International General Insurance Holdings Ltd (NAS:IGIC)

Q3 2025 International General Insurance Holdings Ltd Earnings Call Transcript

Nov 5, 2025 / 02:00 PM GMT

Release Date Price: $22.46 (+5.55%)

Transcript

Key Points

Positve

International General Insurance Holdings Ltd (IGIC) reported strong net income of $33.5 million for Q3 and $94.9 million for the first nine months of 2025.
The company achieved an annualized return on average equity of 20% for Q3 and 19% for the first nine months of the year.
IGIC's book value per share increased by almost 10% to $16.23 in the first nine months of 2025.
The company received an S&P financial strength rating upgrade to 'A' with a stable outlook, which is expected to open new business opportunities.
IGIC authorized a new $5 million common share repurchase program, indicating confidence in its value generation strategy.

Negative

Gross premiums written in Q3 decreased by about 5%, primarily due to lower volumes in the reinsurance and long tail segments.
Net premiums earned for Q3 and the first nine months of 2025 were lower compared to the previous year, impacted by reinstatement premiums and currency revaluation.
The combined ratio for the first nine months was over 87%, higher than the 80.5% for the same period in 2024, due to currency revaluation and lower net premiums.
The long tail segment faced challenges with competitive pressures and declining rates, leading to a decision to non-renew a large professional indemnity account.
Investment income for Q3 was flat compared to the same period in 2024, and the company faces increasing competitive pressures in various market segments.

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

IGIC.OQ - International General Insurance Holdings Ltd
Q3 2025 International General Insurance Holdings Ltd Earnings Call
Nov 05, 2025 / 02:00PM 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 Insurance Holdings 3rd quarter and 9 month 2025 financial results conference call.

All participants are in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press, then 1 on your telephone keypad. To withdraw your question, please press 2.

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

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