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Last C$6.94 CAD
Change Today +0.09 / 1.31%
Volume 3.8K
As of 4:00 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

kingsway financial services (KFS) Snapshot

Open
C$6.85
Previous Close
C$6.85
Day High
C$6.96
Day Low
C$6.76
52 Week High
08/11/14 - C$7.59
52 Week Low
04/21/14 - C$5.02
Market Cap
150.5M
Average Volume 10 Days
4.9K
EPS TTM
C$-0.98
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, provides property and casualty insurance products 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, as well as from other risks, such as fire or theft. 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. This segment also offers HVAC and refrigeration warranty products; and provides equipment breakdown and maintenance support services to companies. The company offers its products and services to state agencies, credit unions, consumers, and businesses through a network of independent agencies. Kingsway Financial Services Inc. was founded in 1989 and is based in Toronto, Canada.

536 Employees
Last Reported Date: 03/13/15
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. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Kingsway Financial Services Inc. reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income attributable to common shareholders of $546,000, or $0.03 per share, compared to a net loss attributable to common shareholders of $11.02 million, or $0.67 loss per share, for the same quarter ended December 31, 2013. Total revenues were $42.74 million, compared to $46.48 million for the same quarter ended December 31, 2013. For the year, net loss attributable to common shareholders was $13.12 million, or $0.75 loss per share, compared to a net loss attributable to common shareholders of $36.86 million, or $2.61 loss per share, for the year ended December 31, 2013. Total revenues were $188.02 million, compared to $172.28 million for the year ended December 31, 2013.

Kingsway Financial Services Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Kingsway Financial Services Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s total revenues were $42,738,000 compared to $46,476,000 for the same period a year ago. Income from continuing operations before income tax expense was $1,384,000 compared to loss from continuing operations before income tax benefit of $10,322,000 for the same period a year ago. Income from continuing operations was $1,351,000 or $0.03 per basic and diluted share compared to loss from continuing operations $10,653,000 or $0.67 per basic and diluted share for the same period a year ago. Net income attributable to common shareholders was $546,000 or $0.03 per basic and diluted share compared to net loss attributable to company $11,023,000 or $0.67 per basic and diluted share for the same period a year ago. Adjusted operating income was $1,536,000 compared to $1,631,000 a year ago. For the year, the company’s total revenues were $188,018,000 compared to $172,278,000 for the same period a year ago. Loss from continuing operations before income tax expense was $11,281,000 compared to $43,378,000 for the same period a year ago. Loss from continuing operations was $11,224,000 or $0.75 per basic and diluted share compared to $43,311,000 or $3.12 per basic and diluted share for the same period a year ago. Net loss attributable to common shareholders was $13,120,000 or $0.75 per basic and diluted share compared to $36,861,000 or $2.61 per basic and diluted share for the same period a year ago. Adjusted operating income was $12,645,000 compared to adjusted operating loss of $9,344,000 a year ago. Book value has decreased to $2.12 per share at December 31, 2014 from $2.25 per share at December 31, 2013.

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.

 

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Industry Analysis

KFS

Industry Average

Valuation KFS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 3.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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