International General Insurance FY26 H1 net income falls 30.8% to USD 42.53 million; revenue rises 2.77% to USD 269.15 million - IGIC News | RalliesInternational General Insurance FY26 H1 net income falls 30.8% to USD 42.53 million; revenue rises 2.77% to USD 269.15 million
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IGIC• First-half results
- International General Insurance posted net income of USD 42.53 million, down 30.79% from USD 61.45 million a year earlier.
- Diluted earnings per share fell to USD 0.98 from USD 1.36, while revenue edged up 2.77% to USD 269.15 million.
- Net premiums earned rose 3.68% to USD 236.18 million, while net investment income slipped 5.22% to USD 30.91 million.
- Book value weakened as total shareholders’ equity declined 5.8% to USD 668.94 million at June 30, from USD 710.15 million at year-end.
- Prior-year reserve development was favorable at USD 30.6 million, led by USD 24.9 million in short-tail and USD 5.8 million in reinsurance.
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