KINGSWAY Corp · Property and casualty insurance

KWY

Moderate riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A company still losing money with growing sales. Insiders are buying.

Going well

Sales up 28% in the latest quarter vs a year ago
Sales up 23% last year

Watch out for

Losing money
High debt: 3.89x equity
Bills due within a year exceed short-term assets

Money moves

A top executive bought $42K of shares with their own money in the last 30 days
Institutions cut 1.2% from their holdings in the quarter ending June 2026 (40 bought, 29 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$9.85-1.1% that day

Latest insider buy: A CEO bought at $9.74 on Oct 15. The stock is now $9.85, +1.1% since.

Company value: $285M; Share price times all shares
Price vs sales: 1.8x; No profit over the last year, so this compares value with sales instead
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 21%; Debt as a share of company value

From KWY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$39.4M+28% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $154.1M, up 33% from the 12 months before. Over 5 years, sales grew about 17% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of KWY. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +33% a yearProfit margin3%Last 12 months: 2.7%P/E at the end15xMany steady companies trade at 12x to 25xShare count change+3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$572M

Profit in 5 years$17M

Price these guesses point to$7.68-22% vs $9.85 todayAbout -4.9% a year, before dividends

What today's price needs: with a 3% margin and a 15x P/E, sales would have to grow about 37% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-0.1%
MissDebt under half of equityNot relying on borrowed money.3.89x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
MissProfitable every yearSteady profits, not one good year.4 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3K
MissShare count not growingNot diluting owners. Falling means buybacks.+10.1% in 3 years

Revenue: $135.0M; +23.4% vs prior year
5-year growth: +17.2%/yr; revenue, per year
Total debt: $59.0M; 3.89x equity
Free cash flow: -$3K; 0.0% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $39.4M; +27.6% YoY
EPS: -$0.03; vs -$0.13
Op. margin: -0.3%; +3.3 pts
Gross margin: 43.4%; +1.3 pts
Free cash flow: $754K
Share count: +5.2%; vs a year ago

Insider rating

Last 90 days

78Buying

3 insiders bought $42K
Top executive buying (CFO & EVP)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-1.2%

Institutions cut 1.2% from their holdings. 40 bought, 29 sold. 3 quarters of net selling in a row.

Shares held by institutions12.1M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+2.3%

Cash runwayAt last year's cash burn

29464 months

Debt to equityLatest balance sheet: debt compared with what owners have

3.5x · $44.5M debt

Shares outstandingLatest reported

29M

Why moderate risk

Losing money
High debt: 3.47x equity
Bills due within a year exceed short-term assets

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedMar 12
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$42K3 insiders

Sold$00 insiders

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Kent A HansenCFO & EVP	Buy	160	$9.74	$2K	137K	Oct 16Filing ↗
+0.1% of their holdings Filed same day
John Taylor Maloney FitzgeraldPresident and CEO	Buy	357	$9.74	$3K	1M	Oct 15Filing ↗
+0% of their holdings Also Director Filed 1 day after
Joshua HorowitzDirector	Buy	4K	$9.26	$33K	385K	Sep 30Filing ↗
+0.9% of their holdings $9.23 to $9.28 across 2 trades Traded Sep 28 to Sep 30 Held via Palm Global Small Cap Master Fund LP Filed same day
John Taylor Maloney FitzgeraldPresident and CEO	Buy	269	$9.30	$3K	1M	Sep 30Filing ↗
+0% of their holdings Also Director Filed same day
Kent A HansenCFO & EVP	Buy	169	$9.30	$2K	137K	Sep 30Filing ↗
+0.1% of their holdings Filed same day