IGIC maintains a healthy solvency profile with total assets of $1.8 billion against $1.0 billion in total liabilities as of 2025Q4, supporting a robust capital base that has grown by over 50% since 2023Q3.
| Total Assets | 2.1B | 2.04B | 1.52B | 1.56B | 1.45B | 1.28B | 1.01B | 903.14M | 240.87K | 189.13K | 761M |
| Asset Growth % | 3.1% | 34.34% | -2.84% | 7.52% | 13.5% | 26.77% | 11.73% | 374854.81% | 27.36% | -99.98% | - |
| Total Investment Assets | 1.13B | 1.14B | 240.34M | 555.8M | 444.91M | 11.6M | 13.06M | 13.44M | 0 | 0 | 0 |
| Long-Term Investments | 939.84M | 911.46M | 119.72M | 6M | 5.7M | 11.6M | 13.06M | 13.44M | 0 | 0 | 0 |
| Short-Term Investments | 194.65M | 225.34M | 120.62M | 507.29M | 439.21M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1.02B | 664.93M | 572.33M | 137.94B | 865.77M | 300M | 310.07M | 295.45M | 17.85K | 25K | 468.7M |
| Cash & Equivalents | 186.18M | 155.25M | 177.02M | 122.14M | 231.75M | 133.4M | 192.46M | 184.73M | 5.35K | 25K | 468.7M |
| Receivables | 523.29M | 481.75M | 468.3M | 404.81M | 179.36M | 171.85M | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | -310.71M | 474.31M | 18.75M | 560K | -7.23M | 82.42M | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 70.62M | 67.1M | 65.27M | 3.6M | 4.3M | 4.7M | 3.89M | 2.94M | 34.94M | 29.22M | 29.7M |
| Goodwill | 0 | 0 | 0 | 44K | -21K | -10K | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 70.62M | 67.1M | 65.27M | 3.56M | 4.32M | 4.71M | 3.89M | 2.94M | 34.94M | 29.22M | 29.7M |
| PP&E (Net) | 0 | 0 | 26.11M | 13.4M | 14.9M | 13.2M | 12.73M | 12.22M | 13.09M | 14.08M | 3.5M |
| Other Assets | 67.15M | 903.84M | 733.38M | 16.98B | -471K | 0 | 0 | -28.59M | -47.81M | -43.13M | 259.1M |
| Total Liabilities | 1.39B | 1.38B | 976.37M | 1.13B | 1.05B | 884.6M | 696.93M | 601.98M | 235.1K | 167.06K | 0 |
| Total Debt | 0 | 4.24M | 2.13M | 3.07M | 3.75M | 2.95M | 1.56M | 1.73M | 204.56K | 167.06K | 0 |
| Net Debt | -186.18M | -155.25M | -177.02M | -134.93M | -238.35M | -130.45M | -190.9M | -183.01M | 199.22K | 142.06K | -468.7M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.73M | 0 | 0 | 0 |
| Short-Term Debt | 0 | 2.88M | 966K | 0 | 1M | 761K | 0 | 0 | 204.56K | 167.06K | 0 |
| Total Current Liabilities | 1.36B | 661.86M | 582.54M | 87.79M | 100.78M | 83.5M | 55.26M | 35.48M | 235.1K | 167.06K | 0 |
| Accounts Payable | 95.87M | 90.05M | 89.7M | 90.35M | 100.78M | 88.47M | 55.26M | 35.48M | 0 | 0 | 0 |
| Deferred Revenue | 469.9M | 0 | 0 | 0 | -1M | 82.74M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 798.34M | 568.92M | 491.87M | -18.23M | -14.03M | -101M | -11.58M | -41.33M | -4.39M | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 14K | 55K | 346.82K | 1000K | 0 | 0 | 0 |
| Other Liabilities | 26.54M | 1.38B | 393.83M | 1.15B | 562.16M | 0 | 0 | -1.73M | 30.53K | 0 | 0 |
| Total Equity | 710.15M | 654.8M | 540.43M | 429.8M | 401.9M | 394.6M | 312.14M | 301.16M | 5.77K | 22.07K | 284.9M |
| Equity Growth % | 8.45% | 21.16% | 25.74% | 6.94% | 1.85% | 26.42% | 3.65% | 5219378.09% | -73.85% | -99.99% | - |
| Shareholders Equity | 710.15M | 654.8M | 540.43M | 410.94M | 401.9M | 381.01M | 312.14M | 301.16M | 5.77K | 22.07K | 284.9M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 612.63M | 531.7M | 423.05M | 307.2M | 232.5M | 205.04M | 182.16M | 169.41M | -19.23K | -2.93K | 0 |
| Common Stock | 428K | 500K | 445K | 460K | 500K | 486K | 143.38M | 143.38M | 431 | 431 | 284.9M |
| Accumulated OCI | 10.27M | -18.6M | -20.64M | -44.04M | 9.4M | 17.9M | 3.94M | 658.77K | 13.94M | 9.33M | 0 |
| Return on Equity (ROE) | 18.64% | 22.62% | 24.36% | 21.46% | 11.75% | 7.71% | 7.68% | 16.96% | 50517.94% | 23.13% | 12.29% |
| Return on Assets (ROA) | 6.15% | 7.6% | 7.68% | 5.92% | 3.43% | 2.38% | 2.46% | 5.65% | 3270.41% | 8.66% | 4.6% |
| Equity / Assets | 33.8% | 32.14% | 35.63% | 27.53% | 27.68% | 30.85% | 30.93% | 33.35% | 2.4% | 11.67% | 37.44% |
| Debt / Equity | - | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 35.45x | 7.57x | - |
| Book Value per Share | 16.25 | 14.64 | 12.43 | 9.44 | 8.84 | 9.17 | 6.44 | 6.22 | 0.00 | 0.00 | 1.99 |
| Tangible BV per Share | 14.63 | 13.14 | 10.93 | 9.36 | 8.74 | 9.06 | 6.36 | 6.16 | -0.25 | -0.20 | 1.78 |
Geopolitical and Reserve Volatility
According to the provided financial statements, IGIC has grown its equity from $470.1 million in 2023Q3 to $710.2 million by 2025Q4, reflecting a consistent accumulation of retained earnings that suggests a strengthening capital position despite the inherent volatility of its specialty insurance underwriting business model.
The steady increase in equity indicates that the company is successfully retaining earnings to bolster its balance sheet against potential underwriting shocks. This trajectory appears to support a more resilient capital structure, though investors should monitor whether this growth is sufficient to offset the rising scale of liabilities observed over the same period.
As reported in the quarterly data, claims and loss reserves have fluctuated significantly, reaching a peak of $84.9 million in 2025Q1, which highlights the inherent sensitivity of the company's long-tail specialty lines to evolving actuarial estimates and potential inflationary pressures on claim settlement costs.
The variability in quarterly loss figures suggests that IGIC's reserve adequacy is highly dependent on the timing of claim reporting and settlement. This volatility warrants further investigation into the company's historical reserve development patterns to determine if current levels provide a sufficient buffer against adverse loss trends.
Based on the reported figures, the company's total assets have expanded to $1.8 billion as of 2025Q4, providing a substantial asset base relative to its $1.0 billion in total liabilities, which suggests a healthy solvency margin that supports the company's ongoing underwriting capacity in niche markets.
The relationship between total assets and liabilities indicates a robust capital cushion that likely satisfies regulatory requirements for its specialty operations. However, the reliance on these figures assumes that the underlying asset valuations are conservative and that the liability estimates accurately reflect the ultimate cost of claims.
Data provided in the financial tables indicates a complete lack of transparency regarding the composition of the $1.0 million reported investment portfolio, which obscures the company's true asset-liability matching strategy and its ability to generate sustainable investment income to offset potential underwriting losses.
The absence of detailed investment disclosures makes it difficult to assess the credit quality or duration of the assets backing the policyholder reserves. This lack of visibility may mask potential risks related to interest rate sensitivity or liquidity constraints that could emerge during periods of market stress.
Quick answers to the most common questions about buying IGIC stock.
As of 2025, International General Insurance Holdings Ltd. (IGIC) had total assets of $2.10B including $1.02B in current assets.
International General Insurance Holdings Ltd. (IGIC) carries total debt of $0.0M, offset by $380.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
International General Insurance Holdings Ltd. (IGIC) has total shareholders' equity (book value) of $710.1M ($16.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
International General Insurance Holdings Ltd. (IGIC) reported a current ratio of 0.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.