Fundamental Global Inc. Stock Price, News & Analysis

FG Financial Group (Nasdaq: FGF) reported strong growth for 2022, with net premiums earned rising to $13.0 million from $4.9 million in 2021. The fourth quarter saw net premiums increase to $3.2 million, up from $2.6 million. Net investment income also improved significantly, reaching $6.8 million for the year, up from $2.5 million. The company maintained its record of paying the 8% Series A Preferred Share dividend, marking the 19th consecutive quarter of full payments. Despite a net loss of $0.70 million for the year, this reflects substantial improvement from a loss of $10.2 million in 2021.

FG Financial Group, Inc. (Nasdaq: FGF) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. This dividend is for the period from December 15, 2022 to March 14, 2023, with a payment date of March 15, 2023 for shareholders on record by March 1, 2023. The Company operates in reinsurance and asset management, focusing on collateralized reinsurance and merchant banking, alongside strategic partners.

FG Financial Group has announced the formation of Craveworthy LLC, a new restaurant brand platform, in partnership with former Jimmy John's CEO Gregg Majewski. This initiative is the second project under FG Financial's recently launched Merchant Banking division. The initial platform will include four brands: Wing It On!, Krafted Burger + Tap, The Budlong Hot Chicken, and The Lucky Cat Poke Company, featuring six owned and thirteen franchise locations, with an additional eighteen franchises in development. The focus is on expanding royalty and franchise fee revenue while exploring further acquisition opportunities.

FG Financial Group, Inc. (Nasdaq: FGF) announced the formation of a reinsurance sidecar, FG Re Investors I LLC, via its subsidiary FG Reinsurance Ltd, aiming to enhance its reinsurance portfolio. This initiative will attract third-party investor capital and is supported by Castle Placement, LLC as the exclusive placement agent. CEO Larry Swets highlighted the strong reinsurance market, while Chairman Kyle Cerminara noted the potential for new revenue streams via fee income from the existing platform.

FG Financial Group (Nasdaq: FGF) has launched FG Communities, a new venture aimed at improving affordable housing. This initiative is a result of a partnership with Fundamental Global, marking the first project under FG Financial's new Merchant Banking division. FG Communities currently owns four manufactured housing communities and is actively seeking additional properties. CEO Michael Anise emphasizes the strong demand for affordable housing, while Kyle Cerminara from Fundamental Global expresses optimism about future growth.

FG Financial Group (Nasdaq: FGF) reported substantial growth in its reinsurance segment for Q3 2022, with net premiums earned rising to $4.4 million from $1.1 million year-over-year. Additionally, net investment income improved to $11.2 million, up from a loss of $1.3 million in the same period last year. The company also launched a merchant banking platform, expanding its strategic focus. Despite a net loss of $0.4 million for the nine-month period, shares delivered a profit of $1.05 per diluted share for Q3.

FG Financial Group, Inc. (Nasdaq: FGF) has announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. The dividend pertains to the period from September 15, 2022 to December 14, 2022, and is payable on December 15, 2022, to shareholders of record as of December 1, 2022. The company focuses on reinsurance and asset management, partnering with Fundamental Global and strategic investors to allocate capital effectively.