STOCK TITAN

Fundamental Global Inc. - FGF STOCK NEWS

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., trading under the stock symbol FGF, is a diversified holding company with a significant focus on insurance, reinsurance, and investment management. Incorporated in Delaware, the company has expanded its reach and capabilities through its various subsidiaries. Fundamental Global Inc. primarily operates in two segments: Insurance and Asset Management, with the Insurance segment being the main revenue driver.

One of the company's key subsidiaries is Maison Insurance Company, a wholly-owned entity that began providing property and casualty insurance in Louisiana in December 2012 and later expanded its services to Texas. Maison Insurance offers a range of insurance products including homeowners' insurance, manufactured home insurance, wind and hail coverage, and dwelling fire insurance. The company has identified Louisiana and Texas as historically underserved markets due to the unique weather-related risks prevalent in these regions.

Fundamental Global Inc. has been recognized for its strategic growth and ability to navigate complex markets. Recent achievements include expanding its insurance offerings and strengthening its investment management portfolio. The company continues to pursue new opportunities and partnerships to enhance its service offerings and shareholder value.

Fundamental Global Inc. is committed to providing quality insurance solutions and generating sustainable returns through strategic asset management. Investors interested in the latest updates and relevant information about the company's performance, events, and developments can find detailed news and insights on the StockTitan platform.

Rhea-AI Summary

FG Financial Group (Nasdaq: FGF) announced its Q2 2021 results, marking significant advancements in its SPAC and reinsurance strategies. Key highlights include the first quarterly profit from continuing operations of $0.4 million, a decrease in net loss from $2.92 million in Q2 2020 to $0.7 million, and net premiums earned of $0.9 million. The company wrote its second reinsurance contract and launched its second SPAC, Aldel Financial. Cash and equivalents stood at $10.4 million, and shareholders' equity totaled $39 million as of June 30, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.39%
Tags
-
Rhea-AI Summary

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A, for the period starting June 15, 2021, and ending September 14, 2021. This dividend will be payable on September 15, 2021, to holders of record as of September 1, 2021. The company continues to focus on collateralized and loss capped reinsurance while exploring investment opportunities in SPAC-related businesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.39%
Tags
dividends
-
Rhea-AI Summary

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced the retirement of Chief Financial Officer John S. Hill, effective August 6, with Hassan R. Baqar succeeding him. Baqar brings over 20 years of financial services experience, particularly in reinsurance and SPACs. Additionally, Brian Bottjer has been appointed Chief Accounting Officer. CEO Larry Swets expressed gratitude for Hill's contributions and confidence in the new leadership, highlighting Baqar's extensive expertise that is expected to benefit the firm’s growth and strategic initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
management
Rhea-AI Summary

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced the completion of its business combination with OppFi through FG New America Acquisition Corp. (FGNA). The stockholders approved the deal on July 16, 2021, and it closed on July 20, 2021. OppFi now trades under the ticker symbols 'OPFI' and 'OPFI WS.' FG Financial holds 861,690 Class A shares and 358,419 warrants of OppFi. CEO Larry Swets expressed optimism about OppFi's growth and profitability, emphasizing opportunities for capital allocation to SPAC-related businesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.76%
Tags
-
Rhea-AI Summary

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced a new reinsurance contract by its subsidiary, FG Reinsurance Ltd (FGRe), with a leading Insurtech firm specializing in automotive insurance. This marks FGRe's second contract since its launch in June 2020. The contract involves limiting maximum exposure through a loss cap, with pricing determined by an FCAS accredited actuary. CEO Tom Heise expressed confidence in meeting internal return targets, while CEO Larry Swets highlighted the contract's unique structure and strategic fit.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
-
Rhea-AI Summary

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) will be included in the Russell Microcap® Index after the annual reconstitution on June 28, 2021. This inclusion reflects the company's strategy focused on capital allocation in reinsurance and SPAC ventures, potentially increasing investor awareness and shareholder value. The Russell Microcap® Index is widely recognized among institutional investors, with approximately $10.6 trillion in assets benchmarked to Russell indexes, indicating significant market influence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
none
Rhea-AI Summary

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) has closed its public offering of 194,580 shares of 8.0% Series A Cumulative Preferred Stock, raising $4.86 million before commissions. This offering included the full exercise of underwriters' over-allotment options. ThinkEquity served as the sole book-running manager. The offering was facilitated under an effective shelf registration statement with the SEC, with details filed on May 19, 2021. FG Financial Group is engaged in reinsurance and investment management, focusing on opportunistic and collateralized strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.06%
Tags
-
Rhea-AI Summary

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) announced the pricing of its public offering of 169,200 shares of 8.0% Series A Cumulative Preferred Stock at $25.00 per share, generating gross proceeds of $4,230,000. A 45-day option for underwriters to purchase up to 25,380 additional shares is also included. The offering is set to close on May 21, 2021, subject to customary conditions. ThinkEquity is the sole book-running manager, with further details available in their prospectus, filed with the SEC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
-
Rhea-AI Summary

FG Financial Group, Inc. (FGF) reported a net loss of $(0.3) million, or $(0.06) per diluted share, for Q1 2021, significantly improving from a net loss of $(8.6) million in Q1 2020. The company's investment portfolio grew over 32% from the prior quarter, bolstered by a $3.6 million unrealized gain in FG New America Acquisition Corp. The firm also paid its 12th consecutive Series A Preferred Share dividend of $0.35 million. Despite non-cash losses of $1.9 million from FedNat Holdings, total shareholders’ equity reached $35.7 million as of March 31, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.15%
Tags
Rhea-AI Summary

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. This dividend applies to the period from March 15, 2021, to June 14, 2021, and will be paid on June 15, 2021, to shareholders on record as of June 1, 2021. The Preferred Stock is traded under the symbol FGFPP. The company focuses on opportunistic collateralized and loss capped reinsurance and invests in SPAC-related businesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
dividends

FAQ

What is the current stock price of Fundamental Global (FGF)?

The current stock price of Fundamental Global (FGF) is $30 as of December 6, 2024.

What is the market cap of Fundamental Global (FGF)?

The market cap of Fundamental Global (FGF) is approximately 40.3M.

What is the primary business of Fundamental Global Inc.?

Fundamental Global Inc. operates as a diversified insurance, reinsurance, and investment management holding company through its subsidiaries.

What kind of insurance products does Maison Insurance Company offer?

Maison Insurance Company offers homeowners', manufactured home, wind and hail, and dwelling fire insurance.

Which regions does Maison Insurance Company serve?

Maison Insurance Company serves individuals in Louisiana and Texas.

What are the main segments of Fundamental Global Inc.?

The main segments of Fundamental Global Inc. are Insurance and Asset Management.

What is the stock symbol for Fundamental Global Inc.?

The stock symbol for Fundamental Global Inc. is FGF.

Where is Fundamental Global Inc. incorporated?

Fundamental Global Inc. is incorporated in Delaware.

How can investors contact Fundamental Global Inc.?

Investors can contact Fundamental Global Inc. via email at investors@fundamentalglobal.com.

What is the historical significance of the Louisiana and Texas markets for Fundamental Global Inc.?

These regions have been historically underserved due to unique weather-related risks, which Fundamental Global Inc. aims to address through its insurance offerings.

What drives the majority of revenue for Fundamental Global Inc.?

The majority of revenue for Fundamental Global Inc. is generated from its Insurance segment.

Where can I find the latest news about Fundamental Global Inc.?

The latest news and updates about Fundamental Global Inc. can be found on the StockTitan platform.

Fundamental Global Inc.

Nasdaq:FGF

FGF Rankings

FGF Stock Data

40.35M
1.12M
12.69%
38.44%
0.5%
Insurance - Diversified
Fire, Marine & Casualty Insurance
Link
United States of America
ITASCA