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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,24937,26430,52231,77929,53131,687
Cash and cash equivalents2,3965,5252,9624,3043,0109,647
Short-term investments30,85331,73927,56027,47526,52122,040
Receivables21,57114,46911,50810,4029,2697,710
Inventory, net of allowances, customer advances and progress billings      
Inventory      
Total current assets:54,82051,73342,03042,18138,80039,397
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      
Operating lease, right-of-use asset      
Property, plant and equipment      
Long-term investments and receivables23,532     
Long-term investments23,532     
Intangible assets, net (including goodwill)      
Goodwill      
Total noncurrent assets:23,532     
Other undisclosed assets(12,616)7,0956,5367,82310,6759,526
TOTAL ASSETS:65,73658,82848,56650,00449,47548,923
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   500  
Disposal group, including discontinued operation      
Total current liabilities:   500  
Noncurrent Liabilities
Long-term debt and lease obligation      
Finance lease, liability      
Liabilities, other than long-term debt9,5626,0474,7814,234225172
Deferred income tax liabilities      
Restructuring reserve9,0165,9124,6654,044  
Other liabilities546135116190225172
Operating lease, liability      
Total noncurrent liabilities:9,5626,0474,7814,234225172
Other undisclosed liabilities13,68210,1146,7786,46311,95511,059
Total liabilities:23,24416,16111,55911,19712,18011,231
Equity
Equity, attributable to parent42,49242,66737,00738,80737,29537,692
Preferred stock22,36522,36522,36522,36522,36522,365
Common stock101010999
Additional paid in capital53,26452,78152,30250,73650,02150,104
Accumulated other comprehensive loss      
Accumulated deficit(33,147)(32,489)(37,670)(34,303)(35,100)(34,786)
Equity, attributable to noncontrolling interest      
Total equity:42,49242,66737,00738,80737,29537,692
TOTAL LIABILITIES AND EQUITY:65,73658,82848,56650,00449,47548,923

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues6,95211,1772,1866,5274,90615,771
Premiums earned, net5,0974,1923,6853,6573,1894,383
Net investment income1,5266,961(1,529)2,8401,66311,174
Gross profit:6,95211,1772,1866,5274,90615,771
Operating expenses(7,162)(5,549)(5,109)(5,177)(4,773)(5,516)
Other undisclosed operating loss      
Operating income (loss):(210)5,628(2,923)1,35013310,255
Nonoperating income   30010,300 
Investment income, nonoperating    30010,300 
Other nonoperating income      
Interest and debt expense      
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(210)5,628(2,923)1,65010,43310,255
Income (loss) from equity method investments(1,062)  2,680  
Other undisclosed income (loss) from continuing operations before income taxes1,062  (2,980)(10,300) 
Income (loss) from continuing operations before income taxes:(210)5,628(2,923)1,35013310,255
Income tax expense      
Income (loss) from continuing operations:(210)5,628(2,923)1,35013310,255
Income before gain (loss) on sale of properties:10,255
Loss from discontinued operations      
Net income (loss):(210)5,628(2,923)1,35013310,255
Net income attributable to noncontrolling interest      
Net income (loss) attributable to parent:(210)5,628(2,923)1,35013310,255
Preferred stock dividends and other adjustments (447)(447)(444)(447)(447)(447)
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(657)5,181(3,367)903(314)9,808

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(210)5,628(2,923)1,35013310,255
Other comprehensive loss      
Comprehensive income (loss):(210)5,628(2,923)1,35013310,255
Comprehensive income, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(210)5,628(2,923)1,35013310,255

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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