FG Financial Group (FGF) - Net Assets
Based on the latest financial reports, FG Financial Group (FGF) has net assets worth $69.35 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($92.86 Million) and total liabilities ($23.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FG Financial Group liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $69.35 Million |
| % of Total Assets | 74.68% |
| Annual Growth Rate | 21.14% |
| 5-Year Change | 116.63% |
| 10-Year Change | 56.18% |
| Growth Volatility | 150.55 |
FG Financial Group - Net Assets Trend (2012–2024)
This chart illustrates how FG Financial Group's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of FG Financial Group for the complete picture of this company's asset base.
Annual Net Assets for FG Financial Group (2012–2024)
The table below shows the annual net assets of FG Financial Group from 2012 to 2024. For live valuation and market cap data, see FG Financial Group market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $74.20 Million | +100.49% |
| 2023-12-31 | $37.01 Million | -0.77% |
| 2022-12-31 | $37.30 Million | -45.94% |
| 2021-12-31 | $68.99 Million | +101.43% |
| 2020-12-31 | $34.25 Million | -45.56% |
| 2019-12-31 | $62.91 Million | +0.27% |
| 2018-12-31 | $62.75 Million | +34.07% |
| 2017-12-31 | $46.80 Million | +0.96% |
| 2016-12-31 | $46.36 Million | -2.42% |
| 2015-12-31 | $47.51 Million | -4.82% |
| 2014-12-31 | $49.91 Million | +533.27% |
| 2013-12-31 | $7.88 Million | +6.08% |
| 2012-12-31 | $7.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FG Financial Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 10900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $29.00K | 0.04% |
| Other Comprehensive Income | $1.11 Million | 1.49% |
| Other Components | $73.29 Million | 98.78% |
| Total Equity | $74.20 Million | 100.00% |
FG Financial Group Competitors by Market Cap
The table below lists competitors of FG Financial Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Priti International Limited
NSE:PRITI
|
$6.32 Million |
|
Trellidor Holdings Ltd
JSE:TRL
|
$6.32 Million |
|
Shiva Mills Limited
NSE:SHIVAMILLS
|
$6.33 Million |
|
Epsilon Healthcare Ltd
AU:EPN
|
$6.33 Million |
|
Tuniu Corporation
F:0TUA
|
$6.32 Million |
|
FOS Capital Ltd
AU:FOS
|
$6.32 Million |
|
Methanor
PA:ALMET
|
$6.32 Million |
|
Adya Inc
V:ADYA
|
$6.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FG Financial Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,149,000 to 74,197,000, a change of 39,048,000 (111.1%).
- Net loss of 1,155,000 reduced equity.
- Dividend payments of 1,411,000 reduced retained earnings.
- Share repurchases of 21,000 reduced equity.
- Other comprehensive income increased equity by 5,790,000.
- Other factors increased equity by 35,845,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.16 Million | -1.56% |
| Dividends Paid | $1.41 Million | -1.9% |
| Share Repurchases | $21.00K | -0.03% |
| Other Comprehensive Income | $5.79 Million | +7.8% |
| Other Changes | $35.84 Million | +48.31% |
| Total Change | $- | 111.09% |
Book Value vs Market Value Analysis
This analysis compares FG Financial Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $56.87 | $4.97 | x |
| 2013-12-31 | $60.33 | $4.97 | x |
| 2014-12-31 | $196.26 | $4.97 | x |
| 2015-12-31 | $188.91 | $4.97 | x |
| 2016-12-31 | $191.62 | $4.97 | x |
| 2017-12-31 | $195.99 | $4.97 | x |
| 2018-12-31 | $253.82 | $4.97 | x |
| 2019-12-31 | $261.34 | $4.97 | x |
| 2020-12-31 | $148.76 | $4.97 | x |
| 2021-12-31 | $163.10 | $4.97 | x |
| 2022-12-31 | $116.11 | $4.97 | x |
| 2023-12-31 | $87.87 | $4.97 | x |
| 2024-12-31 | $70.26 | $4.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FG Financial Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.66%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.48x
- Recent ROE (-1.56%) is above the historical average (-10.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -1.62% | -33.43% | 0.04x | 1.37x | $-863.00K |
| 2013 | -9.49% | -14.69% | 0.22x | 2.94x | $-1.54 Million |
| 2014 | 7.30% | 19.22% | 0.26x | 1.49x | $-1.35 Million |
| 2015 | -3.52% | -6.17% | 0.33x | 1.73x | $-6.42 Million |
| 2016 | 0.02% | 0.03% | 0.36x | 1.96x | $-4.62 Million |
| 2017 | 0.63% | 0.77% | 0.33x | 2.45x | $-4.39 Million |
| 2018 | 1.28% | 66.56% | 0.01x | 2.36x | $-5.47 Million |
| 2019 | 3.79% | 43.36% | 0.09x | 1.01x | $-3.91 Million |
| 2020 | -65.68% | 0.00% | -0.49x | 1.01x | $-25.88 Million |
| 2021 | -25.03% | -112.10% | 0.10x | 2.23x | $-11.91 Million |
| 2022 | 2.92% | 8.72% | 0.25x | 1.33x | $-2.64 Million |
| 2023 | -40.05% | -82.36% | 0.28x | 1.77x | $-17.59 Million |
| 2024 | -1.56% | -6.66% | 0.16x | 1.48x | $-8.57 Million |
Industry Comparison
This section compares FG Financial Group's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $56,502,905,408
- Average return on equity (ROE) among peers: 11.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FG Financial Group (FGF) | $69.35 Million | -1.62% | 0.34x | $6.32 Million |
| Arch Capital Group Ltd. (ACGL) | $24.21 Billion | 18.17% | 1.77x | $32.77 Billion |
| American International Group Inc (AIG) | $42.23 Billion | 24.21% | 11.47x | $41.34 Billion |
| Brookfield Wealth Solutions Ltd. (BNT) | $4.26 Billion | 11.70% | 9.19x | $2.72 Billion |
| Berkshire Hathaway Inc (BRK-A) | $351.95 Billion | 12.77% | 0.99x | $368.47 Billion |
| Berkshire Hathaway Inc (BRK-B) | $62.99 Billion | 5.28% | 1.16x | $680.11 Billion |
| Enstar Group Limited (ESGR) | $6.50 Billion | 8.27% | 2.76x | $5.04 Billion |
| Fidelis Insurance Holdings Limited (FIHL) | $1.98 Billion | 6.40% | 1.69x | $2.06 Billion |
| Hartford Financial Services Group (HIG) | $13.63 Billion | 13.34% | 4.36x | $37.66 Billion |
| International General Insurance Holdings Ltd (IGIC) | $760.95 Million | 4.60% | 0.00x | $1.06 Billion |
About FG Financial Group
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.