IGI management commentary says H1 2026 net income falls to $42.5 million on FX swing to loss
IGIC•H1 2026 net income declines on foreign exchange loss
International General Insurance Holdings’ management commentary reported net income of $42.5 million for the six months ended June 30, 2026, down from $61.4 million.
Management attributed the decline mainly to a $20.7 million swing in net foreign exchange to a $3.4 million loss.
Higher net loss and loss adjustment expenses, up $3.3 million, reflected increased catastrophe losses tied primarily to the war in the Middle East.
Net premiums earned rose 3.7% to $236.2 million, partially offsetting the impact of foreign exchange and catastrophe losses.
