Quarterly UpdatesMay 5, 2026, 04:40 PM
IGI S&P Rating Upgraded to A; Q1 2026 Update, New Dividend, Buyback
AI Summary
International General Insurance Holdings Ltd. announced that S&P raised its financial strength rating to 'A' with a stable outlook. The company also provided a Q1 2026 update, reporting total assets of $2.1 billion and a capital base of $654 million as of March 31, 2026. Additionally, IGI announced a new quarterly dividend policy of $0.01 per common share and authorized a share repurchase program for 5 million common shares, reinforcing its commitment to shareholder value.
Key Highlights
- S&P raised International General Insurance's financial strength rating to 'A' with a Stable Outlook.
- Total Assets reached $2.1 billion as of March 31, 2026.
- Capital base stood at $654 million as of March 31, 2026.
- Announced a new quarterly dividend policy of $0.01 per common share.
- Authorized a share repurchase program for 5 million common shares.
- Achieved a 10-year average Core ROE of 14.5% (2016-2025).
- Maintained a 10-year average Combined Ratio of 87.1% (2016-2025).