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Equiscale · Syntellia LLC
Kingsway Financial Services Inc. through its subsidiaries, engages in the extended warranty and business services in the United States. It operates through two segments: Kingsway Search Xcelerator and Extended Warranty. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies, as well as after-market vehicle protection services. Its Kingsway Search Xcelerator segment offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, Securities and Exchange Commission reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. This segment also provides financial executive services for project and interim staffing engagements; search services for permanent placements; healthcare staffing services to acute healthcare facilities for short-term and day-to-day needs of hospitals; software products for the management needs of all types of shared-ownership properties; and fully managed outsourced cardiac telemetry services, as well as provides mobile monitors to the hospitals. It also offers information technology managed services, as well as Electric Motor Solutions and Vertical Market Software services. The company offers its products and services through credit unions and dealers. Kingsway Financial Services Inc. was incorporated in 1989 and is headquartered in Chicago, Illinois.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $137M | $1M | $-11M | $-2M | -70.7% | 21.5% | 15.7% |
| 2024 | $113M | $4M | $-9M | $0M | -110.2% | 4.5% | -139.4% |
| 2023 | $108M | $36M | $24M | $-26M | 85.0% | -6.1% | -4.7% |
| 2022 | $115M | $49M | $25M | $-15M | 157.8% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 114.69 | 107.66 | 112.53 | 136.72 |
| Operating Revenue | - | 114.69 | 107.66 | 112.53 | 136.72 |
| Selling General And Administration | - | 43.52 | 41.80 | 44.92 | 61.22 |
| Total Expenses | - | 79.73 | 84 | 120.79 | 150.72 |
| EBITDA | - | 49.50 | 36.12 | 3.53 | 0.67 |
| Normalized EBITDA | - | 16.99 | 4.16 | 6.38 | 1.38 |
| EBIT | - | 43.05 | 29.90 | -3.47 | -8.56 |
| Interest Income | - | 0.72 | 1.12 | 1.36 | 1.44 |
| Interest Expense | - | 8.09 | 6.25 | 4.79 | 5.45 |
| Net Interest Income | - | -8.09 | -6.25 | -4.79 | -5.45 |
| Other Income Expense | 13.36 | - | - | - | - |
| Interest Expense Non Operating | - | 8.09 | 6.25 | 4.79 | 5.45 |
| Net Non Operating Interest Income Expense | - | -8.09 | -6.25 | -4.79 | -5.45 |
| Pretax Income | - | 34.96 | 23.65 | -8.26 | -14 |
| Tax Provision | - | 4.82 | -1.90 | -0.15 | -3.75 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 4.49 | 6.71 | -0.05 | -0.19 |
| Net Income Continuous Operations | - | 30.13 | 25.55 | -8.11 | -10.25 |
| Net Income From Continuing And Discontinued Operation | - | 24.72 | 23.56 | -9.27 | -10.73 |
| Net Income From Continuing Operation Net Minority Interest | - | 39.79 | 25.10 | -9.09 | -10.73 |
| Net Income | - | 24.72 | 23.56 | -9.27 | -10.73 |
| Net Income Common Stockholders | - | 24.42 | 23.48 | -9.45 | -11.92 |
| Net Income Including Noncontrolling Interests | - | 15.06 | 24.01 | -8.30 | -10.25 |
| Normalized Income | - | 11.77 | -0.15 | -6.29 | -10.21 |
| Diluted NI Availto Com Stockholders | - | 24.42 | 23.48 | -9.45 | -11.92 |
| Basic Average Shares | - | 22.96 | 25.71 | 27.19 | 27.86 |
| Diluted Average Shares | - | 25.30 | 26.45 | 27.19 | 27.86 |
| Reconciled Depreciation | - | 6.45 | 6.22 | 7 | 9.22 |
| Total Unusual Items | - | 32.51 | 31.96 | -2.85 | -0.71 |
| Total Unusual Items Excluding Goodwill | - | - | - | -2.85 | - |
| Preferred Stock Dividends | - | 0.31 | 0.07 | 0.18 | 1.19 |
| Minority Interests | - | 9.66 | -0.45 | -0.98 | -0.48 |
| Net Income Discontinuous Operations | - | -15.07 | -1.54 | -0.18 | 0 |
| Special Income Charges | - | 32.51 | 31.96 | -2.85 | -0.71 |
| Other Special Charges | -2.49 | -32.51 | -31.96 | 0.16 | - |
| Impairment Of Capital Assets | - | - | 0 | 2.85 | 0.71 |
| Depreciation And Amortization In Income Statement | - | 6.13 | 5.91 | 6.30 | 8.17 |
| General And Administrative Expense | - | 43.52 | 41.80 | 44.92 | 61.22 |
| Other Gand A | - | 43.52 | 41.80 | 44.92 | 61.22 |
| Other Operating Expenses | - | 5.11 | 1.61 | -0.19 | -0.38 |
| Amortization | - | 6.13 | 5.91 | 6.30 | 8.17 |
| Loss Adjustment Expense | - | 20.90 | 23.07 | 24.58 | 25.73 |
| Net Policyholder Benefits And Claims | - | 20.90 | 23.07 | 24.58 | 25.73 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kingsway Financial Services Inc.this co. | KFS | $307M | -28.62 | 20.25 | -70.7% | 562.48 |
| Weyco Group, Inc. | WEYS | $338M | 14.66 | 1.41 | 9.6% | 7.21 |
| Strattec Security Corporation | STRT | $333M | 17.83 | 1.50 | 8.4% | 6.35 |
| Holley Inc. | HLLY | $315M | 16.45 | 0.70 | 4.3% | 7.38 |
| Funko, Inc. | FNKO | $295M |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| -4.39 |
| 1.59 |
| -36.3% |
| 38.08 |
| 1-800-FLOWERS.COM, Inc. | FLWS | $290M | - | 1.08 | -74.5% | - |
| Rocky Brands, Inc. | RCKY | $281M | 12.62 | 1.12 | 8.8% | 8.62 |
| Marine Products Corporation | MPX | $280M | 25.76 | 2.24 | 8.7% | 13.78 |
| Portillo's Inc. | PTLO | $276M | 14.26 | 0.59 | 4.1% | 12.18 |
| Peer Median | - | 14.66 | 1.26 | 6.4% | 8.62 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Aug has averaged the highest return (+5.1%); Mar the lowest (-3.5%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.2%Neutral MonthJan 2026: -0.22% | -8.8%Negative MonthFeb 2026: -8.79% | -14.8%Negative MonthMar 2026: -14.79% | +3.2%Positive MonthApr 2026: +3.16% | -7.2%Negative MonthMay 2026: -7.16% | +5.1%Positive MonthJun 2026: +5.11% | -8.1%Negative MonthJul 2026: -8.10% | — | — | — | — | — |
| 2025 | -3.2%Negative MonthJan 2025: -3.23% | -4.1%Negative MonthFeb 2025: -4.07% | +1.9%Neutral MonthMar 2025: +1.93% | +9.2%Positive MonthApr 2025: +9.22% | +48.7%Positive MonthMay 2025: +48.67% | +5.3%Positive MonthJun 2025: +5.29% | +3.2%Positive MonthJul 2025: +3.25% | +2.6%Positive MonthAug 2025: +2.65% | +1.9%Neutral MonthSep 2025: +1.88% | -2.6%Negative MonthOct 2025: -2.60% | -8.7%Negative MonthNov 2025: -8.71% | +3.5%Positive MonthDec 2025: +3.46% |
| 2024 | +4.4%Positive MonthJan 2024: +4.40% | +0.6%Neutral MonthFeb 2024: +0.57% | -5.4%Negative MonthMar 2024: -5.44% | +6.7%Positive MonthApr 2024: +6.71% | -9.9%Negative MonthMay 2024: -9.89% | +2.7%Positive MonthJun 2024: +2.74% | +2.9%Positive MonthJul 2024: +2.91% | -2.2%Negative MonthAug 2024: -2.24% | -0.1%Neutral MonthSep 2024: -0.12% | +8.1%Positive MonthOct 2024: +8.09% | -1.3%Neutral MonthNov 2024: -1.34% | -5.2%Negative MonthDec 2024: -5.21% |
| 2023 | +4.7%Positive MonthJan 2023: +4.67% | +14.6%Positive MonthFeb 2023: +14.58% | -7.4%Negative MonthMar 2023: -7.36% | -1.5%Neutral MonthApr 2023: -1.48% | -4.5%Negative MonthMay 2023: -4.49% | -1.7%Neutral MonthJun 2023: -1.69% | +2.7%Positive MonthJul 2023: +2.70% | +5.5%Positive MonthAug 2023: +5.50% | -14.5%Negative MonthSep 2023: -14.50% | +2.3%Positive MonthOct 2023: +2.25% | -5.2%Negative MonthNov 2023: -5.18% | +14.8%Positive MonthDec 2023: +14.75% |
| 2022 | -5.1%Negative MonthJan 2022: -5.11% | -2.3%Negative MonthFeb 2022: -2.31% | +8.3%Positive MonthMar 2022: +8.27% | +2.4%Positive MonthApr 2022: +2.36% | -4.1%Negative MonthMay 2022: -4.09% | +5.6%Positive MonthJun 2022: +5.56% | +6.7%Positive MonthJul 2022: +6.67% | +15.1%Positive MonthAug 2022: +15.13% | -0.9%Neutral MonthSep 2022: -0.86% | -1.3%Neutral MonthOct 2022: -1.30% | +6.6%Positive MonthNov 2022: +6.57% | +8.6%Positive MonthDec 2022: +8.63% |
| 2021 | — | — | — | — | -1.2%Neutral MonthMay 2021: -1.19% | +0.4%Neutral MonthJun 2021: +0.40% | +6.2%Positive MonthJul 2021: +6.20% | +4.5%Positive MonthAug 2021: +4.52% | -3.4%Negative MonthSep 2021: -3.42% | +2.2%Positive MonthOct 2021: +2.24% | +0.0%Neutral MonthNov 2021: +0.00% | +0.0%Neutral MonthDec 2021: +0.00% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
