0000000000-18-034302.txt : 20181206 0000000000-18-034302.hdr.sgml : 20181206 20181102120746 ACCESSION NUMBER: 0000000000-18-034302 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20181102 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: KINGSWAY FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0001072627 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 999999999 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 45 ST. CLAIR WEST STREET 2: SUITE 400 CITY: TORONTO STATE: A6 ZIP: M4V 1K9 BUSINESS PHONE: 9056778889 MAIL ADDRESS: STREET 1: 150 PIERCE RD STREET 2: SUITE 600 CITY: ITASCA STATE: IL ZIP: 60143 PUBLIC REFERENCE ACCESSION NUMBER: 0001072627-18-000030 LETTER 1 filename1.pdf begin 644 filename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filename2.txt November 2, 2018 William A. Hickey, Jr. Executive Vice President and Chief Financial Officer Kingsway Financial Services Inc. 45 St. Clair Avenue West, Suite 400 Toronto, Ontario M4V 1K9 Canada Re: Kingsway Financial Services Inc. Form 10-K for the Fiscal Year Ended December 31, 2017 Filed March 16, 2018 Form 10-Q for the Quarterly Period Ended June 30, 2018 Filed August 8, 2018 File No. 001-15204 Dear Mr. Hickey: We have reviewed your November 1, 2018 response to our comment letter and have the following comment. Please respond to this comment within 10 business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Our reference to a prior comment is to the comment in our October 26, 2018 letter. Form 10-Q for the Quarterly Period Ended June 30, 2018 Notes to Consolidated Financial Statements (Unaudited) Note 12: Revenue from Contracts with Customers, page 21 1. We acknowledge your response to the last bullet of our prior comment. Please represent to us that you will include the following in your disclosure addressing Item 308(c) of Regulation S-K regarding changes in internal control over financial reporting (ICFR) within Item 4 Controls and Procedures of Part I of your upcoming Form 10-Q for the quarterly period ended September 30, 2018: That your revenue recognition error caused you to reevaluate your disclosure controls William A. Hickey, Jr. Kingsway Financial Services Inc. November 2, 2018 Page 2 and procedures (DCP) at March 31, 2018 and June 30, 2018 and that you concluded that DCP was ineffective at those dates because of a material weakness in ICFR. The nature of the material weakness in ICFR consistent with that provided in your response. The changes you made in ICFR during the third quarter of 2018 to remediate the material weakness consistent with that provided in your response in order to conclude that DCP was effective at September 30, 2018. You may contact Mark Brunhofer at (202) 551-3638 or Jim Rosenberg at (202) 551- 3679 with any questions. FirstName LastNameWilliam A. Hickey, Jr. Sincerely, Comapany NameKingsway Financial Services Inc. Division of Corporation Finance November 2, 2018 Page 2 Office of Healthcare & Insurance FirstName LastName