International General Insurance Holdings Ltd. (IGIC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
International General Insurance Holdings Ltd. (IGIC) stock price & volume — 10-year historical chart
International General Insurance Holdings Ltd. (IGIC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
International General Insurance Holdings Ltd. (IGIC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.49vs $0.67-26.6% | $126Mvs $113M+11.5% |
| Q1 2026 | Feb 24, 2026 | $0.80vs $0.72+11.1% | $126Mvs $116M+8.6% |
| Q4 2025 | Nov 4, 2025 | $0.87vs $0.91-4.4% | $123Mvs $135M-9.5% |
| Q3 2025 | Aug 5, 2025 | $0.51vs $0.55-7.3% | $133Mvs $140M-5.6% |
International General Insurance Holdings Ltd. (IGIC) competitors in Commercial and specialty P&C insurers — business model, growth, and fundamentals comparison
International General Insurance Holdings Ltd. (IGIC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
International General Insurance Holdings Ltd. (IGIC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179.48M | 207.99M | 249.94M | 308.27M | 347.01M | 394.37M | 477.08M | 525.95M | 516.7M |
| Revenue Growth % | -2.81% | 15.89% | 20.17% | 23.34% | 12.56% | 13.65% | 20.97% | 10.24% | -1.76% |
| Medical Costs & Claims | 139.87M | 144.07M | 177.43M | 222.22M | 232.66M | 227.76M | 264.06M | 295.65M | 215.8M |
| 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 Expenses | 32.59M | 38.32M | 47.26M | 56.73M | 65.72M | 74.44M | 86.97M | 98.01M | 173.7M |
| OpEx / Revenue % | 18.16% | 18.42% | 18.91% | 18.4% | 18.94% | 18.88% | 18.23% | 18.64% | 33.62% |
| Depreciation & Amortization | 1.49M | 1.36M | 1.96M | 2.61M | 2.77M | 3.08M | 2.55M | 3.4M | 0 |
| 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% |
| EBITDA | 8.5M | 26.96M | 27.21M | 31.94M | 51.4M | 95.25M | 128.59M | 135.69M | 127.2M |
| EBITDA Margin % | 4.74% | 12.96% | 10.89% | 10.36% | 14.81% | 24.15% | 26.95% | 25.8% | 24.62% |
| Interest Expense | 0 | 0 | 0 | 325K | 358K | 132K | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | -108K | -203K | 2.83M | 4.31M | 0 | 0 | 0 |
| 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 | -14.42K | 62K | 1.69M | 2.08M | 1.81M | 2.93M | 7.85M | -2.86M | 0 |
| 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) | 0.05 | 0.53 | 0.49 | 0.59 | 0.89 | 1.85 | 2.58 | 3.01 | 2.89 |
| Diluted Shares Outstanding | 141.84M | 48.45M | 48.45M | 43.05M | 45.47M | 45.55M | 43.47M | 44.74M | 43.7M |
International General Insurance Holdings Ltd. (IGIC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 240.87K | 903.14M | 1.01B | 1.28B | 1.45B | 1.56B | 1.52B | 2.04B | 2.1B |
| Asset Growth % | 27.36% | 374854.81% | 11.73% | 26.77% | 13.5% | 7.52% | -2.84% | 34.34% | 3.1% |
| Total Investment Assets | 0 | 13.44M | 13.06M | 11.6M | 444.91M | 555.8M | 240.34M | 1.14B | 1.13B |
| Long-Term Investments | 0 | 13.44M | 13.06M | 11.6M | 5.7M | 6M | 119.72M | 911.46M | 939.84M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 439.21M | 507.29M | 120.62M | 225.34M | 194.65M |
| Total Current Assets | 17.85K | 295.45M | 310.07M | 300M | 865.77M | 137.94B | 572.33M | 664.93M | 1.02B |
| Cash & Equivalents | 5.35K | 184.73M | 192.46M | 133.4M | 231.75M | 122.14M | 177.02M | 155.25M | 186.18M |
| Receivables | 0 | 0 | 0 | 171.85M | 179.36M | 404.81M | 468.3M | 481.75M | 523.29M |
| Other Current Assets | 0 | 0 | 82.42M | -7.23M | 560K | 18.75M | 474.31M | -310.71M | 0 |
| Goodwill & Intangibles | 34.94M | 2.94M | 3.89M | 4.7M | 4.3M | 3.6M | 65.27M | 67.1M | 70.62M |
| Goodwill | 0 | 0 | 0 | -10K | -21K | 44K | 0 | 0 | 0 |
| Intangible Assets | 34.94M | 2.94M | 3.89M | 4.71M | 4.32M | 3.56M | 65.27M | 67.1M | 70.62M |
| PP&E (Net) | 13.09M | 12.22M | 12.73M | 13.2M | 14.9M | 13.4M | 26.11M | 0 | 0 |
| Other Assets | -47.81M | -28.59M | 0 | 0 | -471K | 16.98B | 733.38M | 903.84M | 67.15M |
| Total Liabilities | 235.1K | 601.98M | 696.93M | 884.6M | 1.05B | 1.13B | 976.37M | 1.38B | 1.39B |
| Total Debt | 204.56K | 1.73M | 1.56M | 2.95M | 3.75M | 3.07M | 2.13M | 4.24M | 0 |
| Net Debt | 199.22K | -183.01M | -190.9M | -130.45M | -238.35M | -134.93M | -177.02M | -155.25M | -186.18M |
| Long-Term Debt | 0 | 1.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 204.56K | 0 | 0 | 761K | 1M | 0 | 966K | 2.88M | 0 |
| Total Current Liabilities | 235.1K | 35.48M | 55.26M | 83.5M | 100.78M | 87.79M | 582.54M | 661.86M | 1.36B |
| Accounts Payable | 0 | 35.48M | 55.26M | 88.47M | 100.78M | 90.35M | 89.7M | 90.05M | 95.87M |
| Deferred Revenue | 0 | 0 | 0 | 82.74M | -1M | 0 | 0 | 0 | 469.9M |
| Other Current Liabilities | -4.39M | -41.33M | -11.58M | -101M | -14.03M | -18.23M | 491.87M | 568.92M | 798.34M |
| Deferred Taxes | 0 | 1000K | 346.82K | 55K | 14K | 0 | 0 | 0 | 0 |
| Other Liabilities | 30.53K | -1.73M | 0 | 0 | 0 | 1.15B | 393.83M | 1.38B | 26.54M |
| 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 Equity | 5.77K | 301.16M | 312.14M | 381.01M | 401.9M | 410.94M | 540.43M | 654.8M | 710.15M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -19.23K | 169.41M | 182.16M | 205.04M | 232.5M | 307.2M | 423.05M | 531.7M | 612.63M |
| Common Stock | 431 | 143.38M | 143.38M | 486K | 500K | 460K | 445K | 500K | 428K |
| Accumulated OCI | 13.94M | 658.77K | 3.94M | 17.9M | 9.4M | -44.04M | -20.64M | -18.6M | 10.27M |
| 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 / Assets | 2.4% | 33.35% | 30.93% | 30.85% | 27.68% | 27.53% | 35.63% | 32.14% | 33.8% |
| Debt / Equity | 35.45x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.01x | - |
| Book Value per Share | 0.00 | 6.22 | 6.44 | 9.17 | 8.84 | 9.44 | 12.43 | 14.64 | 16.25 |
| Tangible BV per Share | -0.25 | 6.16 | 6.36 | 9.06 | 8.74 | 9.36 | 10.93 | 13.14 | 14.63 |
International General Insurance Holdings Ltd. (IGIC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 12.96M | 104.09M | 21.4M | -90.57M | 175.29M | 154.88M | 196.61M | 209.47M | 108.14M |
| 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 Income | 7.02M | 25.6M | 25.25M | 33.74M | 46.81M | 89.23M | 118.2M | 135.2M | 126.25M |
| Depreciation & Amortization | 1.49M | 1.36M | 1.96M | 2.61M | 2.77M | 3.08M | 2.55M | 3.4M | 3.58M |
| Stock-Based Compensation | 0 | 0 | 0 | 450K | 1.19M | 2.3M | 3.25M | 4.63M | 0 |
| Deferred Taxes | 0 | 0 | 16.5K | -818K | 8.67M | 358K | -508K | -3.01M | 0 |
| Other Non-Cash Items | -2.86M | 31.42M | -49.24M | -159.36M | 9.21M | 5.22M | 20.27M | 8.08M | 6.71M |
| Working Capital Changes | 7.32M | 45.71M | 43.42M | 32.8M | 106.63M | 54.68M | 52.85M | 61.17M | -28.41M |
| Cash from Investing | -1.57M | -1.15M | -1.03M | -1.91M | -2.49M | -1.24M | -90.36M | -186.57M | 35.93M |
| Capital Expenditures | -1.62M | -1.15M | -1.06M | -1.91M | -2.35M | -1.27M | -3.25M | -6.63M | -944K |
| Acquisitions | 0 | 0 | 0 | 0 | -146K | 26K | -1.1M | 0 | 47K |
| Purchase of Investments | 0 | -174.22M | 0 | 0 | -168.28M | -320.85M | -330.37M | -400.76M | -229.63M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 123.22M | 62.7M | 318.07M | 116.33M | 265.79M |
| Other Investing | 50.39K | 450.25K | 22.57K | 0 | 45.06M | 258.15M | -73.71M | 104.5M | 670K |
| Cash from Financing | -11.47M | -19.14M | -16.47M | 35.66M | -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 Repurchases | 0 | -15.05M | -5.05M | -80M | 0 | -2.39M | -31.09M | -23.15M | -61.92M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 664K |
| Debt Issuance (Net) | 0 | 0 | -606K | -796K | -783K | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 268 | 120.82M | 0 | 0 | -16.32M | 0 | 0 |
| 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 Effect | 1.88M | -3.22M | 3.83M | -2.21M | -1.7M | -3.36M | 0 | 0 | 0 |
| Cash at Beginning | 102.35M | 104.15M | 184.73M | 192.46M | 133.44M | 242.15M | 137.94M | 195.02M | 168.25M |
| Cash at End | 104.15M | 184.73M | 192.46M | 133.44M | 242.15M | 137.94M | 195.02M | 168.25M | 204.86M |
| 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 Share | 0.08 | 2.12 | 0.42 | -2.15 | 2.8 | -1.9 | 4.45 | 4.53 | 2.45 |
International General Insurance Holdings Ltd. (IGIC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 82.66% | 96.09% | 87.69% | 89.9% | 90.49% | 85.99% | 76.63% | 73.58% | 74.85% | 75.38% |
| Medical Cost Ratio | 0% | 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 / Assets | 11.67% | 2.4% | 33.35% | 30.93% | 30.85% | 27.68% | 27.53% | 35.63% | 32.14% | 33.8% |
| Book Value / Share | 0 | 0 | 6.22 | 6.44 | 9.17 | 8.84 | 9.44 | 12.43 | 14.64 | 16.25 |
| Debt / Equity | 7.57x | 35.45x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.01x | - |
| Revenue Growth | 9.8% | -2.81% | 15.89% | 20.17% | 23.34% | 12.56% | 13.65% | 20.97% | 10.24% | -1.76% |
International General Insurance Holdings Ltd. (IGIC) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
International General Insurance Holdings Ltd. (IGIC) has a combined ratio of 75.4%. A ratio below 100% indicates underwriting profitability.
International General Insurance Holdings Ltd. (IGIC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates