Kingsway Financial Services Inc.

NYSE:KFS Stock Report

Market Cap: US$232.7m

Kingsway Financial Services Management

Management criteria checks 4/4

Kingsway Financial Services' CEO is JT Fitzgerald, appointed in Mar 2017, has a tenure of 7.75 years. total yearly compensation is $610.19K, comprised of 94.1% salary and 5.9% bonuses, including company stock and options. directly owns 5.75% of the company’s shares, worth $13.39M. The average tenure of the management team and the board of directors is 8.3 years and 6.6 years respectively.

Key information

JT Fitzgerald

Chief executive officer

US$610.2k

Total compensation

CEO salary percentage94.1%
CEO tenure7.8yrs
CEO ownership5.8%
Management average tenure8.3yrs
Board average tenure6.6yrs

Recent management updates

Recent updates

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
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

Sep 30 2018n/an/a

-US$344k

Jun 30 2018n/an/a

US$1m

Mar 31 2018n/an/a

-US$4m

Dec 31 2017US$370kUS$350k

-US$2m

Compensation vs Market: JT's total compensation ($USD610.19K) is below average for companies of similar size in the US market ($USD1.38M).

Compensation vs Earnings: JT's compensation has been consistent with company performance over the past year.

CEO

JT Fitzgerald (53 yo)

7.8yrs

Tenure

US$610,192

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
President7.8yrsUS$610.19k5.75%
$ 13.4m
Kent Hansen
Executive VP & CFO4.8yrsUS$467.06k0.49%
$ 1.1m
Adam Prior
Senior Vice Presidentno datano datano data
Leonia Rodrigues
President of Assigned Risk Solutions Ltd13.9yrsUS$451.61kno data
Douglas Raucy
CEO of Maison Insurance Company & President of Maison Insurance Company12.1yrsno datano data
Stephen Harrison
President of Mendota Insurance Company8.3yrsno datano data

8.3yrs

Average Tenure

56yo

Average Age

Experienced Management: KFS's management team is seasoned and experienced (8.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John Fitzgerald
President8.7yrsUS$610.19k5.75%
$ 13.4m
William Thorndike
Member of Advisory Board2.7yrsno datano data
Joseph Stilwell
Independent Director15.7yrsUS$80.00k0.59%
$ 1.4m
Charles Frischer
Independent Director2.6yrsUS$80.00k6.72%
$ 15.6m
Thomas Joyce
Member of Advisory Board2.7yrsno datano data
Terence Kavanagh
Independent Chairman of the Board15.7yrsUS$120.00k0.13%
$ 293.3k
Gregory Hannon
Independent Director15.3yrsUS$120.00k0.17%
$ 403.0k
Douglas Levine
Independent Director6.6yrsUS$80.00k5.21%
$ 12.1m
Corissa Porcelli
Independent Director4.3yrsUS$80.00kno data

6.6yrs

Average Tenure

62yo

Average Age

Experienced Board: KFS's board of directors are considered experienced (6.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 07:47
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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