International General Insurance Holdings

IGIC · NASDAQ

$24.74−$0.33 (−1.32%)TodayMarket closed · Oct 23, 4:37 PM ET

Prev close $25.07

IGIC analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $23.51 (−5.0% downside)

Low: $7.22
Now: $24.74
High: $33.60

Upgrades and downgrades

The latest rating actions, newest first

IGIC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Jul 13, 2026	Maintains	Outperform	$28.00 → $30.00	52%
RBC Capital	Dec 16, 2025	Initiates	Outperform	$28.00	52%

The case for and against

Updated May 8, 2025

Bull case

International General Insurance Holdings Ltd demonstrated a positive financial trajectory, with a 1.0% increase in book value per share, bringing it to $14.85 at the end of Q4. The company reported a robust 5.9% year-over-year growth in gross written premiums, reaching $174.6 million, primarily driven by the reinsurance segment, which saw its premiums double in 2023 and grow by 30% year-to-date. Additionally, despite a slight increase in the expense ratio, the overall premium growth across multiple operational segments indicates a strong demand for their specialized insurance offerings.

Bear case

The analysis indicates a negative outlook on International General Insurance Holdings Ltd due to a significant decline in Long-Tail Gross Written Premiums (GWP), which decreased by 1.5% year-over-year, highlighting ongoing selectivity in longer-tail lines. Furthermore, despite strong growth in Reinsurance and short-tail segments, the company’s overall growth rate is projected to slow in 2024, attributed to diminished pricing power and heightened competition across various markets. The historical performance, characterized by inconsistent return on equity (ROE) and periods of margin underperformance, raises concerns about the sustainability of profitability moving forward.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.