May 7, 2008 / 8:14 PM / in 10 years

Kingsway Financial posts loss on Lincoln General

(In U.S. dollars)

TORONTO, May 7 (Reuters) - Kingsway Financial Services KFS.TO swung to a loss in the first quarter as it increased reserves at its Lincoln General and Kingsway General subsidiaries, the insurance company said on Wednesday.

Kingsway, which sells truck, motorcycle and auto policies, said it lost $34.4 million, or 62 cents a share, in the three-month period ended March 31.

That compared with a profit of $19.6 million, or 35 cents a share, in the same 2007 period. (Reporting by Lynne Olver; Editing by Peter Galloway)

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