Brief: Kingsway Reports Second Quarter 2022 Results

Kingsway

04/08/2022 22:21

Aug 4 (Reuters) - Kingsway Financial Services Inc  KFS.N :
    * KINGSWAY REPORTS SECOND QUARTER 2022 RESULTS AND ANNOUNCES
SALE
OF PWSC FOR $51.2 MILLION, ENTRANCE INTO AN OPTION AGREEMENT TO
REPURCHASE A PORTION OF ITS DEBT
    * KINGSWAY FINANCIAL SERVICES INC - ADDITIONALLY, KINGSWAY
IS
ENTITLED TO EARN ADDITIONAL CONSIDERATION BASED UPON A ONE YEAR
EARNOUT AS PART OF SALE
    * KINGSWAY FINANCIAL SERVICES INC - NET LOSS WAS $2.4
MILLION FOR
THREE MONTHS ENDED JUNE 30, 2022
    * KINGSWAY FINANCIAL SERVICES INC - NON-GAAP ADJUSTED INCOME
WAS
$2.1 MILLION FOR THREE MONTHS ENDED JUNE 30, 2022

Source text for Eikon:  ID:nCNWdLtfsa 
Further company coverage:  KFS.N 

 ((Reuters.Briefs@thomsonreuters.com;))