NASDAQ : IGIC
International General Insurance Holdings Ltd. — Financial statements
Financials · Insurance - Diversified · Jordan
Last price 24.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.03B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 462.21M | 453.81M | 483.13M | 447.15M | 376.39M | 336.63M |
| Total Interest & Dividend Income | 55.84M | 54.74M | 51.88M | 40.46M | 20.95M | 14.49M |
| Gain (Loss) on Sale of Investments | 2.91M | 5.61M | 2.01M | 9.78M | -6.56M | -3.47M |
| Other Revenue | 3.22M | 2.72M | 1.99M | 1.86M | 2.44M | 2.73M |
| Total Revenue | 524.18M | 516.88M | 539.01M | 499.25M | 393.22M | 350.38M |
| Policy Benefits | 219.08M | 215.78M | 216.11M | 189.09M | 157.56M | 173.04M |
| Policy Acquisition & Underwriting Costs | 77.77M | 76.87M | 79.53M | 74.98M | 70.20M | 59.62M |
| Selling, General & Administrative | 100.25M | 97.05M | 90.36M | 78.93M | 67.24M | 58.23M |
| Provision for Bad Debts | -444.00K | 856.00K | 1.48M | 2.45M | 3.24M | 3.26M |
| Other Operating Expenses | 8.26M | 7.26M | 6.17M | 5.59M | 3.96M | 4.23M |
| Total Operating Expenses | 404.92M | 397.82M | 393.66M | 351.04M | 302.20M | 298.38M |
| Operating Income | 119.26M | 119.06M | 145.35M | 148.21M | 91.02M | 52.00M |
| Currency Exchange Gain (Loss) | -12.62M | 8.08M | -8.13M | 5.12M | -3.45M | -3.37M |
| Other Non Operating Income (Expenses) | -4.93M | -27.29M | 4.60M | |||
| EBT Excluding Unusual Items | 106.64M | 127.14M | 132.29M | 126.05M | 92.17M | 48.63M |
| Pretax Income | 106.64M | 127.14M | 132.29M | 126.05M | 92.17M | 48.63M |
| Income Tax Expense | -1.61M | -10.00K | -2.86M | 7.85M | 2.93M | 1.81M |
| Net Income | 108.25M | 127.15M | 135.15M | 118.19M | 89.23M | 46.81M |
| Preferred Dividends & Other Adjustments | 1.10M | 896.00K | 1.94M | 7.50M | 5.05M | 2.10M |
| Net Income to Common | 107.15M | 126.25M | 133.21M | 110.69M | 84.18M | 44.72M |
| Shares Outstanding (Basic) | 42.18M | 43.28M | 44.23M | 42.94M | 45.55M | 45.47M |
| Shares Outstanding (Diluted) | 42.57M | 43.67M | 44.74M | 43.47M | 45.67M | 45.54M |
| EPS (Basic) | 2.54 | 2.92 | 3.01 | 2.58 | 1.85 | 0.98 |
| EPS (Diluted) | 2.52 | 2.89 | 2.98 | 2.55 | 1.84 | 0.98 |
| Free Cash Flow | 107.19M | 202.84M | 193.36M | 153.60M | 172.91M | |
| Free Cash Flow Per Share | 2.46 | 4.53 | 4.45 | 3.36 | 3.80 | |
| Dividend Per Share | 0.35 | 0.20 | 0.10 | 0.04 | 0.04 | 0.35 |
| Operating Margin | 22.75% | 23.04% | 26.97% | 29.69% | 23.15% | 14.84% |
| Profit Margin | 20.44% | 24.43% | 24.71% | 22.17% | 21.41% | 12.76% |
| Free Cash Flow Margin | 20.74% | 37.63% | 38.73% | 39.06% | 49.35% | |
| EBITDA | 122.93M | 122.64M | 148.75M | 150.76M | 94.10M | 54.77M |
| EBITDA Margin | 23.45% | 23.73% | 27.60% | 30.20% | 23.93% | 15.63% |
| D&A For EBITDA | 3.67M | 3.58M | 3.40M | 2.55M | 3.08M | 2.77M |
| EBIT | 119.26M | 119.06M | 145.35M | 148.21M | 91.02M | 52.00M |
| EBIT Margin | 22.75% | 23.04% | 26.97% | 29.69% | 23.15% | 14.84% |
| Effective Tax Rate | 6.23% | 3.18% | 3.73% | |||
| Revenue as Reported | 524.18M | 516.88M | 539.01M | 499.25M | 393.22M | 350.38M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 1.01B | 1.07B | 1.00B | 767.58M | 491.07M | 420.92M |
| Investments in Equity & Preferred Securities | 33.70M | 23.34M | 30.93M | 29.73M | 36.32M | 26.46M |
| Other Investments | 52.20M | 44.88M | 102.44M | 158.35M | 309.26M | 179.97M |
| Total Investments | 1.09B | 1.13B | 1.14B | 955.67M | 836.65M | 672.19M |
| Cash & Equivalents | 197.20M | 186.18M | 155.25M | 177.02M | 122.14M | 237.15M |
| Reinsurance Recoverable | 355.90M | 347.82M | 339.01M | 321.10M | 288.82M | 425.72M |
| Other Receivables | 370.70M | 291.74M | 271.35M | 256.69M | 216.70M | 5.07M |
| Deferred Policy Acquisition Cost | 79.60M | 70.62M | 67.06M | 65.27M | 57.94M | 64.84M |
| Property, Plant & Equipment | 26.40M | 30.30M | 26.11M | 27.16M | 14.86M | |
| Other Intangible Assets | 4.32M | |||||
| Restricted Cash | 18.68M | 13.00M | 18.00M | 15.80M | 5.00M | |
| Other Current Assets | 4.69M | |||||
| Long-Term Deferred Tax Assets | 5.50M | 4.89M | 6.95M | 4.16M | 5.79M | 471.00K |
| Long-Term Deferred Charges | 17.24M | |||||
| Other Long-Term Assets | 76.30M | 19.97M | 17.17M | 13.89M | 9.01M | 188.00K |
| Total Assets | 2.18B | 2.10B | 2.04B | 1.84B | 1.58B | 1.45B |
| Accounts Payable | 11.26M | |||||
| Accrued Expenses | 12.77M | |||||
| Insurance & Annuity Liabilities | 103.90M | 95.87M | 90.05M | 89.70M | 90.35M | 5.00M |
| Unpaid Claims | 842.90M | 798.34M | 794.24M | 712.10M | 636.25M | 575.90M |
| Unearned Premiums | 533.90M | 469.90M | 465.24M | 443.52M | 389.86M | 342.45M |
| Reinsurance Payable | 84.52M | |||||
| Current Portion of Leases | 1.31M | 1.00M | ||||
| Current Income Taxes Payable | 200.00 | 1.25M | ||||
| Long-Term Leases | 254.00K | 4.24M | 2.13M | 2.66M | 2.75M | |
| Long-Term Deferred Tax Liabilities | 14.00K | |||||
| Other Long-Term Liabilities | 27.20M | 24.98M | 28.93M | 50.01M | 49.96M | 12.94M |
| Total Liabilities | 1.51B | 1.39B | 1.38B | 1.30B | 1.17B | 1.05B |
| Common Stock | 400.00K | 428.00K | 453.00K | 445.00K | 460.00K | 489.00K |
| Additional Paid-In Capital | 77.50M | 86.86M | 144.94M | 137.62M | 147.93M | 159.54M |
| Retained Earnings | 600.50M | 612.63M | 531.67M | 423.05M | 306.60M | 232.62M |
| Treasury Stock | -4.70M | -35.00K | -3.68M | -49.00K | -14.00K | |
| Comprehensive Income & Other | -4.70M | 10.27M | -18.55M | -20.64M | -44.04M | 9.21M |
| Shareholders' Equity | 669.00M | 710.15M | 654.83M | 540.43M | 410.94M | 401.87M |
| Total Liabilities & Equity | 2.18B | 2.10B | 2.04B | 1.84B | 1.58B | 1.45B |
| Filing Date Shares Outstanding | 41.69M | 41.99M | 44.12M | 43.58M | 45.31M | 48.88M |
| Total Common Shares Outstanding | 41.69M | 41.99M | 44.12M | 43.58M | 45.31M | 48.88M |
| Total Debt | 1.56M | 4.24M | 2.13M | 2.66M | 3.75M | |
| Net Cash (Debt) | 197.20M | 184.62M | 151.01M | 174.89M | 119.48M | 233.39M |
| Net Cash Per Share | 4.63 | 4.23 | 3.38 | 4.02 | 2.62 | 5.12 |
| Book Value Per Share | 16.05 | 16.91 | 14.84 | 12.40 | 9.07 | 8.22 |
| Tangible Book Value | 669.00M | 710.15M | 654.83M | 540.43M | 410.94M | 397.54M |
| Tangible Book Value Per Share | 16.05 | 16.91 | 14.84 | 12.40 | 9.07 | 8.13 |
| Buildings | 4.00M | |||||
| Machinery | 16.50M | |||||
| Construction In Progress | 135.00K | |||||
| Leasehold Improvements | 2.29M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 127.15M | 135.15M | 118.19M | 89.23M | 46.81M | |
| Depreciation & Amortization | 3.58M | 3.40M | 2.55M | 3.08M | 2.77M | |
| Gain (Loss) on Sale of Assets | -47.00K | -29.00K | -89.00K | 112.00K | 10.00K | |
| Gain (Loss) on Sale of Investments | -2.66M | 148.00K | -7.69M | 8.75M | 5.17M | |
| Stock-Based Compensation | 6.79M | 4.63M | 3.25M | 2.30M | 1.19M | |
| Change in Accounts Receivable | -18.26M | -10.83M | -34.81M | -8.62M | -18.82M | |
| Reinsurance Recoverable | -7.95M | -2.61M | -28.67M | -3.86M | 17.14M | |
| Change in Unearned Revenue | 3.80M | 6.42M | 50.06M | 16.43M | 42.40M | |
| Change in Insurance Reserves / Liabilities | 9.92M | 82.49M | 75.20M | 56.08M | 81.23M | |
| Change in Other Net Operating Assets | -12.34M | -12.51M | -1.60M | -4.18M | 6.84M | |
| Other Operating Activities | 1.73M | 5.00M | 27.55M | -3.28M | 53.00K | |
| Operating Cash Flow | 108.14M | 209.47M | 196.61M | 154.88M | 175.29M | |
| Capital Expenditures | -944.00K | -6.63M | -3.25M | -1.27M | -2.38M | |
| Sale of Property, Plant & Equipment | 47.00K | 29.00K | 89.00K | 543.00K | 1.12M | |
| Cash Acquisitions | -1.10M | -146.00K | ||||
| Investment in Securities | 36.83M | -179.97M | -86.11M | -245.80M | -50.05M | |
| Investing Cash Flow | 35.93M | -186.57M | -90.36M | -246.53M | -51.46M | |
| Issuance of Common Stock | 664.00K | |||||
| Repurchases of Common Stock | -61.92M | -23.15M | -31.09M | -2.39M | ||
| Common Dividends Paid | -46.20M | -26.53M | -1.75M | -10.15M | -15.13M | |
| Other Financing Activities | -16.32M | |||||
| Financing Cash Flow | -107.45M | -49.68M | -49.16M | -12.55M | -15.13M | |
| Net Cash Flow | 36.61M | -26.78M | 57.08M | -104.20M | 108.71M | |
| Free Cash Flow | 107.19M | 202.84M | 193.36M | 153.60M | 172.91M | |
| Free Cash Flow Margin | 20.74% | 37.63% | 38.73% | 39.06% | 49.35% | |
| Free Cash Flow Per Share | 2.46 | 4.53 | 4.45 | 3.36 | 3.80 | |
| Levered Free Cash Flow | 116.02M | 121.22M | 373.77M | 320.90M | 47.03M | |
| Unlevered Free Cash Flow | 116.02M | 121.22M | 373.77M | 320.90M | 47.03M | |
| Free Cash Flow After Leases | 107.19M | 202.84M | 193.36M | 153.60M | 172.91M | |
| Cash Income Tax Paid | 321.00K | 4.62M | 6.63M | 2.76M | 2.33M | |
| Change in Working Capital | -28.41M | 61.17M | 52.85M | 54.68M | 119.28M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.02B | 1.06B | 1.05B | 548.51M | 393.26M | 395.97M |
| Enterprise Value | 818.88M | 871.23M | 892.97M | 433.71M | 146.56M | 171.57M |
| PE Ratio | 9.68 | 8.41 | 7.91 | 4.96 | 4.67 | 8.86 |
| PS Ratio | 1.94 | 2.06 | 1.95 | 1.10 | 1.00 | 1.13 |
| PB Ratio | 1.52 | 1.50 | 1.61 | 1.01 | 0.96 | 0.98 |
| P/FCF Ratio | 9.91 | 5.19 | 2.84 | 2.56 | 2.29 | |
| P/OCF Ratio | 9.82 | 5.03 | 2.79 | 2.54 | 2.26 | |
| EV/Sales Ratio | 1.56 | 1.69 | 1.66 | 0.87 | 0.37 | 0.49 |
| EV/EBITDA Ratio | 6.66 | 7.10 | 6.00 | 2.88 | 1.56 | 3.13 |
| EV/EBIT Ratio | 6.87 | 7.32 | 6.14 | 2.93 | 1.61 | 3.30 |
| EV/FCF Ratio | 8.13 | 4.40 | 2.24 | 0.95 | 0.99 | |
| Debt / Equity Ratio | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | |
| Debt / EBITDA Ratio | 0.01 | 0.03 | 0.01 | 0.03 | 0.07 | |
| Debt / FCF Ratio | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | |
| Net Debt / Equity Ratio | -0.29 | -0.26 | -0.23 | -0.32 | -0.29 | -0.58 |
| Net Debt / EBITDA Ratio | -1.60 | -1.50 | -1.01 | -1.16 | -1.27 | -4.26 |
| Net Debt / FCF Ratio | -1.72 | -0.74 | -0.90 | -0.78 | -1.35 | |
| Quick Ratio | 0.43 | 0.39 | 0.40 | 0.40 | 0.58 | 0.69 |
| Current Ratio | 0.70 | 0.69 | 0.69 | 0.70 | 0.89 | 1.44 |
| Asset Turnover | 0.24 | 0.25 | 0.28 | 0.29 | 0.26 | 0.26 |
| Return on Equity (ROE) | 16.26% | 18.63% | 22.61% | 24.85% | 21.96% | 11.96% |
| Return on Assets (ROA) | 3.47% | 3.60% | 4.69% | 5.42% | 3.75% | 2.38% |
| Return on Invested Capital (ROIC) | 18.03% | 17.37% | 24.19% | 29.07% | 21.51% | 12.68% |
| Earnings Yield | 10.33% | 11.97% | 12.83% | 21.55% | 22.69% | 11.82% |
| FCF Yield | 10.09% | 19.25% | 35.25% | 39.06% | 43.67% | |
| Dividend Yield | 5.95% | 0.79% | 0.42% | 0.32% | 0.46% | 4.32% |
| Payout Ratio | 55.63% | 36.33% | 19.63% | 1.48% | 11.38% | 32.31% |
| Buyback Yield / Dilution | 4.89% | 2.39% | -2.92% | 4.81% | -0.28% | -5.79% |
| Total Shareholder Return | 10.84% | 3.18% | -2.50% | 5.13% | 0.18% | -1.47% |