IGI: first quarter 2023 results

As of 31 March 2023, International General Insurance (IGI) reported a turnover of 173.9 million USD, up 37.6% over one year.

The quarterly profit grew by 52.7% to 33.9 million USD compared to the same period in 2022.

The underwriting result fell to 39.8 million USD, decreasing by 4.6%. The combined ratio lost 6.6 points to stand at 78.4%.