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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Gross premiums written $ 1,096 $ 0 $ 1,096 $ 0
Net premiums written 1,095 0 1,095 0
Change in unearned premiums 1,327 0 1,327 0
Net premiums earned 2,422 0 2,422 0
Fee revenue 544 577 1,351 1,757
Net investment income 1,531 54 1,565 118
Net realized and unrealized investment gains 1,058 0 1,058 0
Total revenues 5,555 631 6,396 1,875
Expenses        
Net loss and loss adjustment expenses (5,961) 0 (5,961) 0
Commission and other acquisition expenses 394 0 394 0
General and administrative expenses 5,080 1,178 6,223 2,799
Interest and amortization expenses 1,519 0 1,519 0
Change in fair value of earn out liability 2,679 0 2,679 0
Gain on bargain purchase (73,590) 0 (73,590) 0
Foreign exchange and other losses 5,009 0 5,009 0
Total expenses (64,870) 1,178 (63,727) 2,799
Net income (loss) before income taxes 70,425 (547) 70,123 (924)
Less: income tax expense 3 0 95 0
Net income (loss) from continuing operations 70,422 (547) 70,028 (924)
Loss from discontinued operations, net of income tax (495) 0 (495) 0
Net income (loss) $ 69,927 $ (547) $ 69,533 $ (924)
Basic earnings (loss) from continuing operations per share attributable to Kestrel common shareholders (in dollars per share) $ 15.16 $ (0.20) $ 18.93 $ (0.34)
Diluted earnings (loss) from continuing operations per share attributable to Kestrel common shareholders (in dollars per share) 15.16 (0.20) 18.93 (0.34)
Basic loss from discontinued operations per share attributable to Kestrel common shareholders (in dollars per share) (0.11) 0 (0.13) 0
Diluted loss from discontinued operations per share attributable to Kestrel common shareholders (in dollars per share) (0.11) 0 (0.13) 0
Basic earnings (loss) per share attributable to Kestrel common shareholders (in dollars per share) 15.05 (0.20) 18.80 (0.34)
Diluted earnings (loss) per share attributable to Kestrel common shareholders (in dollars per share) $ 15.05 $ (0.20) $ 18.80 $ (0.34)
Weighted average number of common shares - basic (in shares) 4,635,406 2,749,996 3,692,701 2,749,996
Weighted average number of common shares - diluted (in shares) 4,635,406 2,749,996 3,692,701 2,749,996