International General Insurance Holdings reported a fall in net income and gross written premium for 2025.

The Bermudian-based insurer and reinsurer posted a $127.2 million profit for the year, compared with $135.2 million in 2024, while gross written premium declined more than 4.7 per cent to $666.7 million.

For the fourth quarter, net income improved to $32.3 million from $30 million.

Full-year combined ratio was 85.9 per cent, while core operating return on average equity was 16.8 per cent.

Waleed Jabsheh, IGI Group’s chief executive, described the results as “excellent”.

“This demonstrates the strong execution and cycle management culture we have at IGI, the benefits of our diversification strategy and the value that we continue to deliver to our shareholders,” Mr Jabsheh added.

“Our combined ratio of 85.9 per cent and net income of $127.2 million resulted in a return on average equity of 18.6 per cent and a core operating return on average equity of 16.8 per cent for the current year, well above our ten-year average.

“In addition, we grew our book value per share during the year to $16.91 at December 31, 2025, while returning over $108 million to shareholders in share repurchases and dividends.

“We have built a level of resilience across our company with the right strategy, exceptional talent and strong execution and capital management capabilities, all of which we believe will continue to hold us in good stead for the years ahead.”