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IGI Group premiums rise in Q2 2026, despite higher catastrophe losses
Gross written premiums increased to $201.7 million in Q2 2026, while the loss ratio climbed as catastrophe losses totaled 18.8%.
International General Insurance Holdings Ltd., also known as IGI Group, reported that gross written premiums (GWP) rose to $201.7 million for Q2 2026 from $187.8 million a year earlier, with half year GWP increasing to $398.9 million from $394.3 million, according to Reinsurance News.
IGI attributed the quarterly GWP increase to growth in its short-tail and reinsurance segments. Group-wide net premiums earned (NPE) also rose to $125.0 million in Q2 2026 from $115.0 million, and to $236.2 million in H1 2026 from $227.8 million.
Despite the premium growth, IGI’s underwriting income fell in Q2 2026 to $29.5 million from $35.0 million, while it increased in H1 2026 to $67.2 million from $63.0 million. The loss ratio was 57.9% for Q2 2026, including catastrophe losses of 18.8%, compared with 53.2% and 9.0% in Q2 2025.
Reinsurance News said IGI’s catastrophe losses were linked to the war in the Middle East for both periods, and noted that IGI’s reinsurance segment accounted for 20% of H1 2026 GWP. The reinsurance segment’s Q2 2026 GWP rose to $24.7 million from $16.3 million, helped by new business written in India after registration approval to operate in GIFT City during the quarter.