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International General Insurance Holdings (IGIC) investor relations material
International General Insurance Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q3 2025 net income of $33.5M and nine-month net income of $94.9M, with annualized ROAE of 19.9%-20% and book value per share up 9.3% to $16.23.
Returned $98M to shareholders in nine months via dividends and buybacks, including a $0.85 special dividend.
S&P Global Ratings upgraded financial strength rating to A with stable outlook.
Maintains zero financial leverage and a conservative investment strategy, with a $1.316B investment portfolio as of September 30, 2025.
CEO succession in 2024: Waleed Jabsheh named CEO, Wasef Jabsheh named Executive Chairman.
Financial highlights
Q3 2025 gross written premiums were $131.3M (down 5% YoY); net premiums earned were $114.7M (down from $126.1M YoY).
Q3 2025 underwriting income rose 24.2% YoY to $51.4M; nine-month underwriting income was $114.3M (down 17.6% YoY).
Combined ratio improved to 76.5% in Q3 2025 (vs. 86% YoY); nine-month combined ratio was 87.1% (vs. 80.5% YoY).
Core operating income in Q3 2025 was $38.6M ($0.87/share), up from $30.7M ($0.67/share) YoY.
Net investment income for Q3 2025 was $13.1M (up from $11.5M YoY); annualized investment yield for Q3 2025 was 4.1%.
Outlook and guidance
Focused on growth in U.S. business from London/Bermuda, regional expansion in Asia Pacific and MENA, and steady reinsurance growth.
Prioritizes profitable underwriting growth and disciplined cycle management, with capital returned to shareholders after underwriting needs.
Ongoing evaluation of opportunities to diversify and expand product lines within risk appetite.
Market softening may lead to selective business exits, but focus remains on underwriting discipline and risk-adjusted returns.
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