This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Kingsway Reports Third Quarter Loss and Provides Update on Progress 2009-11-06 06:00 ET - News Release TORONTO, Nov. 6 /CNW/ - (TSX: KFS, NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its financial results for the third quarter and nine months ended September 30, 2009. It also provided shareholders with an update on the Company's progress in executing its business transformation plan. All amounts are in U.S. dollars unless indicated otherwise. The Company reported a third quarter net loss of $118.1 million or $2.19 per share diluted. This represents a loss of $128.8 million from run-off and discontinued businesses, including a loss of $95.5 million from Lincoln General Insurance Company ("Lincoln General"). Kingsway President and CEO Colin Simpson stated, "It's important to put these results in context since the losses we're reporting for the quarter have come from businesses that are not part of our ongoing operations. I believe we reached an important turning point this quarter and we are now beginning to see the evidence that our transformation plan was the right one." The remainder is available to Stockwatch subscribers.
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