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International General Insurance Holdings Ltd.

International General Insurance Holdings Ltd.

NASDAQ•IGIC
CEO: Mr. Wasef Salim Jabsheh
Sector: Financial Services
Industry: Insurance - Diversified
Listing Date: 2018-04-10
International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
Contact Information
74 Abdel Hamid Sharaf Street, P.O. Box 941428, Amman, 11194, Jordan
962-6-562-2009
www.iginsure.com
Market Cap
$1.04B
P/E (TTM)
8.6
11.8
Dividend Yield
4.3%
52W High
$27.76
52W Low
$20.82
52W Range
42%
Rank21Top 7.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$122.50M-15.52%
4-Quarter Trend

EPS

$0.74-1.33%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Rises Net income reached $135.2M in 2024, showing strong profitability compared to $118.2M in 2023. Basic EPS was $3.01.
Gross Premium Growth GWP totaled $700.1M in 2024, increasing 1.7% from $688.7M, driven by short-tail and reinsurance segments.
Reinsurance Segment Strength Reinsurance GWP grew 36.5% to $83.4M in 2024, benefiting from new business and renewal rate increases.
Strong Capital Position IGI Bermuda maintained a strong solvency ratio of 227% over the Minimum Margin of Solvency requirement as of year-end 2024.

Risk Factors

Catastrophe Event Exposure Ongoing geopolitical conflicts (Ukraine, Middle East) and Red Sea disruptions create unpredictable claims severity and market volatility risks.
Underwriting Risk Management Underwriters failing to assess risks accurately may result in premiums proving inadequate to cover associated losses, impacting financial condition.
Investment Portfolio Fluctuation Fixed maturity securities, 78% of investments, face negative impacts from potential further inflation or rising interest rates affecting fair value.
Regulatory Compliance Burden Subject to extensive laws globally; failure to comply with regulations or changes in accounting standards could materially affect operations.

Outlook

Expand Profitable Markets Strategy focuses on expanding presence in existing profitable markets like London and Middle East, leveraging capacity reductions elsewhere.
Maintain Balance Sheet Strength Plan includes thorough reserving adequacy assessment and maintaining conservative investment portfolio maturity profile for stable returns.
Growth via New Niches Seek growth into adjacent specialty lines and markets, exemplified by the recent acquisition of Norway-based managing general agency IGI Nordic.
Conservative Reinsurance Program Continue purchasing conservative reinsurance coverage, highly tailored to underlying exposure, to minimize operating volatility and protect earnings.

Peer Comparison

Revenue (TTM)

Selective Insurance Group, Inc.SIGI
$5.23B
+10.9%
Safety Insurance Group, Inc.SAFT
$1.22B
+12.3%
Employers Holdings, Inc.EIG
$904.80M
+1.7%

Gross Margin (Latest Quarter)

Trinity Capital Inc.TRIN
68.3%
-12.2pp
Peoples Bancorp Inc.PEBO
64.3%
-2.7pp
Kayne Anderson BDC, Inc.KBDC
58.5%
-35.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SIGI$4.98B12.312.3%6.0%
TRIN$1.23B8.215.9%0.0%
SAFT$1.13B12.810.1%1.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.2%
Flat Growth
4Q Net Income CAGR
3.7%
Profitability Slowly Improving
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$0.83
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 1, 2025|
    Revenue: $525.95M+10.2%
    |
    EPS: $3.01+16.7%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 8, 2024|
    Revenue: $471.96M+19.7%
    |
    EPS: $2.58+39.5%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 6, 2023|
    Revenue: $394.37M+12.6%
    |
    EPS: $1.85+107.9%
    N/A

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 1, 2022|
    Revenue: $350.38M+13.7%
    |
    EPS: $0.89+50.8%
    N/A

  • Form 20-F/A - FY 2020

    Period End: Dec 31, 2020|Filed: Oct 20, 2021|
    Revenue: $308.28M+23.3%
    |
    EPS: $0.59+20.4%
    N/A

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 2, 2021|Refer to amended data