NASDAQ$IGIC

International General Insurance Holdings Ltd · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

IGI Q2 2025: net income rises 3.9% to $34.1M despite combined ratio widening to 90.5% on FX reserve revaluation

International General Insurance Holdings reported Q2 2025 results for the quarter ended June 30, 2025, with net income up 3.9% to $34.1 million and diluted EPS of $0.77 versus $0.73 a year ago. Net premiums earned were $115.0 million as gross written premiums declined to $187.8 million from $205.6 million, while the combined ratio widened to 90.5% from 81.2%, largely reflecting U.S. dollar weakness and revaluation of non-dollar loss reserves. Underwriting income was $35.0 million and net investment income grew 26.7% to $17.1 million. Reinsurance segment underwriting income rose 57.7% on higher earned premiums, partially offset by a $14.6 million currency hit in the long-tail segment. Book value per share increased 3.4% to $15.36 and the company returned $77 million to shareholders via dividends and buybacks in H1.

  • Q2 net income rose 3.9% to $34.1M; diluted EPS $0.77 vs $0.73 prior year.
  • Net premiums earned were $115.0M; gross written premiums $187.8M (-8.7% YoY).
  • Combined ratio widened to 90.5% from 81.2%; loss ratio 53.2% on FX reserve revaluation.
  • Reinsurance underwriting income up 57.7% to $12.3M; net investment income $17.1M (+26.7%).
  • Book value per share $15.36 (+3.4% vs year-end); annualized ROE 20.8%.

Headline financials

Total Revenue

$115M

Previous: $135M-14.7%
EPS (adj)

$0.51

Previous: $0.74-31.1%
Combined ratio

90.5%

No prior period
Book value per share

$15.36

No prior period
Loss ratio

53.2%

No prior period
Return on average equity (annualized)

20.8%

No prior period
Net Income

$34.1M

Previous: $32.8M+4.0%
Operating Income

$35M

Previous: $34.3M+2.0%
Cash & Equivalents

$165M

No prior period
Total Assets

$2.12B

No prior period

Revenue & EPS history

IGI · Revenue · Quarterly

$115M

Q2 2025-14.7%vs Q2 2024
Beat estimate in 0 of 11 quarters(0%)
ActualEstimate

Revenue by segment

IGI · $115M total across 3 segments · Q2 2025

  • Specialty Short-tail
    $60.2M
  • Specialty Long-tail
    $30.8M
  • Reinsurance
    $24M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.8%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+1.9%

Avg return

30 days after

59%

17 / 29 earnings

Positive

+12.0%

Q1 2020

Best reaction

-11.2%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.6%-0.3%-8.7%
Q3 2025+5.7%+2.2%+12.0%
Q2 2025+3.2%+3.2%+3.0%
Q4 2024+0.8%-0.0%+1.6%
Q2 2024-0.6%-1.3%+16.0%
Q1 2024+4.9%+6.8%+3.5%
Q4 2023+4.2%+6.8%+8.7%
Q3 2023+10.1%+9.5%+10.4%
Q2 2023+4.6%+5.7%+14.3%
Q1 2023+4.3%+6.2%+7.8%
Q4 2022+1.1%-1.4%-0.5%
Q3 2022+1.8%+0.3%+2.1%
Q2 2022+0.3%-0.6%-2.3%
Q1 2022+0.1%+1.0%-2.0%
Q4 2021-1.5%-0.3%+3.4%
Q3 2021-1.1%-2.1%-5.8%
Q2 2021-1.6%-2.5%-6.9%
Q1 2021+1.4%+4.8%+6.4%
Q4 2020+4.2%+1.9%-2.6%
Q3 2020-2.8%+6.3%+9.0%
Q2 2020+12.0%+9.9%+4.0%
Q1 2020+12.0%+9.9%+4.0%
Q4 2019-11.2%-0.1%-24.0%
Q3 2019+0.0%+0.3%+1.4%
Q2 2019+0.0%+0.1%+0.1%
Q1 2019+0.0%+0.0%-0.5%
Q4 2018+0.2%+0.1%+1.8%
Q3 2018+0.0%+0.3%-0.1%
Q2 2018+0.0%+0.0%-0.5%
Q1 2018

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