KINGSWAY FINANCIAL SERVICES INC. (TSE:KFS) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
its results for the fourth quarter and year ended December 31,
2016. In the press release, the Company failed to include in its
net income attributable to shareholders $9.9 million of income
tax benefit as a result of the acquisition of CMC Industries,
Inc. On March 13, 2017, the Company issued a corrected version of
the press release that included such information (the Corrected
Press Release). A copy of the Corrected Press Release is
furnished as Exhibit 99.1 to this Amendment No. 1 on Form 8-K/A.
Exhibit 99.1 attached hereto is being furnished to, and shall not
be deemed filed with, the U.S. Securities and Exchange Commission
or incorporated by reference into the Companys filings under the
Securities Act of 1933, as amended, or the Securities Exchange
Act of 1934, as amended.
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
Exhibit No.
|
Exhibit Description
|
|
99.1
|
Press Release titled Correcting and Replacing –
Kingsway Announces Fourth Quarter and Year-End 2016 Results |
About KINGSWAY FINANCIAL SERVICES INC. (TSE:KFS)
Kingsway Financial Services Inc. is a holding company. The Company operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business. The Company operates through Insurance Underwriting segment. Its Insurance Underwriting segment provides non-standard automobile insurance to individuals who do not meet the criteria for coverage by standard automobile insurers. The Insurance Underwriting segment markets automobile insurance products that provide coverage in three areas: liability, accident benefits and physical damage. The Insurance Underwriting’s products and services are marketed through over 3,700 independent agencies. The Company’s property and casualty insurance business operations are conducted through its subsidiaries, such as Mendota Insurance Company (Mendota), Mendakota Insurance Company (Mendakota), Mendakota Casualty Company (MCC), Kingsway Amigo Insurance Company (Amigo) and Kingsway Reinsurance Corporation. KINGSWAY FINANCIAL SERVICES INC. (TSE:KFS) Recent Trading Information
KINGSWAY FINANCIAL SERVICES INC. (TSE:KFS) closed its last trading session 00.00 at 7.80 with 8,300 shares trading hands.
