IGI anticipates full year 2023 net income to hit $118.2m

Published on March 1, 2024

In its preliminary results, International General Insurance (IGI) has revealed that full year 2023 net income will reach $118.2 million, up from $89.2 million in 2022.

IGI also anticipates an increase in gross written premiums to $688.7 million for the full year 2023, representing growth over 2022 of 18.3%.

Meanwhile, book value per share is expected to increase to $12.40 for the full year 2023, an increase of 36.7% compared to 2022.

As for Q4 of 2023 alone, net income is set to hit $33 million, up from $22.5 million in 222, while gross written premiums are expected to reach $164.9 million, up from $154.8 million in the prior year.

IGI plans to release its unaudited Q4 and full year 2023 financial results on March 12, 2024, after the close of the U.S. financial markets.

The post IGI anticipates full year 2023 net income to hit $118.2m appeared first on ReinsuranceNe.ws.

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