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Kingsway Financial Services Inc KFS

Kingsway Financial Services Inc. is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Its segments include Extended Warranty and Kingsway Search Xcelerator. It serves the extended warranty industry through its subsidiaries, IWS Acquisition Corporation (IWS), Penn Warranty, Preferred Warranties and Trinity Warranty Solutions. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in approximately 24 states and the District of Columbia to their members, with customers in all 50 states. It serves the business services industry through its subsidiaries, CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service, SPI Software, Digital Diagnostics, Inc., and Image Solutions LLC. CSuite is a professional services firm that provides experienced chief financial officers and other finance professionals.


NYSE:KFS - Post by User

Post by zagorskon May 03, 2006 10:29pm
173 Views
Post# 10788749

RE: Question

RE: Question The main difference from last year was $1,000,000 in realized losses versus 15,000,000 in realized gains last year. On the plus side unrealized gains in the stock portfolio increased by 15,500,000 over the year end amount. Going forward the yield on the fixed income portfolio inreased from 3.6% to 3.9%. Increased interest rates will help KFS going forward on an earnings basis but will be offset somewhat by lower unrealized gains in the bond portfolio due to higher discount rates. Did anyone listen to the conference call? What was the feedback?
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