MARKETS / NYSE / KWY
NYSE · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Kingsway Corporation KWY

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$135.0M
▲ 23.4% vs FY2024
EPS · FY25
$-0.43
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-86.9%
Net margin · FY25
-7.6%
Dividend coverage
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Result
USD 135.0M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.080.160.240.1-0.0201120142017202020232025
0.080.160.240.1-0.02016201920222025

The company lost 8 cents on every revenue dollar this year.

Per share
USD -0.43
Diluted EPS, FY2025
EPS Dividend
0.40.81.2-0.43201120142017202020232025
0.40.81.2-0.432016201920222025

The company pays no cash dividend.

Profitability
-86.9%
Return on equity, FY2025
ROE
80160240320-86.9%201120142017202020232025
80160240320-86.9%2016201920222025
Operating margin-1.8%
Net margin-7.6%
Return on assets-4.9%

Each USD of equity lost 87 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD -15.3M
Share of profit-0.0%
Consecutive raises

Growth
+23.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+13.1%
+23.2%
−1.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.010.03201120142017202020232025
0.020.032016201920222025
Change, 5 years+28.9%
Change, 10 years+45.2%

The share count grew 29% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 231.5M
total assets, end of FY2025
Total assetsUSD 231.5M
EquityUSD 15.2M
CashUSD 8.3M
Gross debtUSD 70.7M
Net debtUSD 62.4M

Net debt stands at 411% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.0
0.2
0.2
0.2
0.2
0.2
0.2
Operating income $B
−0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
EBITDA $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
−0.0
−0.0
Income tax $B
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
−0.0
Net income $B
−0.0
−0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
−0.0
−0.0
−0.1
−0.0
EPS, diluted $
−0.43
−0.35
0.89
0.98
−0.04
−0.35
−0.32
−1.41
−0.79
0.01
0.04
−0.75
−2.61
−4.05
−2.09
Dividend / sh $
·
·
·
·
·
·
0.00
0.00
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−86.9
−45.9
110.7
302.9
·
·
−103.6
−105.3
−34.8
1.1
3.2
−30.8
−73.3
−55.3
−16.3
Shares out B
0.03
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
30 of 30
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed