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FG Financial Group, Inc. is a reinsurance and investment management holding company listed on Nasdaq under the ticker FGF, with preferred shares traded under FGFPP. The company was originally incorporated as 1347 Property Insurance Holdings, and its rebranding to FG Financial Group was completed in December 2020 to reflect a new corporate strategy focused on reinsurance and capital allocation.
Its portfolio of products and services includes collateralized and loss-capped reinsurance structures, risk management solutions, investment management, and a SPAC/merchant banking platform that allocates capital to special purpose acquisition companies and provides administrative and regulatory services to sponsored SPACs.
The company’s operations are primarily based in the United States, headquartered in St. Petersburg, Florida, with activities centered on reinsurance underwriting and portfolio management, SPAC structuring, and capital deployment.
Key market factors influencing performance include risk profile and loss ratios in the insurance and reinsurance segments, volatility in capital markets, funding costs, financial and insurance regulatory frameworks, and demand for reinsurance solutions and alternative financing through SPACs. The adoption of structured reinsurance and alternative risk-distribution models also plays a relevant role.
Operational scale is modest in terms of traditional staffing, with a relatively small number of direct employees, while activities are executed through subsidiaries and affiliates in reinsurance, asset management and SPAC-related vehicles.
The company’s operational framework integrates reinsurance underwriting, portfolio management, regulatory support and SPAC services, with headquarters in St. Petersburg, Florida, and the use of affiliates and subsidiaries to execute reinsurance contracts, risk management activities and capital-focused operations.
Its primary trading symbol is FGF, with preferred shares listed under FGFPP, both on Nasdaq.
History and Foundation
The company was founded in 2012 in the United States under the original name 1347 Property Insurance Holdings, initially focused on the insurance sector.In its early years, challenges included corporate restructuring, defining its business model, and transitioning into a reinsurance and investment holding company. Key milestones included establishing a foundation for specialized reinsurance operations and developing financial partnerships.
Growth accelerated as the company adopted a capital-allocation strategy centered on SPACs and built out its merchant banking platform, expanding its scope beyond traditional reinsurance.
A major milestone occurred in December 2020 with the corporate name change to FG Financial Group, signaling the updated strategy and structure. In 2021, the company completed a public offering of common shares to raise capital for business expansion.
Between 2020 and 2024, notable developments included the launch of its merchant banking division, the formation of its real estate subsidiary (FG Communities), participation in SPACs with completed business combinations, and strategic adjustments in capital allocation, reflecting adaptation to a macroeconomic environment characterized by volatility and opportunities in structured reinsurance.
Additional Information
The Company FG Financial Group Inc. (United States), is listed on Nasdaq with a market value of $ 187.94 Millions, having an equity of $ 42.67 Millions.
With a total of 3 employees, the company is listed in the sector of Financial and categorized in industry of Insurance.
In the last 12 months the Company had a revenue of $ 23.48 Millions, which generated a profit in the amount of $ -5.11 Millions.
As for its main indicators, the Company has a P/E ratio of -36.76, a P/BV ratio of 4.40 and in the last 12 months the dividend yield of FGFPP was at 10.96%.
The Company is traded internationally through the ticker FGFPP.
