NasdaqCM:IGIC

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International General Insurance Holdings

Executive Summary

International General Insurance Holdings Ltd. More Details


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

IGICIndustryMarket
7 Day-0.4%-1.3%-3.4%
30 Day-1.1%9.4%0.6%
90 Day5.1%9.0%6.3%
1 Yearn/a9.9%7.0%32.2%29.4%
3 Yearn/a23.4%14.2%51.3%41.7%
5 Yearn/a76.8%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

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

NamePositionTenureCompensationOwnership
Wasef Jabsheh
Founder1yrno data30.43%
$ 108.9m
Waleed Jabsheh
President & Director1yrno data0.58%
$ 2.1m
Pervez Rizvi
Group Chief Financial Officer6.17yrsno datano data
Hatem Jabsheh
Group Chief Operating Officer4.17yrsno data0.52%
$ 1.9m
Nasser Zagha
Chief Technology Officer2.33yrsno datano data
Robin Sidders
Head of Investor Relations1.17yrsno datano data
Rawan Alsulaiman
Chief Legal & Compliance Officer and Company Secretary7.17yrsno datano data
Aaida Jaber
PR & Marketing Managerno datano datano data
Sufian Salman
Chief Human Resources Officer1.08yrsno datano data
Tim Deardon
Senior VP & Group Head of Claimsno datano datano data
Simon Levy
Senior Vice President of Reinsuranceno datano datano data
Michael Farah
Senior Vice President of Operations3.17yrsno datano 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

NamePositionTenureCompensationOwnership
Wasef Jabsheh
Founder1yrno data30.43%
$ 108.9m
Waleed Jabsheh
President & Director1yrno data0.58%
$ 2.1m
Michael Gray
Independent Director1yrno data3.09%
$ 11.1m
David Anthony
Independent Director2.67yrsno datano data
Andrew Poole
Director1yrno data1.29%
$ 4.6m
David King
Independent Director8.33yrsno datano data
Wanda Mwaura
Independent Director1yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGICNasdaqCM (Nasdaq Capital Market)YesShare CapitalUSUSDMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 23:56
End of Day Share Price2021/03/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.