International General Insurance Holdings Ltd. · NASDAQ:IGIC
International General Insurance — Q3 2022 Earnings Presentation
20 slides from International General Insurance's earnings presentation, Nov 10, 2022
Slide 1: IGI Investor Presentation Third Quarter 2022
IGI Investor Presentation Third Quarter 2022 November 2022
Slide 2: Forward Looking Statements
International General Insurance Holdings Ltd. 2 Forward Looking Statements This presentation contains “forward - looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995 . The expectations, estimates, and projections of the busin
Slide 3: Key Market Data and Overview
International General Insurance Holdings Ltd. 3 Key Market Data ( 1) Stock Exchange Nasdaq Symbol I GIC Market Cap/Price $353mm / $7.74 Sh. Equity/BVPS $400mm / $8.80 Employees 328 » “Underwriting first” individual risk underwriting strategy focused on profitable growth, diversification, and lower v
Slide 4: Track Record of Maximizing Total Value Creation
International General Insurance Holdings Ltd. 4 $7.12 $8.32 $9.20 $9.30 $10.43 $10.72 $11.36 $12.17 $10.70 $11.51 $11.72 $0 $2 $4 $6 $8 $10 $12 $14 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9/30/2022 11.7% 13.0% 12.4% 12.1% 10.3% 0.1% 9.8% 7.0% 10.3% 13.6% 26.9% 0% 5% 10% 15% 20% 25% 30% 201
Slide 5: Superior Total Value Creation
International General Insurance Holdings Ltd. 5 IFC - CA UVE PGR KNSL AMSF ALL TRV CB RLI PLMR AIZ AFG HIG SIGI RE ACGL WRB IGIC SAFT THG ORI BRK.B RNR LRE - LON MCY CINF MKL HMN CNA KMPR EIG PRA JRVR SPNT AXS Y AIG DGICA FFH - CA ARGO UFCS UIHC WTM 0 10 20 30 40 50 0 10 20 30 40 50 Return on Tangib
Slide 6: Global Presence, Local Knowledge
International General Insurance Holdings Ltd. 6 Global Presence, Local Knowledge » Main underwriting hubs in UK, Europe, Middle East / North Africa, Asia Pacific covering a mix of mature and high - growth, under - represented geographies » Distribution relationships and presence in key territories w
Slide 7: Strategy to Maximize Total Value Creation over the Long-term
International General Insurance Holdings Ltd. 7 (1) Represents difference in average combined ratios for the period 2012 – 9M 2022 between IGIC and peers. Peers include: MKL, ACGL, WRB, RE, RNR, HSX - LON, AXS, RLI, BEZ - LON, ARGO, KNSL, LRE - LON, JRVR and Lloyd’s of London (2) Source Dowling Rese
Slide 8: Well-Positioned for Future Total Value Creation Opportunities
International General Insurance Holdings Ltd. 8 Well - Positioned for Future Total Value Creation Opportunities Build - out of US/European Business » US: $52.8mm GWP through 9/30/2022, including E&S business; all short - tail, primarily energy, property, and contingency » Europe: $33.9mm GWP through
Slide 9: Overview Q3 2022
9 International General Insurance Holdings Ltd. Overview Q3 2022 $120.6 million Gross Written Premium Compared to $115.3 mm in Q3’21 Premium growth of 4.6% driven by new business and portfolio optimization achieving rate increases and improved terms and conditions $42.0 million Net Underwriting Resu
Slide 10: Earnings Stability Through Broad Diversification
International General Insurance Holdings Ltd. 10 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 GWP $Millions Reinsurance Energy Engineering Marine Property General Aviation Political violence Contingency Inherent Defects Insurance Professi
Slide 11: Track Record of Profitable Growth & Strong Cycle Management
International General Insurance Holdings Ltd. 11 $226 $240 $252 $242 $232 $275 $302 $351 $467 $546 $589 88.5% 87.9% 86.5% 84.3% 87.1% 105.0% 88.7% 94.3% 89.3% 86.4% 73.8% $0 $100 $200 $300 $400 $500 $600 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 LTM Q3'22 Reinsurance Long-Tail Short-Tail IGI
Slide 12: Specialist Individual Risk Strategy to Protect Capital and Optimize Profitability
International General Insurance Holdings Ltd. 12 $80.6 $47.7 $39.6 $40.5 $61.5 $161.3 $99.0 $66.5 $99.2 $112.3 $75.0 89% 88% 86% 84% 87% 105% 89% 94% 89% 86% 74% 0% 20% 40% 60% 80% 100% 120% 140% 160% $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 6M'22 Specialis
Slide 13: Conservative Investment Strategy
International General Insurance Holdings Ltd. 13 Asset Allocation Total Investment Portfolio Credit Quality Fixed Maturity Portfolio Conservative Investment Strategy » Investment portfolio managed conservatively to ensure on - going ability to pay claims and improve ROE while avoiding undue risk Tot
Slide 14: Prudent Reserving Philosophy
International General Insurance Holdings Ltd. 14 $24 $27 $23 $9 $6 $6 $16 $45 15% 17% 16% 5% 3% 2% 5% 16% 2015 2016 2017 2018 2019 2020 2021 9/30/2022 Favorable Development / NPE IBNR Net Reserves As % of Total Net Reserves Specialty – Long - Tail As % of Total NPW Favourable Reserve Development Pru
Slide 15: Commitment to Social Responsibility and Governance
International General Insurance Holdings Ltd. 15 Commitment to Social Responsibility and Governance Our purpose: To provide peace of mind in times of uncertainty. . This is core to our values, our business, and our corporate character. . We have a long track record of supporting our people and our c
Slide 16: Appendix
Appendix
Slide 17: Selected Financial Data
International General Insurance Holdings Ltd. 17 Selected Financial Data (1) Represents annualized core operating income for the period divided by average shareholders’ equity; Average shareholders’ eq uity equals the total equity at the reporting period end plus the total equity as of the beginning
Slide 18: IFRS Summary Income Statement
International General Insurance Holdings Ltd. 18 IFRS Summary Income Statement (1) Includes interest, dividend income, realized and unrealized gain / loss on investments and investment properties, expected cr edi t losses on investments and share of profit or loss from associates net of investment c
Slide 19: IFRS Reconciliation – Core Operating Earnings
International General Insurance Holdings Ltd. 19 IFRS Reconciliation – Core Operating Earnings (1) Represents a non - IFRS financial measure as the line item balances reported in the “IFRS Summary Income Statement” have been adjusted for the related tax impact. (2) Related to the business combinatio
Slide 20: For more information: Investor Relations
International General Insurance Holdings Ltd. 20 For more information: Investor Relations Robin Sidders (Head of Investor Relations) Email: Robin.Sidders@iginsure.com Telephone: +44 2072 200100 Mobile: +44 7384 514785
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