Fundamental Global Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
FGNXP$25.99+4.4%Stored close · as of Sep 25, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
($ in thousands, except per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Equity securities, at fair value (cost basis of $1,916 and $889, respectively) | $4,552 | $841 |
| Other investments | 26,301 | 24,839 |
| Cash and cash equivalents | 2,396 | 3,010 |
| Deferred policy acquisition costs | 1,660 | 1,527 |
| Reinsurance balances receivable (net of current expected losses allowance of $96 and zero, respectively) | 21,571 | 9,269 |
| Funds deposited with reinsured companies | 8,002 | 9,277 |
| Other assets | 1,254 | 712 |
| Total assets | $65,736 | $49,475 |
| LIABILITIES | ||
| Loss and loss adjustment expense reserves | $9,016 | $4,409 |
| Unearned premium reserves | 13,476 | 6,823 |
| Accounts payable | 206 | 723 |
| Other liabilities | 546 | 225 |
| Total liabilities | 23,244 | 12,180 |
| Commitments and contingencies (Note 12) | - | |
| SHAREHOLDERS’ EQUITY | ||
| Series A Preferred Shares, $25.00 par and liquidation value, 1,000,000 shares authorized; 894,580 and 894,580 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 22,365 | 22,365 |
| Common stock, $0.001 par value; 100,000,000 and 100,000,000 shares authorized; 10,558,931 and 9,410,473 shares issued as of December 31, 2023 and 2022, respectively, and, 10,558,931 and 9,410,473 shares outstanding as of December 31, 2023 and 2022, respectively | 10 | 9 |
| Additional paid-in capital | 53,264 | 50,021 |
| Accumulated deficit | (33,147) | (35,100) |
| Total shareholders’ equity | 42,492 | 37,295 |
| Total liabilities and shareholders’ equity | $65,736 | $49,475 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.