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IGIC
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IGICInternational General Insurance Holdings Ltd.
$23.54$1.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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IGIC logo

International General Insurance Holdings Ltd.

IGIC
NASDAQ · Specialty Insurers
$23.54
At close - USD
Market Cap$1B
P/E8.1x
52W High$29.59
Volume109.97K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Profitability Erosion Contradicts High Valuation Multiple

International General Insurance's core thesis is undermined by a clear deterioration in underwriting profitability, with the combined ratio worsening from 73.0% in Q3 2025 to 85.3% in Q2 2026, while EPS growth has contracted for two consecutive quarters.

GrowthDecelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

IGIC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-39% Peers

P/E is 39% below peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IGIC-0.56%
S&P 500 (^GSPC)+7.63%
1-Year Return
IGIC+11.84%
S&P 500 (^GSPC)+9.69%
3-Year Return
IGIC+141.44%
S&P 500 (^GSPC)+64.39%
5-Year Return
IGIC+230.78%
S&P 500 (^GSPC)+52.79%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
9.7x
Forward P/E
9.8x
EV/EBITDA100th %ile
8.0x
FCF YieldCash Flow
10.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.7x
8.0x
100th· High
EV/EBITDA
8.0x
3.0x
100th· High
Price/FCF
9.4x
5.2x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$28.35+20.4%
Base (Fair)$51.05+116.9%
Bull$80.14+240.4%
$28.35 Bear$51.05 Base$80.14 Bull
Current Market Price: $23.54
Trades at a 53.9% discount to Base DCF ($51.05)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$517M-1.8% YoY
Net income FY25
$127M-5.9% YoY
Free cash flow FY25
$107M-47.2% YoY
Operating margin FY25
24.6%-0.5 pts YoY
ROIC (FY25)18.6%
Avg ROIC 5Y-
ROE (FY25)18.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$0.67+2.1%
vs $0.66
$140M+15.2%
vs $122M
Q3 2026
Aug 4, 2026
$0.44-28.2%
vs $0.61
$144M+24.9%
vs $115M
Q2 2026
May 5, 2026
$0.56-20.6%
vs $0.70
$126M+11.5%
vs $113M
Q1 2026
Feb 24, 2026
$0.80+11.1%
vs $0.72
$126M+8.6%
vs $116M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

1 Story
Business Wire·Sep 1, 2026
IGI Announces the Launch of Cipher, A Specialty Treaty Reinsurance Platform Focused on Cyber

HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC), the international specialty insurance and reinsurance group, today announced the launch of Bermuda-based Cipher Underwriting Ltd. (“Cipher”), a specialty treaty reinsurance managing general agent (MGA) established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis. The commencement of Cipher's operations remains subject to applicable re.

Filtered for International General Insurance Holdings Ltd.More Headlines
04

Compare before deciding

Benchmark IGIC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for International General Insurance Holdings Ltd. (IGIC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IGIC logoIGICInternational General Insurance Holdings Ltd.Current
$23.54$1B8.15-1.76%24.62%18.64%4.49%
RNR logoRNRRenaissanceRe Holdings Ltd.
$347.35$14.43B6.139.45%17.07%8.26%0.48%
ACGL logoACGLArch Capital Group Ltd.
$107.28$37.48B9.2314.27%23.19%18.35%0.02%
MKL logoMKLMarkel Corporation
$1939.04$24.02B11.46-0.96%13.17%12.13%2.5%
GLRE logoGLREGreenlight Capital Re, Ltd.
$16.08$533.32M7.417.47%14.02%9.86%—
SIGI logoSIGISelective Insurance Group, Inc.
$99.44$5.93B13.299.78%9.41%14.29%1.53%

Compare IGIC vs Peers

International General Insurance Holdings Ltd. (IGIC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RNR

Most directly comparable listed peer for IGIC.

Scale Benchmark

vs CB

Larger-name benchmark to compare IGIC against a more recognizable public peer.

Peer Set

Compare Top 5

vs RNR, ACGL, MKL, GLRE

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IGIC Frequently Asked Questions

International General Insurance Holdings Ltd. (IGIC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is International General Insurance Holdings Ltd. growing?

International General Insurance Holdings Ltd. (IGIC) revenue fell by 1.8% in fiscal year 2025, compared with the prior fiscal year.

Is IGIC profitable?

Yes. International General Insurance Holdings Ltd. (IGIC) earned $108.4M in net income over the trailing twelve months (a 21.0% net margin).

Dividend & Returns
Does IGIC pay dividends?

Yes. International General Insurance Holdings Ltd. (IGIC) pays a dividend that yields 4.49% at the current price, a high yield.

What is IGIC's return on equity?

International General Insurance Holdings Ltd. (IGIC) had a return on equity (ROE) of 18.6% in fiscal year 2025. That is above the market's typical 10-15%.

Industry Metrics
What is International General Insurance Holdings Ltd.'s combined ratio?

International General Insurance Holdings Ltd. (IGIC) has a combined ratio of 75.4%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in IGIC back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →