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Company Analysis

International General Insurance IGIC

A comprehensive view of key metrics, scores, and financial health for International General Insurance

Overview of International General Insurance Holdings Ltd.

IGIC NCM
Financial Services Insurance - Diversified Framework: Insurance & Reinsurance Small Cap
International General Insurance Holdings Ltd. (IGIC), is a Small Cap company, in the Insurance - Diversified industry, last closed at $24.85, about 34.4% overvalued vs fair value, +11.4% 1Y return, placing in the top 10% of its sector.
Metrics P/E 8.7× Rev Growth -0.2% ROE 18.6% Gross Margin 57.3% Div Yield 4.35%
USD 24.85
1.97%
(Delayed)
• Vol 90d: 24.4%
52-Week Range
Market Cap
$1.04B
Enterprise Value
$885.09M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 90%
Updated: Oct 31
Top Beats
No strong beats yet

Quick Facts

Website https://www.iginsure.com
HQ Amman
Fiscal year Dec 31

Next Events

Earnings Nov 3 Call: Nov 4

Fair Value Snapshot

Bear Base Bull
$9
$16
$31
Current: $24.85 -34% vs base

Engine Room Money Flow™

Small Cap

Insurance & Reinsurance - Where revenue goes and how value is created

Flow Steps
Total Revenue
$525.0M
-0.2%%
Claims & Losses
-$215.8M
-27%%
Acquisition & Admin Expenses
$97.0M
Underwriting Result
$127.2M
-3.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Insurance & Reinsurance

Quality & Reliability Indicators

Loss Ratio
41.1%
Excellent

Claims & Losses / Revenue — core underwriting discipline metric; lower is better

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$108.1M
85.0% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
0/1
Improving
1
High Impact
0
Critical
Moat Analysis Insurance & Reinsurance

Competitive Advantage Assessment

Evaluating International General Insurance's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
78
/100
Strong
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Top-Quartile Underwriting Margins Gross margin at 57.3% (top 20%) and operating margin at 24.2% (top 25%) reflect strong underwriting discipline.
  • Stable Underwriting Performance Through Cycles Underwriting stability score is 1.00, demonstrating consistent risk selection and reserving discipline through market cycles.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Underwriting Discipline

Strong
93
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Signals, strengths and risks for Underwriting Discipline

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Signals, strengths and risks for Float Investment Quality

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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Capital Strength & Solvency

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Scale & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Insurance (Life, P&C, Reinsurance) vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing IGIC's balance between Growth (17.3%), Profitability (41.8%), and Safety (40.9%). Growth 17% Safety 41% Profitability 42%

Click axes to expand details. Marker shows current allocation.

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Growth

32th percentile vs peers
33
Key Signals
Revenue CAGR 3Y 10.0% 51p Equity Growth YoY 8.5% 36p Rev Growth YoY -0.2% 17p EPS Growth YoY -3.6% 32p Asset Growth YoY 3.1% 30p
Strengths
  • Net Profit Margin in top 20% of peers (24.2%, 89th percentile)
  • D/E Ratio in top 20% of peers (0.7%, 97th percentile)
  • Conservative leverage compared to industry peers
Risks
  • Rev Growth YoY in bottom 20% of peers (-0.2%)
  • Growth below peer median (percentile: 32)

Profitability

79th percentile vs peers
79
Key Signals
Strengths
Risks
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Safety

77th percentile vs peers
77
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for International General Insurance.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$16.31
- - -
-34.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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