IGI: results increase in 2021

International General Insurance (IGI) closed the year 2021 with a 16.8% turnover increase. As of 31 December 2020, written premiums rose from 467.3 million USD to 545.6 million USD by end 2021.

Such growth is due to the group's new businesses and improved performance of current activities.

The net profit reached 43.6 million USD, which is 60.3% higher than 27.2 million USD recorded in 2020.

As of 31 December 2021, the combined ratio improved by 2.9 points to reach 86.4%. The return on equity stood at 11.1%.