International General Insurance HoldingsNASDAQ: IGIC

International General Insurance Holdings is a Middle East-based insurance group specializing in specialty insurance and reinsurance. IGIC has a strong track record of creating shareholder value, with nearly doubling its book value per share since 2013. The company generates higher returns on equity compared to its North American peers, indicating effective management and potential for growth.

International General Insurance Holdings is a $520-million market cap specialist commercial insurance and reinsurance group with a presence in over 200 countries and markets worldwide. In Q3 FY2023, IGIC reported a 51.8% YoY decrease in net income. But the firm is growing strong YTD, expanding tangible book value and keeping the shareholder return policy generous. IGIC stock is still cheap even after the YTD run-up in its price. My simple calculations say IGIC should be ~42% higher by the end of FY2024.

International General Insurance Holdings Ltd. (NASDAQ:IGIC ) Q3 2023 Results Conference Call November 15, 2023 9:00 AM ET Company Participants Robin Sidders - Head of Investor Relations Wasef Jabsheh - Executive Chairman Waleed Jabsheh - Chief Executive Officer Pervez Rizvi - Chief Financial Officer Operator Good day, and welcome to the International General Insurance Holdings Ltd.