International General Insurance Holdings Ltd (IGIC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of International General Insurance Holdings Ltd stock $24.14, price $23.54, upside +2.5%, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $5.40 – $28.93 · fair‑value band $18.36 – $37.64 · the $23.54 price screens below the $24.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions in the United Kingdom, Europe, Central and South America, the Middle East and Africa.
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The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance.
It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, marine, and treaty reinsurance.
The company was founded in 2001 and is based in Amman, Jordan.
Stock analysis
International General Insurance Holdings Ltd (IGIC) currently trades at $23.54, while our model-based Fair Value estimate is $24.14, so the stock looks roughly fairly valued today (gap 2.5%).
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Valuation
Bull case: the Multiples group reads highest at a median of $27.73 per share, and 2 of the 6 models we run sit above the $23.54 price.
Bear case: the Asset-Based group reads lowest at $10.12, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $18.36 (bear) to $37.64 (bull), the price of $23.54 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
International General Insurance Holdings Ltd reported revenue of $517M in FY2025 versus $347M in FY2021, a compound +10.5%/yr. Reported net income was $127M in FY2025, compounding +28.4%/yr from FY2021.
Key figures
Market cap $1.0B Small · P/E ratio 9.8 · P/S ratio 1.88 · EPS (TTM) $2.41 · Dividend yield 0.6% · Net margin 19.2% · Return on equity 15.2% · Return on assets (EBIT) 6.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 3%, IGIC screens cheaper than that median.
Fair Value models
Bear$18.36Fair Value $24.14Bull$37.64
Price $23.54 · Upside +2.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.94 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
Start year 2020 (pandemic). Over 10 years: +11.9% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+31.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.1%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35.7% vs 28.5%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 25%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −14.6% a year for the price.
Compare International General Insurance Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Diversified · 73 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+2.5% · Above median
Profitability
Return on equity (12 months)15.2% · Above median
Return on assets6.1% · Top 25%
Net margin (12 months)19.2% · Top 25%
Operating margin (12 months)20.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.9% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
P/E (12 months)9.8× · Cheaper than median
P/B1.41× · Cheaper than median
P/S (12 months)1.88× · Priciest 25%
Price / free cash flow (fiscal year)9.4× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "International General Insurance Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IGIC
Frequently asked questions
Is International General Insurance Holdings Ltd (IGIC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $24.14 versus a price of $23.54, about +3% upside (fairly valued).
What is the fair value of IGIC?
Our model-based fair value for International General Insurance Holdings Ltd is $24.14 (as of Nov 6, 2026), built from audited fundamentals. The current price: $23.54.
What is the quality score of IGIC?
International General Insurance Holdings Ltd has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for International General Insurance Holdings Ltd (IGIC)?
Our model-based price target is the fair value of $24.14 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario $18.36, optimistic scenario $37.64. It is a calculation from audited fundamentals, not an analyst target.
What is the International General Insurance Holdings Ltd stock forecast for 2026?
Our models put fair value at $24.14, about +3% upside versus a price of $23.54 (fairly valued). Cautious scenario $18.36, optimistic scenario $37.64. The calculation is refreshed regularly with new filings.
What is the revenue of International General Insurance Holdings Ltd (IGIC)?
International General Insurance Holdings Ltd reported trailing-twelve-month revenue of about $536M (latest available figure, as of Nov 6, 2026).
Does International General Insurance Holdings Ltd pay a dividend?
International General Insurance Holdings Ltd currently shows a dividend yield of 0.64% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of International General Insurance Holdings Ltd (IGIC) and when is the ex-dividend date?
International General Insurance Holdings Ltd pays a dividend of $0.15 per share a year, a dividend yield of 0.6%. The next ex-dividend date is Nov 17, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 6.2% of earnings. Free cash flow covers the dividend 16.89 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into International General Insurance Holdings Ltd (IGIC)?
For today's price to be fair in a discounted-cash-flow model, International General Insurance Holdings Ltd would have to grow free cash flow by -12.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of IGIC use?
Our models discount International General Insurance Holdings Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.07, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For International General Insurance Holdings Ltd that is -12.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has International General Insurance Holdings Ltd (IGIC) delivered so far?
Over the past 5 years revenue at International General Insurance Holdings Ltd grew +10.9 % a year. The price currently implies free-cash-flow growth of -12.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of International General Insurance Holdings Ltd (IGIC) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into International General Insurance Holdings Ltd (-12.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of International General Insurance Holdings Ltd (IGIC)?
The free-cash-flow yield on the price is 10.68 %: that much free cash flow International General Insurance Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of International General Insurance Holdings Ltd (IGIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For International General Insurance Holdings Ltd it is $24.14 per share (as of Nov 6, 2026), against a price of $23.54. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is International General Insurance Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IGIC trades below its calculated fair value: price $23.54, fair value $24.14, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IGIC?
No. The price is what the market pays today ($23.54); the fair value is what the company's own numbers justify ($24.14). For International General Insurance Holdings Ltd the two are $0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is International General Insurance Holdings Ltd worth?
The market values International General Insurance Holdings Ltd at about $1.0B (market capitalisation, as of Nov 6, 2026). Per share that is $23.54; our models calculate a fair value of $24.14 per share.
What do the bullish and bearish scenarios say about IGIC?
Our models span a range for International General Insurance Holdings Ltd: cautious scenario $18.36, base $24.14, optimistic $37.64 per share (as of Nov 6, 2026, price $23.54). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGIC?
International General Insurance Holdings Ltd trades at a price-to-earnings ratio of 9.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $24.14 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2020, FY2023, FY2025 ex one-offs: 7.9. Other multiples: P/B 1.4, P/S 1.9, EV/EBITDA 7.3.
How solid is the balance sheet of International General Insurance Holdings Ltd (IGIC)?
Balance-sheet figures for International General Insurance Holdings Ltd (as of Nov 6, 2026): return on equity 15.2%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is IGIC from its 52-week high?
International General Insurance Holdings Ltd trades at $23.54, about 19% below its 52-week high of $28.93 and 13% above the low of $20.75 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $24.14 is for.
Which stocks are comparable to International General Insurance Holdings Ltd?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is International General Insurance Holdings Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price $23.54, calculated fair value $24.14 (+3%), Quality Score 65/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IGIC calculated?
We run International General Insurance Holdings Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $24.14 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. International General Insurance Holdings Ltd currently trades 2% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of International General Insurance Holdings Ltd (IGIC)?
The closing price on Nov 6, 2026 was $23.54. Our model-based fair value is $24.14, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with International General Insurance Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($18.36 to $37.64) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of International General Insurance Holdings Ltd
How large is the market capitalisation of International General Insurance Holdings Ltd (IGIC)?
The market capitalisation of International General Insurance Holdings Ltd is $1.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of International General Insurance Holdings Ltd (IGIC)?
The price-to-sales ratio of International General Insurance Holdings Ltd is 1.88 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of International General Insurance Holdings Ltd (IGIC)?
Earnings per share at International General Insurance Holdings Ltd are $2.41 (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of International General Insurance Holdings Ltd (IGIC)?
The dividend yield of International General Insurance Holdings Ltd is 0.6% (payout 6.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of International General Insurance Holdings Ltd (IGIC)?
The net margin of International General Insurance Holdings Ltd is 19.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of International General Insurance Holdings Ltd (IGIC)?
The return on equity (ROE) of International General Insurance Holdings Ltd is 15.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of International General Insurance Holdings Ltd (IGIC)?
On an EBIT basis the return on assets of International General Insurance Holdings Ltd is 6.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of International General Insurance Holdings Ltd (IGIC)?
The operating margin of International General Insurance Holdings Ltd is 20.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at International General Insurance Holdings Ltd (IGIC)?
Revenue at International General Insurance Holdings Ltd is growing +8.9% versus a year earlier (3y avg +9.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at International General Insurance Holdings Ltd (IGIC)?
Earnings per share at International General Insurance Holdings Ltd are growing −12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does International General Insurance Holdings Ltd (IGIC) hold?
International General Insurance Holdings Ltd holds more cash than debt, $186M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026