There are so many negatives at KFS - most (but not all) due to Lincoln - that it is very hard to see the company surviving.
A year ago, I did an analysis of Lincoln, and could hardly believe how bad things were, and the obvious lack of KFS mgmt skill and attention to huge, GLARING problems at Lincoln that had gone on for years. I had no prior involvement with the company, so it was a fresh, unbiased business review for a client. In short Lincoln was a godawful mess, and Kingsway was STILL in denial at that time as to how serious the mess was.
Factor in a financial meltdown and huge portfolio losses, not to mention severely declining income going forward in its core FI portfolio, to pay escalating claims that can only spiral higher in a recession, and you've got real problems to deal with!
I know this current set of "managers" is trying hard to persuade investors that they are making a fresh start, and can somehow pull this off - but I agree, the odds are very long. It looks like a sure BK within a few months - I wouldn't touch this thing long.