Intl Gnrl Insurance Hldngs Ltd Stock Price, News & Analysis

International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced strong financial results for Q2 and H1 2022. Gross written premiums rose to $176.4 million, up 6.2% from 2021. Net premiums earned reached $95.8 million, yielding a profit of $21.8 million for Q2, compared to $8.2 million in Q2 2021. The combined ratio improved to 74.8% from 92.3%, reflecting enhanced underwriting performance. Core operating income surged to $29.4 million, driven by increased net premiums and favorable loss reserve developments. Despite foreign exchange losses of $9.2 million, the outlook remains optimistic due to solid capital and growth strategies.

International General Insurance Holdings Ltd. (IGIC) has signed a non-binding letter of intent to acquire Energy Insurance Oslo AS (EIO), a managing general agency in Norway. The transaction involves acquiring 100% of EIO's shares, subject to due diligence and regulatory approval. Following the acquisition, EIO is expected to be renamed International General Insurance Company (IGI Norway) and will operate as a wholly-owned subsidiary of IGI. This move aims to enhance IGI's footprint in Scandinavian markets and build upon a successful partnership that has existed since 2009.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) will release its financial results for the second quarter and half year ended June 30, 2022, on August 18, 2022, after U.S. market closure. The results and an accompanying slide presentation will be available on the company's website. An investor teleconference is scheduled for August 19, 2022, at 9:00 AM Eastern time, allowing for Q&A regarding these results. IGI specializes in a wide range of insurance and reinsurance lines and holds strong ratings from AM Best and S&P Global Ratings.

International General Insurance Holdings Ltd. (Nasdaq: IGIC) announced a new capital management plan, including a quarterly dividend of $0.01 per share and an increased share repurchase authorization for up to 5 million shares. This initiative reflects IGI's commitment to enhancing shareholder value through dividends and buybacks. The dividend is payable on June 22, 2022, to shareholders of record by June 6, 2022. The share repurchase replaces an earlier authorization of $5 million, allowing for more flexible capital management.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) reported strong first-quarter 2022 results, highlighting a 50% increase in net underwriting results and 90% growth in profit, reaching $19.4 million compared to $10.2 million in Q1 2021. Gross written premiums grew by 27.3% to $128.1 million. The combined ratio improved to 72.2% from 84.6%. Core operating income rose 64% to $23.9 million, while core operating return on average equity expanded to 24.1%. Despite inflationary pressures and foreign exchange losses of $3.5 million, IGI remains optimistic about favorable market conditions for continued profitable growth.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) will report its first quarter 2022 financial results on May 19, 2022, after the U.S. financial markets close. The results will be accompanied by a slide presentation available on the Company's website. IGI is a specialist insurer and reinsurer, operating globally with a portfolio that includes energy, property, marine, and casualty lines. Rated 'A' (Excellent) by AM Best and 'A-' by S&P Global Ratings, IGI aims to provide exceptional service to clients and brokers.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, featuring audited financial statements for the year ended December 31, 2021. The filing occurred on April 1, 2022, and the report is accessible on IGI's website as well as the SEC’s site. Established in 2001, IGI specializes in a variety of insurance and reinsurance services and holds strong ratings from AM Best and S&P Global Ratings.

International General Insurance Holdings Ltd. (NASDAQ: IGIC) has declared an ordinary common share dividend of $0.19 per share for the period from July 1, 2021 to December 31, 2021. The dividend will be payable on April 20, 2022 to shareholders of record on April 5, 2022, with an ex-dividend date of April 4, 2022.

International General Insurance Holdings Ltd. (IGIC) reported strong financial results for Q4 and FY 2021. Q4 gross written premiums increased by 26.3% to $163.5 million, while full-year gross premiums rose 16.8% to $545.6 million. Profit for Q4 reached $9.1 million, up from $7.6 million, with an annual profit of $43.6 million, a significant rise from $27.2 million in 2020. The combined ratio improved to 83.8% for Q4 and 86.4% for the year, underscoring effective underwriting and risk management. Core operating earnings per share climbed to $1.09 for the year, reflecting robust growth and operational efficiency.