Kingsway Financial Services Inc. (KFS) Financials Nov 17,

New Post Public Reply Private Reply Replies (0) Message Board
Hirata
Kingsway Financial Services Inc. (KFS) Financials Nov 17, 2014, 4:02 p.m.
Income Statement Balance Sheet Cash Flow Statement
Annual Financials for Kingsway Financial Services Inc.


Fiscal year is January-December. All values CAD millions. 2009 2010 2011 2012 2013 5-year trend
Sales/Revenue 505.46M 255.53M 200.52M 162.25M 177.47M
Premiums Earned 490.66M 229.16M 154.72M 114.9M 112.94M
Total Investment Income 3.11M 16.84M 4.04M 3.18M 568,775
Realized Gains (Losses) 11.69M 9.52M 1.08M 1.08M 3.61M
Other Operating Income 0 0 40.67M 43.09M 60.35M
Losses, Claims & Reserves 405.9M 221.13M 141.63M 100.15M 90.21M
Losses, Benefits & Adjustments 405.9M 221.13M 141.63M 100.15M 90.21M
2009 2010 2011 2012 2013 5-year trend
Selling, General & Admin. Expenses & Other 222.22M 121.53M 101.23M 90.28M 117.66M
Selling, General & Admin. Expenses 210.07M 114.71M 98.98M 87.33M 104.37M
Other Selling, General & Admin. Expense 126M 86.51M 74.93M 71.91M 80.54M
Underwriting & Commissions 84.07M 28.2M 24.05M 15.42M 23.84M
Other Operating Expense 12.15M 6.82M 2.25M 2.95M 13.29M
Operating Income Before Interest Expense (122.67M) (87.13M) (42.33M) (28.18M) (30.41M)
Interest Expense, Net of Interest Capitalized 27.27M 15.27M 7.4M 7.64M 7.48M
Interest Expense (excl. Interest Capitalized) 27.27M 15.27M 7.4M 7.64M 7.48M
Interest Capitalized 0 0 0 0 0
Operating Income After Interest Expense (149.94M) (102.4M) (49.73M) (35.81M) (37.89M)
Non-Operating Income (Expense) 0 0 0 0 9.34M
Miscellaneous Non Operating Expense 0 0 0 0 9.34M
Equity in Affiliates (Pretax) 0 0 - - -
Unusual Expense 6.02M (33.14M) (23.35M) 13.41M 16.4M
Pretax Income (155.96M) (69.26M) (26.38M) (49.23M) (44.96M)
Income Taxes (34.68M) (6.3M) (167,206) 3.02M (69,036)
Income Tax - Current - Domestic (37.3M) (14.93M) (3.55M) 1.93M (517,255)
Income Tax - Current - Foreign 0 - - - -
Income Tax - Deferred - Domestic 2.61M 8.63M 3.39M 1.08M 448,219
Income Tax - Deferred - Foreign 0 - - - -
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 412,574 (1.02M) 262,749
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income (121.28M) (62.96M) (25.8M) (53.26M) (44.63M)
Minority Interest Expense 0 0 (7.16M) (1.19M) 800,612
Net Income (121.28M) (62.96M) (18.64M) (52.06M) (45.43M)
Extraordinaries & Discontinued Operations (209.79M) 23.57M (1.28M) 0 7.45M
Extra Items & Gain/Loss Sale Of Assets 2.49M 31.3M (1.28M) 0 7.45M
Cumulative Effect - Accounting Chg - 0 0 0 0
Discontinued Operations (212.28M) (7.73M) 0 0 0
Net Income After Extraordinaries (331.07M) (39.39M) (19.92M) (52.06M) (37.98M)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common (121.28M) (62.96M) (18.64M) (52.06M) (45.43M)
EPS (Basic) (24.73) (5.40) (1.42) (3.96) (3.21)
Basic Shares Outstanding 13.48M 13.02M 13.09M 13.15M 14.11M
EPS (Diluted) (24.73) (5.40) (1.42) (3.96) (3.21)
Diluted Shares Outstanding 13.48M 13.02M 13.09M 13.15M 14.11M
Copyright 2014 FactSet Research Systems Inc. All rights reserved. Source FactSet Fundamentals.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Omio Reveals Top 6 Trends Shaping 2026-2027 Travel

Updated Category News Views 7

Decoding the Changing Travel Landscape This ain't your grandparents' travel itinerary. The 2026-2027 travel season is already shaping up to be a wild reimagining of what it means to 'get away.' Omio's latest NowNext Travel Report, crafted alongside YouGov, pulls back the curtain on how folks are recalibrating their vacations in light of financial squeezes and climate...

Continue Reading
Shareholder Watch: VRNS, DSGR, PSNL Under Scrutiny

Updated Category News Views 6

Navigating Murky Waters: Legal Scrutiny on Shareholder Deals The financial world ain't short on drama these days, and it looks like Varonis Systems, Distribution Solutions Group, and Personalis are right in the thick of it. Each is facing scrutiny over their recent sale transactions that might not be all they’re cracked up to be. Could these deals be shortchanging...

Continue Reading
Travel FOMO Trumps High Costs: Family Drives Demand

Updated Category News Views 10

Sky-High Travel Costs? No Problem Who'd have thought folks would still be packing their bags with travel costs through the roof? Well, it seems like Americans have their priorities straight—or not, depending on how you look at it. Travel insurance provider Squaremouth reports insured trips are up 12.9% year over year, even with the average trip costing a whopping...

Continue Reading
Prepare Denver Sprinkler Systems Before Winter Strikes

Updated Category News Views 5

Colorado's Unpredictable Weather: Don't Get Caught Cold The leaves turning color might be the signal of fall, but in Colorado, the weather seems to have a mind of its own—sunny one moment, bone-chilling the next. Denver homeowners, it's time to take a hard look at your outdoor sprinkler systems. Why? Because those freezing nights can sneak up faster than you'd think and...

Continue Reading
SHOEBOX PureTest Wins 2026 Award for Audiometry Innovation

Updated Category News Views 5

Breaking New Ground in Hearing Conservation This time, we're looking at SHOEBOX PureTest snagging the 2026 Hearing Technology Innovator Award. It marks yet another feather in their cap, standing tall in the Equipment, Audiometry category. You know, for those of us knee-deep in the stock game—and I mean neck-deep in financial stakes—spotting a company thriving through...

Continue Reading
Lunai Bioworks Voluntarily Delists After Equity Snags

Updated Category News Views 3

Bracing for the Delisting Impact Well, isn't that a familiar tune? Lunai Bioworks Inc., ticking with the symbol NASDAQ:LNAI, is pulling the plug on its Nasdaq listing faster than a kid yanking out a loose tooth. On October 21, 2026, the company's board decided it's cheaper and simpler to step off the dance floor than keep paying for a spot when the music's stopped....

Continue Reading
Tairex's AI System Targets Global Healthcare Gaps

Updated Category News Views 12

AI Meets Human Expertise in Clinical Decision-Making Look, in the labyrinth of healthcare, we’re seeing a revolution with AI stepping in—not to replace the doctor, but to stand alongside them like a trusty assistant. Tairex, from the halls of Tsinghua University's Institute for AI Industry Research (AIR), has thrown its hat into this ring by unveiling their...

Continue Reading
MLS Org's Sue Compass to Safeguard Fair Listing Access

Updated Category News Views 6

Real Estate Clash: MLS vs. Compass Imagine flipping on the TV to see a legal showdown brewing in the real estate world — you've got six heavy-hitter MLSs facing off against Compass, Inc. Yeah, we're talking a legal slugfest here, folks, as these MLSs rally to keep the playing field level for over 120,000 agents across the country. They're not messing around, bringing a...

Continue Reading
Arclin's Bold Bet: Expanding Nomex Capacity in Spain

Updated Category News Views 48

Arclin's Strategic Move for Nomex® Expansion Looks like Arclin’s not messing around. They're throwing some serious cash down in Asturias, Spain, to ramp up production of Nomex®—a material hotter than a blacktop in July with demand surging across aerospace, electric vehicles, and defense sectors. "When we bought the Nomex® business, we committed to investing in its...

Continue Reading
Shareholder Deals Under Fire: PRTH, BWIN, CCC Scrutiny

Updated Category News Views 5

When Deals Leave Shareholders in the Lurch Here's the deal, folks—three companies are under scrutiny for transactions that might leave their shareholders dry while insiders make a pretty penny. Priority Technology Holdings, Inc. (NASDAQ:PRTH), Baldwin Group, Inc. (NASDAQ:BWIN), and CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) are being probed by Halper Sadeh LLC...

Continue Reading

Top 5 Most Recently Viewed Articles

Employee Retention Trends Indicate Stronger Job Stability Ahead

Updated Category News Views 283

Employee Retention Trends Indicate Stronger Job Stability Ahead The world of employment is constantly shifting, and recent trends provide valuable insights into employee retention. Various studies suggest that the workforce is adapting to recent challenges, leading to a notable shift in how employees perceive their jobs. This article delves into the current climate of...

Continue Reading
7T.ai: Leading the Charge in AI Transformation for Businesses

Updated Category News Views 182

7T.ai: Embracing AI to Transform Business Dynamics DALLAS--7T, a prominent pioneer in AI-driven business transformation, has proudly transitioned to 7T.ai. This significant rebranding reflects a deep commitment to empowering businesses with cutting-edge artificial intelligence (AI) solutions across various sectors, from established Fortune 500 companies to innovative...

Continue Reading
Choice Hotels Raises Nearly $90,000 for Wildfire Relief

Updated Category News Views 154

Choice Hotels Steps Up for Wildfire Relief Efforts In a remarkable initiative, Choice Hotels International, Inc. (NYSE: CHH) has successfully raised nearly $90,000 to support wildfire relief efforts through a collaborative campaign. This initiative highlights the company's commitment to aiding communities affected by natural disasters, particularly those impacted by the...

Continue Reading
Scott W. Bazzani Honored as Pinnacle Member for Excellence

Updated Category News Views 123

Scott W. Bazzani Recognized for Legal Excellence Celebrated within The Inner Circle, Scott W. Bazzani has gained recognition as a Pinnacle Professional Member for his outstanding contributions to the fields of Real Estate, Family, and Estate Planning Law. A Solid Foundation in Law Bringing over 40 years of legal experience to the table, Scott has distinguished himself as...

Continue Reading
reAlpha and AiChat Team Up with M1 for WhatsApp Pay Launch

Updated Category News Views 158

reAlpha’s Innovative Partnership with AiChat and M1 reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a prominent player in real estate technology, has embarked on an exciting new initiative through its subsidiary, AiChat Pte. Ltd. (“AiChat”). Renowned for developing artificial intelligence (“AI”) solutions, AiChat has recently collaborated...

Continue Reading