International General Insurance Holdings Ltd. (IGIC) has released an update.
International General Insurance Holdings Ltd. (IGI) has reported a strong start to 2024 with a notable 11.8% increase in net income to $37.9 million for Q1, compared to the previous year. Underwriting income saw a significant rise of 30.7%, and the combined ratio improved to 74.1%, indicating a robust financial performance. This positive momentum is underpinned by growth in gross written premiums and disciplined underwriting practices, positioning the company well for sustainable shareholder value.
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