Kingsway Financial Services Inc

NYSE:KFSUnited States

segment $ 5,916 $ 1,313 $ 1,828 $ 1,555 $ 1,220 ======= ======= ======= ======= ======== Twelve Months Ended For the Three Months Ended ----------- --------------------------------------------------- 9/30/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 ----------- ----------- ----------- ----------- ------------ GAAP Operating Income for KSX segment $ 5,322 $ 1,003 $ 1,616 $ 1,577 $ 1,126 Non-GAAP Adjustments: Employee costs (1) 322 87 78 87 70 Investment income (2) 43 15 17 11 - ------- ------- ------- ------- -------- Total Non-GAAP Adjustments 365 102 95 98 70 ------- ------- ------- ------- -------- Non-GAAP adjusted EBITDA for KSX segment $ 5,687 $ 1,105 $ 1,711 $ 1,675 $ 1,196 ======= ======= ======= ======= ======== (1) Costs associated with employees assisting during a transition period and are not expected to be replaced once transition period has ended (approximately one year from acquisition date). (2) Investment income from interest on client deposits (Ravix, CSuite), as well as imputed interest on long-term software contracts (SPI) (3) The June 30, 2024 quarter includes a one-time catch-up for depreciation associated with the finalization of the DDI purchase accounting

CHICAGO, IL / ACCESSWIRE / October 31, 2024 / Kingsway Financial Services Inc. (NYSE:KFS)("Kingsway" or the "Company") today announced that it will report financial results for the three and nine months ended September 30, 2024, after the close of trading on Wednesday, November 6, 2024.