Welcome to our dedicated page for Intl Gnrl Insurance Hldngs news (Ticker: IGIC), a resource for investors and traders seeking the latest updates and insights on Intl Gnrl Insurance Hldngs stock.
International General Insurance Holdings Ltd. (IGI) (NASDAQ: IGIC) is an international specialty risks commercial insurer and reinsurer that regularly publishes detailed updates on its business through press releases and SEC filings. This news page aggregates coverage of IGI’s announcements so readers can review how the company’s specialty insurance and reinsurance activities evolve over time.
IGI’s news flow often centers on its financial performance and capital management. The company issues releases on quarterly and year-to-date unaudited financial results, highlighting gross written premiums, net premiums earned, underwriting income, loss ratios, combined ratios, investment income, net income and segment performance across its Specialty Short-tail, Specialty Long-tail and Reinsurance segments. These updates also discuss the impact of catastrophe losses and currency revaluation movements on results.
Investors following IGIC can also find announcements on ordinary common share dividends, common share repurchase authorizations, and the use of existing repurchase programs. News items describe dividend amounts for specific periods, payment and record dates, and changes to share repurchase authorizations, as well as commentary on book value per share and total shareholders’ equity.
Other recurring topics in IGI’s news include credit rating actions from AM Best and S&P Global Ratings, management appointments, investor conference participation, and the scheduling of earnings releases and investor teleconferences. The company also releases information about investor presentations and webcasts that accompany its financial disclosures.
By reviewing the IGIC news feed on this page, readers can track how IGI communicates its specialty lines portfolio performance, capital allocation decisions, rating developments and corporate governance events. This provides a centralized view of the company’s public updates for those researching International General Insurance Holdings Ltd. and its Nasdaq-listed shares.
International General Insurance Holdings Ltd. (IGIC) will release its financial results for Q4 and full year 2020 on March 11, 2021, after U.S. markets close. An investor teleconference is scheduled for March 12, 2021, at 9:00 a.m. ET to discuss these results, accessible via phone or a live webcast on the company’s website. IGI operates as a specialist commercial insurer and reinsurer, rated 'A' (Excellent) by AM Best, with a diverse portfolio including energy, property, and marine sectors. For updates, visit their investor relations page.
International General Insurance Holdings Ltd. (IGIC) has been named 'Reinsurance Company of the Year' at the Middle East Insurance Industry Awards 2020, acknowledging its leadership, underwriting discipline, and commitment to diversity and corporate social responsibility. The awards, judged by a panel from over 200 entries, highlight IGI's strong performance amid challenging conditions. CEO Wasef Jabsheh expressed pride in the recognition and noted a strong performance in 2020. IGI is an established global insurer and reinsurer with significant operations across various regions.
International General Insurance Holdings Ltd. (NASDAQ:IGIC) reported strong financial results for Q3 and YTD 2020. Gross written premiums surged 36.9% to $101.2 million in Q3, while total for nine months reached $337.7 million (+29.8%). Net profit for Q3 was $9.5 million, up from $4.3 million YoY, with earnings per share increasing to $0.20. However, the combined ratio worsened to 93.7%, up from 89.3%. The company remains confident in its strategy, bolstered by robust pricing with a 21% rate increase for the year-to-date.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced that AM Best has reaffirmed its financial strength ratings at A (Excellent) with a Stable outlook. This rating applies to IGI’s subsidiaries, International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd. The affirmation is attributed to IGI’s strong balance sheet strength, excellent operating performance, diversified business profile, and effective enterprise risk management. CEO Wasef Jabsheh highlighted this as a testament to IGI's commitment and performance.