Kingsway Financial Services

Kingsway Financial Services, Inc. operates as a holding company. The firm engages in the provision of financial services. It operates through the following segments: Extended Warranty and Leased Real Estate. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The Leased Real Estate segment leases a real property to a third party pursuant to a long-term triple net lease. The company was founded on September 19, 1989 and is headquartered in Chicago, IL.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q4 2024

Kingsway Financial Services reports strong 2022 performance and growth prospects

KFS's 2022 performance reflects a strategic shift towards operational efficiency, growth, and financial stability, supported by positive market reception and improved financial results.
While challenges like managing debt levels persist, the company's strengths in balance sheet management, strategic acquisitions, and operational performance position it well for future growth.
Opportunities lie in leveraging recent acquisitions, attracting talent, and utilizing available financial resources to drive innovation, expansion, and value creation.

Kingsway Financial Services excels in Q1 2023, eyes strategic growth

KFS delivered robust financial performance in Q1 2023, emphasizing balance sheet strength and growth initiatives. The company's focus on strategic capital allocation, share repurchases, and new acquisitions positions it well for future expansion.

Kingsway Financial Services reports solid Q2 growth and acquisition focus

KFS delivered strong Q2 performance with revenue and adjusted EBITDA growth.
Strategic focus on acquisitions, debt reduction, and maintaining a robust acquisition pipeline.
Challenges in Extended Warranty segment offset by opportunities in Search Xcelerator and KSX segments.

KFS reports mixed Q3 results, eyes sustained growth post-acquisitions

KFS reported mixed Q3 results with revenue growth but lower adjusted EBITDA, impacted by claims and macroeconomic challenges.
Recent acquisitions and a focus on operational excellence present opportunities for sustained growth and increased EBITDA run rate.
Challenges include distractions in business development and the need to carefully manage interest coverage for acquisition pipeline stability.

Kingsway Financial Services reports solid 2023 results and eyes growth

Kingsway Financial Services delivered strong financial results in 2023, with successful acquisitions driving growth and demonstrating potential for further expansion. Despite challenges in the Extended Warranty segment, the company's strategic initiatives and focus on financial stability position it well for future opportunities in software and healthcare markets.

Kingsway Financial Services reports steady Q1 performance and eyes acquisitions

KFS's Q1 2024 performance was stable, with growth in the KSX segment and challenges in the extended warranty segment. The company is optimistic about future financial results, aiming for new acquisitions and maintaining a strong cash position.

Kingsway Financial Services reports revenue and EBITDA growth in Q2

KFS demonstrated overall revenue and EBITDA growth across segments, reflecting a positive operational performance.
Strategic acquisitions and focus on maintaining EBITDA levels indicate a forward-looking growth strategy.
While challenges exist in debt management and operational integration, opportunities in revenue expansion and profitability are evident.

Kingsway Financial Services reports robust Q3 growth and strategic acquisitions

KFS delivered a strong Q3 performance with revenue and EBITDA growth, driven by Extended Warranty and KSX segments.
Acquisition of Image Solutions and new OIR Rob Casper's appointment signal strategic growth initiatives and market resilience.
While challenges like warranty yield reduction exist, KFS is well-positioned to capitalize on opportunities for expansion and market presence.

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Management to Host Conference Call Today at 5 p.m. ET CHICAGO , Aug. 8, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three and six months ended June 30, 2023.

KINGSWAY REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

CHICAGO , Aug. 1, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will report financial results for the second quarter ended June 30, 2023, after the close of trading on Tuesday, August 8, 2023. Management will host a conference call at 5:00 p.m.

KINGSWAY TO REPORT FINANCIAL RESULTS FOR SECOND QUARTER 2023 ON AUGUST 8, 2023

CHICAGO , June 12, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") is set to join the broad-market Russell 3000â Index and the small-cap Russell 2000â Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization.

KINGSWAY SET TO JOIN RUSSELL 3000® AND RUSSELL 2000® INDEXES

Chicago, Illinois--(Newsfile Corp. - May 22, 2023) - Kingsway Financial Services Inc. (NYSE: KFS) ("Kingsway" or the "Company") today announced that management will present at the LD Micro Investor Conference in Los Angeles on June 7, 2023 at 4:00pm Pacific Time. The presentation will be available via webcast at: https://ldinv13.sequireevents.com/.

Kingsway to Present at The LD Micro Investor Conference in Los Angeles on June 7, 2023, at 4:00pm Pacific Time

CHICAGO , May 15, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it has published its Investor Day presentation to the Company's website. The presentation, which provides an overview of the Company's business, industry, financials and other relevant information, can be accessed and downloaded by visiting the investor relations section of the Company's website at: https://bit.ly/3Mt2jtS Investor Day The Company will be hosting an in-person and online Investor Day on Tuesday, May 16 at the New York Stock Exchange.

KINGSWAY PUBLISHES INVESTOR DAY PRESENTATION TO COMPANY WEBSITE

Kingsway Financial Services Inc. (NYSE:KFS ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants J.T. Fitzgerald - Chief Executive Officer Kent Hansen - Chief Financial Officer James Carbonara - Investor Relations Conference Call Participants Adam Patinkin - David Capital Operator Good day and welcome to Kingsway First Quarter 2023 Earnings Call.

Kingsway Financial Services Inc. (KFS) Q1 2023 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET Management to Host Investor Day on Tuesday, May 16 in New York City CHICAGO , May 9, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its financial results for the three months ended March 31, 2023.

KINGSWAY REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

CHICAGO , May 3, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced a new investor presentation has been published to the Company's website. The presentation, which provides an overview of the Company's business, industry, financials and other relevant information, can be accessed and downloaded by visiting the investor relations section of the Company's website at: https://bit.ly/3ALnVLl About the Company Kingsway is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries.

KINGSWAY PUBLISHES UPDATED INVESTOR PRESENTATION TO COMPANY WEBSITE

CHICAGO , May 2, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will report financial results for the first quarter ended March 31, 2023 after the close of trading on Tuesday, May 9, 2023.  Management will host a conference call at 5:00 p.m.

KINGSWAY TO REPORT FINANCIAL RESULTS FOR FIRST QUARTER 2023 ON MAY 9, 2023

CHICAGO , May 2, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that Peter Hearne and Charles Joyce have joined its innovative Kingsway Search Xclerator ("KSX") segment. Mr. Hearne joins as the newest Operator-in-Residence, while Mr.

KINGSWAY SEARCH XCLERATOR ANNOUNCES ADDITION OF PETER HEARNE AND CHARLES JOYCE

CHICAGO , April 19, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced an Investor Day following their Annual General Meeting of shareholders in New York City on Tuesday, May 16, 2023. President and Chief Executive Officer, John T.

KINGSWAY ANNOUNCES INVESTOR DAY AND FIRESIDE CHAT WITH WILL THORNDIKE AT THE NEW YORK STOCK EXCHANGE ON MAY 16, 2023

CHICAGO , March 21, 2023 /PRNewswire/ - (NYSE: KFS) –  Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that its Board of Directors approved a share repurchase program that authorizes the Company to repurchase up to $10 million of its common stock. The share repurchase program will have a one year term.

Kingsway Financial Services Inc. Board of Directors Authorizes Share Repurchase Plan

Once all repurchases are completed, pro forma subordinated debt as of December 31, 2022 would be $11.4 million and pro forma deferred interest payable would be zero CHICAGO , March 20, 2023 /PRNewswire/ - Kingsway Financial Services Inc. (NYSE: KFS) ("Kingsway" or the "Company") today announced it has repurchased nearly all of its trust preferred debt that it has under option, retiring $74.6 million of principal and $21 million of deferred interest, effectively paying 60.8 cents on the dollar for greater than a 20% IRR.  The remaining $0.9 million of principal and $0.2 million of deferred interest is expected to be completed in the coming days.

KINGSWAY HAS REPURCHASED $74.6 MILLION OF ITS TRUST PREFERRED DEBT AND $21 MILLION OF DEFERRED INTEREST - REMAINING $0.9 MILLION OF PRINCIPAL EXPECTED TO BE REPURCHASED IN COMING DAYS

Kingsway Financial Services Inc. (NYSE:KFS ) Q4 2022 Results Conference Call March 8, 2023 5:00 PM ET Company Participants J.T. Fitzgerald - CEO Kent Hansen - CFO Conference Call Participants Adam Patinkin - David Capital Operator Good day and welcome to Kingsway Full Year 2022 Earnings Call.

Kingsway Financial Services Inc. (KFS) Q4 2022 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET CHICAGO , March 8, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the 12 months ended December 31, 2022.

KINGSWAY REPORTS FULL YEAR 2022 FINANCIAL RESULTS

Conference Call to Discuss Results at 5:00 pm ET CHICAGO , March 6, 2023 /PRNewswire/ - (NYSE: KFS) – Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will report financial results for the twelve months ended December 31, 2022 after the close of trading on Wednesday, March 8, 2023. Management will host a conference call at 5:00 p.m.

KINGSWAY TO REPORT FINANCIAL RESULTS FOR FULL YEAR 2022 ON MARCH 8, 2023

Kingsway is an undiscovered long-term compounder. EBITDA has grown at a 40%+ CAGR since 2018.

Kingsway Financial: An Undervalued Compounder With An 'Outsiders' CEO

CHICAGO , Jan. 9, 2023 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today welcomes Sun Mountain Partners, LLC ("Sun Mountain"), led by Will Thorndike and Christian Solberg, as a large investor in Kingsway. Through its purchase of warrants and subsequent exercise for KFS common stock, Sun Mountain has increased its position by 611,547 common shares.

Kingsway Welcomes Sun Mountain Partners, LLC, Led by Will Thorndike and Christian Solberg, as a Large Investor in Kingsway

CHICAGO , Dec. 29, 2022 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced it has closed on the sale of the railyard it owns in Texas. TRT Leaseco, LLC, an indirect subsidiary of the Company and direct owner of the railyard, completed the sale to BNSF Dayton LLC, who also assumed the mortgage.

Kingsway Completes Sale of Texas Railyard for $21.4 Million of Net Cash Proceeds to The Company

Third acquisition under the Kingsway Search Xcelerator Program Expected to be immediately accretive, adding $19.7 million of unaudited revenue, $2.6 million of U.S. GAAP income before income taxes and $2.7 million of unaudited non-GAAP adjusted EBITDA Capital light, recurring revenue business CHICAGO, Nov. 21, 2022 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway") today announced the acquisition of the privately-held company Secure Nursing Service, Inc. ("SNS"), the third such acquisition completed under the Kingsway Search Xcelerator Program. SNS, based in Los Angeles, California (www.securenursing.com), employs highly skilled and professional per diem and travel Registered Nurses, Licensed Vocational Nurses, Certified Nurse Assistants and Allied Healthcare Professionals with multiple years of acute care hospital experience.

KINGSWAY ANNOUNCES ACQUISITION OF SECURE NURSING SERVICE, INC.

Kingsway Financial Services Inc. (NYSE:KFS ) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants John Fitzgerald - Chief Executive officer Kent Hansen - Chief Financial Officer Conference Call Participants Adam Patinkin - David Capital Partners, LLC Richard Gatward - Freedom Capital Markets Christian Solberg - Sun Mountain Partners Operator Good day and welcome to Kingsway Third Quarter 2022 Earnings Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for question-and-comments after the presentation.

Kingsway Financial Services Inc. (KFS) CEO John Fitzgerald on Q3 2022 Results - Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET CHICAGO , Nov. 10, 2022 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three and nine months ended September 30, 2022.

Kingsway Reports Third Quarter 2022 Financial Results

Expected to be immediately accretive, adds $9.4 million of unaudited revenue, $0.9 million U.S. GAAP income before income taxes and $1.8 million of unaudited non-GAAP adjusted EBITDA Second acquisition under the Kingsway Search Xcelerator Program Capital light, re-occurring revenue business Will be run alongside Ravix, providing a one-stop shop to Ravix and CSuite Clients CHICAGO , Nov. 1, 2022 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway") today announced the acquisition of the privately-held company CSuite Financial Partners ("CSuite"), the second such acquisition completed under the Kingsway Search Xcelerator Program. CSuite, based in Manhattan Beach, California (www.csuitefinancialpartners.com), is a national, financial executive services firm providing financial management leadership to companies in every industry, regardless of size, throughout the United States.

KINGSWAY ANNOUNCES ACQUISITION OF CSUITE FINANCIAL PARTNERS

Conference Call to Discuss Results at 5:00 pm ET CHICAGO , Oct. 12, 2022 /PRNewswire/ - (NYSE: KFS) - Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will report financial results for the three and nine months ended September 30, 2022 on November 10, 2022. Management will host a conference call at 5:00 p.m.

KINGSWAY TO REPORT FINANCIAL RESULTS FOR THIRD QUARTER 2022 ON NOVEMBER 10, 2022

ITASCA, Ill. , Aug. 4, 2022 /PRNewswire/ - (NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three and six months ended June 30, 2022; the sale of PWSC for $51.2 million; entrance into an Option Agreement to repurchase a portion of its debt.

KINGSWAY REPORTS SECOND QUARTER 2022 RESULTS AND ANNOUNCES SALE OF PWSC FOR $51.2 MILLION, ENTRANCE INTO AN OPTION AGREEMENT TO REPURCHASE A PORTION OF ITS DEBT

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