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International General Insurance Holdings Ltd. (IGIC)
:IGIC
RESEARCH TOOLSreports
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.84Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -3.64%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
IGI had a strong financial year with record achievements and growth in several areas, particularly in its U.S. market expansion and investment performance. However, increased competition, rate pressure, and a challenging loss environment point to some difficulties. Despite these challenges, IGI’s disciplined approach and solid financial foundation suggest a cautiously optimistic outlook.Company Guidance
During the International General Insurance Holdings Ltd.’s Fourth Quarter 2024 Financial Results Conference Call, key guidance metrics highlighted included a robust performance with a combined ratio of 77.8% for the fourth quarter and 79.9% for the full year. The company also achieved a record core operating income of $40.9 million in Q4, contributing to a total of almost $145 million for the year, leading to a core operating return on equity of 25% for Q4 and 24.2% for the full year. Despite increased competition, gross premiums rose by nearly 6% in Q4 and 2% for the full year. The company's book value per share increased by almost 20% year-over-year. It was also noted that the company maintained its underwriting discipline, especially in challenging market conditions, leading to a record net income of $135.2 million for 2024. The company expanded its asset base by 11%, with investments and cash portfolio growing by over 14%, generating almost $52 million in investment income with a yield of 4.3%. These results reflect IGI's strategic focus on disciplined growth and capital management, despite a competitive and challenging market environment.Outstanding Year in 2024
IGI reported solid results across all important financial metrics, including growth in book value per share of almost 20% and with dividends included, over 24%.
Strong Financial Track Record
Since going public, IGI has doubled its underwriting portfolio and more than doubled its asset base, investments, and cash portfolio, achieving an average core operating return on equity of 20.1%.
Record Core Operating Income
For Q4, IGI achieved a record core operating income of $40.9 million, and for the full year, almost $145 million, leading to a core operating return on average equity of 24.2%.
U.S. Market Growth
IGI wrote over $120 million in gross premiums in the U.S., highlighting significant growth and opportunities in the market.
Investment Portfolio Performance
IGI’s investments and cash portfolio grew by more than 14% during the year, with a fixed income yield of 4.3%, generating almost $52 million in investment income.
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International General Insurance Holdings (IGIC) Earnings, Revenues Date & History
IGIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IGIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $26.37 | $26.58 | +0.80% |
| Nov 05, 2024 | $21.58 | $22.72 | +5.28% |
| Aug 06, 2024 | $15.98 | $15.65 | -2.07% |
| May 07, 2024 | $13.56 | $14.10 | +3.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International General Insurance Holdings Ltd. (IGIC) report earnings?
International General Insurance Holdings Ltd. (IGIC) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is International General Insurance Holdings Ltd. (IGIC) earnings time?
International General Insurance Holdings Ltd. (IGIC) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IGIC EPS forecast?
IGIC EPS forecast for the fiscal quarter 2025 (Q1) is 0.61.
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