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International General Insurance (IGI) recorded a 3.7% increase in turnover for the first half of 2024. The figure rose from 373.5 million USD as at 30 June 2023 to 387.2 million USD one year later.
At 70.7 million USD, the half-year net profit was down 5% on the 74.4 million USD posted in the first half of 2023.
The operating result improved by 8.6% to 73.3 million USD, against 67.5 million USD a year earlier.
The combined ratio lost two points to stand at 77.7%.
During the reporting period, the company's shareholders' equity amounted to 588.2 million USD.
