{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-005798","form_type":"8-K","ticker":"KFS","cik":"0001072627","company_name":"KINGSWAY FINANCIAL SERVICES INC","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.779543+00:00","generated_at":"2026-06-18T08:12:43.149341+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kingsway FY2022 revenue $93.3M, turns profitable, sells railyard, two acquisitions","bullets":["Revenue $93.3M (vs $78.4M in 2021); income from cont ops $30.1M vs loss $2.7M; Adj EBITDA $10.2M vs $7.1M.","Sold Texas railyard for $215.2M ($44.5M cash, $170.7M mortgage assumption), net $21.4M to Kingsway.","Acquired Secure Nursing Service ($10.9M) and CSuite Financial Partners ($8.5M), both accretive.","Unrestricted cash $64.2M (vs $10.1M Dec 2021); amended debt facility for up to $10M additional.","Announced repurchase of 100% of principal & deferred interest on five of six trust preferred debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-005798","json":"https://secwatch.observer/filing/0001437749-23-005798.json","markdown":"https://secwatch.observer/filing/0001437749-23-005798.md","text":"https://secwatch.observer/filing/0001437749-23-005798.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1072627/000143774923005798/0001437749-23-005798-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1072627/000143774923005798/kfs20221121_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:12:43.149341+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":"e852e4347fe7d745d6b6bce8f680d1a2fc9bfc01","claim":"KINGSWAY FINANCIAL SERVICES INC reported the 12 months ended December 31, 2022 results: revenue $93.3 million, net income $30.1 million.","evidence_excerpt":"Total revenue was $93.3 million for 2022, compared to $78.4 million for 2021, and now consists of just Extended Warranty and Kingsway Search Xcelerator (“KSX”) segment revenues","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1072627/000143774923005798/0001437749-23-005798-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 12 months ended December 31, 2022"},{"label":"Revenue","value":"$93.3 million"},{"label":"Net income","value":"$30.1 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"}