Kingsway Financial Services Inc. (KFS)

KFS Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	36.86	36.47	37.59	35.67	20.72	22.2
Investments in Equity & Preferred Securities	0.65	0.89	1.14	2.08	4.14	6.26
Other Investments	3.55	4.52	18.21	20.03	34.05	32.28
Total Investments	41.06	41.88	57.23	68.44	69.57	71.4
Cash & Equivalents	6.51	9.1	64.17	10.08	14.37	13.48
Other Receivables	13.8	13.02	14.92	11.7	21.01	17.98
Deferred Policy Acquisition Cost	14.09	13.73	13.26	10.93	8.84	8.6
Property, Plant & Equipment	3.21	2.74	1.68	3.35	97.98	102.39
Goodwill	56.89	50.36	45.5	49.26	121.13	82.1
Other Intangible Assets	42.32	35.67	33.1	30.83	84.13	86.42
Restricted Cash	8.63	8.4	13.06	17.26	30.57	12.18
Other Current Assets	-	17.75	38.48	269.39	-	-
Other Long-Term Assets	4.61	5.07	4.25	4.39	4.88	5.07
Total Assets	191.12	197.72	285.65	475.63	452.47	399.62
Accrued Expenses	21.73	22.34	27.8	26.27	29.85	17.44
Insurance & Annuity Liabilities	-	-	-	-	-	1.77
Current Portion of Leases	0.17	0.5	-	-	-	-
Current Income Taxes Payable	-	-	0.95	0.29	2.86	2.76
Long-Term Debt	58.46	44.42	102.09	94.1	268.29	258.93
Long-Term Leases	1.73	0.69	1.22	2.48	3.21	3.53
Long-Term Deferred Tax Liabilities	4.71	5.04	4.18	28.55	27.56	29.02
Other Current Liabilities	-	16.11	42.09	219.96	14.1	8.9
Other Long-Term Liabilities	-	-	2.5	-	-	0.25
Total Liabilities	171.45	173.11	263.53	460.88	433.81	378.85
Preferred Stock, Convertible	8.25	-	3.71	4.2	4.4	4.72
Total Preferred Equity	8.25	-	6.01	6.5	6.5	6.82
Additional Paid-In Capital	376.57	379.81	359.99	359.14	355.24	354.1
Retained Earnings	-359.67	-346.87	-370.43	-395.15	-394.81	-388.08
Treasury Stock	-6.2	-3.7	-0.49	-0.49	-0.49	-0.49
Comprehensive Income & Other	-0.76	-1.54	26.61	30.78	38.06	35.35
Total Common Equity	9.94	27.71	15.67	-5.72	-2	0.87
Minority Interest	1.49	-3.1	0.44	13.98	14.16	13.08
Shareholders' Equity	19.68	24.61	22.12	14.75	18.66	20.77
Total Liabilities & Equity	191.12	197.72	285.65	475.63	452.47	399.62
Filing Date Shares Outstanding	27.57	27.45	24.8	22.64	21.96	22.46
Total Common Shares Outstanding	27.12	27.1	23.19	22.64	21.96	21.62
Total Debt	60.36	45.61	103.31	96.58	271.5	262.46
Net Cash (Debt)	-53.85	-36.52	-39.14	-86.5	-257.13	-248.98
Net Cash Per Share	-1.98	-1.38	-1.55	-3.84	-11.59	-11.39
Book Value Per Share	0.37	1.02	0.68	-0.25	-0.09	0.04
Tangible Book Value	-89.27	-58.32	-62.93	-85.82	-207.26	-167.65
Tangible Book Value Per Share	-3.29	-2.15	-2.71	-3.79	-9.44	-7.75
Machinery	2.58	2.42	1.33	3.05	6.15	6.4
Leasehold Improvements	0.58	0.59	0.49	0.29	0.3	0.16

Source: S&P Capital IQ. Insurance template. Financial Sources.