IGIC
International General Insurance Holdings Ltd.
Insurance - Diversified
Market Cap$1.11B
5Y Perf.+339.2%
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Stock Comparison
IGIC vs GLRE
Revenue, margins, valuation, and 5-year total return — side by side.
GLRE
Greenlight Capital Re, Ltd.
Insurance - Reinsurance
Market Cap$590M
5Y Perf.+145.9%
IGIC vs GLRE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | IGIC | GLRE |
|---|---|---|
| Industry | Insurance - Diversified | Insurance - Reinsurance |
| Market Cap | $1.11B | $590M |
| Revenue (TTM) | $528M | $706M |
| Net Income (TTM) | $127M | $81M |
| Gross Margin | 47.9% | 38.9% |
| Operating Margin | 24.1% | 6.7% |
| Forward P/E | 8.6x | 8.9x |
| Total Debt | $0.00 | $5M |
| Cash & Equiv. | $186M | $112M |
IGIC vs GLRE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
IGIC
GLRE
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| International Gener… (IGIC) | 100 | 439.2 | +339.2% |
| Greenlight Capital … (GLRE) | 100 | 245.9 | +145.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IGIC vs GLRE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: GLRE leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. International General Insurance Holdings Ltd. is the stronger pick specifically for profitability and margin quality and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
IGIC
International General Insurance Holdings Ltd.
The Insurance Pick
IGIC is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.52, yield 4.1%
- 215.8% 10Y total return vs GLRE's -16.4%
- Combined ratio 0.8 vs GLRE's 0.9 (lower = better underwriting)
Best for: income & stability and long-term compounding
GLRE
Greenlight Capital Re, Ltd.
The Insurance Pick
GLRE carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 7.5%, EPS growth 75.0%, 3Y rev CAGR 13.4%
- Lower volatility, beta 0.40, Low D/E 0.7%, current ratio 0.99x
- PEG 0.11 vs IGIC's 0.23
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | GLRE | 7.5% revenue growth vs IGIC's -1.8% |
| Value | GLRE | PEG 0.11 vs 0.23 |
| Quality / Margins | IGIC | Combined ratio 0.8 vs GLRE's 0.9 (lower = better underwriting) |
| Stability / Safety | GLRE | Beta 0.40 vs IGIC's 0.52 |
| Dividends | IGIC | 4.1% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | GLRE | +32.4% vs IGIC's +15.8% |
| Efficiency (ROA) | IGIC | 6.3% ROA vs GLRE's 3.8%, ROIC 18.6% vs 9.5% |
IGIC vs GLRE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIGICLAGGINGGLRE
GLREGreenlight Capital Re…
1leads
IGICInternational General…
3leads
6 Total Categories
CATEGORYLEADERvs GLREMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
GLRE6/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IGIC6/7
Total Returns1Y, 3Y, 5Y total returns with dividends
IGIC4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
IGIC1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — IGIC and GLRE each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GLRE and IGIC operate at a comparable scale, with $706M and $528M in trailing revenue. IGIC is the more profitable business, keeping 24.1% of every revenue dollar as net income compared to GLRE's 11.5%.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| RevenueTrailing 12 months | $528M | $706M |
| EBITDAEarnings before interest/tax | $127M | $51M |
| Net IncomeAfter-tax profit | $127M | $81M |
| Free Cash FlowCash after capex | $0 | $237M |
| Gross MarginGross profit ÷ Revenue | +47.9% | +38.9% |
| Operating MarginEBIT ÷ Revenue | +24.1% | +6.7% |
| Net MarginNet income ÷ Revenue | +24.1% | +11.5% |
| FCF MarginFCF ÷ Revenue | +20.7% | +33.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.3% | +5.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +16.9% | +22.1% |
Evenly matched — IGIC and GLRE each lead in 3 of 6 comparable metrics.
Valuation Metrics
GLRE leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 8.2x trailing earnings, GLRE trades at a 8% valuation discount to IGIC's 9.0x P/E. Adjusting for growth (PEG ratio), GLRE offers better value at 0.10x vs IGIC's 0.24x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| Market CapShares × price | $1.1B | $590M |
| Enterprise ValueMkt cap + debt − cash | $922M | $483M |
| Trailing P/EPrice ÷ TTM EPS | 8.95x | 8.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.57x | 8.88x |
| PEG RatioP/E ÷ EPS growth rate | 0.24x | 0.10x |
| EV / EBITDAEnterprise value multiple | 7.25x | 5.82x |
| Price / SalesMarket cap ÷ Revenue | 2.15x | 0.85x |
| Price / BookPrice ÷ Book value/share | 1.59x | 0.87x |
| Price / FCFMarket cap ÷ FCF | 10.34x | 2.81x |
GLRE leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
IGIC leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
IGIC delivers a 18.8% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $12 for GLRE. On the Piotroski fundamental quality scale (0–9), GLRE scores 7/9 vs IGIC's 4/9, reflecting strong financial health.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| ROE (TTM)Return on equity | +18.8% | +11.7% |
| ROA (TTM)Return on assets | +6.3% | +3.8% |
| ROICReturn on invested capital | +18.6% | +9.5% |
| ROCEReturn on capital employed | +12.0% | +6.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | — | 0.01x |
| Net DebtTotal debt minus cash | -$186M | -$107M |
| Cash & Equiv.Liquid assets | $186M | $112M |
| Total DebtShort + long-term debt | $0 | $5M |
| Interest CoverageEBIT ÷ Interest expense | — | 15.78x |
IGIC leads this category, winning 6 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
IGIC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IGIC five years ago would be worth $33,930 today (with dividends reinvested), compared to $19,911 for GLRE. Over the past 12 months, GLRE leads with a +32.4% total return vs IGIC's +15.8%. The 3-year compound annual growth rate (CAGR) favors IGIC at 51.8% vs GLRE's 20.5% — a key indicator of consistent wealth creation.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| YTD ReturnYear-to-date | +8.2% | +25.7% |
| 1-Year ReturnPast 12 months | +15.8% | +32.4% |
| 3-Year ReturnCumulative with dividends | +249.9% | +74.9% |
| 5-Year ReturnCumulative with dividends | +239.3% | +99.1% |
| 10-Year ReturnCumulative with dividends | +215.8% | -16.4% |
| CAGR (3Y)Annualised 3-year return | +51.8% | +20.5% |
IGIC leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — IGIC and GLRE each lead in 1 of 2 comparable metrics.
Risk & Volatility
GLRE is the less volatile stock with a 0.40 beta — it tends to amplify market swings less than IGIC's 0.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.52x | 0.40x |
| 52-Week HighHighest price in past year | $27.43 | $19.39 |
| 52-Week LowLowest price in past year | $20.82 | $11.57 |
| % of 52W HighCurrent price vs 52-week peak | +94.3% | +91.8% |
| RSI (14)Momentum oscillator 0–100 | 58.7 | 49.6 |
| Avg Volume (50D)Average daily shares traded | 56K | 204K |
Evenly matched — IGIC and GLRE each lead in 1 of 2 comparable metrics.
Analyst Outlook
IGIC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates IGIC as "Buy" and GLRE as "Buy". IGIC is the only dividend payer here at 4.09% yield — a key consideration for income-focused portfolios.
| Metric | IGICInternational Gen… | GLREGreenlight Capita… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $19.00 | — |
| # AnalystsCovering analysts | 2 | 3 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | — |
| Dividend StreakConsecutive years of raises | 2 | 1 |
| Dividend / ShareAnnual DPS | $1.06 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +5.6% | +1.7% |
IGIC leads this category, winning 1 of 1 comparable metric.
Key Takeaway
IGIC leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). GLRE leads in 1 (Valuation Metrics). 2 tied.
Best OverallInternational General Insur… (IGIC)Leads 3 of 6 categories
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IGIC vs GLRE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IGIC or GLRE a better buy right now?
For growth investors, Greenlight Capital Re, Ltd.
(GLRE) is the stronger pick with 7. 5% revenue growth year-over-year, versus -1. 8% for International General Insurance Holdings Ltd. (IGIC). Greenlight Capital Re, Ltd. (GLRE) offers the better valuation at 8. 2x trailing P/E (8. 9x forward), making it the more compelling value choice. Analysts rate International General Insurance Holdings Ltd. (IGIC) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — IGIC or GLRE?
On trailing P/E, Greenlight Capital Re, Ltd.
(GLRE) is the cheapest at 8. 2x versus International General Insurance Holdings Ltd. at 9. 0x. On forward P/E, International General Insurance Holdings Ltd. is actually cheaper at 8. 6x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Greenlight Capital Re, Ltd. wins at 0. 11x versus International General Insurance Holdings Ltd. 's 0. 23x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — IGIC or GLRE?
Over the past 5 years, International General Insurance Holdings Ltd.
(IGIC) delivered a total return of +239. 3%, compared to +99. 1% for Greenlight Capital Re, Ltd. (GLRE). Over 10 years, the gap is even starker: IGIC returned +215. 8% versus GLRE's -16. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — IGIC or GLRE?
By beta (market sensitivity over 5 years), Greenlight Capital Re, Ltd.
(GLRE) is the lower-risk stock at 0. 40β versus International General Insurance Holdings Ltd. 's 0. 52β — meaning IGIC is approximately 31% more volatile than GLRE relative to the S&P 500.
05Which is growing faster — IGIC or GLRE?
By revenue growth (latest reported year), Greenlight Capital Re, Ltd.
(GLRE) is pulling ahead at 7. 5% versus -1. 8% for International General Insurance Holdings Ltd. (IGIC). On earnings-per-share growth, the picture is similar: Greenlight Capital Re, Ltd. grew EPS 75. 0% year-over-year, compared to -3. 0% for International General Insurance Holdings Ltd.. Over a 3-year CAGR, GLRE leads at 13. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — IGIC or GLRE?
International General Insurance Holdings Ltd.
(IGIC) is the more profitable company, earning 24. 6% net margin versus 10. 7% for Greenlight Capital Re, Ltd. — meaning it keeps 24. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IGIC leads at 24. 6% versus 11. 2% for GLRE. At the gross margin level — before operating expenses — IGIC leads at 58. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is IGIC or GLRE more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Greenlight Capital Re, Ltd. (GLRE) is the more undervalued stock at a PEG of 0. 11x versus International General Insurance Holdings Ltd. 's 0. 23x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, International General Insurance Holdings Ltd. (IGIC) trades at 8. 6x forward P/E versus 8. 9x for Greenlight Capital Re, Ltd. — 0. 3x cheaper on a one-year earnings basis.
08Which pays a better dividend — IGIC or GLRE?
In this comparison, IGIC (4.
1% yield) pays a dividend. GLRE does not pay a meaningful dividend and should not be held primarily for income.
09Is IGIC or GLRE better for a retirement portfolio?
For long-horizon retirement investors, International General Insurance Holdings Ltd.
(IGIC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 52), 4. 1% yield, +215. 8% 10Y return). Both have compounded well over 10 years (IGIC: +215. 8%, GLRE: -16. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between IGIC and GLRE?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
IGIC pays a dividend while GLRE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(IGIC: 3.3% · GLRE: 5.6%)Net Margin>
%
(IGIC: 24.1% · GLRE: 11.5%)P/E Ratio<
x
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