FG Financial Group Q2 net loss narrows to $3.4M; reinsurance premiums up 23%

FG Nexus Inc.

2024-Q2 EPS reported -$0.97 revenue$13,701,000

Net loss attributable to common shareholders improved to $3.4M ($0.35/share) vs $5.9M loss ($0.87) in Q2 2022.
Net reinsurance premiums earned rose to $3.7M (Q2) and $7.3M (YTD), up 23% and 35% YoY respectively.
Net investment loss reduced to $1.5M (Q2) from $3.7M; YTD net investment income of $1.3M vs $6.1M loss.
Total shareholders' equity increased to $37.0M, up from $27.7M a year earlier.
Merchant banking progress: FG Acquisition Corp. announced ThinkMarkets combination; FG Merger Corp. merger with iCoreConnect advancing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FG Nexus Inc. reported second quarter 2023 results: revenue $3.7 million, net income Net loss attributable to common shareholders for the second quarter of 2023 decreased to $3.4 million, or $(0.35) per fu, EPS $(0.35) per fully diluted share.

Period: second quarter 2023
Revenue: $3.7 million
Net income: Net loss attributable to common shareholders for the second quarter of 2023 decreased to $3.4 million, or $(0.35) per fu
EPS: $(0.35) per fully diluted share
Result: reported results

Exact text from the filing

Six Months Financial Results and Highlights FG Financial Group’s 2023 second quarter and six-month financial results included: ● Net reinsurance premiums earned increased to $3.7 million for the three months ended June 30, 2023, from $3.0 million in the second quarter of the prior year. Net reinsurance premiums for the six months ended June 30, 2023, increased

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Source: SEC EDGAR

accession 0001493152-23-027598

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