Fundamental Global 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,24929,53132,42420,67457,99631,376
Cash and cash equivalents2,3963,01015,54212,13228,50930,902
Short-term investments30,85326,52116,8828,54229,487474
Receivables21,5719,2693,8531,7241,265 
Inventory, net of allowances, customer advances and progress billings      
Inventory      
Total current assets:54,82038,80036,27722,39859,26131,376
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     
Operating lease, right-of-use asset     
Property, plant and equipment     315
Long-term investments and receivables23,532    6,550
Long-term investments23,532    6,550
Intangible assets, net (including goodwill)      
Goodwill      
Total noncurrent assets:23,532    6,865
Other undisclosed assets(12,616)10,6754,55212,3074,193109,682
TOTAL ASSETS:65,73649,47540,82934,70563,454147,923
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      
Disposal group, including discontinued operation      
Contract with customer, liability1,840
Total current liabilities:     1,840
Noncurrent Liabilities
Long-term debt and lease obligation      
Finance lease, liability     
Liabilities, other than long-term debt9,56222557557139 
Deferred income tax liabilities    106
Restructuring reserve9,016     
Other liabilities5462255755733 
Operating lease, liability     
Total noncurrent liabilities:9,56222557557139 
Other undisclosed liabilities13,68211,9556,24545540083,336
Total liabilities:23,24412,1806,82051253985,176
Equity
Equity, attributable to parent42,49237,29534,00934,19362,91562,747
Preferred stock22,36522,36522,36517,50017,50017,500
Common stock1096666
Treasury stock, value    (6,185)(1,009)(1,009)
Additional paid in capital53,26450,02146,03747,06546,75446,340
Accumulated other comprehensive loss     (729)
Retained earnings (accumulated deficit)(33,147)(35,100)(34,399)(24,193)(336)639
Equity, attributable to noncontrolling interest      
Total equity:42,49237,29534,00934,19362,91562,747
TOTAL LIABILITIES AND EQUITY:65,73649,47540,82934,70563,454147,923

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues26,84220,0954,864 5,59758,220
Premiums earned, net16,63112,9984,864  54,357
Net investment income9,7986,7772,545(17,260)5,5871,617
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
      (27,413)
Gross profit:26,84220,0954,864 5,59730,807
Operating expenses(22,997)(19,007)(14,928)(5,966)(2,476)(57,934)
Other undisclosed operating loss      
Operating income (loss):3,8451,088(10,064)(23,122)3,121(27,127)
Nonoperating income 10,3002,646   
Investment income, nonoperating  10,3002,646   
Other nonoperating income      
Interest and debt expense      
Other undisclosed income from continuing operations before equity method investments, income taxes     27,413
Income (loss) from continuing operations before equity method investments, income taxes:3,84511,388(7,418)(23,122)3,121286
Income (loss) from equity method investments3,1307,618    
Other undisclosed income (loss) from continuing operations before income taxes(3,130)(17,918)85   
Income (loss) from continuing operations before income taxes:3,8451,088(7,333)(23,122)3,121286
Income tax expense (benefit)   665738518
Other undisclosed loss from continuing operations     (1,476) 
Income (loss) from continuing operations:3,8451,088(7,333)(22,457)2,383804
Income (loss) before gain (loss) on sale of properties:(7,188)(22,457)311804
Income (loss) from discontinued operations  145 (2,072) 
Net income (loss):3,8451,088(7,188)(22,457)311804
Net income (loss) attributable to noncontrolling interest  (1,326)   
Net income (loss) attributable to parent:3,8451,088(8,514)(22,457)311804
Preferred stock dividends and other adjustments(1,786)(1,789)(1,692)(1,400)(1,400) 
Other undisclosed net income (loss) available to common stockholders, basic     (1,108)
Net income (loss) available to common stockholders, diluted:2,059(701)(10,206)(23,857)(1,089)(304)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,8451,088(7,188)(22,457)311804
Other comprehensive income (loss)    1,342(527)
Comprehensive income (loss):3,8451,088(7,188)(22,457)1,653277
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (1,326)   
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:3,8451,088(8,514)(22,457)1,653277

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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