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) 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.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) will release its fourth quarter and full year 2021 financial results on March 3, 2022, after U.S. markets close. An investor teleconference is scheduled for March 4, 2022, at 9:00 a.m. ET to discuss the results, which will also be available via a live webcast on the company's website. IGI operates a diverse portfolio in specialty insurance and is rated 'A' (Excellent) by AM Best, indicating strong performance and stability.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) has appointed Stav Tsielepis as the new Chief Risk Officer. Based in London, Tsielepis will manage the company's risk management framework and report to CEO Andreas Loucaides. He brings 18 years of experience, previously serving as Chief Risk Officer at Arch Insurance International. His expertise includes implementing Brexit strategies and regulatory collaboration. This appointment is seen as pivotal for the company's strategic objectives in navigating the global risk landscape.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) reported strong financial results for Q3 and the first nine months of 2021. Gross written premiums increased by 13.9% to $115.3 million in Q3 and 13.1% to $382.1 million year-to-date. Net profit rose to $16.1 million for Q3 and $34.5 million year-to-date. The company's combined ratio improved to 85.0% from 93.7% in Q3 2020. Core operating income surged 140.6% year-over-year to $15.4 million in Q3. Despite some easing in rate momentum, attractive market opportunities are noted, particularly in Europe.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced that AM Best has reaffirmed its financial strength ratings at A (Excellent) with a Stable outlook. The ratings reflect IGI’s strong consolidated balance sheet and robust underwriting performance. Chairman and CEO Wasef Jabsheh noted the firm's strategic expansion into Europe, emphasizing its focus on maintaining quality profitable underwriting. IGI is recognized as a specialist commercial insurer with a diverse portfolio across various sectors and regions.