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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 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.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) will announce its third-quarter and nine-month financial results for 2021 on November 11, 2021, after U.S. market close. The results will be posted on their website. Established in 2001 and based in Bermuda, IGI specializes in underwriting diverse commercial insurance and reinsurance products, with a global presence. The company holds 'A' (Excellent) rating from AM Best and 'A-' from S&P Global Ratings, indicating strong financial stability.
International General Insurance Holdings Ltd. (NASDAQ: IGIC) announced it will file restated consolidated financial statements for the year ending December 31, 2020, due to SEC guidance on SPAC warrant accounting. The restatement results in a $4.4 million decrease in net income and a $13.6 million increase in total liabilities as of December 31, 2020. No impact on liquidity or cash flows is expected. IGI's Chairman reassured that this revision does not affect the company’s financial strength or previously communicated income figures.