Kingsway Financial Services Inc.

NYSE:KFS Stock Report

Market Cap: US$411.2m

Kingsway Financial Services Management

Management criteria checks 3/4

Kingsway Financial Services' CEO is JT Fitzgerald, appointed in Mar 2017, has a tenure of 8.67 years. total yearly compensation is $637.25K, comprised of 94.2% salary and 5.8% bonuses, including company stock and options. directly owns 5.51% of the company’s shares, worth $22.66M. The average tenure of the management team and the board of directors is 9.3 years and 6.3 years respectively.

Key information

JT Fitzgerald

Chief executive officer

US$637.3k

Total compensation

CEO salary percentage94.15%
CEO tenure8.7yrs
CEO ownership5.5%
Management average tenure9.3yrs
Board average tenure6.3yrs

Recent management updates

Shareholders Will Likely Find Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Compensation Acceptable

May 12
Shareholders Will Likely Find Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Compensation Acceptable

Recent updates

Shareholders Will Likely Find Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Compensation Acceptable

May 12
Shareholders Will Likely Find Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Compensation Acceptable

Kingsway: Weak Q4 2023 Results And The Valuation Looks Stretched (Rating Downgrade)

Mar 12

The Market Doesn't Like What It Sees From Kingsway Financial Services Inc.'s (NYSE:KFS) Earnings Yet

Dec 14
The Market Doesn't Like What It Sees From Kingsway Financial Services Inc.'s (NYSE:KFS) Earnings Yet

Kingsway: Run-Rate Adjusted EBITDA Of $20 Million As Acquisitions Resume (Rating Upgrade)

Oct 26

Kingsway Financial: An Undervalued Compounder With An 'Outsiders' CEO

Jan 30

Kingsway Financial Services sells Texas railyard

Dec 29

Kingsway Financial Services EPS of $1.49, revenue of $26.03M

Nov 10

Kingsway Financial Services acquires CSuite Financial for $8.5M

Nov 01

Kingsway Financial Services reports Q2 results

Aug 04

It's Unlikely That Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Will See A Huge Pay Rise This Year

May 22
It's Unlikely That Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Will See A Huge Pay Rise This Year

What Is The Ownership Structure Like For Kingsway Financial Services Inc. (NYSE:KFS)?

Jan 31
What Is The Ownership Structure Like For Kingsway Financial Services Inc. (NYSE:KFS)?

Have Insiders Been Buying Kingsway Financial Services Inc. (NYSE:KFS) Shares?

Dec 07
Have Insiders Been Buying Kingsway Financial Services Inc. (NYSE:KFS) Shares?

CEO Compensation Analysis

How has JT Fitzgerald's remuneration changed compared to Kingsway Financial Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-US$12m

Mar 31 2025n/an/a

-US$10m

Dec 31 2024US$637kUS$600k

-US$9m

Sep 30 2024n/an/a

-US$7m

Jun 30 2024n/an/a

-US$6m

Mar 31 2024n/an/a

-US$5m

Dec 31 2023US$610kUS$574k

US$25m

Sep 30 2023n/an/a

US$32m

Jun 30 2023n/an/a

US$73m

Mar 31 2023n/an/a

US$71m

Dec 31 2022US$1mUS$500k

US$39m

Sep 30 2022n/an/a

US$28m

Jun 30 2022n/an/a

-US$13m

Mar 31 2022n/an/a

-US$10m

Dec 31 2021US$6mUS$500k

-US$5m

Sep 30 2021n/an/a

-US$5m

Jun 30 2021n/an/a

-US$5m

Mar 31 2021n/an/a

-US$6m

Dec 31 2020US$872kUS$500k

-US$8m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$10m

Mar 31 2020n/an/a

-US$10m

Dec 31 2019US$774kUS$500k

-US$5m

Sep 30 2019n/an/a

-US$16m

Jun 30 2019n/an/a

-US$15m

Mar 31 2019n/an/a

-US$19m

Dec 31 2018US$711kUS$433k

-US$25m

Compensation vs Market: JT's total compensation ($USD637.25K) is below average for companies of similar size in the US market ($USD2.34M).

Compensation vs Earnings: JT's compensation has increased whilst the company is unprofitable.


CEO

JT Fitzgerald (54 yo)

8.7yrs
Tenure
US$637,250
Compensation

Mr. John Taylor-Maloney Fitzgerald, also known as JT, has been the Chief Executive Officer of Kingsway Financial Services Inc. since September 5, 2018. He served as a Director at Itasca Capital Ltd. since...


Leadership Team

NamePositionTenureCompensationOwnership
John Fitzgerald
President8.7yrsUS$637.25k5.51%
$ 22.7m
Kent Hansen
Executive VP & CFO5.8yrsUS$762.16k0.47%
$ 1.9m
Leonia Rodrigues
President of Assigned Risk Solutions Ltd14.8yrsUS$451.61kno data
Douglas Raucy
CEO of Maison Insurance Company & President of Maison Insurance Company13yrsno datano data
Stephen Harrison
President of Mendota Insurance Company9.3yrsno datano data
9.3yrs
Average Tenure
57yo
Average Age

Experienced Management: KFS's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Fitzgerald
President9.6yrsUS$637.25k5.51%
$ 22.7m
Joshua Horowitz
Independent Directorless than a yearno data0.035%
$ 142.4k
Joseph Stilwell
Independent Director16.6yrsUS$80.00k0.56%
$ 2.3m
Thomas Joyce
Member of Advisory Board3.6yrsno datano data
Terence Kavanagh
Independent Chairman of the Board16.6yrsUS$120.00k0.12%
$ 494.8k
Gregory Hannon
Independent Director16.2yrsUS$120.00k0.18%
$ 736.9k
Adam Patinkin
Independent Directorless than a yearno datano data
Douglas Levine
Independent Director7.5yrsUS$80.00k4.98%
$ 20.5m
Corissa Porcelli
Independent Director5.2yrsUS$80.00kno data
William Thorndike
Member of Advisory Board3.6yrsno datano data
6.3yrs
Average Tenure
62yo
Average Age

Experienced Board: KFS's board of directors are considered experienced (6.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 04:32
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kingsway Financial Services Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dean EvansKeefe, Bruyette, & Woods
Mark DwelleRBC Capital Markets
Tom MacKinnonScotiabank Global Banking and Market