Kingsway Corp. (KWY)
NYSE · Fire, Marine & Casualty Insurance · Finance, insurance and real estate · CIK 1072627 · fiscal year ends in Dec
Closing price $9.83 on 30 Oct 2026; 52-week range $8.61 to $14.63.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $154.1M
- Revenue growth
- 32.8%
- Net income, last twelve months
- -$7.5M
- Earnings per share
- -$0.30
- Operating margin
- -0.1%
- Net margin
- -4.9%
- Return on equity
- -58.4%
- Market value
- $281.1M
- Cash
- $7.4M
- Debt
- $44.5M
- Debt to equity
- 3.47
- Shares outstanding
- 28.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $135.0M | -$2.4M | -$11.9M | -$0.43 | – | 10-K filed 12 Mar 2026 |
| FY2024 | 31 Dec 2024 | $109.4M | $2.2M | -$9.5M | -$0.35 | – | 10-K filed 17 Mar 2025 |
| FY2023 | 31 Dec 2023 | $103.2M | $954.0K | $23.5M | $0.89 | – | 10-K filed 5 Mar 2024 |
| FY2022 | 31 Dec 2022 | $93.3M | -$3.6M | $24.4M | $0.98 | – | 10-K filed 8 Mar 2023 |
| FY2021 | 31 Dec 2021 | $78.4M | -$474.0K | -$836.0K | -$0.04 | -$6.7M | 10-K filed 28 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $39.4M | $157.0K | -$0.03 |
| Q1 FY2026 | 31 Mar 2026 | $39.0M | -$2.8M | -$0.10 |
| Q4 FY2025 | 31 Dec 2025 | $38.6M | -$2.1M | -$0.07 |
| Q3 FY2025 | 30 Sep 2025 | $37.2M | -$2.8M | -$0.10 |
| Q2 FY2025 | 30 Jun 2025 | $30.9M | -$3.6M | -$0.13 |
| Q1 FY2025 | 31 Mar 2025 | $28.3M | -$3.4M | -$0.13 |
| Q4 FY2024 | 31 Dec 2024 | $29.6M | -$1.8M | -$0.08 |
| Q3 FY2024 | 30 Sep 2024 | $27.1M | -$2.8M | -$0.10 |
Company events
The newest 8-K filings of 155 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 6 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 21 May 2026 | 8-K | Shareholder vote | 5.07 |
| 19 May 2026 | 8-K | Bylaws or fiscal year change, Investor update, Other events | 5.03, 7.01, 8.01, 9.01 |
| 11 May 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 7 May 2026 | 8-K | Results | 2.02, 9.01 |
| 16 Mar 2026 | 8-K | Investor update | 7.01, 9.01 |
| 12 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 6 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 7 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 7 Jul 2025 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 25 Jun 2025 | 8-K | Material agreement, Share sale, Investor update | 1.01, 3.02, 7.01, 9.01 |
| 21 May 2025 | 8-K | Shareholder vote | 5.07 |
Every filing
The newest filings with the SEC of 567 held.
| Filed | Form | Period |
|---|---|---|
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 21 May 2026 | 8-K | 18 May 2026 |
| 20 May 2026 | S-8 | – |
| 19 May 2026 | 8-K | 18 May 2026 |
| 11 May 2026 | 8-K | 8 May 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 28 Apr 2026 | DEFA14A | – |
| 6 Apr 2026 | ARS | 31 Dec 2025 |
| 6 Apr 2026 | DEFA14A | – |
| 6 Apr 2026 | DEF 14A | 18 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 16 Oct 2026 | Hansen Kent A, CFO & EVP | Plan purchase | 160 | $9.74 | $1.6K | 136,832 | 16 Oct 2026 |
| 15 Oct 2026 | Fitzgerald John Taylor Maloney, President and CEO | Plan purchase | 357 | $9.74 | $3.5K | 1,427,787 | 16 Oct 2026 |
| 30 Sep 2026 | Horowitz Joshua, Director | Purchase | 858 | $9.23 | $7.9K | 384,678 | 30 Sep 2026 |
| 30 Sep 2026 | Fitzgerald John Taylor Maloney, President and CEO | Plan purchase | 269 | $9.30 | $2.5K | 1,427,430 | 30 Sep 2026 |
| 30 Sep 2026 | Hansen Kent A, CFO & EVP | Plan purchase | 169 | $9.30 | $1.6K | 136,672 | 30 Sep 2026 |
| 28 Sep 2026 | Horowitz Joshua, Director | Purchase | 2,717 | $9.28 | $25.2K | 383,820 | 30 Sep 2026 |
| 15 Sep 2026 | Hansen Kent A, CFO & EVP | Plan purchase | 159 | $9.82 | $1.6K | 136,503 | 16 Sep 2026 |
| 15 Sep 2026 | Fitzgerald John Taylor Maloney, President and CEO | Plan purchase | 254 | $9.82 | $2.5K | 1,427,161 | 16 Sep 2026 |
| 31 Aug 2026 | Hansen Kent A, CFO & EVP | Plan purchase | 149 | $10.45 | $1.6K | 136,344 | 1 Sep 2026 |
| 31 Aug 2026 | Fitzgerald John Taylor Maloney, President and CEO | Plan purchase | 239 | $10.45 | $2.5K | 1,426,907 | 1 Sep 2026 |
| 20 Aug 2026 | Horowitz Joshua, Director | Purchase | 769 | $9.89 | $7.6K | 381,103 | 20 Aug 2026 |
| 19 Aug 2026 | Horowitz Joshua, Director | Purchase | 7,034 | $9.84 | $69.2K | 380,334 | 20 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 21 May 2026 | John T. Fitzgerald, Officer | 5,000 | $51.1K | 21 May 2026 |
| 20 May 2026 | John T. Fitzgerald, Officer | 5,000 | $51.2K | 20 May 2026 |
| 19 May 2026 | John T. Fitzgerald, Officer | 5,000 | $52.2K | 19 May 2026 |
| 29 Dec 2025 | Hansen Kent A, Officer | 7,500 | $105.0K | 29 Dec 2025 |
| 23 Dec 2025 | John T. Fitzgerald, Officer | 30,000 | $398.4K | 23 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Jul 2026 | Capricorn Fund Managers Ltd | 13G amended | 4.9% | 1.4M |
| 20 May 2026 | David Capital Partners, LLC | 13D amended | 10.3% | 3.0M |
| 10 Apr 2026 | Mirabella Financial Services LLP | 13G amended | 0% | 0 |
| 5 Feb 2026 | Capricorn Fund Managers Ltd | 13G | 6.6% | 1.9M |
| 9 Jan 2026 | Mirabella Financial Services LLP | 13G amended | 6.85% | 2.0M |
| 19 Dec 2025 | Stilwell Activist Fund, L.P. | 13D amended | 12.7% | 3.7M |
| 18 Dec 2025 | David Capital Partners, LLC | 13D amended | 9% | 2.6M |
| 18 Dec 2025 | Palm Management (US) LLC | 13D amended | 1.5% | 436.8K |
| 18 Dec 2025 | Oakmont Capital Inc. | 13D amended | 8.24% | 2.4M |
| 15 Dec 2025 | Stilwell Activist Fund, L.P. | 13D amended | 18.8% | 5.5M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.4M | -2.15% | 33.82 |
| 30 Sep 2026 | 1.4M | -0.63% | 25.41 |
| 15 Sep 2026 | 1.4M | -0.54% | 39.62 |
| 31 Aug 2026 | 1.4M | -5.01% | 26.03 |
| 14 Aug 2026 | 1.5M | -0.74% | 20.92 |
| 31 Jul 2026 | 1.5M | +2.27% | 22.27 |
| 15 Jul 2026 | 1.5M | +8.94% | 21.17 |
| 30 Jun 2026 | 1.3M | +7.2% | 13.46 |
Funds that hold it
From each fund's latest Form 13F.
82 funds held it at 30 Jun 2026: 39 added and 20 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Stilwell Value LLC | 3,363,450 | $35.0M | 0 |
| Greenhaven Road Investment Management, L.P. | 1,696,149 | $17.7M | -155,627 |
| Capricorn Fund Managers Ltd | 1,410,526 | $14.7M | -374,367 |
| BlackRock, Inc. | 1,262,514 | $13.2M | +121,926 |
| Vanguard Capital Management LLC | 856,359 | $8.9M | +122,000 |
| Geode Capital Management, LLC | 515,740 | $5.4M | +37,425 |
| Belpointe Asset Management LLC | 358,511 | $3.7M | -2,000 |
| Renaissance Technologies LLC | 302,815 | $3.2M | -16,855 |
| State Street Corp. | 297,996 | $3.1M | -5,812 |
| Bard Associates Inc. | 279,274 | $2.9M | +1,416 |
Peers
Companies in the same industry.
- Berkshire Hathaway Inc. (BRK.B): revenue $384.7B, market value $1.17T
- Chubb Ltd. (CB): revenue $61.8B, market value $139.3B
- Progressive Corp. (PGR): revenue $91.1B, market value $134.4B
- Travelers Companies, Inc. (TRV): revenue $48.9B, market value $81.2B
- Allstate Corp. (ALL): revenue $70.1B, market value $66.0B
- American International Group, Inc. (AIG): revenue $26.6B, market value $43.0B
- Arch Capital Group Ltd. (ACGL): revenue $19.2B, market value $36.3B
- Hartford Insurance Group, Inc. (HIG): revenue $29.0B, market value $35.5B
- Everest Group, Ltd. (EG): revenue $16.2B, market value $30.6B
- Cincinnati Financial Corp. (CINF): revenue $13.3B, market value $27.8B