International General Insurance (IGIC) investor relations material

Company History, Business Model, and Strategic Outlook

• Founded in 2002 with $25 million capital, now nearly $700 million equity and 500 employees globally, operating as a Bermuda-domiciled specialist insurer with 25+ lines and global offices.

• Built on disciplined, consistent, and organic growth, focusing on long-term value creation and tangible book value growth.

• Maintains a single P&L, flat management structure, and significant family and insider ownership, ensuring strong alignment with shareholders.

• Achieved steady growth over 20+ years, with milestones including Nasdaq listing, regional expansion, and consistent dividend increases.

• Emphasizes stability and peace of mind during global uncertainty, with disciplined underwriting and risk management.

Portfolio Diversification, Cycle Management, and Risk

• Diversification across long-tail, short-tail, and reinsurance segments is central, with a balanced split across geographies and products.

• Actively shifts focus among segments based on market conditions, leveraging global reach and dynamic portfolio management.

• Avoids U.S. liability business, focusing on Europe, Middle East, and Africa for long-tail lines, and writes specialty risks globally.

• Growth in lines such as contingency post-COVID and political violence amid geopolitical unrest, with opportunity in political violence insurance.

• Demonstrates resilience and a combined ratio advantage over peers, even during catastrophe-heavy years.

Financial Performance and Capital Management

• Maintains strong financial ratings (A from S&P, A Excellent from AM Best), with a 10-year average combined ratio of 87.1% and core ROE of 14.5%.

• Recent years saw combined ratios in the high 70%s/low 80%s and ROEs in the low-to-mid 20%s, not expected as the new normal.

• Delivered a 10-year CAGR of 8.1% in tangible book value plus dividends and high-quality returns with lower volatility than peers.

• Capital management prioritizes underwriting growth, with excess capital returned via dividends and share buybacks, including a $700 million buyback.

• Conservative investment approach, heavily weighted to high-quality fixed income and cash, with zero financial leverage.