International General Insurance Holdings Ltd. (IGIC)
NASDAQ:IGIC
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International General Insurance Holdings
(NASDAQ:IGIC)
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Rating:81Outperform
Price Target:
$28.00
▲(10.94% Upside)
Action:ReiteratedDate:12/03/25
IGIC earns a strong score of 81, driven primarily by robust financial performance with high profitability and minimal debt. Positive technical momentum and reasonable valuation further support the outlook, though a slight revenue decline and mixed earnings call results (premium drops) introduce minor caution.
Positive Factors
Financial Stability
IGIC's strong equity position and zero debt indicate financial stability, reducing leverage risks and supporting long-term operational resilience.
Negative Factors
Decline in Gross Premiums
A decline in gross premiums indicates potential challenges in maintaining market share and could impact future revenue streams.
Read all positive and negative factors
Positive Factors
Negative Factors
Financial Stability
IGIC's strong equity position and zero debt indicate financial stability, reducing leverage risks and supporting long-term operational resilience.
Read all positive factors
International General Insurance Holdings (IGIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.04B
Dividend Yield4%
Average Volume (3M)54.60K
Price to Earnings (P/E)8.7
Beta (1Y)0.96
Revenue Growth0.76%
EPS GrowthN/A
CountryUS
Employees401
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.76
Shares Outstanding43,958,733
10 Day Avg. Volume70,404
30 Day Avg. Volume54,598
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)1.61
Price to Sales (P/S)2.00
P/FCF Ratio5.18
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue1.64
Enterprise Value/Gross Profit3.84
Enterprise Value/Ebitda7.05
Forecast
1Y Price Target
$28.00Price Target Upside10.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.07
Revenue Forecast (FY)$463.30M
International General Insurance Holdings Business Overview & Revenue Model
Company Description
International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It underwrites a diversified p...
How the Company Makes Money
IGIC generates revenue primarily through the underwriting of insurance premiums. The company collects premiums from businesses and individuals in exchange for providing coverage against various risks. Its key revenue streams include property insur...
International General Insurance Holdings Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call presents a largely positive performance picture driven by strong profitability (ROE ~18.6%), book value growth (~14%), robust investment income, a strengthened balance sheet and active capital returns (>$108M) including a special dividend and buybacks. Offsetting these positives are top-line pressures from the nonrenewal of a large PI binder, declines in net premiums earned, a worse combined ratio impacted by higher catastrophe losses and FX revaluation, elevated G&A from strategic investments, and ongoing competitive rate pressure in energy and property. Management frames the challenges as part of disciplined cycle management and expects to protect margins and capital while selectively pursuing profitable growth.Positive Updates
Strong Return on Equity and Profitability
Delivered return on average equity of ~18.6% for the full year (18.5% in Q4), demonstrating high profitability well above the company's long-term averages.
Negative Updates
Top-Line Pressure from Nonrenewal of Large PI Binder
Gross premiums written declined by $33.4M (just over 19% in Q4) and by the same $33.4M for the full year (approximately a 4.8 percentage-point impact), primarily due to the nonrenewal of a large professional indemnity binder in the long-tail portfolio.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Return on Equity and Profitability
Delivered return on average equity of ~18.6% for the full year (18.5% in Q4), demonstrating high profitability well above the company's long-term averages.
Read all positive updates
Company Guidance
Guidance for 2026 emphasized continued focus, consistency and underwriting discipline amid elevated competitive pressure (Waleed said competition likely to remain in the near term), with the firm expecting some top‑line contraction in pockets where IGI will walk away from business that doesn’t meet its profitability hurdles but expressing cautious optimism that long‑tail professional indemnity pricing may bottom in 2026; management noted market rate declines averaging around 10% at 1/1 and reiterated their cycle‑management approach (e.g., more facultative buying in softer markets). On capital, IGI will continue buybacks and special dividends when capital is surplus — it declared a $1.15 per‑share special dividend this morning, returned >$108 million to shareholders in 2025 (about $62M in repurchases and just over $46M in dividends), repurchased ~344,000 shares in Q4 at an average $23.51 with ~4.65M shares remaining under a $5M authorization. The company said its balance sheet supports this approach: book value per share grew ~14% to $16.91, return on average equity was ~18.6% (FY net income $127.2M, $2.89/share; Q4 $32.3M, $0.76/share), FY combined ratio was just under 86% (including ~14.5 pts accident‑year catastrophe losses and ~8 pts favorable reserve development and about a 6‑pt negative currency impact), gross assets were ~$2.1B with ~$1.32B of investments/cash (~80% fixed income, yield ~4.2%, duration ~3.6 years) and year‑end equity of ~$710M.International General Insurance Holdings Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 524.02M | 525.95M | 477.08M | 394.37M | 347.01M | 308.27M |
| Gross Profit | 224.05M | 230.30M | 213.02M | 166.61M | 114.35M | 86.06M |
| EBITDA | 122.22M | 135.69M | 128.59M | 90.94M | 48.57M | 32.14M |
| Net Income | 125.00M | 135.15M | 118.19M | 89.23M | 46.81M | 27.25M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 2.04B | 1.52B | 1.56B | 1.45B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 1.28B | 380.58M | 297.64M | 138.00M | 670.96M | 133.40M |
| Total Debt | 0.00 | 4.24M | 2.13M | 3.07M | 3.75M | 2.95M |
| Total Liabilities | 1.44B | 1.38B | 976.37M | 1.13B | 1.05B | 884.60M |
| Stockholders Equity | 686.50M | 654.80M | 540.43M | 410.94M | 401.90M | 381.01M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 202.84M | 193.36M | -86.62M | 127.44M | -92.48M |
| Operating Cash Flow | 0.00 | 209.47M | 196.61M | -85.35M | 129.79M | -90.57M |
| Investing Cash Flow | 0.00 | -186.57M | -90.36M | -1.24M | -2.49M | -1.91M |
| Financing Cash Flow | 0.00 | -49.68M | -49.16M | -12.55M | -16.89M | 35.66M |
International General Insurance Holdings Technical Analysis
Positive
25.24
Price Trends
23.50
Positive
23.11
Positive
22.72
Positive
Market Momentum
-0.16
Negative
53.52
Neutral
47.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IGIC, the sentiment is Positive. The current price of 25.24 is above the 20-day moving average (MA) of 23.25, above the 50-day MA of 23.50, and above the 200-day MA of 22.72, indicating a bullish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 53.52 is Neutral, neither overbought nor oversold. The STOCH value of 47.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IGIC.
International General Insurance Holdings Risk Analysis
International General Insurance Holdings disclosed 77 risk factors in its most recent earnings report. International General Insurance Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
International General Insurance Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.04B | 8.68 | 18.79% | 4.00% | 0.76% | ― | |
75 Outperform | $783.04M | 0.76 | 189.16% | ― | ― | ― | |
71 Outperform | $596.74M | 7.68 | 10.38% | 2.12% | 18.70% | 62.14% | |
70 Outperform | $9.67B | 11.89 | 15.32% | 6.98% | 7.08% | -4.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $1.51B | 66.09 | -30.28% | ― | 24.81% | 55.93% | |
56 Neutral | $1.65B | 9.21 | -0.57% | 2.55% | 11.71% | -101.08% |
* Financial Sector Average
IGIC
International General Insurance Holdings
23.57
-0.66
-2.73%
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YB
Yuanbao, Inc. Unsponsored ADR
17.37
2.37
15.80%
International General Insurance Holdings Corporate Events
IGI Declares Quarterly Dividend for Q3 2025
Dec 8, 2025
On December 3, 2025, International General Insurance Holdings Ltd. announced a quarterly ordinary common share dividend of $0.05 per share for the period from July 1 to September 30, 2025. This dividend is scheduled for payment on December 31, 202...
IGI Highlights Growth and Strategy at Southwest IDEAS Conference
Nov 19, 2025
On November 19, 2025, International General Insurance Holdings Ltd. presented at the Southwest IDEAS Investor Conference in Dallas. The company highlighted its 20-year history of steady growth and success, emphasizing its strong governance, social...
IGI CEO to Present at Southwest IDEAS Investor Conference
Nov 17, 2025
On November 17, 2025, International General Insurance Holdings Ltd. announced that its President CEO, Waleed Jabsheh, will present at the Southwest IDEAS Investor Conference in Dallas, Texas, on November 19, 2025. This presentation is part of IGI...
IGI Announces New 5 Million Share Repurchase Authorization
Nov 5, 2025
On November 5, 2025, International General Insurance Holdings Ltd. announced a new authorization to repurchase up to 5 million of its common shares, replacing a previous authorization of 7.5 million shares that has been fully utilized. This move i...
IGI Reports Strong Q3 2025 Financial Results with Increased Shareholder Returns
Nov 4, 2025
On November 4, 2025, International General Insurance Holdings Ltd. reported its financial results for the third quarter and first nine months of 2025. The company achieved strong profitability with a combined ratio of 76.5% for the third quarter a...
IGI Highlights Strong Q3 2025 Performance and Strategic Growth
Nov 4, 2025
On November 4, 2025, International General Insurance Holdings Ltd. released its Q3 2025 Investor Presentation, highlighting its strategic advantages and sustainable value creation. The company emphasized its strong financial position, with total a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.