International General Insurance Holdings Ltd. (IGIC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IGIC SEC filings page.
International General Insurance Holdings Ltd. (IGIC) reported $516.9M in revenue for fiscal year 2025, down 4.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business reports resilient profit margins, yet FY2025 reveals weaker cash conversion and distributions absorbing nearly all free cash flow.
Earnings quality weakened in FY2025: net income fell only5.9% , while operating cash flow dropped48.4% from FY2024, indicating that reported profit translated into cash much less effectively.
Net profit margin stayed close to
The balance sheet became less leveraged relative to equity: debt-to-equity declined from 2.4x in FY2023 to 2.0x in FY2025, while equity reached
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of International General Insurance Holdings Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. International General Insurance Holdings Ltd. scores 94/100 on it among other insurers.
International General Insurance Holdings Ltd. reported revenue of $516.9M in fiscal year 2025, against $539.0M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and International General Insurance Holdings Ltd. scores 10/100 among other insurers.
International General Insurance Holdings Ltd. funded 33.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $710.1M of equity against $2.1B of assets. Capital ranks insurers on that cushion, and International General Insurance Holdings Ltd. scores 77/100 among other insurers.
Not available for International General Insurance Holdings Ltd., and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. International General Insurance Holdings Ltd. scores 94/100 on it among other insurers.
International General Insurance Holdings Ltd. reported net income of $127.2M in fiscal year 2025, against $135.2M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and International General Insurance Holdings Ltd. scores 75/100 among other insurers.
International General Insurance Holdings Ltd. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, International General Insurance Holdings Ltd. generates $0.85 in operating cash flow ($108.1M OCF vs $127.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
International General Insurance Holdings Ltd. held $186.2M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
IGIC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
IGIC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+3.1% | $2.1B+8.5% | $2.0B+10.9% | $2.0B+13.0% | $1.8B+16.3% | $1.7B | $1.6B |
| Cash & Equivalents | $186.2M+19.9% | $164.8M-1.6% | $155.2M-12.3% | $167.6M-1.6% | $177.0M+44.9% | $170.4M | $122.1M |
| Short-Term Investments | $31.2M-65.2% | $51.3M-26.4% | $89.5M+112.2% | $69.7M-60.4% | $42.2M-84.1% | $176.2M | $265.7M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.4B+0.6% | $1.5B+6.7% | $1.4B+6.6% | $1.4B+8.2% | $1.3B+11.0% | $1.3B | $1.2B |
| Total Equity | $710.1M+8.4% | $662.3M+12.6% | $654.8M+21.2% | $588.2M+26.0% | $540.4M+31.5% | $466.8M | $410.9M |
| Retained Earnings | $612.6M+15.2% | $551.2M+17.4% | $531.7M+25.7% | $469.3M+23.4% | $423.0M+38.0% | $380.3M | $306.6M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
IGIC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
IGIC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| International General Insurance Holdings Ltd. IGIC | FY2025 | $516.9M | $127.2M | 24.6% | $1.1B | 58/100 |
| Fidelis Insurance Holdings Limited FIHL | FY2025 | $2.5B | $225.5M | 9.0% | $1.8B | 46/100 |
| Waterdrop Inc. WDH | FY2025 | $568.8M | $80.8M | 14.2% | $370.1M | 28/100 |
| Bowhead Specialty Holdings Inc. BOW | FY2025 | $551.6M | $53.8M | 9.8% | $1.1B | 48/100 |
| Tiptree Inc. TIPT | FY2025 | $488K | $34.9M | N/A | $645.7M | — |
| ProAssurance Corporation PRA | FY2025 | $1.1B | $50.9M | 4.6% | $1.3B | 24/100 |
Where International General Insurance Holdings Ltd. Ranks
Frequently Asked Questions
What is International General Insurance Holdings Ltd.'s annual revenue?
International General Insurance Holdings Ltd. (IGIC) reported $516.9M in total revenue for fiscal year 2025. This represents a -4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is International General Insurance Holdings Ltd.'s revenue growing?
International General Insurance Holdings Ltd. (IGIC) revenue declined by 4.1% year-over-year, from $539.0M to $516.9M in fiscal year 2025.
Is International General Insurance Holdings Ltd. profitable?
Yes, International General Insurance Holdings Ltd. (IGIC) reported a net income of $127.2M in fiscal year 2025, with a net profit margin of 24.6%.
What is International General Insurance Holdings Ltd.'s net profit margin?
International General Insurance Holdings Ltd. (IGIC) had a net profit margin of 24.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does International General Insurance Holdings Ltd. pay dividends?
Yes, International General Insurance Holdings Ltd. (IGIC) paid $1.02 per share in dividends during fiscal year 2025.
What is International General Insurance Holdings Ltd.'s return on equity (ROE)?
International General Insurance Holdings Ltd. (IGIC) has a return on equity of 17.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is International General Insurance Holdings Ltd.'s free cash flow?
International General Insurance Holdings Ltd. (IGIC) generated $107.2M in free cash flow during fiscal year 2025. This represents a -47.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is International General Insurance Holdings Ltd.'s operating cash flow?
International General Insurance Holdings Ltd. (IGIC) generated $108.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are International General Insurance Holdings Ltd.'s total assets?
International General Insurance Holdings Ltd. (IGIC) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are International General Insurance Holdings Ltd.'s capital expenditures?
International General Insurance Holdings Ltd. (IGIC) invested $944K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is International General Insurance Holdings Ltd.'s debt-to-equity ratio?
International General Insurance Holdings Ltd. (IGIC) had a debt-to-equity ratio of 1.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is International General Insurance Holdings Ltd.'s return on assets (ROA)?
International General Insurance Holdings Ltd. (IGIC) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is International General Insurance Holdings Ltd.'s P/E ratio?
International General Insurance Holdings Ltd. (IGIC) trades at 8.3x earnings, its market capitalization divided by net income of $127.2M net income, FY2025. The market capitalization is $1.1B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is International General Insurance Holdings Ltd.'s price-to-sales ratio?
International General Insurance Holdings Ltd. (IGIC) trades at 2.0x sales, its market capitalization divided by revenue of $516.9M revenue, FY2025. The market capitalization is $1.1B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is International General Insurance Holdings Ltd.'s Piotroski F-Score?
International General Insurance Holdings Ltd. (IGIC) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are International General Insurance Holdings Ltd.'s earnings high quality?
International General Insurance Holdings Ltd. (IGIC) has an earnings quality ratio of 0.85x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is International General Insurance Holdings Ltd.?
International General Insurance Holdings Ltd. (IGIC) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.