{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-026893","form_type":"8-K","ticker":"KFS","cik":"0001072627","company_name":"KINGSWAY FINANCIAL SERVICES INC","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.521403+00:00","generated_at":"2026-06-21T22:09:37.642936+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Kingsway Q3 net income $37.3M vs loss; sells PWSC for $51.2M, acquires CSuite","bullets":["Net income of $37.3M in Q3 2022 vs net loss of $0.2M in Q3 2021; non-GAAP adjusted net income $2.6M vs $2.1M.","Completed sale of PWSC subsidiary for $51.2M base price; net cash $37.2M, ~10x return on $5M investment.","Entered option agreements to repurchase five trust preferred debt instruments for $59.4M (face $75.5M + deferred interest $19.3M).","Acquired CSuite Financial Partners on Nov 1, 2022; second acquisition under Kingsway Search Xcelerator Program.","Cash from operations for nine months $9.3M vs used $8.0M a year ago; cash balance $48.6M at Sept 30, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-026893","json":"https://secwatch.observer/filing/0001437749-22-026893.json","markdown":"https://secwatch.observer/filing/0001437749-22-026893.md","text":"https://secwatch.observer/filing/0001437749-22-026893.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922026893/0001437749-22-026893-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922026893/kfs20220817_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T22:09:37.642936+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f9d293896772737aff2a0ffa766596399e4c3c66","claim":"KINGSWAY FINANCIAL SERVICES INC reported the three months ended September 30, 2022 results: net income $37.3 million.","evidence_excerpt":"Net income was $37.3 million, compared to net loss of ($0.2) million for the 2021 period","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922026893/0001437749-22-026893-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Net income","value":"$37.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}