Kingsway Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	36.77	36.96	36.47	37.59	35.67
Investments in Equity & Preferred Securities	0.65	0.65	0.65	0.89	1.14	2.08
Other Investments	41.47	4.23	3.72	4.52	18.21	20.03
Total Investments	42.12	41.64	41.34	41.93	57.23	68.44
Cash & Equivalents	7.27	8.31	5.49	9.1	64.17	10.08
Other Receivables	17.07	15.9	11.81	14.66	14.92	11.7
Deferred Policy Acquisition Cost	12.17	14.91	13.89	13.73	13.26	10.93
Property, Plant & Equipment	13.2	13.37	3.96	2.74	1.68	3.35
Goodwill	69.81	69.13	56.52	50.36	45.5	49.26
Other Intangible Assets	50.91	52.27	40.05	35.67	33.1	30.83
Restricted Cash	7.78	7.97	7.64	8.4	13.06	17.26
Other Current Assets	8.87	1.76	0.71	17.75	38.48	269.39
Other Long-Term Assets	3.02	6.26	5.2	3.38	4.25	4.39
Total Assets	232.21	231.5	186.62	197.72	285.65	475.63
Accrued Expenses	16.63	24.04	20.45	22.34	27.8	26.27
Current Portion of Leases	1.09	1.55	-	-	-	-
Current Income Taxes Payable	-	0.03	-	-	0.95	0.29
Long-Term Debt	55.31	70.71	57.54	44.42	102.09	94.1
Long-Term Leases	5.97	5.75	2.68	1.2	1.22	2.48
Long-Term Deferred Tax Liabilities	3.02	3.23	4.37	5.04	4.18	28.55
Other Current Liabilities	4.86	4.63	0.17	16.11	42.09	219.96
Other Long-Term Liabilities	4.56	-	-	-	2.5	-
Total Liabilities	199.61	197.09	168.31	173.11	263.53	460.88
Preferred Stock, Convertible	16.25	16.25	8.25	-	3.71	4.2
Total Preferred Equity	16.25	16.25	8.25	-	6.01	6.5
Common Stock	0.3	0.3	0.28	-	-	-
Additional Paid-In Capital	395.17	394.85	376.5	379.81	359.99	359.14
Retained Earnings	-376.16	-373.37	-361.45	-346.87	-370.43	-395.15
Treasury Stock	-6.55	-6.55	-6.2	-3.7	-0.49	-0.49
Comprehensive Income & Other	0.4	-0.06	-0.72	-1.54	26.61	30.78
Total Common Equity	13.15	15.17	8.41	27.71	15.67	-5.72
Minority Interest	3.2	2.99	1.64	-3.1	0.44	13.98
Shareholders' Equity	32.6	34.41	18.3	24.61	22.12	14.75
Total Liabilities & Equity	232.21	231.5	186.62	197.72	285.65	475.63
Filing Date Shares Outstanding	28.95	28.95	27.54	27.45	24.8	22.64
Total Common Shares Outstanding	28.63	28.63	27.14	27.1	23.19	22.64
Total Debt	78.22	78.02	60.22	45.61	103.31	96.58
Net Cash (Debt)	-70.95	-69.71	-54.73	-36.52	-39.14	-86.5
Net Cash Per Share	-2.51	-2.50	-2.01	-1.38	-1.55	-3.84
Book Value Per Share	0.46	0.53	0.31	1.02	0.68	-0.25
Tangible Book Value	-107.57	-106.23	-88.16	-58.32	-62.93	-85.82
Tangible Book Value Per Share	-3.76	-3.71	-3.25	-2.15	-2.71	-3.79
Machinery	8.79	8.42	2.7	2.42	1.33	3.05
Leasehold Improvements	0.54	0.53	0.58	0.59	0.49	0.29

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q