2023 Q4 Form 20-F Financial Statement

#000121390024031166 Filed on April 08, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $129.1M $496.6M $103.6M
YoY Change 24.58% 25.33% 17.67%
Cost Of Revenue $74.98M
YoY Change 6.8%
Gross Profit $421.6M
YoY Change 393.29%
Gross Profit Margin 84.9%
Selling, General & Admin $22.63M $78.93M $18.20M
YoY Change 24.32% 11.64% -4.35%
% of Gross Profit 18.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.546M
YoY Change -30.63%
% of Gross Profit 0.6%
Operating Expenses $96.74M $351.0M $90.80M
YoY Change 6.54% 17.56% 18.57%
Operating Profit -$345.9M
YoY Change 62.3%
Interest Expense $2.319M -$19.48M $14.80M
YoY Change -84.33% 109.47% -492.99%
% of Operating Profit
Other Income/Expense, Net $5.594M $4.586M
YoY Change -1218.8% 148.7%
Pretax Income $34.65M $126.0M $27.50M
YoY Change 25.99% 43.73% 188.17%
Income Tax $1.654M $7.854M $1.800M
% Of Pretax Income 4.77% 6.23% 6.55%
Net Earnings $31.00M $110.7M $23.80M
YoY Change 30.23% 40.12% 158.81%
Net Earnings / Revenue 24.02% 22.29% 22.97%
Basic Earnings Per Share $2.58
Diluted Earnings Per Share $0.72 $2.55 $0.53
COMMON SHARES
Basic Shares Outstanding 46.07M shares 42.94M shares
Diluted Shares Outstanding 43.47M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $177.0M $177.0M $138.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.083M $28.50M
YoY Change -92.69% -8.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $850.5M $850.5M $540.7M
YoY Change 57.3% 57.3% 13.61%
Other Assets $4.157M $22.16M $5.700M
YoY Change -27.07% 288.74% 1110.19%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.838B $1.838B $1.561B
YoY Change 17.73% 17.73% 7.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.133M $0.00
YoY Change
Other Long-Term Liabilities $52.14M $50.01M $55.90M
YoY Change -6.72% -10.54% 0.36%
Total Long-Term Liabilities $52.14M $52.14M $55.90M
YoY Change -6.72% -6.72% 0.36%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $52.14M $52.14M $55.90M
Total Liabilities $1.297B $1.297B $1.131B
YoY Change 14.69% 14.69% 7.76%
SHAREHOLDERS EQUITY
Retained Earnings $423.0M $306.6M
YoY Change 37.98%
Common Stock $445.0K $460.0K
YoY Change -3.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.00K $14.00K
YoY Change 250.0%
Treasury Stock Shares
Shareholders Equity $540.4M $540.4M $429.8M
YoY Change
Total Liabilities & Shareholders Equity $1.838B $1.838B $1.561B
YoY Change 17.73% 17.73% 7.53%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $31.00M $110.7M $23.80M
YoY Change 30.23% 40.12% 158.81%
Depreciation, Depletion And Amortization $2.546M
YoY Change -30.63%
Cash From Operating Activities $196.6M
YoY Change -330.36%
INVESTING ACTIVITIES
Capital Expenditures $3.248M
YoY Change 156.56%
Acquisitions $1.101M
YoY Change
Other Investing Activities -$87.12M
YoY Change -335165.38%
Cash From Investing Activities -$90.37M
YoY Change 7187.5%
FINANCING ACTIVITIES
Cash Dividend Paid $1.749M
YoY Change -82.77%
Common Stock Issuance & Retirement, Net -$47.41M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.16M
YoY Change 245.03%
NET CHANGE
Cash From Operating Activities 196.6M
Cash From Investing Activities -90.37M
Cash From Financing Activities -49.16M
Net Change In Cash 57.08M
YoY Change -156.61%
FREE CASH FLOW
Cash From Operating Activities $196.6M
Capital Expenditures $3.248M
Free Cash Flow $193.4M
YoY Change -323.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Document Type
DocumentType
20-F
CY2023 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-39255
CY2023 dei Entity Registrant Name
EntityRegistrantName
International General Insurance Holdings Ltd.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
D0
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
74 Abdel Hamid Sharaf Street
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
P.O. Box 941428
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Amman 11194
CY2023 dei Entity Address Country
EntityAddressCountry
JO
CY2023 dei Security12b Title
Security12bTitle
Common shares, $0.01 par value per share
CY2023 dei Trading Symbol
TradingSymbol
IGIC
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46074179 shares
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023 dei Auditor Firm
AuditorFirmId
1438
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2023 dei Auditor Location
AuditorLocation
London, United Kingdom
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
789619000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
538311000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
353000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
195000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
765590000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
489081000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
24056000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
31906000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
26208000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
31410000 usd
CY2023Q4 igic Available For Sales Securities Amortized Cost
AvailableForSalesSecuritiesAmortizedCost
11302000 usd
CY2022Q4 igic Available For Sales Securities Amortized Cost
AvailableForSalesSecuritiesAmortizedCost
12996000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
11060000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
12237000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
42157000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
265691000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
105137000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
31335000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
3522000 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
4907000 usd
CY2023Q4 igic Fixed Maturity Securities Held To Maturity
FixedMaturitySecuritiesHeldToMaturity
1994000 usd
CY2022Q4 igic Fixed Maturity Securities Held To Maturity
FixedMaturitySecuritiesHeldToMaturity
1994000 usd
CY2023Q4 us-gaap Investments
Investments
955668000 usd
CY2022Q4 us-gaap Investments
Investments
836655000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177022000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122143000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
11471000 usd
CY2022Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
6301000 usd
CY2023Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
11302000 usd
CY2022Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
9085000 usd
CY2023Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
245217000 usd
CY2022Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
210402000 usd
CY2023Q4 igic Reinsurance Recoverables Net Of Allowance For Credit Losses
ReinsuranceRecoverablesNetOfAllowanceForCreditLosses
4034000 usd
CY2022Q4 igic Reinsurance Recoverables Net Of Allowance For Credit Losses
ReinsuranceRecoverablesNetOfAllowanceForCreditLosses
3954000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
223083000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
194412000 usd
CY2023Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
98013000 usd
CY2022Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
94409000 usd
CY2023Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
65272000 usd
CY2022Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
57941000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
4157000 usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5788000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
57997000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
51974000 usd
CY2023Q4 us-gaap Assets
Assets
1837900000 usd
CY2022Q4 us-gaap Assets
Assets
1580025000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
712098000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
636245000 usd
CY2023Q4 us-gaap Unearned Premiums
UnearnedPremiums
443525000 usd
CY2022Q4 us-gaap Unearned Premiums
UnearnedPremiums
389860000 usd
CY2023Q4 us-gaap Ceded Premiums Payable
CededPremiumsPayable
89704000 usd
CY2022Q4 us-gaap Ceded Premiums Payable
CededPremiumsPayable
90354000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
34853000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
28821000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
17290000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
23805000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1297470000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1169085000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44500879 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44500879 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46013309 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46013309 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
445000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
460000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
137623000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
147934000 usd
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
3800 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1668 shares
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
49000 usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
14000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20638000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-44044000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
423049000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
306604000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
540430000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
410940000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1837900000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1580025000 usd
CY2023 us-gaap Premiums Written Gross
PremiumsWrittenGross
688678000 usd
CY2022 us-gaap Premiums Written Gross
PremiumsWrittenGross
581983000 usd
CY2021 us-gaap Premiums Written Gross
PremiumsWrittenGross
537236000 usd
CY2023 us-gaap Ceded Premiums Written
CededPremiumsWritten
191465000 usd
CY2022 us-gaap Ceded Premiums Written
CededPremiumsWritten
189158000 usd
CY2021 us-gaap Ceded Premiums Written
CededPremiumsWritten
157923000 usd
CY2023 us-gaap Premiums Written Net
PremiumsWrittenNet
497213000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
392825000 usd
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
379313000 usd
CY2023 igic Net Change In Unearned Premiums
NetChangeInUnearnedPremiums
50061000 usd
CY2022 igic Net Change In Unearned Premiums
NetChangeInUnearnedPremiums
16434000 usd
CY2021 igic Net Change In Unearned Premiums
NetChangeInUnearnedPremiums
42682000 usd
CY2023 us-gaap Premiums Earned Net
PremiumsEarnedNet
447152000 usd
CY2022 us-gaap Premiums Earned Net
PremiumsEarnedNet
376391000 usd
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
336631000 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
40460000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
20947000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
14487000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
6723000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-687000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
308000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2684000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5512000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
27000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-57000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-16000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23406000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3709000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
368000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-361000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-66000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
27289000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4603000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-670000 usd
CY2023 us-gaap Other Income
OtherIncome
1862000 usd
CY2022 us-gaap Other Income
OtherIncome
2442000 usd
CY2021 us-gaap Other Income
OtherIncome
2056000 usd
CY2023 us-gaap Revenues
Revenues
471960000 usd
CY2022 us-gaap Revenues
Revenues
397823000 usd
CY2021 us-gaap Revenues
Revenues
350377000 usd
CY2023 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
189087000 usd
CY2022 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
157562000 usd
CY2021 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
173039000 usd
CY2023 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
74976000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
70199000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
59622000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
78927000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67243000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58228000 usd
CY2023 us-gaap Other General Expense
OtherGeneralExpense
2452000 usd
CY2022 us-gaap Other General Expense
OtherGeneralExpense
3238000 usd
CY2021 us-gaap Other General Expense
OtherGeneralExpense
3262000 usd
CY2023 us-gaap Other Expenses
OtherExpenses
5594000 usd
CY2022 us-gaap Other Expenses
OtherExpenses
3961000 usd
CY2021 us-gaap Other Expenses
OtherExpenses
4230000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5124000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3454000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3368000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-345912000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-305657000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-301749000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
126048000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92166000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48628000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7854000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2932000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1814000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.58
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.55
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
23379000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-49073000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-9979000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-49130000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9995000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
141600000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40104000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
36819000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
358198000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-9995000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
36819000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1193000 usd
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.33
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15128000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
381082000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-49130000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40104000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2300000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2394000 usd
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.22
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10152000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
410940000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
23406000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
141600000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3249000 usd
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31090000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
17480000 usd
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1749000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
540430000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2546000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3082000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2771000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1441000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-307000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-462000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
89000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-112000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-10000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
6723000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-687000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
308000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2684000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5512000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3709000 usd
CY2023 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
-368000 usd
CY2022 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
361000 usd
CY2021 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
66000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
27289000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4603000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-670000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
3249000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2300000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1193000 usd
CY2023 us-gaap Other Noncash Expense
OtherNoncashExpense
771000 usd
CY2022 us-gaap Other Noncash Expense
OtherNoncashExpense
963000 usd
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
1047000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2083000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2191000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1703000 usd
CY2023 igic Tax Adjustment Due To Conversion
TaxAdjustmentDueToConversion
1949000 usd
CY2022 igic Tax Adjustment Due To Conversion
TaxAdjustmentDueToConversion
-665000 usd
CY2021 igic Tax Adjustment Due To Conversion
TaxAdjustmentDueToConversion
-138000 usd
CY2023 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
34815000 usd
CY2022 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
8625000 usd
CY2021 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
18818000 usd
CY2023 igic Increase Decrease In Reinsurance Recoverables
IncreaseDecreaseInReinsuranceRecoverables
28671000 usd
CY2022 igic Increase Decrease In Reinsurance Recoverables
IncreaseDecreaseInReinsuranceRecoverables
3857000 usd
CY2021 igic Increase Decrease In Reinsurance Recoverables
IncreaseDecreaseInReinsuranceRecoverables
-17140000 usd
CY2023 igic Increase Decrease In Ceded Unearned Premiums
IncreaseDecreaseInCededUnearnedPremiums
3604000 usd
CY2022 igic Increase Decrease In Ceded Unearned Premiums
IncreaseDecreaseInCededUnearnedPremiums
9046000 usd
CY2021 igic Increase Decrease In Ceded Unearned Premiums
IncreaseDecreaseInCededUnearnedPremiums
8254000 usd
CY2023 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
7331000 usd
CY2022 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
1174000 usd
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
9514000 usd
CY2023 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
4909000 usd
CY2022 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
831000 usd
CY2021 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
492000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1809000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2144000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-499000 usd
CY2023 igic Increase Decrease In Reserve For Unpaid Loss And Loss Adjustment Expenses
IncreaseDecreaseInReserveForUnpaidLossAndLossAdjustmentExpenses
-75853000 usd
CY2022 igic Increase Decrease In Reserve For Unpaid Loss And Loss Adjustment Expenses
IncreaseDecreaseInReserveForUnpaidLossAndLossAdjustmentExpenses
-58598000 usd
CY2021 igic Increase Decrease In Reserve For Unpaid Loss And Loss Adjustment Expenses
IncreaseDecreaseInReserveForUnpaidLossAndLossAdjustmentExpenses
-79065000 usd
CY2023 us-gaap Increase Decrease In Option Premium Contracts Payable
IncreaseDecreaseInOptionPremiumContractsPayable
53665000 usd
CY2022 us-gaap Increase Decrease In Option Premium Contracts Payable
IncreaseDecreaseInOptionPremiumContractsPayable
25480000 usd
CY2021 us-gaap Increase Decrease In Option Premium Contracts Payable
IncreaseDecreaseInOptionPremiumContractsPayable
50650000 usd
CY2023 igic Increase Decrease In Insurance And Reinsurance Payables
IncreaseDecreaseInInsuranceAndReinsurancePayables
-650000 usd
CY2022 igic Increase Decrease In Insurance And Reinsurance Payables
IncreaseDecreaseInInsuranceAndReinsurancePayables
-2516000 usd
CY2021 igic Increase Decrease In Insurance And Reinsurance Payables
IncreaseDecreaseInInsuranceAndReinsurancePayables
2167000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-913000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1035000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-781000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6032000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-170000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
7619000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196608000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154877000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
175292000 usd
CY2023 igic Purchase Of Equity Securities And Other Investments
PurchaseOfEquitySecuritiesAndOtherInvestments
17368000 usd
CY2022 igic Purchase Of Equity Securities And Other Investments
PurchaseOfEquitySecuritiesAndOtherInvestments
1607000 usd
CY2021 igic Purchase Of Equity Securities And Other Investments
PurchaseOfEquitySecuritiesAndOtherInvestments
5212000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
313002000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
189832000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
160299000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
526000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
312000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
169000 usd
CY2023 igic Proceeds From Salematurity Of Available For Sale Debt Securities
ProceedsFromSalematurityOfAvailableForSaleDebtSecurities
-59031000 usd
CY2022 igic Proceeds From Salematurity Of Available For Sale Debt Securities
ProceedsFromSalematurityOfAvailableForSaleDebtSecurities
-60972000 usd
CY2021 igic Proceeds From Salematurity Of Available For Sale Debt Securities
ProceedsFromSalematurityOfAvailableForSaleDebtSecurities
-116697000 usd
CY2023 igic Proceeds From Sale Of Equity Securities And Other Investments
ProceedsFromSaleOfEquitySecuritiesAndOtherInvestments
34976000 usd
CY2022 igic Proceeds From Sale Of Equity Securities And Other Investments
ProceedsFromSaleOfEquitySecuritiesAndOtherInvestments
1413000 usd
CY2021 igic Proceeds From Sale Of Equity Securities And Other Investments
ProceedsFromSaleOfEquitySecuritiesAndOtherInvestments
6349000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3248000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1275000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2381000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
89000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
543000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1120000 usd
CY2023 igic Change In Term Deposits
ChangeInTermDeposits
73802000 usd
CY2022 igic Change In Term Deposits
ChangeInTermDeposits
-12353000 usd
CY2021 igic Change In Term Deposits
ChangeInTermDeposits
4986000 usd
CY2023 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-223534000 usd
CY2022 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
129413000 usd
CY2021 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
2768000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1101000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
146000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-90365000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-246534000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51457000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
1749000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
10152000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
15128000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31090000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2394000 usd
CY2023 igic Payments For Warrants Redemption
PaymentsForWarrantsRedemption
16324000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-49163000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12546000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15128000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
57080000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-104203000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
108707000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137943000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242146000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133439000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195023000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137943000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242146000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
6635000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
2760000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2328000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of the consolidated financial statements in conformity with U.S. GAAP required management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates and assumptions. The Company’s principal estimates include:</span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Reserve for unpaid loss and loss adjustment expenses;</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Premiums representing amounts due on business written but not yet reported;</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Allowance for expected credit losses on premiums receivable, reinsurance recoverables and certain investments including available-for-sale fixed maturity securities;</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Fair value measurements of certain financial assets and financial liabilities.</span></td> </tr></table>
CY2023Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
20499000 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
20527000 usd
CY2023Q4 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
24022000 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
24547000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2023 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
396000 usd
CY2022 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
423000 usd
CY2021 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
366000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
35742000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
515337000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
530182000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
362368000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
388764000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
789619000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
8020000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
31696000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
353000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
765590000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
538311000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
26000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
49061000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
195000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
489081000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
38929000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
517000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
410052000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
31179000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
448981000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
31696000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
301761000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
24038000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
177668000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
25023000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
479429000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
49061000 usd
CY2023 us-gaap Unrealized Gain Loss On Price Risk Fair Value Hedging Instruments
UnrealizedGainLossOnPriceRiskFairValueHedgingInstruments
448981000 usd
CY2022 us-gaap Unrealized Gain Loss On Price Risk Fair Value Hedging Instruments
UnrealizedGainLossOnPriceRiskFairValueHedgingInstruments
479429000 usd
CY2023 igic Maturity Securities Rate
MaturitySecuritiesRate
0.76 pure
CY2023Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.001 pure
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
78459000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
79334000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
34658000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
100801000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
103933000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
64409000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
75576000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
70993000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
76170000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
27646000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
38229000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
765590000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
789619000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
489081000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
538311000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
39750000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
20381000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
14049000 usd
CY2023 us-gaap Investment Income Dividend
InvestmentIncomeDividend
236000 usd
CY2022 us-gaap Investment Income Dividend
InvestmentIncomeDividend
144000 usd
CY2021 us-gaap Investment Income Dividend
InvestmentIncomeDividend
78000 usd
CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
752000 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
571000 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
705000 usd
CY2023 us-gaap Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
278000 usd
CY2022 us-gaap Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
149000 usd
CY2021 us-gaap Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
345000 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
40460000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
20947000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
14487000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
477000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
619000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
88000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
7200000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-68000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
396000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
6723000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-687000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
308000 usd
CY2023 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
3080000 usd
CY2022 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-3561000 usd
CY2021 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
707000 usd
CY2023 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
989000 usd
CY2022 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-2225000 usd
CY2021 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
912000 usd
CY2023 igic Unrealizedloss Gain On Equitymethod Investments At Fair Value
UnrealizedlossGainOnEquitymethodInvestmentsAtFairValue
-1385000 usd
CY2022 igic Unrealizedloss Gain On Equitymethod Investments At Fair Value
UnrealizedlossGainOnEquitymethodInvestmentsAtFairValue
274000 usd
CY2021 igic Unrealizedloss Gain On Equitymethod Investments At Fair Value
UnrealizedlossGainOnEquitymethodInvestmentsAtFairValue
-5328000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2684000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5512000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3709000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
158000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
195000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
526000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
-166000 usd
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
-66000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
368000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-361000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-66000 usd
CY2023Q4 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
256519000 usd
CY2022Q4 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
219487000 usd
CY2023Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
11302000 usd
CY2022Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
9085000 usd
CY2023Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
245217000 usd
CY2022Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
210402000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
-14886000 usd
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
-16061000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-110844000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-90721000 usd
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-71247000 usd
CY2023Q4 us-gaap Liability For Title Claims And Claims Adjustment Expense
LiabilityForTitleClaimsAndClaimsAdjustmentExpense
136719000 usd
CY2023Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
11748000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9085000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5804000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2372000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3275000 usd
CY2023 us-gaap Fdic Indemnification Asset Net Write Offs
FDICIndemnificationAssetNetWriteOffs
155000 usd
CY2022 us-gaap Fdic Indemnification Asset Net Write Offs
FDICIndemnificationAssetNetWriteOffs
-6000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11302000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9085000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Gross
ReinsuranceRecoverablesOnUnpaidLossesGross
212610000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Gross
ReinsuranceRecoverablesOnUnpaidLossesGross
189125000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
ReinsuranceRecoverablesOnUnpaidLossesAllowance
361000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
ReinsuranceRecoverablesOnUnpaidLossesAllowance
325000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
212249000 usd
CY2022Q4 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
188800000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Paid Losses Gross
ReinsuranceRecoverablesOnPaidLossesGross
14507000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid Losses Gross
ReinsuranceRecoverablesOnPaidLossesGross
9241000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Paid Losses Allowance
ReinsuranceRecoverablesOnPaidLossesAllowance
3673000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid Losses Allowance
ReinsuranceRecoverablesOnPaidLossesAllowance
3629000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
10834000 usd
CY2022Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
5612000 usd
CY2023Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
223083000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
194412000 usd
CY2023 igic Current Accident Year
CurrentAccidentYear
228381000 usd
CY2022 igic Current Accident Year
CurrentAccidentYear
199577000 usd
CY2021 igic Current Accident Year
CurrentAccidentYear
193811000 usd
CY2023 igic Prior Accident Years
PriorAccidentYears
-39294000 usd
CY2022 igic Prior Accident Years
PriorAccidentYears
-42015000 usd
CY2021 igic Prior Accident Years
PriorAccidentYears
-20772000 usd
CY2022Q4 us-gaap Liability For Title Claims And Claims Adjustment Expense
LiabilityForTitleClaimsAndClaimsAdjustmentExpense
105607000 usd
CY2021Q4 us-gaap Liability For Title Claims And Claims Adjustment Expense
LiabilityForTitleClaimsAndClaimsAdjustmentExpense
87308000 usd
CY2023 igic Reinsurance Recoverable On Paid Losses
ReinsuranceRecoverableOnPaidLosses
36000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
13001000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
10800000 usd
CY2023Q4 us-gaap Restricted Investments
RestrictedInvestments
5000000 usd
CY2022Q4 us-gaap Restricted Investments
RestrictedInvestments
5000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177022000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122143000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
18001000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
15800000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
195023000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
137943000 usd
CY2023 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
The following table represents an analysis of loss and loss adjustment expenses and a reconciliation of the beginning and ending reserve for unpaid loss and loss adjustment expenses:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year Ended December 31</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; font-weight: bold; text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b><i>2023</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b><i>USD ’000</i> </b></p></td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>2022</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>USD ’000</i> </p></td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>2021</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>USD ’000</i> </p></td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; width: 64%; text-align: justify">Reserve for unpaid loss and loss adjustment expenses</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">636,245</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">577,650</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">498,582</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Reinsurance recoverable on unpaid loss and loss adjustment expenses, net of allowance for expected credit losses</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(188,800</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(182,124</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(188,738</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Net reserve for unpaid loss and loss adjustment expenses at beginning of year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">447,445</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">395,526</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">309,844</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold; text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Loss and loss adjustment expenses incurred, net of reinsurance:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Current accident year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">228,381</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">199,577</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">193,811</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Prior accident years</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(39,294</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(42,015</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(20,772</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Total loss and loss adjustment expenses incurred, net of reinsurance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">189,087</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">157,562</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">173,039</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Loss and loss adjustment expenses paid, net of reinsurance:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Current accident year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(25,875</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,886</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(16,061</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Prior accident years</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(110,844</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(90,721</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(71,247</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Total loss and loss adjustment expenses paid, net of reinsurance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(136,719</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(105,607</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(87,308</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Change in allowance for expected credit losses on reinsurance recoverables on unpaid loss and loss adjustment expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(36</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(49</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify">Net reserve for unpaid loss and loss adjustment expenses at end of year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">499,849</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">447,445</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">395,526</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Reinsurance recoverable on unpaid loss and loss adjustment expenses, net of allowance for expected credit losses</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">212,249</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">188,800</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">182,124</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt">Reserve for unpaid loss and loss adjustment expenses at end of year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">712,098</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">636,245</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">577,650</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p>
CY2023Q4 igic Reserve For Unpaid Loss And Loss Adjustment Expenses
ReserveForUnpaidLossAndLossAdjustmentExpenses
636245000 usd
CY2022Q4 igic Reserve For Unpaid Loss And Loss Adjustment Expenses
ReserveForUnpaidLossAndLossAdjustmentExpenses
577650000 usd
CY2021Q4 igic Reserve For Unpaid Loss And Loss Adjustment Expenses
ReserveForUnpaidLossAndLossAdjustmentExpenses
498582000 usd
CY2023 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
188800000 usd
CY2022 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
182124000 usd
CY2021 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
188738000 usd
CY2023 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At Beginning Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtBeginningOfYear
447445000 usd
CY2022 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At Beginning Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtBeginningOfYear
395526000 usd
CY2021 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At Beginning Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtBeginningOfYear
309844000 usd
CY2023 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
189087000 usd
CY2022 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
157562000 usd
CY2021 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
173039000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
-25875000 usd
CY2022 igic Reinsurance Recoverable On Paid Losses
ReinsuranceRecoverableOnPaidLosses
-36000 usd
CY2021 igic Reinsurance Recoverable On Paid Losses
ReinsuranceRecoverableOnPaidLosses
-49000 usd
CY2023 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At End Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtEndOfYear
499849000 usd
CY2022 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At End Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtEndOfYear
447445000 usd
CY2021 igic Net Reserve For Unpaid Loss And Loss Adjustment Expenses At End Of Year
NetReserveForUnpaidLossAndLossAdjustmentExpensesAtEndOfYear
395526000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
212249000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
188800000 usd
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
182124000 usd
CY2023Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
712098000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
636245000 usd
CY2021Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
577650000 usd
CY2023Q4 igic Net Ultimate Increased
NetUltimateIncreased
228381000 usd
CY2022 igic Net Losses Decreased Prior Loss Reserve
NetLossesDecreasedPriorLossReserve
39294000 usd
CY2022 us-gaap Payments For Reinsurance
PaymentsForReinsurance
3186000 usd
CY2023 igic Specialtys Longtail
SpecialtysLongtail
251809000 usd
CY2023 igic Specialtys Shorttail
SpecialtysShorttail
198307000 usd
CY2023 igic Reinsurances
Reinsurances
49372000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet
499488000 usd
CY2023 igic Allowance For Expected Credit Losses On Reinsurance Recoverables
AllowanceForExpectedCreditLossesOnReinsuranceRecoverables
361000 usd
CY2023 igic Reserve For Unpaid Loss And Loss Adjustment Expenses Net Of Allowance
ReserveForUnpaidLossAndLossAdjustmentExpensesNetOfAllowance
499849000 usd
CY2023 igic Specialty Longtails
SpecialtyLongtails
105186000 usd
CY2023 igic Specialty Shorttails
SpecialtyShorttails
107424000 usd
CY2023 igic Total Reinsurance Recoverable On Unpaid Loss And Loss Adjustment Expenses
TotalReinsuranceRecoverableOnUnpaidLossAndLossAdjustmentExpenses
212610000 usd
CY2023 igic Allowance For Expected Credit Losse On Reinsurance Recoverables
AllowanceForExpectedCreditLosseOnReinsuranceRecoverables
-361000 usd
CY2023 igic Total Reinsurance Recoverable On Unpaid Loss And Loss Adjustment Expenses Net Of Allowance For
TotalReinsuranceRecoverableOnUnpaidLossAndLossAdjustmentExpensesNetOfAllowanceFor
212249000 usd
CY2023 igic Total Gross Reserves For Unpaid Loss And Loss Adjustment Expenses
TotalGrossReservesForUnpaidLossAndLossAdjustmentExpenses
712098000 usd
CY2023 us-gaap Direct Premiums Written
DirectPremiumsWritten
348418000 usd
CY2022 us-gaap Direct Premiums Written
DirectPremiumsWritten
301291000 usd
CY2021 us-gaap Direct Premiums Written
DirectPremiumsWritten
267451000 usd
CY2023 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
340260000 usd
CY2022 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
280692000 usd
CY2021 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
269785000 usd
CY2023 us-gaap Ceded Premiums Written
CededPremiumsWritten
191465000 usd
CY2022 us-gaap Ceded Premiums Written
CededPremiumsWritten
189158000 usd
CY2021 us-gaap Ceded Premiums Written
CededPremiumsWritten
157923000 usd
CY2023 us-gaap Premiums Written Net
PremiumsWrittenNet
497213000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
392825000 usd
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
379313000 usd
CY2023 us-gaap Direct Premiums Earned
DirectPremiumsEarned
321556000 usd
CY2022 us-gaap Direct Premiums Earned
DirectPremiumsEarned
284436000 usd
CY2021 us-gaap Direct Premiums Earned
DirectPremiumsEarned
251672000 usd
CY2023 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
313458000 usd
CY2022 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
272067000 usd
CY2021 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
234914000 usd
CY2023 us-gaap Ceded Premiums Earned
CededPremiumsEarned
187862000 usd
CY2022 us-gaap Ceded Premiums Earned
CededPremiumsEarned
180112000 usd
CY2021 us-gaap Ceded Premiums Earned
CededPremiumsEarned
149955000 usd
CY2023 us-gaap Premiums Earned Net
PremiumsEarnedNet
447152000 usd
CY2022 us-gaap Premiums Earned Net
PremiumsEarnedNet
376391000 usd
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
336631000 usd
CY2023 igic Directlossadjustmentexpense
Directlossadjustmentexpense
141092000 usd
CY2022 igic Directlossadjustmentexpense
Directlossadjustmentexpense
112078000 usd
CY2021 igic Directlossadjustmentexpense
Directlossadjustmentexpense
128730000 usd
CY2023 igic Assumed Loss Adjustment Expense
AssumedLossAdjustmentExpense
122688000 usd
CY2022 igic Assumed Loss Adjustment Expense
AssumedLossAdjustmentExpense
123128000 usd
CY2021 igic Assumed Loss Adjustment Expense
AssumedLossAdjustmentExpense
70056000 usd
CY2023 igic Ceded Loss Adjustment Expense
CededLossAdjustmentExpense
74693000 usd
CY2022 igic Ceded Loss Adjustment Expense
CededLossAdjustmentExpense
77644000 usd
CY2021 igic Ceded Loss Adjustment Expense
CededLossAdjustmentExpense
25747000 usd
CY2023 igic Premiums Loss Adjustment Expense Net
PremiumsLossAdjustmentExpenseNet
189087000 usd
CY2022 igic Premiums Loss Adjustment Expense Net
PremiumsLossAdjustmentExpenseNet
157562000 usd
CY2021 igic Premiums Loss Adjustment Expense Net
PremiumsLossAdjustmentExpenseNet
173039000 usd
CY2023 us-gaap Deferred Policy Acquisition Costs Text Block1
DeferredPolicyAcquisitionCostsTextBlock1
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif"><b>8.</b></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>DEFERRED POLICY ACQUISITION COSTS, NET OF CEDING COMMISSIONS</b></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2023</span></td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><i>2022</i></span></p></td><td style="padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2021</span></td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: center; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center"><span style="font-family: Times New Roman, Times, Serif">USD ’000</span></td><td style="text-align: center; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-style: italic; text-align: center"><span style="font-family: Times New Roman, Times, Serif">USD ’000</span></td><td style="text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-style: italic; text-align: center"><span style="font-family: Times New Roman, Times, Serif">USD ’000</span></td><td style="text-align: center; font-style: italic"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Balance at beginning of year</span></td><td style="width: 1%; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 9%; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">57,941</span></td><td style="width: 1%; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">56,767</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">49,452</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">Acquisition costs deferred</span></td><td style="font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">82,307</span></td><td style="font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">71,373</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">66,937</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Amortization of deferred acquisition costs</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(74,976</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(70,199</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(59,622</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif">Balance at end of year</span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">65,272</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif">57,941</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif">56,767</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table>
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
57941000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
56767000 usd
CY2020Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
49452000 usd
CY2023 us-gaap Deferred Policy Acquisition Costs Impairment Loss
DeferredPolicyAcquisitionCostsImpairmentLoss
82307000 usd
CY2022 us-gaap Deferred Policy Acquisition Costs Impairment Loss
DeferredPolicyAcquisitionCostsImpairmentLoss
71373000 usd
CY2021 us-gaap Deferred Policy Acquisition Costs Impairment Loss
DeferredPolicyAcquisitionCostsImpairmentLoss
66937000 usd
CY2023 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
74976000 usd
CY2022 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
70199000 usd
CY2021 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
59622000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
65272000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
57941000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
56767000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
913000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1035000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2083000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2614000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2133000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2663000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
771000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
963000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
966000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
774000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
348000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
83000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
306000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2477000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
344000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2133000 usd
CY2023Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.95
CY2023Q3 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2023-09-19
CY2023Q3 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
0.86
CY2023 igic Private Warrants
PrivateWarrants
4500000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
702400 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.86
CY2023 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
6453000 usd
CY2023 us-gaap Additional Liability Long Duration Insurance Derecognition
AdditionalLiabilityLongDurationInsuranceDerecognition
134000 usd
CY2023 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
-6319000 usd
CY2023Q4 igic Earnout Shares Transferred
EarnoutSharesTransferred
1400000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
12.88
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
8
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.25 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.275 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0391 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0398 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y2M15D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M15D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0031 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.005 pure
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
13800000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
15470000 usd
CY2023 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
20970000 usd
CY2022 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
-1670000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
17480000 usd
CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
17290000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
13800000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3261000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2179000 usd
CY2023 us-gaap Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.05 pure
CY2023Q4 us-gaap Liabilities For Guarantees On Long Duration Contracts Reinsurance Recoverable
LiabilitiesForGuaranteesOnLongDurationContractsReinsuranceRecoverable
1826000 usd
CY2022Q4 us-gaap Liabilities For Guarantees On Long Duration Contracts Reinsurance Recoverable
LiabilitiesForGuaranteesOnLongDurationContractsReinsuranceRecoverable
2917000 usd
CY2023Q4 us-gaap Investment Interest Rate Paid In Cash
InvestmentInterestRatePaidInCash
0.70 pure
CY2023Q4 us-gaap Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
307000 usd
CY2022Q4 us-gaap Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
292000 usd
CY2021Q4 us-gaap Other Ownership Interests Value
OtherOwnershipInterestsValue
1250000 usd
CY2021 igic Instalments Over Years
InstalmentsOverYears
P5Y
CY2023 igic Instalments Amount
InstalmentsAmount
500000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
100000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023 us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
44500879 shares
CY2022 us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
46013309 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
5000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5000000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
23856000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-48454000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9891000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-477000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-619000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-88000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
27000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-57000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-16000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
23406000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-49130000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-9995000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
126048000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
92166000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48628000 usd
CY2023 us-gaap Participating Policy Percentage Of Premium Income
ParticipatingPolicyPercentageOfPremiumIncome
0.35 pure
CY2023Q4 us-gaap Derivative Net Assets Percentage
DerivativeNetAssetsPercentage
0.03 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.10 pure
CY2023Q4 us-gaap Operating Leases Of Lessee Contingent Rentals Basis Spread On Variable Rate
OperatingLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate
0.05 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6401000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4157000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5788000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.15 pure
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.19 pure
CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
12000 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
-22000 usd
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
97000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1165000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-310000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-462000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
276000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7854000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2932000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1814000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
7825000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3027000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1838000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
60000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
73000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
80000 usd
CY2023 igic Other Tax Expenses
OtherTaxExpenses
31000 usd
CY2022 igic Other Tax Expenses
OtherTaxExpenses
168000 usd
CY2021 igic Other Tax Expenses
OtherTaxExpenses
104000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7854000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2932000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1814000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
76000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
398000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
334000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
363000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
175000 usd
CY2023Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
3961000 usd
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
4877000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
171000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4571000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5788000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-220000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
194000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
414000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2854000 usd
CY2023Q4 us-gaap Investment Company Equity Security Fv Ni Contractual Sale Restriction
InvestmentCompanyEquitySecurityFvNiContractualSaleRestriction
6990000 usd
CY2023 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
806380000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
537635000 usd
CY2023Q4 us-gaap Shares Outstanding
SharesOutstanding
1612500 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2023 igic Net Income Attributable To The Earnout Shares
NetIncomeAttributableToTheEarnoutShares
7469000 usd
CY2022 igic Net Income Attributable To The Earnout Shares
NetIncomeAttributableToTheEarnoutShares
4906000 usd
CY2021 igic Net Income Attributable To The Earnout Shares
NetIncomeAttributableToTheEarnoutShares
1968000 usd
CY2023 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
30000 usd
CY2022 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
147000 usd
CY2021 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
131000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
110695000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
84181000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
44715000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42943535 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45546262 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45470957 shares
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
525341000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
120872000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
70060000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43468876 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45667134 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45541017 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.58
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.55
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2023 us-gaap Premiums Written Gross
PremiumsWrittenGross
688678000 usd
CY2023 us-gaap Ceded Premiums Written
CededPremiumsWritten
191465000 usd
CY2023 us-gaap Premiums Written Net
PremiumsWrittenNet
497213000 usd
CY2023 us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
-50061000 usd
CY2023 us-gaap Premiums Earned Net
PremiumsEarnedNet
447152000 usd
CY2023 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
74976000 usd
CY2023 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
189087000 usd
CY2023 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
183089000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
78927000 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
40460000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
6723000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2684000 usd
CY2023 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
-368000 usd
CY2023 igic Change In Allowance For Expected Credit Losses On Receivables
ChangeInAllowanceForExpectedCreditLossesOnReceivables
2452000 usd
CY2023 us-gaap Other Income
OtherIncome
1862000 usd
CY2023 us-gaap Other Expenses
OtherExpenses
5594000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-27289000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5124000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
126048000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7854000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
118194000 usd
CY2022 us-gaap Premiums Written Gross
PremiumsWrittenGross
581983000 usd
CY2022 us-gaap Ceded Premiums Written
CededPremiumsWritten
189158000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
392825000 usd
CY2022 us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
-16434000 usd
CY2022 us-gaap Premiums Earned Net
PremiumsEarnedNet
376391000 usd
CY2022 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
70199000 usd
CY2022 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
157562000 usd
CY2022 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
148630000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67243000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
20947000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-687000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-5512000 usd
CY2022 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
361000 usd
CY2022 igic Change In Allowance For Expected Credit Losses On Receivables
ChangeInAllowanceForExpectedCreditLossesOnReceivables
3238000 usd
CY2022 us-gaap Other Income
OtherIncome
2442000 usd
CY2022 us-gaap Other Expenses
OtherExpenses
3961000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4603000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3454000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92166000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2932000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
89234000 usd
CY2021 us-gaap Premiums Written Gross
PremiumsWrittenGross
537236000 usd
CY2021 us-gaap Ceded Premiums Written
CededPremiumsWritten
157923000 usd
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
379313000 usd
CY2021 us-gaap Increase Decrease In Unearned Premiums Net
IncreaseDecreaseInUnearnedPremiumsNet
-42682000 usd
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
336631000 usd
CY2021 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
59622000 usd
CY2021 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
173039000 usd
CY2021 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
103970000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58228000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
14487000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
308000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3709000 usd
CY2021 igic Change In Allowance For Expected Credit Losses On Investments
ChangeInAllowanceForExpectedCreditLossesOnInvestments
66000 usd
CY2021 igic Change In Allowance For Expected Credit Losses On Receivables
ChangeInAllowanceForExpectedCreditLossesOnReceivables
3262000 usd
CY2021 us-gaap Other Income
OtherIncome
2056000 usd
CY2021 us-gaap Other Expenses
OtherExpenses
4230000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
670000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3368000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48628000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1814000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
46814000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
24022000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
24547000 usd
CY2023 us-gaap Premiums Written Gross
PremiumsWrittenGross
688678000 usd
CY2022 us-gaap Premiums Written Gross
PremiumsWrittenGross
581983000 usd
CY2021 us-gaap Premiums Written Gross
PremiumsWrittenGross
537236000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3249000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.3
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.58
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2327000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1171000 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
3920000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2023 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.25 pure
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3800000 usd
CY2023 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
206000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
24056000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
26208000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
26208000 usd
CY2023Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
938225000 usd
CY2023Q4 us-gaap Investments
Investments
955668000 usd
CY2023Q4 us-gaap Investments
Investments
955668000 usd
CY2023Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
65272000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
712098000 usd
CY2023Q4 us-gaap Unearned Premiums
UnearnedPremiums
443525000 usd
CY2023 us-gaap Premiums Written Gross
PremiumsWrittenGross
688678000 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
40460000 usd
CY2023 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
189087000 usd
CY2023 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
74976000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
78927000 usd
CY2023 us-gaap Premiums Written Net
PremiumsWrittenNet
497213000 usd
CY2022Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
57941000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
636245000 usd
CY2022Q4 us-gaap Unearned Premiums
UnearnedPremiums
389860000 usd
CY2022 us-gaap Premiums Written Gross
PremiumsWrittenGross
581983000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
20947000 usd
CY2022 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
157562000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
70199000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67243000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
392825000 usd
CY2021 us-gaap Premiums Written Gross
PremiumsWrittenGross
537236000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
14487000 usd
CY2021 igic Net Loss And Loss Adjustment Expenses
NetLossAndLossAdjustmentExpenses
173039000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
59622000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58228000 usd
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
379313000 usd
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
CY2022 igic Payments For Warrants Redemption
PaymentsForWarrantsRedemption
usd
CY2021 igic Payments For Warrants Redemption
PaymentsForWarrantsRedemption
usd
CY2021Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
usd
CY2021Q4 us-gaap Unearned Premiums
UnearnedPremiums
usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
usd
CY2023Q4 us-gaap Reinsurance Payable
ReinsurancePayable
usd
CY2023Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiability
CY2022Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiability
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001794338

Files In Submission

Name View Source Status
0001213900-24-031166-index-headers.html Edgar Link pending
0001213900-24-031166-index.html Edgar Link pending
0001213900-24-031166.txt Edgar Link pending
0001213900-24-031166-xbrl.zip Edgar Link pending
ea0202289-20f_internat.htm Edgar Link pending
ea020228901ex11-1_inter.htm Edgar Link pending
ea020228901ex12-1_inter.htm Edgar Link pending
ea020228901ex12-2_inter.htm Edgar Link pending
ea020228901ex13-1_inter.htm Edgar Link pending
ea020228901ex13-2_inter.htm Edgar Link pending
ea020228901ex15-1_inter.htm Edgar Link pending
ea020228901ex15-2_inter.htm Edgar Link pending
ea020228901ex4-26_inter.htm Edgar Link pending
ea020228901ex8-1_inter.htm Edgar Link pending
ea020228901ex97-1_inter.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
igic-20231231.xsd Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
igic-20231231_cal.xml Edgar Link unprocessable
igic-20231231_def.xml Edgar Link unprocessable
igic-20231231_lab.xml Edgar Link unprocessable
igic-20231231_pre.xml Edgar Link unprocessable
ea0202289-20f_internat_htm.xml Edgar Link completed
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R112.htm Edgar Link pending
R113.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending