Kingsway reports 2010 Q2 loss, but first-half profit in 2010

By Canadian Underwriter, | August 13, 2010 | Last updated on October 30, 2024
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Kingsway Financial Services Inc. reported a 2010 Q2 loss of $18.5 million, and a $5.6-million profit in the first half of 2010.These figures represent an improvement over this same point last year, when Kingsway reported a $38.4-million loss in 2009 Q2 and a first-half 2009 loss of $96.6 million.As a result of the disposal of its Canadian Jevco operations, the company realized an after-tax loss of $2.2 million in 2010 Q2 (and a gain of $30.4 million in the first six months of 2010).

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