International General Insurance Holdings Ltd. (IGIC)

IGIC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	477.45	447.15	376.39	336.63	283.52	215.54
Total Interest & Dividend Income	49.66	40.46	20.95	14.49	11.5	11.05
Gain (Loss) on Sale of Investments	5.18	9.78	-6.56	-3.47	0.68	1.95
Other Revenue	-26.13	-25.43	7.05	2.73	14.57	13.55
Total Revenue	506.16	471.96	397.82	350.38	310.06	242.78
Revenue Growth (YoY)	10.67%	18.64%	13.54%	13.00%	27.72%	15.91%
Policy Benefits	218.99	189.09	157.56	173.04	151.67	118.06
Policy Acquisition & Underwriting Costs	76.18	74.98	70.2	59.62	70.54	59.37
Selling, General & Administrative	90.93	78.93	67.24	58.23	46.92	39.16
Provision for Bad Debts	3.85	2.45	3.24	3.26	2.86	0.63
Other Operating Expenses	3.79	5.59	3.96	4.23	1.52	0.74
Total Operating Expenses	393.74	351.04	302.2	298.38	273.52	217.96
Operating Income	112.42	120.92	95.62	52	36.55	24.82
Interest Expense	-	-	-	-	-	-0.11
Currency Exchange Gain (Loss)	13.22	5.12	-3.45	-3.37	2.57	5.7
Other Non Operating Income (Expenses)	15.6	-	-	-	-4.42	-
EBT Excluding Unusual Items	141.25	126.05	92.17	48.63	34.7	30.42
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.03
Asset Writedown	-	-	-	-	-2.01	-0.3
Other Unusual Items	-	-	-	-	-3.37	-4.83
Pretax Income	141.25	126.05	92.17	48.63	29.33	25.25
Income Tax Expense	3.15	7.85	2.93	1.81	2.08	1.69
Net Income	138.09	118.19	89.23	46.81	27.25	23.57
Preferred Dividends & Other Adjustments	3.9	7.5	5.05	2.1	1.77	-
Net Income to Common	134.2	110.7	84.18	44.72	25.49	23.57
Net Income Growth	28.22%	32.45%	90.61%	71.79%	15.64%	-7.74%
Shares Outstanding (Basic)	44	43	46	45	43	34
Shares Outstanding (Diluted)	44	43	46	46	43	34
Shares Change (YoY)	0.28%	-4.81%	0.28%	5.79%	25.53%	-2.28%
EPS (Basic)	3.08	2.58	1.85	0.98	0.59	0.69
EPS (Diluted)	3.04	2.55	1.84	0.98	0.59	0.69
EPS Growth	32.83%	38.59%	87.76%	65.53%	-13.85%	-5.58%
Free Cash Flow	-	193.36	153.6	172.91	-90.92	20.96
Free Cash Flow Per Share	-	4.45	3.36	3.80	-2.11	0.61
Dividend Per Share	0.010	0.040	0.040	0.350	0.260	0.080
Dividend Growth	-75.00%	0%	-88.57%	34.62%	225.00%	166.67%
Operating Margin	22.21%	25.62%	24.04%	14.84%	11.79%	10.22%
Profit Margin	26.51%	23.45%	21.16%	12.76%	8.22%	9.71%
Free Cash Flow Margin	-	40.97%	38.61%	49.35%	-29.32%	8.63%
EBITDA	114.57	123.47	98.7	54.77	38.42	26.73
EBITDA Margin	22.63%	26.16%	24.81%	15.63%	12.39%	11.01%
D&A For EBITDA	2.14	2.55	3.08	2.77	1.88	1.91
EBIT	112.42	120.92	95.62	52	36.55	24.82
EBIT Margin	22.21%	25.62%	24.04%	14.84%	11.79%	10.22%
Effective Tax Rate	2.23%	6.23%	3.18%	3.73%	7.08%	6.68%
Revenue as Reported	506.16	471.96	397.82	350.38	-	-

Source: S&P Capital IQ. Insurance template. Financial Sources.