International General Insurance Holdings Ltd. (IGIC) Form 6-K — Nov 3, 2026
IGI reported Q3 2026 net income of $28.0 million, down from $33.5 million a year earlier, with diluted EPS of $0.66 versus $0.75, as Middle East war CAT losses (6.9 points in the quarter) pushed the combined ratio to 85.7% from 76.5%. Despite the year-over-year decline, underwriting remained profitable across all segments with $43.0 million of underwriting income, and annualized core operating ROE was 16.9%. For the first nine months, net income was $70.5 million versus $94.9 million, absorbing what management called the single largest loss event in the company's 25-year history.
Key figures
- Eps
- 0.66
- Revenue
- 140000000
- Net Income
- 28000000
- Revenue Yoy
- +8.9% QoQ-prior-year quarter ($140.0M vs $128.6M)
- Cash Position
- 188900000
- Loss ratio q3
- 46.1%
- Expense ratio q3
- 39.6%
- Combined ratio 9m
- 90.1%
- Combined ratio q3
- 85.7%
- Roe q3 annualized
- 16.8%
- Cat loss points 9m
- 14.8 pts (Middle East war)
- Dividend per share
- 0.075
- Book value per share
- 15.99
- Core operating eps q3
- 0.67
- Shares repurchased 9m
- 899050
- Net premiums earned q3
- 124500000
- Underwriting income 9m
- 110200000
- Underwriting income q3
- 43000000
- Avg repurchase price 9m
- 24.37
- Combined ratio q3 prior
- 76.5%
- Core operating income q3
- 28200000
- Net investment income q3
- 14500000
- Gross written premiums 9m
- 518500000
- Gross written premiums q3
- 119600000
- Total shareholders equity
- 663400000
- Book value per share dec2025
- 16.91
- Core operating income q3 prior
- 38600000
- Investment yield q3 annualized
- 4.5%
- Gross written premiums q3 prior
- 131300000
- Core operating roe q3 annualized
- 16.9%
AI analysis
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