International General Insurance Holdings Ltd. ( (IGIC) ) has released its Q2 earnings. Here is a breakdown of the information International General Insurance Holdings Ltd. presented to its investors.
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International General Insurance Holdings Ltd. (IGI) is a Bermuda-based international specialty risks commercial insurer and reinsurer, offering a diverse portfolio of specialty lines including energy, property, and marine liability, among others, with operations across several global locations.
In its latest earnings report for the second quarter and first half of 2025, IGI reported a net income of $34.1 million for the quarter, marking a 3.9% increase from the previous year. The company highlighted its robust underwriting and investment portfolios, despite facing challenges from competitive market conditions and currency fluctuations.
Key financial metrics revealed a decrease in gross written premiums to $187.8 million for the quarter compared to $205.6 million in the previous year. The combined ratio increased to 90.5% from 81.2% due to currency revaluation impacts. However, net investment income rose by 26.7% to $17.1 million, reflecting higher yields on a larger fixed income portfolio. The company’s return on average equity was 20.8% for the quarter.
Despite the challenges, IGI’s diversified strategy and expertise allowed it to maintain a strong performance. The Reinsurance segment showed significant growth, with gross written premiums increasing by 32.6% for the first half of 2025. The company also returned $77 million to shareholders through dividends and share repurchases.
Looking forward, IGI remains focused on leveraging its diversified portfolio and strategic expertise to navigate competitive markets and currency volatility, aiming to continue delivering sustainable value to its shareholders.