Kingsway Financial Services Inc (N:KFS)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10 S. Riverside Plaza, Suite 1520 CHICAGO IL 60606 |
| Tel: | 1-646-7557412 |
| Website: | kingsway-financial.com |
| IR: | See website |
| Key People | ||
| John Taylor Maloney Fitzgerald President, Chief Executive Officer, Director | Kent A. Hansen Chief Financial Officer, Executive Vice President | |
| Business Overview |
| Kingsway Financial Services Inc. is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. The Company's segments include Extended Warranty and Kingsway Search Xcelerator. The Company serves the extended warranty industry through its operating subsidiaries IWS Acquisition Corporation (IWS), Penn Warranty, Preferred Warranties and Trinity Warranty Solutions. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in approximately 24 states and the District of Columbia to their members, with customers in all 50 states. It serves the business services industry through its operating subsidiaries CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service and Digital Diagnostics, Inc. CSuite is a professional services firm that provides experienced chief financial officer and other finance professionals. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Kingsway Financial Services Inc revenues increased 10% to $104M. Net income applicable to common stockholders excluding extraordinary items decreased 37% to $25M. Revenues reflect Kingsway Search Xcelerator segment increase of 82% to $35M. Net income was offset by Extended Warranty segment income decrease of 29% to $7M. Basic Earnings per Share excluding Extraordinary Items decreased from $1.72 to $0.97. |
| Employees: | 397 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $279.97M as of Dec 31, 2023 |
| Annual revenue (TTM): | $104.01M as of Dec 31, 2023 |
| EBITDA (TTM): | $2.06M as of Dec 31, 2023 |
| Net annual income (TTM): | $25.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$26.43M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $35.32M as of Dec 31, 2023 |
| Shares outstanding: | 28,121,271 as of Mar 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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