FG Financial reinsurance posts Q1 net underwriting profit >$1M; sees up to $1M fee revenue in 2023

FG Nexus Inc.

Reinsurance division net underwriting profit over $1M in Q1 2023, with net premiums earned of $3.7M.
Company expects up to $1M in fee revenue in 2023 through FG RE Solutions unit; pipeline includes joint ventures.
FY 2022 net underwriting profit improved to $2.35M from a loss of $881K in 2021; net premiums earned $13M.
Sponsor Protection and Coverage Risk unit (D&O for SPACs) expected to begin writing business in 2023.

item 2.02 item 8.01 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 first quarter of 2023 results: revenue $3.7 million.

Period: first quarter of 2023
Revenue: $3.7 million
Result: preliminary results

Exact text from the filing

FG Financial’s reinsurance division achieved net premiums earned of $3.7 million for the first quarter of 2023.

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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 0001493152-23-019409

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