Kingsway Financial Q3 2020 Earnings Report
Key Takeaways
Kingsway Financial Services reported a GAAP net loss of $1.1 million for the three months ended September 30, 2020, compared to a GAAP net loss of $4.0 million for the same period in 2019. Non-GAAP adjusted loss was $0.45 million, which included a $0.3 million tax benefit.
Net loss was $1.1 million for the three months ended September 30, 2020 compared to a net loss of $4.0 million for the same period in 2019.
Non-GAAP adjusted loss was $0.45 million for the three months ended September 30, 2020 compared to a Non-GAAP adjusted loss of $0.43 million for the same period in 2019.
Revenues from the Extended Warranty service fee and commission income decreased 7.0% to $12.0 million for the three months ended September 30, 2020 compared with $12.9 million for the three months ended September 30.
Leased Real Estate rental income was $3.3 million for the quarters ended September 30, 2020 and 2019.
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Kingsway Financial Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income