(IGIC) International General - Overview

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

Stock: Insurance, Reinsurance, Energy, Property, Marine

Total Rating 40

Risk 76

Buy Signal -0.01

Insurance - Diversified » Property & Casualty Insurance
Age: 5.9y

Market Cap: 1,080m
Avg Trading Vol: 1.42M USD

ATR: 2.22%
Peers RS (IBD): 43.40

EPS (Earnings per Share)

EPS CAGR: -43.55%
EPS Trend: -5.2%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 8.09%
Rev. Trend: 70.5%

Last SUE: 2.15
Qual. Beats: 1

Dividends

Dividend Yield	4.39%
Yield on Cost 5y	6.32%
Yield CAGR 5y	31.94%
Payout Consistency	89.6%
Payout Ratio	48.5%

Risk 5d forecast
Volatility	29.9%
Relative Tail Risk	-6.92%

Reward TTM
Sharpe Ratio	0.10
Alpha	-4.67

Character TTM
Beta	0.601
Beta Downside	0.696

Drawdowns 3y
Max DD	19.56%
CAGR/Max DD	2.80

Description: IGIC International General January 19, 2026

International General Insurance Holdings Ltd. (NASDAQ: IGIC) is a Jordan-based insurer that offers specialty insurance and reinsurance worldwide through three business lines – Specialty Long-tail, Specialty Short-tail, and Reinsurance – covering sectors such as energy, construction, ports, general aviation, political violence, and marine.

As of its most recent filing, IGIC reported net written premiums of roughly $150 million for FY 2023, a year-over-year increase of about 8 %, while its combined ratio hovered near 95 %, indicating modest underwriting profitability. The company’s growth is closely tied to two macro drivers: (1) expanding infrastructure investment in the Middle East and Africa, which fuels demand for complex property-and-casualty coverage, and (2) a tightening global reinsurance market that creates pricing opportunities for niche players with diversified risk appetites.

For a deeper, data-driven look at IGIC’s valuation dynamics, you may find the analytics on ValueRay worth a quick glance.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 125.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.06 > 1.0
NWC/Revenue: 0.57% < 20% (prev -27.18%; Δ 27.76% < -1%)
CFO/TA 0.10 > 3% & CFO 209.5m > Net Income 125.0m
Net Debt (-155.2m) to EBITDA (96.5m): -1.61 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (44.4m) vs 12m ago -3.06% < -2%
Gross Margin: 57.51% > 18% (prev 0.58%; Δ 5693 % > 0.5%)
Asset Turnover: 25.99% > 50% (prev 26.19%; Δ -0.20% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct 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 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)
Altman-Z'' Score: 2.01 = BBB

What is the price of IGIC shares?

As of February 06, 2026, the stock is trading at USD 25.58 with a total of 61,100 shares traded.
Over the past week, the price has changed by +1.31%, over one month by +2.40%, over three months by +14.12% and over the past year by +2.38%.

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.

StrongBuy: 1
Buy: 0
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the IGIC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	30	17.3%
Analysts Target Price	30	17.3%
ValueRay Target Price	36	40.7%

IGIC Fundamental Data Overview February 05, 2026

P/E Trailing = 8.8063
P/E Forward = 8.3056
P/S = 2.0538
P/B = 1.573
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 = 893.4m USD (1.08b + Debt 4.24m - CCE 190.7m)
Interest Coverage Ratio = unknown (Ebit TTM 209.9m / Interest Expense TTM 0.0)
EV/FCF = 4.40x (Enterprise Value 893.4m / FCF TTM 202.8m)
FCF Yield = 22.70% (FCF TTM 202.8m / Enterprise Value 893.4m)
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 = 0.42 (Enterprise Value 893.4m / Total Assets 2.12b)
Interest Expense / Debt = 174.7% (Interest Expense 7.40m / Debt 4.24m)
Taxrate = 21.0% (US default 21%)
NOPAT = 165.8m (EBIT 209.9m * (1 - 21.00%))
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 = 6.05% (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 = 25.00% (NOPAT 165.8m / Invested Capital 663.5m)
WACC = 8.10% (E(1.08b)/V(1.08b) * Re(8.13%) + (debt cost/tax rate unavailable))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.50%
[DCF Debug] Terminal Value 78.39% ; FCFF base≈199.0m ; Y1≈208.1m ; Y5≈241.0m
Fair Price DCF = 99.08 (EV 4.12b - Net Debt -155.2m = Equity 4.28b / Shares 43.2m; r=8.10% [WACC]; 5y FCF grow 4.90% → 2.90% )
EPS Correlation: -5.18 | EPS CAGR: -43.55% | SUE: -4.0 | # QB: 0
Revenue Correlation: 70.55 | Revenue CAGR: 8.09% | SUE: 2.15 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.69 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.01 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+19.9% | Growth Revenue=+5.7%

Additional Sources for IGIC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle