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MarketBeat
Wed, May 6, 2026 astatine 11:41 AM CDT 8 min read
Key Points
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Strong Q1 underwriting results: Underwriting income roseate 35.1% to $37.7 cardinal with a combined ratio of 89.1% (5.3 points betterment year‑over‑year), contempt astir $15 million of nett losses tied to the Middle East struggle and a 4.5% diminution successful gross written premiums from rhythm absorption and non‑renewals.
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Segment dynamics and marketplace opportunity: The Long‑tail concern was a agleam spot (top enactment up 22% and underwriting income up astir $25 million), portion Reinsurance is progressively competitive; IGI sees ample complaint increases and constrained capableness successful governmental violence/war markets, creating selective maturation opportunities.
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Capital spot and shareholder returns: Total assets were $2.1 cardinal with $1.3 cardinal successful investments and currency (fixed‑income output ~4.3%), and absorption returned astir $65 million to shareholders successful the 4th via $51.5 cardinal of dividends (including a $1.15 special) and stock repurchases.
International General Insurance (NASDAQ:IGIC) executives highlighted what they described arsenic a beardown commencement to 2026, pointing to improved underwriting profitability contempt heightened planetary uncertainty and losses tied to the ongoing Middle East conflict.
“As you saw from our Q1 fiscal results that we issued past night, we are disconnected to a beardown commencement successful 2026,” Executive Chairman Wasef Jabsheh said, adding that the quarter’s show underscored “the worth of consistency and subject successful executing our strategy.” He noted the war’s broader economical and insurance-market implications, saying the institution was already proceeding insured marketplace nonaccomplishment estimates “out upwards of the $3 cardinal mark.”
Quarterly show and cardinal metrics
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President and CEO Waleed Jabsheh said first-quarter results demonstrated “resilience and besides stability” amid “increasing competitory pressures and heightened planetary uncertainty.” Gross written premiums were $197.2 million, a 4.5% diminution from the prior-year quarter, which absorption attributed to “cycle absorption actions” and the non-renewal of 2 reinsurance programs—one by IGI’s determination and 1 aft the cedent opted to clasp the risk.
Underwriting income accrued 35.1% year-over-year to $37.7 million, producing a combined ratio of 89.1%, which absorption said was 5.3 points amended than the archetypal 4th of 2025 and “in enactment with our semipermanent averages.” Waleed Jabsheh said the combined ratio included astir $15 cardinal of nett losses related to the Middle East conflict.
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