Kingsway Financial Services (KFS) has released an update.
Kingsway Financial Services Inc. reports a slight revenue decline in Q1 2024, with consolidated revenue falling to $26.2 million and a net loss of $2.3 million, contrasting sharply with the prior year’s net income boosted by a significant non-recurring gain. The company saw a decrease in both Extended Warranty and KSX segment earnings, attributing the downturn to higher claims expenses and softness in their nurse staffing business, respectively.
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