#1IGI Investor Presentation Second Quarter 2022 August 2022 IGI IG#2Forward 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 business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes," "predicts," "potential,” “continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this presentation may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding pricing and other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI's services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably and IGI's ability to retain its key employees; (3) changes in applicable laws or regulations; (4) the outcome of any legal proceedings that may be instituted against the Company; (5) the potential effects of the COVID-19 pandemic and emerging variants; (6) the effects of the hostilities between Russia and Ukraine and the sanctions imposed on Russia by the United States, European Union, United Kingdom and others; (7) the inability to maintain the listing of the Company's common shares or warrants on Nasdaq; (8) the inability of the Company to complete the proposed acquisition of EIO or the failure to realize the anticipated benefits of the proposed acquisition of EIO; and (9) other risks and uncertainties indicated in IGI's filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI's financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. International General Insurance Holdings Ltd. 2#3Overview IGI is an international specialist (re)insurance group with deep technical expertise providing coverage across a diversified portfolio of specialty lines "Underwriting first" individual risk underwriting strategy focused on profitable growth, diversification, and lower volatility Underwriting portfolio well-diversified by line of business, product, and territory serviced by 92 underwriters¹ across 7 offices ➤ Performance-based culture with well-respected and recognized leadership and proven expertise in intelligent risk selection across a diverse range of specialty lines ➤ Uniquely positioned to capitalize on market opportunities through dynamic portfolio management across market cycles ➤ Balance sheet strength and stability focused on capital preservation underpinned by a prudent reserving philosophy and conservative investment strategy ➤ Strong shareholder alignment through significant insider ownership (Jabsheh family ownership: 30.6%) Key Market Data (1) Stock Exchange Symbol Market Cap/Price Sh. Equity/BVPS Employees A Financial Strength Rating BEST A Excellent Nasdaq IGIC $356mm / $7.80 $394mm / $8.64 318 A- S&P Global Ratings Commitment to long-term total value creation through growth in tangible book value per share plus dividends (1) Data as of June 30, 2022 International General Insurance Holdings Ltd. 3#4Empty#5Superior Total Value Creation Proven track record of higher, more consistent returns with lower volatility Return on Tangible Equity and Sharpe Ratio 12/31/2002-12/31/2021 Higher Volatility, Higher Returns Lower Volatility, Higher Returns PGR IFC-CA UVE AMSF KNSL TRV ALL◆ CB AIZ AFG PLMR HIG RLI RE ACGL IGIC SIGI WRB SAFT LRE-LON THG RNR ORI MCY MKL HMN CNA BRK.B CINF KMPR◆ JRVRSPNT EIG PRA AIG AXS FFH-CA◆ DGICA ARGO UFCS WTM ◆ UIHC Higher Volatility, Lower Returns Lower Volatility, Lower Returns Source: Dowling Research. Note: The chart represents 10-year average ROTE and Sharpe ratio (or shorter period for companies where 10 years is not available). Sharpe ratio is estimated as the difference between 10 Year average ROTE and 10 Year Mean U.S. Treasury, divided by the Company's ROTE Standard Deviation. International General Insurance Holdings Ltd. 5#6Global 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 with high degree of local knowledge, cultural compatibility, and trusted relationships Bermuda Group holding company domicile Underwriting parent company London Underwriting headquarters for UK and US business Amman Casablanca Africa underwriting hub Malta Europe underwriting hub Operational headquarters Dubai Middle East underwriting hub International General Insurance Holdings Ltd. Kuala Lumpur Asia underwriting hub 16#7Strategy to Maximize Total Value Creation over the Long-term Consistent Execution of Underwriting Strategy Individual risk underwriting facilitates tighter risk control Global footprint, local knowledge, long relationships Deep technical expertise, specialized experience Dynamic cycle management, focused on lines with strong margins and rate momentum Lower volatility, prudent use of reinsurance, managed CAT exposure Balance Sheet Strength, Prudent Use of Capital Maintain optimal level of capital for "underwriting first" strategy; return excess capital in dividends, share repurchases Zero financial leverage Prudent reserving philosophy Conservative investment portfolio structure - high quality fixed income; duration management Track Record of Strong Underwriting Results Underwriting strategy results in average 4 pt combined ratio advantage¹ vs. peers 10-year average 88.3% combined ratio 10-year average 11.6% core operating ROE, including soft market years Top quartile risk adjusted return, low relative volatility2 (1) Represents difference in average combined ratios for the period 2012 - Q2 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 Research (see Slide 5) International General Insurance Holdings Ltd. 7#8Well-Positioned for Future Total Value Creation Opportunities Build-out of US/European Business ➤ US: $32.8mm GWP through 6/30/2022, including E&S business; all short-tail, primarily energy, property, and contingency Europe: $23.9mm GWP through 6/30/2022; predominantly long-tail lines, supplemented by some short-tail business Capitalize on Market Opportunities Steady growth in short-tail lines where conditions remain strong (energy, construction, property): cumulative short-tail lines net rate increases at 6/30/2022: 4.3% Continued build out of long-tail opportunities - cumulative net rate increases at 6/30/2022: 11.3%; dedicated expertise expanded in Asia Pacific, MENA, Europe Increased line sizes across various lines Continued Focus on Diversification and Growth Expected growth in Scandinavia through planned acquisition of Norwegian energy MGA On-the-ground presence in Bermuda with expected near-term buildout of reinsurance treaty business ➤ Continued growth of new lines introduced in 2020/21 Single "hub" underwriting approach promotes efficiency in decision-making across markets Continuous evaluation of opportunities to enter new lines/markets while maintaining overall risk appetite Prudent Capital Management Efficient use of capital, prioritizing profitable growth in underwriting first, then returning capital to shareholders through dividends and share repurchases ➤ Current share repurchase authorization of up to 5 million common shares; regular quarterly common share dividend of $0.01 per share International General Insurance Holdings Ltd. 8 00#9Developments Financial Performance Overview Q2 2022 $176.4 million Gross Written Premium $40.4 million Net Underwriting Results 74.8% Combined Ratio 30.0% Core Operating ROAE Compared to $166.1 mm in Q2'21 Compared to $20.9 in Q2'21 Compared to 92.3% in Q2'21 Compared to 9.1% in Q2'21 Premium growth of 6.2% driven by new business and portfolio optimization achieving rate increases and improved terms and conditions Increase of 93.3% driven by disciplined and opportunistic underwriting, and a lower level of losses 17.5pt improvement driven by higher earned premium and 5.7pts favorable reserve development 20.9pt improvement due to higher earned premium, a lower level of losses, and favorable development Continued commitment to underwriting strategy with focus on profitable growth, niche coverages and diversification; proposed acquisition of Oslo-based energy MGA to build Scandinavian business; on-the-ground presence in Bermuda with expected near-term buildout of reinsurance treaty business Share repurchase authorization of up to 5 million shares; repurchases YTD 2022 (as of August 16, 2022) 35,356 common shares at an average price per share of $7.51 Strong relationships with brokers/clients based on deep technical expertise in markets with niche coverages, high- quality proactive claims service, and demonstrated ability to shift underwriting focus with market opportunities International General Insurance Holdings Ltd. 9#10Earnings Stability Through Broad Diversification Meaningful diversification by line of business, product, geography, broker distribution, facility vs. individual risk, and short vs. long-tail risks ~25 lines of business written globally, supported by 7 offices $550 $500 GWP by Geography 6/30/2022 Australasia South America GWP $Millions 2.2% 2.6% Worldwide 8.3% $450 Africa 6.4% United Kingdom 28.4% Central $400 America 6.1% Caribbean GWP by Line of Business $350 8.2% Asia $300 North America 9.6% 9.7% Middle East Europe 7.9% 10.6% $250 $200 $150 $100 $50 $0 2012 Reinsurance Political violence 2013 2014 2015 Energy Contingency Engineering Inherent Defects Insurance 2016 2017 Marine ■Professional Lines 2018 Property Financial Institutions 2019 2020 2021 General Aviation International General Insurance Holdings Ltd. 10#11GWP $Millions Track Record of Profitable Growth & Strong Cycle Management ➤ Prudent growth and cycle management balancing growth and risk selection Opportunistic approach to capitalizing on market dislocation 2012 Q2 2022 GPW CAGR: 10.4% 2012 – Q2 2022 combined ratio average: 88.3% - $600 $500 88.5% 87.9% 87.1% 86.5% 84.3% $400 $300 $200 $100 105.0% $584 $546 94.3% 88.7% 89.3% 86.4% $467 Accelerating Growth $351 Strong Cycle Management $302 $275 $252 $240 $242 $226 $232 (1) Combined ratio 6/30/2022 $0 2012 2013 2014 2015 2016 2017 Reinsurance Long-Tail 2018 Short-Tail 2019 2020 2021 LTM Q2'22 IGI Combined Ratio International General Insurance Holdings Ltd. 73.5%¹ 11#12$Billions Specialist Individual Risk Strategy to Protect Capital and Optimize Profitability 74% individually underwritten as of June 30, 2022; 19% MGA-originated; 7% reinsurance Class-underwriting profit centers irrespective of geography of risk In-depth risk assessment of underlying exposure Facultative reinsurance designed to enhance risk-adjusted returns Prudent use of treaty reinsurance to protect capital $180 $160 $140 2017 $161.3 Hurricanes Harvey, Irma, Maria I L $120 89% 88% 86% 87% 84% $100 $80.6 $80 $60 $47.7 $39.6 $40.5 $40 $20 $0 '12 '13 IGIC Combined Ratio $61.5 160% 2018 2021 Hurricane Ida, Winterstorm Uri 140% Hurricane Michael, I California wildfires I 105% 120% $112.3 94% 100% $99.0 $99.2 89% 89% 86% 80% $66.5 '14 '15 '16 '17 '18 '19 '20 '21 24 Weather Earthquakes/ Tsunamis Man-made Source: Swiss Re Institute, PCS, Insurance Information Institute, A.M. Best, IGI. International General Insurance Holdings Ltd. 60% 40% 20% 0% Retentions range between $1 mm - $12.5 mm depending on underlying business lines Catastrophe protection up to $90 mm which protects against 1:250 single-event 12 12#13Conservative Investment Strategy Investment portfolio managed conservatively to ensure on-going ability to pay claims and improve ROE while avoiding undue risk Asset Allocation Total Investment Portfolio Total Investment Portfolio of $905.8 Million 6/30/2022 Credit Quality Fixed Maturity Portfolio Geographic Diversification Fixed Maturity Portfolio Equity Real Estate Cash & Cash Securities 4.7% 2.4% Equivalents 16.5% Fixed Income Securities 52.2% Term Deposits 24.2% Non-Investment AAA Grade/Unrated 1.0% AA 1.5% 9.3% BBB 28.9% A 59.3% Average Credit Quality: A- Average Duration: 3.5 Years International General Insurance Holdings Ltd. Middle East 40% Worldwide 1% North America 20% Australasia 20% UK 7% Europe 12% 13#14Prudent Reserving Philosophy Anchored in Conservatism and Balance Sheet Preservation IBNR reserves reflect growth of specialty long-tail lines (average duration 4-7 years) History of releasing reserves once losses are fully developed No U.S. casualty exposure $Millions $24 $27 Favourable Reserve Development $23 $16 $23 III...!! $6 $6 $9 17% 15% 16% 5% 3% 2015 2016 2017 2018 2019 13% 2% 5% 2020 2021 6M'2022 Specialty - Long-Tail As % of Total NPW - Favorable Development / NPE IBNR Net Reserves As % of Total Net Reserves 36% 31% 2017 6/30/2022 (1) Data based on case + IBNR reserve development. International General Insurance Holdings Ltd. 37% 56% 2017 6/30/2022 14 14#15Commitment to Social Responsibility and Governance Our purpose: To provide peace of mind in times of uncertainty. This is core to our values, our business, and our corporate character. We have a long track record of supporting our people and our communities. Mature governance structure: Majority independent Board with well-defined committees and charters Robust corporate policies - subject to regular review ESG Committee formed to transition to broader ESG strategy reporting to Executive and Board IGI Values are Embedded Throughout the Company History of community and social support: Significant investment in support of arts, educational, and health initiatives Culture of participation and giving back to the communities where our people live and work Innovative • Entrepreneurial environment • Employee responsibility • Initiative valued Genuine • Collaborative approach • Global team • Promote diversity Long standing commitment to Diversity & Inclusion: Diversified workforce: culture, gender, religion, race, age, etc. Fourth consecutive year of support for Lloyds of London 'Dive In Festival' supporting D&I in insurance; designated country lead for future 'Dive In' events in Jordan Sustainability: ➤ ESG Committee to investigate sustainability, climate risk initiatives Integrity • Practice values and principles ⚫ Trust-based relationships •Focus on doing what's right 15 International General Insurance Holdings Ltd. 5#16Appendix#17Selected Financial Data ($ in mm) Operating Results: Gross Written Premiums 2017 2018 Year ended December 31, 2019 2020 2021 Quarter ended June 30, 2021 2022 Net Underwriting Results Core Operating Earnings $275.1 $301.6 $349.2 $467.3 $545.6 I $166.1 $176.4 23.6 56.1 52.0 77.4 105.8 I 20.9 40.4 $0.3 $29.5 $21.6 $35.6 $53.2 $8.8 $29.4 Core Operating Return on Equity (1) 0.1% 9.8% 7.0% 10.3% 13.6% 9.1% 30.0% I Key Metrics: Loss Ratio Policy acquisition expense ratio G&A expense ratio Combined Ratio 59.2% 46.5% 54.8% 53.5% 51.0% 57.0% 40.1% 24.7% 22.9% 21.1% 19.2% 18.3% 18.6% 17.7% 21.1% 19.3% 18.2% 16.6% 17.1% 16.7% 17.0% 105.0% 88.7% 94.1% 89.3% 86.4% 92.3% 74.8% I Financial Position: I Investments and Cash Portfolio $489.6 $505.0 $604.7 $775.3 $914.3 $853.0 $905.8 Debt Shareholders' Equity Book Value per Share 301.4 301.2 312.1 381.0 401.9 390.2 393.9 $8.39 $8.83 $8.58 $8.64 Select Ratios: Retention Ratio (NPW/GPW) Premium Leverage (NPE / Shareholders' Equity)(2) Debt-to-Total Capitalization Ratio Investment Leverage (3) 58.4% 67.4% 72.2% 72.4% 70.1% 65.9% 65.9% 48.7% 60.8% 71.6% 90.8% 90.6% 89.8% 95.3% 0.0% 162.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 167.6% 200.8% 248.4% 240.0% 223.9% 225.4% (1) Represents annualized core operating income for the period divided by average shareholders' equity; Average shareholders' equity equals the total equity at the reporting period end plus the total equity as of the beginning of the reporting period, divided by 2. (2) Represents annualized net premium earned for the quarter divided by prior year end shareholders' equity. (3) Represents the sum of (a) cash and short-term deposits, and (b) total investments (sum of investments, investment properties and investments in associates) divided by prior year end shareholders' equity. International General Insurance Holdings Ltd. 17#18IFRS Summary Income Statement Year Ended December 31, Quarter ended June 30, ($ in mm) Gross Written Premiums Reinsurance Share of Insurance Premiums 2017 2018 2019 2020 2021 I 2021 2022 $275.1 $301.6 $349.2 $467.3 $545.6 $166.1 $176.4 (114.3) (98.2) (97.1) (128.9) (163.0) I (56.6) (60.2) I Net Written Premiums $160.8 $203.4 $252.2 $338.4 $382.6 $109.5 $116.2 Net Change in Unearned Premiums (14.0) (20.1) (36.6) (54.9) (37.4) (24.0) (20.4) Net Premiums Earned $146.7 $183.3 $215.5 $283.5 $345.2 $85.5 $95.8 Net Claims and Claim Adjustment Expenses (86.9) (85.3) (118.1) (151.7) (176.2) (48.7) (38.4) Net Policy Acquisition Expenses (36.2) (42.0) (45.4) (54.4) (63.2) (15.9) (17.0) Net Underwriting Results $23.6 $56.1 $52.0 $77.4 $105.8 $20.9 $40.4 T (1) Total Investment Income General & Administrative Expenses Listing Associated Extraordinary Expenses 13.6 9.4 13.0 8.5 8.7 4.3 1.6 I (30.9) (35.4) (39.3) (46.9) (58.9) (14.3) (16.3) I (4.8) (3.4) Other Expenses, net (1.8) (1.2) (1.4) (4.4) (6.0) I (0.8) 1.1 T Changes in Fair Value of Derivative Financial Liabilities (4.4) 0.7 0.4 3.6 Gain (Loss) on Foreign Exchange Profit Before Tax Tax Profit for the Period 2.6 (3.4) 5.7 2.5 (4.9) (1.9) (9.2) $7.0 $25.6 $25.3 $29.3 $45.4 $8.8 $21.2 I 0.0 (0.1) (1.7) (2.1) (1.7) (0.6) 0.6 $7.0 $25.5 $23.6 $27.2 $43.7 $8.2 $21.8 (1) Includes interest, dividend income, realized and unrealized gain / loss on investments and investment properties, expected credit losses on investments and share of profit or loss from associates net of investment custodian fees and other investment expenses. International General Insurance Holdings Ltd. 18#19IFRS Reconciliation - Core Operating Earnings Year Ended December 31, Quarter ended June 30, I ($ in mm) Profit For the Period 2017 2018 2019 2020 2021 2021 2022 $7.0 $25.5 $23.6 $27.2 $43.7 $8.2 $21.8 I 1 Realized Losses / (Gains) on Investments (3.1) (1.3) (1.0) (0.9) (0.3) (0.4) Net Impairment Losses Recognized in Earnings 0.1 0.0 (0.0) Unrealized Loss (Gain) on Revaluation on Financial Assets (1) 0.9 (1.6) Expected Credit Losses on Investments 0.3 0.2 (0.3) I Unrealized Losses / (Gains) on Investments (0.1) (3.0) (0.8) 3.0 Losses (Gains) on Investment Properties 0.3 2.0 1.3 0.7 0.3 Fair value loss on investment properties held through associates (1.0) 0.9 0.4 1.5 15 7.3 (0.2) Changes in Fair Value of Derivative Financial Liabilities 4.4 (0.7) (0.5) (3.6) (Gain) / Loss on Foreign Exchange (Tax Adjusted)(1) Listing Associated Extraordinary Expenses (2) (2.6) 3.4 (4.9) (2.3) 4.7 1.8 8.2 4.8 3.4 Core Operating Income $0.3 $29.5 $21.6 $35.6 $53.2 $8.8 $29.4 (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 combination with Tiberius Acquisition Corp. in March 2020. International General Insurance Holdings Ltd. 19 19#20For more information: Investor Relations Robin Sidders (Head of Investor Relations) Email: [email protected] Telephone: +44 2072 200100 Mobile: +44 7384 514785 International General Insurance Holdings Ltd. 20 20