Kingsway Financial Services Inc (N:KFS)

Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEC
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
Kent A. Hansen
Chief Financial Officer, Executive Vice President, Principal Accounting Officer
Hassan R. Baqar
Vice President - Finance
Paul R. Hogan
General Counsel, Secretary
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 six months ended 30 June 2020, Kingsway Financial Services Inc revenues increased 2% to $28.8M. Net loss applicable to common stockholders excluding extraordinary items totaled $3.3M vs. income of $1.8M. Revenues reflect Extended Warranty segment remaining flat at $21.7M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.08 to -$0.15.
Employees: 172 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $309.04M as of Jun 30, 2020
Annual revenue (TTM): $61.22M as of Jun 30, 2020
EBITDA (TTM): $10.36M as of Jun 30, 2020
Net annual income (TTM): -$10.59M as of Jun 30, 2020
Free cash flow (TTM): $0.50M as of Jun 30, 2020
Net Debt Last Fiscal Year: $231.92M as of Jun 30, 2020
Shares outstanding: 22,711,069 as of Aug 19, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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