---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013296"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:58:57.946196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q1 net income $27.8M vs loss; revenue up 17% to $26.4M

## Summary
- Consolidated revenue $26.4M (+17% YoY); net income $27.8M vs net loss $2.5M in prior year.
- Adjusted EBITDA $2.4M vs $1.0M; twelve-month run-rate remains $18M-$19M.
- Repurchased $96.7M of trust preferred debt at 60.8 cents on dollar, realizing IRR >20%.
- KSX segment revenue surged 131% to $9.7M, driven by acquisitions of CSuite and SNS.
- Board authorized $10M share repurchase program; added two new hires to KSX platform.

## SEC filing metadata
- accession: 0001437749-23-013296
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000143774923013296/0001437749-23-013296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774923013296/kfs20230123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013296
- JSON: https://secwatch.observer/filing/0001437749-23-013296.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013296.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.