Business & Money | Sunday 26 April, 2015 3:42 pm |

International General Insurance Holdings Limited (IGIH) today reported earnings for the 2014 financial year. The Group announced net earnings of US$ 34.34 million for the financial year of 2014, an increase of 9.9% compared to US$ 31.26 million for the financial year of 2013.

Commenting on the results, Mr. 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.” He further went on to say, “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.”

The Board of Directors of IGIH has proposed at its meeting of today dividends of US$ 0.04 a share for the 2nd half year ended 31st December, 2014. This brings the total dividend to US$ 0.09 per share for 2014.