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.
Gross written premiums increased by 13.7% to $206.5 million in Q1 2025, primarily due to growth in the Reinsurance Segment.
Net income for Q1 2025 was $27.3 million, while core operating income was $19.5 million.
The combined ratio for Q1 2025 was 94.4%, an increase from 74.1% in Q1 2024, mainly due to higher loss activity and CAT losses.
Return on average equity was 16.7% and core operating return on average equity was 12.0% for the first quarter of 2025.
IGI remains positive about the year ahead despite challenging market conditions, focusing on intelligent risk selection, diversification, and returning excess capital to shareholders.
Analyze how earnings announcements historically affect stock price performance