Kingsway Financial Services Q2 Earnings Call Highlights

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Sat, August 8, 2026 astatine 11:04 AM CDT 6 min read

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Kingsway reported its strongest operating show nether CEO JT Fitzgerald: Second-quarter gross accrued 27.6% twelvemonth implicit twelvemonth to $39.4 million, nett income reached $200,000 versus a $3.2 cardinal loss, and adjusted EBITDA roseate to $5.2 cardinal from $1.7 million.
KSX drove maturation portion extended warranties improved connected a pro forma basis: KSX gross jumped 68.3% to $22.3 cardinal and adjusted EBITDA roseate 77.9% to a grounds $4.3 million. Extended-warranty adjusted EBITDA besides increased, excluding the sold Trinity business.
The institution is reshaping its portfolio and maintaining its acquisition strategy: Kingsway sold Trinity for $8 cardinal and acquired Michigan-based managed IT supplier RCC for $2.4 million. Net indebtedness declined to $59.9 million, portion absorption reaffirmed its 2026 targets of 3 to 5 acquisitions and double-digit integrated maturation successful KSX and extended warranties.

Kingsway Financial Services (NYSE:KWY), present operating arsenic Kingsway Corporation, reported second-quarter results that absorption described arsenic its strongest operating show since Chief Executive Officer JT Fitzgerald took the role. Consolidated gross roseate 27.6% twelvemonth implicit twelvemonth to $39.4 million, portion the institution recorded nett income of $200,000, compared with a $3.2 cardinal nett nonaccomplishment successful the prior-year quarter.

Consolidated adjusted EBITDA accrued to $5.2 cardinal from $1.7 cardinal a twelvemonth earlier. Fitzgerald said the company's portfolio EBITDA, a absorption metric combining KSX adjusted EBITDA with modified currency adjusted EBITDA from the extended-warranty segment, reached a quarterly grounds of $7.2 million.

KSX Segment Leads Revenue and EBITDA Growth

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Kingsway's Search Xcelerator, oregon KSX, conception generated gross of $22.3 million, up 68.3% from $13.3 cardinal successful the 2nd 4th of 2025. KSX adjusted EBITDA roseate 77.9% to a quarterly grounds of $4.3 cardinal from $2.4 cardinal a twelvemonth earlier.

Fitzgerald said show was broad-based crossed the KSX portfolio, highlighting Ravix and SPI for lawsuit wins and lawsuit retention. He said KSX adjusted EBITDA has much than tripled during the past 8 quarters.

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The extended-warranty conception reported gross of $17.1 million, down 3.1% from the prior-year period. On a pro forma ground excluding Trinity Warranty Solutions, which Kingsway sold successful May, extended-warranty gross roseate 6.5% to $16.1 cardinal and currency income accrued 6.9%.

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