IGIC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	453.8	483.13	447.15	376.39	336.63
Total Interest & Dividend Income	54.7	51.88	40.46	20.95	14.49
Gain (Loss) on Sale of Investments	5.7	2.01	9.78	-6.56	-3.47
Other Revenue	2.7	1.99	1.86	2.44	2.73
Total Revenue	516.9	539.01	499.25	393.22	350.38
Revenue Growth (YoY)	-4.10%	7.96%	26.96%	12.23%	13.00%
Policy Benefits	215.8	216.11	189.09	157.56	173.04
Policy Acquisition & Underwriting Costs	76.9	79.54	74.98	70.2	59.62
Selling, General & Administrative	97	90.36	78.93	67.24	58.23
Provision for Bad Debts	0.8	1.48	2.45	3.24	3.26
Other Operating Expenses	7.3	6.17	5.59	3.96	4.23
Total Operating Expenses	397.8	393.66	351.04	302.2	298.38
Operating Income	119.1	145.35	148.21	91.02	52
Currency Exchange Gain (Loss)	8.1	-8.13	5.12	-3.45	-3.37
Other Non Operating Income (Expenses)	-	-4.93	-27.29	4.6	-
EBT Excluding Unusual Items	127.2	132.29	126.05	92.17	48.63
Pretax Income	127.2	132.29	126.05	92.17	48.63
Income Tax Expense	-	-2.86	7.85	2.93	1.81
Net Income	127.2	135.15	118.19	89.23	46.81
Preferred Dividends & Other Adjustments	0.9	1.94	7.5	5.05	2.1
Net Income to Common	126.3	133.21	110.7	84.18	44.72
Net Income Growth	-5.88%	14.35%	32.45%	90.61%	71.79%
Shares Outstanding (Basic)	44	44	43	46	45
Shares Outstanding (Diluted)	44	45	43	46	46
Shares Change (YoY)	-2.32%	2.92%	-4.81%	0.28%	5.79%
EPS (Basic)	2.89	3.01	2.58	1.85	0.98
EPS (Diluted)	2.89	2.98	2.55	1.84	0.98
EPS Growth	-3.02%	16.86%	38.59%	87.76%	65.53%
Free Cash Flow	-	202.84	193.36	153.6	172.91
Free Cash Flow Per Share	-	4.53	4.45	3.36	3.80
Dividend Per Share	0.200	0.100	0.040	0.040	0.350
Dividend Growth	100.00%	150.00%	-	-88.57%	34.62%
Operating Margin	23.04%	26.97%	29.69%	23.15%	14.84%
Profit Margin	24.43%	24.71%	22.17%	21.41%	12.76%
Free Cash Flow Margin	-	37.63%	38.73%	39.06%	49.35%
EBITDA	122.5	148.75	150.76	94.1	54.77
EBITDA Margin	23.70%	27.60%	30.20%	23.93%	15.63%
D&A For EBITDA	3.4	3.4	2.55	3.08	2.77
EBIT	119.1	145.35	148.21	91.02	52
EBIT Margin	23.04%	26.97%	29.69%	23.15%	14.84%
Effective Tax Rate	-	-	6.23%	3.18%	3.73%
Revenue as Reported	516.9	539.01	499.25	393.22	350.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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