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FG Financial (FGF) - 2020 Q3 - Quarterly Report
2020-11-16 22:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share PIH The Nasdaq Stock Market LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per sharePIHPP The Nasdaq Stock Market LLC Large accelerated filer [ ] Accelerated filer [ ]Non-accelerated filer [X] Smaller Reporting Company [X] Emerging Growth Company [ ] FORM 10-Q (Mark One) [X]QUARTERLY REPORT PURSUANT ...
FG Financial (FGF) - 2020 Q2 - Quarterly Report
2020-08-14 12:30
PART I. FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) The company reported a significant net loss for the first half of 2020, primarily due to unrealized losses on equity investments, with total assets decreasing [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2020, total assets were **$51.8 million**, a decrease from **$63.5 million** at December 31, 2019, primarily due to a significant drop in the fair value of equity securities, leading to a decrease in shareholders' equity Consolidated Balance Sheet Highlights ($ in thousands) | Account | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$51,821** | **$63,454** | | Equity securities, at fair value | $19,628 | $29,487 | | Cash and cash equivalents | $25,638 | $28,509 | | **Total Liabilities** | **$370** | **$539** | | **Total Shareholders' Equity** | **$51,451** | **$62,915** | [Consolidated Statements of Operations and Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) For the six months ended June 30, 2020, the company reported a net loss from continuing operations of **$10.9 million**, primarily driven by a **$9.3 million** net investment loss from unrealized losses on equity securities Statement of Operations Summary ($ in thousands, except per share data) | Metric | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | | Total Revenue | $(9,223) | $734 | | Net Investment Income (Loss) | $(9,277) | $734 | | General & Administrative Expenses | $2,310 | $1,641 | | **Net Loss from Continuing Operations** | **$(10,868)** | **$(757)** | | Net Loss from Discontinued Operations | $– | $(3,677) | | **Net Loss** | **$(10,868)** | **$(4,434)** | | **Loss Per Share (Continuing)** | **$(1.91)** | **$(0.24)** | [Consolidated Statement of Cash Flows](index=7&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2020, net cash used in operating activities was **$2.3 million**, a significant shift from the prior-year period, resulting in a **$2.9 million** decrease in cash and cash equivalents Cash Flow Summary ($ in thousands) | Activity | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | | Net cash provided (used) by operating activities | $(2,262) | $19 | | Net cash provided by investing activities | $91 | $2,663 | | Net cash used by financing activities | $(700) | $(721) | | **Net (decrease) increase in cash** | **$(2,871)** | **$1,961** | | **Cash at end of period** | **$25,638** | **$32,863** | [Notes to Financial Statements](index=8&type=section&id=Notes%20to%20Financial%20Statements) The notes detail the company's transformation into a holding company focused on reinsurance, investment management, and real estate following the December 2019 sale of its insurance business - On December 2, 2019, the company completed the sale of its insurance subsidiaries (the "Maison Business") to FedNat Holding Company for **$51.0 million**, consisting of **$25.5 million** in cash and **$25.5 million** in FedNat common stock[19](index=19&type=chunk)[20](index=20&type=chunk) - The company is implementing a new business plan to operate as a diversified holding company named "Fundamental Global Financial Corporation" (FGFC), focusing on insurance (reinsurance), asset management, and real estate[30](index=30&type=chunk) - The company formed a reinsurance subsidiary, Fundamental Global Reinsurance Ltd. ("FGRe"), in the Cayman Islands, capitalized with **$5.0 million** in July 2020[31](index=31&type=chunk) - The company entered into a Shared Services Agreement with an affiliate of its largest shareholder, FGI, to provide management services for a quarterly fee of **$456 thousand**[119](index=119&type=chunk)[141](index=141&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the company's transition to a diversified holding company, highlighting decreased assets due to investment losses, a significant net loss, and strong liquidity from the Asset Sale proceeds [Overview and Business Strategy](index=32&type=section&id=MD%26A_Overview) Following the sale of its insurance operations, the company is repositioning as a diversified holding company, focusing on specialty reinsurance, asset management, and real estate acquisitions - The company completed the sale of its Maison Business to FedNat on December 2, 2019, for **$51 million** in cash and stock[157](index=157&type=chunk)[158](index=158&type=chunk) - The company is implementing a new business plan to operate as a diversified holding company focusing on three primary avenues: insurance, asset management, and real estate[169](index=169&type=chunk) - A wholly-owned reinsurance subsidiary, Fundamental Global Reinsurance Ltd. (FGRe), has been formed and licensed in the Cayman Islands[170](index=170&type=chunk) [Analysis of Financial Condition](index=37&type=section&id=MD%26A_Financial_Condition) The company's financial condition as of June 30, 2020, is characterized by a decrease in total investments to **$23.6 million** due to a decline in FedNat stock value, and a corresponding drop in shareholders' equity Investment Portfolio ($ in thousands) | Type of Investment | Carrying Amount (June 30, 2020) | Carrying Amount (Dec 31, 2019) | | :--- | :--- | :--- | | FedNat common stock | $19,628 | $29,487 | | Limited liability investments | $4,009 | $4,005 | | **Total investments** | **$23,637** | **$33,492** | - As of June 30, 2020, the company had gross deferred tax assets of **$2,004 thousand** but recorded a full valuation allowance against them due to uncertainty about future realization[207](index=207&type=chunk) - Shareholders' equity decreased by **$11.5 million** during the first six months of 2020, primarily due to a net loss of **$10.9 million** and payment of **$0.7 million** in preferred dividends[229](index=229&type=chunk) [Results of Operations](index=42&type=section&id=MD%26A_Results_of_Operations) For the six months ended June 30, 2020, the company's net loss from continuing operations was **$10.9 million**, primarily due to a **$9.3 million** net investment loss from unrealized losses on FedNat stock Net Investment Income (Loss) Components ($ in thousands) | Component | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | | Unrealized holding loss on FNHC common stock | $(9,858) | $– | | Dividend income from FNHC common stock | $319 | $– | | Interest on surplus notes issued by Maison | $– | $913 | | **Total Net Investment Income (Loss)** | **$(9,277)** | **$734** | - General and administrative expenses increased to **$2.3 million** for the first six months of 2020 from **$1.6 million** in 2019, primarily due to a **$456 thousand** quarterly fee under the Shared Services Agreement and costs no longer being part of discontinued operations[235](index=235&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=MD%26A_Liquidity_and_Capital_Resources) The company's liquidity is primarily sourced from **$24.8 million** in net cash proceeds from the Asset Sale, with cash and cash equivalents at **$25.6 million** as of June 30, 2020 - The company received net cash proceeds of **$24.8 million** from the Asset Sale transaction[250](index=250&type=chunk) Summary of Cash Flows ($ in thousands) | Activity | Six Months Ended June 30, 2020 | | :--- | :--- | | Net cash used by operating activities | $(2,262) | | Net cash provided by investing activities | $91 | | Net cash used by financing activities | $(700) | | **Net decrease in cash** | **$(2,871)** | [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This section is not applicable for the reporting period - The company has indicated that this item is not applicable[254](index=254&type=chunk) [Controls and Procedures](index=47&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes to internal control over financial reporting - The principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures were effective as of June 30, 2020[255](index=255&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2020, that materially affected, or are reasonably likely to materially affect, internal controls[256](index=256&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=47&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in legal proceedings and litigation in the ordinary course of business, with unpredictable outcomes - The company is involved in legal proceedings and litigation arising in the ordinary course of business, but it is not possible to predict the outcomes[257](index=257&type=chunk) [Risk Factors](index=47&type=section&id=ITEM%201A.%20RISK%20FACTORS) The company's risks, exacerbated by the COVID-19 pandemic, include adverse global economic conditions and significant losses on its FedNat common stock investment - Risks identified in the 2019 Form 10-K are, and will be further, exacerbated by the impact of the COVID-19 pandemic[258](index=258&type=chunk) - The COVID-19 pandemic has adversely affected the business and could continue to do so, particularly through significant losses in the value of its investment in FedNat common stock[263](index=263&type=chunk) - The full impact of the COVID-19 pandemic on future results is difficult to predict due to its dynamic nature and the uncertainty of economic recovery[264](index=264&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) There were no unregistered sales of equity securities during the period - None[265](index=265&type=chunk) [Exhibits](index=49&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the report, including corporate governance documents, a new consulting agreement, and officer certifications
FG Financial (FGF) - 2020 Q1 - Quarterly Report
2020-05-14 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share PIH The Nasdaq Stock Market LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share PIHPP The Nasdaq Stock Market LLC Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X] Smaller Reporting Company [X] Emerging Growth Company [ ] FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUA ...
FG Financial (FGF) - 2019 Q4 - Annual Report
2020-03-30 20:07
Business Sale and Transition - The company completed the sale of its Maison Business to FedNat Holding Company for a total consideration of $51.0 million, consisting of $25.5 million in cash and $25.5 million in FedNat's common stock[121][122]. - Following the sale, the company plans to operate as a diversified holding company focusing on reinsurance and investment management, with a proposed name change to "Fundamental Global Financial Corporation" pending stockholder approval[123]. - The company has classified the operations of Maison, MMI, and ClaimCor as discontinued operations in its financial statements due to the sale completed on December 2, 2019[147]. - The company completed the sale of its three former wholly-owned subsidiaries on December 2, 2019, classifying the Maison Business as discontinued operations[199]. - The pre-tax gain on the sale of the Maison Business was $9,083, with a net gain of $7,066 after tax[200]. - Total cash consideration received from the sale of the Maison Business amounted to $25,500, with additional cash of $18,728 for surplus notes repayment[211]. - The company incurred total pre-tax reductions of $41,917 related to the sale of the Maison Business[200]. Financial Performance - Net income for the year ended December 31, 2019, was $311, compared to $804 in 2018, reflecting a decrease of 61.2%[202]. - The net loss from discontinued operations for 2019 was $2,072, contrasting with a gain of $2,078 in 2018[202]. - Diluted earnings per share from continuing operations for 2019 were $0.16, compared to a loss of $0.40 in 2018[202]. - The company had a net loss attributable to common shareholders of $0.18 per share in 2019, compared to a loss of $0.05 per share in 2018[202]. Tax and Deferred Tax - As of December 31, 2019, the company reported a net deferred tax liability of $106, with no valuation allowance established for deferred tax assets[138]. - The company's net deferred tax asset decreased from $265 million in 2018 to a net deferred liability of $106 million in 2019, primarily due to the sale of the Maison Business[164]. - Current income taxes recoverable increased to $1,265 million as of December 31, 2019, compared to a payable of $932 million in 2018[163]. - The company recorded an income tax expense of $267 for the year ended December 31, 2019, compared to an income tax benefit of $(518) in 2018[197]. Investments and Securities - The company has significant ownership interests, with KFSI and affiliates holding approximately 20% and Fundamental Global Investors, LLC holding about 45% of outstanding shares as of December 31, 2019[120]. - The estimated fair value of the company's 1,773,102 shares of FedNat common stock was $20,320 million as of March 26, 2020[152]. - As of December 31, 2019, the company held $33,492 million in total equity securities, a decrease from $82,560 million in 2018, reflecting a shift in investment strategy[154]. - The carrying amount of FNHC common stock was $29,487 million as of December 31, 2019, representing 88.0% of total equity securities[154]. - The company has recorded critical accounting estimates related to loss reserves and the valuation of securities, which could impact reported financial results[129]. - The company’s fixed income and equity securities are recorded at fair value, and any changes in estimated fair value could affect unrealized gains or losses[131]. - The company recorded a write-down of $215 million for an other-than-temporary impairment on a single equity investment for the year ended December 31, 2018, with no write-downs for 2019[161]. Cash Flow and Liquidity - The company reported a net cash outflow from operating activities of $20,638 for the year ended December 31, 2019, compared to an inflow of $24,794 in 2018[214]. - Cash and cash equivalents at the end of the period were $28,509, down from $30,902 at the end of 2018[214]. - The company had a total potential commitment of $935 million related to limited liability investments, with approximately $776 million drawn down as of December 31, 2019[155]. - The company received profit distributions of $91 million from its limited liability investments for the year ended December 31, 2019[155]. Expenses and Dividends - General and administrative expenses increased by $1,331 to $2,476 for the year ended December 31, 2019, compared to $1,145 in 2018[193]. - The company declared dividends totaling $1,400 for the Series A Preferred Stock for the year ended December 31, 2019, compared to $1,108 in 2018[183]. - The Series A Preferred Stock has a cumulative dividend rate of 8.00% per annum, equating to $2.00 per share per year[183]. COVID-19 Impact - The company is actively monitoring the impact of the COVID-19 pandemic on its operations, although it does not anticipate any material impact at this time[126][128]. Corporate Governance - The company intends to change its ticker symbols to "FGI" for common stock and "FGIPP" for preferred stock following the name change[123]. - The company has entered into an Investment Advisory Agreement with an annual fee of $100 to provide investment advisory services[181]. - The company increased its non-revolving line of credit to $17,000 as of November 29, 2019[210].
FG Financial (FGF) - 2019 Q3 - Quarterly Report
2019-11-14 21:02
PART I. FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) Financial statements classify core insurance operations as discontinued, reporting an **$8.0 million net loss** for the nine months ended September 30, 2019, with decreased assets and equity - The company entered an Equity Purchase Agreement to sell its insurance operations (Maison, MMI, and ClaimCor), classifying them as discontinued operations for all presented periods[27](index=27&type=chunk)[29](index=29&type=chunk) Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | Total Assets | $164,088 | $169,798 | | Assets of discontinued operations | $138,700 | $144,569 | | Total Liabilities | $108,405 | $107,051 | | Liabilities of discontinued operations | $102,809 | $103,319 | | Total Shareholders' Equity | $55,683 | $62,747 | Consolidated Statement of Operations Highlights (in thousands) | Metric | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net loss from continuing operations | $(817) | $(1,489) | | Net (loss) income from discontinued operations | $(7,152) | $1,461 | | **Net Loss** | **$(7,969)** | **$(28)** | | Loss per share attributable to common shareholders | $(1.50) | $(0.13) | Consolidated Cash Flow Highlights (in thousands) | Activity | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net cash (used) provided by operating activities | $(6,231) | $21,496 | | Net cash provided (used) by investing activities | $12,977 | $(27,187) | | Net cash (used) provided by financing activities | $(1,082) | $12,140 | | **Net increase in cash and cash equivalents** | **$5,664** | **$6,449** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the pending sale of insurance operations, a strategic pivot to reinsurance, and a deteriorated net loss ratio of **80.7%** due to catastrophe losses [Equity Purchase Agreement with FedNat Holding Company](index=42&type=section&id=Equity%20Purchase%20Agreement%20with%20FedNat%20Holding%20Company) The company agreed to sell its insurance subsidiaries for **$51 million**, pivoting to reinsurance and investment management, including a **5-year** reinsurance right of first refusal - The sale consideration is **$51 million**, split equally between cash and FedNat common stock, plus the repayment of up to **$18 million** in surplus notes with accrued interest[205](index=205&type=chunk) - Following the sale, the company plans a new growth strategy focused on reinsurance, investment management, and new investment opportunities, utilizing its subsidiary PIH Re[209](index=209&type=chunk) - The deal includes a **5-year** Reinsurance Right of First Refusal Agreement, allowing the company to sell up to **7.5%** of any layer in FedNat's catastrophe reinsurance program, capped at **$15 million** annually[211](index=211&type=chunk) [Analysis of Financial Condition](index=47&type=section&id=Analysis%20of%20Financial%20Condition) Total assets decreased to **$164.1 million** and shareholders' equity to **$55.7 million** as of September 30, 2019, driven by an **$8.0 million net loss** and increased loss reserves - Gross loss and loss adjustment expense reserves increased to **$17.8 million** as of September 30, 2019, from **$15.2 million** at year-end 2018, mainly due to wind and hail events in the first and second quarters of 2019[296](index=296&type=chunk) - The company anticipates total incurred losses from Hurricane Harvey to be **$28.0 million gross** and **$5.0 million net** of reinsurance. Losses from a major Q1 2019 hailstorm are expected to be **$22.0 million gross** and **$0 net** of reinsurance[297](index=297&type=chunk) Changes in Shareholders' Equity (in thousands) | Description | Amount | | :--- | :--- | | Balance, January 1, 2019 | $62,747 | | Net loss | $(7,969) | | Dividends declared on Series A Preferred Stock | $(1,050) | | Unrealized gains on investment portfolio (net) | $1,783 | | Stock compensation expense | $162 | | Adoption of new accounting standards | $10 | | **Balance, September 30, 2019** | **$55,683** | [Results of Operations](index=60&type=section&id=Results%20of%20Operations) The company reported an **$8.0 million net loss** for the nine months ended September 30, 2019, driven by a **$7.2 million loss** from discontinued operations and an **80.7%** net loss ratio from catastrophe events Gross Premiums Written by State (in thousands) | State | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | Change | | :--- | :--- | :--- | :--- | | Louisiana | $36,692 | $37,720 | $(1,028) | | Texas | $26,928 | $28,258 | $(1,330) | | Florida | $11,534 | $4,605 | $6,929 | | **Total** | **$75,154** | **$70,583** | **$4,571** | Underwriting Ratios (Discontinued Operations) | Ratio | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net Loss Ratio | 80.7% | 50.2% | | Catastrophe Loss Ratio | 26.7% | 17.3% | | Weather-related Non-catastrophe Loss Ratio | 33.3% | 13.2% | - The increase in the net loss ratio was primarily driven by catastrophe losses of **$10.9 million** and weather-related non-catastrophe losses of **$13.6 million** for the nine months ended September 30, 2019, largely from hailstorms in Texas[344](index=344&type=chunk)[345](index=345&type=chunk) [Liquidity and Capital Resources](index=65&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and cash equivalents increased to **$36.6 million** as of September 30, 2019, driven by investing activities, offsetting operating cash usage, and a new **$7.0 million** line of credit was secured - On September 30, 2019, the company made a **$7.0 million** capital contribution to its subsidiary, Maison, to ensure it met minimum capital surplus requirements in Louisiana and Florida, resulting in a capital surplus of **$40.4 million**[361](index=361&type=chunk) - The company entered into a new **$7.0 million** non-revolving line of credit on August 20, 2019, which expires upon the earlier of January 20, 2020, or the closing of the Asset Sale. The line was undrawn as of the report date[363](index=363&type=chunk)[364](index=364&type=chunk) Summary of Cash Flows (in thousands) | Activity | Nine Months Ended Sep 30, 2019 | | :--- | :--- | | Net cash used by operating activities | $(6,231) | | Net cash provided by investing activities | $12,977 | | Net cash used by financing activities | $(1,082) | | **Net increase in cash and cash equivalents** | **$5,664** | [Quantitative and Qualitative Disclosures About Market Risk](index=67&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company has indicated that this section is not applicable - The company states that quantitative and qualitative disclosures about market risk are not applicable for this reporting period[380](index=380&type=chunk) [Controls and Procedures](index=67&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of September 30, 2019 - Based on an evaluation as of September 30, 2019, the principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective[381](index=381&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended September 30, 2019, that have materially affected, or are reasonably likely to materially affect, internal controls[382](index=382&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=67&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in various legal proceedings and litigation that arise in the ordinary course of business - The company is involved in legal proceedings and litigation arising in the ordinary course of business, but the outcomes and potential financial impact cannot be reasonably estimated at this time[383](index=383&type=chunk) [Risk Factors](index=67&type=section&id=ITEM%201A.%20RISK%20FACTORS) There have been no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2018 - No material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2018, have been reported[384](index=384&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company reported no unregistered sales of equity securities during the period - None[385](index=385&type=chunk) [Defaults Upon Senior Securities](index=67&type=section&id=ITEM%203.%20DEFAULTS%20UPON%20SENIOR%20SECURITIES) The company reported no defaults upon senior securities during the period - None[386](index=386&type=chunk) [Mine Safety Disclosures](index=68&type=section&id=ITEM%204.%20MINE%20SAFETY%20DISCLOSURES) This item is not applicable to the company - Not applicable[389](index=389&type=chunk) [Other Information](index=68&type=section&id=ITEM%205.%20OTHER%20INFORMATION) The company reported no other information for the period - None[390](index=390&type=chunk) [Exhibits](index=68&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the Form 10-Q, including corporate governance documents, loan agreements, and officer certifications
FG Financial (FGF) - 2019 Q2 - Quarterly Report
2019-08-14 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share PIH The Nasdaq Stock Market LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share PIHPP The Nasdaq Stock Market LLC Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X] Smaller Reporting Company [X] Emerging Growth Company [X] FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUA ...
FG Financial (FGF) - 2019 Q1 - Quarterly Report
2019-05-14 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller Reporting Company [X] Emerging Growth Company [X] Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per PIH The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2019 ...
FG Financial (FGF) - 2018 Q4 - Annual Report
2019-03-20 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _______________________ Commission file number 001-36366 | --- | --- | |------------------------------------------------------------------------- ...