Kingsway Financial Q1 Revenue Dips Slightly, Net Income Flat
Ticker: KFS · Form: 10-Q · Filed: May 8, 2025 · CIK: 1072627
| Field | Detail |
|---|---|
| Company | Kingsway Financial Services Inc (KFS) |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, insurance
TL;DR
Kingsway Financial's Q1 revenue down slightly to $37.7M, EPS flat at $0.01. Assets $1.85B.
AI Summary
Kingsway Financial Services Inc. reported total revenues of $37.7 million for the first quarter of 2025, a slight decrease from $38.1 million in the same period of 2024. Net income attributable to common shareholders was $5 million, down from $5 million in Q1 2024. The company's diluted earnings per share remained flat at $0.01 for both periods. As of March 31, 2025, total assets stood at $1.85 billion.
Why It Matters
This filing provides insight into Kingsway Financial's performance in early 2025, indicating stable but not growing earnings amidst a slight revenue decline, which could influence investor sentiment.
Risk Assessment
Risk Level: low — The filing shows relatively stable financial performance with no significant negative trends or unexpected events.
Key Numbers
- $37.7B — Q1 2025 Revenue (Slight decrease from Q1 2024)
- $5M — Q1 2025 Net Income (Flat compared to Q1 2024)
- $0.01 — Q1 2025 Diluted EPS (Consistent with Q1 2024)
- $1.85B — Q1 2025 Total Assets (Represents the company's asset base at the end of the quarter)
- $34.4B — Q1 2025 Total Liabilities (Indicates the company's debt obligations)
Key Players & Entities
- KINGSWAY FINANCIAL SERVICES INC (company) — Filer
- 20250331 (date) — Period of Report
- 20250508 (date) — Filing Date
- $37,723 (dollar_amount) — Q1 2025 Total Revenue
- $38,117 (dollar_amount) — Q1 2024 Total Revenue
- $5 (dollar_amount) — Q1 2025 Net Income
- $5 (dollar_amount) — Q1 2024 Net Income
- $1,853 (dollar_amount) — Q1 2025 Total Assets
FAQ
What was Kingsway Financial's total revenue for the first quarter of 2025?
Kingsway Financial's total revenue for the three months ended March 31, 2025, was $37,723.
How did the net income attributable to common shareholders change in Q1 2025 compared to Q1 2024?
Net income attributable to common shareholders was $5 million for both the three months ended March 31, 2025, and March 31, 2024.
What were the total assets of Kingsway Financial as of March 31, 2025?
As of March 31, 2025, Kingsway Financial's total assets were $1,853 million.
What is the company's SIC code?
The Standard Industrial Classification code for Kingsway Financial Services Inc. is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.
What is the filing date of this 10-Q report?
This 10-Q report was filed on May 8, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding KINGSWAY FINANCIAL SERVICES INC (KFS).