Added to YB: 2024-10-24
Pitch date: 2024-10-24
IGIC [bullish]
International General Insurance Holdings Ltd.
+20.36%
current return
Author Info
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Company Info
International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide.
Market Cap
$1.0B
Pitch Price
$20.19
Price Target
N/A
Dividend
4.38%
EV/EBITDA
6.43
P/E
8.52
EV/Sales
1.57
Sector
Insurance
Category
growth
IGIC Set to Capitalize on High Interest Rates and E&S Market Growth
IGIC: Specialty insurer at 6x PE, benefiting from higher rates. Clean balance sheet allows debt introduction. Q3 EPS est. $0.64. E&S lines (55% of US biz) poised for growth, historically 85% CR. High ROE opportunities, buybacks, special dividends. Short duration assets boost investment income if rates stay high.
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