International General Insurance (IGIC) to Release Quarterly Earnings on Tuesday

Posted by Denise Davis on Aug 5th, 2024

International General Insurance (NASDAQ:IGIC – Get Free Report) is set to announce its earnings results after the market closes on Tuesday, August 6th. Parties interested in participating in the company’s conference call can do so using this link.

International General Insurance (NASDAQ:IGIC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.89 EPS for the quarter. International General Insurance had a net margin of 25.26% and a return on equity of 28.24%. The company had revenue of $130.10 million for the quarter.

International General Insurance Price Performance

Shares of IGIC opened at $16.32 on Monday. The firm has a market capitalization of $751.93 million, a price-to-earnings ratio of 6.04 and a beta of 0.22. International General Insurance has a 1-year low of $9.33 and a 1-year high of $17.97. The company has a 50-day moving average of $14.94 and a 200 day moving average of $13.94.

International General Insurance Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, June 3rd. International General Insurance’s dividend payout ratio is presently 3.70%.

International General Insurance Company Profile

(Get Free Report)

International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance.