International General Insurance Holdings Ltd. Third Quarter and First Nine Months of 2026 financial results here.
KEY METRICS Third Quarter and First Nine Months of 2026:
INVESTOR WEBCAST: 9 AM Eastern, Wednesday November 4, 2026, accessible via iginsure.com
| GWP | Q3 2026: $119.6 million – down 9.0% vs Q3 2025 9M 2026: $518.5 million – down 1.4% vs 9M 2025, includes impact of the non-renewal of two sizeable reinsurance programmes (= cycle management) |
| Underwriting Income | Q3 2026: $43.0 million down 16.4% vs. Q3 2025 due to higher level of losses primarily related to war in the Middle East
9M 2026: $110.2 million down 3.6% to, and includes the impact of significant losses primarily related to war in the Middle East as well as one large energy loss in the Persian Gulf as well as favourable reserve development |
| Net Income | Q3 2026: $28.0 million versus $33.5 million in Q3 2025
9M 2026: $70.5 million versus $94.9 million in 9M 2025 Both results include the impact of significant losses, primarily related to Middle East war |
| Core Operating Income | Q3 2026: $28.2 million versus $38.6 million in Q3 2025
9M 2026: $71.2 million versus $80.8 million in 9M 2025 Both results include the impact of significant losses, primarily related to Middle East war |
| Combined Ratio | Q3 2026: 85.7% vs. 76.5% in Q3 2025 (Q3 2026 included 6.9 points of accident year CAT losses (incl. $3.2m war related) and 7.1 points of favourable reserve development
9M 2026: 90.1% vs 87.1% in 9M 2025, and included 14.8 points of accident year CAT losses (mostly war related) and 10.9 points of favourable reserve development |
| Shareholder Return | Book Value per share $15.99 at September 30, 2026, down 5.4% from Dec 31, 2025; included total capital return to shareholders of $79.8 million comprised of $57.9 million in common share dividends (including special dividend of $1.15) and $21.9 million in share repurchases; also included negative mark-to-market movement totalling $44.0 million (incl. $29.0 million in Q3) in the Company’s fixed income investment portfolio. |
IGI Group President & CEO Waleed Jabsheh said, “We delivered strong underwriting profitability in the third quarter demonstrated by a combined ratio of 85.7%, culminating in an annualized core operating return on average equity of 16.9%.”
“We remain focused on disciplined portfolio management. The investments we have made in recent years to expand and diversify our capabilities – including our specialty reinsurance business, and the establishment of our new platform in India – are generating profitable new opportunities, even as market conditions become more challenging.”
“As always, we continue to demonstrate our ability to perform at a high level, delivering high-quality, risk-adjusted returns and creating long-term shareholder value. For the first nine months of 2026, we generated an annualized core operating return on average equity of 13.8%, while absorbing the single largest loss event (Middle East war) in IGI’s 25-year history, and returned almost $80 million in shareholder capital through dividends and share repurchases.”