
IGIC Stock Forecast & Price Target
IGIC Analyst Ratings
Bulls say
International General Insurance Holdings Ltd demonstrated a positive financial trajectory, with a 1.0% increase in book value per share, bringing it to $14.85 at the end of Q4. The company reported a robust 5.9% year-over-year growth in gross written premiums, reaching $174.6 million, primarily driven by the reinsurance segment, which saw its premiums double in 2023 and grow by 30% year-to-date. Additionally, despite a slight increase in the expense ratio, the overall premium growth across multiple operational segments indicates a strong demand for their specialized insurance offerings.
Bears say
The analysis indicates a negative outlook on International General Insurance Holdings Ltd due to a significant decline in Long-Tail Gross Written Premiums (GWP), which decreased by 1.5% year-over-year, highlighting ongoing selectivity in longer-tail lines. Furthermore, despite strong growth in Reinsurance and short-tail segments, the company’s overall growth rate is projected to slow in 2024, attributed to diminished pricing power and heightened competition across various markets. The historical performance, characterized by inconsistent return on equity (ROE) and periods of margin underperformance, raises concerns about the sustainability of profitability moving forward.
This aggregate rating is based on analysts' research of International General Insuranc Hldgs Ltd and is not a guaranteed prediction by Public.com or investment advice.
IGIC Analyst Forecast & Price Prediction
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