International General Insurance Holdings Ltd. reports developments for an international specialty risks commercial insurer and reinsurer underwriting energy, property, construction and engineering, ports and terminals, general aviation, marine, political violence, financial institutions, professional indemnity, D&O and treaty reinsurance business. Its operating disclosures commonly discuss the Specialty Longtail, Specialty Short-tail and Reinsurance segments, with premiums, underwriting income, combined ratio, net investment income and book value measures.
Company updates also include ordinary and extraordinary common share dividends, annual Form 20-F filing announcements, investor presentations and board or committee changes. IGI is registered in Bermuda and operates across insurance-market hubs including Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca.
International General Insurance Holdings (NASDAQ: IGIC) has announced the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (SEC) on April 1, 2025. The filing includes the company's audited financial statements for the fiscal year ending December 31, 2024.
The report is accessible through IGI's website at www.iginsure.com under the Investors section (SEC Filings) or directly on the SEC's website at www.sec.gov. Shareholders can request free hard copies of the annual report by contacting Investor Relations via email.
IGI (NASDAQ: IGIC) has announced two dividend distributions for shareholders: an extraordinary cash dividend of $0.85 per common share for Q4 2024, along with its regular quarterly dividend of $0.025 per share. The combined dividend payment of $0.875 per share will be distributed on April 22, 2025 to shareholders of record as of April 4, 2025.
IGI (NASDAQ: IGIC) reported strong financial results for Q4 and full year 2024. The company achieved a combined ratio of 79.9% and delivered record net income of $135.2 million for FY2024, a 14.4% increase from $118.2 million in 2023.
Key highlights include:
- Q4 2024 net income: $30.0 million
- Return on average equity: 22.6% for FY2024
- Gross written premiums increased 5.9% to $174.6 million in Q4 2024
- Book value per share grew by almost 20%
- Total shareholders' equity reached $654.8 million by December 31, 2024
The company returned nearly $50 million to shareholders through dividends and share repurchases in 2024. Investment income increased 28.5% to $51.9 million for FY2024, with an investment yield of 4.3%.
International General Insurance Holdings (NASDAQ: IGIC) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 25, 2025, after U.S. market close. The company will provide the results and an accompanying slide presentation on their website's Investors section.
IGI will host an investor teleconference with a Q&A session on Wednesday, February 26, 2025, at 9:00 a.m. Eastern time. Investors can access the call by dialing 1-844-881-0137 (U.S.) or 1-412-902-6508 (international). A live webcast will be available on IGI's website and archived in the Investors section.
International General Insurance Holdings (NASDAQ: IGIC) has announced that President & CEO Waleed Jabsheh will deliver a presentation at the 16th Annual Southwest IDEAS Investor Conference in Dallas, Texas. The presentation is scheduled for November 20, 2024, at 3:30 PM Central Time (4:30 PM Eastern) at The Statler.
Investors can access the webcast through the conference host's website and IGI's investor relations page. This marks an important opportunity for the company to engage with investors and share its business updates.
International General Insurance Holdings (NASDAQ: IGIC) has declared a quarterly ordinary common share dividend of $0.025 per share for the period July 1, 2024 – September 30, 2024. The dividend will be paid on December 18, 2024 to shareholders of record as of the close of business on December 3, 2024.
IGI reported strong Q3 2024 financial results with net income of $34.5 million, up from $10.9 million in Q3 2023. The company achieved a combined ratio of 86.0% and return on equity of 22.3%. Gross written premiums were $138.3 million, down from $150.3 million in Q3 2023. Net investment income increased to $11.5 million from $9.0 million. Total shareholders' equity grew to $651.6 million, a 20.6% increase from December 2023. Book value per share increased 18.6% to $14.71. The company continued its share repurchase program and paid $25 million in dividends year-to-date.
IGI Holdings (NASDAQ: IGIC) announced the relocation of its London operations to the 15th floor of the 'Walkie-Talkie' Building at 20 Fenchurch Street, effective October 28, 2024. The move reflects the company's growth and commitment to the London market. The new office will house over 130 employees, including 60 underwriters covering various business lines such as Energy, Property, Aviation, Construction, Marine, and Financial services. According to CEO Waleed Jabsheh, the relocation will enhance team collaboration and client engagement by consolidating all personnel on a single floor.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) for International General Insurance Co. (IGICL), International General Insurance Company (UK) (IGIUK), and International General Insurance Company (Europe) (IGI Europe). The Long-Term ICR of "bbb" (Good) for International General Insurance Holdings (IGI) [NASDAQ: IGIC] was also affirmed. The outlook for these ratings is stable.
The ratings reflect IGI's very strong balance sheet strength, strong operating performance, business profile, and appropriate enterprise risk management. IGI's risk-adjusted capitalisation is assessed at the strongest level, supported by a strong liquidity position and conservative investment portfolio. The company has demonstrated strong profitability with a five-year (2019-2023) weighted average return-on-equity ratio of 16% and a combined ratio below 85%.
International General Insurance Holdings (NASDAQ: IGIC) has announced the release date for its third quarter and first nine months of 2024 financial results. The company will publish these results on Tuesday, November 5, 2024, after the U.S. financial markets close. IGI will also host an investor teleconference on Wednesday, November 6, 2024, at 9:00 a.m. Eastern time to discuss the financial results.
The results and an accompanying slide presentation will be available in the Investors section of IGI's website at www.iginsure.com. Investors can access the teleconference by dialing 1-844-881-0137 (U.S. callers) or 1-412-902-6508 (international callers) and requesting to join the IGI call. A live, listen-only webcast will also be available on the company's website and archived for future reference.