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IGIC logoInternational General Insurance Holdings Ltd.(IGIC)Earnings, Financials & Key Ratios

IGIC•NASDAQ•Insurance & Managed Care
$25.87
$1.11B mkt cap·9.0× P/E·Price updated May 7, 2026
SectorFinancial ServicesIndustryDiversified InsuranceSub-IndustryCommercial and specialty P&C insurers
AboutInternational General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It underwrites a diversified portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, casualty, financial institutions, marine, contingency, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.Show more
  • Revenue$517M-1.8%
  • Combined Ratio75.38%+0.7%
  • Net Income$127M-5.9%
  • Return on Equity18.64%-17.6%
  • Medical Cost Ratio41.77%-25.7%
  • Operating Margin24.62%-2.1%
  • Net Margin24.62%-4.2%
  • ROA6.15%-19.2%
  • Equity / Assets33.8%+5.2%
  • Book Value per Share16.25+11.0%
  • Tangible BV/Share14.63+11.4%
Technical→

IGIC Key Insights

International General Insurance Holdings Ltd. (IGIC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 75.4% combined ratio
  • ✓Excellent 3Y average ROE of 21.9%
  • ✓Strong 5Y profit CAGR of 36.1%
  • ✓Low loss ratio of 41.8%
  • ✓Healthy dividend yield of 4.1%
  • ✓Share count reduced 2.3% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

IGIC Price & Volume

International General Insurance Holdings Ltd. (IGIC) stock price & volume — 10-year historical chart

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IGIC Growth Metrics

International General Insurance Holdings Ltd. (IGIC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.88%
5 Years10.88%
3 Years9.42%
TTM0.35%

Profit CAGR

10 Years13.77%
5 Years36.09%
3 Years12.54%
TTM-5.92%

EPS CAGR

10 Years28.04%
5 Years37.41%
3 Years16.24%
TTM-3.37%

Return on Capital

10 Years5047.81%
5 Years8.86%
3 Years11.32%
Last Year12.04%

IGIC Recent Earnings

International General Insurance Holdings Ltd. (IGIC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026
EPS
$0.49
Est $0.67
-26.6%
Revenue
$126M
Est $113M
+11.5%
Q1 2026
Feb 24, 2026
EPS
$0.80
Est $0.72
+11.1%
Revenue
$126M
Est $116M
+8.6%
Q4 2025
Nov 4, 2025
EPS
$0.87
Est $0.91
-4.4%
Revenue
$123M
Est $135M
-9.5%
Q3 2025
Aug 5, 2025
EPS
$0.51
Est $0.55
-7.3%
Revenue
$133M
Est $140M
-5.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.49vs $0.67-26.6%
$126Mvs $113M+11.5%
Q1 2026Feb 24, 2026
$0.80vs $0.72+11.1%
$126Mvs $116M+8.6%
Q4 2025Nov 4, 2025
$0.87vs $0.91-4.4%
$123Mvs $135M-9.5%
Q3 2025Aug 5, 2025
$0.51vs $0.55-7.3%
$133Mvs $140M-5.6%
Based on last 12 quarters of dataView full earnings history →

IGIC Peer Comparison

International General Insurance Holdings Ltd. (IGIC) competitors in Commercial and specialty P&C insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RNR logoRNRRenaissanceRe Holdings Ltd.Direct Competitor12.98B300.765.319.45%26.93%16.59%0.12
ACGL logoACGLArch Capital Group Ltd.Direct Competitor33.67B94.528.1314.27%22.07%19.02%0.11
MKL logoMKLMarkel CorporationDirect Competitor22.52B1799.9710.64-0.96%10.7%9.56%0.23
GLRE logoGLREGreenlight Capital Re, Ltd.Direct Competitor590.36M17.808.207.47%11.46%11.68%0.01
SIGI logoSIGISelective Insurance Group, Inc.Direct Competitor5.09B84.6911.329.78%8.39%12.93%0.25
AXS logoAXSAXIS Capital Holdings LimitedProduct Competitor7.32B99.298.049.05%16.18%16.93%0.23
PRE logoPREPrenetics Global LimitedProduct Competitor241.98M15.87-3.82201.72%-67.43%-28.88%0.01
ORI logoORIOld Republic International CorporationProduct Competitor9.62B39.4910.5910.41%10.3%15.27%0.30

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

IGIC Income Statement

International General Insurance Holdings Ltd. (IGIC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue179.48M207.99M249.94M308.27M347.01M394.37M477.08M525.95M516.7M
Revenue Growth %-2.81%15.89%20.17%23.34%12.56%13.65%20.97%10.24%-1.76%
Medical Costs & Claims139.87M144.07M177.43M222.22M232.66M227.76M264.06M295.65M215.8M
Medical Cost Ratio %77.93%69.27%70.99%72.08%67.05%57.75%55.35%56.21%41.77%
Gross Profit
39.61M▲ 0%
63.92M▲ 61.4%
72.52M▲ 13.4%
86.06M▲ 18.7%
114.35M▲ 32.9%
166.61M▲ 45.7%
213.02M▲ 27.9%
230.3M▲ 8.1%
300.9M▲ 30.7%
Gross Margin %22.07%30.73%29.01%27.92%32.95%42.25%44.65%43.79%58.23%
Gross Profit Growth %-78.55%61.39%13.44%18.68%32.87%45.7%27.86%8.11%30.65%
Operating Expenses32.59M38.32M47.26M56.73M65.72M74.44M86.97M98.01M173.7M
OpEx / Revenue %18.16%18.42%18.91%18.4%18.94%18.88%18.23%18.64%33.62%
Depreciation & Amortization1.49M1.36M1.96M2.61M2.77M3.08M2.55M3.4M0
Combined Ratio %96.09%87.69%89.9%90.49%85.99%76.63%73.58%74.85%75.38%
Operating Income
7.02M▲ 0%
25.6M▲ 264.9%
25.25M▼ 1.4%
29.33M▲ 16.1%
48.63M▲ 65.8%
92.17M▲ 89.5%
126.05M▲ 36.8%
132.29M▲ 5.0%
127.2M▼ 3.8%
Operating Margin %3.91%12.31%10.1%9.51%14.01%23.37%26.42%25.15%24.62%
Operating Income Growth %-77.18%264.89%-1.37%16.13%65.82%89.53%36.76%4.95%-3.85%
EBITDA8.5M26.96M27.21M31.94M51.4M95.25M128.59M135.69M127.2M
EBITDA Margin %4.74%12.96%10.89%10.36%14.81%24.15%26.95%25.8%24.62%
Interest Expense000325K358K132K000
Non-Operating Income00-108K-203K2.83M4.31M000
Pretax Income
7.02M▲ 0%
25.6M▲ 264.9%
25.25M▼ 1.4%
29.33M▲ 16.1%
48.63M▲ 65.8%
92.17M▲ 89.5%
126.05M▲ 36.8%
132.29M▲ 5.0%
127.2M▼ 3.8%
Pretax Margin %3.91%12.31%10.1%9.51%14.01%23.37%26.42%25.15%24.62%
Income Tax-14.42K62K1.69M2.08M1.81M2.93M7.85M-2.86M0
Effective Tax Rate %-0.21%0.24%6.68%7.08%3.73%3.18%6.23%-2.16%0%
Net Income
7.03M▲ 0%
25.54M▲ 263.3%
23.57M▼ 7.7%
27.25M▲ 15.6%
46.81M▲ 71.8%
89.23M▲ 90.6%
118.19M▲ 32.5%
135.15M▲ 14.3%
127.2M▼ 5.9%
Net Margin %3.92%12.28%9.43%8.84%13.49%22.63%24.77%25.7%24.62%
Net Income Growth %-78.66%263.26%-7.74%15.64%71.79%90.61%32.45%14.35%-5.88%
EPS (Diluted)
0.05▲ 0%
0.53▲ 968.5%
0.49▼ 7.5%
0.59▲ 20.4%
0.89▲ 50.8%
1.84▲ 106.7%
2.55▲ 38.6%
2.98▲ 16.9%
2.89▼ 3.0%
EPS Growth %-78.43%968.55%-7.55%20.41%50.85%106.74%38.59%16.86%-3.02%
EPS (Basic)0.050.530.490.590.891.852.583.012.89
Diluted Shares Outstanding141.84M48.45M48.45M43.05M45.47M45.55M43.47M44.74M43.7M

IGIC Balance Sheet

International General Insurance Holdings Ltd. (IGIC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets240.87K903.14M1.01B1.28B1.45B1.56B1.52B2.04B2.1B
Asset Growth %27.36%374854.81%11.73%26.77%13.5%7.52%-2.84%34.34%3.1%
Total Investment Assets013.44M13.06M11.6M444.91M555.8M240.34M1.14B1.13B
Long-Term Investments013.44M13.06M11.6M5.7M6M119.72M911.46M939.84M
Short-Term Investments0000439.21M507.29M120.62M225.34M194.65M
Total Current Assets17.85K295.45M310.07M300M865.77M137.94B572.33M664.93M1.02B
Cash & Equivalents5.35K184.73M192.46M133.4M231.75M122.14M177.02M155.25M186.18M
Receivables000171.85M179.36M404.81M468.3M481.75M523.29M
Other Current Assets0082.42M-7.23M560K18.75M474.31M-310.71M0
Goodwill & Intangibles34.94M2.94M3.89M4.7M4.3M3.6M65.27M67.1M70.62M
Goodwill000-10K-21K44K000
Intangible Assets34.94M2.94M3.89M4.71M4.32M3.56M65.27M67.1M70.62M
PP&E (Net)13.09M12.22M12.73M13.2M14.9M13.4M26.11M00
Other Assets-47.81M-28.59M00-471K16.98B733.38M903.84M67.15M
Total Liabilities235.1K601.98M696.93M884.6M1.05B1.13B976.37M1.38B1.39B
Total Debt204.56K1.73M1.56M2.95M3.75M3.07M2.13M4.24M0
Net Debt199.22K-183.01M-190.9M-130.45M-238.35M-134.93M-177.02M-155.25M-186.18M
Long-Term Debt01.73M0000000
Short-Term Debt204.56K00761K1M0966K2.88M0
Total Current Liabilities235.1K35.48M55.26M83.5M100.78M87.79M582.54M661.86M1.36B
Accounts Payable035.48M55.26M88.47M100.78M90.35M89.7M90.05M95.87M
Deferred Revenue00082.74M-1M000469.9M
Other Current Liabilities-4.39M-41.33M-11.58M-101M-14.03M-18.23M491.87M568.92M798.34M
Deferred Taxes01000K346.82K55K14K0000
Other Liabilities30.53K-1.73M0001.15B393.83M1.38B26.54M
Total Equity
5.77K▲ 0%
301.16M▲ 5219378.1%
312.14M▲ 3.6%
394.6M▲ 26.4%
401.9M▲ 1.8%
429.8M▲ 6.9%
540.43M▲ 25.7%
654.8M▲ 21.2%
710.15M▲ 8.5%
Equity Growth %-73.85%5219378.09%3.65%26.42%1.85%6.94%25.74%21.16%8.45%
Shareholders Equity5.77K301.16M312.14M381.01M401.9M410.94M540.43M654.8M710.15M
Minority Interest000000000
Retained Earnings-19.23K169.41M182.16M205.04M232.5M307.2M423.05M531.7M612.63M
Common Stock431143.38M143.38M486K500K460K445K500K428K
Accumulated OCI13.94M658.77K3.94M17.9M9.4M-44.04M-20.64M-18.6M10.27M
Return on Equity (ROE)50517.94%16.96%7.68%7.71%11.75%21.46%24.36%22.62%18.64%
Return on Assets (ROA)3270.41%5.65%2.46%2.38%3.43%5.92%7.68%7.6%6.15%
Equity / Assets2.4%33.35%30.93%30.85%27.68%27.53%35.63%32.14%33.8%
Debt / Equity35.45x0.01x0.01x0.01x0.01x0.01x0.00x0.01x-
Book Value per Share0.006.226.449.178.849.4412.4314.6416.25
Tangible BV per Share-0.256.166.369.068.749.3610.9313.1414.63

IGIC Cash Flow Statement

International General Insurance Holdings Ltd. (IGIC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations12.96M104.09M21.4M-90.57M175.29M154.88M196.61M209.47M108.14M
Operating CF Growth %442030.28%703.06%-79.44%-523.2%293.53%-11.65%26.94%6.54%-48.38%
Operating CF / Revenue %7.22%50.05%8.56%-29.38%50.52%39.27%41.21%39.83%20.93%
Net Income7.02M25.6M25.25M33.74M46.81M89.23M118.2M135.2M126.25M
Depreciation & Amortization1.49M1.36M1.96M2.61M2.77M3.08M2.55M3.4M3.58M
Stock-Based Compensation000450K1.19M2.3M3.25M4.63M0
Deferred Taxes0016.5K-818K8.67M358K-508K-3.01M0
Other Non-Cash Items-2.86M31.42M-49.24M-159.36M9.21M5.22M20.27M8.08M6.71M
Working Capital Changes7.32M45.71M43.42M32.8M106.63M54.68M52.85M61.17M-28.41M
Cash from Investing-1.57M-1.15M-1.03M-1.91M-2.49M-1.24M-90.36M-186.57M35.93M
Capital Expenditures-1.62M-1.15M-1.06M-1.91M-2.35M-1.27M-3.25M-6.63M-944K
Acquisitions0000-146K26K-1.1M047K
Purchase of Investments0-174.22M00-168.28M-320.85M-330.37M-400.76M-229.63M
Sale/Maturity of Investments0000123.22M62.7M318.07M116.33M265.79M
Other Investing50.39K450.25K22.57K045.06M258.15M-73.71M104.5M670K
Cash from Financing-11.47M-19.14M-16.47M35.66M-16.89M-12.55M-49.16M-49.68M-107.45M
Dividends Paid-11.47M-4.09M-10.82M-4.36M-16.11M-10.15M-1.75M-26.53M-46.2M
Share Repurchases0-15.05M-5.05M-80M0-2.39M-31.09M-23.15M-61.92M
Stock Issued00000000664K
Debt Issuance (Net)00-606K-796K-783K0000
Other Financing00268120.82M00-16.32M00
Net Change in Cash
1.8M▲ 0%
80.58M▲ 4371.0%
7.73M▼ 90.4%
-59.02M▼ 863.8%
108.71M▲ 284.2%
-104.2M▼ 195.9%
57.08M▲ 154.8%
-26.78M▼ 146.9%
36.61M▲ 236.7%
Exchange Rate Effect1.88M-3.22M3.83M-2.21M-1.7M-3.36M000
Cash at Beginning102.35M104.15M184.73M192.46M133.44M242.15M137.94M195.02M168.25M
Cash at End104.15M184.73M192.46M133.44M242.15M137.94M195.02M168.25M204.86M
Free Cash Flow
11.34M▲ 0%
102.94M▲ 808.0%
20.35M▼ 80.2%
-92.48M▼ 554.5%
127.44M▲ 237.8%
-86.62M▼ 168.0%
193.36M▲ 323.2%
202.84M▲ 4.9%
107.19M▼ 47.2%
FCF Growth %198.85%808.03%-80.24%-554.53%237.81%-167.96%323.24%4.9%-47.15%
FCF Margin %6.32%49.49%8.14%-30%36.73%-21.96%40.53%38.57%20.75%
FCF per Share0.082.120.42-2.152.8-1.94.454.532.45

IGIC Key Ratios

International General Insurance Holdings Ltd. (IGIC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Combined Ratio82.66%96.09%87.69%89.9%90.49%85.99%76.63%73.58%74.85%75.38%
Medical Cost Ratio0%77.93%69.27%70.99%72.08%67.05%57.75%55.35%56.21%41.77%
Return on Equity (ROE)23.13%50517.94%16.96%7.68%7.71%11.75%21.46%24.36%22.62%18.64%
Return on Assets (ROA)8.66%3270.41%5.65%2.46%2.38%3.43%5.92%7.68%7.6%6.15%
Equity / Assets11.67%2.4%33.35%30.93%30.85%27.68%27.53%35.63%32.14%33.8%
Book Value / Share006.226.449.178.849.4412.4314.6416.25
Debt / Equity7.57x35.45x0.01x0.01x0.01x0.01x0.01x0.00x0.01x-
Revenue Growth9.8%-2.81%15.89%20.17%23.34%12.56%13.65%20.97%10.24%-1.76%

IGIC Frequently Asked Questions

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

Growth & Financials

International General Insurance Holdings Ltd. (IGIC) saw revenue decline by 1.8% over the past year.

Yes, International General Insurance Holdings Ltd. (IGIC) is profitable, generating $127.2M in net income for fiscal year 2025 (24.6% net margin).

Dividend & Returns

Yes, International General Insurance Holdings Ltd. (IGIC) pays a dividend with a yield of 4.09%. This makes it attractive for income-focused investors.

International General Insurance Holdings Ltd. (IGIC) has a return on equity (ROE) of 18.6%. This is reasonable for most industries.

Industry Metrics

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

Explore More IGIC

International General Insurance Holdings Ltd. (IGIC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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