IGI doubles quarterly dividend to $0.05 per share

HAMILTON, Bermuda - International General Insurance Holdings Ltd. (NASDAQ: IGIC), known as IGI, has announced a significant increase in its quarterly dividend, doubling the payout to shareholders. The company’s Board of Directors has approved an increase in the quarterly ordinary common share dividend from $0.025 to $0.05 per share. According to InvestingPro data, IGI has maintained dividend payments for 6 consecutive years, with the current dividend yield standing at 4.07%. The company’s market capitalization is approximately $1.07 billion, with a strong one-year return of nearly 70%.

Shareholders of record at the close of business on June 2, 2025, will be eligible for the first dividend at the new rate, which is scheduled to be distributed on June 18, 2025. This move represents a 100% hike in the dividend rate, reflecting a positive shift in the company’s capital allocation strategy.

IGI is a global provider of specialty insurance and reinsurance products, covering a broad range of sectors including energy, property, aviation, engineering, and marine, among others. The company operates out of several international hubs including Bermuda, London, Malta, Dubai, and others, with a commitment to delivering high levels of service to clients and brokers. Both AM Best and S&P Global Ratings have recognized IGI’s financial strength with A (Excellent) and A- (Strong) ratings, respectively.

While the dividend increase is a sign of IGI’s financial health and commitment to shareholder returns, with a P/E ratio of 8.7 and strong return on equity of 20%, the company’s press release also includes forward-looking statements that indicate potential risks and uncertainties. For deeper insights into IGI’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert research reports. These statements suggest that future events may differ from current expectations due to various factors, many of which are beyond the company’s control, such as market demand, global economic conditions, and legal or regulatory changes.

Investors should be aware that forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected. These may include global economic shifts, changes in demand for IGI’s services, competitive pressures, and the potential impact of ongoing geopolitical tensions.

This dividend announcement is based on a press release statement from IGI and does not imply any endorsement of the company’s future performance or market position. It is important for investors to consider the broader industry context and potential risks outlined by the company when making investment decisions.

In other recent news, International General Insurance Holdings Ltd. reported record net income of $135.2 million for Q4 2024, marking a 15% increase from the previous year. Despite a slight miss on earnings per share expectations, the company demonstrated strong financial health with a 1.9% growth in gross premiums and a combined ratio improvement to 79.9%. In addition, IGI announced a special cash dividend of $0.85 per share, adding to its regular quarterly dividend, resulting in a total dividend distribution of $0.875 per share. The dividend is set to be paid to shareholders of record as of April 4, 2025.

The company’s strategic expansion into the U.S. and European markets contributed to its robust performance, and future earnings per share are projected at $0.69 for Q1 2025. Analysts have noted IGI’s disciplined underwriting and strategic market expansion as key factors in its continued success. The company remains cautiously optimistic about growth opportunities, particularly in the U.S. and European markets, while also anticipating manageable losses from recent California wildfires.

Overall, IGI’s recent developments reflect a focus on profitability and strategic growth amidst competitive pressures in the insurance industry.

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