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Mar 31, 2021
Kingsway Financial Q1 2021 Earnings Report
Announced operating results for the first quarter of 2021.
Key Takeaways
Kingsway Financial Services Inc. reported a net income of $0.9 million for the three months ended March 31, 2021, compared to a net loss of ($0.4) million for the same period in 2020. Non-GAAP adjusted income was $4.3 million, compared to a Non-GAAP adjusted loss of ($1.1) million in 2020. Extended Warranty operating income increased to $5.3 million.
Net income was $0.9 million for the three months ended March 31, 2021, compared to a net loss of ($0.4) million for the same period in 2020.
Non-GAAP adjusted income was $4.3 million for the three months ended March 31, 2021, compared to Non-GAAP adjusted loss of ($1.1) million for the same period in 2020.
Extended Warranty operating income increased to $5.3 million for the three months ended March 31, 2021 compared to $0.9 million for the same period in 2020, while non-GAAP adjusted EBITDA increased to $5.4 million for the three months ended March 31, 2021, compared to $1.2 million for the same period for 2019.
The results are inclusive of a benefit from loan forgiveness under the Paycheck Protection Program (PPP).
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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