Kingsway Financial Q3 2022 Earnings Report
Key Takeaways
Kingsway Financial Services Inc. announced its operating results for the three months ended September 30, 2022, reporting a net income of $37.3 million and a non-GAAP adjusted income growth of more than 20% from the prior year quarter. The company completed the sale of PWSC for $51.2 million and entered into option agreements to repurchase five of its six trust preferred debt instruments for $59.4 million.
Completed the sale of its Professional Warranty Service Corporation (PWSC) subsidiary for $51.2 million.
Entered into option agreements to repurchase five of its six trust preferred debt instruments for $59.4 million.
Completed the sale of Flower Portfolio commercial real estate property, resulting in net cash of $5.8 million.
Acquired CSuite Financial Partners under the Kingsway Search Xcelerator Program.
Kingsway Financial
Kingsway Financial
Forward Guidance
No forward guidance provided in the current earnings report.