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Stocks · Financials · Fire, Marine & Casualty Insurance

KINGSWAY Corp

KWY Clue Score44
United States Fiscal year ends December CIK 0001072627
$9.40 -0.95% Close, 9 Oct 2026
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Price $9.40 +67.86% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue176.6Operating income−7.1Net income0.5EPS, diluted0.01Fiscal year 2017Revenue44.6 −74.8%Operating income6.8Net income−16.9 −3,345.6%EPS, diluted−0.79 −8,000.0%Fiscal year 2018Revenue52.1 +16.8%Operating income−2.3Net income−30.7EPS, diluted−1.41Fiscal year 2019Revenue59.9 +15.1%Operating income−1.4Net income−6.9EPS, diluted−0.32Fiscal year 2020Revenue47.6 −20.6%Operating income−5.2Net income−7.8EPS, diluted−0.35Fiscal year 2021Revenue78.4 +64.7%Operating income−0.5Net income1.9EPS, diluted−0.04Fiscal year 2022Revenue93.3 +19.0%Operating income−3.6Net income15.1 +709.9%EPS, diluted0.98Fiscal year 2023Revenue103.2 +10.7%Operating income1.0EPS, diluted0.89 −9.2%Fiscal year 2024Revenue109.4 +5.9%Operating income2.2EPS, diluted−0.35 −139.3%Fiscal year 2025Revenue135.0 +23.4%Operating income−2.4EPS, diluted−0.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 176.6 44.6 52.1 59.9 47.6 78.4 93.3 103.2 109.4 135.0
Growth −74.8% +16.8% +15.1% −20.6% +64.7% +19.0% +10.7% +5.9% +23.4%
Operating income −7.1 6.8 −2.3 −1.4 −5.2 −0.5 −3.6 1.0 2.2 −2.4
Net income 0.5 −16.9 −30.7 −6.9 −7.8 1.9 15.1 n/a n/a n/a
Growth −3,345.6% +709.9%
EPS, diluted 0.01 −0.79 −1.41 −0.32 −0.35 −0.04 0.98 0.89 −0.35 −0.43
Growth −8,000.0% −9.2% −139.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−4.0%Net margin0.3%Free cash flow margin−9.2%Fiscal year 2017Operating margin15.2%Net margin−38.0%Fiscal year 2018Operating margin−4.4%Net margin−59.0%Fiscal year 2019Operating margin−2.4%Net margin−11.5%Fiscal year 2020Operating margin−11.0%Net margin−16.4%Free cash flow margin3.1%Fiscal year 2021Operating margin−0.6%Net margin2.4%Free cash flow margin−8.6%Fiscal year 2022Operating margin−3.8%Net margin16.2%Fiscal year 2023Operating margin0.9%Fiscal year 2024Operating margin2.0%Fiscal year 2025Operating margin−1.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −4.0% 15.2% −4.4% −2.4% −11.0% −0.6% −3.8% 0.9% 2.0% −1.8%
Net margin 0.3% −38.0% −59.0% −11.5% −16.4% 2.4% 16.2% n/a n/a n/a
Free cash flow margin −9.2% n/a n/a n/a 3.1% −8.6% n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−15.6Capital expenditure−0.6Free cash flow−16.2Buybacks−0.1Fiscal year 2017Operating cash flow−14.4Buybacks0.0Fiscal year 2018Operating cash flow−10.1Fiscal year 2019Operating cash flow0.8Fiscal year 2020Operating cash flow1.7Capital expenditure−0.2Free cash flow1.5Fiscal year 2021Operating cash flow−5.9Capital expenditure−0.8Free cash flow−6.7 −561.8%Fiscal year 2022Operating cash flow−14.6Buybacks0.0Fiscal year 2023Operating cash flow−26.2Buybacks−3.2Fiscal year 2024Operating cash flow1.1Buybacks−2.5Fiscal year 2025Operating cash flow−0.0Buybacks−0.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −15.6 −14.4 −10.1 0.8 1.7 −5.9 −14.6 −26.2 1.1 −0.0
Capital expenditure −0.6 n/a n/a n/a −0.2 −0.8 n/a n/a n/a n/a
Free cash flow −16.2 n/a n/a n/a 1.5 −6.7 n/a n/a n/a n/a
Growth −561.8%
Buybacks −0.1 0.0 n/a n/a n/a n/a 0.0 −3.2 −2.5 −0.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash36.5Total debt233.7Net cash (debt)−197.2Shareholders’ equity56.0Debt to equity4.17Fiscal year 2017Cash5.4Total debt244.1Net cash (debt)−238.8Shareholders’ equity41.4Debt to equity5.90Fiscal year 2018Cash14.6Total debt253.3Net cash (debt)−238.6Shareholders’ equity12.5Debt to equity20.32Fiscal year 2019Cash13.5Total debt258.5Net cash (debt)−245.1Shareholders’ equity0.9Debt to equity295.80Fiscal year 2020Cash14.4Total debt268.3Net cash (debt)−253.9Shareholders’ equity−2.0Fiscal year 2021Cash10.1Total debt94.1Net cash (debt)−84.0Shareholders’ equity−5.7Fiscal year 2022Cash64.2Total debt102.1Net cash (debt)−37.9Shareholders’ equity15.7Debt to equity6.51Fiscal year 2023Cash9.1Total debt44.4Net cash (debt)−35.3Shareholders’ equity27.7Debt to equity1.60Fiscal year 2024Cash5.5Total debt57.5Net cash (debt)−52.0Shareholders’ equity8.4Debt to equity6.84Fiscal year 2025Cash8.3Total debt70.7Net cash (debt)−62.4Shareholders’ equity15.2Debt to equity4.66
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 36.5 5.4 14.6 13.5 14.4 10.1 64.2 9.1 5.5 8.3
Total debt 233.7 244.1 253.3 258.5 268.3 94.1 102.1 44.4 57.5 70.7
Net cash (debt) −197.2 −238.8 −238.6 −245.1 −253.9 −84.0 −37.9 −35.3 −52.0 −62.4
Shareholders’ equity 56.0 41.4 12.5 0.9 −2.0 −5.7 15.7 27.7 8.4 15.2
Debt to equity 4.17 5.90 20.32 295.80 n/a n/a 6.51 1.60 6.84 4.66

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−4.0% 15.2% −4.4% −2.4% −11.0% −0.6% −3.8% 0.9% 2.0% −1.8%
−5.9% −28.1% −42.1% −5.2% −13.7% −8.5% 37.5% 22.9% −7.6% −10.4%
0.3% −38.0% −59.0% −11.5% −16.4% 2.4% 16.2% n/a n/a n/a
−9.2% n/a n/a n/a 3.1% −8.6% n/a n/a n/a n/a
Spending
23.6% 61.2% 57.1% 60.5% 88.4% 57.7% 46.7% 40.5% 41.1% 45.4%
0.4% n/a n/a n/a 0.4% 1.1% n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a 13.8% −8.0% n/a n/a
Returns
0.9% −41.0% −246.5% −790.0% n/a n/a 96.1% n/a n/a n/a
0.1% −3.3% −8.1% −1.7% −1.7% 0.4% 5.3% n/a n/a n/a
Balance and payout
4.17 5.90 20.32 295.80 n/a n/a 6.51 1.60 6.84 4.66
87.4% 89.0% 92.1% 94.8% 95.9% 96.9% 92.3% 87.6% 90.2% 85.1%