Added to YB: 2024-07-22
Pitch date: 2024-07-18
IGIC [bullish]
International General Insurance Holdings Ltd.
+62.67%
current return
Author Info
@blondesnmoney (aka cluseau) shares the stocks they are buying on Twitter and their newsletter. Sign up for the newsletter.
Company Info
International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide.
Market Cap
$1.0B
Pitch Price
$14.94
Price Target
21.00 (-14%)
Dividend
4.38%
EV/EBITDA
6.43
P/E
8.52
EV/Sales
1.57
Sector
Insurance
Category
value
In a World Full of 50's, A Beautiful 5- $IGIC, You Decide
IGIC: Specialty insurer at 5.2x P/E, 1.15x TBV. 86.4% 10yr avg combined ratio, 14.5% ROE. Clean balance sheet, no debt. Rapid US growth (89M GWP in 2023 vs 2M in 2017). Mgmt owns 33.6%, focused on buybacks. Conservative reserves, consistent positive adjustments. Trades at discount vs peers due to low float, SPAC origins. 24M unrealized bond losses to recover. 21 PT.
Read full article (26 min)