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IGIH posts $34m net profit, up 9.9pc

AMMAN, April 28, 2015

International General Insurance Holdings Limited (IGIH) has posts a net profit of $34.34 million for last year, a 9.9 per cent compared to $31.26 million in the previous year.

The firm’s board has proposed dividends of $0.04 a share for the for the second half of the year ended December 31, bring the total dividend to $0.09 per share for the year, said a statement.

Wasef Jabsheh, vice chairman and chief executive officer of IGIH, said: “2014 was another stellar year for IGI albeit being in a soft market environment. IGI’s strategy and underwriting discipline has again proven that it is capable of dealing with the current market cycle.

“Although we continue to see pricing pressure in 2015, IGI has demonstrated that it can adapt and generate shareholder returns without assuming more risk on its underwriting or investments.” - TradeArabia News Service




Tags: increase | profit | Net | IGIH |

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