← International General Insurance Holdings Ltd.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Short-term investments | — | — | — | — | $265.7m | $42.2m | $89.5m | $31.2m | |
| Cash and cash equivalents | $184.7m | $192.5m | $133.4m | $242.1m | $137.9m | $177.0m | $155.2m | $186.2m | |
| Premiums receivable, net of allowance for expected credit losses ($13,595 – 2025, $12,756 – 2024) | $1.5b | $1.3b | $1.2b | $1.3b | $210.4m | $245.2m | $256.1m | $274.3m | |
| Short-term investments, available for sale | — | — | $87.8m | $10.1m | $52.0m | $93.6m | $261.9m | $45.4m | |
| Short-term investments, trading at fair value | — | — | $35.4m | $2.0m | $6.3m | $2.1m | $1.0m | $0 | |
| Other receivables | $121.2m | $114.3m | $135.2m | $153.0m | $179.4m | — | — | — | |
| Receivables for securities sold | $3.2m | $5.1m | $1.4m | $19.4m | $13.5m | — | — | — | |
| Short term investments available for sale, amortized cost | — | $117.6m | $88.0m | — | — | — | — | — | |
| Short-term investments, trading, amortized cost | — | $79.2m | $35.4m | — | — | — | — | — | |
| Premium Receivable, Allowance for Credit Loss | — | $23.0m | $34.0m | — | — | — | — | — | |
| Intangible assets and goodwill | $26.3m | $23.9m | $22.8m | $21.9m | $21.8m | $21.7m | $19.9m | $19.9m | |
| Other assets | $0 | $7.8m | $9.6m | $9.9m | $14.3m | $58.0m | $60.5m | $67.1m | |
| Right-of-use operating lease assets | $0 | $93.5m | $74.1m | $83.4m | $72.8m | $61.6m | $53.5m | $43.4m | |
| Investments | |||||||||
| Fixed maturity securities available-for-sale, at fair value (amortized cost: $1,054,347 – 2025, $1,023,866 – 2024, net of allowance for expected credit losses: $233 – 2025, $409 – 2024) | $5.2b | $5.0b | $4.3b | $4.9b | $489.1m | $765.6m | $1.0b | $1.1b | |
| Equity securities, at fair value (cost: $16,086 – 2025, $25,334 – 2024) | — | — | — | — | $31.4m | $26.2m | $29.0m | $20.9m | |
| Other investments, at fair value (cost: $12,028 – 2025, $12,500 – 2024) | $102.5m | $111.4m | $109.4m | $151.3m | $12.2m | $11.1m | $12.3m | $13.7m | |
| Term deposits | $75.3m | $119.8m | $172.2m | $180.0m | $297.0m | $105.1m | $670k | $0 | |
| Equity-method investments measured at fair value | — | — | — | — | $4.9m | $3.5m | $2.0m | $2.4m | |
| Fixed maturity securities held to maturity | — | — | — | — | $2.0m | $2.0m | $2.0m | $2.0m | |
| Reinsurance recoverable, net of allowance for expected credit losses ($900 – 2025, $885 – 2024) | $2.1b | $2.3b | $3.2b | $3.3b | $194.4m | $223.1m | $225.7m | $233.7m | |
| Ceded unearned premiums | $558.8m | $443.7m | $453.7m | $596.1m | $94.4m | $98.0m | $113.3m | $114.2m | |
| Deferred policy acquisition costs, net of ceding commission | $248.5m | $291.1m | $306.6m | $290.8m | $57.9m | $65.3m | $67.1m | $70.6m | |
| Deferred tax assets, net | $35.4m | $0 | — | $0 | $5.8m | $4.2m | $7.0m | $4.9m | |
| Reserve for unpaid loss and loss adjustment expenses | $7.1b | $7.0b | $7.2b | $7.6b | $636.2m | $712.1m | $794.2m | $798.3m | |
| Unearned premiums | $1.7b | $1.7b | $1.8b | $2.1b | $389.9m | $443.5m | $465.2m | $469.9m | |
| Insurance and reinsurance payables | — | — | — | — | $90.4m | $89.7m | $90.0m | $95.9m | |
| Other liabilities | — | $14.9m | $20.5m | $29.0m | $29.1m | $34.9m | $33.2m | $26.5m | |
| COMMITMENT AND CONTINGENCIES (NOTE 11) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| Common shares (authorized: 750,000,000 shares at $0.01 par value per share; issued and outstanding: 42,842,216 shares – 2025, 45,108,936 shares – 2024) | 90k | 604k | 604k | 604k | 460k | 445k | 453k | 428k | |
| Treasury shares, at cost (1,407 shares – 2025, 154,011 shares – 2024) | — | — | — | — | ($14k) | ($49k) | ($3.7m) | ($35k) | |
| Fixed income securities, available-for-sale | — | — | — | — | — | $4.1b | $4.7b | $5.0b | |
| Fixed income securities, trading | — | — | — | — | — | $1.5b | $1.2b | $1.0b | |
| Catastrophe bonds, trading at fair value (amortized cost — 2025: $0.0 and 2024: $1.0) | $36.2m | $28.6m | $18.8m | $3.4m | $2.9m | $1.6m | $1.0m | $0 | |
| Privately-held Investments, available for sale, at fair value | — | — | — | — | $0 | $14.9m | $24.2m | $50.5m | |
| Privately-held Investments | $0 | $279.7m | $299.3m | $307.1m | $533.0m | $475.0m | $286.8m | $121.8m | |
| Equity investments, trading | — | — | — | — | — | — | $0 | $8.1m | |
| Investments, equity method | $67.1m | $67.9m | $900k | $3.9m | $6.2m | $7.6m | $7.3m | $9.6m | |
| Investments, Excluding Derivative Assets | $6.7b | $6.8b | $5.8b | $6.5b | $6.1b | $6.4b | $6.7b | $6.6b | |
| Derivative assets | $14.6m | $12.9m | $26.8m | $12.9m | $56.2m | $31.7m | $17.0m | $5.0m | |
| Income taxes refundable | $0 | $4.5m | $3.4m | $6.4m | $20.8m | $4.3m | $900k | $2.5m | |
| Reinsurance premiums | $421.2m | $439.6m | $572.8m | $575.7m | $2.0b | $1.4b | $901.1m | $520.3m | |
| Income taxes payable | $100k | $2.7m | $8.8m | $4.4m | $10.9m | $12.6m | $6.8m | $18.7m | |
| Payables for securities purchased | $700k | $2.2m | $0 | $44.6m | $6.9m | $22.3m | $36.9m | $0 | |
| Operating lease liabilities | $0 | $113.2m | $106.0m | $115.2m | $95.5m | $86.1m | $75.6m | $64.7m | |
| Derivative liabilities | $15.1m | $87.2m | $13.6m | $13.3m | $34.9m | $25.8m | $49.5m | $12.1m | |
| Preference shares, value | $0 | $0 | $0 | — | $753.5m | $753.5m | $970.5m | $699.9m | |
| Debt Securities, Trading | $1.2b | $1.2b | $855.6m | $1.2b | $1.5b | $1.5b | — | — | |
| Funds withheld | $91.8m | $85.0m | $98.0m | $103.7m | $102.6m | — | — | — | |
| Office properties and equipment | $73.1m | $64.8m | $77.4m | $114.5m | $81.3m | — | — | — | |
| Non-controlling interest | $3.7m | $0 | $0 | — | — | — | — | — | |
| Plus reinsurance recoverable on unpaid losses at the end of the year | — | $2.3b | $3.2b | — | — | — | — | — | |
| Preference shares, par value | — | $0 | $0 | — | — | — | — | — | |
| Fixed income securities, available for sale amortized cost | — | $4.8b | $4.1b | — | — | — | — | — | |
| Available-for-sale, net of allowance for expected credit losses | — | $600k | $200k | — | — | — | — | — | |
| Unpaid losses (1) (net of allowance for expected credit losses of $3.8 — $Nil) | — | $3.7m | $3.8m | — | — | — | — | — | |
| Total investments | — | — | — | — | $836.7m | $955.7m | $1.1b | $1.1b | |
| TOTAL SHAREHOLDERS’ EQUITY | $410.9m | $540.4m | $654.8m | $710.1m | |||||
| Total insurance reserves | $8.8b | $8.7b | $9.0b | $9.7b | $10.2b | $10.2b | $10.8b | $11.5b | |
| Total shareholders' equity | $2.6b | $2.7b | $2.9b | $2.8b | $2.4b | $2.9b | $3.4b | $3.6b | |
| Total payables | $684.5m | $865.7m | — | — | — | — | — | — | |
| TOTAL ASSETS | $903.1m | $1.0b | $1.3b | $1.5b | $1.6b | $1.8b | $2.0b | $2.1b | |
| Accrued investment income | — | — | — | — | $6.3m | $11.5m | $15.3m | $15.3m | |
| Accrued expenses and other payables | $247.4m | $220.8m | $214.4m | $289.3m | $201.8m | $214.4m | $237.2m | $317.1m | |
| Short-Term Debt | — | — | — | $0 | $299.9m | $300.0m | $300.0m | $296.8m | |
| Deferred tax liabilities | — | — | $5.2m | $2.8m | $900k | $1.6m | $1.1m | $4.0m | |
| Long-term debt | $424.7m | $299.8m | $299.9m | $299.9m | $0 | $300.0m | — | — | |
| Liabilities, excluding long-term debt | — | $865.7m | $905.2m | — | — | — | — | — | |
| TOTAL LIABILITIES | $602.0m | $696.9m | $884.6m | $1.0b | $1.1b | $1.3b | $1.4b | $1.4b | |
| Additional paid-in capital | $2.8m | $2.8m | $1.5b | $1.5b | $147.9m | $137.6m | $144.9m | $86.9m | |
| Accumulated other comprehensive income (loss), net of taxes | ($121.9m) | $8.6m | $19.7m | ($123.0m) | ($44.0m) | ($20.6m) | ($18.6m) | $10.3m | |
| Retained earnings | $169.4m | $182.2m | $209.5m | $232.6m | $307.3m | $423.0m | $531.7m | $612.6m | |
| Preferred Stock, Shares Issued | — | $31.0m | $31.0m | — | — | — | — | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $12.5b | $12.6b | $13.1b | $13.8b | $1.6b | $1.8b | $2.0b | $2.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.