Kingsway Financial Services Inc  (KFS)
Other Ticker:  
Price: $8.0000 $-0.05 -0.621%
Day's High: $8.08 Week Perf: 0.00
Day's Low: $ 7.98 30 Day Perf: 0.00
Volume (M): 76 52 Wk High: $ 9.48
Volume (M$): $ 605 52 Wk Avg: $8.21
Open: $7.98 52 Wk Low: $6.25

 Market Capitalization (Millions $) 217
 Shares Outstanding (Millions) 27
 Employees 305
 Revenues (TTM) (Millions $) 104
 Net Income (TTM) (Millions $) 23
 Cash Flow (TTM) (Millions $) -45
 Capital Exp. (TTM) (Millions $) 0

Kingsway Financial Services Inc

Kingsway Financial Services Inc. was incorporated under the Business Corporations Act (Ontario) on September 19, 1989.

Kingsway are listed on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbol "KFS."
Kingsway is a Canadian holding company with operating subsidiaries located in the United States. The Company operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business. Kingsway conducts its business through the following two reportable segments: Insurance Underwriting and Insurance Services. Insurance Underwriting and Insurance Services conduct their business and distribute their products in the United States.

The Companys property and casualty insurance business operations are conducted primarily through the following subsidiaries: Mendota Insurance Company ("Mendota"), Mendakota Insurance Company ("Mendakota"), Mendakota Casualty Company (formerly Universal Casualty Company) ("MCC"), Kingsway Amigo Insurance Company ("Amigo") and Kingsway Reinsurance Corporation (collectively, "Insurance Underwriting").

The insurance subsidiaries in Insurance Underwriting issue insurance policies and retain the risk of operating profit or loss related to the ultimate loss and loss adjustment expenses incurred on the underlying policies. Insurance Underwriting provides non-standard automobile insurance to individuals who do not meet the criteria for coverage by standard automobile insurers. Insurance Underwriting has policyholders in 12 states; however, new business is accepted in only nine states. In 2015, the following states accounted for 84.8% of Insurance Underwritings gross premiums written: Florida (24.0%), Texas (16.3%), Illinois (15.7%), California (10.3%), Nevada (9.9%) and Colorado (8.6%).

Trinity is a provider of warranty products and maintenance support to consumers and businesses in the heating, ventilation, air conditioning ("HVAC"), standby generator, commercial LED lighting and refrigeration industries. Trinity distributes its warranty products through original equipment manufacturers, HVAC distributors and commercial and residential contractors. Trinity distributes its maintenance support direct through corporate owners of retail spaces throughout the United States.

Responsibility for pricing and product management rests with the Companys individual operating subsidiaries in each of Insurance Underwriting and Insurance Services. Typically, teams comprised of pricing actuaries, product managers and business development managers work together by territory to develop policy forms and language, rating structures, regulatory filings and new product ideas. Data solutions and claims groups track loss performance on a monthly basis so as to alert the operating subsidiaries to the potential need to adjust forms or rates.

Claims management is the process by which Insurance Services determines the validity and amount of a claim. We believe that claims management is fundamental to our operating results. The individual operating subsidiaries in Insurance Services primarily employ their own claims adjusters who are responsible for investigating and settling claims. Our goal is to settle claims fairly for the benefit of our insureds and the insureds of our insurance company partners in a manner that is consistent with the insurance policy language and our regulatory and legal obligations.

IWS effectively and efficiently manages claims by utilizing in-house expertise and information systems. IWS employs an experienced claims staff comprised of Automotive Service Excellence certified mechanics, knowledgeable in all aspects of vehicle repairs and potential claims. Additionally, IWS owns its own proprietary database of historical claims data dating back over twenty years. Management analyzes this database to drive real-time pricing adjustments and strategic decision-making.

The Companys insurance policies are generally written on an occurrence basis. Non-standard automobile includes both short and long-tail coverages. The payments that are made quickly typically pertain to auto physical damage and property damage claims. The payments that take longer to finalize and are more difficult to estimate relate to bodily injury claims. Reporting lags are relatively short, and the claim settlement process for personal automobile liability generally is the least complex of the liability products. Given that our core non-standard automobile offerings are policies at the minimum prescribed limits in each state, our non-standard automobile business is generally viewed as a high frequency, low severity business.

   Company Address: 10 S. Riverside Plaza, Suite 1520 Chicago 60606 IL
   Company Phone Number: 766-2138   Stock Exchange / Ticker: NYSE KFS

Customers Net Income fell by KFS's Customers Net Profit Margin fell to

-20.51 %

9.68 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited Sees Reduction in Deficit for Q1 2024

Oxbridge Re Holdings Limited, a reinsurance company, released its financial results for the period from January to March 31, 2024. The report showed an increase in the company's deficit, albeit at a lower rate compared to the previous reporting periods. While the financials highlight specific figures, it is essential to interpret and analyze their potential impact on the company's future growth and stability.
Swelling Deficit, but Progress Amidst Challenges:
During the first quarter of 2024, Oxbridge Re Holdings experienced a deficit of $-0.15 per share, a significant deviation from the $0.02 per share reported in the same period a year before. However, when compared to the previous reporting period's deficit of $-0.46 per share, the company has managed to reduce its loss. This reduction signifies some positive progress amidst challenges.

Kingstone Companies Inc

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Kingstone Companies Inc is a Property and Casualty Insurance company that has shown impressive improvements in profitability despite facing declining sales in the first quarter of 2024. The company reported earnings per share of $0.12, a significant drop from the previous financial reporting period where it was at $0.27. However, the company managed to turn a profit of $1.427 million in the first quarter of 2024, a huge improvement from a net loss of $-5.055 million in the same period a year ago.
Although Kingstone Companies Inc saw a decrease in revenue by -2.355% to $35.77 million from the preceding year financial reporting period, the company's profit margins have improved. The net margin rose to 3.99% in the first quarter of 2024, and the operating margin edged up to 10%. This indicates that despite the decline in sales, the company is effectively managing its costs and operations to improve profitability.

Icc Holdings Inc

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Icc Holdings Inc, parent company of Illinois Casualty Company, has shown impressive financial performance in the first quarter of 2024. The Property and Casualty Insurance company reported a significant increase in profit per share, soaring by 41.51% to $0.75 per share. Additionally, revenue grew by 17.643% to $23.08 million compared to the same period in the prior year.
This strong financial performance outpaced the top-line growth of virtually all of its industry peers in the Property and Casualty Insurance sector. While the majority of businesses in the industry saw an average top-line growth of 15.74% from the previous year, Icc Holdings Inc stood out with its impressive revenue growth.

Arch Capital Group Ltd

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The stock market has seen some impressive performances from various companies in recent times, one of which is Arch Capital Group Ltd. In the fiscal span ending March 31, 2024, the company showed a substantial rise in profits, with a year-on-year increase of 56.15% to $2.92 per share. Revenue also saw a significant increase of 24.4% to $3.94 billion.
One interesting fact to note is that Arch Capital Group Ltd has outperformed its industry peers in terms of revenue growth, as the Property and Casualty Insurance industry only saw a 15.66% increase in the same period. This demonstrates the company's strong position in the market and its ability to generate higher revenues compared to its competitors.

Safety Insurance Group Inc

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Earnings per share also witnessed a significant improvement, rising to $1.36 from a negative $0.84 in the first quarter of 2023. This indicates a remarkable turnaround for Safety Insurance Group Inc, as it managed to convert its revenue elevation into profitability.


Kingsway Financial Services Inc's Segments
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