Intl Gnrl Insurance Hldngs Ltd Stock Price, News & Analysis

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has declared a dividend of $0.01 per share for the period of October 1, 2022 to December 31, 2022. This dividend will be paid on April 21, 2023, to shareholders on record as of April 7, 2023. IGI operates as a specialty insurer, covering diverse lines including energy, property, and marine risks. The company is rated "A" (Excellent) by AM Best and "A-" (Strong) by S&P Global Ratings.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has completed the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (EIO). This acquisition aims to expand IGI's existing energy and construction business portfolio in the Nordic markets. The subsidiary will be renamed IGI Nordic AS and is expected to enhance IGI's market presence. IGI has maintained an exclusive partnership with EIO since 2009, which has allowed them to write business in the region. This strategic move follows IGI's commitment to growth and service in specialty risk sectors.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) reported its financial results for Q4 and FY 2022, highlighting a strong growth trajectory despite industry challenges. Q4 profit rose to $25.7 million from $9.1 million in 2021, driven by a $10.8 million increase in net premiums earned and a significant uptick in investment income. For FY 2022, profit surged to $85.5 million, compared to $43.6 million in the prior year. Key metrics include gross written premiums of $581.8 million, a combined ratio of 78.5%, and an annualized return on equity of 20.6%. The company anticipates continued growth driven by favorable market conditions in 2023.

International General Insurance Holdings Ltd. (IGIC) announced it will release financial results for Q4 and the full year of 2022 on March 2, 2023, after U.S. markets close. An investor teleconference is scheduled for March 3, 2023, at 9:00 a.m. ET to discuss these results. The presentation will be available on the company’s website, and the call will include a Q&A session. IGI is a specialty commercial insurer with a strong portfolio across various sectors, including energy and aviation, and holds strong ratings from AM Best and S&P Global Ratings.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has repurchased 2,271,775 common shares for approximately $19.5 million at $8.60 per share. This buyback reduces the total shares outstanding to around 49 million, with 2.4 million remaining under an authorization to repurchase up to 5 million shares approved in May 2022. The repurchase is intended to enhance shareholder value by supporting stock price stability.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) celebrated its 20th anniversary by ringing the NASDAQ Closing Bell in New York City. Chairman and CEO Wasef Jabsheh noted the significance of returning to NYC after more than two years. The event highlighted the company's milestones and growth since its NASDAQ listing on March 18, 2020. IGI operates in seven global offices and is committed to delivering long-term value to its partners and shareholders.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has announced a dividend of $0.01 per common share for the period July 1, 2022 to September 30, 2022. This dividend will be payable on December 14, 2022, to shareholders on record as of November 29, 2022.

IGI specializes in underwriting diverse specialty lines and operates from multiple locations globally. The company maintains strong ratings of “A” from AM Best and “A-” from S&P Global Ratings.

International General Insurance Holdings Ltd. (IGIC) reported strong financial results for Q3 and the first nine months of 2022, with gross written premiums reaching $120.6 million, up 4.6% year-over-year. Net underwriting results surged to $42.0 million, improving the combined ratio to 73.8%. Profit for the quarter was $18.6 million, compared to $16.1 million in 2021. Core operating income skyrocketed to $27.6 million, aided by favorable loss reserve developments. However, foreign exchange losses increased to $10.4 million, highlighting currency impact concerns. The company remains focused on profitable growth amid rising inflation.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced it will release its financial results for the third quarter and nine months ended September 30, 2022, on Thursday, November 10, 2022, after U.S. market close. The results, along with a presentation deck, will be available on the Company’s website. Notably, IGI is an international commercial insurer and reinsurer with a diverse specialty portfolio, rated 'A' (Excellent) by AM Best and 'A-' (Strong) by S&P Global Ratings.