Fourth-quarter results reflected a combined ratio of 82% , which included 18.1 points of accident-year catastrophe losses and 5.2 points of favorable reserve development. Management compared that to the prior-year quarter combined ratio of 77.8% , which included 6 points of accident-year catastrophe losses and 2.3 points of favorable reserve development. Management also noted the prior-year quarter benefited from about 18.3 points of foreign currency revaluation.For 2025, management reported more than $161 ...

Naturgy warns $13 billion in Russian LNG purchase commitments may be hit by EU ban | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of Spanish energy company "Naturgy" is seen in its headquarters in Madrid, Spain, April 16, 2024. REUTERS/Susana Vera [Purchase Licensing Rights, opens new tab]- Companies[Naturgy Energy Group SA]FollowMADRID, Feb 25 (Reuters) - Spain's Naturgy has 10.95 billion euros ($13 billion) in Russian l ...

International General Insurance (NasdaqCM:IGIC) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Company ParticipantsRobin Sidders - Head of Investor RelationsWaleed Jabsheh - President and CEOWasef Jabsheh - Executive ChairmanConference Call ParticipantsMichael Phillips - Md and Senior AnalystRoland Meyer - Research AnalystOperatorGood day, welcome to the International General Insurance Holdings fourth quarter and full year 2025 financial results conference call. All participants are in a listen-only mo ...

International General Insurance (NasdaqCM:IGIC) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Speaker0Good day, welcome to the International General Insurance Holdings fourth quarter and full year 2025 financial results conference call. All participants are in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the Star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press Star, then ...

Forward Looking Statements IGI Investor Presentation Fourth Quarter 2025 February 2026 This presentation contains "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as "ability," "aim," "impact," "seek," "stra ...

International General Insurance Holdings Ltd. (IGI), a specialist commercial insurer and reinsurer, has generated a net income of $32.3 million, an increase of 7.7% for the fourth quarter of 2025, compared to $30 million in Q4’24, driven by continued positive underwriting results and investment income.Net income for the full year 2025 (FY’25) was $127.2 million compared to $135.2 million in FY’24.IGI’s combined ratio rose to 82% and 85.9% for Q4’25 and FY’25, respectively, compared to 77.8% and 79.9% for th ...

Core Viewpoint - International General Insurance Holdings Ltd. (IGIC) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2025, which could significantly influence its stock price depending on the actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on February 24, with a consensus estimate of $0.72 per share, reflecting a year-over-year decrease of 19.1%. Revenues are projected to be $138.2 million, representing a 2.2% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that the Most Accurate Estimate for IGIC is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%. This suggests a lack of recent differing analyst views [11]. Historical Performance - In the last reported quarter, IGIC was expected to post earnings of $0.91 per share but actually reported $0.87, resulting in a surprise of -4.40%. Over the past four quarters, the company has only beaten consensus EPS estimates once [13][14]. Investment Considerations - While IGIC does not appear to be a strong candidate for an earnings beat, investors are advised to consider other factors that may influence stock performance ahead of the earnings release [17].

Summary of International General Insurance Holdings (IGIC) FY Conference Company Overview - **Company Name**: International General Insurance Holdings (IGIC) - **Ticker Symbol**: IGIC (NASDAQ) - **Founded**: 2002 in Jordan - **Current CEO**: Waleed Jabsheh, with the company since its inception - **Capital Growth**: Initial capital of $25 million has grown to approximately $700 million [4][5] Business Model and Strategy - **Specialization**: IGIC is a specialist insurance and reinsurance company, initially focused on a few lines of business, now expanded to nearly 25 different lines [3][11] - **Global Presence**: Operates eight offices worldwide, including locations in Asia, the Middle East, Africa, Europe, and Bermuda [3][4] - **Employee Growth**: From a handful of employees to approximately 470-480 [4] Market Dynamics - **Cyclical Nature**: The insurance industry is cyclical, with rates fluctuating based on supply and demand. Currently, IGIC is positioned in the middle of the cycle [5][9] - **Competition**: Increased competition has led to pricing pressures, with a tendency for companies to lower prices during profitable periods, which can lead to inadequate pricing and subsequent losses [6][9] Risk Management and Discipline - **Focus on Discipline**: Emphasizes the importance of maintaining discipline in underwriting and risk management, avoiding overextension during profitable times [10][15] - **Diversified Portfolio**: Maintains a diversified portfolio across three segments: reinsurance, short tail, and long tail, allowing for better management of market cycles [11][13] - **Risk Appetite**: Clearly defined risk tolerances and appetite, avoiding markets and lines of business that do not align with their expertise, such as U.S. liability business [16][15] Financial Performance - **Long-term Focus**: IGIC does not provide quarterly guidance, instead focusing on long-term value creation, aiming for a combined ratio in the mid-to-high 80s and a return on equity in the low-to-mid teens over a 10-year cycle [26][27] - **Recent Performance**: Achieved combined ratios in the mid to high 70s and ROEs in the low to mid 20s in recent years, outperforming the industry average [27][30] Investment Philosophy - **Conservative Approach**: Investment strategy is conservative, focusing on fixed income and avoiding high-risk investments. Equities represent less than 2% of the overall portfolio [32][34] - **Share Buybacks**: Announced a buyback program in 2022, having repurchased 7.5 million shares, with a new authorization for an additional 5 million shares [34][35] Conclusion - **Value Creation**: The ultimate goal is to deliver and grow value without sacrificing the bottom line for top-line growth. The company has built a strong track record as a public entity over the past five years [27][35]

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Financial Data and Key Metrics Changes - The company reported net income of $33.5 million for Q3 2025 and $94.9 million for the first nine months, resulting in an annualized return on average equity of 20% for Q3 and 19% for the first nine months [5][24] - Book value per share grew by almost 10% to $16.23 in the first nine months of 2025, with total equity reaching just under $690 million [6][24] - The combined ratio for Q3 was 76.5%, significantly improved from 86% in Q3 of the previous year, while the combined ratio for the first nine months was just over 87% compared to 80.5% for the same period in 2024 [12][13] Business Line Data and Key Metrics Changes - Gross premiums written in Q3 were just over $131 million, a decrease of about 5%, while for the first nine months, gross premiums were up marginally to just over $525 million [10][11] - The short-tail segment saw gross premiums up 2% in Q3 but down 2.7% for the first nine months, with net premiums earned down about 10.4% and 8.1% for Q3 and the first nine months, respectively [17] - The reinsurance segment generated gross premiums of just under $98 million for the first nine months, reflecting almost 25% growth compared to the same period in 2024, with underwriting income up 35% for Q3 [19][20] Market Data and Key Metrics Changes - The company noted increasing competitive pressures across the market, particularly in the long-tail segment, which has seen declining rates and margins [20][32] - The U.S. market remains a significant focus, with opportunities for new business in specialty treaty and short-tail portfolios despite competitive pressures [33][34] - The company is optimistic about the potential for improvement in the long-tail segment by 2026 and 2027, although current conditions remain challenging [32][34] Company Strategy and Development Direction - The company emphasizes disciplined underwriting and capital management to generate high-quality returns, focusing on areas with the best risk-adjusted returns [5][25] - A new $5 million common share repurchase authorization was approved, indicating a commitment to returning value to shareholders [9][23] - The company is expanding its presence in specialty treaty business and enhancing distribution capabilities to drive additional margin [30][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the elevated level of competitive pressure but characterized it as orderly and disciplined, with confidence in finding growth opportunities [25][27] - The recent S&P upgrade to an A rating is expected to open new business opportunities and enhance the company's market position [9][27] - Management remains focused on intelligent risk selection and will not sacrifice profitability for top-line growth, emphasizing the importance of cycle management [34][35] Other Important Information - The company returned a total of about $98 million to shareholders in share repurchases and dividends in the first nine months of 2025 [24] - Total assets increased by just over 4% to $2.12 billion, with total investments and cash at $1.32 billion [22] Q&A Session Summary Question: Comments on market conditions and long-tail business - Management indicated that while competitive pressures are increasing, they are not currently considering walking away from other accounts outside of the specific non-renewed account mentioned [38][39] Question: Outlook for the reinsurance segment - Management noted that while Q1 has historically been strong, they anticipate more pressure on the top line for the reinsurance book as the market generates excess capital [40][41] Question: Perspectives on large account property in the U.S. - Management does not believe that large account property has bottomed out and expects continued pressure in that area [44]