FG Financial Group, Inc. (FGF) Financial Statements (2024 and earlier)

Company Profile

Business Address 104 S. WALNUT STREET
ITASCA, IL 60143
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,52231,77929,53131,68723,86625,268
Cash and cash equivalents2,9624,3043,0109,64712,8328,501
Short-term investments27,56027,47526,52122,04011,03416,767
Receivables11,50810,4029,2697,7107,3323,773
Total current assets:42,03042,18138,80039,39731,19829,041
Noncurrent Assets
Operating lease, right-of-use asset     65 
Total noncurrent assets:     65 
Other undisclosed assets6,5367,82310,6759,5266,0106,603
TOTAL ASSETS:48,56650,00449,47548,92337,27335,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  500    
Total current liabilities:  500    
Noncurrent Liabilities
Liabilities, other than long-term debt4,7814,23422517211751
Restructuring reserve4,6654,044    
Other liabilities11619022517211751
Total noncurrent liabilities:4,7814,23422517211751
Other undisclosed liabilities6,7786,46311,95511,0599,4435,791
Total liabilities:11,55911,19712,18011,2319,5605,842
Equity
Equity, attributable to parent37,00738,80737,29537,69227,71329,802
Preferred stock22,36522,36522,36522,36522,36522,365
Common stock1099997
Additional paid in capital52,30250,73650,02150,10449,93346,099
Accumulated deficit(37,670)(34,303)(35,100)(34,786)(44,594)(38,669)
Total equity:37,00738,80737,29537,69227,71329,802
TOTAL LIABILITIES AND EQUITY:48,56650,00449,47548,92337,27335,644

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,1866,5274,90615,771 2,473
Premiums earned, net3,6853,6573,1894,3832,9532,473
Net investment income(1,529)2,8401,66311,174(3,714)(2,346)
Gross profit:2,1866,5274,90615,771 2,473
Operating expenses(5,109)(5,177)(4,773)(5,516)(4,743)(3,975)
Operating income (loss):(2,923)1,35013310,255(5,478)(1,502)
Nonoperating income (expense)
(Investment Income, Nonoperating)
  30010,300  (1,046)
Income (loss) from continuing operations before equity method investments, income taxes:(2,923)1,65010,43310,255(5,478)(2,548)
Income from equity method investments  2,680    
Other undisclosed loss from continuing operations before income taxes  (2,980)(10,300)  (1,275)
Income (loss) from continuing operations:(2,923)1,35013310,255(5,478)(3,823)
Income (loss) before gain (loss) on sale of properties:10,255(5,478)(3,823)
Net income (loss) attributable to parent:(2,923)1,35013310,255(5,478)(3,823)
Preferred stock dividends and other adjustments(444)(447)(447)(447)(447)(447)
Net income (loss) available to common stockholders, diluted:(3,367)903(314)9,808(5,925)(4,270)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(2,923)1,35013310,255(5,478)(3,823)
Comprehensive income (loss), net of tax, attributable to parent:(2,923)1,35013310,255(5,478)(3,823)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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