Kingsway Corp balance sheet

At the end of fiscal 2025, Kingsway Corp had total assets of $231m, total liabilities of $197m and shareholders' equity of $15.2m. It held $8.3m in cash against $70.7m of debt: net debt of $62.4m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kingsway Corp: balance sheet, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	85	81	98	71	52	36	5	15	13	14	10	64	9	5	8	7
Receivables	—	—	—	—	—	—	—	10	14	16	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—	—	1	2	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	77	79
Goodwill	1	8	11	10	10	71	81	75	82	121	49	45	50	57	69	65
Total assets	374	373	325	302	241	501	507	378	400	452	476	286	198	187	231	228
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4	4
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	47	43
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	84	91
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	12	23
Long-term debt	9	61	58	54	40	234	244	253	259	268	94	102	44	58	59	45
Total debt	9	61	58	54	40	234	244	284	259	301	124	125	46	60	71	67
Total liabilities	258	307	288	254	191	438	451	348	379	434	461	264	173	168	197	195
Shareholders' equity	123	65	35	37	42	56	41	12	1	−2	−6	16	28	8	15	13
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	11	8	—	15	18	20	21	20	6	—	10	19	20
Net debt (negative = net cash)	−77	−20	−40	−17	−12	197	239	270	245	286	114	61	37	54	62	60
Shares outstanding	13m	13m	16m	20m	20m	21m	22m	22m	22m	22m	23m	23m	27m	27m	29m	29m

US$ millions unless shown otherwise. Fiscal quarters.

Kingsway Corp: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Inventory	0	1	—	—	—	2	—	—
Total current assets	—	—	—	—	—	77	78	79
Goodwill	57	57	57	58	70	69	70	65
Total assets	191	187	192	208	235	231	232	228
Accounts payable	—	—	—	—	—	4	4	4
Deferred revenue (current)	—	—	—	—	—	47	43	43
Total current liabilities	—	—	—	—	—	84	85	91
Short-term debt	—	—	—	—	—	12	16	23
Long-term debt	58	58	59	58	71	59	55	45
Total debt	58	58	59	58	71	71	71	67
Total liabilities	171	168	171	172	199	197	200	195
Shareholders' equity	10	8	5	17	17	15	13	13
Non-controlling interests and other (assets − liabilities − equity)	10	10	16	18	19	19	19	20
Shares outstanding	27m	27m	27m	28m	29m	29m	29m	29m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Kingsway Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kingsway Corp.