IGI SPAC Presentation Deck
History of Consistent Favorable Reserve Development
($mm)
NPE
Accident Year
Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9
Yr 10
Yr 11
Accident Year
Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9
Yr 10
Yr 11
Accident Year
Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9
Yr 10
Yr 11
2009
$97.3
2009
63.3
52.1
46.9
48.9
48.7
48.3
48.3
48.2
48.7
49.4
49.5
2009
($11.2)
($5.2)
$2.0
($0.2)
($0.4)
$0.0
Note: Data as of June 30, 2019.
($0.2)
$0.5
$0.7
$0.1
2009
65%
54%
48%
50%
50%
50%
50%
50%
50%
51%
51%
2010
$97.7
2010
71.4
63.5
62.0
58.9
58.2
60.1
58.6
58.7
58.5
58.5
2010
($7.9)
($1.5)
($3.1)
($0.7)
$2.0
($1.5)
$0.1
($0.2)
($0.0)
2010
73%
65%
63%
60%
60%
62%
60%
60%
60%
60%
2011
$119.3
2011
76.2
60.6
59.6
60.7
62.3
59.8
60.3
58.1
57.6
2011
($15.7)
($1.0)
$1.1
$1.6
($2.4)
$0.5
($2.2)
($0.5)
2011
64%
51%
50%
51%
52%
50%
51%
49%
48%
2012
$148.4
2012
100.1
88.1
78.1
81.5
77.3
77.8
76.8
76.7
2012
($12.0)
($10.0)
$3.4
($4.3)
$0.5
($1.0)
($0.1)
2012
67%
59%
53%
55%
52%
52%
52%
52%
2013
$180.6
Accident Year - Net Incurred Losses
2013
2014
123.6
115.9
121.7
90.1
120.6
79.2
117.1
109.5
107.7
106.5
($1.9)
($1.1)
2014
$189.5
($3.5)
($7.6)
($1.8)
($1.2)
73.3
70.1
69.7
Accident Year - Net Incurred Loss Development
2013
2014
2013
68%
67%
67%
65%
61%
60%
59%
2015
$155.8
($25.8)
($10.9)
($6.0)
($3.2)
($0.4)
2015
92.9
87.0
79.8
75.3
74.1
International General Insurance Holdings Limited
2015
Accident Year - Net Incurred Loss Ratio
2014
61%
48%
42%
39%
37%
37%
($5.9)
($7.1)
($4.5)
($1.2)
2015
60%
56%
51%
48%
48%
2016
$157.9
2016
98.8
94.1
90.1
88.9
2016
($4.7)
($4.0)
($1.2)
2016
63%
60%
57%
56%
2017
$146.7
2017
110.3
117.2
119.9
2017
$6.8
$2.7
2017
75%
80%
82%
2018
$183.3
2018
94.3
97.1
2018
$2.8
2018
51%
53%
6/30/2019
$103.5
6/30/2019
54.1
6/30/2019
6/30/2019
52%
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