FG Financial Q3 net income $9.8M ($1.05/diluted share), vs loss $5.4M a year ago

FG Nexus Inc.

Net income attributable to common shareholders $9.8M, or $1.05 per diluted share, vs net loss $5.4M ($(1.08)) in Q3 2021.
Net reinsurance premiums earned $4.4M, up from $1.1M YoY; no major catastrophe losses.
Net investment income $11.2M, vs net investment loss $1.3M in Q3 2021.
Launched merchant banking division, expanding strategy beyond reinsurance and SPACs.
Paid 18th consecutive quarterly dividend on 8% Series A Preferred ($0.45M).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FG Nexus Inc. reported third quarter ended September 30, 2022 results: net income $9.8 million, or $1.05 per fully diluted share, EPS $1.05 per fully diluted share.

Period: third quarter ended September 30, 2022
Net income: $9.8 million, or $1.05 per fully diluted share
EPS: $1.05 per fully diluted share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders for the third quarter of 2022 increased to $9.8 million, or $1.05 per fully diluted share

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FG Nexus Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031097

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