IGI Q4 profit rockets to $25.7mn on investments, NEP growth
International General Insurance (IGI) has reported a Q4 profit of $25.7mn, almost three times that of the prior-year quarter, as the carrier benefited from investment gains and currency fluctuations, as well as an increase in net earned premium (NEP).
Underwriting: IGI booked an underwriting result of $24.7mn for Q4, down 19.3% year on year. The carrier said the decrease was due to a higher level of net claims and adjustment expenses, although the impact was partly offset by...
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