International General Insurance: 2022 results
International General Insurance (IGI) has posted a 581.8 million USD turnover as at 31 December 2022, which represents a 6.6% increase compared to the same period in 2021.
The net profit has progressed by 96.1% to reach 85.5 million USD against 43.6 million USD one year earlier.
This performance was primarily attributable to the growth in the net earned premiums and investment income, as well as to the decrease in the loss ratio.
The combined ratio gained 7.9 points to stand at 78.5%.
IGI: main activity indicators (2021-2022)
In millions USD
| 2022 | 2021 | 2021-2022 Evolution | |
|---|---|---|---|
| Gross written premiums | 581.8 | 545.6 | 6.6% |
| Net earned premiums | 376.4 | 345.2 | 9% |
| Net technical result | 148.5 | 105.8 | 40.4% |
| Net investment income | 20.7 | 14.2 | 45.8% |
| Net result | 85.5 | 43.6 | 96.1% |
| Combined ratio | 78.5% | 86.4% | 7.9 points |
| Shareholders' equity | 429.8 | 401.9 | 6.9% |
International General Insurance (IGI) has posted a 581.8 million USD turnover as at 31 December 2022, which represents a 6.6% increase compared to the same period in 2021.
The net profit has progressed by 96.1% to reach 85.5 million USD against 43.6 million USD one year earlier.
This performance was primarily attributable to the growth in the net earned premiums and investment income, as well as to the decrease in the loss ratio.
The combined ratio gained 7.9 points to stand at 78.5%.
IGI: main activity indicators (2021-2022)
In millions USD
| 2022 | 2021 | 2021-2022 Evolution | |
|---|---|---|---|
| Gross written premiums | 581.8 | 545.6 | 6.6% |
| Net earned premiums | 376.4 | 345.2 | 9% |
| Net technical result | 148.5 | 105.8 | 40.4% |
| Net investment income | 20.7 | 14.2 | 45.8% |
| Net result | 85.5 | 43.6 | 96.1% |
| Combined ratio | 78.5% | 86.4% | 7.9 points |
| Shareholders' equity | 429.8 | 401.9 | 6.9% |
