Kestrel Group Ltd
KGFinancial·Insurance - Reinsurance·Bermuda·Nano·NASD·Nov 11 • 3:59 PM ET
Price
KG against its 20, 50 and 200-day averages79.2% under the 52-week high of 18.40 on 11 Nov 2025. 52-week low 3.74 on 11 Nov 2026. Last 15 sessions, 45.3% high to low
Volume 0.18× normal · the line is the 50-bar volume average
Profile
KGKestrel 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.
| Employees | 44 |
|---|---|
| IPO | May 06, 2008 |
| Beta | 0.78 |
| ATR, 14d | 0.40 |
| Rel volume | 0.18 |
| Short float | 0.79% |
| Insider own | 41.71% |
| Inst own | 19.82% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 33.37M |
| Enterprise Value | - |
| Income | -49.74M |
| Sales | 31.85M |
| Book/sh | 12.50 |
| Cash/sh | - |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | 0.00% |
| Employees | 44 |
| IPO | May 06, 2008 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 1.05 |
| P/B | 0.31 |
| P/C | - |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | - |
| Current Ratio | 0.62 |
| Debt/Eq | 1.81 |
| LT Debt/Eq | 1.81 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -6.37 |
|---|---|
| EPS next Y | - |
| EPS next Q | - |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | -13.63% -15.53% |
| Sales past 3/5Y | -16.33% -28.84% |
| EPS Y/Y TTM | 66.77% |
| Sales Y/Y TTM | 7.54% |
| EPS Q/Q | -219.86% |
| Sales Q/Q | -72.70% |
| Earnings | Aug 07 BMO |
| EPS/Sales Surpr. | - - |
Ownership
| Insider Own | 41.71% |
|---|---|
| Insider Trans | 0.07% |
| Inst Own | 19.82% |
| Inst Trans | -7.38% |
| ROA | -8.49% |
| ROE | -39.56% |
| ROIC | -18.04% |
| Gross Margin | - |
| Oper. Margin | -99.70% |
| Profit Margin | -156.16% |
| SMA20 | -13.87% |
| SMA50 | -26.82% |
| SMA200 | -59.21% |
| Trades | - |
Technical
| Shs Outstand | 7.82M |
|---|---|
| Shs Float | 5.09M |
| Short Float | 0.79% |
| Short Ratio | 1.79 |
| Short Interest | 0.04M |
| 52W High | 18.40 -79.24% |
| 52W Low | 3.84 -0.52% |
| Volatility | 9.02% 8.99% |
| ATR (14) | 0.40 |
| RSI (14) | 34.41 |
| Beta | 0.78 |
| Rel Volume | 0.18 |
| Avg Volume | 22.60K |
| Volume | 4,096 |
Performance
| Perf Week | -10.96% |
|---|---|
| Perf Month | -18.55% |
| Perf Quarter | -50.58% |
| Perf Half Y | -66.22% |
| Perf YTD | -62.70% |
| Perf Year | -77.65% |
| Perf 3Y | -87.60% |
| Perf 5Y | -94.01% |
| Perf 10Y | -98.79% |
| Recom | 3.00 |
| Target Price | 1.00 |
| Prev Close | 3.94 |
| Price | 3.82 |
| Change % | -3.05% |
Analyst ratings
latest 10 of 20| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| May 15, 2018 | Downgrade | JJMP Securities | Mkt Outperform → Mkt Perform | ||
| Aug 10, 2017 | Resumed | JJMP Securities | Mkt Outperform | $9 | +135.6% |
| Aug 10, 2017 | Downgrade | KKeefe Bruyette | Outperform → Mkt Perform | ||
| Jul 11, 2017 | Reiterated | FFBR & Co. | Mkt Perform | $13 → $12 | +214.1% |
| Apr 03, 2017 | Reiterated | FFBR & Co. | Mkt Perform | $16 → $13 | +240.3% |
| Jan 31, 2017 | Resumed | KKeefe Bruyette | Outperform | ||
| Nov 28, 2016 | Downgrade | FFBR & Co. | Outperform → Mkt Perform | ||
| Feb 24, 2016 | Reiterated | CCompass Point | Buy | $19 → $18 | +371.2% |
| Aug 06, 2015 | Reiterated | CCompass Point | Buy | $18 → $19 | +397.4% |
| May 06, 2015 | Reiterated | CCompass Point | Buy | $17 → $18 | +371.2% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| SPNT | SiriusPoint Ltd | 3.11B |
| JRVR | James River Group Holdings Inc | 150.31M |
| OSG | Octave Specialty Group Inc | 238.37M |
| ARX | Accelerant Holdings | 4.32B |
| GLRE | Greenlight Capital Re Ltd | 528.74M |
| HG | Hamilton Insurance Group Ltd | 3.79B |
| OXBR | Oxbridge Re Holdings Ltd | 7.45M |
| EG | Everest Group Ltd | 15.70B |
| RNR | RenaissanceRe Holdings Ltd | 14.30B |
| MBI | MBIA Inc | 240.81M |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| NIGRO STEVEN HAROLD | Director | Sep 24 '26 | Buy | 5.34 | 2,500 | 13,350 | 24,555 | Sep 24 04:52 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| IWC | iShares Micro-Cap ETF | AUM: 1.22B |
| DFAS | U.S. Small Cap Portfolio-ETF Class Shares | AUM: 15.51B |
| DFMC | U.S. Micro Cap Portfolio ETF Class Shares | AUM: 212.10M |
| DCOR | US Core Equity 1 Portfolio ETF Class Shares | AUM: 3.65B |
| DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | AUM: 49.14B |
News
latest 14 of 200- Kestrel Group Reports Third Quarter 2026 Financial Results (PR Newswire) -5.42%
- Kestrel Group Reports Second Quarter 2026 Financial Results (PR Newswire)
- Maiden Holdings: Q1 Earnings Snapshot (Associated Press) +6.46%
- Kestrel Group Reports First Quarter 2026 Financial Results (PR Newswire)
- VIDEO - BTV Visits the Yukon: 7 Companies Advancing Growth: Banyan Gold, Fuerte Metals, Sitka Gold, White Gold, Klondike Gold, Cascadia Minerals & Silver North (TMX Newsfile)
- Maiden Holdings: Q4 Earnings Snapshot (Associated Press Finance)
- Kestrel Group Reports Fourth Quarter and Full Year 2025 Financial Results (PR Newswire)
- Maiden Holdings: Q3 Earnings Snapshot (Associated Press Finance) -19.74%
- Kestrel Group Reports Third Quarter 2025 Financial Results (PR Newswire)
- Maiden Holdings: Q2 Earnings Snapshot (Associated Press Finance) -7.51%
- Kestrel Group Announces 2025 Second Quarter Financial Results (PR Newswire)
- Kestrel Group and Maiden Holdings Complete Combination to Form a New Publicly Listed Specialty Program Platform (PR Newswire) +15.00%
- Maiden Holdings, Ltd. Releases First Quarter 2025 Financial Results and Updates on Strategic Transactions (Business Wire)
- Maiden Holdings Announces Shareholder Approval of Combination with Kestrel (Business Wire) +12.90%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q1 | 2026-05-08 | -1.340 | - | -0.959 | 10.19 | - | - |
| 2025Q4 | 2026-03-13 | - | - | -2.293 | 10.21 | - | - |
| 2025Q3 | 2025-11-05 | -1.950 | - | -0.653 | 17.45 | - | - |
| 2022Q2 | 2022-08-09 | 3.800 | - | 5.882 | 3.34 | - | - |
| 2022Q1 | 2022-05-10 | -1.600 | - | 0.366 | - | - | - |
| 2021Q4 | 2022-03-15 | 0.600 | - | 3.750 | 3.07 | - | - |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2010FY | 20.400 | 20.266 | 19.600 | 1,298 | 1,223 |
| 2011FY | 19.200 | 20.266 | 7.800 | 1,813 | 1,844 |
| 2012FY | 13.200 | 13.672 | 12.800 | 2,001 | 1,932 |
| 2013FY | 23.600 | 22.600 | 23.600 | 2,204 | 2,209 |
| 2014FY | 30.600 | 29.600 | 20.800 | 2,507 | 2,428 |
| 2015FY | 27.800 | 30.266 | 26.200 | 2,663 | 2,790 |
| 2016FY | 6.048 | 2.700 | 3.868 | 2,831 | 2,832 |
| 2017FY | -43.200 | -7.500 | -46.470 | 2,816 | 2,815 |
| 2018FY | -113.6 | -55.500 | -5.503 | 2,018 | 2,392 |
| 2019FY | -6.400 | - | -25.627 | -528.59 | - |
| 2021FY | 14.000 | - | 27.100 | 10.94 | - |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| No estimate revisions. | ||||||||
Estimate history
| EPS, annual | -46.47 | -5.503 | -25.627 | 18.962 | 27.1 | 12.654 | -7.609 | -9.389 | 8.153 | -6.3726 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -6.913 | -31.828 | -1.744 | 15.046 | -0.653 | -2.293 | -0.959 | -1.033 | -2.088 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 2138.818 | 2170.639 | 576.3 | 186.591 | 98.721 | 58.132 | 89.234 | 3.847 | 34.049 | 31.85 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 14.477 | -7.432 | 14.049 | 5.555 | 17.445 | 10.208 | 10.193 | 6.686 | 4.763 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 4.149 | 82.949 | 4.157 | 4.24 | 4.323 | 5.077 | 5.024 | 0.137 | 7.742 | 7.824 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 4.971 | 4.952 | 4.984 | 7.742 | 7.742 | 7.742 | 7.824 | 7.824 | 7.824 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 31.85 | 34.05 | 3.85 | 89.23 | 58.13 | 98.72 | 186.59 | 576.30 | 2,170.64 |
| Losses, Claims & Reserves | 14.27 | 8.99 | 0.00 | 61.23 | 57.99 | 7.31 | 41.80 | 452.83 | 1,880.12 |
| Selling, General and Administrative Incl. Other | 49.34 | 32.19 | 5.11 | 50.26 | 49.46 | 60.86 | 77.91 | 216.98 | 719.68 |
| Operating Income before Interest Expense | -31.75 | -7.14 | -1.26 | -22.25 | -49.32 | 30.55 | 66.88 | -93.51 | -429.16 |
| Interest Expense | 16.55 | 9.87 | 0.00 | 18.23 | 19.33 | 19.33 | 19.32 | 19.32 | 19.32 |
| Unusual Expense | - | -68.31 | 0.00 | - | - | 0.00 | 2.47 | 0.17 | 5.83 |
| Net Income Before Taxes | -47.97 | 49.58 | -1.26 | -46.22 | -60.39 | 18.91 | 36.56 | -110.27 | -449.85 |
| Income Taxes | -0.13 | 0.07 | 0.03 | 0.20 | -0.56 | 0.01 | -0.10 | -0.91 | 0.44 |
| Consolidated Net Income | -47.79 | 49.54 | -1.29 | -38.57 | -60.35 | 25.62 | 41.76 | -109.36 | -450.31 |
| Net Income From Continuing Operations | -47.79 | 49.54 | -1.29 | -38.57 | -60.35 | 25.62 | 41.76 | -109.36 | -450.53 |
| Net Income | -49.74 | 46.30 | -1.29 | -38.57 | 55.12 | 116.62 | 79.96 | -106.43 | -456.98 |
| EPS (Recurring) | -6.35 | -0.26 | -9.39 | -7.61 | 12.65 | 27.10 | 19.37 | -25.60 | -5.45 |
| EPS (Basic, Before Extraordinaries) | -6.37 | 8.15 | -9.39 | -7.61 | 12.65 | 27.10 | 18.96 | -25.63 | -5.50 |
| EPS (Diluted) | -6.37 | 8.15 | -9.39 | -7.61 | 12.65 | 27.10 | 18.96 | -25.63 | -5.50 |
| Non-Operating Income (Expense) | 5.61 | -1.72 | 0.00 | -5.74 | 8.26 | 7.68 | -8.53 | 2.72 | 4.46 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | -0.31 | -1.02 | 0.00 | 0.00 | -0.02 |
| Stock Option Compensation Expense | - | 0.70 | 0.05 | 1.73 | 2.74 | 4.77 | 2.44 | 1.91 | 1.28 |
| Price To Sales Ratio | 1.31 | 1.72 | 1.21 | 2.60 | 3.16 | 2.67 | 1.13 | 0.11 | 0.06 |
| Operating Margin | -99.70 | -20.96 | -32.78 | -24.94 | -84.84 | 30.95 | 35.84 | -16.23 | -19.77 |
| Net Margin | -156.16 | 135.98 | -33.56 | -43.22 | 94.82 | 118.13 | 42.85 | -18.47 | -21.05 |
| Shares Outstanding | 7.82 | 7.74 | 0.14 | 5.02 | 5.08 | 4.32 | 4.24 | 4.16 | 82.95 |
| Market Capitalization | 34.42 | 34.42 | 74.48 | - | - | - | - | - | - |
| Operating Income after Interest Expense | - | -17.00 | -1.26 | -40.48 | -68.65 | 11.23 | 47.55 | -112.83 | -448.48 |
| Reserves Increase (Decrease) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 4.76 | 6.69 | 10.19 | 10.21 | 17.45 | 5.55 | 14.05 | -7.43 |
| Losses, Claims & Reserves | 5.95 | 1.51 | 2.25 | 4.55 | 10.41 | 5.96 | -7.62 | 140.67 |
| Selling, General and Administrative Incl. Other | 11.57 | 11.48 | 13.22 | 13.07 | 12.50 | 5.47 | 15.33 | 14.23 |
| Operating Income before Interest Expense | -12.76 | -6.30 | -5.28 | -7.41 | -5.46 | -5.88 | 6.34 | -162.34 |
| Interest Expense | 4.26 | 4.18 | 3.90 | 4.22 | 4.13 | 1.52 | 4.82 | 4.82 |
| Operating Income after Interest Expense | -17.02 | -10.48 | -9.17 | -11.63 | -9.59 | -7.40 | 1.52 | -167.16 |
| Unusual Expense | 0.00 | - | - | 5.28 | -2.68 | 2.68 | - | - |
| Net Income Before Taxes | -16.34 | -8.20 | -6.95 | -16.48 | -4.06 | 70.42 | -5.91 | -156.29 |
| Income Taxes | 0.01 | -0.11 | 0.01 | -0.03 | 0.01 | 0.00 | 0.01 | 0.58 |
| Consolidated Net Income | -16.36 | -8.08 | -6.95 | -16.40 | -4.09 | 70.42 | -8.64 | -157.99 |
| Net Income From Continuing Operations | -16.36 | -8.08 | -6.95 | -16.40 | -4.09 | 70.42 | -8.64 | -157.99 |
| Net Income | -16.36 | -8.08 | -7.43 | -17.87 | -5.05 | 69.74 | -8.64 | -157.99 |
| EPS (Recurring) | -2.09 | -1.03 | -0.96 | -1.83 | -0.89 | 15.45 | -1.74 | -31.83 |
| EPS (Basic, Before Extraordinaries) | -2.09 | -1.03 | -0.96 | -2.29 | -0.65 | 15.05 | -1.74 | -31.83 |
| EPS (Diluted) | -2.09 | -1.03 | -0.96 | -2.29 | -0.65 | 15.05 | -1.74 | -31.83 |
| Non-Operating Income (Expense) | 0.68 | 2.28 | 2.23 | 0.43 | 2.85 | 68.58 | -7.43 | 10.86 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.55 | 1.17 | 1.45 | - | - | - | 0.52 | 0.55 |
| Price To Earnings Ratio | - | 0.81 | 1.04 | - | - | - | - | - |
| Price To Sales Ratio | 1.31 | 1.58 | 1.93 | 1.68 | 7.14 | 4.61 | 1.36 | 2.97 |
| Operating Margin | -267.86 | -94.30 | -51.78 | -72.63 | -31.31 | -105.85 | 45.13 | 2,184.30 |
| Net Margin | -343.38 | -120.88 | -72.90 | -175.06 | -28.97 | 1,255.48 | -61.53 | 2,125.79 |
| Shares Outstanding | 7.82 | 7.82 | 7.82 | 7.74 | 7.74 | 7.74 | 4.98 | 4.95 |
| Market Capitalization | 34.42 | 70.42 | 83.61 | 79.28 | 211.43 | 132.18 | 139.66 | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Cash | 16.95 | 4.29 | 42.68 | 46.62 | 66.09 | 135.83 | 107.28 | 330.99 | 149.38 |
| Investments | 347.00 | 0.00 | 599.30 | 640.60 | 906.85 | 1,423.80 | 2,035.24 | 4,258.94 | 3,979.89 |
| Premium Balance Receivables - Insurance | 0.72 | 0.00 | 12.45 | 10.71 | 19.51 | 5.78 | 12.18 | 68.00 | 72.49 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investment in Unconsolidated Affiliates | 121.69 | 0.00 | 128.31 | 114.44 | 83.74 | 64.48 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 62.40 | 1.22 | 171.86 | 1,034.50 | 1,246.43 | 1,318.57 | 1,413.50 | 557.63 | 2,442.43 |
| Total Assets | 548.76 | 5.51 | 954.60 | 1,846.87 | 2,322.61 | 2,948.45 | 3,568.20 | 5,215.56 | 6,644.19 |
| Insurance Policy Liabilities - Insurance | 193.38 | 0.00 | 349.36 | 1,198.49 | 1,589.50 | 2,037.57 | 2,660.18 | 4,254.65 | 3,617.60 |
| Total Debt | 176.46 | 0.00 | 254.82 | 255.57 | 255.35 | 255.13 | 254.91 | 254.69 | 254.48 |
| Long Term Debt | 176.09 | 0.00 | 254.62 | 255.57 | 255.35 | 255.13 | 254.91 | 254.69 | 254.48 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 50.64 | 0.90 | 101.26 | 108.23 | 93.50 | 127.94 | 145.39 | 151.30 | 1,539.48 |
| Total Liabilities | 420.47 | 0.90 | 705.44 | 1,562.29 | 1,938.35 | 2,420.64 | 3,060.48 | 4,660.64 | 5,411.56 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 159.21 | 394.31 | 465.00 | 465.00 | 465.00 |
| Common Equity | 128.28 | 4.61 | 249.16 | 284.58 | 225.05 | 133.51 | 42.72 | 89.28 | 767.17 |
| Total Shareholders Equity | 128.28 | 4.61 | 249.16 | 284.58 | 384.26 | 527.82 | 507.72 | 554.27 | 1,232.17 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.45 |
| Total Equity | 128.28 | 4.61 | 249.16 | 284.58 | 384.26 | 527.82 | 507.72 | 554.92 | 1,232.63 |
| Total Liabilities & Stockholders Equity | 548.76 | 5.51 | 954.60 | 1,846.87 | 2,322.61 | 2,948.45 | 3,568.20 | 5,215.56 | 6,644.19 |
| Book Value Per Share | 16.57 | 33.50 | 49.60 | 56.06 | 52.05 | 31.49 | 10.28 | 1.08 | 184.92 |
| Tangible Book Value Per Share | 15.36 | 33.50 | 49.60 | 56.06 | 52.05 | 31.49 | 10.28 | 1.08 | 184.92 |
| Full-Time Employees | 44 | 42 | 45 | 49 | 52 | 52 | 53 | 74 | 219 |
| Price to Book Ratio | 0.32 | 0.52 | - | - | - | - | - | - | - |
| Return on Assets | 7.66 | -0.27 | -2.75 | -2.90 | 0.97 | 1.28 | -2.47 | -8.64 | -2.29 |
| Return on Equity | 57.11 | -1.02 | -14.45 | -18.05 | 5.62 | 8.07 | -20.60 | -81.28 | -11.40 |
| Return on Invested Capital | 15.35 | -28.03 | -7.66 | -11.17 | 4.01 | 5.33 | -13.96 | -53.32 | -11.43 |
| Current Ratio | 0.41 | 4.74 | 0.92 | 0.95 | 0.88 | 0.77 | 0.65 | 0.17 | 0.14 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | -46.86 | -26.69 | -1.16 | -50.59 | -63.06 | 6.79 | 31.87 | -134.35 | -462.81 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -60.12 | -69.45 | -0.10 | -9.19 | -132.87 | -401.22 | -573.65 | -1,008.25 | 645.10 |
| Cash from Operating Activities | -106.98 | -96.14 | -1.27 | -59.78 | -195.93 | -394.43 | -541.77 | -1,142.60 | 182.29 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 79.81 | 0.00 | 0.00 | 2.73 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 48.43 | 44.73 | 0.00 | 58.61 | 186.15 | 463.67 | 596.65 | 916.05 | -325.81 |
| Purchase of Investments | -83.16 | -106.22 | 0.00 | -247.84 | -191.87 | -367.29 | -532.07 | -2,024.19 | -1,015.52 |
| Sale Or Maturity of Investments | 131.59 | 150.94 | 0.00 | 306.45 | 378.02 | 830.96 | 1,128.72 | 2,940.24 | 689.71 |
| Other Uses | -0.03 | -0.02 | 0.00 | -0.10 | -0.09 | 0.00 | -0.61 | -6.11 | -2.06 |
| Other Sources | 41.50 | 22.43 | 0.00 | 0.00 | 0.00 | 0.40 | 0.00 | 3.24 | 360.77 |
| Cash from Investing Activities | 89.90 | 146.94 | 0.00 | 58.51 | 188.79 | 464.06 | 596.04 | 913.18 | 32.90 |
| Cash Dividends Paid | 0.00 | -40.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -67.19 |
| Change in Capital Stock | -0.53 | 0.00 | 0.00 | -2.92 | -10.98 | -138.74 | -30.13 | -0.02 | -0.84 |
| Repurchase of Common Pref Stock | -0.53 | 0.00 | 0.00 | -2.92 | -10.99 | -138.74 | -30.13 | -0.02 | -0.87 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.03 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.17 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.17 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.53 | -40.00 | 0.00 | -3.02 | -10.98 | -138.90 | -30.13 | -0.02 | -68.03 |
| Exchange Rate Effect | -0.78 | 0.39 | -1.15 | 0.34 | -1.34 | -0.47 | 4.41 | -0.38 | -1.56 |
| Net Change in Cash | -16.42 | 11.20 | -1.27 | -3.95 | -19.46 | -69.74 | 28.55 | -229.82 | 145.60 |
| Free Cash Flow | -106.98 | -96.14 | -1.27 | -59.78 | -195.93 | -394.43 | -541.77 | -1,142.60 | 182.29 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -25.64 |
| Price to Free Cash Flow | - | - | - | - | - | - | - | - | 1.19 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Total Cash | 36.05 | 26.28 | 62.21 | 16.95 | 40.52 | 33.67 |
| Investments | 303.40 | 312.74 | 294.63 | 347.00 | 452.51 | 459.46 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investment in Unconsolidated Affiliates | 117.21 | 119.77 | 123.31 | 121.69 | 63.50 | 60.30 |
| Other Intangible Assets | 31.52 | 43.11 | 47.40 | 62.40 | 71.41 | 75.07 |
| Total Assets | 488.55 | 507.49 | 527.85 | 548.76 | 637.65 | 638.89 |
| Insurance Policy Liabilities - Insurance | 145.34 | 157.06 | 173.86 | 193.38 | 204.49 | 225.51 |
| Total Debt | 177.28 | 176.99 | 176.72 | 176.46 | 176.19 | 175.94 |
| Long Term Debt | 177.19 | 176.81 | 176.45 | 176.09 | 176.10 | 175.76 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 68.12 | 59.47 | 55.83 | 50.64 | 113.19 | 87.35 |
| Total Liabilities | 390.74 | 393.52 | 406.41 | 420.47 | 493.88 | 488.81 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 97.81 | 113.96 | 121.44 | 128.28 | 143.77 | 150.09 |
| Total Shareholders Equity | 97.81 | 113.96 | 121.44 | 128.28 | 143.77 | 150.09 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 97.81 | 113.96 | 121.44 | 128.28 | 143.77 | 150.09 |
| Total Liabilities & Stockholders Equity | 488.55 | 507.49 | 527.85 | 548.76 | 637.65 | 638.89 |
| Book Value Per Share | 12.50 | 14.57 | 15.52 | 16.57 | 18.57 | 19.39 |
| Tangible Book Value Per Share | 11.61 | 13.58 | 14.43 | 15.36 | 17.23 | 17.91 |
| Full-Time Employees | - | - | - | 44 | - | - |
| Price to Book Ratio | 0.32 | 0.58 | 0.65 | 0.55 | 1.41 | 3.52 |
| Return on Assets | -8.49 | -6.20 | 7.09 | 6.38 | -13.77 | -17.79 |
| Return on Equity | -39.56 | -26.91 | 54.06 | 47.60 | -57.00 | -67.34 |
| Return on Invested Capital | -5.95 | -2.78 | -2.49 | -5.83 | -1.58 | 21.46 |
| Current Ratio | 0.62 | 0.61 | 0.49 | 0.41 | 0.51 | 0.55 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Funds from Operations | -15.99 | -6.44 | -9.74 | -14.69 | -9.81 | 7.78 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 17.63 | -19.38 | -5.39 | -52.98 | 6.49 | -11.80 |
| Cash from Operating Activities | 1.64 | -25.82 | -15.13 | -67.67 | -3.32 | -4.02 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 79.81 |
| Purchase or Sale of Investments | 1.98 | -23.93 | 43.53 | 26.85 | 9.35 | -20.97 |
| Purchase of Investments | -44.52 | -40.06 | -40.09 | 41.51 | -121.97 | 98.30 |
| Sale Or Maturity of Investments | 46.50 | 16.13 | 83.62 | -14.66 | 131.31 | -119.27 |
| Other Uses | -0.01 | -0.01 | -0.01 | -0.00 | -0.02 | 0.02 |
| Other Sources | 6.25 | 10.09 | 9.48 | 15.68 | 6.75 | 0.00 |
| Cash from Investing Activities | 8.22 | -13.84 | 53.00 | 42.53 | 16.08 | 58.86 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -40.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | -0.04 | 0.00 | -0.49 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | -0.04 | 0.00 | -0.49 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.04 | 0.00 | -0.49 | 0.00 | 0.00 | -40.00 |
| Exchange Rate Effect | -0.04 | -0.08 | -0.55 | -0.10 | -0.17 | -0.15 |
| Net Change in Cash | 9.77 | -39.74 | 36.83 | -23.28 | 6.22 | 19.10 |
| Free Cash Flow | 1.64 | -25.82 | -15.13 | -67.67 | -3.32 | -4.02 |
Revenue breakdown
| Fire, Marine & Casualty Insurance | 2024: 3.85M 2025: 34.05M |
|---|---|
| Bermuda | 2024: 3.85M 2025: 34.05M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 0.89% | 0.0M | 4.6M | 23.11K |
| 2026-10-15 | 1.03% | 0.0M | 4.6M | 22.86K |
| 2026-09-30 | 1.14% | 0.1M | 4.6M | 23.56K |
| 2026-09-15 | 1.26% | 0.1M | 4.6M | 27.40K |
| 2026-08-31 | 1.01% | 0.0M | 4.6M | 17.94K |
| 2026-08-14 | 0.94% | 0.0M | 4.6M | 16.29K |
| 2026-07-31 | 1.18% | 0.1M | 4.6M | 15.53K |
| 2026-07-15 | 1.59% | 0.1M | 4.6M | 15.56K |
| 2026-06-30 | 1.48% | 0.1M | 4.6M | 15.10K |
| 2026-06-15 | 3.42% | 0.2M | 4.6M | 12.40K |
| 2026-05-29 | 3.15% | 0.1M | 4.6M | 16.07K |
| 2026-05-15 | 3.32% | 0.2M | 4.6M | 17.71K |
| 2026-04-30 | 3.36% | 0.2M | 4.5M | 17.93K |
| 2026-04-15 | 3.79% | 0.2M | 4.5M | 17.14K |
| 2026-03-31 | 2.27% | 0.2M | 6.9M | 17.89K |
| 2026-03-13 | 2.20% | 0.2M | 6.9M | 20.64K |
| 2026-02-27 | 1.72% | 0.1M | 6.9M | 21.79K |
| 2026-02-13 | 2.47% | 0.2M | 6.9M | 21.83K |
| 2026-01-30 | 2.55% | 0.2M | 7.4M | 23.10K |
| 2026-01-15 | 2.14% | 0.2M | 7.4M | 24.20K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-06 | 8-K | Current report | 2026-11-06 | SEC |
| 2026-09-24 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-24 | SEC |
| 2026-08-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-07 | 8-K | Current report | 2026-08-07 | SEC |
| 2026-06-15 | 8-K | Current report | 2026-06-15 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-12 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-10 | SEC |
| 2026-06-08 | 8-K | Current report | 2026-06-08 | SEC |
| 2026-05-14 | 8-K | Current report | 2026-05-14 | SEC |
| 2026-05-08 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-08 | 8-K | Current report | 2026-05-08 | SEC |
| 2026-05-05 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-04-24 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-04-24 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-04-24 | SEC |
| 2026-04-06 | 8-K | Current report | 2026-04-06 | SEC |
| 2026-03-20 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-14 | SEC |
| 2026-03-20 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-18 | SEC |
| 2026-03-20 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-18 | SEC |
| 2026-03-20 | SCHEDULE 13D/A | SEC | ||
| 2026-03-20 | SCHEDULE 13D/A | SEC | ||
| 2026-03-16 | 8-K | Current report | 2026-03-16 | SEC |
| 2026-03-13 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-13 | 8-K | Current report | 2026-03-13 | SEC |
| 2026-02-13 | 8-K | Current report | 2026-02-13 | SEC |
| 2026-02-12 | SCHEDULE 13G | SEC | ||
| 2025-11-26 | 8-K | Current report | 2025-11-26 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 13.35K | 1 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | 3.40% |
| BlackRock, Inc. | 2.34% |
| Whitefort Capital Management, LP | 2.06% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.93% |
| DIMENSIONAL FUND ADVISORS LP | 0.76% |
| VANGUARD FIDUCIARY TRUST CO | 0.50% |
| MILLENNIUM MANAGEMENT LLC | 0.40% |
| STATE STREET CORP | 0.34% |
| GOLDMAN SACHS GROUP INC | 0.32% |
| Sowell Financial Services LLC | 0.26% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.38% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.93% |
| Fidelity Extended Market Index Fund | 0.45% |
| Fidelity Small Cap Index Fund | 0.34% |
| iShares Micro-Cap ETF | 0.26% |
| U.S. SMALL CAP PORTFOLIO | 0.18% |
| Fidelity Total Market Index Fund | 0.18% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.18% |
| U.S. Small Cap Equity Fund | 0.17% |
| U.S. MICRO CAP PORTFOLIO | 0.15% |
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