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International General Insurance Holdings Ltd (IGIC)



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Upturn Advisory Summary
06/04/2025: IGIC (3-star) is currently NOT-A-BUY. Pass it for now.
Year Target Price $32
Year Target Price $32
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 126.42% | Avg. Invested days 100 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.09B USD | Price to earnings Ratio 8.71 | 1Y Target Price 32 |
Price to earnings Ratio 8.71 | 1Y Target Price 32 | ||
Volume (30-day avg) - | Beta 0.25 | 52 Weeks Range 13.40 - 26.80 | Updated Date 06/29/2025 |
52 Weeks Range 13.40 - 26.80 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 0.83% | Basic EPS (TTM) 2.76 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 23.16% | Operating Margin (TTM) 16.67% |
Management Effectiveness
Return on Assets (TTM) 3.87% | Return on Equity (TTM) 20.63% |
Valuation
Trailing PE 8.71 | Forward PE 8.99 | Enterprise Value 984478569 | Price to Sales(TTM) 2.03 |
Enterprise Value 984478569 | Price to Sales(TTM) 2.03 | ||
Enterprise Value to Revenue 1.83 | Enterprise Value to EBITDA - | Shares Outstanding 45296900 | Shares Floating 17601632 |
Shares Outstanding 45296900 | Shares Floating 17601632 | ||
Percent Insiders 50.89 | Percent Institutions 51.31 |
Analyst Ratings
Rating 5 | Target Price 32 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
International General Insurance Holdings Ltd

Company Overview
History and Background
International General Insurance Holdings Ltd (IGI) was founded in 2001. Initially focused on providing specialty insurance and reinsurance solutions, it has expanded its global presence and product offerings over time. IGI listed on the Nasdaq in 2020 through a business combination with Tiberius Acquisition Corp.
Core Business Areas
- Specialty Lines: Includes energy, property, construction & engineering, ports & terminals, general aviation, political violence, financial institutions, professional indemnity, casualty, legal expenses, surety, marine, contingency and reinsurance lines of business.
- Reinsurance: Provides reinsurance capacity across various lines, including property, casualty, and specialty risks. IGI works with ceding companies to transfer risks and manage capital.
Leadership and Structure
Wasef Jabsheh is the Vice Chairman and CEO. The company operates with a board of directors and an executive management team overseeing different functional areas such as underwriting, finance, and operations. It has a global presence with offices in key locations.
Top Products and Market Share
Key Offerings
- Competitors: AXA, Allianz, Chubb
- Property Insurance: Covers physical damage or loss to property from various perils. IGI competes with a range of global and regional insurers. Market share data is not readily available in precise percentage terms, but IGI focuses on specific niches within the property market.
- Competitors: AXA XL, AIG, Zurich
- Energy Insurance: Provides coverage for onshore and offshore energy assets. IGI's competitors include major players in the energy insurance sector.
- Competitors: Allianz, AXA XL, Zurich
- Construction & Engineering: Designed to protect against construction and engineering risks, IGI's offering competes with specialized engineering insurers.
Market Dynamics
Industry Overview
The specialty insurance market is characterized by cyclicality, with periods of hardening rates followed by softening rates. Factors such as geopolitical risks, natural disasters, and regulatory changes influence market conditions. There is growing opportunity and need for specific insurance products across the global economy.
Positioning
IGI positions itself as a specialist insurer focused on niche markets and complex risks. Its competitive advantages include its underwriting expertise, global network, and ability to provide customized solutions.
Total Addressable Market (TAM)
The total addressable market for specialty insurance is estimated to be in the hundreds of billions of dollars globally. IGI is positioned to capture a portion of this TAM through its specialized offerings and global reach.
Upturn SWOT Analysis
Strengths
- Strong Underwriting Expertise
- Global Network
- Specialized Product Offerings
- Experienced Management Team
- Strong Financial Position
Weaknesses
- Smaller Scale Compared to Larger Competitors
- Dependence on Key Personnel
- Volatility in Reinsurance Markets
Opportunities
- Expansion into New Geographic Markets
- Development of New Products and Services
- Increased Demand for Specialty Insurance
- Strategic Acquisitions
- Technological Advancements
Threats
- Increased Competition
- Economic Downturn
- Natural Disasters
- Regulatory Changes
- Cybersecurity Risks
Competitors and Market Share
Key Competitors
- HCI Group Inc (HCI)
- RLI Corp (RLI)
- W. R. Berkley Corporation (WRB)
- Arch Capital Group Ltd (ACGL)
- Axis Capital Holdings Limited (AXS)
Competitive Landscape
IGI's advantages include its specialized expertise, global network, and strong customer relationships. Its disadvantages include its smaller scale and limited brand recognition compared to larger competitors.
Major Acquisitions
No acquisitions found
- Year: 2024
- Acquisition Price (USD millions): 0
- Strategic Rationale: No Acquisitions found
Growth Trajectory and Initiatives
Historical Growth: IGI has experienced consistent revenue growth over the past several years, driven by expansion in key markets and product lines.
Future Projections: Analysts project continued revenue growth and profitability improvements for IGI, supported by favorable market conditions and strategic initiatives.
Recent Initiatives: IGI has focused on expanding its geographic footprint, developing new products, and investing in technology to enhance its operations.
Summary
IGI is a specialty insurance company with solid underwriting expertise and global reach. The company has shown consistent revenue growth and improving profitability. While smaller than its major competitors, IGI leverages its niche focus and strong relationships. It faces competition and market cyclicality and the need to expand its product offerings to sustain long-term growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Company Investor Relations
- Market Research Reports
- Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data and analyst estimates are subject to change. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About International General Insurance Holdings Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2020-03-18 | CEO, President & Director Mr. Waleed Wasef Jabsheh | ||
Sector Financial Services | Industry Insurance - Diversified | Full time employees - | Website https://www.iginsure.com |
Full time employees - | Website https://www.iginsure.com |
International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, marine, and treaty reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
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