FG Financial Group Q4 2022 Net Loss Narrows to $0.30M; Full-Year Premiums Earned Triple to $13.0M

FG Nexus Inc.

Net loss attributable to common shareholders improved to $0.30M ($0.03 per share) in Q4 2022 from $3.8M ($0.66) in Q4 2021.
Net reinsurance premiums earned rose to $3.2M in Q4 2022 ($13.0M full year) from $2.6M ($4.9M) in prior year.
Net investment income of $1.7M in Q4 2022 vs. loss of $0.25M in Q4 2021; full-year $6.8M vs $2.5M.
Merchant banking division launched in Q3 2022 added FG Communities, Craveworthy, and FG Merger Corp. SPAC with iCoreConnect.
Paid 8% Series A Preferred dividend for 19th consecutive quarter; cash $3.0M, equity $37.3M as of Dec 31, 2022.

item 2.02 item 9.01

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 full year ended December 31, 2022 results: net income $0.70 million, EPS $(0.09).

Period: full year ended December 31, 2022
Net income: $0.70 million
EPS: $(0.09)
Result: reported results

Exact text from the filing

Net loss attributable to common shareholders for the full year period ended December 31, 2022, also improved significantly to $0.70 million, or $(0.09) per fully diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FG Nexus Inc. reported fourth quarter of 2022 results: net income $0.30 million, EPS $(0.03).

Period: fourth quarter of 2022
Net income: $0.30 million
EPS: $(0.03)
Result: reported results

Exact text from the filing

Net loss attributable to common shareholders for the fourth quarter of 2022 improved to $0.30 million, or $(0.03) 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 0001493152-23-008865

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