trending Market Intelligence /marketintelligence/en/news-insights/trending/zkacbxzoprqqxafdwstpvg2 content esgSubNav
In This List

Kingsway Financial Q1 net loss widens YOY

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Kingsway Financial Q1 net loss widens YOY

Kingsway Financial Services Inc. posted a first-quarter net loss attributable to common shareholders of about $2.3 million, or 11 cents per share, compared to a loss of $1.8 million, or 8 cents per share, in the year-ago period.

Results for the most recent quarter include a noncash loss of $900,000 attributable to change in fair value of debt, while first-quarter 2017 results included a noncash loss of $1.9 million attributable to change in fair value of debt.

The company had first-quarter operating income of $430,000, compared to an operating loss of $638,000 in the prior-year quarter.

Total revenues were $45.7 million, slightly down from $46.7 million in the year-ago quarter.