IGI reported Q1 2026 unaudited results with underwriting income of $37.7 million, combined ratio of 89.1%, net income of $21.7 million, and returned $65 million to shareholders via repurchases and dividends.
Key takeaways
Gross written premiums $197.2M, down from $206.5M due to non-renewal of two reinsurance programs.
Underwriting income rose to $37.7M from $27.9M, with combined ratio improving to 89.1% from 94.4%.
Net income $21.7M and diluted EPS $0.49, versus $27.3M and $0.59 in Q1 2025.
Core operating income $24.4M and core EPS $0.56, up from $19.5M and $0.42 prior year.
Returned ~$65M to shareholders including $1.15 extraordinary dividend and repurchased 545k shares.
CAT losses $21.3M mainly from Middle East war, impacting short-tail segment.