See more : Revolution Acceleration Acquisition Corp (RAAC) Income Statement Analysis – Financial Results
Complete financial analysis of International General Insurance Holdings Ltd. (IGIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of International General Insurance Holdings Ltd., a leading company in the Insurance – Diversified industry within the Financial Services sector.
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International General Insurance Holdings Ltd. (IGIC)
About International General Insurance Holdings Ltd.
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 portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, casualty, financial institutions, marine, contingency, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 471.96M | 386.60M | 357.10M | 296.00M | 249.94M | 207.99M | 179.48M | 184.68M | 168.20M |
| Cost of Revenue | 360.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 471.60M | 386.60M | 357.10M | 296.00M | 249.94M | 207.99M | 179.48M | 184.68M | 168.20M |
| Gross Profit Ratio | 99.92% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 78.93M | 67.50M | 58.90M | 50.30M | 39.22M | 30.84M | 26.75M | 30.87M | 28.30M |
| Selling & Marketing | 0.00 | 2.98M | 1.36M | 1.35M | 3.34M | 3.49M | 3.00M | 1.28M | 0.00 |
| SG&A | 78.93M | 67.50M | 58.90M | 50.30M | 42.56M | 34.33M | 29.75M | 32.15M | 28.30M |
| Other Expenses | 398.16M | -370.07M | -372.51M | -313.16M | -268.89M | -216.87M | -202.34M | 0.00 | 0.00 |
| Operating Expenses | 477.08M | -302.57M | -313.61M | -262.86M | -226.32M | -182.54M | -172.59M | 152.66M | 132.40M |
| Cost & Expenses | 477.08M | 298.90M | 311.60M | 262.30M | 224.69M | 182.39M | 172.46M | 152.66M | 132.40M |
| Interest Income | 40.74M | 21.10M | 14.83M | 12.86M | 11.98M | 10.74M | 10.12M | 0.00 | 0.00 |
| Interest Expense | 0.00 | 132.00K | 358.00K | 203.00K | 108.43K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.55M | 3.08M | 3.56M | 2.61M | 1.96M | 1.36M | 1.49M | -30.75M | -37.70M |
| EBITDA | 0.00 | 90.94M | 47.06M | 30.01M | 25.58M | 26.81M | 8.37M | 3.13M | -1.90M |
| EBITDA Ratio | 0.00% | 22.68% | 13.18% | 12.08% | 10.23% | 12.89% | 4.66% | 1.70% | -1.13% |
| Operating Income | 123.01M | 84.03M | 43.49M | 33.14M | 23.62M | 25.45M | 6.89M | 30.75M | 37.70M |
| Operating Income Ratio | 26.06% | 21.74% | 12.18% | 11.20% | 9.45% | 12.24% | 3.84% | 16.65% | 22.41% |
| Total Other Income/Expenses | 3.04M | -235.18M | 46.67M | 31.45M | 48.03M | 49.21M | -137.85M | 1.27M | -1.90M |
| Income Before Tax | 126.05M | 87.70M | 45.50M | 33.70M | 25.25M | 25.60M | 7.02M | 32.02M | 35.80M |
| Income Before Tax Ratio | 26.71% | 22.68% | 12.74% | 11.39% | 10.10% | 12.31% | 3.91% | 17.34% | 21.28% |
| Income Tax Expense | 7.85M | 2.20M | 1.90M | 2.10M | 1.69M | 62.00K | -14.42K | 932.13K | 800.00K |
| Net Income | 118.19M | 89.23M | 46.81M | 27.25M | 23.57M | 25.54M | 7.03M | 32.95M | 35.00M |
| Net Income Ratio | 25.04% | 23.08% | 13.11% | 9.21% | 9.43% | 12.28% | 3.92% | 17.84% | 20.81% |
| EPS | 2.58 | 1.74 | 0.89 | 0.59 | 0.09 | 0.53 | 0.15 | 0.23 | 0.24 |
| EPS Diluted | 2.55 | 1.74 | 0.89 | 0.59 | 0.09 | 0.53 | 0.15 | 0.23 | 0.24 |
| Weighted Avg Shares Out | 42.94M | 45.55M | 45.47M | 43.05M | 21.49M | 48.45M | 48.45M | 143.38M | 143.38M |
| Weighted Avg Shares Out (Dil) | 43.47M | 45.55M | 45.47M | 43.05M | 21.49M | 48.45M | 48.45M | 143.38M | 143.38M |
IGI President & CEO Waleed Jabsheh to Present at the 16th Annual Southwest IDEAS Investor Conference on November 20, 2024 in Dallas, Texas
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that President & CEO Waleed Jabsheh will present at the Southwest IDEAS Investor Conference on Wednesday, November 20, 2024 at The Statler in Dallas, Texas....
IGI Announces Quarterly Ordinary Common Share Dividend
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has declared an ordinary common share dividend of $0.025 per share for the period July 1, 2024 – September 30,...
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International General Insurance Holdings Ltd. (IGIC) Q3 2024 Earnings Call Transcript
International General Insurance Holdings Ltd. (NASDAQ:IGIC ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Robin Sidders – Head-Investor Relations Wasef Jabsheh – Executive Chairman Waleed Jabsheh – President and Chief Executive Officer Conference Call...
IGI Reports Third Quarter and First Nine Months of 2024 Unaudited Financial Results
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the third quarter and first nine months of 2024. Highlights for the third quarter and first nine months of 2024 include: (in...
IGI Announces Move to New London Offices
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that they will move their London operations to new offices on the 15th floor of the iconic ‘Walkie-Talkie' Building at 20 Fenchurch Street, London, EC3M...
IGI to Release Third Quarter and Nine Months 2024 Financial Results on November 5, 2024
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it expects to release financial results for the third quarter and first nine months of 2024, on Tuesday, November 5, 2024, after the close...
IGI to Release Second Quarter and Half Year 2024 Financial Results on August 6, 2024
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it expects to release financial results for the second quarter and half year 2024, on Tuesday, August 6, 2024, after the close of the...
IGI Increases its Repurchase Authorization to 7.5 Million Common Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has increased the Company's existing share repurchase authorization to 7.5 million shares of its issued and outstanding common stock. This...
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