IGI: H1 2021 results

International General Insurance (IGI) has published its performance indicators for the first half of 2021. The turnover amounts to 266.8 million USD, a 12.8% increase compared to the 236.5 million USD recorded on 30 June 2020.

During the first semester of 2021, the Emirati insurer has posted a net profit of 20.1 million USD against 11.2 million USD during the same period of the previous year, which represents a 79.8% growth over one year.

The underwriting result stands at 48.6 million USD, that is, an annual improvement of 79.4%. The combined ratio is set at 88.5% against 82.6% at the end of June 2020.