IGI Q2 core profit falls 13% on weaker underwriting result

13 August 2021

Core operating income at IGI Holdings fell 13% year on year to $9mn as higher losses weighed on the group’s underwriting result.

The lower core operating income year on year was primarily the result of a 6-point increase in the current accident-year loss ratio of 55.8%.

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News Re/insurers Results

Catrin Shi

Editor-in-Chief