Quarterly ResultAug 5, 2026, 06:04 AM
IGI Q2 Net Income $20.9M, EPS $0.49; Declares $0.075 Dividend
AI Summary
International General Insurance Holdings Ltd. reported its second quarter and first six months of 2026 unaudited financial results, showing a decrease in net income and diluted EPS compared to the prior year, largely due to significant catastrophe losses from the war in the Middle East. Despite these challenges, the company achieved growth in gross written premiums and maintained profitable underwriting across all segments. The Board of Directors also declared an ordinary common share dividend of $0.075 per share.
Key Highlights
- Q2 2026 Net Income was $20.9M, down from $34.1M in Q2 2025.
- Q2 2026 Diluted EPS was $0.49, compared to $0.77 in Q2 2025.
- Gross written premiums increased 7.4% to $201.7M in Q2 2026.
- Combined ratio for Q2 2026 was 95.1%, up from 90.5% in Q2 2025.
- Declared an ordinary common share dividend of $0.075 per share.
- Repurchased 205,160 common shares for $5.1M in Q2 2026.
- CAT losses, primarily from Middle East war, were 18.8% of loss ratio in Q2 2026.
Price Impact
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