International General Insurance Holdings Ltd · Q1 2026 earnings

Briefing

IGI Q1 2026: $37.7M underwriting income, 89.1% combined ratio, $0.56 core EPS

International General Insurance Holdings (IGI) reported first-quarter 2026 results on May 5, 2026. Net income was $21.7 million ($0.49 diluted EPS) versus $27.3 million ($0.59) in Q1 2025, while core operating income rose to $24.4 million ($0.56 core EPS) from $19.5 million ($0.42). Underwriting income jumped 35% to $37.7 million on an 89.1% combined ratio (94.4% prior year), with net premiums earned of $111.2 million. Gross written premiums were $197.2 million, down from $206.5 million due to non-renewal of two large reinsurance programs. Catastrophe losses totaled $21.3 million, mainly from Middle East war exposure. The company returned nearly $65 million to shareholders via repurchases and dividends, including a $1.15 extraordinary dividend, and book value per share was $15.60.

• Underwriting income $37.7 million (+35% YoY) on 89.1% combined ratio; core operating ROAE 14.3%.
• Net premiums earned $111.2 million; gross written premiums $197.2 million on non-renewal of two reinsurance programs.
• CAT losses $21.3 million (19.2 loss-ratio points), primarily Middle East war; loss ratio improved to 49.3% from 55.5%.
• Returned ~$65 million to shareholders including $1.15 extraordinary dividend; repurchased 545,374 shares.
• All three segments generated underwriting income; Specialty Long-tail swung to $17.5M profit from $7.5M loss.

Headline financials

Revenue & EPS history