NASDAQ$IGIC
International General Insurance Holdings Ltd · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
IGI reported strong financial results for Q4 2024, driven by increased net premiums earned and improved underwriting income.
IGI reported strong financial results for the fourth quarter of 2024, with net income of $30.0 million and core operating income of $40.9 million. The company achieved a combined ratio of 77.8% and grew its book value per share by almost 20% for the full year.
- Gross written premiums increased by 5.9% to $174.6 million in Q4 2024, primarily driven by growth in the Reinsurance Segment.
- Underwriting income increased to $48.8 million in Q4 2024, primarily due to an increase in net premiums earned.
- Net investment income was $13.6 million in Q4 2024, with an annualized investment yield of 4.4%.
- The combined ratio improved to 77.8% in Q4 2024 from 81.8% in Q4 2023, reflecting strong underwriting performance.
Headline financials
Revenue & EPS history
IGI · Revenue · Quarterly
$175M
Revenue by segment
IGI · $111M total across 3 segments · Q1 2026
- Specialty Short-tail$63.9M—57.5%
- Specialty Long-tail$30.9M—27.8%
- Reinsurance$16.4M—14.7%
Forward guidance
The company's forward-looking statements indicate continued focus on underwriting discipline, intelligent risk selection, and capital management, with an emphasis on returning excess capital to shareholders. However, these projections are subject to various economic, competitive, and industry uncertainties.
Tailwinds
- Continued focus on underwriting discipline and intelligent risk selection to manage risk-adjusted returns.
- Strategy to return excess capital to shareholders through dividends and share repurchases.
- Anticipated growth in Reinsurance and Short-tail segments.
- Commitment to maintaining strong financial condition and operational results.
- Ability to adapt to market cycles and manage capital effectively.
Headwinds
- Changes in demand for IGI's services due to global economic, business, and competitive factors.
- Fluctuations in global currencies, including UK Pound Sterling, Euro, and US Dollar.
- Potential impact of legal proceedings against the Company.
- Effects of geopolitical conflicts (e.g., Russia-Ukraine war, Israel-Hamas hostilities) on operations.
- Inability to maintain Nasdaq listing and other risks indicated in SEC filings.
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 Q4 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro