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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	37.53	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	3.84	3.72	4.52	18.21	20.03	34.05
Total Investments	42.02	41.34	41.93	57.23	68.44	69.57
Cash & Equivalents	12.08	5.49	9.1	64.17	10.08	14.37
Other Receivables	15.34	13.65	14.66	14.92	11.7	21.01
Deferred Policy Acquisition Cost	14.57	13.89	13.73	13.26	10.93	8.84
Property, Plant & Equipment	4.24	3.96	2.74	1.68	3.35	97.98
Goodwill	57.55	56.52	50.36	45.5	49.26	121.13
Other Intangible Assets	40.13	40.05	35.67	33.1	30.83	84.13
Restricted Cash	7.38	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	14.39	3.37	3.38	4.25	4.39	4.88
Total Assets	207.7	186.62	197.72	285.65	475.63	452.47
Accrued Expenses	20.4	20.42	22.34	27.8	26.27	29.85
Current Portion of Leases	0.46	0.83	-	-	-	-
Current Income Taxes Payable	-	-	-	0.95	0.29	2.86
Long-Term Debt	58.33	57.54	44.42	102.09	94.1	268.29
Long-Term Leases	2.36	1.86	1.2	1.22	2.48	3.21
Long-Term Deferred Tax Liabilities	3.8	4.37	5.04	4.18	28.55	27.56
Other Current Liabilities	0.3	0.2	16.11	42.09	219.96	14.1
Other Long-Term Liabilities	-	-	-	2.5	-	-
Total Liabilities	172.09	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	392.85	376.78	379.81	359.99	359.14	355.24
Retained Earnings	-368.52	-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	-0.64	-0.72	-1.54	26.61	30.78	38.06
Total Common Equity	17.44	8.41	27.71	15.67	-5.72	-2
Minority Interest	1.92	1.64	-3.1	0.44	13.98	14.16
Shareholders' Equity	35.61	18.3	24.61	22.12	14.75	18.66
Total Liabilities & Equity	207.7	186.62	197.72	285.65	475.63	452.47
Filing Date Shares Outstanding	28.87	27.54	27.45	24.8	22.64	21.96
Total Common Shares Outstanding	28.43	27.14	27.1	23.19	22.64	21.96
Total Debt	61.16	60.22	45.61	103.31	96.58	271.5
Net Cash (Debt)	-49.08	-54.73	-36.52	-39.14	-86.5	-257.13
Net Cash Per Share	-1.81	-2.01	-1.38	-1.55	-3.84	-11.59
Book Value Per Share	0.61	0.31	1.02	0.68	-0.25	-0.09
Tangible Book Value	-80.24	-88.16	-58.32	-62.93	-85.82	-207.26
Tangible Book Value Per Share	-2.82	-3.25	-2.15	-2.71	-3.79	-9.44
Machinery	3.05	2.7	2.42	1.33	3.05	6.15
Leasehold Improvements	0.63	0.58	0.59	0.49	0.29	0.3

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q