Last C$6.50 CAD
Change Today +0.10 / 1.56%
Volume 929.0
KFS On Other Exchanges
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As of 12:59 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

kingsway financial services (KFS) Snapshot

Open
C$6.35
Previous Close
C$6.40
Day High
C$6.50
Day Low
C$6.35
52 Week High
08/11/14 - C$7.59
52 Week Low
01/20/14 - C$3.93
Market Cap
140.9M
Average Volume 10 Days
3.3K
EPS TTM
C$-1.63
Shares Outstanding
21.7M
EX-Date
05/14/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KINGSWAY FINANCIAL SERVICES (KFS)

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kingsway financial services (KFS) Details

Kingsway Financial Services Inc., through its subsidiaries, is engaged in the provision of property and casualty insurance products for individuals and businesses in the United States. The company operates in two segments, Insurance Underwriting and Insurance Services. The Insurance Underwriting segment offers various automobile insurance products, including liability insurance that covers claims against its insured’s responsible for automobile accidents; accident benefit policies or personal injury protection policies that provide coverage for loss of income, medical, and rehabilitation expenses for insured persons who are injured in an automobile accident; and physical damage policies, which cover damages to an insured automobile arising from a collision with another object or from other risks, such as fire or theft. This segment also provides homeowners policies for wind and hail-related property losses of residential dwellings and various contents. The Insurance Services segment operates as a licensed property and casualty agent, full service managing general agent, and third-party administrator focused primarily on the assigned risk market; and markets and administers vehicle service agreements and related products for new and used automobiles. The company markets its products and services through a network of independent agencies. Kingsway Financial Services Inc. was founded in 1989 and is based in Toronto, Canada.

560 Employees
Last Reported Date: 03/31/14
Founded in 1989

kingsway financial services (KFS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $404.9K
President of Assigned Risk Solutions Ltd
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

kingsway financial services (KFS) Key Developments

Kingsway Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Kingsway Financial Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net premiums of $28,418,000 compared to $26,041,000 for the same period a year ago. Total revenues were $45,533,000 compared to $41,650,000 for the same period a year ago. Loss from continuing operations before loss or gain on buy-back of debt, equity in net income or loss of investee and income tax expense or benefit was $2,706,000 compared to $9,051,000 for the same period a year ago. Loss from continuing operations before income tax expense was $5,752,000 compared to loss from continuing operations before income tax benefit of $5,250,000 for the same period a year ago. Loss from continuing operations was $6,095,000 or $0.41 per basic and diluted share compared to $5,653,000 or $0.39 per basic and diluted share for the same period a year ago. Net loss was $6,095,000 against net income of $1,574,000 year ago. Net loss attributable to common shareholders was $6,956,000 or $0.41 per basic and diluted share compared to net income attributable to common shareholders of $1,879,000 or $0.14 per basic and diluted share for the same period a year ago. For the nine months, the company reported net premiums of $89,093,000 compared to $82,406,000 for the same period a year ago. Total revenues were $145,280,000 compared to $125,802,000 for the same period a year ago. Loss from continuing operations before loss or gain on buy-back of debt, equity in net income or loss of investee and income tax expense or benefit was $1,141,000 compared to $30,475,000 for the same period a year ago. Loss from continuing operations before income tax benefit was $12,575,000 compared to $32,658,000 for the same period a year ago. Loss from continuing operations was $12,575,000 or $0.82 per basic and diluted share compared to $32,658,000 or $2.48 per basic and diluted share for the same period a year ago. Net loss was $12,575,000 against net income of $25,431,000 a year ago. Net loss attributable to common shareholders was $13,666,000 or $1.82 per basic and diluted share compared to net loss attributable to common shareholders of $25,838,000 or $1.94 per basic and diluted share for the same period a year ago. Book value has increased to $2.35 per share at September 30, 2014 from $2.25 per share at December 31, 2013.

Kingsway Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment Charges for the Second Quarter of 2014

Kingsway Financial Services Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $50.6 million compared with $41.6 million a year ago. Loss before income tax benefit was $6.3 million compared with $10.2 million a year ago. Net loss was $5.5 million compared with $9.7 million a year ago. Net loss attributable to common shareholders was $4.99 million or $0.30 per basic and diluted share compared with $10.3 million or $0.78 per basic and diluted share a year ago. The company reported adjusted operating income of $7.1 million for the quarter, compared to adjusted operating loss of $3.2 million for the prior-year period. Net investment income of $0.3 million was recorded in the second quarter of 2014 compared to $0.8 million in the prior-year period. For the six months, the company's total revenues were $99.7 million compared with $84.2 million a year ago. Loss before income tax benefit was $6.9 million compared with $27.8 million a year ago. Net loss was $6.5 million compared with $27.0 million a year ago. Net loss attributable to common shareholders was $6.7 million or $0.41 per basic and diluted share compared with $27.7 million or $2.11 per basic and diluted share a year ago. The company reported adjusted operating income of $9.8 million, compared to adjusted operating loss of $3.4 million a year ago. Book value has increased to $2.32 per share at June 30, 2014 from $2.25 per share at December 31, 2013. Net investment income of $0.8 million was recorded in the year to date, compared to $1.4 million in the prior-year period. The company announced impairment of asset held for sale of $1.18 million for the second quarter ended June 30, 2014, compared to $1.446 million a year ago.

Kingsway Financial Services Inc., Special/Extraordinary Shareholders Meeting, Jul 08, 2014

Kingsway Financial Services Inc., Special/Extraordinary Shareholders Meeting, Jul 08, 2014., at 10:00 US Eastern Standard Time. Location: offices of Norton Rose Fulbright Canada LLP. Agenda: To consider and, if deemed appropriate, pass, with or without amendment, an extraordinary resolution, in the form attached as Schedule A" to the management information circular accompanying this Notice of Meeting, approving certain amendments to the Series B Warrant Agreement and authorizing Kingsway and Computershare to execute the amended and restated warrant agreement embodying such amendments, which shall be substantially in the form attached as Schedule B" to the Circular, all as more particularly described in the Circular; and to transact such other business as may be properly brought before the Meeting and any and all adjournments thereof.

 

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KFS

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Valuation KFS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 3.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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