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IGI Declares Extraordinary Cash Dividend and Regular Ordinary Common Share Dividend

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IGI (NASDAQ: IGIC) has announced two dividend distributions for shareholders: an extraordinary cash dividend of $0.85 per common share for Q4 2024, along with its regular quarterly dividend of $0.025 per share. The combined dividend payment of $0.875 per share will be distributed on April 22, 2025 to shareholders of record as of April 4, 2025.

IGI (NASDAQ: IGIC) ha annunciato due distribuzioni di dividendi per gli azionisti: un dividendo straordinario in contante di $0,85 per azione comune per il quarto trimestre del 2024, insieme al suo dividendo trimestrale regolare di $0,025 per azione. Il pagamento combinato del dividendo di $0,875 per azione sarà distribuito il 22 aprile 2025 agli azionisti registrati al 4 aprile 2025.

IGI (NASDAQ: IGIC) ha anunciado dos distribuciones de dividendos para los accionistas: un dividendo extraordinario en efectivo de $0.85 por acción común para el cuarto trimestre de 2024, junto con su dividendo trimestral regular de $0.025 por acción. El pago combinado del dividendo de $0.875 por acción se distribuirá el 22 de abril de 2025 a los accionistas registrados hasta el 4 de abril de 2025.

IGI (NASDAQ: IGIC)는 주주를 위한 두 가지 배당금 분배를 발표했습니다: 2024년 4분기에 대한 보통주당 특별 현금 배당금 $0.85와 함께 정기 분기 배당금 $0.025를 제공합니다. 주당 총 배당금 $0.875는 2025년 4월 22일에 2025년 4월 4일 기준 주주에게 분배됩니다.

IGI (NASDAQ: IGIC) a annoncé deux distributions de dividendes pour les actionnaires : un dividende exceptionnel en espèces de 0,85 $ par action ordinaire pour le quatrième trimestre de 2024, ainsi que son dividende trimestriel régulier de 0,025 $ par action. Le paiement combiné du dividende de 0,875 $ par action sera distribué le 22 avril 2025 aux actionnaires enregistrés au 4 avril 2025.

IGI (NASDAQ: IGIC) hat zwei Dividendenzahlungen für Aktionäre angekündigt: eine außerordentliche Bar-Dividende von $0,85 pro Stammaktie für das 4. Quartal 2024, zusammen mit der regelmäßigen vierteljährlichen Dividende von $0,025 pro Aktie. Die kombinierte Dividendenzahlung von $0,875 pro Aktie wird am 22. April 2025 an die Aktionäre ausgezahlt, die am 4. April 2025 registriert sind.

Positive
  • Substantial extraordinary dividend of $0.85 per share indicates strong cash position
  • Total dividend distribution of $0.875 per share represents significant return to shareholders
  • Maintenance of regular quarterly dividend shows consistent shareholder returns
Negative
  • None.

HAMILTON, Bermuda--(BUSINESS WIRE)-- International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has declared an extraordinary cash dividend of $0.85 per common share for the period October 1, 2024 – December 31, 2024, in addition to the Company’s regular quarterly common share dividend of $0.025 per share.

The extraordinary dividend plus the regular quarterly dividend, totaling $0.875, is payable on April 22, 2025 to shareholders of record at the close of business on April 4, 2025.

About IGI:

IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, marine liability and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A-”(Strong)/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.

Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “commitment,” “able,” “success” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI’s services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably, and IGI’s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) risks related to fluctuations in global currencies including the UK Pound Sterling, the Euro, and the U.S. Dollar; (5) the outcome of any legal proceedings that may be instituted against the Company; (6) the effects of the war between Russia and Ukraine; (7) the effects of the hostilities between Israel, Hamas, Hezbollah, and Iran; (8) the inability to maintain the listing of the Company’s common shares on Nasdaq; and (9) other risks and uncertainties indicated in IGI’s filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI’s financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except to the extent that is required by law.

IGI Contacts:

Investors:

Robin Sidders, Head of Investor Relations

M: + 44 (0) 7384 514785

Email: robin.sidders@iginsure.com

Media:

Aaida Abu Jaber, AVP PR & Marketing

T: +96265662082 Ext. 407

M: +962770415540

Email: aaida.abujaber@iginsure.com

Source: International General Insurance Holdings Ltd.

FAQ

What is the total dividend amount announced by IGI (NASDAQ: IGIC) for Q4 2024?

IGI announced a total dividend of $0.875 per share, consisting of an extraordinary dividend of $0.85 and a regular quarterly dividend of $0.025.

When is the record date for IGI's (NASDAQ: IGIC) extraordinary and regular dividend payment?

The record date is April 4, 2025, for both the extraordinary and regular dividend payments.

When will IGI (NASDAQ: IGIC) pay its extraordinary and regular dividend for Q4 2024?

The combined dividend payment will be made on April 22, 2025.

How much is IGI's (NASDAQ: IGIC) regular quarterly dividend payment?

IGI's regular quarterly dividend payment is $0.025 per share.
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