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Kingsway Corporation (KWY)

NYSE: KWY · Fire, Marine & Casualty Insurance · Chicago, IL · filing with the SEC since 1998
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Grade3.6
◀ Past 3.7● Present 2.9▶ Future 4.4
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedMar 12, 2026Mar 17, 2025Mar 5, 2024Mar 8, 2023Feb 28, 2022Mar 29, 2021Jul 10, 2020Feb 27, 2020Mar 16, 2018Mar 13, 2017
Revenue134,996109,382103,24493,28078,40160,972r59,94852,07844,598r176,630
For insurers
Net investment income1,6271,4321,8042,3051,5752,6252,9052,957r7,087r8,244r
Benefits, claims and losses25,72724,57723,06620,89519,5369,922····
General and administrative61,22444,92541,80543,51945,245r42,099r36,26129,73227,311r41,629
Total operating expenses137,394107,220102,29096,85378,875r66,19361,35754,37148,927r183,477
Total costs and expenses··27,21118,6737,0522,692····
Operating income-2,3982,162954-3,573-474r-5,221r-1,409-2,293r6,779r-7,069
Interest expense5,4494,7906,2508,0926,1617,7198,9917,4076,348r4,496
Interest and investment income1,4021,3051,018556242310484236190r794
Share of profit of equity-method investments·····0169-2,4992,115-1,017
Other income (expense), net377192r-1,542-20616r332r-8,524-8,963-10,503r-7,640r
Income before income taxes-14,004-8,26023,65134,957-6,630r-6,537-3,132-21,949-12,514r-10,453
Income tax expense-3,752-147-1,8994,825-3,916r-1,115-363315-16,688r-9,720
Income from continuing operations-10,252-8,11325,55030,132-2,714r-5,422-2,769-22,2644,174r-733
Income from discontinued operations···-12,8054,574·····
Net income including non-controlling interests-10,252-8,29524,01215,0651,860-5,416-4,313-28,336-11,609r522
Net income to non-controlling interests479977·-1,4711,660r1,309r1,5731,7654,085r-281
Net income·····-7,791-6,905-30,721-16,942·
Preferred dividends1,186179743064941,0661,0196201,248r565
Net income to common shareholders-11,917-9,45123,48524,416-836-7,797-5,361r-30,721r-1,159r238r
Earnings per share, basic-0.43-0.350.911.06-0.04-0.35-0.32-1.41-0.79r0.01r
Earnings per share, diluted-0.43-0.350.890.98-0.04-0.35-0.32-1.41-0.79r0.01r
Weighted average shares, basic27,86227,19225,71322,96122,53722,17621,86021,72821,54720,003
Weighted average shares, diluted27,86227,19226,44825,30422,53722,17621,86021,72821,54720,003
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Net investment income what its investments earnedus-gaap:NetInvestmentIncome
Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseDebt
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperations
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton KWY · research, not advice