NCM · Financial Statements

International General Insurance Holdings Ltd. (IGIC) Financial Statements

$24.74 NCM: IGIC Market Cap $1.05B

International General Insurance Holdings Ltd. most recently reported annual revenue of $517.0M, net profit of $127.0M. Revenue grew at an average annual rate of 10.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

International General Insurance Holdings Ltd.: Revenue rose from $185.0M in 2016 to $517.0M in 2025, a change of +179.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 16.6% to 24.6%, a shift of +8.0 percentage points; the most recent year shows net profit of $127.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$185.0M$179.0M$208.0M$250.0M$308.0M$347.0M$394.0M$477.0M$526.0M$517.0M
Operating Expenses$154.0M$172.0M$182.0M$225.0M$279.0M$298.0M$302.0M$351.0M$394.0M$390.0M
Operating Profit$31.0M$7.0M$26.0M$25.0M$29.0M$49.0M$92.0M$126.0M$132.0M$127.0M
Operating Margin16.6%3.9%12.3%10.1%9.5%14.0%23.4%26.4%25.1%24.6%
Other Income$1.0M$0$0$0$0$0$0$0$0$0
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$1.0M$1.0M$1.0M$2.0M$3.0M$3.0M$3.0M$3.0M$3.0M$4.0M
Profit Before Tax$32.0M$7.0M$26.0M$25.0M$29.0M$49.0M$92.0M$126.0M$132.0M$127.0M
Tax$-2.9M$-210,000$240,000$6.7M$7.1M$3.7M$3.2M$6.2M$-2.2M$0
Net Profit$33.0M$7.0M$26.0M$24.0M$27.0M$47.0M$89.0M$118.0M$135.0M$127.0M
EPS$0.23$0.05$0.53$0.49$0.59$0.89$1.84$2.55$2.98$2.89
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$95.0M$132.0M$124.0M$135.0M$145.0M$122.0M$136.0M$143.0M$123.0M$126.0M$126.0M$143.0M
Operating Expenses$83.0M$97.0M$86.0M$102.0M$109.0M$97.0M$108.0M$108.0M$89.0M$96.0M$104.0M$122.0M
Operating Profit$12.0M$35.0M$37.0M$34.0M$36.0M$26.0M$29.0M$35.0M$33.0M$31.0M$22.0M$21.0M
Operating Margin13.0%26.3%30.2%24.9%24.6%21.0%21.1%24.3%27.0%24.3%17.5%14.7%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$12.0M$35.0M$37.0M$34.0M$36.0M$26.0M$29.0M$35.0M$33.0M$31.0M$22.0M$21.0M
Tax$11.4M$4.8M$-1.3M$2.4M$3.1M$-17.0M$4.9M$1.7M$-1.2M$-5.2M$1.4M$480,000
Net Profit$11.0M$33.0M$38.0M$33.0M$35.0M$30.0M$27.0M$34.0M$34.0M$32.0M$22.0M$21.0M
EPS$0.24$0.72$0.84$0.73$0.75$0.65$0.59$0.77$0.75$0.76$0.49$0.49

Over the 10 years reported for International General Insurance Holdings Ltd., cash stood at $186.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.75 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$0$0$903.0M$1.0B$1.3B$1.5B$1.6B$1.5B$2.0B$2.1B
Current Assets$0$0$295.0M$310.0M$300.0M$866.0M$137.9B$572.0M$665.0M$1.0B
Cash$0$0$185.0M$192.0M$133.0M$232.0M$122.0M$177.0M$155.0M$186.0M
Inventory$0$0$0$0$0$15.0M$0$-766.0M$0$0
Receivables$0$0$0$0$172.0M$179.0M$405.0M$468.0M$482.0M$523.0M
Fixed Assets$14.0M$13.0M$12.0M$13.0M$13.0M$15.0M$13.0M$26.0M$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$13.0M$13.0M$12.0M$445.0M$513.0M$240.0M$1.1B$1.1B
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$0$0$602.0M$697.0M$885.0M$1.1B$1.1B$976.0M$1.4B$1.4B
Current Liabilities$0$0$35.0M$55.0M$84.0M$101.0M$88.0M$583.0M$662.0M$1.4B
Borrowings$0$0$2.0M$2.0M$3.0M$4.0M$3.0M$2.0M$4.0M$0
Other Liabilities$0$0$600.0M$695.0M$882.0M$1.0B$1.1B$974.0M$1.4B$1.4B
Equity$0$0$143.0M$143.0M$0$1.0M$0$0$1.0M$0
Reserves$0$0$301.0M$312.0M$381.0M$402.0M$411.0M$540.0M$655.0M$710.0M

For International General Insurance Holdings Ltd., operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was $107.0M; free cash flow was positive in 7 of 10 years; financing activities used $62.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$0$13.0M$104.0M$21.0M$-91.0M$130.0M$-85.0M$197.0M$209.0M$108.0M
Investing Cash Flow$-24.0M$-3.0M$-176.0M$-2.0M$-4.0M$-5.0M$-3.0M$-94.0M$-193.0M$35.0M
Financing Cash Flow$0$0$-15.0M$-5.0M$41.0M$0$-2.0M$-47.0M$-23.0M$-62.0M
Net Cash Flow$-13.0M$2.0M$81.0M$8.0M$-59.0M$109.0M$-104.0M$57.0M$-27.0M$37.0M
Free Cash Flow$-11.0M$11.0M$103.0M$20.0M$-92.0M$127.0M$-87.0M$193.0M$203.0M$107.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-1.01
EV / EBITDA7.99
FCF Yield0.00%
Quick Ratio1.33
Interest Coverage—
Return 1Y22.76%
Return 3Y272.72%
Return 5Y261.60%

International General Insurance Holdings Ltd. (IGIC) financials — frequently asked questions

What is International General Insurance Holdings Ltd.'s annual revenue?

International General Insurance Holdings Ltd. (IGIC) reported annual revenue of $517.0M in its most recent fiscal year.

What is International General Insurance Holdings Ltd.'s net profit?

International General Insurance Holdings Ltd. (IGIC) reported net profit of $127.0M in its most recent fiscal year.

What is IGIC EV/EBITDA?

International General Insurance Holdings Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 7.99.

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