$KFS
KINGSWAY FINANCIAL SERVICES INC Stock $kfs

$kfs Overview Financials Valuation SEC Filings Company Website

2012 Form 10-K Financial Statement

#000107262713000013 Filed on March 22, 2013

Income Statement

Concept	2012	2011 Q4	2011
Revenue	$159.6M	$41.30M	$228.5M
YoY Change	-30.17%	-18.54%	38.6%
Cost Of Revenue	$0.00
YoY Change
Gross Profit	$159.6M
YoY Change
Gross Profit Margin	100.0%
Selling, General & Admin	$73.90M	$15.60M	$77.90M
YoY Change	-5.13%	-17.46%	-23.33%
% of Gross Profit	46.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.955M	$600.0K	$2.271M
YoY Change	30.12%	-91.43%	-73.28%
% of Gross Profit	1.85%
Operating Expenses	$200.1M	$50.50M	$255.8M
YoY Change	-21.76%	-49.09%	-28.3%
Operating Profit	-$24.59M
YoY Change
Interest Expense	$7.638M	-$1.100M	-$7.100M
YoY Change	-207.58%	120.0%	-52.03%
% of Operating Profit
Other Income/Expense, Net	-$8.809M
YoY Change
Pretax Income	-$50.26M	-$13.00M	-$26.25M
YoY Change	91.49%	-73.47%	-86.23%
Income Tax	$3.017M	-$2.500M	-$169.0K
% Of Pretax Income
Net Earnings	-$52.08M	-$7.000M	-$20.14M
YoY Change	158.63%	-84.78%	-87.82%
Net Earnings / Revenue	-32.64%	-16.95%	-8.81%
Basic Earnings Per Share	-$4.05		-$2.09
Diluted Earnings Per Share	-$4.05	-$534.4K	-$2.09
COMMON SHARES
Basic Shares Outstanding	13.15M shares		13.09M shares
Diluted Shares Outstanding	13.15M shares		13.09M shares

Balance Sheet

Concept	2012	2011 Q4	2011
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$80.80M	$85.49M	$85.50M
Short-Term Investments
Other Short-Term Assets		$2.000M	$2.000M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$19.90M	$29.40M	$29.40M
YoY Change	-32.31%	1.03%	1.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.700M	$13.04M	$13.00M
YoY Change	-79.23%	-6.86%	-7.14%
Goodwill		$510.0K
YoY Change
Intangibles		$39.12M
YoY Change
Long-Term Investments	$132.0M	$48.59M	$168.1M
YoY Change	-21.48%	-75.42%	-14.97%
Other Assets	$8.700M	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Long-Term Assets	$352.9M	$344.7M	$344.7M
YoY Change	2.38%	-29.87%	-29.87%
TOTAL ASSETS
Total Short-Term Assets	$19.90M	$29.40M	$29.40M
Total Long-Term Assets	$352.9M	$344.7M	$344.7M
Total Assets	$372.8M	$374.1M	$374.1M
YoY Change	-0.35%	-28.14%	-28.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$34.70M	$26.30M	$26.30M
YoY Change	31.94%	-15.71%	-15.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$37.60M	$26.30M	$26.30M
YoY Change	42.97%	-15.71%	-15.71%
LONG-TERM LIABILITIES
Long-Term Debt	$61.20M	$56.00M	$56.00M
YoY Change	9.29%	-38.26%	-38.26%
Other Long-Term Liabilities	$49.00M	$11.10M	$11.10M
YoY Change	341.44%	-0.89%	-0.89%
Total Long-Term Liabilities	$110.2M	$67.10M	$67.10M
YoY Change	64.23%	-34.15%	-34.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$37.60M	$26.30M	$26.30M
Total Long-Term Liabilities	$110.2M	$67.10M	$67.10M
Total Liabilities	$307.7M	$257.7M	$250.6M
YoY Change	22.79%	-31.41%	-33.3%
SHAREHOLDERS EQUITY
Retained Earnings		-$201.2M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$65.10M	$123.4M	$123.4M
YoY Change
Total Liabilities & Shareholders Equity	$372.8M	$374.1M	$374.1M
YoY Change	-0.35%	-28.14%	-28.14%

Cashflow Statement

Concept	2012	2011 Q4	2011
OPERATING ACTIVITIES
Net Income	-$52.08M	-$7.000M	-$20.14M
YoY Change	158.63%	-84.78%	-87.82%
Depreciation, Depletion And Amortization	$2.955M	$600.0K	$2.271M
YoY Change	30.12%	-91.43%	-73.28%
Cash From Operating Activities	-$46.70M	-$18.20M	-$76.10M
YoY Change	-38.63%	-112.13%	-42.95%
INVESTING ACTIVITIES
Capital Expenditures	$170.0K	-$500.0K	$1.344M
YoY Change	-87.35%	-104.42%	-189.6%
Acquisitions	-$14.86M		$0.00
YoY Change
Other Investing Activities	$46.10M	$21.70M	$30.30M
YoY Change	52.15%	-130.61%	-91.32%
Cash From Investing Activities	$46.00M	$21.20M	$29.00M
YoY Change	58.62%	-135.63%	-91.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$132.0K		$350.0K
YoY Change	-62.29%		-56.25%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$3.942M	0.000	-$7.939M
YoY Change	-50.35%	-100.0%	-93.56%
NET CHANGE
Cash From Operating Activities	-46.70M	-18.20M	-76.10M
Cash From Investing Activities	46.00M	21.20M	29.00M
Cash From Financing Activities	-$3.942M	0.000	-$7.939M
Net Change In Cash	-$3.942M	3.000M	-$7.939M
YoY Change	-50.35%	-90.62%	-108.72%
FREE CASH FLOW
Cash From Operating Activities	-$46.70M	-$18.20M	-$76.10M
Capital Expenditures	$170.0K	-$500.0K	$1.344M
Free Cash Flow	-$46.87M	-$17.70M	-$77.44M
YoY Change	-39.48%	-112.76%	-41.29%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2011Q4	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	12947000	USD
CY2012Q4	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	15173000	USD
CY2011Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	1999000	USD
CY2012Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2263000	USD
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	12749000	USD
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	14762000	USD
CY2012Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15757000	USD
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15403000	USD
CY2011	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	701000	USD
CY2012	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	559000	USD
CY2012Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1002000	USD
CY2011Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	806000	USD
CY2011	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	890000	USD
CY2012	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	3624000	USD
CY2011	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-55081000	USD
CY2012	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	959000	USD
CY2011	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	73000	USD
CY2012Q4	us-gaap	Assets Assets	372800000	USD
CY2011Q4	us-gaap	Assets Assets	374081000	USD
CY2011Q4	us-gaap	Assets Held For Sale At Carrying Value AssetsHeldForSaleAtCarryingValue	0	USD
CY2012Q4	us-gaap	Assets Held For Sale At Carrying Value AssetsHeldForSaleAtCarryingValue	8737000	USD
CY2012Q4	us-gaap	Available For Sale Equity Securities Amortized Cost Basis AvailableForSaleEquitySecuritiesAmortizedCostBasis	2305000	USD
CY2011Q4	us-gaap	Available For Sale Equity Securities Amortized Cost Basis AvailableForSaleEquitySecuritiesAmortizedCostBasis	2689000	USD
CY2011Q4	us-gaap	Available For Sale Securities Debt Maturities Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost	91344000	USD
CY2012Q4	us-gaap	Available For Sale Securities Debt Maturities Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost	77858000	USD
CY2011Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	93651000	USD
CY2012Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	79534000	USD
CY2011Q4	us-gaap	Available For Sale Securities Equity Securities AvailableForSaleSecuritiesEquitySecurities	2960000	USD
CY2012Q4	us-gaap	Available For Sale Securities Equity Securities AvailableForSaleSecuritiesEquitySecurities	3548000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	85486000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	80813000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	140567000	USD
CY2012	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4673000	USD
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13086471	shares
CY2012Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13148971	shares
CY2012Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	296621000	USD
CY2011Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	296489000	USD
CY2011	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-21796000	USD
CY2012	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-50318000	USD
CY2012	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1159000	USD
CY2011	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-6985000	USD
CY2011	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-28781000	USD
CY2012	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-51477000	USD
CY2012Q4	us-gaap	Reinsurance Recoverables ReinsuranceRecoverables	8557000	USD
CY2011	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3423000	USD
CY2012	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1085000	USD
CY2012Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	3054000	USD
CY2011Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	2653000	USD
CY2011Q4	us-gaap	Deferred Policy Acquisition Costs DeferredPolicyAcquisitionCosts	8116000	USD
CY2012Q4	us-gaap	Deferred Policy Acquisition Costs DeferredPolicyAcquisitionCosts	14102000	USD
CY2011Q4	us-gaap	Deferred Revenue DeferredRevenue	11128000	USD
CY2012Q4	us-gaap	Deferred Revenue DeferredRevenue	48987000	USD
CY2012	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2955000	USD
CY2011	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2271000	USD
CY2011	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	-1293000	USD
CY2012	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	0	USD
CY2011	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.09
CY2012	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-4.05
CY2012	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-4.05
CY2011	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.09
CY2011	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	3000	USD
CY2012	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	54000	USD
CY2011Q4	us-gaap	Equity Method Investments EquityMethodInvestments	48592000	USD
CY2012Q4	us-gaap	Equity Method Investments EquityMethodInvestments	41733000	USD
CY2012	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	-9234000	USD
CY2011	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	25876000	USD
CY2012Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19263000	USD
CY2011Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	18304000	USD
CY2012	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	500000	USD
CY2011	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	556000	USD
CY2012	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	73931000	USD
CY2011	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	77936000	USD
CY2011Q4	us-gaap	Goodwill Goodwill	510000	USD
CY2012Q4	us-gaap	Goodwill Goodwill	8421000	USD
CY2012	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2011	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	2830000	USD
CY2011	us-gaap	Impairment Of Investments ImpairmentOfInvestments	0	USD
CY2012	us-gaap	Impairment Of Investments ImpairmentOfInvestments	2703000	USD
CY2011	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-26247000	USD
CY2012	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-50261000	USD
CY2011	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-27220000	USD
CY2012	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-49743000	USD
CY2011	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-26078000	USD
CY2012	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-53278000	USD
CY2011	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.99
CY2012	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-4.05
CY2011	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.99
CY2012	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-4.05
CY2012	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0	USD
CY2011	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-1293000	USD
CY2012	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1018000	USD
CY2011	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	417000	USD
CY2011	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-169000	USD
CY2012	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3017000	USD
CY2011Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	8134000	USD
CY2012Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	0	USD
CY2011	us-gaap	Income Taxes Paid IncomeTaxesPaid	-13098000	USD
CY2012	us-gaap	Income Taxes Paid IncomeTaxesPaid	-7956000	USD
CY2012	us-gaap	Increase Decrease In Deferred Policy Acquisition Costs IncreaseDecreaseInDeferredPolicyAcquisitionCosts	903000	USD
CY2011	us-gaap	Increase Decrease In Deferred Policy Acquisition Costs IncreaseDecreaseInDeferredPolicyAcquisitionCosts	-5836000	USD
CY2012	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	2098000	USD
CY2011	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-72000	USD
CY2012	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-8134000	USD
CY2011	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-9857000	USD
CY2011	us-gaap	Increase Decrease In Loss And Loss Adjustment Expense Reserve IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve	54450000	USD
CY2012	us-gaap	Increase Decrease In Loss And Loss Adjustment Expense Reserve IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve	17359000	USD
CY2012	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-3454000	USD
CY2011	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	10017000	USD
CY2011	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-13704000	USD
CY2012	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	9092000	USD
CY2011	us-gaap	Increase Decrease In Reinsurance Payables IncreaseDecreaseInReinsurancePayables	912000	USD
CY2012	us-gaap	Increase Decrease In Reinsurance Payables IncreaseDecreaseInReinsurancePayables	3043000	USD
CY2011	us-gaap	Increase Decrease In Reinsurance Recoverable IncreaseDecreaseInReinsuranceRecoverable	-7955000	USD
CY2012	us-gaap	Increase Decrease In Reinsurance Recoverable IncreaseDecreaseInReinsuranceRecoverable	7860000	USD
CY2011	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-22259000	USD
CY2012	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	0	USD
CY2011	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	-27456000	USD
CY2012	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	5624000	USD
CY2012	us-gaap	Incurred Claims Property Casualty And Liability IncurredClaimsPropertyCasualtyAndLiability	100184000	USD
CY2011	us-gaap	Incurred Claims Property Casualty And Liability IncurredClaimsPropertyCasualtyAndLiability	143145000	USD
CY2011	us-gaap	Insurance Commissions InsuranceCommissions	24305000	USD
CY2012	us-gaap	Insurance Commissions InsuranceCommissions	15422000	USD
CY2011	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	31607000	USD
CY2012	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	35491000	USD
CY2012Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	50583000	USD
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	39121000	USD
CY2012	us-gaap	Interest Expense Debt InterestExpenseDebt	7638000	USD
CY2011	us-gaap	Interest Expense Debt InterestExpenseDebt	7478000	USD
CY2012	us-gaap	Interest Paid InterestPaid	4487000	USD
CY2011	us-gaap	Interest Paid InterestPaid	4525000	USD
CY2011Q4	us-gaap	Investments Investments	117530000	USD
CY2012Q4	us-gaap	Investments Investments	88000000	USD
CY2011Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure	97000	USD
CY2012Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure	2333000	USD
CY2012Q4	us-gaap	Liabilities Liabilities	307386000	USD
CY2011Q4	us-gaap	Liabilities Liabilities	257676000	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	374081000	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	372800000	USD
CY2012Q4	us-gaap	Liability For Claims And Claims Adjustment Expense Property Casualty Liability LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability	103116000	USD
CY2011Q4	us-gaap	Liability For Claims And Claims Adjustment Expense Property Casualty Liability LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability	120258000	USD
CY2011Q4	us-gaap	Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense	0	USD
CY2012Q4	us-gaap	Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense	3448000	USD
CY2011Q4	us-gaap	Liability For Unpaid Claims And Claims Adjustment Expense Net LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet	120258000	USD
CY2012Q4	us-gaap	Liability For Unpaid Claims And Claims Adjustment Expense Net LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet	106564000	USD
CY2011Q4	us-gaap	Long Term Debt LongTermDebt	8845000	USD
CY2012Q4	us-gaap	Long Term Debt LongTermDebt	13655000	USD
CY2012Q4	us-gaap	Minority Interest MinorityInterest	343000	USD
CY2011Q4	us-gaap	Minority Interest MinorityInterest	-7028000	USD
CY2012	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	0	USD
CY2011	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7939000	USD
CY2012	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-3942000	USD
CY2011	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	28972000	USD
CY2012	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	45965000	USD
CY2012	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-46696000	USD
CY2011	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-76114000	USD
CY2012	us-gaap	Net Income Loss NetIncomeLoss	-52083000	USD
CY2011	us-gaap	Net Income Loss NetIncomeLoss	-20138000	USD
CY2011	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-7233000	USD
CY2012	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1195000	USD
CY2012	us-gaap	Net Investment Income NetInvestmentIncome	3179000	USD
CY2011	us-gaap	Net Investment Income NetInvestmentIncome	4083000	USD
CY2011Q4	us-gaap	Notes Payable NotesPayable	2418000	USD
CY2012Q4	us-gaap	Notes Payable NotesPayable	0	USD
CY2011	us-gaap	Operating Expenses OperatingExpenses	255767000	USD
CY2012	us-gaap	Operating Expenses OperatingExpenses	200114000	USD
CY2012Q4	us-gaap	Other Assets OtherAssets	4045000	USD
CY2011Q4	us-gaap	Other Assets OtherAssets	831000	USD
CY2012	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	0	USD
CY2011	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-1267000	USD
CY2012	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	565000	USD
CY2011	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	460000	USD
CY2012	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1801000	USD
CY2011	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1410000	USD
CY2011	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax	614000	USD
CY2012	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax	997000	USD
CY2011	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0	USD
CY2012	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0	USD
CY2011	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	-1537000	USD
CY2012	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	895000	USD
CY2011	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	320000	USD
CY2012	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-656000	USD
CY2011	us-gaap	Other Income OtherIncome	9504000	USD
CY2012	us-gaap	Other Income OtherIncome	7617000	USD
CY2011Q4	us-gaap	Other Investments OtherInvestments	488000	USD
CY2012Q4	us-gaap	Other Investments OtherInvestments	2000000	USD
CY2011Q4	us-gaap	Other Liabilities OtherLiabilities	26269000	USD
CY2012Q4	us-gaap	Other Liabilities OtherLiabilities	34740000	USD
CY2012Q4	us-gaap	Other Receivables OtherReceivables	4750000	USD
CY2011Q4	us-gaap	Other Receivables OtherReceivables	6322000	USD
CY2011	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	127780000	USD
CY2012	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	49430000	USD
CY2012	us-gaap	Payments To Acquire Available For Sale Securities Equity PaymentsToAcquireAvailableForSaleSecuritiesEquity	0	USD
CY2011	us-gaap	Payments To Acquire Available For Sale Securities Equity PaymentsToAcquireAvailableForSaleSecuritiesEquity	1420000	USD
CY2011	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2012	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-14859000	USD
CY2012	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	250000	USD
CY2011	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	1976000	USD
CY2011	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	100000	USD
CY2011	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	10707000	USD
CY2012	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	2403000	USD
CY2011	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
CY2012	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	2000000	USD
CY2011	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1344000	USD
CY2012	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	170000	USD
CY2012	us-gaap	Premiums Earned Net Property And Casualty PremiumsEarnedNetPropertyAndCasualty	114937000	USD
CY2011	us-gaap	Premiums Earned Net Property And Casualty PremiumsEarnedNetPropertyAndCasualty	156382000	USD
CY2011Q4	us-gaap	Premiums Receivable Allowance For Doubtful Accounts PremiumsReceivableAllowanceForDoubtfulAccounts	3653000	USD
CY2012Q4	us-gaap	Premiums Receivable Allowance For Doubtful Accounts PremiumsReceivableAllowanceForDoubtfulAccounts	4040000	USD
CY2012Q4	us-gaap	Premiums Receivable At Carrying Value PremiumsReceivableAtCarryingValue	35598000	USD
CY2011Q4	us-gaap	Premiums Receivable At Carrying Value PremiumsReceivableAtCarryingValue	28732000	USD
CY2012Q4	us-gaap	Prepaid Reinsurance Premiums PrepaidReinsurancePremiums	7316000	USD
CY2011Q4	us-gaap	Prepaid Reinsurance Premiums PrepaidReinsurancePremiums	2024000	USD
CY2012	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	132000	USD
CY2011	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	350000	USD
CY2011	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	2418000	USD
CY2012	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	-2418000	USD
CY2012	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	4024000	USD
CY2011	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
CY2011	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	161042000	USD
CY2012	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	78876000	USD
CY2012	us-gaap	Proceeds From Sale Of Available For Sale Securities Equity ProceedsFromSaleOfAvailableForSaleSecuritiesEquity	2459000	USD
CY2011	us-gaap	Proceeds From Sale Of Available For Sale Securities Equity ProceedsFromSaleOfAvailableForSaleSecuritiesEquity	550000	USD
CY2012	us-gaap	Profit Loss ProfitLoss	-53278000	USD
CY2011	us-gaap	Profit Loss ProfitLoss	-27371000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2709000	USD
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13040000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	22887000	USD
CY2011Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	27736000	USD
CY2012	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	1084000	USD
CY2011	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	1095000	USD
CY2011Q4	us-gaap	Reinsurance Payable ReinsurancePayable	1913000	USD
CY2012Q4	us-gaap	Reinsurance Payable ReinsurancePayable	4956000	USD
CY2011Q4	us-gaap	Reinsurance Recoverables ReinsuranceRecoverables	697000	USD
CY2012	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	1656000	USD
CY2011	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2012	us-gaap	Restructuring Charges RestructuringCharges	1980000	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-201208000	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-262069000	USD
CY2012	us-gaap	Revenues Revenues	150371000	USD
CY2011	us-gaap	Revenues Revenues	228547000	USD
CY2011Q4	us-gaap	Senior Notes SeniorNotes	28337000	USD
CY2012	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2012Q2	dei	Entity Public Float EntityPublicFloat	23460000	USD
CY2012Q4	us-gaap	Senior Notes SeniorNotes	23730000	USD
CY2012	dei	Entity Registrant Name EntityRegistrantName	KINGSWAY FINANCIAL SERVICES INC.
CY2012	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2011	us-gaap	Share Based Compensation ShareBasedCompensation	-37000	USD
CY2012	dei	Entity Central Index Key EntityCentralIndexKey	0001072627
CY2013Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13148971	shares
CY2012	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2012	us-gaap	Share Based Compensation ShareBasedCompensation	354000	USD
CY2012Q4	us-gaap	Short Term Investments ShortTermInvestments	585000	USD
CY2011Q4	us-gaap	Short Term Investments ShortTermInvestments	20334000	USD
CY2011	us-gaap	Stock Granted During Period Value Sharebased Compensation Forfeited StockGrantedDuringPeriodValueSharebasedCompensationForfeited	-738000	USD
CY2012	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	132000	shares
CY2011	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	350000	USD
CY2012	us-gaap	Stock Issued During Period Value Share Based Compensation Forfeited StockIssuedDuringPeriodValueShareBasedCompensationForfeited	-205000	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	123433000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	65071000	USD
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	65414000	USD
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	116405000	USD
CY2010Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	144873000	USD
CY2012Q4	us-gaap	Subordinated Debt SubordinatedDebt	23774000	USD
CY2011Q4	us-gaap	Subordinated Debt SubordinatedDebt	16432000	USD
CY2012Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	2879000	USD
CY2011Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	0	USD
CY2012Q4	us-gaap	Unearned Premiums UnearnedPremiums	45047000	USD
CY2011Q4	us-gaap	Unearned Premiums UnearnedPremiums	39423000	USD
CY2011	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13086000	shares
CY2012	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13149000	shares
CY2011	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13086000	shares
CY2012	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13149000	shares
CY2012	dei	Amendment Flag AmendmentFlag	false
CY2012	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2012	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
CY2012	dei	Document Period End Date DocumentPeriodEndDate	2012-12-31
CY2012	dei	Document Type DocumentType	10-K
CY2012	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No

Files In Submission

Name	View Source	Status
0001072627-13-000013-index-headers.html	Edgar Link	pending
0001072627-13-000013-index.html	Edgar Link	pending
0001072627-13-000013.txt	Edgar Link	pending
0001072627-13-000013-xbrl.zip	Edgar Link	pending
a10-k2012.htm	Edgar Link	pending
certification3112012k.htm	Edgar Link	pending
certification3122012k.htm	Edgar Link	pending
certification3212012k.htm	Edgar Link	pending
certification3222012k.htm	Edgar Link	pending
exhibit212012.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
kfs-20121231.xml	Edgar Link	completed
kfs-20121231.xsd	Edgar Link	pending
kfs-20121231_cal.xml	Edgar Link	unprocessable
kfs-20121231_def.xml	Edgar Link	unprocessable
kfs-20121231_lab.xml	Edgar Link	unprocessable
kfs-20121231_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R32.htm	Edgar Link	pending
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R38.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$KFS
KINGSWAY FINANCIAL SERVICES INC Stock $kfs

2012 Form 10-K Financial Statement

#000107262713000013 Filed on March 22, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KFS KINGSWAY FINANCIAL SERVICES INC Stock $kfs

2012 Form 10-K Financial Statement

#000107262713000013 Filed on March 22, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KFS
KINGSWAY FINANCIAL SERVICES INC Stock $kfs