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| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2115 E 7th St Ste 101 CHARLOTTE NC 28204-3307 |
| Tel: | N/A |
| Website: | https://www.hgholdingsinc.net |
| IR: | See website |
| Key People | ||
| Steven A. Hale Chairman of the Board, Chief Executive Officer | Justin H. Edenfield Principal Financial and Accounting Officer, Company Secretary | |
| Business Overview |
| HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, HG Holdings Inc revenues decreased 23% to $11.1M. Net loss totaled $822K vs. income of $3.7M. Revenues reflect Reinsurance related segment decrease of 95% to $300K. Net loss reflects General and administrative expenses - B increase of 26% to $12M (expense), Lease expense increase of 40% to $978K (expense). |
| Employees: | 73 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2.52M as of Dec 31, 2023 |
| Annual revenue (TTM): | $11.11M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.30M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.82M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1.63M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 2,861,547 as of Mar 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |