Welcome to our dedicated page for Fundamental Global news (Ticker: FGF), a resource for investors and traders seeking the latest updates and insights on Fundamental Global stock.
Fundamental Global Inc., trading under the stock symbol FGF, is a diversified holding company with a significant focus on insurance, reinsurance, and investment management. Incorporated in Delaware, the company has expanded its reach and capabilities through its various subsidiaries. Fundamental Global Inc. primarily operates in two segments: Insurance and Asset Management, with the Insurance segment being the main revenue driver.
One of the company's key subsidiaries is Maison Insurance Company, a wholly-owned entity that began providing property and casualty insurance in Louisiana in December 2012 and later expanded its services to Texas. Maison Insurance offers a range of insurance products including homeowners' insurance, manufactured home insurance, wind and hail coverage, and dwelling fire insurance. The company has identified Louisiana and Texas as historically underserved markets due to the unique weather-related risks prevalent in these regions.
Fundamental Global Inc. has been recognized for its strategic growth and ability to navigate complex markets. Recent achievements include expanding its insurance offerings and strengthening its investment management portfolio. The company continues to pursue new opportunities and partnerships to enhance its service offerings and shareholder value.
Fundamental Global Inc. is committed to providing quality insurance solutions and generating sustainable returns through strategic asset management. Investors interested in the latest updates and relevant information about the company's performance, events, and developments can find detailed news and insights on the StockTitan platform.
FG Financial Group (Nasdaq: FGF) reported strong growth for 2022, with net premiums earned rising to $13.0 million from $4.9 million in 2021. The fourth quarter saw net premiums increase to $3.2 million, up from $2.6 million. Net investment income also improved significantly, reaching $6.8 million for the year, up from $2.5 million. The company maintained its record of paying the 8% Series A Preferred Share dividend, marking the 19th consecutive quarter of full payments. Despite a net loss of $0.70 million for the year, this reflects substantial improvement from a loss of $10.2 million in 2021.
FG Financial Group, Inc. (Nasdaq: FGF) has declared a quarterly cash dividend of
FG Financial Group has announced the formation of Craveworthy LLC, a new restaurant brand platform, in partnership with former Jimmy John's CEO Gregg Majewski. This initiative is the second project under FG Financial's recently launched Merchant Banking division. The initial platform will include four brands: Wing It On!, Krafted Burger + Tap, The Budlong Hot Chicken, and The Lucky Cat Poke Company, featuring six owned and thirteen franchise locations, with an additional eighteen franchises in development. The focus is on expanding royalty and franchise fee revenue while exploring further acquisition opportunities.
FG Financial Group, Inc. (Nasdaq: FGF) announced the formation of a reinsurance sidecar, FG Re Investors I LLC, via its subsidiary FG Reinsurance Ltd, aiming to enhance its reinsurance portfolio. This initiative will attract third-party investor capital and is supported by Castle Placement, LLC as the exclusive placement agent. CEO Larry Swets highlighted the strong reinsurance market, while Chairman Kyle Cerminara noted the potential for new revenue streams via fee income from the existing platform.
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