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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,53132,42420,67457,99631,37623,992
Cash and cash equivalents3,01015,54212,13228,50930,90223,575
Short-term investments26,52116,8828,54229,487474417
Receivables9,2693,8531,7241,265  
Total current assets:38,80036,27722,39859,26131,37623,992
Noncurrent Assets
Property, plant and equipment     315205
Long-term investments and receivables     6,5503,652
Long-term investments     6,5503,652
Total noncurrent assets:     6,8653,857
Other undisclosed assets10,6754,55212,3074,193109,68286,588
TOTAL ASSETS:49,47540,82934,70563,454147,923114,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Contract with customer, liability1,840
Total current liabilities:     1,840 
Noncurrent Liabilities
Liabilities, other than long-term debt22557557139 2,840
Deferred income tax liabilities    106
Financial instruments subject to mandatory redemption, settlement terms, share value, amount      2,840
Restructuring reserve      
Other liabilities2255755733  
Total noncurrent liabilities:22557557139 2,840
Other undisclosed liabilities11,9556,24545540083,33664,795
Total liabilities:12,1806,82051253985,17667,635
Equity
Equity, attributable to parent37,29534,00934,19362,91562,74746,802
Preferred stock22,36522,36517,50017,50017,500 
Common stock966666
Treasury stock, value   (6,185)(1,009)(1,009)(1,009)
Additional paid in capital50,02146,03747,06546,75446,34047,064
Accumulated other comprehensive loss     (729)(169)
Retained earnings (accumulated deficit)(35,100)(34,399)(24,193)(336)639910
Total equity:37,29534,00934,19362,91562,74746,802
TOTAL LIABILITIES AND EQUITY:49,47540,82934,70563,454147,923114,437

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,0954,864 5,59758,22038,148
Premiums earned, net12,9984,864  54,357
Net investment income6,7772,545(17,260)5,5871,617965
Financial services revenue35,202
Cost of revenue     (27,413)(15,900)
Policyholder benefits and claims incurred, net     (27,413)
Financial services costs(15,900)
Gross profit:20,0954,864 5,59730,80722,248
Operating expenses(19,007)(14,928)(5,966)(2,476)(57,934)(36,656)
Operating income (loss):1,088(10,064)(23,122)3,121(27,127)(14,408)
Nonoperating income
(Investment Income, Nonoperating)
10,3002,646    
Other undisclosed income from continuing operations before equity method investments, income taxes     27,41315,900
Income (loss) from continuing operations before equity method investments, income taxes:11,388(7,418)(23,122)3,1212861,492
Income from equity method investments7,618     
Other undisclosed income (loss) from continuing operations before income taxes(17,918)85    
Income (loss) from continuing operations before income taxes:1,088(7,333)(23,122)3,1212861,492
Income tax expense (benefit)   665738518(1,198)
Other undisclosed loss from continuing operations    (1,476)  
Income (loss) from continuing operations:1,088(7,333)(22,457)2,383804294
Income (loss) before gain (loss) on sale of properties:(7,188)(22,457)311804294
Income (loss) from discontinued operations  145 (2,072)  
Net income (loss):1,088(7,188)(22,457)311804294
Net loss attributable to noncontrolling interest  (1,326)    
Net income (loss) attributable to parent:1,088(8,514)(22,457)311804294
Preferred stock dividends and other adjustments(1,789)(1,692)(1,400)(1,400)  
Other undisclosed net loss available to common stockholders, basic     (1,108) 
Net income (loss) available to common stockholders, diluted:(701)(10,206)(23,857)(1,089)(304)294

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,088(7,188)(22,457)311804294
Other comprehensive income (loss)    1,342(527)(104)
Comprehensive income (loss):1,088(7,188)(22,457)1,653277190
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1,326)    
Comprehensive income (loss), net of tax, attributable to parent:1,088(8,514)(22,457)1,653277190

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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