IGI publishes its 2017 results

International General Insurance (IGI) posted, by the end of 2017, a net profit of 7.9 million USD against 32.1 million USD in 2016. This decline is accounted for by the increase in the loss experience during the past year.

However, IGI saw its turnover rise by 19% from 231.43 million USD in 2016 to 275.34 million USD a year later. The non-life combined ratio deteriorated by 15.5 points from 87.5% to 103%.

The company's assets are up by 9% at 888.79 million USD.