Hg Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 05:06 pm
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HG Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net loss was USD 446,000 compared to USD 59,000 a year ago. Basic loss per share from continuing operations was USD 0.01. For the nine months, net income was USD 432,000 compared to USD 405,000 a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago.
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.
HG HOLDINGS, INC. 
