IGI SPAC Presentation Deck

6 Conservative Balance Sheet and Capital Management Strong Credit Ratings Robust Balance Sheet Focus on "Getting it Right" STABLE OUTLOOK Rigorous Reserving Philosophy ■ ■ I ■ ■ RATING A- by S&P I STABLE OUTLOOK No financial leverage RATING A by A.M. Best Regulated by BMA, UK FCA and PRA Robust 287% Bermuda solvency ratio supports one of the highest ratings in the MENA region(²) Capital adequacy in excess of our AAA benchmark(1) NPE /Shareholders' Equity(3) 73% 72% S&P Global 64% 11 2012 2013 2014 2015 2016 2017 2018 57% 52% 49% International General Insurance Holdings Limited 61% Seamless communication among actuarial reserving team, underwriting and claims Reserve testing performed by in-house actuary on regular basis Reserves tested by independent, third party actuaries: Lane Clark & Peacock (semi-annually) and EY (annually) History of Conservative Capital & Risk Management While Maintaining a Fortress Balance Sheet Source: Annual accounts, credit rating reports. Note: Financial statements of IGI have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the International Accounting Standards Board. (1) AM Best press release dated September 5, 2019. S&P report dated July 16, 2018. (2) BSCR/ECR ratio for Bermuda entity (International General Insurance Co Ltd) as of December 31, 2018. (3) Net Premiums Earned divided by end of year Shareholders' Equity. The ratings reflect IGI's balance sheet strength...as well as its strong operating performance, limited business profile and appropriate enterprise risk management (¹) ABEST Equity to Net Loss Reserves 154% 130% 135% 146 % 157% 153% 153% m 2012 2013 2014 2015 2016 2017 2018 Management has a track record of utilizing world-class experts to ensure reliability and accuracy of financial reporting systems, controls and financial statements Adjusted equity as part of PCAOB audit to account for change in pipeline premiums and respective IBNR reserves 17

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