.88% | 15.14% | 0.34 |
Compare KG vs Peers
Kestrel Group, Ltd. (KG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KG Income Statement
Kestrel Group, Ltd. (KG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 186.59M | 98.72M | 58.13M | 1.33M | 5.25M | 27.46M |
| Revenue Growth % | - | -47.09% | -41.11% | -97.71% | 294.7% | -50.51% |
| Medical Costs & Claims | 0 | 0 | 0 | 3.53M | 3.4M | -1.07M |
| Medical Cost Ratio % | 0% | 0% | 0% | 265.05% | 64.8% | -3.88% |
| Gross Profit | 186.59M▲ 0% | 98.72M▼ 47.1% | 58.13M▼ 41.1% | -2.2M▼ 103.8% | 1.85M▲ 184.2% | 20.91M▲ 0% |
| Gross Margin % | 100% | 100% | 100% | -165.05% | 35.2% | 76.12% |
| Gross Profit Growth % | - | -47.09% | -41.11% | -103.78% | 184.17% | - |
| Operating Expenses | 0 | 0 | 0 | 2.25M | 1.71M | -21.77M |
| OpEx / Revenue % | 0% | 0% | 0% | 169.17% | 32.5% | -79.29% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | -6.07M |
| Combined Ratio % | 0% | 0% | 0% | 434.22% | 97.3% | -83.17% |
| Operating Income | 66.88M▲ 0% | 30.55M▼ 54.3% | -49.32M▼ 261.4% | -4.45M▲ 91.0% | 141.76K▲ 103.2% | -89.63M▲ 0% |
| Operating Margin % | 35.84% | 30.95% | -84.84% | -334.22% | 2.7% | -326.37% |
| Operating Income Growth % | - | -54.31% | -261.41% | 90.99% | 103.19% | - |
| EBITDA | 55.88M | 38.24M | -41.06M | -4.45M | 141.76K | -80.55M |
| EBITDA Margin % | 29.95% | 38.73% | -70.64% | -334.22% | 2.7% | -293.32% |
| Interest Expense | 19.32M | 19.33M | 19.33M | 0 | 0 | 15.28M |
| Non-Operating Income | 10.99M | -7.68M | -8.26M | 0 | 0 | -21.33M |
| Pretax Income | 41.66M▲ 0% | 26.66M▼ 36.0% | -60.6M▼ 327.3% | -4.22M▲ 93.0% | 354.31K▲ 108.4% | -99.7M▲ 0% |
| Pretax Margin % | 22.33% | 27.01% | -104.24% | -316.94% | 6.75% | -363.05% |
| Income Tax | -104K | 15K | -557K | 0 | 30.04K | 599K |
| Effective Tax Rate % | -0.25% | 0.06% | 0.92% | 0% | 8.48% | -0.6% |
| Net Income | 41.76M▲ 0% | 25.62M▼ 38.6% | -60.35M▼ 335.5% | -4.22M▲ 93.0% | 324.27K▲ 107.7% | -101.76M▲ 0% |
| Net Margin % | 22.38% | 25.96% | -103.82% | -316.94% | 6.18% | -370.55% |
| Net Income Growth % | - | -38.64% | -335.54% | 93.02% | 107.69% | -400.91% |
| EPS (Diluted) | 18.96▲ 0% | 27.10▲ 42.9% | 12.65▼ 53.3% | -0.55▼ 104.3% | -40.23▼ 7214.5% | -13.14▲ 0% |
| EPS Growth % | - | 42.93% | -53.32% | -104.35% | -7214.55% | -77.58% |
| EPS (Basic) | 18.96 | 27.10 | 12.65 | -0.55 | -40.23 | - |
| Diluted Shares Outstanding | 4.22M | 4.3M | 4.36M | 7.7M | 5M | 7.74M |
KG Balance Sheet
Kestrel Group, Ltd. (KG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Assets | 2.95B | 2.32B | 1.85B | 954.6M | 4.7M | 1.13B |
| Asset Growth % | - | -21.23% | -20.48% | -48.31% | -99.51% | -21.99% |
| Total Investment Assets | 0 | 0 | 0 | 0 | 0 | 3M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 830.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 168.84M |
| Total Current Assets | 1.5B | 1.36B | 1.13B | 5.59M | 4.47M | 728.88M |
| Cash & Equivalents | 135.83M | 66.09M | 46.62M | 5.55M | 4.29M | 12.89M |
| Receivables | 0 | 0 | 0 | 0 | 153.94K | 1.07B |
| Other Current Assets | 1.5B | 1.36B | 1.07B | 37.31K | 33.16K | 32.71M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 21.81M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 10.37M |
| PP&E (Net) | 0 | 0 | 0 | 292.33K | 223.46K | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | 145.72M |
| Total Liabilities | 2.42B | 1.94B | 1.56B | 705.44M | 699.48M | 986.67M |
| Total Debt | 255.13M | 255.35M | 255.57M | 314K | 255.28M | 174.08M |
| Net Debt | 119.3M | 189.26M | 208.95M | -5.24M | 250.99M | 161.19M |
| Long-Term Debt | 255.13M | 255.35M | 255.57M | 254.6M | 254.76M | 174.08M |
| Short-Term Debt | 0 | 0 | 0 | 201K | 277K | 0 |
| Total Current Liabilities | 1.95B | 1.53B | 1.19B | 2.23M | 735.91K | 697.28M |
| Accounts Payable | 0 | 0 | 0 | 1.72M | 298.65K | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 19.61M |
| Other Current Liabilities | 1.95B | 1.53B | 1.19B | 236.28K | 84.77K | 677.67M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -330.07M | -304.31M | -303.28M | -327.86M | -363.64M | 115.3M |
| Total Equity | 527.82M▲ 0% | 384.26M▼ 27.2% | 284.58M▼ 25.9% | 249.16M▼ 12.4% | 45.19M▼ 81.9% | 143.77M▲ 0% |
| Equity Growth % | - | -27.2% | -25.94% | -12.45% | -81.86% | -81.86% |
| Shareholders Equity | 527.82M | 384.26M | 284.58M | 249.16M | 45.19M | 143.77M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -615.84M | -498.3M | -442.86M | -486.94M | -687.91M | 18.95M |
| Common Stock | 898K | 923K | 1.49M | 1.5M | 1.5M | 100K |
| Accumulated OCI | 23.86M | -12.21M | -41.23M | -6.67M | -32.73M | -916K |
| Return on Equity (ROE) | 7.91% | 5.62% | -18.05% | -1.58% | 0.22% | -70.78% |
| Return on Assets (ROA) | 1.42% | 0.97% | -2.9% | -0.3% | 0.07% | -9% |
| Equity / Assets | 17.9% | 16.54% | 15.41% | 26.1% | 962.2% | 12.72% |
| Debt / Equity | 0.48x | 0.66x | 0.90x | 0.00x | 5.65x | 5.65x |
| Book Value per Share | 125.17 | 89.29 | 65.33 | 32.35 | 9.05 | 18.57 |
| Tangible BV per Share | 125.17 | 89.29 | 65.33 | 32.35 | 9.05 | 17.23 |
KG Cash Flow Statement
Kestrel Group, Ltd. (KG) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -541.77M | -394.43M | -195.93M | -2.49M | -67.45M | -67.45M |
| Operating CF Growth % | - | 27.2% | 50.33% | 98.73% | -2613.89% | -876.54% |
| Operating CF / Revenue % | -290.35% | -399.54% | -337.04% | -186.86% | -1284.84% | -245.61% |
| Net Income | 41.76M | 25.62M | -60.35M | -4.22M | -200.97M | -101.76M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | -6.07M |
| Stock-Based Compensation | 0 | 0 | 0 | 59.7K | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -9.89M | -18.84M | -2.71M | 66.41K | -19.87M | -79.31M |
| Working Capital Changes | -573.65M | -401.22M | -132.87M | 1.6M | 153.39M | 105.57M |
| Cash from Investing | 596.04M | 464.06M | 188.79M | 0 | 77.74M | 75.08M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 2.73M | 0 | 0 | 1000K |
| Purchase of Investments | -532.07M | -367.29M | -191.87M | 0 | -565.15M | -805.75M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 0 | 1000K | 4M |
| Other Investing | -608K | 396K | -88K | 0 | -328K | -22.73M |
| Cash from Financing | -30.13M | -138.9M | -10.98M | 0 | -3.73M | -40.6M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -40M |
| Share Repurchases | -30.13M | -138.74M | -10.99M | 0 | -3.73M | -602K |
| Stock Issued | 0 | 0 | 10K | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -166K | 0 | 0 | 0 | 0 |
| Net Change in Cash | 28.55M▲ 0% | -69.74M▼ 344.3% | -19.46M▲ 72.1% | -2.49M▲ 87.2% | -7.94M▼ 219.6% | -57.94M▲ 0% |
| Exchange Rate Effect | 1000K | -470K | -1000K | 0 | -1000K | -1.52M |
| Cash at Beginning | 107.28M | 135.83M | 66.09M | 8.04M | 42.68M | 33.67M |
| Cash at End | 135.83M | 66.09M | 46.62M | 5.55M | 34.73M | 40.52M |
| Free Cash Flow | -541.77M▲ 0% | -394.43M▲ 27.2% | -195.93M▲ 50.3% | -2.49M▲ 98.7% | -67.45M▼ 2613.9% | -72.35M▲ 0% |
| FCF Growth % | - | 27.2% | 50.33% | 98.73% | -2613.89% | -459.26% |
| FCF Margin % | -290.35% | -399.54% | -337.04% | -186.86% | -1284.84% | -263.46% |
| FCF per Share | -128.48 | -91.65 | -44.98 | -0.32 | -13.5 | -13.5 |
KG Key Ratios
Kestrel Group, Ltd. (KG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Combined Ratio | 0% | 0% | 434.22% | 97.3% | -83.17% |
| Medical Cost Ratio | 0% | 0% | 265.05% | 64.8% | -3.88% |
| Return on Equity (ROE) | 5.62% | -18.05% | -1.58% | 0.22% | -70.78% |
| Return on Assets (ROA) | 0.97% | -2.9% | -0.3% | 0.07% | -9% |
| Equity / Assets | 16.54% | 15.41% | 26.1% | 962.2% | 12.72% |
| Book Value / Share | 89.29 | 65.33 | 32.35 | 9.05 | 18.57 |
| Debt / Equity | 0.66x | 0.90x | 0.00x | 5.65x | 5.65x |
| Revenue Growth | -47.09% | -41.11% | -97.71% | 294.7% | -50.51% |
KG Frequently Asked Questions
Kestrel Group, Ltd. (KG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Kestrel Group, Ltd. (KG) grew revenue by 294.7% over the past year. This is strong growth.
Kestrel Group, Ltd. (KG) reported a net loss of $101.8M for fiscal year 2024.
Dividend & Returns
Kestrel Group, Ltd. (KG) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.
Industry Metrics
Kestrel Group, Ltd. (KG) has a combined ratio of 97.3%. A ratio below 100% indicates underwriting profitability.
Explore More KG
Kestrel Group, Ltd. (KG) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates