{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015362","form_type":"8-K","ticker":"KFS","cik":"0001072627","company_name":"KINGSWAY FINANCIAL SERVICES INC","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.185177+00:00","generated_at":"2026-06-02T08:36:48.339229+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Kingsway Q1 revenue $26.2M (-0.9% YoY); net loss $2.3M vs prior-year net income of $27.9M","bullets":["Revenue flat at $26.2M; Extended Warranty $16.7M (unchanged), KSX down 2.5% to $9.5M.","Adjusted consolidated EBITDA $2.1M vs $2.4M; combined operating co run-rate EBITDA $16-17M.","Net loss $2.3M vs prior-year net income $27.9M which included $31.6M one-time debt extinguishment gain.","Share repurchase program extended to March 21, 2025; bought back 8,000 shares for $0.1M through May 8.","CEO targets 2-3 acquisitions per year with $1-3M each; net debt $34.9M vs $35.3M at Dec 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015362","json":"https://secwatch.observer/filing/0001437749-24-015362.json","markdown":"https://secwatch.observer/filing/0001437749-24-015362.md","text":"https://secwatch.observer/filing/0001437749-24-015362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1072627/000143774924015362/0001437749-24-015362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1072627/000143774924015362/kfs20240224_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T08:36:48.339229+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":"88a42c67cac9ada6d4b8327b9eb027471c816063","claim":"KINGSWAY FINANCIAL SERVICES INC reported three months ended March 31, 2024 results: revenue $26.2 million.","evidence_excerpt":"Kingsway Financial Services Inc. (\"Kingsway\" or the \"Company\") today announced its operating results for the three months ended March 31, 2024. First Quarter 2024 Consolidated Financial Highlights ● Consolidated revenue decreased 0.9% to $26.2 million for the three months ended March 31, 2024, compared to $26.4 million in the prior year period","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1072627/000143774924015362/0001437749-24-015362-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$26.2 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}