Added to YB: 2026-05-12
Pitch date: 2026-05-08
IGIC [bullish]
International General Insurance Holdings Ltd.
-0.67%
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 in the United Kingdom, Europe, Central and South America, the Middle East and Africa.
Market Cap
$1.1B
Pitch Price
$25.30
Price Target
31.00 (+22%)
Dividend
N/A
EV/EBITDA
7.12
P/E
9.07
EV/Sales
1.74
Sector
Insurance
Category
value
$IGIC: Insurer with Fortress Balance Sheet Entering Hardening Market
IGIC: Specialty insurer at 8.5x NTM P/E, 1.5x P/TBV. 87% 10yr avg CR, 85.9% in 2025 despite elevated cats. 18.6% ROE w/ ZERO debt, unlevered returns. Grew BV 14% in soft market by cutting unprofitable lines. Returned 85% NI via 5% div yield + buybacks (5M shares authorized). Middle East war repricing PV line at '1000s of %' rate increases, EUR3-4B industry losses vs $1.5B mkt premium. 25%+ upside to $31 PT on 1.6x P/TBV (vs 1.5x now), mid-teens TBVPS CAGR
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