Added to YB: 2025-02-07
Pitch date: 2025-02-06
IGIC [bullish]
International General Insurance Holdings Ltd.
+7.69%
current return
Author Info
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
$24.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.12
P/E
9.07
EV/Sales
1.74
Sector
Insurance
Category
value
International General Insurance Holdings Ltd. - $IGIC
IGIC: Niche P&C insurer, 200 countries, 41.4% insider ownership. 13% GWP CAGR since 2020, 17% unlevered ROE, 82% avg CR (86% 10yr). Conservative balance sheet, $1.3B A-rated portfolio. Trades at 1.7x BV, potential 1.5-2.5x. Risks: market softening, claim severity. 5-10% BV growth expected. CEO emphasizes profitability over top-line growth.
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