Kingsway Financial Services Inc. (Kingsway) is a holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business. The Company operates in two segments: Insurance Underwriting and Insurance Services. Non-standard automobile insurance is principally provided to individuals who do not qualify for standard automobile insurance coverage because of their payment history, driving record, place of residence, age, vehicle type or other factors. On March 30, 2011, the Company sold its wholly owned subsidiary Hamilton Risk Management Company and its subsidiaries, including Kingsway Amigo Insurance Company (Amigo), to HRM Acquisition Corp. Insurance Underwriting principally offers personal automobile insurance to drivers who do not meet the criteria for coverage by standard automobile insurers. During the year ended December 31, 2011, non-standard automobile insurance accounted for 86.4% of the Company's gross premiums written.
|Headquarters||Suite 400, 45 St. Clair Avenue West|
TORONTO, ON, Canada M4V 1K9
|Independent Chairman of the Board||Spencer Schneider|
|President, Chief Executive Officer||Larry Swets|
|Chief Financial Officer, Chief Operating Officer, Executive Vice President||William Hickey|
|President of Assigned Risk Solutions Ltd.||Leonia Rodrigues|
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|Shares Out.||13.1M||Book Value||$5.08|
|Annual Dividend Rate||$0.00||Price/Sales (TTM)||0.3|
|Ex-Div Date||1/1/01||P/Cash Flow (TTM)||--|
|Pay Date||1/1/01||Operating Margin||-33.42%|
*GAAP = prior to non-GAAP analyst adjusted earnings.