International General Insurance Holdings (IGIC) AI Stock Analysis

• Market Cap: $1.06B
• Dividend Yield: 4.18%
• Average Volume (3M): 88.80K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 0.84
• Revenue Growth: 0.76%
• EPS Growth: N/A
• Country: US
• Employees: 401
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 0.75
• Shares Outstanding: 43,958,733
• 10 Day Avg. Volume: 59,770
• 30 Day Avg. Volume: 88,797
• PEG Ratio: 0.47
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 2.00
• P/FCF Ratio: 5.18
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 4.58
• Enterprise Value/Ebitda: 8.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.73
• Revenue Forecast (FY): $535.50M

• Rating: 79 Outperform
• Price Target: $28.00 ▲(16.38% Upside)

IGIC's overall stock score reflects strong financial performance and attractive valuation, supported by robust profitability and a solid balance sheet. Positive technical indicators and a favorable earnings call sentiment further enhance the score, despite some challenges in premium growth and currency impacts.

Positive Factors

Financial Stability

IGIC's strong equity position and zero debt indicate financial stability, reducing leverage risks and supporting long-term operational resilience.

Revenue Growth

Consistent revenue growth underscores IGIC's expanding market reach and effective product offerings, enhancing its competitive position.

S&P Financial Grade Upgrade

The S&P upgrade to A reflects IGIC's strong financial foundation and enhances its credibility and business opportunities in the market.

Negative Factors

Decline in Gross Premiums

A decline in gross premiums indicates potential challenges in maintaining market share and could impact future revenue streams.

Cash Flow Concerns

Lack of recent cash flow data limits visibility into IGIC's cash generation ability, potentially affecting liquidity and investment capacity.

Decreased Underwriting Income

Decreased underwriting income suggests challenges in core operations, which could affect profitability and competitive positioning.

International General Insurance Holdings Business Overview & Revenue Model

Company Description

International General Insurance Holdings (IGIC) is a global provider of specialty insurance and reinsurance solutions, primarily focusing on the commercial and industrial sectors. The company operates across various regions, including the Americas, Europe, and the Middle East, offering a diverse range of products that include property, casualty, and marine insurance, among others. IGIC aims to deliver tailored insurance solutions that meet the unique needs of its clients while maintaining a commitment to risk management and financial stability.

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 insurance, liability insurance, and specialty lines such as marine and energy insurance. Additionally, IGIC may earn investment income from the premiums collected, which are held in reserve and invested in a diversified portfolio. The company also benefits from strategic partnerships with brokers and agents, which enhance its distribution capabilities and market reach, contributing significantly to its overall earnings.

International General Insurance Holdings Financial Statement Overview

Summary

IGIC demonstrates strong financial performance with significant revenue growth and robust profitability margins. The balance sheet reflects financial stability with zero debt and solid equity growth. However, the lack of current cash flow data limits a full evaluation of liquidity and cash management capabilities.

Income Statement

International General Insurance Holdings (IGIC) has demonstrated strong revenue growth with a notable increase from $471.96 million in 2023 to $539 million in 2024, indicating a robust revenue growth rate of approximately 14.2%. The gross profit margin remains high at 100%, showing effective cost management. The net profit margin improved to 25.1% in 2024 from 25.0% in 2023, reflecting stability in profitability. The EBIT margin also increased significantly to 83.0% in 2024, showcasing enhanced operational efficiency. However, the absence of reported EBITDA margins is a minor limitation.

Balance Sheet

The balance sheet shows a strong equity position with an equity ratio improving to 32.1% in 2024 from 35.6% in 2023, indicating stability in capitalization. The absence of total debt in 2024 is a positive sign of financial health, reducing leverage risks. Return on equity (ROE) remains impressive at 20.6%, emphasizing efficient use of shareholders' equity to generate profits. The improvement in stockholders' equity from $540.43 million in 2023 to $654.8 million in 2024 suggests a strong financial foundation. However, the decline in cash and cash equivalents poses a potential liquidity concern.

Cash Flow

The cash flow statement reveals challenges with operating cash flow not reported in 2024, diminishing insight into cash generation capabilities. The free cash flow to net income ratio for 2023 was strong, but the absence of current free cash flow data limits the analysis. Positive free cash flow in previous years highlights effective cash management, yet the lack of recent data hinders a comprehensive assessment. The trend of no capital expenditures in 2024 suggests cost containment, but it may also imply limited reinvestment for growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	546.52M	525.95M	477.08M	394.37M	347.01M	308.27M
Gross Profit	225.15M	230.30M	213.02M	166.61M	114.35M	86.06M
EBITDA	124.72M	135.69M	128.59M	90.94M	48.57M	32.14M
Net Income	126.00M	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	1.22B	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	1.46B	1.38B	976.37M	1.13B	1.05B	884.60M
Stockholders Equity	662.32M	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

• Technical Analysis Sentiment: Positive
• Last Price: 24.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 24.06 is above the 20-day moving average (MA) of 23.40, above the 50-day MA of 22.93, and above the 200-day MA of 23.73, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 61.80 is Neutral, neither overbought nor oversold. The STOCH value of 80.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IGIC.

International General Insurance Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGIC	79 Outperform	$1.06B	8.73	18.68%	4.18%	0.76%	―
ORI	77 Outperform	$11.24B	13.66	12.96%	7.10%	7.08%	-4.36%
WDH	74 Outperform	$677.83M	11.37	9.09%	2.12%	5.03%	67.30%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
YB	67 Neutral	$930.91M	2.50	―	―	―	―
GSHD	59 Neutral	$2.80B	66.82	―	―	24.81%	55.93%
FIHL	57 Neutral	$1.96B	―	-0.57%	2.42%	11.71%	-101.08%

International General Insurance Holdings Corporate Events

IGI Highlights Growth and Strategy at Southwest IDEAS Conference

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 responsibility, and strategic initiatives aimed at generating shareholder value. IGI’s robust financial performance and commitment to sustainability and diversity were also underscored, reflecting its stable outlook and solid market positioning.

IGI CEO to Present at Southwest IDEAS Investor Conference

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’s ongoing efforts to engage with investors and stakeholders, potentially impacting its visibility and market positioning. The event will be webcast, allowing broader access to the company’s strategic insights.

IGI Announces New 5 Million Share Repurchase Authorization

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 indicates IGI’s commitment to managing its capital structure and potentially enhancing shareholder value, depending on market conditions and other business considerations.

IGI Reports Strong Q3 2025 Financial Results with Increased Shareholder Returns

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 and an annualized return on average equity of 19.9%. Despite a slight decrease in net income compared to the previous year, IGI demonstrated resilience by growing its book value per share by 9.3% and returning $98 million to shareholders through dividends and share repurchases. The company’s financial strength was further affirmed by an upgrade to an ‘A’ rating with a stable outlook by S&P Global Ratings.

IGI Highlights Strong Q3 2025 Performance and Strategic Growth

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 assets of $2.1 billion and a stable outlook from financial strength ratings. IGI’s diversified portfolio and global presence contribute to its consistent earnings across market cycles, with a focus on maintaining capital strength and returning excess capital to shareholders through dividends and share repurchases. The presentation also noted the company’s commitment to long-term value creation and its ability to adapt to market changes while mitigating risks.

International General Insurance Holdings Releases H1 2025 Financials

International General Insurance Holdings Ltd. released its interim condensed consolidated financial statements for the six months ended June 30, 2025. The report highlights a decrease in total investments from $1,137,462 at the end of 2024 to $1,100,440 as of June 30, 2025. The financial statements provide insights into the company’s financial condition and results of operations, which are crucial for stakeholders to assess the company’s performance and strategic positioning in the insurance market.