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 2024

Kingsway reports strong Q1 performance, focuses on acquisitions and value

Kingsway's Q1 2023 performance reflects robust financial results and strategic initiatives for sustainable growth. While the company faces challenges related to liquidity and macro uncertainty, its focus on acquisitions and shareholder value enhancement presents promising opportunities.

Kingsway reports Q2 revenue growth and targets new acquisitions

Kingsway's Q2 2023 performance reflects revenue and adjusted EBITDA growth, with notable strengths in financial management and access to financing. However, challenges in the Extended Warranty segment and the need to identify suitable acquisitions exist. The company's focus on new acquisitions and recruitment of Operators-in-Residence presents promising opportunities for future growth.

Kingsway reports mixed Q3 results, focuses on acquisitions and debt reduction

Kingsway's Q3 2023 performance reflects mixed results, with revenue growth but decreased adjusted EBITDA and a shift from income to loss in continuing operations. The company's strategic acquisitions and focus on reducing net debt demonstrate a proactive approach to long-term financial health, while challenges in the Extended Warranty segment and business development require attention.

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CHICAGO, IL / ACCESSWIRE / April 9, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will host an Investor Day following their Annual General Meeting of shareholders in New York City on Monday, May 20, 2024. President and Chief Executive Officer, John T.

Kingsway to Host Investor Day at the New York Stock Exchange on Monday, May 20, 2024

Kingsway Financial Services Inc. (NYSE:KFS) Q4 2023 Results Conference Call March 5, 2024 5:00 PM ET

Kingsway Financial Services Inc. (KFS) Q4 2023 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET Save the Date: Kingsway to also Host Investor Day at the New York Stock Exchange on May 20, 2024 CHICAGO, IL / ACCESSWIRE / March 5, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the twelve months ended December 31, 2023, and announces its 2024 Investor Day will take place on May 20, 2024, at the New York Stock Exchange.

Kingsway Reports Full Year 2023 Financial Results

CHICAGO, IL / ACCESSWIRE / February 29, 2024 / Kingsway Financial Services Inc. ("Kingsway" or the "Company") (NYSE:KFS) today announced that it will report financial results for the twelve months ended December 31, 2023, after the close of trading on Tuesday, March 5, 2024. Management will host a conference call at 5 p.m.

Kingsway to Report Financial Results for Full Year 2023 on March 5, 2024

CHICAGO, IL / ACCESSWIRE / January 16, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced that 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://kingsway-financial.com/events-presentations/ 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

Kingsway Financial Services Inc. (NYSE:KFS ) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants JT Fitzgerald - CEO Kent Hansen - CFO James Carbonara - Partner, IR Strategy & Operations Conference Call Participants Adam Patinkin - David Capital Operator Good day, and welcome to the Kingsway Third Quarter 2023 Earnings Call. [Operator Instructions] With me on the call are JT Fitzgerald, Chief Executive Officer; and Kent Hansen, Chief Financial Officer.

Kingsway Financial Services Inc. (KFS) Q3 2023 Earnings Call Transcript

The company has announced two acquisitions over the past two months, the first ones under its KSx program since November 2022. While they were made at higher multiples than before, Kingsway's EV/EBITDA ratio should improve. Kingsway now has an adjusted EBITDA run-rate of around $20 million, and I think the company should be trading at above 12x EV/EBITDA.

Kingsway: Run-Rate Adjusted EBITDA Of $20 Million As Acquisitions Resume (Rating Upgrade)

Management to Host Conference Call Today at 5 p.m. ET Fourth acquisition under the Kingsway Search Xcelerator Program, first in 2023 High margin, capital light, recurring revenue business VMS formation creates a platform for future vertical market software acquisitions CHICAGO , Sept.

KINGSWAY ANNOUNCES FORMATION OF VERTICAL MARKET SOLUTIONS, LLC ("VMS") AND ACQUISITION OF SYSTEMS PRODUCTS INTERNATIONAL, INC. / KINGSWAY SEARCH XCLERATOR ANNOUNCES ADDITION OF MILES MAMON

Kingsway Financial Services Inc. (NYSE:KFS ) Q2 2023 Results Conference Call August 8, 2023 5:00 PM ET Company Participants J.T. Fitzgerald - Chief Executive Officer Kent Hansen - Chief Financial Officer Conference Call Participants Adam Patinkin - David Capital Douglas Ott - Andvari Associates Operator Good day, and welcome to the Kingsway's Second Quarter 2023 Earnings Call.

Kingsway Financial Services Inc. (KFS) Q2 2023 Earnings Call Transcript

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.

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