International General Insurance Holdings
Market Cap
US$358.0m
Last Updated
2021/03/03 23:56 UTC
Data Sources
Company Financials +
Executive Summary
International General Insurance Holdings Ltd. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent balance sheet.
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 +/- 7% a week.
Volatility Over Time: IGIC's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-0.4%
IGIC
-1.3%
US Insurance
-3.4%
US Market
1 Year Return
n/a
IGIC
7.0%
US Insurance
29.4%
US Market
Return vs Industry: Insufficient data to determine how IGIC performed against the US Insurance industry.
Return vs Market: Insufficient data to determine how IGIC performed against the US Market.
Shareholder returns
| IGIC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -1.3% | -3.4% |
| 30 Day | -1.1% | 9.4% | 0.6% |
| 90 Day | 5.1% | 9.0% | 6.3% |
| 1 Year | n/a | 9.9%7.0% | 32.2%29.4% |
| 3 Year | n/a | 23.4%14.2% | 51.3%41.7% |
| 5 Year | n/a | 76.8%54.8% | 119.6%95.2% |
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 St
Need To Know: International General Insurance Holdings Ltd. (NASDAQ:IGIC) Insiders Have Been Buying Shares1 month ago | Simply Wall St
What Is The Ownership Structure Like For International General Insurance Holdings Ltd. (NASDAQ:IGIC)?Valuation
Is International General Insurance Holdings undervalued compared to its fair value and its price relative to the market?
46.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IGIC ($7.88) 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 poor value based on its PE Ratio (46.8x) compared to the US Insurance industry average (14.7x).
PE vs Market: IGIC is poor value based on its PE Ratio (46.8x) compared to the US market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: IGIC is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: IGIC's PB Ratio (0.9x) is in line with the US Insurance industry average.
Next Steps
Future Growth
How is International General Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
28.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGIC's forecast earnings growth (28% per year) is above the savings rate (2%).
Earnings vs Market: IGIC's earnings (28% per year) are forecast to grow faster than the US market (19.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IGIC's revenue (23.2% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: IGIC's revenue (23.2% 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 (10.3%).
Next Steps
Past Performance
How has International General Insurance Holdings performed over the past 5 years?
-8.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGIC has a large one-off loss of $8.7M impacting its September 30 2020 financial results.
Growing Profit Margin: IGIC's current net profit margins (8.2%) are lower than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: IGIC's earnings have declined by 8.2% per year over the past 5 years.
Accelerating Growth: IGIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IGIC had negative earnings growth (-12.7%) over the past year, making it difficult to compare to the Insurance industry average (-9.8%).
Return on Equity
High ROE: IGIC's Return on Equity (6.6%) is considered low.
Next Steps
Financial Health
How is International General Insurance Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: IGIC's short term assets ($689.6M) do not cover its short term liabilities ($742.1M).
Long Term Liabilities: IGIC's short term assets ($689.6M) exceed its long term liabilities ($87.5M).
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.
Balance Sheet
Next Steps
Dividend
What is International General Insurance Holdings's current dividend yield, its reliability and sustainability?
2.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IGIC's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: IGIC's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 high payout ratio (100.9%), IGIC's dividend payments are not 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Wasef Jabsheh (77 yo)
1
Tenure
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 1yr | no data | 30.43% $ 108.9m | |
| President & Director | 1yr | no data | 0.58% $ 2.1m | |
| Group Chief Financial Officer | 6.17yrs | no data | no data | |
| Group Chief Operating Officer | 4.17yrs | no data | 0.52% $ 1.9m | |
| Chief Technology Officer | 2.33yrs | no data | no data | |
| Head of Investor Relations | 1.17yrs | no data | no data | |
| Chief Legal & Compliance Officer and Company Secretary | 7.17yrs | no data | no data | |
| PR & Marketing Manager | no data | no data | no data | |
| Chief Human Resources Officer | 1.08yrs | no data | no data | |
| Senior VP & Group Head of Claims | no data | no data | no data | |
| Senior Vice President of Reinsurance | no data | no data | no data | |
| Senior Vice President of Operations | 3.17yrs | no data | no data |
3.2yrs
Average Tenure
51.5yo
Average Age
Experienced Management: IGIC's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 1yr | no data | 30.43% $ 108.9m | |
| President & Director | 1yr | no data | 0.58% $ 2.1m | |
| Independent Director | 1yr | no data | 3.09% $ 11.1m | |
| Independent Director | 2.67yrs | no data | no data | |
| Director | 1yr | no data | 1.29% $ 4.6m | |
| Independent Director | 8.33yrs | no data | no data | |
| Independent Director | 1yr | no data | no data |
1.0yrs
Average Tenure
59yo
Average Age
Experienced Board: IGIC's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: IGIC only recently listed within the past 12 months.
Top Shareholders
Company Information
International General Insurance Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: International General Insurance Holdings Ltd.
- Ticker: IGIC
- Exchange: NasdaqCM
- Founded: 2001
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$357.959m
- Shares outstanding: 45.43m
- Website: https://www.iginsure.com
Number of Employees
Location
- International General Insurance Holdings Ltd.
- 74 Abdel Hamid Sharaf Street
- PO Box 941428
- Amman
- 11194
- Jordan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IGIC | NasdaqCM (Nasdaq Capital Market) | Yes | Share Capital | US | USD | Mar 2020 |
Biography
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 | 2021/03/03 23:56 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.