International General Insurance Holdings Ltd. (IGIC)

IGIC Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	135.15	118.19	89.23	46.81
Depreciation & Amortization	3.4	2.55	3.08	2.77
Gain (Loss) on Sale of Assets	-0.03	-0.09	0.11	0.01
Gain (Loss) on Sale of Investments	0.15	-7.69	8.75	5.17
Stock-Based Compensation	4.63	3.25	2.3	1.19
Change in Accounts Receivable	-10.83	-34.82	-8.63	-18.82
Reinsurance Recoverable	-2.61	-28.67	-3.86	17.14
Change in Unearned Revenue	6.42	50.06	16.43	42.4
Change in Insurance Reserves / Liabilities	82.49	75.2	56.08	81.23
Change in Other Net Operating Assets	-12.51	-1.6	-4.18	6.85
Other Operating Activities	5	27.55	-3.28	0.05
Operating Cash Flow	209.47	196.61	154.88	175.29
Operating Cash Flow Growth	6.54%	26.95%	-11.65%	-
Capital Expenditures	-6.63	-3.25	-1.28	-2.38
Sale of Property, Plant & Equipment	0.03	0.09	0.54	1.12
Cash Acquisitions	-	-1.1	-	-0.15
Investment in Securities	-179.97	-86.11	-245.8	-50.05
Investing Cash Flow	-186.57	-90.37	-246.53	-51.46
Repurchases of Common Stock	-23.15	-31.09	-2.39	-
Common Dividends Paid	-26.53	-1.75	-10.15	-15.13
Other Financing Activities	-	-16.32	-	-
Financing Cash Flow	-49.68	-49.16	-12.55	-15.13
Net Cash Flow	-26.78	57.08	-104.2	108.71
Free Cash Flow	202.84	193.36	153.6	172.91
Free Cash Flow Growth	4.90%	25.88%	-11.17%	-
Free Cash Flow Margin	37.63%	38.73%	39.06%	49.35%
Free Cash Flow Per Share	4.53	4.45	3.36	3.80
Cash Income Tax Paid	4.62	6.64	2.76	2.33
Levered Free Cash Flow	121.59	373.77	320.9	47.03
Unlevered Free Cash Flow	121.59	373.77	320.9	47.03
Change in Working Capital	61.17	52.85	54.68	119.28

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

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