NASDAQ$IGIC
International General Insurance Holdings Ltd · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
IGI reported its fourth quarter 2025 financial results, showing growth in net income and book value despite lower net premiums earned.
IGI delivered a solid Q4 2025 with net income rising to $32.3 million and an annualized ROE of 18.5%. While underwriting income saw a slight decline due to lower net premiums earned, the company maintained a strong combined ratio of 82.0% and continued its aggressive capital return strategy, returning $10.2 million to shareholders during the quarter.
- Net income for Q4 2025 increased by 7.7% to $32.3 million compared to $30.0 million in Q4 2024.
- Book value per share grew to $16.91, representing a 13.9% increase from the end of 2024.
- The Q4 combined ratio was 82.0%, compared to 77.8% in the prior year quarter, primarily due to lower positive FX movements.
- Capital returns remained a priority with $8.1 million in share repurchases and $2.1 million in dividends paid during the quarter.
Headline financials
Revenue & EPS history
IGI · Revenue · Quarterly
$111M
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
IGI aims to capitalize on market opportunities through global expansion and prudent capital management while maintaining underwriting discipline.
Tailwinds
- Growth in U.S. business written from London/Bermuda platforms.
- Continued penetration in regional markets across Asia Pacific and MENA.
- Buildout of treaty reinsurance business from London and Bermuda.
- Utilization of Lloyd’s presence to facilitate access to new market intelligence.
- Commitment to returning excess capital through dividends and share repurchases.
Headwinds
- Increased competition in certain short-tail and long-tail lines.
- Potential volatility from global currency fluctuations (GBP, EUR, USD).
- Impact of military conflicts in the Middle East on shipping routes.
- Potential for higher catastrophe losses as seen in the full year 2025 results.
- Ongoing macroeconomic uncertainty affecting global demand for specialty services.
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 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
| 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 | — | — | — |
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