International General Insurance Holdings (IGIC) financial statements
International General Insurance Holdings reported revenue of $517M in fiscal 2025, up 107.8% a year over 8 years.
Net income was $127M.
Free cash flow was $107M, and the company returned $46M in dividends and $62M in net buybacks.
The diluted share count rose 22% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from International General Insurance Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1M | $2M | $1M | $842,000 | $350M | $393M | $499M | $539M | $517M |
| Gross profit | — | — | — | $27M | $44M | $85M | — | — | — |
| Selling, general and admin | $211,739 | $211,000 | $382,000 | $47M | $58M | $67M | $79M | $90M | $97M |
| Operating income | — | — | — | — | -$302M | -$306M | -$346M | — | — |
| Pre-tax income | $7M | $26M | $25M | $29M | $49M | $92M | $126M | $132M | $127M |
| Income tax | -$14,422 | $62,000 | $2M | $2M | $2M | $3M | $8M | -$3M | -$10,000 |
| Net income | $7M | $26M | $24M | $2M | $47M | $89M | $118M | $135M | $127M |
| EPS (diluted) | — | — | — | — | $0.98 | $1.84 | $2.55 | $2.98 | $2.89 |
| Diluted shares | 36M | 35M | 34M | 43M | 46M | 46M | 43M | 45M | 44M |
| Gross margin | — | — | — | 3236.5% | 12.5% | 21.7% | — | — | — |
| Operating margin | — | — | — | — | -86.1% | -77.7% | -69.3% | — | — |
| Net margin | 473.2% | 1662.9% | 1836.7% | 200.7% | 13.4% | 22.7% | 23.7% | 25.1% | 24.6% |
Balance sheet
Fiscal years, from International General Insurance Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $104M | $185M | $192M | $133M | $242M | $388M | $219M | $155M | $186M |
| Receivables | — | — | — | — | — | $210M | $245M | $256M | $274M |
| Total current assets | — | $794,534 | $952,721 | — | — | — | — | — | — |
| Property, plant and equipment | $19M | $12M | $13M | $13M | $15M | $13M | — | — | — |
| Goodwill | — | — | — | — | $41,000 | — | — | — | — |
| Total assets | — | $903M | $1.0B | $1.3B | $1.5B | $1.6B | $1.8B | $2.0B | $2.1B |
| Total current liabilities | — | $7M | $7M | — | — | — | — | — | — |
| Total liabilities | — | $602M | $697M | $898M | $1.0B | $1.2B | $1.3B | $1.4B | $1.4B |
| Shareholders' equity | $301M | $301M | $312M | $381M | $381M | $411M | $540M | $655M | $710M |
| Net debt | -$104M | -$185M | -$192M | -$133M | -$242M | -$122M | -$177M | -$155M | -$186M |
Cash flow
Fiscal years, from International General Insurance Holdings's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13M | $104M | $21M | -$91M | $175M | $155M | $197M | $209M | $108M |
| Capital spending | $2M | $1M | $1M | $2M | $2M | $1M | $3M | $7M | $944,000 |
| Free cash flow | $11M | $103M | $20M | -$92M | $173M | $154M | $193M | $203M | $107M |
| Stock-based compensation | — | — | — | $450,000 | $1M | $2M | $3M | $5M | $7M |
| Dividends paid | $11M | $4M | $11M | $4M | $15M | $10M | $2M | $27M | $46M |
| Share buybacks (net) | — | -$15M | -$5M | — | — | -$2M | -$31M | -$23M | -$62M |
| Free cash flow margin | 762.9% | 6702.1% | 1585.9% | -10983.3% | 49.3% | 39.1% | 38.7% | 37.6% | 20.7% |
| Dividends per share | $0.32 | $0.12 | $0.32 | $0.10 | $0.33 | $0.22 | $0.04 | $0.59 | $1.06 |
Questions
What was International General Insurance Holdings's revenue in 2025?
$517M in fiscal 2025, from its 10-K filing.
How much free cash flow does International General Insurance Holdings generate?
$107M in fiscal 2025 (operating cash flow minus capital spending).
From International General Insurance Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.