In its Q123 results, FG Financial Group has reported that net reinsurance premiums earned increased to $3.7 million, from $2.5 million in the prior year quarter.
According to the firm, its reinsurance operations benefited from continued increase in net earned premiums, without incurring any major losses from large catastrophe events.
At the same time, FG recorded a net income attributable to common shareholders of $0.9 million, or $0.10 per fully diluted share for the quarter, compared to a loss of $4.3 million, or $(0.66) per fully diluted share for the first quarter of 2022.
