See more : U City Public Company Limited (U.BK) 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 Reports Fourth Quarter and Full Year 2023 Condensed and Unaudited Financial Results
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the fourth quarter and full year of 2023. The Company's unaudited financial results have been reported in accordance with Generally Accepted Accounting...
IGI Provides Preliminary Unaudited Fourth Quarter and Full Year 2023 Financial Results Highlights in Advance of the Annual AIFA Conference
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced preliminary unaudited financial results highlights for the fourth quarter and full year 2023. These preliminary unaudited financial results highlights are being reported in advance of...
International General Insurance: An Exceptional, Undiscovered Small-Cap
International General Insurance Holdings is a Middle East-based insurance group specializing in specialty insurance and reinsurance. IGIC has a strong track record of creating shareholder value, with nearly doubling its book value per share since 2013. The company generates higher...
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 $0.01 per share for the period July 1, 2023 – September 30,...
International General Insurance: This Top-Rated Small-Cap Is Still Cheap
International General Insurance Holdings is a $520-million market cap specialist commercial insurance and reinsurance group with a presence in over 200 countries and markets worldwide. In Q3 FY2023, IGIC reported a 51.8% YoY decrease in net income. But the firm...
International General Insurance Holdings Ltd. (IGIC) Q3 2023 Earnings Call Transcript
International General Insurance Holdings Ltd. (NASDAQ:IGIC ) Q3 2023 Results Conference Call November 15, 2023 9:00 AM ET Company Participants Robin Sidders - Head of Investor Relations Wasef Jabsheh - Executive Chairman Waleed Jabsheh - Chief Executive Officer Pervez Rizvi...
IGI Reports Third Quarter and First Nine Months of 2023 Condensed and 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 2023. Since January 1, 2023, IGI's results have been reported in accordance with Generally...
International General Insurance: Underfollowed Stock Trading At Low Multiples
IGIC is a specialty insurance company with strong growth and profitability, trading at low valuation multiples. The company has consistently generated book value growth and strong return on equity over the past decade. IGIC delivered a strong quarter with increased...
IGI Issues Notice of Redemption With Respect to its Outstanding Warrants
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (Nasdaq: IGIC) announced today that it has issued a notice of redemption pursuant to which it will redeem for cash all of its outstanding warrants (“Warrants”) that were not...
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