International General Insurance Holdings (IGIC) Cash Flow: Operating & Free Cash Flow

International General Insurance Holdings (IGIC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), International General Insurance Holdings generated $108.14M of operating cash flow and spent $944.00K on capital expenditures. That left free cash flow of $107.19M, down 47.2% from $202.84M a year earlier, or 20.7% of revenue. It returned $108.12M to shareholders through $46.20M in dividends and $61.92M in share buybacks.

International General Insurance Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for International General Insurance Holdings Ltd. (IGIC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	127.15	135.15	118.19	89.23	46.81	33.74	25.25	25.60	7.02
Depreciation & Amortization	3.58	3.40	2.55	3.08	2.77	2.61	1.96	1.36	1.49
Deferred Income Tax	0.00	-3.01	-0.51	0.36	-0.32	-0.82	0.02	0.00	0.00
Stock Based Compensation	6.80	4.63	3.25	2.30	1.19	0.45	0.00	0.00	0.00
Change in Working Capital	-28.41	61.17	52.85	54.68	119.28	32.80	43.42	45.71	7.32
Change in Accounts Receivable	0.00	-13.45	-63.49	-8.70	-20.01	-55.87	-3.52	0.95	-29.94
Change in Inventory	0.00	0.00	0.00	0.00	118.03	58.54	28.26	48.87	31.13
Change in Accounts Payable	0.00	0.35	-0.65	-2.52	2.17	29.92	20.51	-0.93	6.79
Change in Other Working Capital	-28.41	3.08	0.77	0.96	1.05	0.21	-1.82	-3.18	-0.67
Other Operating Activities	6.72	3.08	0.77	0.96	1.05	-159.36	-49.24	31.42	-2.86
Net Cash from Operating Activities	108.14	209.47	196.61	154.88	175.29	-90.57	21.40	104.09	12.96
Investing Activities
Capital Expenditures	-0.94	-6.63	-3.25	-1.28	-2.38	-1.91	-1.06	-1.15	-1.62
Acquisitions	0.05	0.00	-1.10	0.03	-0.15	0.00	0.00	0.00	0.00
Purchases of Investments	36.83	-179.97	-86.11	-320.85	-168.28	0.00	0.00	-174.23	0.00
Sales/Maturities of Investments	265.79	116.33	318.07	62.70	123.22	0.00	0.00	0.00	0.00
Other Investing Activities	0.67	104.50	-73.71	258.16	45.06	0.00	0.02	0.45	0.05
Net Cash from Investing Activities	35.93	-186.57	-90.37	-246.53	-51.46	-1.91	-1.03	-1.15	-1.57
Financing Activities
Debt Repayment	0.00	0.00	0.00	-1.04	-0.78	-0.80	-0.61	0.00	0.00
Common Stock Issued	0.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-61.92	-23.15	-31.09	-2.39	0.00	-80.00	-5.05	-15.05	0.00
Dividends Paid	-46.20	-26.53	-1.75	-10.15	-15.13	-4.36	-10.82	-4.09	-11.47
Other Financing Activities	0.00	0.00	-16.32	0.00	0.00	120.82	0.00	0.00	0.00
Net Cash from Financing Activities	-107.46	-49.68	-49.16	-12.55	-15.13	35.67	-16.47	-19.14	-11.47
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	-3.36	-1.70	-2.21	3.83	-3.22	1.88
Net Change in Cash	36.61	-26.78	57.08	-104.20	108.71	-59.02	7.73	80.58	1.80
Cash at Beginning of Period	168.25	195.02	137.94	242.15	133.44	192.46	184.73	104.15	102.35
Cash at End of Period	204.86	168.25	195.02	137.94	242.15	133.44	192.46	184.73	104.15
Free Cash Flow	107.19	202.84	193.36	153.60	172.91	-92.48	20.35	102.94	11.34
Supplemental Disclosures
Income Taxes Paid	0.32	4.62	6.64	2.76	2.33	1.47	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About International General Insurance Holdings Cash Flow

What is International General Insurance Holdings's free cash flow?

International General Insurance Holdings generated free cash flow of $107.19M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $108.14M minus $944.00K of capital expenditures. That was down 47.2% from $202.84M a year earlier. Free cash flow equaled 20.7% of revenue.

How much does International General Insurance Holdings spend on capital expenditures?

International General Insurance Holdings spent $944.00K on capital expenditures in fiscal 2025, compared with $6.63M a year earlier. That equals 0.9% of operating cash flow.

Does International General Insurance Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 International General Insurance Holdings returned $46.20M in dividends and $61.92M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition