---
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"
generated_at: "2026-06-02T08:36:48.339229+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q1 revenue $26.2M (-0.9% YoY); net loss $2.3M vs prior-year net income of $27.9M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015362
- JSON: https://secwatch.observer/filing/0001437749-24-015362.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015362.txt

## Key facts
- Earnings Releases
  KINGSWAY FINANCIAL SERVICES INC reported three months ended March 31, 2024 results: revenue $26.2 million.
  - Period: three months ended March 31, 2024
  - Revenue: $26.2 million
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1072627/000143774924015362/0001437749-24-015362-index.htm

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