International General Insurance Holdings Ltd. More Details
Flawless balance sheet with high growth potential.
Share Price & News
How has International General Insurance Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IGIC's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: IGIC underperformed the US Insurance industry which returned 36.1% over the past year.
Return vs Market: IGIC underperformed the US Market which returned 56.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is International General Insurance Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StBe Sure To Check Out International General Insurance Holdings Ltd. (NASDAQ:IGIC) Before It Goes Ex-Dividend
3 weeks ago | Simply Wall StDid International General Insurance Holdings' (NASDAQ:IGIC) Share Price Deserve to Gain 12%?
Is International General Insurance Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IGIC ($7.02) is trading above our estimate of fair value ($1.24)
Significantly Below Fair Value: IGIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IGIC is good value based on its PE Ratio (10.2x) compared to the US Insurance industry average (14.4x).
PE vs Market: IGIC is good value based on its PE Ratio (10.2x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: IGIC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: IGIC is good value based on its PB Ratio (0.8x) compared to the US Insurance industry average (1.1x).
How is International General Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGIC's forecast earnings growth (25.4% per year) is above the savings rate (2%).
Earnings vs Market: IGIC's earnings (25.4% per year) are forecast to grow faster than the US market (18.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IGIC's revenue (30.9% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: IGIC's revenue (30.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IGIC's Return on Equity is forecast to be low in 3 years time (11.2%).
How has International General Insurance Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGIC has high quality earnings.
Growing Profit Margin: IGIC's current net profit margins (9.6%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: IGIC's earnings have declined by 5.6% per year over the past 5 years.
Accelerating Growth: IGIC's earnings growth over the past year (26.1%) exceeds its 5-year average (-5.6% per year).
Earnings vs Industry: IGIC earnings growth over the past year (26.1%) exceeded the Insurance industry -9.8%.
Return on Equity
High ROE: IGIC's Return on Equity (8%) is considered low.
How is International General Insurance Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: IGIC's short term assets ($708.3M) exceed its short term liabilities ($541.9M).
Long Term Liabilities: IGIC's short term assets ($708.3M) exceed its long term liabilities ($342.7M).
Debt to Equity History and Analysis
Debt Level: IGIC is debt free.
Reducing Debt: IGIC had no debt 5 years ago.
Debt Coverage: IGIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IGIC has no debt, therefore coverage of interest payments is not a concern.
What is International General Insurance Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IGIC's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: IGIC's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether IGIC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if IGIC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.7%), IGIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wasef Jabsheh (77 yo)
Mr. Wasef Salim Jabsheh is a Founder and Chief Executive Officer at International General Insurance Holdings Ltd and has been its Chairman since March 17, 2020. Mr. Jabsheh serves as Chairman and Chief Exe...
Experienced Management: IGIC's management team is considered experienced (3.3 years average tenure).
Experienced Board: IGIC's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
International General Insurance Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: International General Insurance Holdings Ltd.
- Ticker: IGIC
- Exchange: NasdaqCM
- Founded: 2001
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$315.611m
- Shares outstanding: 45.74m
- Website: https://www.iginsure.com
Number of Employees
- International General Insurance Holdings Ltd.
- 74 Abdel Hamid Sharaf Street
- PO Box 941428
International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and R...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/12 23:00|
|End of Day Share Price||2021/04/12 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.