Kingsway Financial Services Inc. (KFS)

KFS Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	37.4	36.96	36.47	37.59	35.67	20.72
Investments in Equity & Preferred Securities	0.65	0.65	0.89	1.14	2.08	4.14
Other Investments	3.9	3.72	4.52	18.21	20.03	34.05
Total Investments	41.95	41.34	41.93	57.23	68.44	69.57
Cash & Equivalents	9.29	5.49	9.1	64.17	10.08	14.37
Other Receivables	16.68	13.65	14.66	14.92	11.7	21.01
Deferred Policy Acquisition Cost	14.91	13.89	13.73	13.26	10.93	8.84
Property, Plant & Equipment	12.8	3.96	2.74	1.68	3.35	97.98
Goodwill	69.54	56.52	50.36	45.5	49.26	121.13
Other Intangible Assets	54.92	40.05	35.67	33.1	30.83	84.13
Restricted Cash	7.54	7.64	8.4	13.06	17.26	30.57
Other Current Assets	-	0.7	17.75	38.48	269.39	-
Other Long-Term Assets	7.52	3.37	3.38	4.25	4.39	4.88
Total Assets	235.13	186.62	197.72	285.65	475.63	452.47
Accrued Expenses	29.34	20.42	22.34	27.8	26.27	29.85
Current Portion of Leases	0.39	0.83	-	-	-	-
Current Income Taxes Payable	0.08	-	-	0.95	0.29	2.86
Long-Term Debt	70.72	57.54	44.42	102.09	94.1	268.29
Long-Term Leases	6.81	1.86	1.2	1.22	2.48	3.21
Long-Term Deferred Tax Liabilities	4.57	4.37	5.04	4.18	28.55	27.56
Other Current Liabilities	-	0.2	16.11	42.09	219.96	14.1
Other Long-Term Liabilities	-	-	-	2.5	-	-
Total Liabilities	199.31	168.31	173.11	263.53	460.88	433.81
Preferred Stock, Convertible	16.25	8.25	-	3.71	4.2	4.4
Total Preferred Equity	16.25	8.25	-	6.01	6.5	6.5
Additional Paid-In Capital	394.64	376.78	379.81	359.99	359.14	355.24
Retained Earnings	-371.34	-361.45	-346.87	-370.43	-395.15	-394.81
Treasury Stock	-6.55	-6.2	-3.7	-0.49	-0.49	-0.49
Comprehensive Income & Other	-0.41	-0.72	-1.54	26.61	30.78	38.06
Total Common Equity	16.65	8.41	27.71	15.67	-5.72	-2
Minority Interest	2.92	1.64	-3.1	0.44	13.98	14.16
Shareholders' Equity	35.82	18.3	24.61	22.12	14.75	18.66
Total Liabilities & Equity	235.13	186.62	197.72	285.65	475.63	452.47
Filing Date Shares Outstanding	28.96	27.54	27.45	24.8	22.64	21.96
Total Common Shares Outstanding	28.61	27.14	27.1	23.19	22.64	21.96
Total Debt	77.91	60.22	45.61	103.31	96.58	271.5
Net Cash (Debt)	-68.62	-54.73	-36.52	-39.14	-86.5	-257.13
Net Cash Per Share	-2.50	-2.01	-1.38	-1.55	-3.84	-11.59
Book Value Per Share	0.58	0.31	1.02	0.68	-0.25	-0.09
Tangible Book Value	-107.81	-88.16	-58.32	-62.93	-85.82	-207.26
Tangible Book Value Per Share	-3.77	-3.25	-2.15	-2.71	-3.79	-9.44
Machinery	7.55	2.7	2.42	1.33	3.05	6.15
Leasehold Improvements	0.5	0.58	0.59	0.49	0.29	0.3

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q