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International General Insurance (IGI) has released its financial results for the first quarter of 2026.
Gross written premiums reached 197.2 million USD, marking a year-over-year decline of 4.5%. The decrease was mainly attributed to the non-renewal of two major reinsurance programs.
Underwriting profit increased by 35.2% to 37.7 million USD.
The Bermuda-based group reported a net profit of 21.7 million USD for the first quarter of 2026, compared with 27.3 million USD at the end of March 2025, representing a decline of 20.6%.
The combined ratio improved by 5.3 percentage points year-over-year to 89.1%.
