International General Insurance stock weighs Q3 profit decline
Published on 11/10/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit Falls as Underwriting Holds
- Third-quarter net income declined year on year while net premiums earned increased.
- Catastrophe losses linked to the Middle East war weighed on the nine-month result.
- AM Best raised its long-term credit outlook for IGI to positive from stable.
- New platforms in India and cyber reinsurance broaden the group's expansion plans.
International General Insurance Holdings reported a weaker third quarter on November 4, with net income falling to 28 million US dollars from 33.5 million US dollars a year earlier. Reinsurance News said the nine-month profit also declined to 70.5 million US dollars from 94.9 million US dollars.
Premium Mix Shows Resilience
Net premiums earned increased to 124.5 million US dollars in the quarter and 360.7 million US dollars for the first nine months. Gross written premiums fell as lower production in the energy line weighed on the short-tail business.
IGI's third-quarter combined ratio rose to 85.7 percent from 76.5 percent. Catastrophe losses added pressure, with the company linking elevated loss activity in the first nine months mainly to the war in the Middle East.
Credit Outlook Turns Positive
AM Best upgraded the outlook on IGI's long-term issuer credit rating from stable to positive while affirming the group's rating. The rating action provides a counterweight to the earnings pressure and reflects the agency's view of IGI's balance sheet strength, operating performance and risk management.
IGI stock traded at 23.31 US dollars on Nasdaq at 10:00 p.m. CET on Monday, November 9, 2026.
Global Specialty Insurance Platform
IGI writes insurance and reinsurance specialty lines for international markets from offices in Bermuda, Malta, the United Kingdom, Jordan, the United Arab Emirates, Morocco, Norway and Malaysia. The company was formed in Amman, Jordan, and operates as an individual-risk underwriter with a focus on disciplined portfolio management. Its expansion includes a new India platform and a cyber reinsurance venture, adding to its established specialty portfolio.
International General Insurance at a Glance
- Company: International General Insurance Holdings Ltd.
- ISIN: BMG4809J1062
- Ticker: IGIC
- Exchange: Nasdaq
- Share price: 23.31 US dollars on Monday, November 9, 2026, at 10:00 p.m. CET
Broader market context remains tied to the S&P 500.
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