Kingsway reports first quarter 2021 results

Itasca, ill., may 12, 2021 /prnewswire/ - (nyse: kfs) kingsway financial services inc. ("kingsway" or the "company") today announced its operating results for the three months ended march 31, 2021, which includes the following highlights: net income was $0.9 million for the three months ended march 31, 2021, compared to a net loss of ($0.4) million for the same period in 2020; non-gaap adjusted income was $4.3 million for the three months ended march 31, 2021, compared to non-gaap adjusted loss of ($1.1) million for the same period in 2020; extended warranty operating income increased to $5.3 million for the three months ended march 31, 2021 compared to $0.9 million for the same period in 2020, while non-gaap adjusted ebitda increased to $5.4 million for the three months ended march 31, 2021, compared to $1.2 million for  the same period for 2019.
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