Kingsway Financial Reports 2024 Results
Ticker: KFS · Form: 10-K · Filed: Mar 17, 2025 · CIK: 1072627
| Field | Detail |
|---|---|
| Company | Kingsway Financial Services Inc (KFS) |
| Form Type | 10-K |
| Filed Date | Mar 17, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, annual-report, debt, assets-liabilities
TL;DR
Kingsway Financial's 2024 10-K shows $34.4B assets, $28.1B liabilities, $1.1B net income. Debt at $330M.
AI Summary
Kingsway Financial Services Inc. filed its 2024 10-K on March 17, 2025, reporting total assets of $34,442 million and total liabilities of $28,137 million for the fiscal year ending December 31, 2024. The company's net income was $1,158 million. Key financial figures include $330,000,000 in long-term debt and $50,000,000,000 in common stock.
Why It Matters
This filing provides a comprehensive overview of Kingsway Financial's financial health and performance for the fiscal year 2024, impacting investors' decisions and market perception.
Risk Assessment
Risk Level: medium — The filing details significant financial figures, including substantial assets and liabilities, which warrant careful review for potential risks.
Key Numbers
- $34.4B — Total Assets (Financial position as of December 31, 2024.)
- $28.1B — Total Liabilities (Financial position as of December 31, 2024.)
- $1.1B — Net Income (Profitability for the fiscal year ended December 31, 2024.)
- $330.0M — Long-term debt (Indicates the company's leverage as of December 31, 2024.)
- $50.0B — Common stock (Represents equity financing as of December 31, 2024.)
Key Players & Entities
- KINGSWAY FINANCIAL SERVICES INC (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250317 (date) — Filing Date
- $34,442 (dollar_amount) — Total Assets
- $28,137 (dollar_amount) — Total Liabilities
- $1,158 (dollar_amount) — Net Income
- $330,000,000 (dollar_amount) — Long-term debt
- $50,000,000,000 (dollar_amount) — Common stock
- Joseph Stilwell (person) — Director
FAQ
What was Kingsway Financial's net income for the fiscal year ended December 31, 2024?
Kingsway Financial's net income for the fiscal year ended December 31, 2024, was $1,158 million.
What were the total assets and total liabilities reported in the 2024 10-K?
The company reported total assets of $34,442 million and total liabilities of $28,137 million as of December 31, 2024.
What is the amount of long-term debt held by Kingsway Financial as of December 31, 2024?
Kingsway Financial reported $330,000,000 in long-term debt as of December 31, 2024.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on March 17, 2025.
Who is listed as a director in the provided filing excerpt?
Joseph Stilwell is listed as a director.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 17, 2025 by Joseph Stilwell regarding KINGSWAY FINANCIAL SERVICES INC (KFS).