IGI: figures for the first nine months of 2024

International General Insurance (IGI) closed the first nine months of 2024 with a turnover of 525.5 million USD, showing a slight 0.3% increase on the 523.8 million USD recorded at end-September 2023.

Net profit improved by 23.4% to 105.1 million USD, compared with 85.2 million USD a year earlier.

Underwriting income dropped by 0.5% year-on-year to 138.7 million USD. The combined ratio fell by 5.6 points to 80.5%.

During the reporting period, investment income stood at 40.3 million USD, up by 12.9% over one year.