Kingsway Names Adam J. Patinkin as Chairman of Its Board of Directors

-- Terence M. Kavanagh to Serve as Vice-Chairman --

CHICAGO, IL / March 16, 2026 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company"), the only publicly-traded US company employing the Search Fund model to acquire and build great businesses, today announced its Board of Directors (the "Board") has elected Adam J. Patinkin as Chairman of the Board. Terence M. Kavanagh, who has served as Chairman for the past twelve years, will remain on the Board as Vice-Chairman.

"I am honored to have been asked by the Board to serve as Chairman," said Mr. Patinkin. "Kingsway has built a unique and compelling platform to acquire and scale outstanding businesses. I am excited to work with JT and the entire Kingsway team to help the company reach its considerable potential."

"It has been a privilege to serve as Chairman of Kingsway for the past twelve years," said Mr. Kavanagh. "I believe this is the right moment to pass the baton to Adam. His energy, work ethic, and hands-on approach make him exceptionally well-suited to lead the Board as Kingsway enters its next phase of growth."

"Terry has guided Kingsway through a remarkable period of transformation," said JT Fitzgerald, Kingsway's President and CEO and a member of the Board of Directors. "We are deeply grateful for his steady leadership and wise counsel. I am thrilled to partner with Adam as we continue building Kingsway into a growth company and compounder of investor capital."

About Adam J. Patinkin

Adam J. Patinkin is the Founder and Managing Partner of David Capital Partners, LLC ("David Capital"), a long-term oriented alternative investment firm headquartered in Chicago with offices in London. Prior to founding David Capital, Mr. Patinkin was a member of the investment team at Chicago-based Sheffield Asset Management, L.L.C., a long/short equity hedge fund manager. Mr. Patinkin currently serves on the Board of Directors of Flamingo Group, Inc., a privately-held enterprise software company focused on the multi-family apartment industry. Mr. Patinkin holds the Chartered Financial Analyst designation and earned a B.A. from Dartmouth College with a double-major in History and Government.

About the Company

Kingsway Financial Services Inc. ("Kingsway") (NYSE: KFS) is the only publicly-traded US company employing the Search Fund model to acquire and build great businesses.

Kingsway owns and operates a collection of high-quality B2B and B2C services companies that are asset-light, growing, profitable, and that have recurring revenues. Kingsway seeks to compound long-term shareholder value on a per share basis via its decentralized management model, its talented team of operators, and its tax-advantaged corporate structure.

SOURCE: Kingsway Financial Services, Inc.