International General Insurance Holdings Ltd.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $46.8m $89.2m $118.2m $135.2m $127.2m
Net income/(loss) ($239.5m) ($56.4m) $29.8m $51.1m $534.7m $486.1m $340.2m
Net Income From Continuing Operations $89.2m $118.2m $135.2m $127.2m
Depreciation and amortization $62.2m $1.4m $2.0m $2.6m $3.6m $3.7m $2.5m $3.4m $3.6m
Amortization of net premium on investments $1.7m $2.2m $2.1m $2.2m $2.9m
Amortization of right-of-use operating lease assets $0 $0 $13.4m $11.8m $12.0m $10.1m $10.7m $9.9m $10.1m
Amortization Of Securities $2.2m $2.1m $2.2m $2.9m
Deferred tax expense (benefit) ($462k) ($307k) $1.4m ($2.7m) $2.1m
Deferred tax expense/(benefit) ($32.5m) ($7.1m) $24.7m ($1.0m) ($3.2m) ($104.6m) ($197.7m) ($88.6m) $22.3m
Deferred Income Tax $358k ($508k) ($3.0m) ($187k)
Deferred Tax $358k ($508k) ($3.0m) ($187k)
Share-based compensation expense $9.8m $10.1m $0 $0 $1.2m $2.3m $3.2m $4.6m $6.8m
Replacement awards and share-based compensation $0 $0 $41.7m
Impairment of lease assets $0 $0 $12.3m $12.9m $400k ($6.7m) $0 $0
Asset Impairment Charge $41k $0
Gain on disposal of property and equipment $10k $112k ($89k) ($29k) ($47k)
Operating lease liabilities payments ($781k) ($1.0m) ($913k) ($2.7m) ($3.1m)
Interest on operating lease liabilities $0 $0 $4.6m $5.5m $5.5m $5.4m $4.5m $4.1m $3.6m
Operating lease liabilities $0 $0 ($18.0m) ($17.3m) ($17.5m) ($15.5m) ($15.5m) ($15.9m) ($15.7m)
Payments to acquire equity investments $0 $0 ($48.2m)
Proceeds from sales of equity investments $0 $0 $42.2m
Net (purchases) of investments, equity method ($2.7m) ($2.0m) ($400k) $0 $0
Net (purchases)/sales of investments, equity method ($2.4m) ($1.4m) ($1.1m) $6.1m ($200k) ($400k)
Earnings (Loss)es From Equity Investments $7.2m ($209k)
Net realized gain on investments ($308k) $687k ($6.7m) ($589k) ($2.3m)
Net unrealized gain on investments $3.7m $5.5m ($2.7m) ($1.4m) ($3.2m)
Change in allowance for expected credit losses on investments $66k $361k ($368k) ($29k) ($187k)
Change in fair value of derivative financial liabilities ($4.6m) $27.3m $4.9m $0
Leases expenses $1.0m $963k $771k $3.1m $1.9m
Non cash adjustment for differences in tax basis ($1.9m) ($312k) ($2.3m)
Premiums receivable ($88.7m) $31.6m $142.8m $79.9m ($18.8m) ($8.6m) ($34.8m) ($10.8m) ($18.3m)
Reinsurance recoverables $17.1m ($3.9m) ($28.7m) ($2.6m) ($8.0m)
Ceded unearned premiums ($257.6m) ($44.8m) $116.0m ($9.6m) ($8.3m) ($9.0m) ($3.6m) ($15.3m) ($856k)
Deferred policy acquisition costs, net of ceding commission $69.4m $41.7m ($41.1m) ($13.3m) ($9.5m) ($1.2m) ($7.3m) ($1.8m) ($3.6m)
Accrued investment income ($492k) ($831k) ($4.9m) ($3.4m) ($125k)
Other assets $627k $249k ($2.7m) ($1.8m) $1.1m ($3.0m) ($1.8m) ($4.7m) ($2.5m)
Reserve for unpaid loss and loss adjustment expenses $1.3b $402.5m ($203.0m) $146.9m $79.1m $58.6m $75.9m $82.1m $4.1m
Unearned premiums $174.1m ($91.6m) $18.0m $68.0m $50.6m $25.5m $53.7m $21.7m $4.7m
Insurance and reinsurance payables $2.2m ($2.5m) ($650k) $345k $5.8m
Other liabilities $1.7m $959k $4.1m $3.4m $8.0m $876k $6.0m ($1.7m) ($6.6m)
Purchase of fixed maturity securities available-for-sale ($1.7b) ($1.6b) ($160.3m) ($189.8m) ($313.0m) ($338.9m) ($221.1m)
Proceeds from fixed maturity securities held to maturity $312k $526k $85k $11k
Proceeds from sale/maturity of fixed maturity securities available-for-sale $169k $312k $526k $102.2m $187.5m
Purchases of property and equipment and Intangible assets ($2.4m) ($1.3m) ($3.2m) ($6.6m) ($944k)
Proceeds from sale of property and equipment $1.1m $543k $89k $29k $47k
Change in term deposits ($5.0m) $12.4m ($73.8m) $104.5m $670k
Change in short-term investments ($2.8m) ($129.4m) $223.5m ($47.3m) $58.3m
Acquisition of a subsidiary ($146k) $0 ($1.1m) $0 $0
Repurchase of common shares under share repurchase program ($30.0m) $0 ($100k) $0 $0 ($2.4m) ($31.1m) ($23.2m) ($61.9m)
Warrants redemption $0 ($16.3m) $0 $0
Realized and unrealized investment gains ($148.9m) ($110.0m) ($97.1m) ($98.5m) ($56.2m) ($5.0m) ($75.9m) ($52.6m) ($61.4m)
Realized and unrealized investment losses $28.4m $174.7m $10.9m $27.4m $47.4m $182.6m $61.4m $102.1m $72.3m
Net realized and unrealized investment foreign exchange (gains)/losses ($15.0m) ($800k) $27.9m ($25.3m) $13.0m $15.9m ($5.3m) $11.2m ($7.9m)
Net change from current period hedged transactions $2.6m ($1.8m) $4.8m $300k ($6.2m) $15.4m ($14.0m) ($6.5m) $6.7m
Unrealized (gain)/loss on real estate fund in net investment income $0 $0 ($20.5m) ($14.5m) $17.9m $6.1m $5.8m
Unpaid losses recoverable from reinsurers ($1.6b) $319.9m $405.8m ($109.9m)
Reinsurance premiums payable $23.8m $52.1m $19.5m $129.7m $1.2m $1.4b ($563.5m) ($515.5m) ($380.8m)
Income tax payable and refundable $15.9m $1.6m ($1.2m) $7.6m ($7.6m) ($1.3m) $3.5m ($3.0m) $8.8m
Accrued expenses and other payables $147.0m ($88.2m) ($19.3m) $2.4m $73.5m ($87.0m) $13.2m $22.4m $79.9m
Derivative assets and derivative liabilities $13.6m ($21.7m) $15.4m $38.4m ($25.4m)
(Purchases) of fixed income securities — Trading ($1.3b) ($1.3b) ($1.2b) ($281.9m) ($866.4m) ($724.6m) ($418.5m) ($544.6m) ($436.8m)
Proceeds from sales and maturities of fixed income securities — Available for sale $2.0b $1.6b $2.1b $2.4b $1.5b $2.2b $1.3b $1.9b $2.5b
Proceeds from sales and maturities of fixed income securities — Trading $957.6m $1.7b $1.3b $554.4m $548.2m $293.6m $474.0m $850.1m $623.0m
Net proceeds from catastrophe bonds — Trading $7.4m ($4.1m) $7.5m $9.8m $14.3m $500k $1.5m $500k $1.0m
Net change in (payable)/receivable for securities (purchased)/sold ($9.9m) ($5.5m) ($400k) $1.5m $26.6m ($31.8m) $19.9m $16.8m ($36.9m)
Net (purchases) of fixed assets $64.5m ($3.0m) $8.9m $17.5m $18.1m
Proceeds from term loan facility $0 $0 $300.0m $0 $0
Repayment of term loan facility $0 $0 ($300.0m)
Proceeds from senior notes issued $0 $0 $296.8m
Redemption of preference shares (1) ($293.2m) $0 ($241.6m) $0 $0 $0 $0 ($275.0m) $0
Preference share issuance $0 $0 $241.6m $0 $0 $217.0m $0
Unpaid losses ($943.7m) ($575.8m) $236.3m $864.9m $109.5m $1.6b ($319.9m)
Other receivables ($48.2m) $29.9m ($400k) ($17.4m) ($19.4m) ($26.4m) $11.7m
Funds withheld ($26.7m) $8.0m $6.8m ($13.0m) ($5.7m) $1.1m $43.6m
Capital contribution $0 $0 $268.0m $45.0m $0 $0
Fair value of derivatives and settlement of liabilities under derivatives ($16.6m) $5.9m $73.8m ($87.5m) $13.6m ($21.7m)
Net sales/(purchases) of fixed assets ($35.0m) ($27.3m) ($22.2m) ($40.7m) ($64.5m) $3.0m
Investment in multiline reinsurer $0 $0 ($500k) ($2.5m) ($1.6m)
Proportion due to non-controlling interest ($1.3m) ($1.0m) $1.2m $0 $0
Change in fair value of loan notes issued by variable interest entities ($21.2m) $4.4m $3.1m $0 $0
Proceeds from the net issuance of ordinary shares, net of issuance costs $500k $2.7m $1.4m $0 $0
Buy-out of minority interest $0 $0 ($800k) $0 $0
Make-whole payment $0 ($8.6m) ($5.5m) $0 $0
Net (loss) ($266.4m) ($145.8m) ($241.7m) ($40.1m)
(Purchases) of fixed income securities — Available for sale ($1.6b) ($1.8b) ($1.7b) ($1.6b)
(Purchases) of equity securities — Trading ($131.3m) ($16.5m) $0 $0
Proceeds from sales of equity securities — Trading $316.3m $505.6m $0 $0
Preference shares issuance $0 $0 $241.6m $0
Contingent consideration - earn out provision settlement $0 ($11.7m) $0 $0
Beginning Cash Position $242.1m $137.9m $195.0m $168.2m
Cash Flow From Continuing Financing Activities ($12.5m) ($49.2m) ($49.7m) ($107.5m)
Cash Flow From Continuing Investing Activities ($246.5m) ($90.4m) ($186.6m) $35.9m
Change In Account Payable ($2.5m) ($650k) $345k $5.8m
Change In Other Current Assets ($2.1m) ($1.8m) ($4.7m) ($2.5m)
Change In Other Current Liabilities ($1.2m) $5.1m ($4.4m) ($9.7m)
Change In Other Working Capital $2.5m $650k
Change In Payable ($2.5m) ($650k) $345k $5.8m
Change In Payables And Accrued Expense ($2.5m) ($650k) $345k $5.8m
Change In Prepaid Assets ($9.0m) ($3.6m) ($15.3m) ($856k)
Change In Receivables ($12.5m) ($63.5m) ($13.4m) ($26.2m)
Change In Working Capital $54.7m $52.8m $61.2m ($28.4m)
Changes In Account Receivables ($12.5m) ($63.5m) ($13.4m) ($26.2m)
Changes In Cash ($104.2m) $57.1m ($26.8m) $36.6m
End Cash Position $137.9m $195.0m $168.2m $204.9m
Financing Cash Flow ($12.5m) ($49.2m) ($49.7m) ($107.5m)
Free Cash Flow $153.6m $193.4m $202.8m $107.2m
Gain Loss On Investment Securities $6.6m ($9.8m) ($2.0m) ($5.6m)
Gain Loss On Sale Of PPE $112k ($89k) ($29k) ($47k)
Interest Received CFO $15.0m $21.2m
Investing Cash Flow ($246.5m) ($90.4m) ($186.6m) $35.9m
Issuance Of Capital Stock $0 $0 $664k
Net Business Purchase And Sale $0 ($1.1m) $0 $0
Net Foreign Currency Exchange Gain Loss $4.9m $9.1m
Net Intangibles Purchase And Sale ($859k) ($517k)
Net PPE Purchase And Sale ($732k) ($3.2m) ($6.6m) ($897k)
Operating Gains Losses $6.7m ($9.9m) ($2.0m) ($5.7m)
Other Non Cash Items $963k $771k $3.1m $1.9m
Proceeds From Stock Option Exercised $0 ($16.3m) $0 $0
Purchase Of Business $0 ($1.1m) $0 $0
Purchase Of Intangibles ($859k) ($517k)
Purchase Of PPE ($1.3m) ($3.2m) ($6.6m) ($944k)
Repurchase Of Capital Stock ($2.4m) ($31.1m) ($23.2m) ($61.9m)
Sale Of PPE $543k $89k $29k $47k
Stock Based Compensation $2.3m $3.2m $4.6m $6.8m
Unrealized Gain Loss On Investment Securities ($3.1m) $3.0m
Net cash provided by operating activities ($111.5m) ($304.5m) ($337.8m) ($672.7m) $175.3m $154.9m $196.6m $209.5m $108.1m
Purchase of equity securities and other investments ($5.2m) ($1.6m) ($17.4m) ($14.5m) ($8.5m)
(Purchases) of short-term investments — Available for sale ($130.7m) ($130.8m) ($182.7m) ($216.1m) ($17.2m) ($55.9m) ($265.9m) ($334.7m) ($216.2m)
(Purchases) of short-term investments — Trading ($96.0m) ($16.4m) ($193.6m) ($58.3m) ($26.8m) ($7.0m) ($15.1m) ($5.7m) ($20.5m)
(Purchases) of privately-held investments — Available for sale $0 $0 ($14.7m) ($10.0m) ($33.7m)
(Purchases) of privately-held investments — Trading $0 $0 ($287.3m) ($92.8m) ($205.1m) ($377.9m) ($99.0m) ($57.0m) ($78.0m)
(Purchases) of other investments $0 ($100.0m) $0 $0 ($20.0m) ($62.5m) ($9.3m) ($32.5m) ($39.5m)
Net Investment Purchase And Sale ($258.2m) ($12.3m) ($284.4m) $36.2m
Purchase Of Investment ($320.9m) ($330.4m) ($400.8m) ($229.6m)
Proceeds from sale of equity securities and other investments $6.3m $1.4m $35.0m $14.1m $19.9m
Proceeds from sales and maturities of short-term investments — Available for sale $189.5m $113.2m $159.0m $246.1m $99.6m $13.6m $231.0m $167.0m $437.9m
Proceeds from sales and maturities of short-term investments — Trading $212.0m $78.9m $141.1m $103.8m $60.8m $2.6m $19.5m $6.7m $21.7m
Proceeds from sale of privately-held investments — Trading $0 $9.8m $64.9m $182.1m $147.4m $136.9m $195.4m $243.3m
Proceeds from sales of other investments ($500k) $0 $0 $71.1m $0 $5.9m $4.9m $8.5m $21.4m
Sale of investment $9.3m $0 $0 $62.7m $318.1m $116.3m $265.8m
Net Other Investing Changes $12.4m ($73.8m) $104.5m $670k
Net cash from (used in) investing activities $419.0m $657.3m $218.3m $1.2b ($51.5m) ($246.5m) ($90.4m) ($186.6m) $35.9m
Long-term debt and loan notes issued by variable interest entities ($70.6m) ($44.0m) $100k $100k $0 $0
Repayment of long-term debt issued by Silverton ($115.6m) ($86.4m) ($7.7m) $0 $0
Net Issuance Payments Of Debt ($783k) ($1.0m)
Net Long Term Debt Issuance ($783k) ($1.0m)
Repayments of Short-Term Debt $0 $0 ($300.0m) $0 $0
Long-term debt repayment $0 ($125.0m) ($125.0m) $0 $0
Long Term Debt Payments ($783k) ($1.0m)
Repayment Of Debt ($783k) ($1.0m)
Proceeds from issuance of common stock under Employee Stock Purchase Plan $0 $0 $664k
Common Stock Issuance $0 $0 $664k
Net Common Stock Issuance ($2.4m) ($31.1m) ($23.2m) ($61.3m)
Payments of Ordinary Dividends, Common Stock ($56.2m) ($42.9m) $0 $0 $0 $40.0m $40.3m $195.0m $0
Common Stock Payments ($2.4m) ($31.1m) ($23.2m) ($61.9m)
Dividends paid ($11.5m) ($4.1m) ($10.8m) ($4.4m) ($16.1m) ($10.8m) ($1.7m) ($26.5m) ($46.2m)
Dividends paid on preference shares ($36.2m) ($30.5m) ($35.9m) ($44.5m) ($44.5m) ($44.6m) ($49.9m) ($54.9m) ($45.5m)
Dividends paid to non-controlling interest ($100k) ($100k) $0 $0
Cash Dividends Paid ($10.2m) ($1.7m) ($26.5m) ($46.2m)
Common Stock Dividend Paid ($10.2m) ($1.7m) ($26.5m) ($46.2m)
Net cash flows used in financing activities ($11.5m) ($19.1m) ($16.5m) $223.5m ($15.1m) ($12.5m) ($49.2m) ($49.7m) ($107.5m)
Effect of exchange rate movements on cash and cash equivalents $13.9m ($16.7m) $1.1m $14.8m ($8.1m) ($18.8m) $6.6m ($8.1m) $14.5m
Effect Of Exchange Rate Changes ($1.7m) ($3.4m)
Increase/(decrease) in cash and cash equivalents ($219.0m) $28.9m ($53.2m) $716.8m ($433.2m) ($354.9m) $68.9m ($113.9m) $744.6m
NET CHANGE IN CASH, AND CASH EQUIVALENTS AND RESTRICTED CASH $108.7m ($104.2m) $57.1m ($26.8m) $36.6m
Cash, cash equivalents and restricted cash at the beginning of the year $242.1m $137.9m $195.0m $168.2m $204.9m
Cash and cash equivalents at beginning of period $32.0m $1.1b $1.0b $1.7b $1.3b $959.2m $1.0b $914.2m
Restricted cash $296.0m $364.9m $232.1m $323.2m
Cash and cash equivalents at end of period $156.3m $1.1b $1.0b $1.7b
Change In Cash Supplemental As Reported ($104.2m) $57.1m ($26.8m) $36.6m
Interest paid on long-term debt $29.0m $25.3m $19.0m $14.0m $14.0m $14.3m $15.6m $20.5m $17.4m
Income tax paid ($56k) ($1.5m) ($2.3m) ($2.8m) ($6.6m) ($4.6m) ($321k)
Income taxes paid $3.4m ($300k) ($4.7m) $15.0m $15.7m $29.1m $60.9m $69.0m $71.8m
Cash paid for tax withholding purposes ($9.6m) ($4.7m) ($2.8m) $0 $0 $2.8m $6.6m $4.6m $321k

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.