Overview Dividends

(IGIC) International General - Ratings and Ratios

Exchange: NASDAQ • Country: Jordan • Currency: USD • Type: Common Stock • ISIN: BMG4809J1062

Commercial,P&C,Reinsurance,Liability

IGIC EPS (Earnings per Share)

EPS Growth (3Y CAGR): -45.25%
EPS Trend (3Y Correlation): -27.2%

IGIC Revenue

Revenue Growth (3Y CAGR): 15.10%
Revenue Trend (3Y Correlation): 69.1%

Description: IGIC International General August 21, 2025

International General Insurance Holdings Ltd (NASDAQ:IGIC) is a property and casualty insurance company originating from Jordan. The companys stock performance is characterized by its relatively stable price movements, as indicated by its low beta of 0.274, suggesting a lower volatility compared to the overall market.

The insurance industry is heavily influenced by economic drivers such as GDP growth, interest rates, and regulatory changes. Key Performance Indicators (KPIs) for property and casualty insurers like IGIC include loss ratio, expense ratio, and combined ratio, which measure the companys underwriting profitability. A lower combined ratio indicates better profitability.

IGICs market capitalization stands at approximately $1.028 billion, with a price-to-earnings (P/E) ratio of 8.43, suggesting the stock might be undervalued relative to its earnings. The forward P/E ratio is slightly higher at 8.94, indicating expected growth in earnings. The companys Return on Equity (RoE) of 19.24% is a strong indicator of its ability to generate profits from shareholders equity.

To further evaluate IGICs performance, its essential to analyze its underwriting results, investment income, and operating expenses. A detailed examination of its loss ratio and expense ratio would provide insights into the companys operational efficiency and pricing power. Additionally, the impact of macroeconomic factors, such as changes in interest rates and currency fluctuations, on IGICs investment portfolio and overall profitability should be considered.

IGIC Stock Overview

Market Cap in USD	918m
Sub-Industry	Property & Casualty Insurance
IPO / Inception	2020-03-18

IGIC Stock Ratings

Growth Rating	50.7%
Fundamental	58.3%
Dividend Rating	60.0%
Return 12m vs S&P 500	-11.2%
Analyst Rating	5.0 of 5

IGIC Dividends

Dividend Yield 12m	1.68%
Yield on Cost 5y	6.42%
Annual Growth 5y	58.99%
Payout Consistency	87.3%
Payout Ratio	53.0%

IGIC Growth Ratios

Growth Correlation 3m	-90.2%
Growth Correlation 12m	-25.8%
Growth Correlation 5y	88.6%
CAGR 5y	51.11%
CAGR/Max DD 3y (Calmar Ratio)	2.61
CAGR/Mean DD 3y (Pain Ratio)	10.80
Sharpe Ratio 12m	-0.12
Alpha	0.29
Beta	0.262
Volatility	44.48%
Current Volume	124.2k
Average Volume 20d	69.7k
Stop Loss	21.6 (-3.1%)
Signal	-0.44

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (126.0m TTM) > 0 and > 6% of Revenue (6% = 32.9m TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA -2.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 0.56% (prev -17.93%; Δ 18.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 209.5m > Net Income 126.0m (YES >=105%, WARN >=100%)

Net Debt (-164.8m) to EBITDA (99.0m) ratio: -1.67 <= 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 0.91% (target <= -2.0% for YES)

Gross Margin 84.86% (prev 71.35%; Δ 13.51pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 29.09% (prev 29.40%; Δ -0.31pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.28 (EBITDA TTM 99.0m / Interest Expense TTM -97.7m) >= 6 (WARN >= 3)

Altman Z'' 1.35

(A) 0.00 = (Total Current Assets 664.9m - Total Current Liabilities 661.9m) / Total Assets 2.12b

(B) 0.26 = Retained Earnings (Balance) 551.2m / Total Assets 2.12b

(D) 0.38 = Book Value of Equity 552.5m / Total Liabilities 1.46b

Total Rating: 1.35 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 58.32

1. Piotroski 4.0pt = -1.0

2. FCF Yield -67.12% = -5.0

3. FCF Margin 36.95% = 7.50

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -1.67 = 2.50

6. ROIC - WACC (= -2.88)% = -3.60

7. RoE 19.24% = 1.60

8. Rev. Trend 69.12% = 5.18

9. EPS Trend -27.24% = -1.36

What is the price of IGIC shares?

As of November 07, 2025, the stock is trading at USD 22.30 with a total of 124,223 shares traded.
Over the past week, the price has changed by +1.32%, over one month by -4.66%, over three months by -8.11% and over the past year by +1.91%.

Is International General a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, International General is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 58.32 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of IGIC is around 26.87 USD . This means that IGIC is currently undervalued and has a potential upside of +20.49% (Margin of Safety).

Is IGIC a buy, sell or hold?

International General has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy IGIC.

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	43.5%
Analysts Target Price	32	43.5%
ValueRay Target Price	29.5	32.5%

IGIC Fundamental Data Overview November 03, 2025

Market Cap USD = 918.1m (918.1m USD * 1.0 USD.USD)
P/E Trailing = 7.6344
P/E Forward = 7.5188
P/S = 1.7157
P/B = 1.5261
Beta = 0.262
Revenue TTM = 548.9m USD
EBIT TTM = 27.1m USD
EBITDA TTM = 99.0m 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 = -164.8m USD (from netDebt column, last quarter)
Enterprise Value = -302.2m USD (918.1m + Debt 4.24m - CCE 1.22b)
Interest Coverage Ratio = -0.28 (Ebit TTM 27.1m / Interest Expense TTM -97.7m)
FCF Yield = -67.12% (FCF TTM 202.8m / Enterprise Value -302.2m)
FCF Margin = 36.95% (FCF TTM 202.8m / Revenue TTM 548.9m)
Net Margin = 22.96% (Net Income TTM 126.0m / Revenue TTM 548.9m)
Gross Margin = 84.86% ((Revenue TTM 548.9m - Cost of Revenue TTM 83.1m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 37.67%)
Tobins Q-Ratio = -0.14 (set to none) (Enterprise Value -302.2m / Total Assets 2.12b)
Interest Expense / Debt = 174.7% (Interest Expense 7.40m / Debt 4.24m)
Taxrate = 1.73% (600.0k / 34.7m)
NOPAT = 26.6m (EBIT 27.1m * (1 - 1.73%))
Current Ratio = 1.00 (Total Current Assets 664.9m / Total Current Liabilities 661.9m)
Debt / Equity = 0.01 (Debt 4.24m / totalStockholderEquity, last quarter 662.3m)
Debt / EBITDA = -1.67 (Net Debt -164.8m / EBITDA 99.0m)
Debt / FCF = -0.81 (Net Debt -164.8m / FCF TTM 202.8m)
Total Stockholder Equity = 654.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.93% (Net Income 126.0m / Total Assets 2.12b)
RoE = 19.24% (Net Income TTM 126.0m / Total Stockholder Equity 654.8m)
RoCE = 1.85% (EBIT 27.1m / Capital Employed (Total Assets 2.12b - Current Liab 661.9m))
RoIC = 4.07% (NOPAT 26.6m / Invested Capital 654.8m)
WACC = 6.95% (E(918.1m)/V(922.3m) * Re(6.98%) + (debt cost/tax rate unavailable))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 1.50%
[DCF Debug] Terminal Value 78.93% ; FCFE base≈199.0m ; Y1≈208.2m ; Y5≈241.6m
Fair Price DCF = 98.34 (DCF Value 4.24b / Shares Outstanding 43.1m; 5y FCF grow 4.90% → 3.0% )
EPS Correlation: -27.24 | EPS CAGR: -45.25% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.12 | Revenue CAGR: 15.10% | SUE: -0.14 | # QB: 0

Additional Sources for IGIC Stock

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Fund Manager Positions: Dataroma | Stockcircle