International General Insurance Holdings Ltd. (IGIC)

IGIC Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	471.96	397.82	350.38	283.52	215.54
Revenue Growth (YoY)	18.64%	13.54%	23.58%	31.54%	-37.56%
Cost of Revenue	189.09	157.56	173.04	151.67	118.06
Gross Profit	282.87	240.26	177.34	131.84	97.48
Selling, General & Admin	153.9	137.44	117.85	104.78	89.53
Other Operating Expenses	8.05	7.2	7.49	1.52	0.77
Operating Expenses	161.95	144.64	125.34	106.3	90.3
Operating Income	120.92	95.62	52	25.55	7.18
Other Expense / Income	-5.12	3.45	3.37	-3.78	-18.07
Pretax Income	126.05	92.17	48.63	29.33	25.25
Income Tax	7.85	2.93	1.81	2.08	1.69
Net Income	118.19	89.23	46.81	27.25	23.57
Net Income Growth	32.45%	90.61%	71.79%	15.64%	-46.07%
Shares Outstanding (Basic)	46	49	49	48	6
Shares Outstanding (Diluted)	-	-	-	-	6
Shares Change	-5.46%	0.56%	0.90%	754.97%	8.85%
EPS (Basic)	2.58	1.85	0.98	0.59	0.69
EPS (Diluted)	2.55	1.84	0.98	0.59	0.69
EPS Growth	38.59%	87.76%	66.10%	-14.49%	-22.47%
Free Cash Flow	193.45	154.15	174.03	-90.92	20.98
Free Cash Flow Per Share	4.16	3.14	3.56	-1.88	3.70
Dividend Per Share	0.030	0.220	0.330	0.090	-
Dividend Growth	-86.36%	-33.33%	266.67%	-	-
Gross Margin	59.94%	60.39%	50.61%	46.50%	45.23%
Operating Margin	25.62%	24.04%	14.84%	9.01%	3.33%
Profit Margin	25.04%	22.43%	13.36%	9.61%	10.93%
Free Cash Flow Margin	40.99%	38.75%	49.67%	-32.07%	9.73%
Effective Tax Rate	6.23%	3.18%	3.73%	7.08%	6.68%
EBITDA	129.37	96.21	52.45	31.94	27.21
EBITDA Margin	27.41%	24.18%	14.97%	11.26%	12.62%
Depreciation & Amortization	3.32	4.05	3.82	2.61	1.96
EBIT	126.05	92.17	48.63	29.33	25.25
EBIT Margin	26.71%	23.17%	13.88%	10.34%	11.72%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).