International General Insurance Q2 EPS misses estimates on higher catastrophe losses

International General Insurance Holdings

04/08/2026 21:17

Overview
Bermuda-based specialty insurer's Q2 gross written premiums rose 7% yr/yr
Core operating EPS for Q2 missed analyst expectations
Q2 results impacted by elevated catastrophe losses from Middle East conflict

Outlook
Company did not provide specific financial guidance or outlook for future periods

Result Drivers
CATASTROPHE LOSSES - Elevated CAT losses, mainly from the war in the Middle East, drove up the loss ratio and reduced underwriting income
SEGMENT PERFORMANCE - Specialty Short-tail segment underwriting income declined due to higher loss and loss adjustment expenses from Middle East conflict; Reinsurance segment income fell on higher losses despite new business in India
FOREIGN EXCHANGE LOSSES - Net foreign exchange losses, mainly from adverse currency movements, negatively affected results

Company press release: ID:nBw43CbjGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Core Operating EPS
Miss
$0.44
$0.66 (3 Analysts)
Q2 EPS
 
$0.49
 
Q2 Net Income
 
$20.90 mln
 
Q2 Core Operating Income
Miss
$18.70 mln
$31.70 mln (1 Analyst)
Q2 Combined Ratio
 
95.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for International General Insurance Holdings Ltd is $28.00, about 0.4% above its August 3 closing price of $27.88
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)