International General Insurance Holdings Ltd.IGIC
What International General Insurance Holdings Ltd. does.
Securityholders should read this section in conjunction with the more detailed information about the Company contained in this annual report, including our audited financial statements and the other information appearing in the section entitled “Operating and Financial Review and Prospects.”
We are a highly-rated global provider of specialty insurance and reinsurance solutions. We underwrite a diversified portfolio of specialty risks including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, marine, contingency and treaty reinsurance. Our size affords us the ability to be nimble and seek out profitable niches that can generate attractive underwriting results. Our underwriting focus is supported by exceptional service to our clients and brokers. Founded in 2001, we have prudently grown our business with a focus on underwriting profitability.
Our primary objective is to underwrite specialty products that maximize return on equity subject to prudent risk constraints on the amount of capital we expose to any single event. We follow a careful and disciplined underwriting strategy with a focus on individually underwritten specialty risks through in-depth assessment of the underlying exposure. We use data analytics and modern technology to offer our clients flexible products and customized and granular pricing. We manage our risks through a variety of means, including contract terms, portfolio selection and underwriting and geographic diversification. Our underwriting strategy is supplemented by a comprehensive risk transfer program with reinsurance coverage from highly-rated reinsurers that we believe lowers our volatility of earnings and provides appropriate levels of protection in the event of a major loss event.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $842,000 | $350.4M | $393.2M | $499.2M | $539.0M | $516.9M |
| Net income | $1.7M | $46.8M | $89.2M | $118.2M | $135.2M | $127.2M |
| Free cash flow | -$90.9M | $172.9M | $153.6M | $193.4M | $202.8M | $107.2M |
More on IGIC.
- International General Insurance Holdings Ltd. summary
- International General Insurance Holdings Ltd. financial statements
- International General Insurance Holdings Ltd. key metrics
- International General Insurance Holdings Ltd. health scores and style box
- International General Insurance Holdings Ltd. earnings
- International General Insurance Holdings Ltd. dividends
- International General Insurance Holdings Ltd. valuation
- International General Insurance Holdings Ltd. ownership and insiders
- International General Insurance Holdings Ltd. peers
Figures from International General Insurance Holdings Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.