KINGSWAY FINANCIAL SERVICES INC

KINGSWAY FINANCIAL SERVICES INC

KINGSWAY FINANCIAL SERVICES INC

Overview
Date Founded

1989

Headquarters

45 St. Clair Avenue West,Suite 400,Toronto, ON M4V 1K9

Type of Company

Public

Employees (Worldwide)

123

Industries

Insurance: Property & Casualty
Accounting & Financial Services
Holding Companies

Company Description

Kingsway Financial Services, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Insurance Underwriting, Extended Warranty, and Leased Real Estate. The Insurance Underwriting segment offers personal automobile insurance to drivers. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The Leased Real Estate segment leases a real property to a third party pursuant to a long-term triple net lease. The company was founded on September 19, 1989 and is headquartered in Toronto, Canada.

Contact Data
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Executives & Employees

Chief Executive Officer & President

Chief Financial Officer & Principal Accounting Officer

Vice President-Operational Effectiveness

Vice President, Operations

Board of Directors

President & Director at Oakmont Capital, Inc.

Chief Executive Officer & President at KINGSWAY FINANCIAL SERVICES INC

Director & Vice President at Oakmont Capital, Inc.

Managing Partner at Stilwell Value LLC

President at Levine Management Group, Inc.

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Owners & Shareholders
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Stilwell Value serves as an investment advisor to private investment funds which are generally organized to invest in undervalued financial institutions and/or financially-related firms. Stilwell Value is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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David Capital Partners LLC is a hedge fund manager located in Chicago, Illinois.

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David Capital Partners LLC is a hedge fund manager located in Chicago, Illinois.

Recent Transactions
Details Hidden

KINGSWAY FINANCIAL SERVICES INC purchases Professional Warranty Service Corp. from TA Associates Management, L.P.

Details Hidden

KINGSWAY FINANCIAL SERVICES INC raised money in a private placement transaction

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KINGSWAY FINANCIAL SERVICES INC purchases CMC Industries, Inc. (Texas) from BNSF-Delpres Investments Ltd.

Transaction Advisors
Accountant

Advised onKINGSWAY FINANCIAL SERVICES INC purchases American Country Holdings, Inc.

Legal Advisor

Advised onKINGSWAY FINANCIAL SERVICES INC purchases CMC Industries, Inc. (Texas) from BNSF-Delpres Investments Ltd.

Legal Advisor

Advised onKINGSWAY FINANCIAL SERVICES INC, 1347 Capital LLC purchase Intercontinental Warranty Services, Inc. from Nserv, Inc.

Investment Advisor

Advised onNational General Holdings Corp. purchases Assigned Risk Solutions Ltd. from KINGSWAY FINANCIAL SERVICES INC

Analyst

Advised onNational General Holdings Corp. purchases Assigned Risk Solutions Ltd. from KINGSWAY FINANCIAL SERVICES INC

Legal Advisor

Advised onNational General Holdings Corp. purchases Assigned Risk Solutions Ltd. from KINGSWAY FINANCIAL SERVICES INC

Advisors & Consultants
Senior Advisor

Director & Chief Executive Officer at Itasca Capital Ltd.

Consultant

President at Mendota Insurance Co. (Investment Portfolio)

Advisor

Chief Financial Officer & Director at Itasca Capital Ltd.

Clients

Atlas Financial Holdings, Inc. engages in underwriting commercial automobile insurance policies through its subsidiaries. The firm focuses on the light commercial automobile sector, which includes taxi cabs, nonemergency para-transit, limousine, livery, and business auto. Its products and services include taxi, car service, limousine, paratransit, airport transit, and business auto. The company was founded on December 31, 2010 and is headquartered in Schaumburg, IL.

Itasca Capital Ltd. engages in the direct and indirect investment in natural resource and industrial sectors. The company was founded on September 17, 2009 and is headquartered in Vancouver, Canada.

Key Stats and Financials As of 2018
Market Capitalization
$49.1M
Total Enterprise Value
$301M
Earnings Per Share
$-1.09
Revenue
$55.4M
Total Equity
$30.1M
Net Profit
$-23M
Total Debt
$253M
EBITDAMargin
1.43%
EBITDA
$792K
Enterprise Value Sales
5.44x
TEVNet Income
-13.13x
Debt TEV
0.84x
Three Year Compounded Annual Growth Rate Of Revenue
16.58%
Five Year Compounded Annual Growth Rate Of Revenue
-16.56%
Enterprise Value EBITDAOperating
380.66x
Non-Profit Donations & Grants
Investors
Details Hidden

Executive Vice President & East Coast Divisional Vice President at Avalon Risk Management, Inc.

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