IGI restates 2020 and 2021 financial statements over SEC SPAC ruling
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

IGI restates 2020 and 2021 financial statements over SEC SPAC ruling

IGI_SEC_logo_washington_DC_2021.jpg

IGI Holdings has restated its financial statements for 2020 and 2021 due to a statement issued by the US Securities and Exchange Commission (SEC) in relation to the treatment of special purpose acquisition company (SPAC) warrant instruments.

As a result, the carrier’s net income will reduce by $4.4mn for the 2020 year, and total liabilities will increase by $13.6mn.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article