Group 1 - The Value Lab focuses on long-only value investment ideas, targeting international mispriced equities with a portfolio yield of approximately 4% [1][2] - Kingsway Financial Services Inc. operates as a search fund, acquiring businesses in private markets and applying private equity growth equity strategies [2] - The Valkyrie Trading Society consists of analysts sharing high conviction investment ideas that are expected to generate non-correlated and outsized returns in the current economic environment [2] Group 2 - The Value Lab provides members with real-time portfolio updates, 24/7 chat support, regular global market news reports, and feedback on stock ideas [2] - The investment approach emphasizes downside protection and aims for high conviction in developed market opportunities [2] - The analysts involved are long-only investors, indicating a strategy focused on buying and holding rather than short selling [2]

Investment Highlights - Kingsway has an Adjusted EBITDA run-rate of approximately $18 to $19 million [10, 89] - Kingsway possesses approximately $792 million in Net Operating Losses (NOLs) for tax-advantaged cash flow [10, 89] Extended Warranty Business - The Extended Warranty segment had TTM Pro Forma Revenue of $11138 thousand as of 9/30/22, excluding PWSC revenue [30] - The Extended Warranty segment had Warranty Segment Adjusted EBITDA of $11138 thousand as of TTM 9/30/22 [30] - The extended warranty industry is estimated at over $121 billion globally and forecast to grow at 74% CAGR through 2027 [24] - Extended Warranty Borrowings is $167 million with interest rate of 533% [33] Kingsway Search Xcelerator (KSX) - Ravix Financial, Inc was acquired for $11 million (~40X TTM Adjusted EBITDA) [45] - CSuite Financial Partners was acquired for $85 million (~45X TTM Adjusted EBITDA) [51] - Secure Nursing Service, Inc was acquired for $109 million (~40X TTM Adjusted EBITDA) [62] - Ravix Financial Inc has TTM 9/30/22 Revenue of $156 million [47]