International General Insurance Holdings (IGIC) has released an update.
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International General Insurance Holdings (IGI) reported a robust financial performance in the third quarter of 2024, with net income rising significantly to $34.5 million, driven by higher net premiums earned and favorable investment conditions. Although gross written premiums slightly decreased in the quarter compared to the previous year, IGI maintained a strong return on equity of 22.3%, emphasizing its strategic focus on risk selection and discipline. The company continues to build a solid capital base and aims to deliver consistent value for shareholders through dividends and share repurchases.
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