Q1 Financial Results: Kestrel Group and NI Holdings


Kestrel Group: fronting growth offset by legacy reinsurance drag

Kestrel Group, a specialty insurance platform focused on fronting services, reported a net loss from continuing operations of $7.0 million for the three months ended March 31, 2026, or a loss of $0.90 per share. Total revenues were $10.2 million, and net premiums earned were $3.2 million. Book value per common share stood at $15.52 as of March 31, 2026.



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