International General Insurance Holdings Ltd 6-K, filed May 5, 2026

International General Insurance Holdings Ltd. (IGIC)

6-K 2026-05-05 For: 2026-05-05

Added on July 04, 2026

About this 6-K

International General Insurance Holdings Ltd filed this 6-K on May 5, 2026.

Exhibit Number		Exhibit Description
99.1		Press release dated May 5, 2026 – IGI Reports First Quarter 2026 Condensed and Unaudited Financial Results

	INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.

Date: May 5, 2026	By:	/s/ Pervez Rizvi
		Name:	Pervez Rizvi
		Title:	Chief Financial Officer

	Quarter Ended March 31,
	2026			2025
Gross written premiums	$	197.2		$	206.5
Net premiums earned	$	111.2		$	112.8
Underwriting income ⁽¹⁾	$	37.7		$	27.9
Net investment income	$	13.5		$	15.5
Net income	$	21.7		$	27.3
Combined ratio ⁽¹⁾		89.1	%		94.4	%
Earnings per share (diluted) ⁽²⁾	$	0.49		$	0.59
Return on average equity (annualized) ⁽³⁾		12.7	%		16.7	%
Core operating income ⁽³⁾	$	24.4		$	19.5
Core operating earnings per share (diluted) ⁽³⁾	$	0.56		$	0.42
Core operating return on average equity (annualized) ⁽³⁾		14.3	%		12.0	%
Book value per share ⁽¹⁾	$	15.60		$	14.65

(in millions of U.S. Dollars)	Quarter Ended March 31, 2026
Total Shareholders’ equity at beginning of period	$	710.2
Net income	$	21.7
Change in unrealized (loss) gain on available-for-sale investments	$	(15.3	)
Purchase of treasury shares ^(a)	$	(13.1	)
Issuance of common shares under share-based compensation plan and employees stock purchase plan	$	1.6
Cash dividends declared	$	(51.5	)
Total shareholders’ equity at March 31, 2026	$	653.6

	Quarter Ended March 31,
(in millions of U.S. Dollars except per share data)	2026			2025

Gross written premiums	$	197.2		$	206.5
Ceded written premiums	$	(38.3	)	$	(48.9	)
Net written premiums	$	158.9		$	157.6
Net change in unearned premiums	$	(47.7	)	$	(44.8	)
Net premiums earned	$	111.2		$	112.8
Investment income	$	14.1		$	13.6
Net realized (loss) gain on investments	$	(0.2	)	$	1.1
Net unrealized (loss) gain on investments	$	(0.5	)	$	0.9
Change in allowance for expected credit losses on investments	$	0.1		$	(0.1	)
Net investment income	$	13.5		$	15.5
Other revenues	$	1.0		$	0.7
Total revenues	$	125.7		$	129.0
Expenses
Net loss and loss adjustment expenses	$	(54.8	)	$	(62.6	)
Net policy acquisition expenses	$	(18.7	)	$	(22.3	)
General and administrative expenses	$	(25.6	)	$	(21.6	)
Change in allowance for expected credit losses on receivables	$	(0.1	)	$	(0.6
Other expenses	$	(2.1	)	$	(1.6	)
Net Foreign exchange (loss) gain	$	(2.4	)	$	(7.2
Total expenses	$	(103.7	)	$	(100.3	)
Income before income taxes	$	22.0		$	28.7
Income tax expense	$	(0.3	)	$	(1.4	)
Net income	$	21.7		$	27.3
Diluted earnings per share attributable to equity holders ⁽¹⁾	$	0.49		$	0.59

(in millions of U.S. Dollars)	As at March 31, 2026			As at December 31, 2025
ASSETS
Investments
Fixed maturity securities available-for-sale, at fair value	$	1,028.8		$	1,064.3
Fixed maturity securities held to maturity	$	2.0		$	2.0
Equity securities, at fair value	$	20.6		$	20.9
Other investments, at fair value	$	13.1		$	13.7
Short-term investments	$	31.1		$	31.2
Equity-method investments measured at fair value	$	2.4		$	2.4
Total investments	$	1,098.0		$	1,134.5
Cash and cash equivalents	$	160.5		$	186.2
Accrued investment income	$	13.8		$	15.3
Premiums receivable, net of allowance for expected credit losses	$	319.5		$	274.3
Reinsurance recoverables, net of allowance for expected credit losses	$	249.7		$	233.6
Ceded unearned premiums	$	104.1		$	114.2
Deferred policy acquisition costs, net of ceding commissions	$	78.1		$	70.6
Deferred tax assets, net	$	5.6		$	4.9
Other assets	$	75.3		$	67.2
TOTAL ASSETS	$	2,104.6		$	2,100.8

LIABILITIES
Reserve for unpaid loss and loss adjustment expenses	$	825.7		$	798.3
Unearned premiums	$	507.5		$	469.9
Insurance and reinsurance payables	$	89.3		$	95.9
Other liabilities	$	28.5		$	26.5
TOTAL LIABILITIES	$	1,451.0		$	1,390.6

SHAREHOLDERS’ EQUITY
Common shares at par value	$	0.4		$	0.4
Additional paid-in capital	$	82.2		$	86.9
Treasury shares	($	6.7	)		—
Accumulated other comprehensive (loss) gain, net of taxes	($	5.1	)	$	10.3
Retained earnings	$	582.8		$	612.6
TOTAL SHAREHOLDERS’ EQUITY	$	653.6		$	710.2
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	2,104.6		$	2,100.8

(in millions of U.S. Dollars, except share and per share data)	As at March 31, 2026		As at December 31, 2025

Common shares outstanding (in millions)*		42.6		42.8
Minus: Unvested shares (in millions)**		0.7		0.8
Number of vested common outstanding shares (in millions) (a)		41.9		42.0

Total shareholders’ equity (b)	$	653.6	$	710.2
Book value per share (b)/(a)	$	15.60	$	16.91

	No. of shares as at
	March 31, 2026
Vested common shares as of December 31, 2025		41,986,251
Treasury shares balance as of December 31, 2025		1,407
Vested restricted share awards		445,684
Granted employee stock purchase plan		4,659
Cancelled treasury shares		(265,964	)
Treasury shares balance as of March 31, 2026		(280,817	)
Total vested common shares as of March 31, 2026		41,891,220

Unvested restricted shares awards as of March 31, 2026		744,532
Unvested employee stock purchase plan as of March 31, 2026		23,982
Total unvested shares as of March 31, 2026		768,514
Total common shares outstanding as of March 31, 2026		42,659,734

For the quarter ended March 31, 2026
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	49.4		$	92.2		$	55.6		$	197.2
Ceded written premiums	$	(11.6	)	$	(25.6	)	$	(1.1	)	$	(38.3	)
Net written premiums	$	37.8		$	66.6		$	54.5		$	158.9
Net change in unearned premiums	$	(6.9	)	$	(2.7	)	$	(38.1	)	$	(47.7	)
Net premiums earned	$	30.9		$	63.9		$	16.4		$	111.2

Net loss and loss adjustment expenses	$	(8.8	)	$	(42.7	)	$	(3.3	)	$	(54.8	)
Net policy acquisition expenses	$	(4.6	)	$	(12.0	)	$	(2.1	)	$	(18.7	)
Underwriting income	$	17.5		$	9.2		$	11.0		$	37.7

For the quarter ended March 31, 2025
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	40.5		$	96.0		$	70.0		$	206.5
Ceded written premiums	$	(11.7	)	$	(35.5	)	$	(1.7	)	$	(48.9	)
Net written premiums	$	28.8		$	60.5		$	68.3		$	157.6
Net change in unearned premiums	$	1.8		$	(3.2	)	$	(43.4	)	$	(44.8	)
Net premiums earned	$	30.6		$	57.3		$	24.9		$	112.8

Net loss and loss adjustment expenses	$	(29.9	)	$	(21.7	)	$	(11.0	)	$	(62.6	)
Net policy acquisition expenses	$	(8.2	)	$	(10.6	)	$	(3.5	)	$	(22.3	)
Underwriting income (loss)	$	(7.5	)	$	25.0		$	10.4		$	27.9

	Quarter Ended March 31,
(in millions of U.S. Dollars, except percentages)	2026			2025
Investment income	$	14.1		$	13.6
Average total investments and cash and cash equivalents⁽ⁱ⁾	$	1,321.0		$	1,298.0
Investment Yield (annualized)		4.3	%		4.3	%

	Quarter Ended March 31,
	2026						2025
(in millions of U.S. Dollars, except percentages)	Net loss and loss adjustment expenses			% of net premiums earned			Net loss and loss adjustment expenses			% of net premiums earned
Current accident year losses (excluding CAT losses)	$	65.7			59.1	%	$	60.2			53.4	%
Plus: Current accident year CAT losses	$	21.3			19.2	%	$	28.2			25.0	%
Plus: Prior years favorable loss development	$	(32.2	)		(29.0	%)	$	(25.8	)		(22.9	)%
Net loss and loss adjustment expenses	$	54.8			49.3	%	$	62.6			55.5	%

	Quarter Ended March 31,
(in millions of U.S. Dollars, except for percentages and per share data)	2026			2025
Net income for the period	$	21.7		$	27.3
Reconciling items between net income for the period and core operating income:
Net realized loss (gain) on investments	$	0.2		$	(1.1	)
Tax impact of net realized loss on investments⁽ⁱ⁾		—		$	0.1
Net unrealized loss (gain) on investments	$	0.5		$	(0.9	)
Tax impact of net unrealized loss (gain) on investments⁽ⁱ⁾	$	0.2		$	0.2
Change in allowance for expected credit losses on investments	$	(0.1	)	$	0.1
Tax impact of change in allowance for expected credit losses on investments⁽ⁱ⁾		—			—
Net foreign exchange loss (gain)	$	2.4		$	(7.2	)
Tax impact of net foreign exchange loss (gain)⁽ⁱ⁾	$	(0.5	)	$	1.0
Core operating income	$	24.4		$	19.5
Average shareholders’ equity ⁽ⁱⁱ⁾	$	681.9		$	652.7
Core operating return on average equity (annualized) ^{(iii) and (v)}		14.3	%		12.0	%
Diluted core operating earnings per share ^(iv)	$	0.56		$	0.42
Return on average equity (annualized) ^(v)		12.7	%		16.7	%