Earnings ·
Reports Q3 net income of $28.0 million and combined ratio of 85.7%
IGICInternational General Insurance Holdings Ltd.
International General Insurance Holdings Ltd. reported third-quarter 2026 net income of $28.0 million, a 16.4% decline from the prior year period, driven by higher net losses primarily in the short-tail segment and catastrophe losses related to conflicts in the Middle East. The company's combined ratio improved to 85.7%, benefiting from 7.1 percentage points of favorable prior years' reserve development that partially offset 6.9 percentage points of catastrophe losses. Gross written premiums for the quarter were $131.3 million, while underwriting income stood at $43.0 million. For the first nine months of 2026, net income was $70.5 million and gross written premiums reached $518.5 million. The company operates as a Bermuda-domiciled international specialist insurance and reinsurance group.