IGI profits fall as Middle East conflict losses and programme exits weigh on Q1

IGI reported lower first-quarter 2026 earnings due to Middle East conflict losses and the non-renewal of reinsurance programs, despite an improved combined ratio. Net income decreased to $21.7 million from $27.3 million in the same quarter of the previous year, impacted by significant catastrophe losses. The company returned $65 million to shareholders through share repurchases and dividends.