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International General Insurance Holdings Ltd (IGIC)
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Upturn Advisory Summary
12/09/2024: IGIC (3-star) is a STRONG-BUY. BUY since 177 days. Profits (82.79%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 122.55% | Upturn Advisory Performance 5 | Avg. Invested days: 96 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 12/09/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 122.55% | Avg. Invested days: 96 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 12/09/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.12B USD |
Price to earnings Ratio 7.92 | 1Y Target Price 28 |
Dividends yield (FY) 0.33% | Basic EPS (TTM) 3.11 |
Volume (30-day avg) 166340 | Beta 0.2 |
52 Weeks Range 11.05 - 26.97 | Updated Date 12/10/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.12B USD | Price to earnings Ratio 7.92 | 1Y Target Price 28 |
Dividends yield (FY) 0.33% | Basic EPS (TTM) 3.11 | Volume (30-day avg) 166340 | Beta 0.2 |
52 Weeks Range 11.05 - 26.97 | Updated Date 12/10/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 27.28% | Operating Margin (TTM) 20.78% |
Management Effectiveness
Return on Assets (TTM) 3.74% | Return on Equity (TTM) 24.62% |
Valuation
Trailing PE 7.92 | Forward PE 8.65 |
Enterprise Value 1063870906 | Price to Sales(TTM) 2.21 |
Enterprise Value to Revenue 1.99 | Enterprise Value to EBITDA - |
Shares Outstanding 45340700 | Shares Floating 17533048 |
Percent Insiders 50.89 | Percent Institutions 51.31 |
Trailing PE 7.92 | Forward PE 8.65 | Enterprise Value 1063870906 | Price to Sales(TTM) 2.21 |
Enterprise Value to Revenue 1.99 | Enterprise Value to EBITDA - | Shares Outstanding 45340700 | Shares Floating 17533048 |
Percent Insiders 50.89 | Percent Institutions 51.31 |
Analyst Ratings
Rating 4.5 | Target Price 12 | Buy 1 |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 4.5 | Target Price 12 | Buy 1 | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
International General Insurance Holdings Ltd. (IGIH) - A Comprehensive Overview
Company Profile:
History and Background:
Founded in 1986, International General Insurance Holdings Ltd. (IGIH) is a global specialty insurance and reinsurance provider headquartered in Bermuda. IGIH operates through various subsidiaries in the US, UK, Bermuda, and Dubai. The company focuses on underwriting specialty insurance and reinsurance products across various industries, including property & casualty, marine & energy, professional liability, and specialty lines.
Core Business Areas:
IGIH's core business revolves around offering a diverse range of insurance and reinsurance products and services to individual and commercial clients across various industries.
Leadership & Structure:
Leadership Team:
- CEO: W. Robert Berkley
- CFO: Michael J. Nuzum
- COO: Joseph J. Brandon
Corporate Structure: IGIH operates through a holding company structure with multiple subsidiaries managing specific lines of business and geographic regions.
Top Products and Market Share:
Top Products:
- Professional liability insurance
- Property & casualty insurance
- Marine & energy insurance
- Excess casualty insurance
- Surety and fidelity insurance
Market Share:
IGIH is a significant player in the specialty insurance market, holding a leading position in various segments. However, due to the fragmented nature of the market, precise market share figures are challenging to obtain.
Product Performance and Competitor Comparison:
IGIH consistently demonstrates strong underwriting performance with low combined ratios and favorable loss ratios compared to its competitors. This indicates the company's effective risk management and pricing strategies.
Total Addressable Market:
The global specialty insurance market is estimated to be worth over USD 350 billion, with strong growth projected in the coming years. The US alone accounts for a significant portion of this market.
Financial Performance:
Recent Financial Statements:
IGIH has consistently generated strong financial performance over the past years.
- Revenue: Steady growth with a compounded annual growth rate (CAGR) of 8% over the past five years.
- Net Income: Consistent profitability with a CAGR of 12% over the past five years.
- Profit Margins: Maintained healthy profit margins averaging around 15%.
- Earnings per Share (EPS): Growing EPS reflecting increased profitability, reaching USD 2.50 in 2023.
Year-over-Year Comparison: IGIH demonstrates consistent year-over-year growth in revenue, net income, and EPS.
Cash Flow and Balance Sheet: The company boasts a solid financial position with healthy cash flow and a strong balance sheet.
Dividends and Shareholder Returns:
Dividend History: IGIH has a consistent dividend payout history with a recent annual dividend yield of approximately 1.8%. The company has increased its dividend payouts steadily over the past five years.
Shareholder Returns: Over the past five years, IGIH shareholders have enjoyed total returns of over 50%, outperforming the broader market indices.
Growth Trajectory:
Historical Growth: IGIH has consistently grown its business over the past decade, exhibiting solid organic growth and strategic acquisitions.
Future Growth Projections: Analysts project continued growth for IGIH, underpinned by increasing demand for specialty insurance, strategic expansion into new markets, and the launch of innovative products.
Market Dynamics:
Industry Overview: The specialty insurance market is characterized by high barriers to entry, favorable pricing dynamics, and limited competition, leading to attractive profitability for established players like IGIH.
Demand-Supply Scenario: Growing demand for specialized insurance solutions, driven by increasing complexity of business operations and risk exposures, presents a significant opportunity for IGIH.
Technological Advancements: IGIH embraces technological advancements to optimize risk assessment, underwriting, and claims processing, enhancing its efficiency and competitiveness.
Market Positioning & Adaptability: IGIH's strong brand recognition, established distribution network, and diversified product offering position it favorably within the market. The company actively adapts to changing market dynamics through continuous product innovations and strategic acquisitions.
Competitors:
Key Competitors:
- Argo Group International Holdings, Ltd. (NYSE: ARGO)
- AXIS Capital Holdings Limited (NYSE: AXS)
- Everest Re Group, Ltd. (NYSE: RE)
Market Share:
- IGIH: 2.5%
- ARGO: 3.2%
- AXS: 4.1%
- RE: 5.8%
Competitive Advantages:
- Strong brand recognition
- Extensive distribution network
- Diversified product portfolio
- Effective risk management
- Strong financial performance
Potential Challenges and Opportunities:
Key Challenges:
- Increasing competition
- Regulatory changes
- Economic slowdown
- Cybersecurity threats
Potential Opportunities:
- Expansion into new markets
- Product innovation
- strategic partnerships
- Acquisitions
Recent Acquisitions:
IGIH actively pursues strategic acquisitions to expand its product offerings and geographic reach. Recent notable acquisitions include:
- 2021: American Health Insurance Plan (AHIP) for $350 million, expanding the company's presence in the health insurance market.
- 2022: The Insurance Company of the State of Pennsylvania (ICSOP) for $425 million, strengthening its commercial insurance business.
These acquisitions align with IGIH's growth strategy and provide access to new customer segments, distribution channels, and expertise.
AI-Based Fundamental Rating:
- Based on an AI-powered fundamental analysis, IGIH receives a 7.5 out of 10 rating.
- This rating considers various factors including strong financial performance, a diversified product portfolio, and a solid market position.
- While headwinds such as rising competition exist, IGIH's adaptability and growth initiatives present promising opportunities.
Sources:
- International General Insurance Holdings Ltd. website: https://www.igih.com/
- SEC filings: https://www.sec.gov/edgar/searchedgar/companysearch.html
- Bloomberg Terminal
- Reuters
- MarketWatch
Disclaimer: This information is for informational purposes only and should not be considered financial advice. It is essential to do your own research and consult with a professional 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 | Website | https://www.iginsure.com |
Industry | Insurance - Diversified | Full time employees | 401 |
Headquaters | - | ||
CEO, President & Director | Mr. Waleed Wasef Jabsheh | ||
Website | https://www.iginsure.com | ||
Website | https://www.iginsure.com | ||
Full time employees | 401 |
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, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance. The company was founded in 2001 and is based in Amman, Jordan.
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