Stock fact sheet · data as of
International General Insurance Holdings Ltd. (IGIC): fair value, margin of safety and Wheel Score
Ticker symbol IGIC · Financial Services · Insurance - Diversified · Jordan · Blend Income
Is IGIC undervalued?
IGIC has a margin of safety of 63%: the stock closed at 24.27 on 5 Nov 2026 against a GLS average fair value of 64.86. 8 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: DDM gives 20.60 while GLS Growth gives 149.27. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for IGIC, so the nightly engine files it under Blend (value score 70, growth score 52, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for IGIC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 107.36 | +342% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 29.37 | +21% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 72.69 | +199% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 26.81 | +10% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 149.27 | +515% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 50.62 | +109% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 99.95 | +312% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 20.60 | -15% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 27.09 | +12% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -8.77 | -136% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 30.00 | +24% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - IGIC passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 7.7 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are high - ROIC 17.9%, ROE 17.9%, ROA 6.1% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 5.77% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 17.9% |
|---|---|---|---|
| GLS Moat | 7.7 / 10 | ROE | 17.9% |
| Debt / equity | 0.00 | ROA | 6.1% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 47: Weak
IGIC scores 47 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (784 open interest, 151 a day); and filter 4, financially healthy - Piotroski 5/9 (under 6), and the parts are thin too - value strong, premium strong, moat good, health fair, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 43% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 784 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 138k shares a day on a market cap of $1.0B, with a beta of 0.13 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (784 open interest, 151 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 63% below fair value | |
| Premium | Strong | implied volatility 43% | |
| Moat | Good | moat 7.7/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Weak | 151 contracts a day, 784 open interest | |
| Stability | Fair | beta 0.13, $1.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for IGIC in the nightly calendar. The shares go ex-dividend on 17 Nov 2026 (0.0750 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Diversified
The 12 companies below are the closest to International General Insurance Holdings Ltd. by market cap within the Insurance - Diversified industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| XZO Exzeo Group, Inc. | 19.33 | 27.77 | +30% | 35No options | $1.7B |
| PLGO Pelagos Insurance Capital Limit | 27.42 | 144.15 | +81% | 36No options | $2.3B |
| GNW Genworth Financial, Inc. | 9.19 | 14.89 | +38% | 76Good | $3.5B |
| KWY Kingsway Corporation | 10.01 | - | - | 31Weak | $290M |
| WTM White Mountains Insurance Group, Ltd. | 2,376.30 | 8,914.92 | +73% | 34No options | $5.7B |
| AXS AXIS Capital Holdings Limited | 107.78 | 470.12 | +77% | 46Weak | $7.7B |
| AEG Aegon Ltd. | 8.58 | 10.13 | +15% | 70Good | $13.0B |
| AEFC Aegon Funding Company LLC | 17.80 | 22.69 | +22% | 25No options | $13.8B |
| BNT Brookfield Wealth Solutions Ltd. | 43.08 | 55.05 | +22% | 40Weak | $14.3B |
| HIG The Hartford Insurance Group, Inc. | 138.11 | 378.41 | +64% | 73Good | $36.9B |
| ACGLO Arch Capital Group Ltd. | 18.33 | 141.94 | +87% | 39No options | $37.8B |
| ACGLN Arch Capital Group Ltd. | 15.11 | 133.92 | +89% | 39No options | $37.8B |
⚖ Compare IGIC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about IGIC
Is IGIC undervalued right now?
By the GLS models, yes: at 24.27 the stock is 63% below the average fair value of 64.86 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of IGIC and what does it mean?
IGIC scores 47 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for IGIC?
64.86 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does International General Insurance Holdings Ltd. report earnings next?
No upcoming earnings date is recorded for IGIC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does IGIC have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 784 open interest across all expiries and implied volatility of 43% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.