---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018102"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:15:48.271089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-018102
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315223018102/0001493152-23-018102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315223018102/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018102
- JSON: https://secwatch.observer/filing/0001493152-23-018102.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018102.txt

## Key facts
- Earnings Releases
  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
  source text: Net income attributable to common shareholders for the first quarter of 2023 was $0.9 million, or $0.10 per fully diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315223018102/0001493152-23-018102-index.htm

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