International General Insurance Holdings Ltd. (NASDAQ: IGIC) filed its full‑year 2025 Annual Report on Form 20‑F with the U.S. Securities and Exchange Commission on April 21, 2026. The filing contains audited financial statements for the year ended December 31, 2025, along with a comprehensive discussion of the company’s risk factors, governance, and strategic priorities.
The 2025 results show a decline in gross written premiums to $666.7 million from $700.1 million in 2024, a 4.9% drop driven largely by the non‑renewal of a professional indemnity binder in the Specialty Long‑tail segment. Core operating income fell to $114.9 million from $144.8 million year‑over‑year, reflecting lower underwriting income, while investment income rose to $54.7 million from $51.9 million, supported by a larger fixed‑income portfolio. Total shareholders’ equity increased to $710.2 million at year‑end, up from $654.8 million in 2024.
Earnings per share for the full year were $0.80, beating the consensus estimate of $0.71 by $0.09 (12.7%). The beat was largely attributable to disciplined cost management and a favorable mix of higher‑margin specialty lines that offset the premium decline. The company’s operating margin contracted modestly, but the stronger investment income helped preserve profitability.
Segment analysis indicates that the Specialty Long‑tail business, which had been a growth driver, experienced a contraction due to the binder non‑renewal, while other segments maintained stable performance. The company’s underwriting strategy continues to focus on high‑margin specialty lines, and the management team highlighted the importance of maintaining underwriting discipline amid a competitive pricing environment.
Management reiterated its guidance for the first quarter of 2026, maintaining revenue and earnings expectations while emphasizing continued focus on risk‑adjusted underwriting and capital efficiency. The company also highlighted ongoing regulatory and climate‑related risks, noting that exposure to catastrophic events and evolving AI‑related regulations remain key considerations for future operations.
The filing follows the company’s February 24, 2026 earnings release, which provided the detailed financial data now incorporated in the 20‑F. No additional market reaction data is available in the fact‑check report.
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