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International General Insurance(IGIC) - 2021 Q4 - Earnings Call Transcript
2022-03-04 20:10
Financial Data and Key Metrics Changes - The company reported a strong fourth quarter, with gross premiums growing by over 16% year-over-year, reaching over $545 million for the full year 2021 [8][21] - Core operating earnings return on average equity was 13.7% for Q4 and 13.6% for the full year [8][35] - Book value per share increased by 5.2% year-over-year, totaling $8.83 at year-end [35] Business Line Data and Key Metrics Changes - In the Short-tail segment, gross premiums grew by 18.7% for the full year, primarily in energy, property, and engineering lines [22] - The Long-tail segment saw a 13.8% increase in gross written premiums, driven by professional indemnity and D&O business [22] - The treaty reinsurance book reported gross premiums of $4 million for Q4 and $24 million for the full year, marking increases of 42.9% and 24.4% respectively [24] Market Data and Key Metrics Changes - The U.S. market saw a 50% increase in premiums written in 2021 compared to 2020, with expectations for continued growth in 2022 [21][36] - In Europe, significant opportunities are anticipated, particularly in long-tail lines, with expected gross written premium production of around $25 million in 2022 [37][38] Company Strategy and Development Direction - The company aims to continue being a responsible steward of shareholders' capital while building on its solid foundation for future growth [16][44] - The growth strategy has been entirely organic and tightly controlled, focusing on core strengths and capabilities [43][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting the importance of navigating market cycles effectively [45] - The ongoing situation in Ukraine is being monitored closely, with potential impacts on the energy book, though these are not expected to be material [41][42] Other Important Information - The company reported record net underwriting income of $30.6 million for Q4 and $105.8 million for the full year 2021 [25] - General and administrative expenses increased due to new hires and technology investments, with a focus on managing these costs as the company grows [28] Q&A Session Summary Question: Exposure to Russia and Ukraine - Management elaborated that exposure is mainly on the energy side, with physical damage and business interruption risks related to property engineering [48][49] Question: Real estate write-down in Lebanon - The remaining value from Lebanese real estate is about $5.7 million, with the rest predominantly from the head office in Amman, Jordan [50][51] Question: Catastrophe losses related to European flooding - Net losses from European floods currently stand at about $8.5 million, which is within expectations for the overall portfolio [52]
International General Insurance(IGIC) - 2021 Q2 - Earnings Call Presentation
2021-08-13 22:28
IGI Investor Presentation Q2 2021 August 2021 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," ...
International General Insurance(IGIC) - 2021 Q2 - Earnings Call Transcript
2021-08-13 17:55
International General Insurance Holdings Ltd (NASDAQ:IGIC) Q2 2021 Earnings Conference Call August 13, 2021 9:00 AM ET Company Participants Robin Sidders - Head, IR Wasef Jabsheh - Founder, Chairman & CEO Waleed Jabsheh - President & Director Conference Call Participants Mark Dwelle - RBC Operator Good day, and welcome to the International General Insurance Holdings Limited Second Quarter and Half Year 2021 Financial Results Conference Call. [Operator Instructions]. I would now like to turn the conference o ...
International General Insurance(IGIC) - 2020 Q4 - Annual Report
2021-04-02 00:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
International General Insurance(IGIC) - 2020 Q4 - Earnings Call Presentation
2021-03-14 13:48
IGI Investor Presentation Q4 2020 March 2021 INTERNATIONAL GENERAL INSURANCE HOLDINGS LIMITED International General Insurance Holdings Ltd. Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predi ...
International General Insurance(IGIC) - 2020 Q3 - Earnings Call Presentation
2020-11-13 12:53
IGI Investor Presentation Q3 2020 November 2020 INTERNATIONAL GENERAL INSURANCE HOLDINGS LIMITED International General Insurance Holdings Ltd. Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as pr ...
International General Insurance(IGIC) - 2019 Q4 - Annual Report
2020-04-29 23:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Tiberius Acquisition (TIBR) Investor Presentation - Slideshow
2020-03-05 11:34
IGI Investor Presentation March 2020 INTERNATIONAL GENERAL INSURANCE HOLDINGS LIMITED INTERNATIONAL GENERAL INSURANCE HOLDINGS LIMITED CONTENTS | --- | --- | |-----------------------|-------------| | | | | COMPANY OVERVIEW | Section 1 | | BUSINESS OVERVIEW | Section 2 | | TRANSACTION OVERVIEW | Section 3 | | FINANCIAL PERFORMANCE | Section 4 | | RISK MANAGEMENT | Section 5 | | CORPORATE GOVERNANCE | Section 6 | COMPANY OVERVIEW Section 1 Specialty (Re)Insurer With 18-Yr Track Record Maximizing Total Value C ...