other material
confidence high
sentiment neutral
materiality 0.35
HG Holdings provides NCTIC financials: 2020 net income $30.6K, premiums $1.5M
HG Holdings, Inc.
- NCTIC 2020 net income $30,555, revenue $1.7M; 2019 net loss $67,303 on $1.0M revenue.
- As of June 30, 2021, unaudited total assets $4.9M, equity $4.5M, cash $4.8M.
- Acquisition closed July 20, 2021; includes 100% of NCTIC and 50% Omega National Title Agency.
- Pro forma combined financials filed; NCTIC is a Florida-only title insurer licensed in 2017.