FG Financial Group Q1 net income $0.9M ($0.10 EPS) vs loss $4.3M YoY; premiums up 48%

FG Nexus Inc.

2024-Q1 EPS reported -$0.42 revenue$10,109,000

Net income attributable to common shareholders of $0.9M ($0.10 diluted EPS) vs loss of $4.3M ($0.66 loss) in Q1 2022.
Net reinsurance premiums earned increased to $3.7M from $2.5M YoY.
Net investment income of $2.8M vs net investment loss of $2.3M YoY.
Paid 8% Series A Preferred dividend of $0.45M ($0.50/share), 20th consecutive quarterly payment.
Balance sheet: cash $4.3M, investments $27.5M, shareholders' equity $38.8M as of March 31, 2023.

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 0.95

FG Nexus Inc. reported the first quarter ended March 31, 2023 results: net income Net income attributable to common shareholders for the first quarter of 2023 was $0.9 million, or $0.10 per fully dilute, EPS $0.10 per fully diluted share.

Period: the first quarter ended March 31, 2023
Net income: Net income attributable to common shareholders for the first quarter of 2023 was $0.9 million, or $0.10 per fully dilute
EPS: $0.10 per fully diluted share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders for the first quarter of 2023 was $0.9 million, or $0.10 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 0001493152-23-018102

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