---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008865"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:36:05.245281+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-008865
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315223008865/0001493152-23-008865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315223008865/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008865
- JSON: https://secwatch.observer/filing/0001493152-23-008865.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008865.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315223008865/0001493152-23-008865-index.htm
- Earnings Releases
  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
  source text: Net loss attributable to common shareholders for the fourth quarter of 2022 improved to $0.30 million, or $(0.03) per fully diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315223008865/0001493152-23-008865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.