Kingsway Financial Services sells non-standard auto insurance biz [Advisor.ca (Canada)]
Kingsway Financial Services, Inc. (DE) (KFS)
US:NYSE Investor Relations:
kingsway-financial.com/investor-relations
Company Research
Source: Advisor.ca
Kingsway Financial Services Inc. has entered into a definitive agreement with Premier Holdings, LLC, to sell its non-standard automobile insurance companies. Under the agreement, the firm will sell Mendota Insurance Company, Mendakota Insurance Company and Mendakota Casualty Company for an aggregate purchase price equal to Mendota’s statutory surplus at June 30, 2018. In a release, the firm says it will redeploy sale proceeds to acquire limited liability investments and other investments owned by Mendota at the time of closing. The firm also says it will record an estimated loss on the transaction during the second quarter of 2018, primarily driven by the write-down of a $7.6-million indefinite lived intangible asset related to Mendota. The transaction is expected to close during the third quarter of 2018 subject to regulatory approvals. Also read: Why clients should play it straight with the collateral insurance deduction Advice for an active senior facing lon
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News
- Kingsway Announces Fireside Chat With Will Thorndike at Its Investor Day at the New York Stock Exchange on Monday, May 20, 2024 [Yahoo! Finance]Yahoo! Finance
- Kingsway Announces Fireside Chat With Will Thorndike at Its Investor Day at the New York Stock Exchange on Monday, May 20, 2024Accesswire
- Favourable Signals For Kingsway Financial Services: Numerous Insiders Acquired Stock [Yahoo! Finance]Yahoo! Finance
- Kingsway to Host Investor Day at the New York Stock Exchange on Monday, May 20, 2024 [Yahoo! Finance]Yahoo! Finance
- Kingsway to Host Investor Day at the New York Stock Exchange on Monday, May 20, 2024Accesswire
KFS
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/10/24 - Form ARS
- KFS's page on the SEC website