IGI: 2016 results

International General Insurance (IGI) reported declining results at the end of 2016. The Group's net result decreased by 8.2% from 35 million USD in 2015 to 32.1 million USD twelve months later.

As for gross written premiums, they amounted to 231.4 million USD, down by 4.5% compared to 242.3 million USD achieved in 2015.
The gross incurred losses rose from 134 million USD in 2015 to 129 million USD in 2016 generating a loss ratio of 53.46% for the past year.
Shareholders' equity increased by 9.25% at 311.2 million USD.

Finally, total assets went from 761 million USD in 2015 to 818.5 million USD in 2016, that is a rise of 7.55%.

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