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. (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.
International General Insurance Holdings Ltd. (IGIC) has appointed Christopher Jarvis as its Chief Underwriting Officer, effective immediately. Jarvis brings 30 years of industry experience, previously serving at Canopius Managing Agency. His role involves optimizing performances across existing portfolios and evaluating new business opportunities to support IGI's growth and profitability targets. The company, operational in various regions, positions itself as a specialist commercial insurer and reinsurer with a diverse portfolio and strong credit ratings from AM Best and S&P Global Ratings.
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International General Insurance Holdings Ltd. (NASDAQ: IGIC) has declared a common share dividend of $0.01 per share, payable on September 20, 2022, for the period from April 1, 2022 to June 30, 2022. Shareholders of record will be those on the books as of September 5, 2022, with IGIC's shares going ex-dividend on September 2, 2022. IGI specializes in underwriting a diverse portfolio of specialty lines and is rated “A” by AM Best and “A-” by S&P Global Ratings, demonstrating solid financial health.
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.