Welcome to our dedicated page for Fundamental Global news (Ticker: FGF), a resource for investors and traders seeking the latest updates and insights on Fundamental Global stock.
Fundamental Global Inc. (FGF) delivers specialized insurance solutions and strategic asset management services, focusing on weather-vulnerable regions. This page provides authorized updates about corporate developments, financial performance, and market positioning.
Access real-time press releases covering earnings announcements, leadership changes, and strategic partnerships. Investors will find regulatory filings alongside analysis of operational expansions in property/casualty insurance markets.
Key updates include reinsurance program developments, investment portfolio adjustments, and regional market penetration efforts. Content is curated to help stakeholders track risk management innovations and financial stability indicators.
Bookmark this page for direct access to verified corporate communications. Check regularly for insights into FGF's approach to balancing insurance underwriting with asset growth strategies in dynamic markets.
FG Financial Group, Inc. (NASDAQ:FGF) announced a public offering of 2,750,000 shares of common stock priced at $1.58 per share, aiming for gross proceeds of $4.345 million. The offering includes a 45-day option for underwriters to purchase an additional 412,500 shares. The transaction is expected to close on June 21, 2022, subject to standard conditions. ThinkEquity is the sole book-running manager, with the offering details available in a prospectus filed with the SEC.
FG Financial Group reported mixed results for Q1 2022, with a net loss of $4.3 million or $(0.66) per share, an increase from a loss of $0.3 million in Q1 2021. Net premiums earned surged to $2.5 million from $0.2 million year-over-year. However, net investment loss was $2.4 million, a decline from net investment income of $1.9 million last year. The company continues to manage its SPAC strategy, completing two IPOs, and has maintained a strong balance with $8.5 million in cash and total shareholders’ equity of $29.8 million. Dividend payments on preferred shares remain consistent.
FG Financial Group, Inc. (FGF) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. This dividend covers the period from March 15, 2022 to June 14, 2022 and is payable on June 15, 2022, to shareholders of record by June 1, 2022. The company specializes in opportunistic reinsurance and investment management, aiming to partner with Strategic investors and SPAC-related businesses.
FG Financial Group, Inc. (Nasdaq:FGF) reported fourth-quarter and full-year results for 2021, showing a net loss of $3.8 million for Q4, compared to a loss of $2.4 million in Q4 2020. For the full year, the net loss was $10.2 million, an improvement from $23.9 million in 2020. Net premiums earned rose to $2.6 million, up from $0 a year ago. The company successfully executed investments in SPACs, including Hagerty and OppFi. It maintains a strong balance sheet with cash and investments valued at $31 million and total equity of $34 million.
FG Financial Group, Inc. has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A, for the period from
The dividend is payable on
FG Financial Group (Nasdaq: FGF, FGFPP) announced that its SPAC partner, Aldel Financial, has successfully merged with Hagerty, a well-known automotive insurance provider. The merger was approved by Aldel’s stockholders on December 1, 2021, and Hagerty began trading under the ticker HGTY on December 3, 2021. FG Financial holds approximately 533,000 common shares and 321,000 warrants of Hagerty, valued at $15 each. The company views this merger positively, anticipating growth in the automotive insurance market as Hagerty insures about 2 million vehicles globally.
FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock for the period from
FG Financial Group (Nasdaq:FGF) reported results for Q3 and nine months ending September 30, 2021, highlighting a decrease in net loss to $5.4 million, or ($1.08) per share, from a loss of $9.9 million year-over-year. Net premiums earned increased to $1.1 million, indicating growth in their insurance sector, while unrealized gains from private investments reached $4.98 million. The company successfully completed a business combination with OppFi and announced Aldel Financial's merger with Hagerty, expected to list under ticker HGTY. The firm also maintained its dividend on Series A Preferred Shares for the 14th consecutive quarter.
FG Financial Group (NASDAQ: FGF) has announced the start of its rights offering, allowing current common stockholders to buy additional shares. Stockholders will receive one non-transferable subscription right to acquire 0.15 shares at $4.00 each for every share held as of 5:00 p.m. ET on October 25, 2021. The offering aims to raise approximately $3.0 million, with proceeds allocated for working capital. Subscription rights must be exercised by 5:00 p.m. ET on November 29, 2021. The offering details will be included in a prospectus filed with the SEC on October 29, 2021.
FG Financial Group, Inc. (NASDAQ: FGF) has successfully closed a public offering of 652,174 shares of common stock at $4.00 per share, raising approximately $2.6 million in gross proceeds. The underwriters were granted a 45-day option to purchase an additional 97,826 shares. The offering was executed under an effective registration statement filed with the SEC, and the final prospectus was posted on October 27, 2021. The funds raised are intended to support the Company's operations in reinsurance and investment management.
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