FG Financial Group, Inc. (FGF) financial statements (2022 and earlier)

Company profile

Business Address 360 CENTRAL AVE
ST. PETERSBURG, FL 33701
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,42420,67457,99631,37623,99243,24149,106
Cash and cash equivalents15,54212,13228,50930,90223,57543,04547,957
Short-term investments16,8828,54229,4874744171961,149
Receivables3,8531,7241,265    
Total current assets:36,27722,39859,26131,37623,99243,24149,106
Noncurrent Assets
Property, plant and equipment   315205250234
Long-term investments and receivables   6,5503,6521,641248
Long-term investments   6,5503,6521,641248
Intangible assets, net (including goodwill)      6
Intangible assets, net (excluding goodwill)      6
Total noncurrent assets:   6,8653,8571,891488
Other undisclosed assets4,55212,3074,193109,68286,58845,71732,489
TOTAL ASSETS:40,82934,70563,454147,923114,43790,84982,083
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Contract with customer, liability1,840
Total current liabilities:   1,840   
Noncurrent Liabilities
Liabilities, other than long-term debt57557139 2,8402,7082,593
Deferred income tax liabilities  106
Financial instruments subject to mandatory redemption, settlement terms, share value, amount    2,8402,7082,593
Other liabilities5755733    
Total noncurrent liabilities:57557139 2,8402,7082,593
Other undisclosed liabilities6,24545540083,33664,79541,78431,984
Total liabilities:6,82051253985,17667,63544,49234,577
Stockholders' equity
Stockholders' equity attributable to parent, including:34,00934,19362,91562,74746,80246,35747,506
Preferred stock22,36517,50017,50017,500   
Common stock66666  
Treasury stock, value (6,185)(1,009)(1,009)(1,009)(1,009)(1,731)
Additional paid in capital46,03747,06546,75446,34047,06446,80948,688
Accumulated other comprehensive loss   (729)(169)(65)(62)
Retained earnings (accumulated deficit)(34,399)(24,193)(336)639910616605
Other undisclosed stockholders' equity attributable to parent     66
Total stockholders' equity:34,00934,19362,91562,74746,80246,35747,506
TOTAL LIABILITIES AND EQUITY:40,82934,70563,454147,923114,43790,84982,083

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,864 5,59758,22038,14832,25627,130
Premiums earned, net4,864  54,357
Net investment income2,545(17,260)5,5871,617965544362
Financial services revenue35,20230,44825,934
Cost of revenue   (27,413)(15,900)(16,372)(9,939)
Policyholder benefits and claims incurred, net   (27,413)
Financial services costs(15,900)(16,372)(9,939)
Gross profit:4,864 5,59730,80722,24815,88417,191
Operating expenses(14,928)(5,966)(2,476)(57,934)(36,656)(32,137)(29,466)
Operating income (loss):(10,064)(23,122)3,121(27,127)(14,408)(16,253)(12,275)
Nonoperating income
(Investment Income, Nonoperating)
2,646      
Other undisclosed income from continuing operations before equity method investments, income taxes   27,41315,90016,3729,939
Income (loss) from continuing operations before equity method investments, income taxes:(7,418)(23,122)3,1212861,492119(2,336)
Other undisclosed income from continuing operations before income taxes85      
Income (loss) from continuing operations before income taxes:(7,333)(23,122)3,1212861,492119(2,336)
Income tax expense (benefit) 665738518(1,198)(108)663
Other undisclosed loss from continuing operations  (1,476)    
Income (loss) from continuing operations:(7,333)(22,457)2,38380429411(1,673)
Income (loss) from discontinued operations145 (2,072)    
Net income (loss):(7,188)(22,457)31180429411(1,673)
Net loss attributable to noncontrolling interest(1,326)      
Net income (loss) attributable to parent:(8,514)(22,457)31180429411(1,673)
Preferred stock dividends and other adjustments(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:(10,206)(23,857)(1,089)(304)29411(1,673)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(7,188)(22,457)31180429411(1,673)
Other comprehensive income (loss)  1,342(527)(104)(3)(61)
Comprehensive income (loss):(7,188)(22,457)1,6532771908(1,734)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,326)      
Comprehensive income (loss), net of tax, attributable to parent:(8,514)(22,457)1,6532771908(1,734)

Statements sources

The financial statements are based on the company's filings with the 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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