Kestrel Group's Stock Down After 1Q Loss Widens on Higher Expenses

Dow Jones

05/09

By Kelly Cloonan

Shares of Kestrel Group declined after the company recorded a wider loss in its latest quarter as expenses rose.

The stock retreated 7.5% to $10.98 in after-hours trading on Friday. Through the market close shares are up 16% this year.

The specialty insurance company posted a first-quarter loss of $7.4 million, or 96 cents a share, compared with a loss of $394,000, or 14 cents a share, a year earlier. The wider loss was driven by higher expenses, including an increase in general and administrative expenses.

Revenue rose to $10.2 million from $841,000.

Gross premiums written came in at $2.7 million. Net premiums earned were $3.2 million.

Chief Executive Luke Ledbetter said the company had continued momentum in the quarter in its program services segment, which provides fronting services to general agents and insurance carriers. The segment's fee revenue and premiums produced rose materially year-over-year, he said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 08, 2026 17:49 ET (21:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Through the market close shares are up 16% this year. \n</p>\n<p>\n  The specialty insurance company posted a first-quarter loss of $7.4 million, or 96 cents a share, compared with a loss of $394,000, or 14 cents a share, a year earlier. The wider loss was driven by higher expenses, including an increase in general and administrative expenses. \n</p>\n<p>\n  Revenue rose to $10.2 million from $841,000. \n</p>\n<p>\n  Gross premiums written came in at $2.7 million. Net premiums earned were $3.2 million. \n</p>\n<p>\n  Chief Executive Luke Ledbetter said the company had continued momentum in the quarter in its program services segment, which provides fronting services to general agents and insurance carriers. The segment's fee revenue and premiums produced rose materially year-over-year, he said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2026 17:49 ET (21:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4019","symbol_name":"再保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634460590","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634460590","pubTimestamp":1778276940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Kestrel Group declined after the company recorded a wider loss in its latest quarter as expenses rose.The stock retreated 7.5% to $10.98 in after-hours trading on Friday. Through the market close shares are up 16% this year.The specialty insurance company posted a first-quarter loss of $7.4 million, or 96 cents a share, compared with a loss of $394,000, or 14 cents a share, a year earlier. The wider loss was driven by higher expenses, including an increase in general and administrative expenses.Gross premiums written came in at $2.7 million. Net premiums earned were $3.2 million.Chief Executive Luke Ledbetter said the company had continued momentum in the quarter in its program services segment, which provides fronting services to general agents and insurance carriers. The segment's fee revenue and premiums produced rose materially year-over-year, he said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4019":"再保险","KG":"Kestrel"},"translate_title":"由于费用增加，第一季度亏损扩大，Kestrel Group股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KG":1.5},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Shares of Kestrel Group declined after the company recorded a wider loss in its latest quarter as expenses rose. \n\n\n  The stock retreated 7.5% to $10.98 in after-hours trading on Friday. Through the market close shares are up 16% this year. \n\n\n  The specialty insurance company posted a first-quarter loss of $7.4 million, or 96 cents a share, compared with a loss of $394,000, or 14 cents a share, a year earlier. 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The segment's fee revenue and premiums produced rose materially year-over-year, he said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2026 17:49 ET (21:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}