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Kingsway Financial Services Inc. (T:KFS)

Business Focus: Property & Casualty Insurance

This company is also listed in the United States as KFS on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEDAR
Company Contact
Address: 150 E Pierce Rd
ITASCA IL 60143-1222
Tel: N/A
IR: See website
Key People
Terence M. Kavanagh
Independent Chairman of the Board
John Taylor Maloney Fitzgerald
President, Chief Operating Officer, Director
Larry Gene Swets
Chief Executive Officer, Director
William August Hickey
Chief Financial Officer, Executive Vice President
Hassan R. Baqar
Vice President - Finance
Business Overview
Kingsway Financial Services Inc. is a holding company, which is engaged in the property and casualty insurance business. The Company owns or operates subsidiaries in the extended warranty, asset management and real estate industries. It operates through two segments: Extended Warranty and Leased Real Estate. Its Extended Warranty segment includes the operations of its subsidiaries, such as IWS Acquisition Corporation's (IWS), Trinity Warranty Solutions LLC's and Professional Warranty Service Corporation. Leased Real Estate includes the Company's subsidiary, CMC Industries, Inc. (CMC). IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in 23 states and the District of Columbia to their members. CMC owns a parcel of real property consisting of approximately 192 acres located in the State of Texas (the Real Property) that is leased to a third party.
Financial Overview
For the fiscal year ended 31 December 2018, Kingsway Financial Services Inc revenues decreased 77% to $41.9M. Net loss applicable to common stockholders excluding extraordinary items decreased 40% to $21.3M. Revenues reflect Net investment (loss) income decrease from $2.7M to -$8.9M. Lower net loss reflects Commissions decrease of 85% to $3.8M (expense), General and administrative expenses decrease of 37% to $29.4M (expense).
Employees: 309 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $250.81M as of Dec 31, 2018
Annual revenue (TTM): $42.86M as of Dec 31, 2018
EBITDA (TTM): -$1.61M as of Dec 31, 2018
Net annual income (TTM): -$21.29M as of Dec 31, 2018
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $204.57M as of Dec 31, 2018
Shares outstanding: 21,787,728 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization