International General Insurance Holdings Ltd. (IGI) has announced its financial results for the third quarter and the first nine months of 2026. The results show a decline in both net income and gross written premiums, indicating challenges faced by the company in the current market environment. Despite these challenges, IGI declared a dividend, reinforcing its commitment to returning capital to shareholders.

Waleed Jabsheh, IGI Group President and CEO, stated, “We delivered strong underwriting profitability in the third quarter demonstrated by a combined ratio of 85.7%, culminating in an annualized core operating return on average equity of 16.9%.” This highlights the company's focus on maintaining profitability even amidst market pressures.

Background

International General Insurance Holdings Ltd. is classified under the SIC code 6399, which encompasses insurance carriers not elsewhere classified. The company trades on the Nasdaq under the ticker symbol IGIC. As an accelerated filer, IGI is subject to specific reporting requirements and has been active in the market with several recent filings, including two 6-K forms on November 3, 2026.

What the Filing Says

The filing reveals that IGI reported a net income of $28.0 million for the third quarter of 2026, down from $33.5 million in the same period last year. For the first nine months, net income was $70.5 million, compared to $94.9 million in 2025. Gross written premiums also saw a decline, with $119.6 million reported for the third quarter, down from $131.3 million in 2025. The company’s combined ratio for the quarter was 85.7%, indicating effective underwriting management despite the challenges faced.

Impact

The results may affect shareholders and investors, as the decline in net income and gross written premiums could signal challenges in the insurance market. The declaration of a dividend, however, may reassure investors about the company's commitment to returning capital. Other insurance carriers within the same SIC category may also feel the impact as they navigate similar market conditions.

What's Next

The filing does not say what happens next.