English
Français
International General Insurance (IGI) has recorded a 4.4% increase in turnover to 181.6 million USD as at 31 March 2024, against 173.9 million USD in the first quarter of 2023.
The net profit progressed by 11.8% to 37.9 million USD compared with 33.9 million USD a year earlier.
The improvement in net results was mainly attributable to a 30.6% growth in underwriting results and a 24.2% increase in investment income, which stood at 52 million USD and 15.4 million USD respectively at the end of March 2024.
The combined ratio improved by 4.3 points to 74.1%, compared with 78.4% for the same period in 2023.
