International General Insurance Holdings Ltd (NAS:IGIC)

Q1 2025 International General Insurance Holdings Ltd Earnings Call Transcript

May 7, 2025 / 01:00 PM GMT

Release Date Price: $23.51 (-8.66%)

Transcript

Key Points

Positve

International General Insurance Holdings Ltd (IGIC) reported a combined ratio of 94.4%, demonstrating the effectiveness of their diversification strategy.
The company returned $43.5 million to shareholders in the first quarter, including a special dividend of $0.85.
Gross Written Premiums (GWP) grew by over 13% to just over $260 million, driven primarily by growth in the reinsurance segment.
The company has a solid platform designed to manage market cycles and volatility, with deep technical underwriting talents.
IGIC's investment income increased by more than 15% from Q1 2024, with a yield of 4.3% on fixed income securities.

Negative

The company experienced a higher level of natural catastrophes and large risk losses, impacting their financial results.
Currency volatility, particularly the weakening of the US dollar against the pound, negatively impacted financial results.
The long tail segment remains challenging, with underwriting losses driven by higher loss activity and FX impacts.
There is increased competitive pressure in the market, squeezing margins and putting pressure on rates.
The company noted a deterioration in the combined ratio by about 6 to 7 points when adjusted for currency impacts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IGIC.OQ - International General Insurance Holdings Ltd
Q1 2025 International General Insurance Holdings Ltd Earnings Call
May 07, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the International General Holdings.

LTD's first quarter 2025 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the start key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press start, then one on your telephone keypad.

To withdraw your question, please press start, then 2.

Please note this event is being recorded. I would now like to turn the conference over to Robin Sitters, head of investor relations. Please go ahead.

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