SC 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No....)
KINGSWAY FINL SVCS INC.
................................................................................
(Name of Issuer)
COMMON SHARES
................................................................................
(Title of Class of Securities)
496904103
................................................................................
(CUSIP Number)
December 31, 2007
................................................................................
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. 496904103
(1)Names of reporting persons. I.R.S. Identification Nos. of above persons
(entities only)
LETKO, BROSSEAU & ASS. INC.
(2) Check the appropriate box if a member of a group (see instructions)
(a)
(b)
(3) SEC use only
(4) Citizenship or place of organization CANADA
Number of shares beneficially owned by each reporting person with:
(5)Sole voting power 5,005,620
(6)Shared voting power
(7)Sole dispositive power 5,005,620
(8)Shared dispositive power
(9)Aggregate amount beneficially owned by each reporting person
5,005,620
(10)Check if the aggregate amount in Row (9) excludes certain shares
see instructions)
(11)Percent of class represented by amount in Row 9
9.02%
(12)Type of reporting person (see instructions)
OO
Item 1.
Item 1(a) Name of issuer: KINGSWAY FINL SVCS INC.
Item 1(b) Address of issuer's principal executive offices:
5310 Explorer Drive
Mississauga, ON L4W 5H8
Canada
Item 2.
2(a) Name of person filing:
Letko, Brosseau & Ass. Inc.
2(b) Address or principal business office or, if none, residence:
1800 Mc Gill College Av.
Suite 2510
Montreal, QC
H3A 3J6
Canada
2(c) Citizenship:
Canada
2(d) Title of class of securities:
Common Shares
2(e) CUSIP No.:
496904103
Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
a. [ ] Broker or dealer registered under Section 15 of the Act.
b. [ ] Bank as defined in Section 3(a)(6) of the Act.
c. [ ] Insurance company as defined in Section 3(a)(19) of the Act.
d. [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
e. [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
f. [ ] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
g. [ ] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
h. [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
i. [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940;
j. [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
a. Amount beneficially owned: 5,005,620
b. Percent of class: 9.02%
c. Number of shares as to which such person has:
i. Sole power to vote or to direct the vote: 5,005,620
ii. Shared power to vote or to direct the vote
iii. Sole power to dispose or to direct the disposition of: 5,005,620
iv. Shared power to dispose or to direct the disposition of
Item 5.
Ownership of 5 Percent or Less of a Class. If this statement is being
filed to report the fact that as of the date hereof the reporting person
has ceased to be the beneficial owner of more than 5 percent of the class
of securities, check the following [ ].
Item 6. Ownership of More than 5 Percent on Behalf of Another Person
Clients of Letko, Brosseau & Ass. Inc. have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from sale
of, the Common Stock reported as beneficially owned by Letko, Brosseau &
Ass. Inc. No clients of Letko, Brosseau & Ass. Inc. beneficially owns
more than five percent of Issuer's Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that
purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated : February 12, 2008
Signature DANIEL BROSSEAU
Name/Title: Daniel Brosseau/President