Kingsway Financial Services Inc. has found two additional adjustments in connection with the consolidation of certain of its limited liability investments, compared to the unaudited 2018 fourth-quarter and full-year financial results released March 14.

To reflect a fair value adjustment, the company expects to decrease by $300,000 the carrying value related to one of the underlying equity investments held by one of the limited liability companies being consolidated. The company also expects to reclassify $300,000 related to a fair value adjustment to another one of the underlying equity investments held by one of the limited liability companies. The adjustments are expected to reduce investment income by about $600,000 and shareholders' equity by about $300,000.

Also, the company discovered an adjustment related to the accounting for its class A preferred stock and series C warrants issued Feb. 3, 2014. As a result, shareholders' equity will increase, but this will be offset by a decrease in the class A preferred stock's carrying value.

The adjustments will be reflected in the company's annual report on Form 10-K for the full year 2018. The company said it will continue to work with its auditors to file its 2018 Form 10-K as soon as practicable.