IGI Reports Second Quarter and First Six Months of 2026 Unaudited Financial Results and Declares Ordinary Common Share Dividend
IGI reported Q2 2026 net income of $20.9 million, down from $34.1 million in the prior year, as catastrophe losses related to the Middle East conflict weighed on results. Despite these headwinds, gross written premiums grew 7.4% year-over-year to $201.7 million, and the combined ratio remained profitable at 95.1%. The company demonstrated capital strength by returning $72.9 million to shareholders in the first half of 2026 through dividends and buybacks. The Board declared a quarterly dividend of $0.075 per share, payable September 2, and repurchased 205,160 shares in the second quarter at an average price of $24.82.
Key figures
- Eps
- 0.49
- Revenue
- 125000000
- Revenue Yoy
- 8.7%
- Net income
- 20900000
- Combined ratio
- 95.1%
- Underwriting income
- 29500000
- Book value per share
- 16.04
- Core operating income
- 18700000
- Shares repurchased q2
- 205160
- Gross written premiums
- 201700000
- Average repurchase price q2
- 24.82
- Return on equity annualized
- 12.6%
AI analysis
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