---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009953"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:32:54.185587+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fundamental Global reports FY 2023 net income of $2.1M vs loss in 2022; premiums up 28%

## Summary
- Net income attributable to common shareholders $2.1M ($0.21 dil EPS) vs net loss $0.7M ($0.09 loss) in 2022.
- Net reinsurance premiums earned $16.6M for 2023, up from $13.0M in 2022; Q4 premiums $5.1M vs $3.2M.
- Net investment income $9.8M in 2023, up from $6.8M in 2022, driven by iCoreConnect business combination gains.
- Paid $1.8M ($2.00/share) dividends on 8% Series A Preferred Stock for 2023.
- Total shareholders' equity $42.5M at Dec 31, 2023, up $5.2M from $37.3M at Dec 31, 2022.

## SEC filing metadata
- accession: 0001493152-24-009953
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315224009953/0001493152-24-009953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315224009953/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009953
- JSON: https://secwatch.observer/filing/0001493152-24-009953.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009953.txt

## Key facts
- Earnings Releases
  FG Nexus Inc. reported fourth quarter and full year ended December 31, 2023 results: net income Net income attributable to common shareholders for the year ended December 31, 2023, was $2.1 million, or $0.21 per full.
  - Period: fourth quarter and full year ended December 31, 2023
  - Net income: Net income attributable to common shareholders for the year ended December 31, 2023, was $2.1 million, or $0.21 per full
  - Result: reported results
  source text: Net income attributable to common shareholders for the year ended December 31, 2023, was $2.1 million, or $0.21 per fully diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315224009953/0001493152-24-009953-index.htm

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