International General Insurance Holdings Ltd.
IGIC · Insurance Carriers, NEC · EDGAR filings ↗
Grade
B78Disciplined specialty insurer with strong, consistent underwriting returns and high net margin.
Strengths
- Strong ROE (17.9%, 77th pct) and ROA (6.0%, 80th pct) with net margin 24.6% (88.8th pct)
- Excellent long-run underwriting (avg combined ratio ~82.8%, ~18.2% unlevered ROAE) and highly-rated, diversified specialty book
Risks
- Revenue/GWP dipped -4% with net income down ~6% this year
- Catastrophe, reserve-adequacy and reinsurance-availability exposure inherent to specialty lines
Notable findings
- Strong balance sheetStrong balance sheet — $186M cash & investments
Key metrics
Net margin
24.6%
Return on equity
17.9%
Return on assets
6.1%
Revenue growth (QoQ)
-4.1%
Net-income growth
-5.9%
Tangible book value
$710M
Cash & investments
$186M
Stock comp / revenue
1.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-09 | Rizvi Pervez | Grant | 24 | $25.31 |
| 2026-04-09 | Rizvi Pervez | Grant | 24 | — |
| 2026-04-09 | Jabsheh Walid | Grant | 24 | $25.31 |
| 2026-04-09 | Jabsheh Walid | Grant | 24 | — |
| 2026-04-09 | Jarvis Christopher | Grant | 24 | $25.31 |
| 2026-04-09 | Jarvis Christopher | Grant | 24 | — |
| 2026-04-09 | Loucaides Andreas Costas | Grant | 24 | $25.31 |
| 2026-04-09 | Loucaides Andreas Costas | Grant | 24 | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-21 | 2025-12-31 | 0001794338-26-000012 ↗ |
| 20-F | 2025-04-01 | 2024-12-31 | 0001794338-25-000022 ↗ |
| 20-F | 2024-04-08 | 2023-12-31 | 0001213900-24-031166 ↗ |
| 20-F | 2023-04-06 | 2022-12-31 | 0001213900-23-027735 ↗ |
| 20-F | 2022-04-01 | 2021-12-31 | 0001213900-22-017213 ↗ |
| 20-F | 2021-04-02 | 2020-12-31 | 0001213900-21-019770 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0001213900-20-010502 ↗ |