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FGF 
FG Financial Group (FGF)
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Upturn Advisory Summary
10/10/2025: FGF (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -77.68% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/10/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 20.37M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.33 | 52 Weeks Range 14.21 - 38.40 | Updated Date 06/29/2025 |
52 Weeks Range 14.21 - 38.40 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -22.47 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -48.88% | Operating Margin (TTM) -2257.65% |
Management Effectiveness
Return on Assets (TTM) -15.98% | Return on Equity (TTM) -40.66% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 40483843 | Price to Sales(TTM) 1.54 |
Enterprise Value 40483843 | Price to Sales(TTM) 1.54 | ||
Enterprise Value to Revenue 3.05 | Enterprise Value to EBITDA - | Shares Outstanding 1272320 | Shares Floating 800798 |
Shares Outstanding 1272320 | Shares Floating 800798 | ||
Percent Insiders 15.33 | Percent Institutions 34.15 |
Upturn AI SWOT
FG Financial Group
Company Overview
History and Background
FG Financial Group, Inc. (FGF) is a holding company engaged in reinsurance and investment management. It was formed in 2013 and has grown through strategic acquisitions and organic initiatives focusing on niche financial service areas.
Core Business Areas
- Reinsurance: Provides reinsurance services to property and casualty insurers, specializing in quota share and excess of loss treaties.
- Investment Management: Manages a diverse portfolio of investments, including real estate, fixed income, and alternative assets. Operates and invests in the SPAC space.
- Other: Includes activities related to direct investments and corporate operations.
Leadership and Structure
Larry G. Swets, Jr. serves as the Chief Executive Officer. The company has a board of directors overseeing strategic direction and corporate governance.
Top Products and Market Share
Key Offerings
- Quota Share Reinsurance: Reinsurance policies where FG Financial shares a predetermined percentage of the premiums and losses of an insurance company. Market share data specific to FGF's niche is not readily available. Competitors include larger reinsurance companies like Swiss Re, Munich Re, and various specialty reinsurance providers.
- Excess of Loss Reinsurance: Reinsurance that provides coverage to insurance companies when losses exceed a certain threshold. Market share data specific to FGF's niche is not readily available. Competitors include larger reinsurance companies like Swiss Re, Munich Re, and various specialty reinsurance providers.
- Investment Portfolio Returns: Returns generated from the company's investments in various asset classes. Performance varies based on market conditions and investment strategy. Competitors are other investment management firms.
Market Dynamics
Industry Overview
The reinsurance industry is highly competitive and cyclical, influenced by factors like catastrophic events, interest rates, and regulatory changes. The investment management industry is also highly competitive, impacted by market performance and investor sentiment.
Positioning
FG Financial Group occupies a niche position focusing on specific reinsurance contracts and opportunistic investments. It leverages its expertise to generate returns in specialized areas. Their competitive advantage lies in the smaller size and ability to take advantage of smaller reinsurance programs and SPACs.
Total Addressable Market (TAM)
The global reinsurance market is estimated to be hundreds of billions of dollars. FG Financial Group's TAM is a fraction of this, focusing on its niche reinsurance segments and investment opportunities. They are positioned to capitalize on smaller programs that larger companies can't benefit from.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Niche market focus
- Diversified investment portfolio
- Disciplined underwriting approach
Weaknesses
- Small size compared to competitors
- Concentration risk in specific reinsurance markets
- Volatility in investment performance
- Reliance on key personnel
Opportunities
- Expansion into new reinsurance markets
- Strategic acquisitions
- Increased demand for reinsurance coverage
- Growing investment management business
Threats
- Increased competition
- Catastrophic events impacting reinsurance payouts
- Economic downturn affecting investment returns
- Regulatory changes
Competitors and Market Share
Key Competitors
- BRK.A
- WRB
- RE
Competitive Landscape
FG Financial Group competes with larger reinsurance and investment management companies. It focuses on niche markets to differentiate itself.
Major Acquisitions
Kingsway Agency Partners
- Year: 2021
- Acquisition Price (USD millions): 12.3
- Strategic Rationale: Expanding agency partnerships and market access.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by strategic acquisitions and organic growth in the reinsurance and investment management segments.
Future Projections: Future growth depends on market conditions, reinsurance pricing, and investment performance. Analyst estimates vary.
Recent Initiatives: Recent initiatives may include expanding into new reinsurance markets, making strategic investments, and strengthening partnerships.
Summary
FG Financial Group is a smaller player in the reinsurance and investment management space. Its strength lies in its niche focus and experienced management, but its small size and reliance on market conditions present challenges. Strategic acquisitions and expansion into new markets are key to future growth. Potential investors should monitor financial performance and reinsurance payout activity.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Press Releases
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FG Financial Group
Exchange NASDAQ | Headquaters Mooresville, NC, United States | ||
IPO Launch date 2014-04-01 | Chairman of the Board & CEO Mr. Daniel Kyle Cerminara C.F.A., CFA | ||
Sector Financial Services | Industry Insurance - Diversified | Full time employees 130 | Website https://fundamentalglobal.com |
Full time employees 130 | Website https://fundamentalglobal.com | ||
Fundamental Global Inc. engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. Fundamental Global Inc. was founded in 1932 and is based in Mooresville, North Carolina.
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