(IGIC) International General - Ratings and Ratios
Energy, Property, Construction, Marine, Aviation
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.56% |
| Yield on Cost 5y | 6.10% |
| Yield CAGR 5y | 58.99% |
| Payout Consistency | 87.3% |
| Payout Ratio | 36.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 31.8% |
| Value at Risk 5%th | 49.0% |
| Relative Tail Risk | -6.39% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.07 |
| Alpha | -15.28 |
| CAGR/Max DD | 2.83 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.307 |
| Beta | 0.646 |
| Beta Downside | 0.754 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.56% |
| Mean DD | 4.92% |
| Median DD | 3.55% |
Description: IGIC International General November 16, 2025
International General Insurance Holdings Ltd. (NASDAQ: IGIC) is a Jordan-based specialty insurer and reinsurer that underwrites long-tail and short-tail risks across energy, property, construction, ports, aviation, political violence, professional lines, financial institutions, marine, and treaty reinsurance. The firm operates through three segments-Specialty Long-Tail, Specialty Short-Tail, and Reinsurance-providing tailored coverage to global corporate clients.
Key metrics from the most recent FY 2024 filing show a combined ratio of 92.3% for the Specialty Short-Tail segment, indicating underwriting profitability, while net written premiums grew 11% year-over-year, driven largely by expanding exposure in the Middle East and North Africa (MENA) construction market. The company’s reinsurance segment benefits from a softening global reinsurance pricing environment, but its earnings remain sensitive to interest-rate fluctuations because a sizable portion of its investment portfolio is allocated to fixed-income assets.
Given IGIC’s focus on high-margin specialty lines and its strategic positioning in politically volatile regions, analysts should monitor regional GDP growth, sovereign credit ratings, and the evolution of global reinsurance capacity as primary drivers of future performance; a deeper dive into these factors on ValueRay could uncover additional insight into the stock’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (125.0m TTM) > 0 and > 6% of Revenue (6% = 32.2m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA -0.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 0.57% (prev -27.18%; Δ 27.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 209.5m > Net Income 125.0m (YES >=105%, WARN >=100%) |
| Net Debt (-155.2m) to EBITDA (96.5m) ratio: -1.61 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (44.4m) change vs 12m ago -3.06% (target <= -2.0% for YES) |
| Gross Margin 57.51% (prev 57.50%; Δ 0.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 25.99% (prev 26.19%; Δ -0.20pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| error: Interest Coverage Ratio cannot be calculated (needs EBITDA TTM and Interest Expense TTM) |
Altman Z'' 2.01
| (A) 0.00 = (Total Current Assets 664.9m - Total Current Liabilities 661.9m) / Total Assets 2.12b |
| (B) 0.27 = Retained Earnings (Balance) 582.5m / Total Assets 2.12b |
| (C) 0.10 = EBIT TTM 209.9m / Avg Total Assets 2.07b |
| (D) 0.41 = Book Value of Equity 582.5m / Total Liabilities 1.44b |
| Total Rating: 2.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 88.99
| 1. Piotroski 4.50pt |
| 2. FCF Yield 24.47% |
| 3. FCF Margin 37.78% |
| 4. Debt/Equity 0.01 |
| 5. Debt/Ebitda -1.61 |
| 6. ROIC - WACC (= 23.66)% |
| 7. RoE 18.85% |
| 8. Rev. Trend 70.15% |
| 9. EPS Trend 53.14% |
What is the price of IGIC shares?
Over the past week, the price has changed by +2.82%, over one month by +9.26%, over three months by -1.63% and over the past year by -3.50%.
Is IGIC a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the IGIC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32 | 33% |
| Analysts Target Price | 32 | 33% |
| ValueRay Target Price | 34 | 41.1% |
IGIC Fundamental Data Overview November 21, 2025
P/E Trailing = 8.2817
P/E Forward = 7.7882
P/S = 1.9314
P/B = 1.4793
Beta = 0.185
Revenue TTM = 536.9m USD
EBIT TTM = 209.9m USD
EBITDA TTM = 96.5m USD
Long Term Debt = unknown (none)
Short Term Debt = 2.88m USD (from shortTermDebt, last fiscal year)
Debt = 4.24m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -155.2m USD (from netDebt column, last fiscal year)
Enterprise Value = 829.1m USD (1.02b + Debt 4.24m - CCE 190.7m)
Interest Coverage Ratio = unknown (Ebit TTM 209.9m / Interest Expense TTM 0.0)
FCF Yield = 24.47% (FCF TTM 202.8m / Enterprise Value 829.1m)
FCF Margin = 37.78% (FCF TTM 202.8m / Revenue TTM 536.9m)
Net Margin = 23.29% (Net Income TTM 125.0m / Revenue TTM 536.9m)
Gross Margin = 57.51% ((Revenue TTM 536.9m - Cost of Revenue TTM 228.1m) / Revenue TTM)
Gross Margin QoQ = 48.33% (prev 44.10%)
Tobins Q-Ratio = 0.39 (Enterprise Value 829.1m / Total Assets 2.12b)
Interest Expense / Debt = 174.7% (Interest Expense 7.40m / Debt 4.24m)
Taxrate = -1.21% (negative due to tax credits) (-400.0k / 33.1m)
NOPAT = 212.5m (EBIT 209.9m * (1 - -1.21%)) [negative tax rate / tax credits]
Current Ratio = 1.00 (Total Current Assets 664.9m / Total Current Liabilities 661.9m)
Debt / Equity = 0.01 (Debt 4.24m / totalStockholderEquity, last quarter 686.5m)
Debt / EBITDA = -1.61 (Net Debt -155.2m / EBITDA 96.5m)
Debt / FCF = -0.77 (Net Debt -155.2m / FCF TTM 202.8m)
Total Stockholder Equity = 663.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.89% (Net Income 125.0m / Total Assets 2.12b)
RoE = 18.85% (Net Income TTM 125.0m / Total Stockholder Equity 663.5m)
RoCE = 14.38% (EBIT 209.9m / Capital Employed (Total Assets 2.12b - Current Liab 661.9m))
RoIC = 32.02% (NOPAT 212.5m / Invested Capital 663.5m)
WACC = 8.37% (E(1.02b)/V(1.02b) * Re(8.40%) + (debt cost/tax rate unavailable))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.50%
[DCF Debug] Terminal Value 77.68% ; FCFE base≈199.0m ; Y1≈208.2m ; Y5≈241.6m
Fair Price DCF = 91.78 (DCF Value 3.96b / Shares Outstanding 43.2m; 5y FCF grow 4.90% → 3.0% )
EPS Correlation: 53.14 | EPS CAGR: 35.30% | SUE: 0.09 | # QB: 0
Revenue Correlation: 70.15 | Revenue CAGR: 8.09% | SUE: 2.15 | # QB: 1
Additional Sources for IGIC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle