15th November 2023

IGI CEO comments on latest financials

IGI ceo Waleed Jabsheh, comments: “IGI’s excellent third quarter and nine month results-reflected in a combined ratio of 73.2% and a core operating return on average equity of 31%- emonstrate our continued discipline and ability to shift focus to those lines with the strongest margins.
While market conditions remain healthy in many lines and increasingly pressured in others, we achieved overall net rate increases of more than 7% across our portfolio, recording healthy premium growth of 25.1% during the third quarter and 22.6% for the first nine months of 2023.
As we look ahead to 2024, we expect to build on the momentum and profitable growth trajectory of the last several quarters, enabling us to continue to deliver on our value proposition to all our stakeholders.”

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