IGI SPAC Presentation Deck slide image

IGI SPAC Presentation Deck

7 Underwriting Expertise & Limited Investment Risk Drive Value Creation Combined Ratio (2009-2018) 90% 97% IGI Average Combined Ratio 2009 100 100 '02 90.5% 95%93% 111 100 '03 2010 133 107% 100 '04 87% 2011 92%89% 2012 172 69 100 '06 212 104 100 '07 Investment Portfolio(1) Equity Other 5% 2% Real Estate 9% Gov. & Corp. Fixed Income 33% 88%88% IGI Combined Ratio Compared to Industry Cash & S-T 51% IGI 2018Y Yield: 2.2% 181 67 100 '08 90%86% 2013 2014 2015 ■AM Best Global Reinsurance Index■IGI IGI Total Value Creation per Share Since Inception (²) 2002-2018 TVC CAGR: 10% 90%84% 222 105 100 246 95%87% 125 100 285 2016 International General Insurance Holdings Limited 331 Total Value Creation CAGR (2009-2018)(²) 185 100 '13 110%105% 2017 9.9% I 366 61 205 IGI 100 '14 95% 89% 200 161 154 58 87 100 100 100 100 '05 '10 '11 '12 '16 '09 Tangible Book Value Per Share Increase ■Indexed Value ■ Dividends Source: IGI annual reports, SNL Financial. 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) Portfolio composition and yield for IGI as of and for the twelve months ended December 31, 2018. (2) Total Value Creation defined as Tangible Book Value per Share growth plus cumulative dividends. Indexed to 100. (3) Peers include ARGO, HSX, LRE, BEZ, RLI, JRVR, KNSL, AXS, ACGL, MKL, WRB, RE, and RNR. 373 73 200 2018 100 '15 418 89 9.0% 229 Peer Median Peer 10-Yr Avg: 95% IGI 10-Yr Avg: 91% 430 102 (3) 228 100 '17 450 106 244 100 '18 18
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