* Q2 loss $0.36/shr vs loss $0.70/shr year ago
* Net premiums earned fall 37 pct
* Says continues not to pay quarterly dividend
Aug 13 Canadian property and casualty insurer
Kingsway Financial Services Inc (KFS.TO) reported a narrower
quarterly loss, helped by higher investment income.
Kingsway, which has not paid dividend in at least last four
consecutive quarters, said it would not pay dividend for the
The company reported net loss of $18.5 million, or 36 cents
a share for the second quarter, compared with a loss of $38.4
million, or 70 cents a share, a year ago.
Excluding items, it reported net loss of 31 cents a share.
Kingsway, which sells high-risk auto and truck insurance,
reported 37 percent drop in net premiums earned to $69.7
The company's investment income rose 6 percent to $11.7
million, while underwriting loss from its U.S. segment dropped
53 percent to 20.0 million.
The Mississauga, Ontario-based company's shares, which have
gained about 7 percent since last one month, closed at C$2.01
Thursday on the Toronto Stock Exchange.
(Reporting by Ashutosh Joshi in Bangalore; Editing by Maju