IGI Earnings Reports

IGI reported a net income of $27.3 million and core operating income of $19.5 million for the first quarter of 2025. Gross written premiums increased by 13.7% to $206.5 million, primarily driven by the Reinsurance Segment. The combined ratio was 94.4%, reflecting a higher level of loss activity compared to the previous year.

IGI reported strong financial results for the fourth quarter of 2024, with net income of $30.0 million and core operating income of $40.9 million. The company achieved a combined ratio of 77.8% and grew its book value per share by almost 20% for the full year.