International General Insurance Holdings Ltd. (IGIC)

IGIC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	474.53	483.13	447.15	376.39	336.63	283.52
Total Interest & Dividend Income	54.48	51.88	40.46	20.95	14.49	11.5
Gain (Loss) on Sale of Investments	3.21	2.01	9.78	-6.56	-3.47	0.68
Other Revenue	2.89	1.99	1.86	2.44	2.73	14.57
Total Revenue	535.11	539.01	499.25	393.22	350.38	310.06
Revenue Growth (YoY)	9.99%	7.96%	26.96%	12.23%	13.00%	27.72%
Policy Benefits	240.61	216.11	189.09	157.56	173.04	151.67
Policy Acquisition & Underwriting Costs	80.74	79.54	74.98	70.2	59.62	70.54
Selling, General & Administrative	91.56	90.36	78.93	67.24	58.23	46.92
Provision for Bad Debts	1.68	1.48	2.45	3.24	3.26	2.86
Other Operating Expenses	7.27	6.17	5.59	3.96	4.23	1.52
Total Operating Expenses	421.86	393.66	351.04	302.2	298.38	273.52
Operating Income	113.25	145.35	148.21	91.02	52	36.55
Currency Exchange Gain (Loss)	13.07	-8.13	5.12	-3.45	-3.37	2.57
Other Non Operating Income (Expenses)	-1.73	-4.93	-27.29	4.6	-	-4.42
EBT Excluding Unusual Items	124.59	132.29	126.05	92.17	48.63	34.7
Asset Writedown	-	-	-	-	-	-2.01
Other Unusual Items	-	-	-	-	-	-3.37
Pretax Income	124.59	132.29	126.05	92.17	48.63	29.33
Income Tax Expense	-1.26	-2.86	7.85	2.93	1.81	2.08
Net Income	125.85	135.15	118.19	89.23	46.81	27.25
Preferred Dividends & Other Adjustments	1.14	1.94	7.5	5.05	2.1	1.77
Net Income to Common	124.71	133.21	110.7	84.18	44.72	25.49
Net Income Growth	9.92%	14.35%	32.45%	90.61%	71.79%	15.64%
Shares Outstanding (Basic)	44	44	43	46	45	43
Shares Outstanding (Diluted)	45	45	43	46	46	43
Shares Change (YoY)	2.10%	2.92%	-4.81%	0.28%	5.79%	25.53%
EPS (Basic)	2.82	3.01	2.58	1.85	0.98	0.59
EPS (Diluted)	2.79	2.98	2.55	1.84	0.98	0.59
EPS Growth	11.00%	16.86%	38.59%	87.76%	65.53%	-13.85%
Free Cash Flow	-	202.84	193.36	153.6	172.91	-90.92
Free Cash Flow Per Share	-	4.53	4.45	3.36	3.80	-2.11
Dividend Per Share	0.050	0.100	0.040	0.040	0.350	0.260
Dividend Growth	-28.57%	150.00%	-	-88.57%	34.62%	225.00%
Operating Margin	21.16%	26.97%	29.69%	23.15%	14.84%	11.79%
Profit Margin	23.31%	24.71%	22.17%	21.41%	12.76%	8.22%
Free Cash Flow Margin	-	37.63%	38.73%	39.06%	49.35%	-29.32%
EBITDA	117.08	148.75	150.76	94.1	54.77	38.42
EBITDA Margin	21.88%	27.60%	30.20%	23.93%	15.63%	12.39%
D&A For EBITDA	3.83	3.4	2.55	3.08	2.77	1.88
EBIT	113.25	145.35	148.21	91.02	52	36.55
EBIT Margin	21.16%	26.97%	29.69%	23.15%	14.84%	11.79%
Effective Tax Rate	-	-	6.23%	3.18%	3.73%	7.08%
Revenue as Reported	535.11	539.01	499.25	393.22	350.38	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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