← KINGSWAY Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $176.6m $193.2m $52.1m $59.9m $61.4m $78.4m $93.3m $103.2m $109.4m $135.0m
Revenues:
Operating Costs and Expenses — — — — — $7.1m $18.7m $27.2m — —
Operating Expenses $183.5m $211.2m $54.4m $61.4m $66.2m $88.5m $96.9m $102.3m $107.2m $137.4m
Operating Income (Loss) ($7.1m) ($13.6m) $6.7m ($1.4m) ($4.8m) $3.2m ($3.6m) $954k $2.2m ($2.4m)
Additional Financial Items
Other Income $11.0m $11.3m $416k $472k $390k — — — — —
Realized Investment Gains (Losses) $360k $3.8m ($17k) $796k $580k $1.8m $1.2m $761k $1.6m $97k
Amortization of Intangible Assets $1.2m $1.2m $2.4m $2.5m $2.3m $4.9m $6.1m $5.9m $6.3m $8.2m
Debt and Equity Securities, Gain (Loss) — — $1.5m ($156k) $1.5m $13k $0 $3.4m ($3k) —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — ($100k) $100k — $229k $0 —
Fair Value, Option, Changes in Fair Value, Gain (Loss) ($3.7m) ($8.5m) ($1.7m) $1.1m $1.2m ($3.2m) ($4.9m) ($68k) ($198k) —
Foreign Currency Transaction Gain (Loss), before Tax ($15k) ($15k) — — — — — — — —
Foreign Currency Transaction Gain (Loss), Realized ($15k) ($15k) — — — — — — — —
Goodwill, Impairment Loss — — — — — $0 — $0 $732k $700k
Income (Loss) from Continuing Operations before Income Taxes, Domestic $10.5m $29.4m $21.9m $3.1m $6.5m $5.8m $35.0m $23.7m $8.3m ($13.7m)
Income (Loss) from Continuing Operations, Per Basic Share ($0) ($1) ($1) ($0) ($0) ($0) $1 $1 ($0) ($0)
Income (Loss) from Continuing Operations, Per Diluted Share ($0) ($1) ($1) ($0) ($0) ($0) $1 $1 ($0) ($0)
Income (Loss) from Equity Method Investments ($1.0m) $2.1m ($2.5m) $169k $0 — — — — —
Insurance Services Revenue — — $9.9m — — — — — — —
Interest Income, Other $609k $428k $230k $506k $461k $364k $612k $839k $387k $323k
Investment Income, Interest $794k $809k $236k $484k $310k $242k $556k $1.0m $1.3m $1.4m
Operating Lease, Lease Income — — — — — $13.4m — — — —
Preferred Stock Dividends, Income Statement Impact $398k $350k $620k $1.0m $1.1m $494k $306k $74k $179k $1.2m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($10.5m) ($29.4m) ($21.9m) ($3.1m) ($6.5m) ($5.8m) $35.0m $23.7m ($8.3m) ($14.0m)
Policyholder Benefits and Claims Incurred, Net — — — — — $19.5m $20.9m $23.1m $24.6m $25.7m
Net Investment Income $8.2m $2.7m ($3.0m) $2.9m $2.6m $1.6m $2.3m $1.8m $1.4m $1.6m
Gain (Loss) on Investments — — $3.0m $2.9m $2.6m $1.6m — — — $714k
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 $0 $1.1m $0 $6.5m $5.8m ($2.3m) $450k $438k $0
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — $16.7m ($1.4m) $0 —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($850k) ($16.3m) $21.9m $3.1m $6.5m $5.8m $35.0m $23.7m $8.3m ($10.3m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($733k) ($11.7m) ($22.3m) ($2.8m) ($5.4m) $1.9m $30.1m $25.6m ($8.1m) ($10.3m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $10.5m $29.4m $21.9m $3.1m $6.5m $5.8m ($12.8m) $23.7m $8.3m $14.0m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $10.5m $29.4m $21.9m $3.1m $6.5m $5.8m ($12.8m) $23.7m $8.3m $14.0m
Investment Income, Net $8.2m $2.7m ($3.0m) $2.9m $2.6m $1.6m $2.3m $1.8m $1.4m $1.6m
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic — — — ($5.4m) — — $31.3m $25.0m ($9.3m) ($11.9m)
Net Income (Loss) Attributable to Parent — — ($30.7m) — ($7.8m) — — — — —
Net Income (Loss) Available to Common Stockholders, Basic $405k ($15.8m) ($24.6m) ($6.9m) ($7.8m) ($836k) $24.4m $23.5m ($9.5m) ($11.9m)
Net Income (Loss) Attributable to Noncontrolling Interest ($281k) $4.3m $1.8m $1.6m ($1.3m) $2.2m ($1.5m) — — $479k
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest — — — — — — ($1.5m) $453k $977k $562k
Earnings Per Share, Basic $0.02 ($0.73) ($1.41) ($0.32) ($0.35) ($0.04) $1.06 $0.91 ($0.35) ($0.43)
Earnings Per Share, Diluted $0.02 ($0.73) ($1.41) ($0.32) ($0.35) ($0.04) $0.98 $0.89 ($0.35) ($0.43)
Common Stock, Dividends, Per Share, Declared $0.02 ($0.73) ($1.41) $0.00 ($0.35) ($0.04) $1.06 $0.91 ($0.35) ($0.43)
Weighted Average Number of Shares Outstanding, Basic 20.0m 21.5m 21.7m 21.9m 22.2m 22.5m 23.0m 25.7m 27.2m 27.9m
Weighted Average Number of Shares Outstanding, Diluted 20.0m 21.5m 21.7m 21.9m 22.2m 22.5m 25.3m 26.4m 27.2m 27.9m
Expenses
Other Nonoperating Income (Expense) ($7.6m) ($9.4m) ($9.0m) ($8.5m) ($58k) ($2.8m) ($206k) ($1.5m) $550k $377k
Deferred Policy Acquisition Costs, Amortization Expense $27.8m $28.4m $3.2m $4.2m ($4.7m) $6.6m — — — —
Interest Expense $4.5m $5.0m $7.4m $9.0m $7.7m $6.2m $8.1m $6.2m $4.8m $5.4m
Business Combination, Acquisition Related Costs — — $0 — $400k $400k $1.1m $700k $500k $1.4m
Current Income Tax Expense (Benefit) $87k $628k $423k $423k $345k ($2.4m) $3.4m $25k $390k $321k
General and Administrative Expense $41.6m $46.3m $29.7m $36.3m $42.0m $48.7m $43.5m $41.8m $44.9m $61.2m
Interest Expense, Debt $4.5m $5.0m $7.4m $9.0m $7.7m $6.2m $8.1m $6.2m $4.8m $5.4m
Operating Lease, Expense — — — — — $6.2m — — — —
Income Tax Expense (Benefit) ($9.7m) ($17.8m) $315k ($363k) ($1.1m) ($7.6m) $4.8m ($1.9m) ($147k) ($3.8m)
Other Operating Income (Expense), Net ($3.6m) ($11.4m) ($19.7m) ($1.7m) $1.7m ($9.0m) $38.5m $22.7m ($10.4m) ($11.6m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.