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KGNasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31

Kestrel Group Ltd

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$4.43−0.17 (-3.65%)

Close on Oct 19, 2026

Market cap
$34.70M
P/E (TTM)
0.5
Dividend yield
–

About Kestrel

Fire, Marine & Casualty Insurance, SIC 6331

Kestrel Group Ltd is a specialty insurance organization operating through two primary segments: Program Services and Legacy Reinsurance. In its Program Services business, the company provides fronting facilities and issuing carrier capacity, delivering administrative support, regulatory compliance reporting, and access to carrier networks. Its offerings include admitted and surplus lines across casualty, workers' compensation, and both catastrophe and non-catastrophe property insurance. The company serves managing general agencies, insurance program managers, reinsurance brokers, and reinsurers. Its Legacy Reinsurance division manages runoff portfolios of commercial insurance, hospital liability, and property and casualty reinsurance.

The company provides insurance services across all U.S. states through contracts with four partner carriers. Geographically, its operations and legacy subsidiaries extend to the United States, Bermuda, the United Kingdom, and Scandinavian and Northern European countries such as Sweden. Its subsidiaries include entities licensed or organized in Vermont, Delaware, England and Wales, and Sweden, while predecessor holding entity Maiden Holdings remains based in Bermuda.

Summary of the business section of Kestrel's latest annual report, written by StockData.

Company profile

Company

Legal name
Kestrel Group Ltd
Founded
2025
Headquarters
Pembroke, Bermuda
Address
11 Bermudiana Road, Mailboxes Suite 1141 HM 08
Phone
(441) 298-4900
Employees
44, Dec 31, 2025
Industry
Fire, Marine & Casualty Insurance
Incorporated in
D0
Fiscal year ends
December 31
Auditor
Ernst & Young LLP, New York, New York

Stock & identifiers

Ticker
KG
Exchange
Nasdaq
Shares outstanding
8M, Aug 3, 2026
Public float
$113.90M, Jun 30, 2025
Filer category
Accelerated filer<br>Smaller reporting company
Stock splits
1-for-20 reverse, May 28, 2025
SEC CIK
2055116
CUSIP
G5260K102
ISIN
USG5260K1028
EIN
98-1833921

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Bradford Luke LedbetterChief Executive Officer, Director585,980
Terry Lee LedbetterExecutive Chairman, Director1,038,921
Patrick J. HaveronPresident and CFO270,214
Lawrence F. MetzSee Remarks102,597
Steven Harold NigroDirector24,555
Michael HotchkissDirector8,055
Joseph BrecherDirector13,555
Jeffrey WeissmannDirector8,055
Erik CohenDirector8,055

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025
Luke Ledbetter
$1.53M$1.53M$1.45M$45–

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Corporate history

Events identified from SEC filings

DateEventDetails
Apr 6, 2026Auditor changeChange in certifying accountant (8-K Item 4.01)
Aug 15, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Aug 11, 2025Late filingNotification of late filing
Jun 24, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
May 30, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 29, 2025Name changeName changed from Ranger Bermuda Topco Ltd to Kestrel Group Ltd
May 27, 2025ListingRegistration of securities on an exchange (Form 8-A)
Mar 10, 2025MergerRegistration of securities for a merger or exchange offer (S-4)