Kingsway Financial Services, Inc. (KFS) financial statements (2021 and earlier)

Company profile

Business Address 45 ST. CLAIR WEST
TORONTO, ON M4V 1K9
State of Incorp. ON
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1591112
Cash and cash equivalents1591112
Short-term investments0000
Disposal group, including discontinued operation 26011
Total current assets:15351123
Noncurrent Assets
Property, plant and equipment103104105107
Long-term investments and receivables1355
Long-term investments1355
Accounts and financing receivable, after allowance for credit loss(0)  (0)
Intangible assets, net (including goodwill)158158160160
Goodwill75758181
Intangible assets, net (excluding goodwill)83847979
Total noncurrent assets:262265270272
Other undisclosed assets102194224221
TOTAL ASSETS:378495505516
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3   
Interest and dividends payable3   
Total current liabilities:3   
Noncurrent Liabilities
Other undisclosed liabilities346456461463
Total liabilities:348456461463
Temporary equity, carrying amount6665
Stockholders' equity
Stockholders' equity attributable to parent12222837
Additional paid in capital354354356356
Accumulated other comprehensive income41373736
Accumulated deficit(382)(369)(365)(355)
Stockholders' equity attributable to noncontrolling interest12111010
Total stockholders' equity:24333848
TOTAL LIABILITIES AND EQUITY:378495505516

Income statement (P&L) ($ in millions)

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues12131213
Operating leases, income statement, lease revenue 333
Insurance commissions and fees 10910
Cost of revenue(0)(1)(1)(1)
Deferred policy acquisition costs, amortization expense (1)(1)(1)
Gross profit:12121112
Operating expenses(15)(11)(14)(14)
Other operating expense, net(10)(5)(3)(2)
Other undisclosed operating income15  5
Operating income (loss):1(4)(5)2
Nonoperating income (expense)3 0(2)
Investment income, nonoperating  01
Other nonoperating expense   (2)
Interest and debt expense(3)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:1(5)(7)(2)
Income (loss) from equity method investments(2)(0)(0)0
Other undisclosed income (loss) from continuing operations before income taxes(13)33(1)
Loss from continuing operations before income taxes:(13)(3)(4)(2)
Income tax expense (benefit)(0)0(0)(0)
Loss from continuing operations:(13)(3)(4)(3)
Income (loss) from discontinued operations(2) 1 
Loss before gain (loss) on sale of properties:(16)(3)(4)(3)
Other undisclosed net income (loss)2(1)(7)0
Net loss:(14)(3)(10)(2)
Net loss attributable to noncontrolling interest(1)(0)(0)(0)
Other undisclosed net loss attributable to parent(0)(0)(0)(0)
Net loss attributable to parent:(15)(4)(11)(3)
Other undisclosed net income (loss) available to common stockholders, basic016(0)
Net loss available to common stockholders, diluted:(15)(3)(5)(3)

Comprehensive Income ($ in millions)

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(14)(3)(10)(2)
Other comprehensive income (loss)411(1)
Comprehensive loss:(10)(3)(10)(3)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(11)(3)(10)(3)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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