Investor Presentaiton
Selected 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.
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