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International General Insurance Holdings (IGIC)
NASDAQ:IGIC
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 14, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.6Last Year’s EPS
0.73Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -10.49%
|Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected resilience and strategic adaptability in a challenging environment. While IGI demonstrated strong growth in premiums and a solid combined ratio, it faced significant challenges from increased loss activity and currency volatility. The company's strategic focus on diversification and disciplined underwriting provided stability, but the quarter's results were tempered by lower net income and challenges in the long-tail segment.Company Guidance
During the first quarter of 2025, International General Insurance Holdings Ltd. reported a combined ratio of 94.4%, highlighting the strength of their diversification strategy amidst a challenging environment with significantly elevated loss events and macroeconomic volatility. The company returned $43.5 million to shareholders, which included a special dividend of $0.85 per share. Gross written premiums (GWP) grew over 13% to $206 million, primarily due to growth in the reinsurance segment. The net earned premium stood just under $113 million, factoring in $7.3 million of reinstatement premiums paid on loss-affected accounts. The quarter also saw a net income of $27.3 million or $0.59 per share, compared to $37.9 million or $0.84 per share in the first quarter of 2024. Core operating income was $19.5 million, with a return on average shareholder equity of 16.7%. The company faced higher levels of natural catastrophes such as the California wildfires and earthquakes in Taiwan, along with increased foreign exchange volatility, which impacted non-U.S. dollar reserves by approximately 10 points on the combined ratio. Total equity was reported at just over $650 million, with a book value per share of $14.65, while the total return perspective showed a 4.5% increase in book value per share plus dividends at the end of Q1 from the end of the previous year.Strong Growth in Gross Written Premiums
IGI reported a 13% growth in gross written premiums, surpassing $206 million, primarily driven by the reinsurance segment, which grew by almost 44%.
Solid Combined Ratio Performance
The company achieved a combined ratio of 94.4%, reflecting resilience despite a challenging quarter with significant market losses.
Return to Shareholders
For the second consecutive year, IGI paid a special dividend of $0.85, returning a total of $43.5 million to shareholders during the first quarter.
Positive Prior Year Development
The company experienced favorable prior year development of $25.8 million, primarily driven by positive experience in the short-tail segment.
Investment Income Growth
Investment income increased by over 15% from Q1 2024, with fixed income securities generating $13.6 million at a yield of 4.3%.
International General Insurance Holdings (IGIC) Earnings, Revenues Date & History
IGIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IGIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $25.74 | $23.51 | -8.66% |
Feb 25, 2025 | $25.48 | $25.69 | +0.82% |
Nov 05, 2024 | $20.85 | $21.95 | +5.28% |
Aug 06, 2024 | $15.44 | $15.13 | -2.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does International General Insurance Holdings (IGIC) report earnings?
International General Insurance Holdings (IGIC) is schdueled to report earning on Aug 14, 2025, TBA Not Confirmed.
What is International General Insurance Holdings (IGIC) earnings time?
International General Insurance Holdings (IGIC) earnings time is at Aug 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IGIC EPS forecast?
IGIC EPS forecast for the fiscal quarter 2025 (Q2) is 0.6.