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KINGSWAY Corp (KWY) Annual Reports

Q: Where can I read KINGSWAY Corp (KWY) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

KINGSWAY Corp is listed on NYSE, classified by the SEC under Fire, Marine & Casualty Insurance (SIC 6331). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 1072627 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$39.4M	$30.9M	+27.6%
Operating income	$-109,000	$-1.1M	+90.3%
Net income	$157,000	$-3.2M	+105.0%
EPS (diluted)	$-0.03	$-0.13	+76.9%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 39.4 mn Net income 0.16 mn

Show table：Income statement

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	55.0	64.1	68.2	41.3	36.6	39.7	34.8	39.2	33.6	—	43.9	45.5	—	49.3	49.2	50.6	45.5	42.7	43.7	39.1	38.6	38.2	36.9	—	41.1	—	45.8	52.8	46.7	44.9	52.0	—	49.5	9.65	8.86	9.87	23.7	—	9.82	11.8	12.9	9.90	11.2	10.4	12.0	—	2.50	18.6	18.8	17.6	23.4	22.5	23.6	22.4	24.8	26.4	26.2	24.8	25.9	26.2	26.4	27.1	29.6	28.4	30.9	37.2	38.6	39.0	39.4
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	12.2	13.0	—	—	17.3	17.1
Operating income	—	—	—	—	-1.49	-2.85	-16.3	-4.02	-3.18	—	-5.41	-5.77	—	-0.96	2.17	1.48	0.76	1.69	0.14	-0.58	-0.4	-0.93	-0.39	—	-0.6	—	1.15	-7.23	0.76	1.14	-1.07	—	-14.4	2.15	2.28	0.86	1.12	—	-0.9	-0.83	0.45	-0.13	-1.62	0.03	-0.53	—	-2.70	0.93	0.78	-0.11	1.75	0.8	2.38	-3.40	-3.34	0.51	0.39	-0.21	-0.12	0.77	0.13	-0.67	1.79	-0.71	-1.13	-0.86	0.31	0.49	-0.11
Net income	-17.8	-2.56	7.25	-7.03	-11.0	-6.02	-18.9	-13.7	-17.4	—	-10.3	1.88	—	-11.0	-1.71	-5.00	-6.96	0.85	2.13	1.82	-0.89	-2.10	-1.54	—	-0.6	—	1.43	1.31	-1.71	-7.86	-1.55	—	-0.44	-2.29	-8.64	-4.32	-15.5	—	3.19	-0.4	-4.01	0.6	-0.39	-1.42	-1.12	—	0.7	0.9	-0.26	-0.23	1.44	-2.50	-2.37	37.3	-17.3	27.8	-1.67	-0.67	-25.5	-2.33	-2.19	-2.31	6.82	-3.09	-3.16	-2.41	8.66	-2.27	0.16

Balance sheet

Quarterly · In mn (USD)

Total assets 228 mn Total liabilities 195 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	76.5	78.1	79.2
Total assets	—	—	—	374	368	350	342	373	370	1.62	353	345	49.5	325	301	297	306	302	311	275	269	241	242	0.76	241	200	439	501	498	489	479	13.0	485	493	483	472	378	22.2	405	404	402	400	395	395	394	66.7	452	440	447	447	476	475	470	506	286	201	195	198	198	198	192	191	187	192	208	235	232	232	228
Current liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	83.6	85.0	90.7
Total liabilities	—	—	—	258	262	253	264	307	323	0.57	312	296	44.5	288	256	259	260	254	259	220	217	191	193	0.01	192	198	390	438	437	436	430	3.17	435	446	444	439	348	13.8	372	373	376	379	363	365	368	42.3	434	421	433	433	461	463	455	457	264	175	173	170	173	177	175	171	168	171	172	199	197	200	195
Equity	—	—	—	123	114	107	77.6	65.1	47.3	—	39.5	48.0	—	35.5	42.2	36.7	42.6	37.5	39.9	46.8	43.9	42.0	40.4	—	41.1	—	41.8	56.0	53.8	45.6	42.9	—	38.7	35.9	28.0	21.3	12.5	—	14.6	13.2	8.00	0.87	12.5	9.95	5.71	—	-2.00	-2.38	-6.58	-6.78	-5.72	-8.33	-5.41	28.5	15.7	27.7	25.3	31.6	27.7	23.6	20.7	9.94	8.41	5.45	17.4	16.6	15.2	13.2	12.8

Cash flow

Quarterly · In mn (USD)

Operating 1.20 mn Investing 4.31 mn Financing -5.52 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-14.9	-20.6	-22.4	-18.2	-16.8	-14.1	-9.75	-6.01	-11.3	—	-14.3	-13.1	—	-3.14	-8.94	-7.33	1.86	-0.21	0.19	-7.77	-2.95	-22.3	-4.09	—	-1.22	—	-5.81	-4.46	-7.86	0.01	-5.68	—	-5.45	-1.59	-4.79	-10.1	6.38	—	-2.93	0.47	2.46	-0.77	0.61	-1.63	1.42	—	1.26	-1.87	-9.64	3.46	2.14	3.84	2.40	3.10	-23.9	-6.66	-1.64	-0.83	-17.1	0.25	0.56	0.37	-0.11	-1.80	0.34	1.47	-0.01	-0.01	1.20
Investing	-29.0	33.4	3.35	21.2	3.84	4.59	11.6	25.9	21.9	—	-5.14	15.7	—	27.7	-9.61	2.83	3.15	-13.1	-7.85	43.3	-7.43	-1.82	-6.62	—	0.25	—	-2.76	0.37	5.59	0.82	3.21	—	14.9	6.10	1.17	9.64	3.15	—	-5.91	-0.79	5.09	-4.86	7.33	-4.20	3.41	—	-2.53	13.5	-1.63	-9.20	-11.3	-0.19	-2.00	35.8	67.4	6.25	8.88	1.57	-10.2	-0.17	1.10	-17.3	-0.44	-3.18	-10.5	-16.2	0.28	-0.99	4.31
Financing	2.60	-10.4	-0.15	0	0.13	0	-4.07	0	-0.58	—	0	12.1	—	-12.0	-7.95	-0.06	14.8	0.04	0	-12.9	0	0	0	—	-0.12	—	-0.61	9.86	-0.62	-0.64	-0.69	—	4.18	-0.95	-0.98	-1.02	-1.14	—	7.79	-2.00	-1.93	-2.55	-1.68	1.71	-1.19	—	14.8	-11.5	10.9	-2.62	2.74	-3.82	-3.95	-3.24	-26.9	-57.1	-3.17	4.79	15.6	2.35	-3.64	14.2	-1.46	5.80	15.7	12.1	-0.83	-0.22	-5.52
Cash at period end	—	—	82.5	85.5	72.7	63.1	60.9	80.8	90.8	—	71.3	86.0	19.8	98.6	72.1	67.5	87.3	74.0	63.6	86.2	75.8	51.7	41.0	0.01	39.9	1.01	30.7	36.5	33.7	33.8	30.6	—	44.3	47.2	24.7	23.6	14.6	0.76	13.3	10.9	13.1	13.5	14.0	13.3	20.5	0.09	14.4	15.5	17.1	18.1	12.6	13.1	11.7	48.6	64.2	8.29	14.2	20.2	9.10	12.1	9.59	6.51	5.49	6.37	12.1	9.29	8.31	7.27	7.37

Profitability

Quarterly · %

Gross margin 43.4% Operating margin -0.3% Net margin 0.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	42.9%	42.1%	—	—	44.5%	43.4%
Operating margin	—	—	—	—	-4.1%	-7.2%	-46.9%	-10.3%	-9.5%	—	-12.3%	-12.7%	—	-1.9%	4.4%	2.9%	1.7%	4.0%	0.3%	-1.5%	-1.0%	-2.4%	-1.1%	—	-1.5%	—	2.5%	-13.7%	1.6%	2.5%	-2.1%	—	-29.0%	22.3%	25.7%	8.7%	4.7%	—	-9.2%	-7.0%	3.5%	-1.3%	-14.5%	0.2%	-4.4%	—	-108.1%	5.0%	4.2%	-0.7%	7.5%	3.6%	10.1%	-15.2%	-13.5%	1.9%	1.5%	-0.8%	-0.5%	2.9%	0.5%	-2.5%	6.0%	-2.5%	-3.6%	-2.3%	0.8%	1.2%	-0.3%
Net margin	-32.4%	-4.0%	10.6%	-17.0%	-30.0%	-15.1%	-54.2%	-35.0%	-51.8%	—	-23.4%	4.1%	—	-22.4%	-3.5%	-9.9%	-15.3%	2.0%	4.9%	4.6%	-2.3%	-5.5%	-4.2%	—	-1.4%	—	3.1%	2.5%	-3.7%	-17.5%	-3.0%	—	-0.9%	-23.7%	-97.6%	-43.8%	-65.3%	—	32.5%	-3.4%	-31.0%	6.1%	-3.5%	-13.6%	-9.4%	—	28.0%	4.8%	-1.4%	-1.3%	6.2%	-11.2%	-10.0%	166.4%	-69.8%	105.5%	-6.4%	-2.7%	-98.5%	-8.9%	-8.3%	-8.5%	23.0%	-10.9%	-10.2%	-6.5%	22.5%	-5.8%	0.4%

Returns & leverage

Quarterly · %

ROE 27.3% ROA 1.9% Debt ratio 85.8%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	-16.3%	-11.7%	-15.7%	-55.3%	-52.6%	-69.3%	—	—	—	—	—	—	—	-57.9%	-35.1%	-21.9%	-5.2%	9.0%	2.4%	-6.8%	—	—	—	—	—	—	-15.0%	-23.2%	—	—	—	—	-73.6%	-120.1%	—	—	—	—	-70.1%	-31.0%	-45.0%	-34.1%	—	—	—	—	—	—	—	—	311.0%	302.9%	469.3%	463.8%	27.1%	0.1%	-117.6%	-133.4%	-155.6%	-0.1%	-5.3%	-9.2%	-13.9%	-0.1%	8.8%	27.3%
ROA	—	—	—	-5.4%	-3.6%	-4.8%	-12.6%	-13.3%	-15.2%	—	—	—	—	—	—	—	-13.9%	-4.1%	-2.9%	-0.8%	1.4%	0.3%	-1.0%	—	—	—	—	—	—	-2.0%	-2.1%	—	—	—	—	-6.5%	-7.1%	—	—	—	—	-0.3%	-1.1%	-1.3%	-0.6%	—	—	—	—	0.4%	0.4%	-0.3%	-0.8%	7.1%	4.0%	13.4%	13.9%	2.3%	0.0%	-15.1%	-15.8%	-16.6%	0.0%	-0.4%	-0.9%	-0.9%	0.0%	0.4%	1.9%
Debt ratio	—	—	—	68.9%	71.2%	72.4%	77.4%	82.5%	87.1%	35.2%	88.4%	85.8%	90.0%	88.6%	85.3%	87.2%	84.9%	84.0%	83.4%	80.0%	80.7%	79.2%	79.9%	1.9%	79.8%	99.3%	88.8%	87.4%	87.7%	89.1%	89.7%	24.3%	89.8%	90.5%	91.9%	93.2%	92.0%	62.3%	91.9%	92.2%	93.4%	94.8%	91.9%	92.4%	93.4%	63.5%	95.9%	95.8%	96.7%	96.9%	96.9%	97.5%	96.8%	90.3%	92.3%	87.2%	88.8%	85.8%	87.5%	89.6%	91.0%	89.7%	90.2%	88.8%	82.9%	84.8%	85.1%	86.0%	85.8%

EPS

Quarterly · US$

EPS US$-0.03

Show table：EPS

Item	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q2	2013Q3	2013Q4	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q1	2016Q2	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	-0.36	0.48	-0.81	-0.96	-0.59	-1.52	-0.98	-1.32	—	-0.74	0.12	—	-0.65	-0.10	-0.30	-0.41	0.07	0.10	0.09	-0.05	-0.12	-0.08	—	-0.03	—	0.06	0.05	-0.08	-0.37	-0.07	—	-0.20	-0.11	-0.40	-0.20	-0.71	—	0.13	-0.04	-0.20	-0.20	-0.07	-0.08	-0.07	—	-0.14	0.02	-0.03	-0.05	0.03	-0.12	-0.12	1.49	-0.34	1.05	-0.06	-0.04	-0.08	-0.09	-0.08	-0.10	-0.07	-0.13	-0.13	-0.10	-0.07	-0.10	-0.03

Revenue & profit

Year-to-date · In mn (USD)

Revenue 78.4 mn Net income -2.11 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 228 mn Total liabilities 195 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 1.20 mn Investing 3.32 mn Financing -5.74 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 44.0% Operating margin 0.5% Net margin -2.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 27.3% ROA 1.9% Debt ratio 85.8%

EPS

Year-to-date · US$

EPS US$-0.13

Revenue & profit

Annual · In mn (USD)

Revenue 135 mn Net income -0.01 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	229	150	—	188	160	—	—	52.1	—	—	78.4	93.3	103	109	135
Operating income	—	-24.7	—	6.10	-1.77	—	—	6.41	—	—	3.34	-3.57	0.58	2.01	-2.40
Net income	-20.1	-49.6	—	-12.8	0.95	—	—	-30.7	—	—	1.86	15.1	0.02	-0.01	-0.01

Balance sheet

Annual · In mn (USD)

Total assets 232 mn Total liabilities 197 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	76.5
Total assets	374	373	49.5	302	241	501	485	378	400	66.7	476	286	198	187	232
Current liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	83.6
Total liabilities	258	307	44.5	254	191	438	435	348	379	42.3	461	264	173	168	197
Equity	123	65.1	—	37.5	42.0	56.0	38.7	12.5	0.87	—	-5.72	15.7	27.7	8.41	15.2

Cash flow

Annual · In mn (USD)

Operating 0 mn Investing -29.6 mn Financing 32.8 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	-76.1	-46.7	—	-14.6	-32.8	—	—	-10.1	—	—	-5.91	-14.6	-26.2	1.07	0
Investing	29.0	46.0	—	-16.7	26.2	—	—	20.1	—	—	-8.60	101	6.46	-16.9	-29.6
Financing	-7.94	-3.94	—	6.78	-12.9	—	—	-4.09	—	—	-0.54	-37.9	-40.0	11.4	32.8
Cash at period end	85.5	80.8	19.8	74.0	51.7	36.5	44.3	14.6	13.5	0.09	12.6	64.2	9.10	5.49	8.31

Profitability

Annual · %

Operating margin -1.8% Net margin -0.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating margin	—	-16.4%	—	3.2%	-1.1%	—	—	12.3%	—	—	4.3%	-3.8%	0.6%	1.8%	-1.8%
Net margin	-8.8%	-33.0%	—	-6.8%	0.6%	—	—	-59.0%	—	—	2.4%	16.1%	0.0%	-0.0%	-0.0%

Returns & leverage

Annual · %

ROE -0.1% ROA 0.0% Debt ratio 85.1%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	-16.3%	-52.6%	—	-34.2%	2.4%	—	—	-120.1%	—	—	—	302.9%	0.1%	-0.1%	-0.1%
ROA	-5.4%	-13.3%	—	-7.3%	0.3%	—	—	-7.1%	—	—	0.7%	4.0%	0.0%	0.0%	0.0%
Debt ratio	68.9%	82.5%	90.0%	84.0%	79.2%	87.4%	89.8%	92.0%	94.8%	63.5%	96.9%	92.3%	87.5%	90.2%	85.1%

EPS

Annual · US$

EPS US$-0.43

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	—	-4.05	—	-0.74	0.02	—	—	-1.42	—	—	-0.03	0.91	0.87	-0.34	-0.43

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read KINGSWAY Corp (KWY) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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