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IGIC

International General Insurance Holdings Ltd.

IGIC

International General Insurance Holdings Ltd. • NASDAQ
$24.05 ▼ -0.04% (-0.01)
Market Cap $1.05 B
52w High $27.76
52w Low $20.82
Dividend Yield 1.00%
P/E 8.47
Volume 45.88K
Outstanding Shares 43.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $122.5M ▼ $26.1M ▼ $33.5M ▼ 27.347% ▲ $0.74 ▼ $33.1M ▼
Q2-2025 $142.969M ▲ $28.324M ▲ $34.146M ▲ 23.883% ▲ $0.75 ▲ $34.724M ▲
Q1-2025 $136.2M ▲ $22.6M ▼ $27.3M ▼ 20.044% ▼ $0.59 ▼ $28.7M ▲
Q4-2024 $122.351M ▼ $24.813M ▲ $30.051M ▼ 24.561% ▲ $0.65 ▼ $25.691M ▼
Q3-2024 $145M $24.7M $34.5M 23.793% $0.75 $35.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.224B ▼ $2.124B ▲ $1.462B ▲ $662.316M ▲
Q1-2025 $1.233B ▲ $2.091B ▲ $1.44B ▲ $650.4M ▼
Q4-2024 $380.58M ▼ $2.038B ▲ $1.383B ▲ $654.8M ▲
Q3-2024 $1.216B ▲ $2.01B ▲ $1.358B ▲ $651.6M ▲
Q2-2024 $1.09B $1.65B $1.062B $588.2M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $34.1M ▲ $0 $0 $0 $0 $0
Q1-2025 $27.3M ▼ $0 $0 $0 $0 $0
Q4-2024 $30.1M ▼ $0 $0 $0 $0 $0
Q3-2024 $34.5M ▲ $0 $0 $0 $0 $0
Q2-2024 $32.761M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement IGIC’s income statement shows a business that has grown steadily while becoming more profitable. Revenue has risen each year, and earnings have generally followed the same upward path. Profitability took a noticeable step up in the last two years, suggesting better underwriting discipline, pricing, or mix of business. There is still some volatility in margins from year to year, which is normal for a specialty insurer exposed to large claims and market cycles, but the overall direction in earnings has been clearly positive rather than choppy or declining.

Balance Sheet

Balance Sheet The balance sheet looks conservative and strengthening. Total assets have expanded over time, which fits with a growing insurance book. Shareholders’ equity has also increased steadily, signaling that profits are being retained and capital is building. The absence of reported financial debt is a major sign of balance-sheet strength for a financial company, giving IGIC more flexibility in downturns. Cash balances move around but stay healthy, which is typical in insurance as claims and investments flow in and out.

Cash Flow

Cash Flow Cash flow trends are broadly supportive of the earnings story. Operating cash flow has been positive in most years and improved recently, which indicates that reported profits are largely backed by real cash generation. There were a couple of years with negative operating cash flow, reflecting the inherent lumpiness of insurance claims and working capital swings rather than heavy investment. Free cash flow closely tracks operating cash flow, as capital spending needs are very light, leaving more cash available for reserves, growth, or capital returns when conditions allow.

Competitive Edge

Competitive Edge IGIC competes in specialty insurance and reinsurance, where expertise, discipline, and relationships matter more than sheer size. Its edge appears to come from careful risk selection, focus on niche and complex lines, and strong ties with brokers and clients, supported by a relatively flat organization that can make decisions quickly. The company emphasizes profitability over chasing volume, which can be an advantage in a cyclical industry. On the other hand, it still faces intense competition from much larger global insurers and reinsurers, as well as exposure to catastrophe events, pricing swings, and regulatory changes in multiple regions.

Innovation and R&D

Innovation and R&D IGIC is not a flashy technology story but has invested meaningfully in the plumbing of its business: advanced risk, capital, and actuarial models, along with automation tools, to speed up and deepen its analysis. This back-office innovation supports sharper underwriting rather than consumer-facing apps. The company seems to favor incremental upgrades—better data, better models, modest tech investments—over big, risky tech bets. Future innovation is likely to center on more analytics, specialized underwriting capabilities (including cyber and other emerging risks), and integrating ESG and climate considerations, rather than radical new business lines.

Summary

Overall, IGIC looks like a disciplined specialty insurer that has been growing steadily while strengthening profitability, capital, and cash generation. Its core strengths are conservative balance-sheet management, underwriting discipline, and niche expertise supported by solid analytical tools. Key risks are typical for the sector: exposure to large and unpredictable losses, pricing cycles, competition from larger players, and the need to keep attracting specialist talent. The story is one of measured, risk-aware growth rather than aggressive expansion or disruptive innovation.

NEWS

November 17, 2025 · 9:00 AM UTC

IGI President & CEO Waleed Jabsheh to Present at the 17th Annual Southwest IDEAS Investor Conference on November 19, 2025 in Dallas, Texas

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November 5, 2025 · 8:00 AM UTC

IGI Announces New 5 Million Common Share Repurchase Authorization

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November 4, 2025 · 4:05 PM UTC

IGI Reports Third Quarter and First Nine Months of 2025 Unaudited Financial Results

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October 28, 2025 · 4:10 PM UTC

IGI's Financial Strength Rating Upgraded to “A” (Strong)/Stable by S&P Global Ratings

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October 27, 2025 · 9:15 AM UTC

IGI Appoints Malcolm Barnes as Head of Specialty Treaty

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