KWY · NYSE · Insurance - Diversified

Kingsway (KWY)

Acquirer and operator of decentralized service businesses and vehicle-service-contract platforms.

$9.29
vs last close−0.21 (−2.26%)
Loading prices…

Kingsway CorporationKWY
Financial sector

Combines a search-fund acquisition platform with vehicle-service-contract administration. Revenue comes from independently run service businesses and warranty fees recognized over the expected work of each contract, tying results to operator execution and distributor channels.

Operates a decentralized holding company of service businesses through Kingsway Search Xcelerator and Extended Warranty. KSX combines outsourced finance and accounting, managed IT, healthcare staffing and cardiac monitoring, resort software, electric-motor repair, and plumbing brands. It acquires smaller companies through an operator-in-residence model, places the operator in the chief executive role, and supports subsidiaries through the Kingsway Business System.

Extends vehicle service agreements through credit-union and dealer channels, collecting cash at contract sale while recognizing service-fee revenue over expected administration and claims work. Operations are primarily U.S.-based, with a portfolio managed separately at the subsidiary level. Results depend on acquisitions and capable operators, distributor relationships and vehicle sales, claims pricing and restricted trusts, skilled labor, and decentralized IT infrastructure.

Company facts

CEOJohn T. Fitzgerald
ListedJul 11, 2001
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited States
Employees607
CIK0001072627
ISINUS4969042021

Market cap$275.0M
EPS (ttm)−$0.3023
P/E (ttm)−31.43
ROE-23.7%
P/B9.46
P/S1.77
Dividend yieldDiv yield
Beta

No analyst consensus on record.

EPSReportedEstimate

May '26Aug '26
Reported−$0.10−$0.03
Estimate
Surprise

RevenueReportedEstimate

May '26Aug '26
Reported$39.0M$39.4M
Estimate
Surprise
Estimate
Reported−$0.03
Estimate
Reported$39.4M
View details

Debt to equity235.20%
Current ratio87.30%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$31.5M$37.6M$39.0M$39.0M$39.4M
Net income−$3.3M−$2.5M−$1.7M−$2.5M−$617.0K
Net margin0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.3M−$4.5M−$1.3M−$1.9M−$2.5M
YoY growthLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $46.1M · Total debt $68.4M · Total assets $227.8M · Shareholders' equity $29.1M

Revenue
$39.4M
Operating income
−$2.5M
Net income
−$617.0K
View details

No dividends on record.

Insiders16.48%4.77M shares
4 holders · as of Sep 16, 2026
Other83.52%24.18M shares
remainder

28.95M company shares as of Aug 21, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Joseph StilwellInsiderdirector, 10 percent owner
9.76%2.83Mfiled Aug 17, 2026
John Taylor Maloney FitzgeraldInsiderdirector, officer: President and CEO
4.93%1.43Mfiled Sep 16, 2026
Joshua HorowitzInsiderdirector
1.32%381,103filed Aug 20, 2026
Kent A. HansenInsiderofficer: CFO & EVP
0.47%136,503filed Sep 16, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Kent A. Hansenofficer: CFO & EVP+159$9.82
Sep 15, 2026John Taylor Maloney Fitzgeralddirector, officer: President and CEO+254$9.82
Aug 31, 2026John Taylor Maloney Fitzgeralddirector, officer: President and CEO+239$10.45
Aug 31, 2026Kent A. Hansenofficer: CFO & EVP+149$10.45
Aug 20, 2026Joshua Horowitzdirector+769$9.89
View details

  • Assurant

    Vehicle service contracts contest dealer and credit-union channels.

  • AMN

    Travel and per-diem nurse staffing for acute-care facilities.

  • CBIZ

    Outsourced accounting and fractional CFO services for businesses.

  • ePlus

    Managed IT, cybersecurity and equipment sales for business clients.

Compare

CompanyPriceChange
Kingsway$9.29−2.26%$275.0M1.8
Assurant$271.27+0.07%$13.43B12.812.21.0+9.4%
AMN$34.40−0.42%$1.34B12.941.00.4+2.3%
CBIZ$54.69+0.02%$2.93B25.112.51.1−0.2%
ePlus$91.64+0.07%$2.39B19.216.61.0+1.9%
Median16.014.61.0+2.1%