International General Insurance Holdings ( (IGIC) ) has shared an announcement.
International General Insurance Holdings Ltd. reported its financial results for the fourth quarter and full year of 2024, highlighting a strong performance with a 5.9% increase in gross written premiums for the fourth quarter compared to the previous year. The company achieved a combined ratio of 79.9% for the full year and reported record net income and operating income, with a return on average equity of 22.6%. The results were driven by increased underwriting income and net investment income, alongside strategic capital management, which included returning nearly $50 million to shareholders through dividends and share repurchases.
More about International General Insurance Holdings
International General Insurance Holdings Ltd. (IGI) operates in the insurance industry, focusing on specialty insurance and reinsurance products. The company is headquartered in Amman, Jordan, and is listed on NASDAQ under the symbol IGIC. IGI’s market focus includes short-tail and long-tail specialty insurance segments, with a significant portion of its business derived from the reinsurance sector.
YTD Price Performance: 7.10%
Average Trading Volume: 87,880
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.18B
See more data about IGIC stock on TipRanks’ Stock Analysis page.