---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014167"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:56:42.720307+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kingsway 2023 revenue $103.2M (+11% YoY); net income $24M (+59%); adjusted EBITDA down 18%

## Summary
- Total revenue $103.2M (+11% YoY); net income $24M (+59%); consolidated adj. EBITDA $9.1M (-18%).
- Extended Warranty segment revenue down 1.3%, adj. EBITDA down 21% on higher claims; price increases rolling out.
- KSX segment acquired SPI (vertical software) and DDI (cardiac monitoring); added 4 new OIRs; NOLs $623M.
- Retired $96.7M TruPs at ~61% of par; reduced segment debt $9.1M; repurchased 423K shares and 1.09M warrants.
- Share buyback plan extended through 2025; investor day scheduled May 20, 2024 at NYSE.

## SEC filing metadata
- accession: 0001437749-24-014167
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000143774924014167/0001437749-24-014167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774924014167/kfs20240501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014167
- JSON: https://secwatch.observer/filing/0001437749-24-014167.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014167.txt

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