IGIC Balance Sheet

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
Investments in Debt Securities	1,066	1,004	767.58	491.08	420.92
Investments in Equity & Preferred Securities	23.3	30.93	29.73	36.32	26.46
Other Investments	44.9	102.44	158.35	309.26	179.97
Total Investments	1,135	1,137	955.67	836.66	672.19
Cash & Equivalents	186.2	155.25	177.02	122.14	237.15
Reinsurance Recoverable	347.8	339.01	321.1	288.82	425.72
Other Receivables	289.6	271.35	256.69	216.7	5.07
Deferred Policy Acquisition Cost	70.6	67.06	65.27	57.94	64.84
Property, Plant & Equipment	-	30.33	26.11	27.16	14.86
Other Intangible Assets	-	-	-	-	4.32
Restricted Cash	-	13	18	15.8	5
Other Current Assets	-	-	-	-	4.69
Long-Term Deferred Tax Assets	4.9	6.95	4.16	5.79	0.47
Long-Term Deferred Charges	-	-	-	-	17.24
Other Long-Term Assets	67.2	17.14	13.89	9.01	0.19
Total Assets	2,101	2,038	1,838	1,580	1,452
Accounts Payable	-	-	-	-	11.26
Accrued Expenses	-	-	-	-	12.77
Insurance & Annuity Liabilities	95.9	90.05	89.7	90.35	5
Unpaid Claims	798.3	794.24	712.1	636.25	575.9
Unearned Premiums	469.9	465.24	443.53	389.86	342.45
Reinsurance Payable	-	-	-	-	84.52
Current Portion of Leases	-	2.89	-	-	1
Current Income Taxes Payable	-	0.38	-	-	1.25
Long-Term Leases	-	1.35	2.13	2.66	2.75
Long-Term Deferred Tax Liabilities	-	-	-	-	0.01
Other Long-Term Liabilities	26.5	28.56	50.01	49.96	12.94
Total Liabilities	1,391	1,383	1,297	1,169	1,050
Common Stock	0.4	0.45	0.45	0.46	0.49
Additional Paid-In Capital	86.9	144.94	137.62	147.93	159.55
Retained Earnings	612.6	531.67	423.05	306.6	232.62
Treasury Stock	-	-3.68	-0.05	-0.01	-
Comprehensive Income & Other	10.3	-18.55	-20.64	-44.04	9.21
Shareholders' Equity	710.2	654.83	540.43	410.94	401.87
Total Liabilities & Equity	2,101	2,038	1,838	1,580	1,452
Filing Date Shares Outstanding	41.96	44.12	43.58	45.31	48.88
Total Common Shares Outstanding	41.96	44.12	43.58	45.31	48.88
Total Debt	-	4.24	2.13	2.66	3.75
Net Cash (Debt)	186.2	151.01	174.89	119.48	233.39
Net Cash Growth	23.31%	-13.66%	46.38%	-48.81%	78.87%
Net Cash Per Share	4.26	3.38	4.02	2.62	5.12
Book Value Per Share	16.93	14.84	12.40	9.07	8.22
Tangible Book Value	710.2	654.83	540.43	410.94	397.54
Tangible Book Value Per Share	16.93	14.84	12.40	9.07	8.13
Buildings	-	-	-	-	4
Machinery	-	-	-	-	16.5
Construction In Progress	-	-	-	-	0.14
Leasehold Improvements	-	-	-	-	2.29

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

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