secwatch.observer — SEC 8-K summary
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Issuer:     FG Nexus Inc. (FGNX)
CIK:        0001591890
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001493152-24-009953
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591890/000149315224009953/0001493152-24-009953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591890/000149315224009953/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009953

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