Saturday 17 October 2026
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International General Insurance Holdings Ltd.
IGIC Financial Insurance Diversified
International General Insurance Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $453.8 million, down 6.07% from fiscal 2024. In the quarter to June 2026, revenue grew 8.70%, EPS fell 36.4% and free cash flow fell 54.6%, each against the same quarter a year earlier.
24.61
0.09
+0.37%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 9.50 | 9.75 | 5.48 | 6.75 | 6.72 | 7.80 | 11.51 | 20.82 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | 9.80 | 11.49 | 11.52 | 11.05 | 8.38 | 13.46 | 27.00 | 27.76 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 231 | 252 | 289 | 355 | 401 | 473 | 484 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.93 | 1.13 | 1.19 | 1.06 | 1.12 | 1.02 | 0.94 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 183 | 216 | 284 | 345 | 376 | 447 | 483 | 454 | ||||
| Gross margin, % | — | — | 30.58 | 24.15 | 27.28 | 30.66 | 39.49 | 40.95 | 38.81 | 35.51 | |||||
| EBT | — | 0 | 26 | 25 | 29 | 45 | 92 | 126 | 132 | 127 | |||||
| EBT margin, % | — | 0.00 | 13.97 | 11.72 | 10.34 | 13.16 | 24.49 | 28.19 | 27.38 | 28.02 | |||||
| Net income | — | 0 | 26 | 25 | 29 | 45 | 89 | 118 | 135 | 127 | |||||
| Depreciation | — | 0 | 1 | 2 | 3 | 4 | 5 | 5 | 6 | 7 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 1.33 | 6.29 | 6.59 | 7.59 | 8.26 | 10.41 | 10.92 | 10.49 | ||||
| Earnings | — | — | 0.18 | 0.69 | 0.63 | 0.89 | 1.74 | 2.55 | 2.98 | 2.89 | |||||
| Cash flow | — | 0.00 | 0.75 | 0.62 | (2.10) | 2.85 | 3.40 | 4.58 | 4.74 | 2.50 | |||||
| Capex | — | 0.00 | (0.01) | (0.03) | (0.04) | (0.05) | (0.03) | (0.07) | (0.15) | (0.02) | |||||
| Free cash flow | — | 0.00 | 0.74 | 0.59 | (2.15) | 2.80 | 3.37 | 4.50 | 4.59 | 2.48 | |||||
| Book value | — | 0.00 | 2.18 | 9.10 | 8.85 | 8.84 | 9.02 | 12.58 | 14.80 | 16.41 | |||||
| Shares, m | — | — | 138 | 34 | 43 | 45 | 46 | 43 | 44 | 43 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 15.30 | 14.63 | 9.06 | 4.70 | 5.08 | 7.95 | 8.74 | ||||
| P/S | — | — | 0.00 | 0.00 | 1.23 | 1.07 | 0.99 | 1.24 | 2.18 | 2.39 | |||||
| P/B | — | — | 0.15 | 1.15 | 0.91 | 0.92 | 0.91 | 1.03 | 1.61 | 1.53 | |||||
| EV/Sales | — | — | 0.00 | 0.00 | 0.76 | 0.37 | 0.67 | 0.85 | 1.86 | 1.99 | |||||
| EV/FCF | — | — | 123.02 | 8.09 | (1.74) | 3.29 | 0.78 | 0.91 | 3.39 | 1.98 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 0 | 104 | 21 | (91) | 130 | 155 | 197 | 209 | 108 | ||||
| Capex | — | 0 | (1) | (1) | (2) | (2) | (1) | (3) | (7) | (1) | |||||
| Free cash flow | — | 0 | 103 | 20 | (92) | 127 | 154 | 193 | 203 | 107 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 0 | 304 | 247 | 166 | 236 | (405) | (502) | (599) | (556) | ||||
| Total debt | — | 0 | 2 | 2 | — | — | — | — | — | — | |||||
| Net debt | — | 0 | (185) | (192) | (133) | (242) | (122) | (177) | (155) | (186) | |||||
| Shareholders’ equity | — | 0 | 301 | 312 | 381 | 402 | 411 | 540 | 655 | 710 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 0.00 | 5.65 | 2.46 | 2.23 | 2.98 | 5.55 | 6.48 | 6.87 | 6.10 | ||||
| ROIC | — | (4.96) | 11.12 | 6.67 | 7.68 | 18.35 | 17.61 | 17.91 | 12.15 | 7.65 | |||||
| ROE | — | (0.01) | 16.96 | 7.68 | 7.35 | 10.38 | 20.71 | 23.27 | 22.29 | 18.50 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
International General Insurance Holdings Ltd. vs peers in Insurance Diversified (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AIG American International Group, Inc. | $41.4B | 14.7× | 11.0× | −0.08% (below 0%: shrinking) | −10.50% (below 0%: shrinking) | +23.36% (above 0%: growing) | 32.04% | 19.25% | Compare |
| HIG The Hartford Insurance Group, Inc. | $36.0B | 8.7× | 10.0× | +8.14% (above 0%: growing) | +35.53% (above 0%: growing) | +4.24% (above 0%: growing) | 43.81% | 17.64% | Compare |
| ACGL Arch Capital Group Ltd. | $33.9B | 7.8× | 9.1× | −10.45% (below 0%: shrinking) | −7.58% (below 0%: shrinking) | +17.63% (above 0%: growing) | 37.57% | 25.90% | Compare |
| AEG Aegon NV | $12.2B | — (loss-making) | 8.9× | −53.52% (below 0%: shrinking) | −86.85% (below 0%: shrinking) | +30.41% (above 0%: growing) | 14.93% | (11.60%) | Compare |
| BNT Brookfield Wealth Solutions Ltd. | $10.9B | 42.5× | — | +38.85% (above 0%: growing) | −80.05% (below 0%: shrinking) | +154.51% (above 0%: growing) | 26.99% | 10.58% | Compare |
| PLGO Pelagos Insurance Capital Limited | $2.1B | 6.1× | 5.8× | +10.30% (above 0%: growing) | +194.44% (above 0%: growing) | +92.57% (above 0%: growing) | 15.54% | 10.68% | Compare |
| XZO Exzeo Group, Inc. | $1.5B | 17.0× | 13.1× | +3.02% (above 0%: growing) | −5.49% (below 0%: shrinking) | −59.20% (below 0%: shrinking) | 63.75% | 49.26% | Compare |
| IGIC International General Insurance Holdings Ltd. | $1.0B | 9.9× | 8.3× | +8.70% (above 0%: growing) | −36.36% (below 0%: shrinking) | −54.63% (below 0%: shrinking) | 23.60% | 4.88% | |
| WDH Waterdrop Inc. Unsponsored ADR | $283.5M | 4.8× | 6.5× | +82.47% (above 0%: growing) | 0.00% | +117.24% (above 0%: growing) | 62.90% | 7.68% | Compare |
| Median of peers | $11.6B | 8.7× | 9.1× | +5.58% | −6.53% | +26.89% | 34.80% | 14.16% |
International General Insurance Holdings Ltd. (IGIC) key facts
- Concern: International General Insurance Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $453.8 million, down 6.07% from fiscal 2024.
- International General Insurance Holdings Ltd. (IGIC) is an Insurance Diversified company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, IGIC traded at $24.61, a market capitalization of $1.0 billion.
- International General Insurance Holdings Ltd. pays an annual dividend of $0.25 per share, a yield of 1.02%, with a payout ratio of 10.0%.
- Return on equity was 18.5% and debt-to-equity 0.00.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.