NYSE$KFS
Kingsway Financial Services · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported full year results, completed the railyard sale, acquired Secure Nursing Service, Inc. and CSuite Financial Partners.
Kingsway Financial Services Inc. reported solid financial results for 2022, highlighted by revenue growth, strategic acquisitions, and simplification of its capital structure through debt reduction and asset reallocation.
- Completed the sale of its railyard in Texas for $215.2 million, resulting in net proceeds of $21.4 million after taxes, fees and distribution to the minority shareholder.
- Acquired Secure Nursing Service, Inc. for $10.9 million and CSuite Financial Partners for $8.5 million, both expected to be immediately accretive.
- Amended an existing debt facility to draw up to $10 million in additional principal until February 27, 2024.
- Intends to repurchase 100% of the principal and deferred interest from five of the six trust preferred debt instruments no later than March 15, 2023.
Headline financials
Revenue & EPS history
Kingsway Financial · Revenue · Quarterly
$13.9M
Revenue by segment
Kingsway Financial · $74M total across 1 segment · Q4 2022
- Extended Warranty$74M—100.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-0.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
-0.7%
Avg return
30 days after
56%
32 / 57 earnings
Positive
+16.3%
Q2 2022
Best reaction
-11.0%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +6.3% | -5.7% | |
| Q3 2025 | +0.1% | -11.8% | -13.3% | |
| Q1 2025 | -1.2% | +3.8% | +48.1% | |
| Q3 2024 | -0.2% | -4.2% | -9.0% | |
| Q1 2024 | -11.0% | -12.1% | -12.8% | |
| Q4 2023 | +0.8% | -4.9% | -9.5% | |
| Q3 2023 | +2.6% | -4.9% | +1.9% | |
| Q2 2023 | -2.6% | -0.7% | +5.0% | |
| Q1 2023 | -5.1% | -3.9% | +0.8% | |
| Q4 2022 | +0.9% | -11.2% | -13.0% | |
| Q3 2022 | +0.0% | +1.6% | +1.4% | |
| Q2 2022 | +16.3% | +19.6% | +8.7% | |
| Q1 2022 | -2.1% | -3.6% | -3.6% | |
| Q4 2021 | +9.8% | +7.8% | +8.0% | |
| Q3 2021 | -0.2% | -1.1% | -9.2% | |
| Q2 2021 | +0.2% | -1.4% | +0.9% | |
| Q1 2021 | -2.2% | -2.2% | -1.0% | |
| Q4 2020 | +0.7% | +4.5% | +1.1% | |
| Q3 2020 | -0.0% | -0.3% | +33.8% | |
| Q2 2020 | -2.1% | -2.1% | +1.7% | |
| Q1 2020 | +7.6% | +10.5% | +17.6% | |
| Q4 2019 | +4.5% | +9.0% | +26.7% | |
| Q3 2019 | +0.5% | +3.6% | -9.8% | |
| Q2 2019 | +0.5% | +3.6% | -9.8% | |
| Q1 2019 | +0.5% | +0.5% | -9.8% | |
| Q4 2018 | -4.0% | -1.3% | +12.6% | |
| Q3 2018 | +4.2% | +5.0% | -9.6% | |
| Q2 2018 | +1.6% | +3.3% | -21.3% | |
| Q1 2018 | +7.5% | +12.3% | -16.5% | |
| Q4 2017 | -10.5% | -13.5% | -33.3% | |
| Q3 2017 | +0.4% | +0.5% | -0.5% | |
| Q2 2017 | -0.8% | -2.5% | -10.7% | |
| Q1 2017 | -6.1% | +0.0% | +9.6% | |
| Q4 2016 | -1.7% | -5.0% | -4.2% | |
| Q3 2016 | -0.9% | -1.0% | -4.9% | |
| Q2 2016 | +3.6% | +4.0% | +5.3% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | +0.9% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | -7.8% | — | — | |
| Q1 2013 | -4.8% | — | — | |
| Q3 2012 | -8.9% | — | — | |
| Q3 2011 | -8.9% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q4 2011 | +4.1% | — | — | |
| Q1 2012 | +4.1% | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | -10.2% | — | — | |
| Q2 2010 | -4.5% | — | — |
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