secwatch.observer — SEC 8-K summary
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Issuer:     FG Nexus Inc. (FGNX)
CIK:        0001591890
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001493152-23-018102
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591890/000149315223018102/0001493152-23-018102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591890/000149315223018102/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018102

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