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.
Intl Gnrl Insurance Hldngs Ltd (IGIC) provides specialized insurance and reinsurance solutions across global markets. This news hub offers investors and industry professionals timely updates on corporate developments, financial performance, and strategic initiatives.
Key resources include: Earnings reports, leadership announcements, product innovations, and regulatory filings. Track IGIC's progress in energy, marine, and construction insurance sectors through verified press releases and market analyses.
Bookmark this page for streamlined access to IGIC's latest operational milestones and financial disclosures. Our curated news collection helps stakeholders monitor the company's position in specialty risk markets across Bermuda, Jordan, and key Afro-Asian regions.
International General Insurance Holdings (IGI) has announced a significant increase in its quarterly ordinary common share dividend. The Board of Directors approved a 150% hike, raising the dividend from $0.01 to $0.025 per share. The new dividend rate will take effect with the payout scheduled for June 20, 2024, to shareholders on record as of June 3, 2024.
International General Insurance Holdings (IGI) (NASDAQ: IGIC) will begin trading at Lloyd’s from May 9, 2024, demonstrating its commitment to the London market. IGI will operate in Box 330A, Gallery 3, trading across different business lines to enhance distribution and brand recognition. This move aligns with IGI's strategic growth goals, offering efficient distribution capabilities in the London insurance marketplace.
IGI, a NASDAQ-listed company, reported strong financial results for Q1 2024, with $181.6M gross written premiums, $114.5M net premiums earned, $37.9M net income, and 74.1% combined ratio. Net income increased by 11.8% YoY, driven by underwriting and investment income growth. Core operating income rose to $40M, with a 29.2% core operating return on average equity. The company aims for sustainable long-term value creation.
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