IGI Reports Preliminary Condensed Unaudited Financial Results for the Full Year 2019 and Issues Updated Business Outlook Guidance
TIBERIUS ACQUISITION CORP COMMON (TIBR)
Company Research
Source: Business Wire
DUBAI, United Arab Emirates--(BUSINESS WIRE)--International General Insurance Holdings Limited (“IGI” or the “Company”) today reported preliminary condensed unaudited financial results for the full year 2019.Highlights of full year 2019 unaudited results include: Reported IFRS profit after tax of $23.5 million for the year ended December 31, 2019, compared to $25.5 million for the year ended December 31, 2018Net written premiums of $252.1 million for the year ended December 31, 2019, compared to $203.4 million for the year ended December 31, 2018, reflecting year over year growth of 24% Total investment income, Net, of $10.7 million for the year ended December 31, 2019, compared to $9.1 million for the year ended December 31, 2018 Increase in total book value per share to $2.33 at December 31, 2019 compared to $2.21 at December 31, 2018Total value creation of 8.8% (defined as growth in tangible book value per share plus dividends per share) for the year ended December 31, 2019Core
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