International General Insurance Holdings Ltd. (IGIC) Balance Sheet
IGIC balance sheet, 2025
December 31, 2025 · U.S. dollars$2.10B assets = $1.39B liabilities + $710.1M equity
Both columns are drawn to the same scale: what IGIC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IGIC financial health
Descriptive bands, not a rating. Fiscal 2025.
IGIC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $189,1302016 | $2.10B2025 | +181.5%/yr | |
| Total liabilities | $167,0632016 | $1.39B2025 | +172.6%/yr | |
| Shareholders’ equity | $22,0672016 | $710.1M2025 | +216.8%/yr | |
| Cash & short-term investments | $25,0002016 | $380.8M2025 | +191.6%/yr | |
| Total debt | $167,0632016 | $1.6M2025 | +28.2%/yr | |
| Net cash (debt) | −$142,0632016 | $379.3M2025 | +$379.4M | |
| Working capital | −$142,0632016 | −$345.8M2025 | −$345.7M | |
| Book value per share | $0.002016 | $16.252025 | +261.6%/yr | |
| Debt / equity | 7.572016 | 0.002025 | −7.57 | |
| Shares outstanding | 143.4M2016 | 43.7M2025 | −12.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IGIC assets
IGIC liabilities and equity
IGIC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IGIC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $380.8M | $380.6M | $297.6M | $138.0M | $671.0M | $133.4M | $192.5M | $184.7M | $5,347 | $25,000 |
| Cash & equivalents | $186.2M | $155.2M | $177.0M | $122.1M | $231.7M | $133.4M | $192.5M | $184.7M | $5,347 | $25,000 |
| Short-term investments | $194.6M | $225.3M | $120.6M | $507.3M | $439.2M | $412.6M | $279.4M | $231.6M | — | — |
| Receivables | $523.3M | $481.7M | $468.3M | $404.8M | $179.4M | $171.9M | $117.6M | $110.7M | $1.3M | $80.4M |
| Inventory | $0 | $0 | −$765.9M | $137.29B | $14.9M | −$307.4M | −$33,563 | −$114,725 | $0 | $0 |
| Other current assets | $114.2M | $0 | $572.3M | $113.2M | $560,000 | $302.1M | $33,563 | $114,725 | $0 | $0 |
| Total current assets | $1.02B | $664.9M | $572.3M | $137.94B | $865.8M | $300.0M | $310.1M | $295.5M | $17,847 | $25,000 |
| Property, plant & equipment (net) | $0 | $0 | $26.1M | $13.4M | $14.9M | $13.2M | $12.7M | $12.2M | $13.1M | $14.1M |
| Goodwill & intangible assets | $70.6M | $67.1M | $703.9M | $3.6M | $4.3M | $4.7M | $3.9M | $2.9M | $34.9M | $29.2M |
| Long-term investments | $1.12B | $1.12B | $839.5M | $6.0M | $5.7M | $11.6M | $13.1M | $13.4M | $354.7M | $361.0M |
| Other non-current assets | $0 | $181.1M | $0 | $0 | $561.2M | $949.7M | $669.3M | $579.1M | $0 | $0 |
| Total assets | $2.10B | $2.04B | $1.52B | $1.56B | $1.45B | $1.28B | $1.01B | $903.1M | $240,867 | $189,130 |
| Liabilities | ||||||||||
| Accounts payable | $95.9M | $90.0M | $89.7M | $90.4M | $100.8M | $88.5M | $55.3M | $35.5M | $215.6M | $335.2M |
| Short-term debt | $1.3M | $2.9M | $966,000 | $986,000 | $1.0M | $761,000 | — | — | $204,563 | $167,063 |
| Deferred revenue | $469.9M | — | −$966,000 | — | −$1.0M | $82.7M | — | — | — | — |
| Total current liabilities | $1.36B | $661.9M | $582.5M | $87.8M | $100.8M | $83.5M | $55.3M | $35.5M | $235,097 | $167,063 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $0 | $0 | $0 |
| Lease obligations | — | — | — | $3.1M | $3.8M | $3.0M | $1.6M | — | — | — |
| Other long-term liabilities | $26.5M | $1.38B | $393.8M | $1.17B | $100.8M | $14.1M | $9.3M | $8.0M | $30,534 | $0 |
| Total liabilities | $1.39B | $1.38B | $976.4M | $1.13B | $1.05B | $884.6M | $696.9M | $602.0M | $235,097 | $167,063 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $428,000 | $500,000 | $445,000 | $460,000 | $500,000 | $486,000 | $143.4M | $143.4M | $431 | $431 |
| Retained earnings (deficit) | $612.6M | $531.7M | $423.0M | $307.2M | $232.5M | $205.0M | $182.2M | $169.4M | −$19,230 | −$2,933 |
| Treasury stock | — | — | — | — | — | — | −$20.1M | −$15.1M | — | — |
| Accumulated other comprehensive income | $10.3M | −$18.6M | −$20.6M | −$44.0M | $9.4M | $17.9M | $3.9M | $658,775 | $13.9M | $9.3M |
| Total shareholders' equity | $710.1M | $654.8M | $540.4M | $410.9M | $401.9M | $381.0M | $312.1M | $301.2M | $5,770 | $22,067 |
| Key figures | ||||||||||
| Total debt | $1.6M | $4.2M | $2.1M | $3.1M | $3.8M | $3.0M | $1.6M | $1.7M | $204,563 | $167,063 |
| Net cash (debt) | $379.3M | $376.3M | $295.5M | $134.9M | $667.2M | $130.4M | $190.9M | $183.0M | −$199,216 | −$142,063 |
| Working capital | −$345.8M | $3.1M | −$10.2M | $137.86B | $765.0M | $216.5M | $254.8M | $260.0M | −$217,250 | −$142,063 |
| Tangible book value | $639.5M | $587.7M | −$163.4M | $407.3M | $397.6M | $376.3M | $308.3M | $298.2M | −$34.9M | −$29.2M |
| Book value per share | $16.25 | $14.64 | $12.43 | $9.02 | $8.84 | $8.85 | $6.44 | $6.22 | $0.00 | $0.00 |
| Shares outstanding | 43.7M | 44.7M | 43.5M | 45.5M | 45.5M | 43.0M | 48.4M | 48.4M | 141.8M | 143.4M |
| Current ratio | 0.75 | 1.00 | 0.98 | 1,571.36 | 8.59 | 3.59 | 5.61 | 8.33 | 0.08 | 0.15 |
| Quick ratio | 0.66 | 1.30 | 1.31 | 6.18 | 8.44 | 3.66 | 5.61 | 8.33 | 5.34 | 481.21 |
| Debt / equity | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 35.45 | 7.57 |
| Equity / assets | 33.8% | 32.1% | 35.6% | 26.3% | 27.7% | 29.8% | 30.9% | 33.3% | 2.4% | 11.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.24B | $1.22B | $380.8M | $1.28B | $1.22B | $1.23B | $155.2M | $1.22B | $1.09B | $1.00B | $219.2M | $931.2M |
| Cash & equivalents | $197.2M | $160.5M | $186.2M | $190.7M | $164.8M | $103.1M | $155.2M | $160.5M | $167.6M | $150.2M | $177.0M | $114.8M |
| Short-term investments | $1.04B | $1.06B | $194.6M | $1.08B | $1.06B | $1.13B | $225.3M | $1.05B | $69.7M | $851.0M | $42.2M | $816.4M |
| Receivables | $615.7M | $583.0M | $523.3M | $543.6M | $596.4M | $570.6M | $481.7M | $469.9M | $497.1M | $493.8M | $468.3M | $461.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.59B | −$1.50B | $0 | −$503.8M |
| Other current assets | $110.9M | $104.1M | $114.2M | $126.0M | $119.3M | $105.8M | $0 | $122.3M | $539.8M | $485.9M | $0 | $503.8M |
| Total current assets | $1.97B | $1.91B | $1.02B | $1.95B | $1.94B | $1.91B | $155.2M | $1.81B | $539.8M | $485.9M | $219.2M | $1.39B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $859.2M | −$67.9M | $0 | −$68.8M |
| Goodwill & intangible assets | $79.6M | $78.1M | $70.6M | $71.5M | $73.2M | $75.9M | $67.1M | $67.5M | $70.4M | $706.5M | $0 | $68.8M |
| Long-term investments | $1.08B | $1.08B | $1.12B | $1.11B | $1.09B | $1.16B | $1.12B | $1.09B | $956.4M | $884.8M | $839.5M | $850.6M |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $690.8M | $0 | $0 | $0 | $458.1M | $0 |
| Total assets | $2.18B | $2.10B | $2.10B | $2.12B | $2.12B | $2.09B | $2.04B | $2.01B | $1.65B | $1.88B | $1.52B | $1.75B |
| Liabilities | ||||||||||||
| Accounts payable | $103.9M | $89.3M | $95.9M | $110.4M | $115.5M | $94.2M | $90.0M | $93.2M | $96.4M | $79.1M | $89.7M | $87.1M |
| Short-term debt | — | $1.3M | $1.3M | — | — | $2.9M | — | — | — | $966,000 | — | — |
| Deferred revenue | $533.9M | $507.5M | $469.9M | $486.2M | $521.7M | $502.6M | — | — | — | −$966,000 | — | — |
| Total current liabilities | $1.48B | $1.42B | $1.36B | $1.41B | $1.44B | $1.38B | — | $1.33B | $626.8M | $586.1M | — | $87.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $27.2M | $28.5M | $26.5M | $22.9M | $23.1M | $55.8M | $1.38B | $1.36B | $434.8M | $431.9M | $976.3M | $405.2M |
| Total liabilities | $1.51B | $1.45B | $1.39B | $1.44B | $1.46B | $1.44B | $1.38B | $1.36B | $1.06B | $1.32B | $976.3M | $87.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $400,000 | $400,000 | $428,000 | $400,000 | $446,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $400,000 | $400,000 |
| Retained earnings (deficit) | $600.5M | $582.8M | $612.6M | $582.5M | $551.2M | $519.4M | $531.7M | $502.8M | $469.3M | $437.2M | $423.1M | $390.7M |
| Accumulated other comprehensive income | −$4.7M | −$5.1M | $10.3M | $10.6M | $831,000 | −$8.5M | −$18.6M | $3.3M | −$23.9M | −$23.0M | −$20.6M | −$44.9M |
| Total shareholders' equity | $669.0M | $653.6M | $710.1M | $686.5M | $662.3M | $650.4M | $654.8M | $651.6M | $588.2M | $557.2M | $540.5M | $470.1M |
| Key figures | ||||||||||||
| Total debt | — | $1.6M | $1.6M | — | — | $2.9M | — | — | — | $2.1M | — | — |
| Net cash (debt) | — | $1.22B | $379.3M | — | — | $1.23B | — | — | — | $999.1M | — | — |
| Working capital | $484.6M | $485.0M | −$345.8M | $532.7M | $501.5M | $524.8M | — | $482.0M | −$87.0M | −$100.2M | — | $1.31B |
| Tangible book value | $589.4M | $575.5M | $639.5M | $615.0M | $589.1M | $574.5M | $587.7M | $584.1M | $517.8M | −$149.3M | $540.5M | $401.3M |
| Book value per share | $15.68 | $15.45 | $16.63 | $15.46 | $14.92 | $14.36 | $14.17 | $14.23 | $13.37 | $12.58 | $12.54 | $10.93 |
| Shares outstanding | 42.7M | 42.3M | 42.7M | 44.4M | 44.4M | 45.3M | 46.2M | 45.8M | 44.0M | 44.3M | 43.1M | 43.0M |
| Current ratio | 1.33 | 1.34 | 0.75 | 1.38 | 1.35 | 1.38 | — | 1.36 | 0.86 | 0.83 | — | 15.99 |
| Quick ratio | 1.25 | 1.27 | 0.66 | 1.29 | 1.27 | 1.30 | — | 1.27 | 2.53 | 2.55 | — | 15.99 |
| Debt / equity | — | 0.00 | 0.00 | — | — | 0.00 | — | — | — | 0.00 | — | — |
| Equity / assets | 30.7% | 31.1% | 33.8% | 32.4% | 31.2% | 31.1% | 32.1% | 32.4% | 35.7% | 29.6% | 35.6% | 26.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 21, 2026); data from EODHD.
IGIC financial position
At the end of fiscal 2025 (December 31, 2025), International General Insurance had total assets of $2.1 billion (up 3.1% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $710.1 million. It held $380.8 million in cash and short-term investments against $1.6 million of debt, a net cash position of $379.3 million. Its current ratio was 0.75. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $669.0 million.
Related: IGIC income statement, IGIC cash flow statement, IGIC key metrics. See the IGIC stock overview for the latest quote and news.
IGIC balance sheet FAQ
What are International General Insurance's total assets?
International General Insurance reported total assets of $2.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.
How much debt does International General Insurance have?
International General Insurance had $1.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does International General Insurance have?
International General Insurance held $380.8 million in cash and short-term investments at the end of fiscal 2025; with $1.6 million of debt that is net cash of $379.3 million.
What is International General Insurance's book value?
International General Insurance's shareholders' equity (book value) was $710.1 million at the end of fiscal 2025, or $16.25 per share.
What is International General Insurance's current ratio?
International General Insurance had current assets of $1.0 billion and current liabilities of $1.4 billion, a current ratio of 0.75 (current liabilities exceed current assets).
How much goodwill does International General Insurance have?
International General Insurance carried $70.6 million of goodwill and intangible assets, 3.4% of total assets, at the end of fiscal 2025.