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IGIC

International General Insurance HoldingsNasdaqCM:IGIC Stock Report

Last Price

US$7.90

Market Cap

US$386.2m

7D

0%

1Y

-1.0%

Updated

22 Jan, 2022

Data

Company Financials +
IGIC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends2/6

IGIC Stock Overview

International General Insurance Holdings Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for International General Insurance Holdings
Historical stock prices
Current Share PriceUS$7.90
52 Week HighUS$11.05
52 Week LowUS$6.75
Beta0.36
1 Month Change2.07%
3 Month Change-7.06%
1 Year Change-1.00%
3 Year Change-20.44%
5 Year Changen/a
Change since IPO-17.45%

Recent News & Updates

Aug 16
International General Insurance Holdings (NASDAQ:IGIC) Is Increasing Its Dividend To US$0.16

International General Insurance Holdings (NASDAQ:IGIC) Is Increasing Its Dividend To US$0.16

The board of International General Insurance Holdings Ltd. ( NASDAQ:IGIC ) has announced that it will be increasing its...

Jun 10
Here's Why I Think International General Insurance Holdings (NASDAQ:IGIC) Might Deserve Your Attention Today

Here's Why I Think International General Insurance Holdings (NASDAQ:IGIC) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

IGICUS InsuranceUS Market
7D0%-4.0%-6.1%
1Y-1.0%19.4%4.2%

Return vs Industry: IGIC underperformed the US Insurance industry which returned 19.4% over the past year.

Return vs Market: IGIC underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is IGIC's price volatile compared to industry and market?
IGIC volatility
IGIC Average Weekly Movement3.3%
Insurance Industry Average Movement4.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: IGIC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: IGIC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001252Wasef Jabshehhttps://www.iginsure.com

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 Reinsurance segments.

International General Insurance Holdings Fundamentals Summary

How do International General Insurance Holdings's earnings and revenue compare to its market cap?
IGIC fundamental statistics
Market CapUS$386.19m
Earnings (TTM)US$43.32m
Revenue (TTM)US$368.46m

8.9x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGIC income statement (TTM)
RevenueUS$368.46m
Cost of RevenueUS$259.02m
Gross ProfitUS$109.45m
ExpensesUS$66.13m
EarningsUS$43.32m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.89
Gross Margin29.70%
Net Profit Margin11.76%
Debt/Equity Ratio0.0%

How did IGIC perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is International General Insurance Holdings undervalued compared to its fair value and its price relative to the market?

8.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IGIC ($7.9) is trading above our estimate of fair value ($6.58)

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 (8.9x) compared to the US Insurance industry average (10.9x).

PE vs Market: IGIC is good value based on its PE Ratio (8.9x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: IGIC is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: IGIC is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).


Future Growth

How is International General Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGIC's forecast earnings growth (7.8% per year) is above the savings rate (2%).

Earnings vs Market: IGIC's earnings (7.8% per year) are forecast to grow slower than the US market (12.9% per year).

High Growth Earnings: IGIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: IGIC's revenue (18.2% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: IGIC's revenue (18.2% per year) is forecast to grow slower 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 (11.6%).


Past Performance

How has International General Insurance Holdings performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGIC has high quality earnings.

Growing Profit Margin: IGIC's current net profit margins (11.8%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: IGIC's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: IGIC's earnings growth over the past year (61.2%) exceeds its 5-year average (11.9% per year).

Earnings vs Industry: IGIC earnings growth over the past year (61.2%) exceeded the Insurance industry 38.1%.


Return on Equity

High ROE: IGIC's Return on Equity (11.8%) is considered low.


Financial Health

How is International General Insurance Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: IGIC's short term assets ($628.5M) do not cover its short term liabilities ($892.3M).

Long Term Liabilities: IGIC's short term assets ($628.5M) exceed its long term liabilities ($105.0M).


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


Dividend

What is International General Insurance Holdings's current dividend yield, its reliability and sustainability?

3.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IGIC's dividend (3.29%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: IGIC's dividend (3.29%) is low compared to the top 25% of dividend payers in the US market (3.61%).


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 reasonably low payout ratio (25.2%), 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Wasef Jabsheh (78 yo)

21yrs

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

Experienced Management: IGIC's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: IGIC's board of directors are not considered experienced ( 1.8 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: IGIC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.


Top Shareholders

Company Information

International General Insurance Holdings Ltd.'s 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
  • Implied Market Cap: US$386.195m
  • Shares outstanding: 48.89m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:18
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.