IGIC // International General Insurance Holdings Ltd. Ordinary Share

DES <GO> NASDAQ RQD COCKPIT → CIK 0001794338 ↗

Financials • Property-Casualty Insurers

$24.67 ▲ +0.41 (+1.69%)

MKT CAP: $1.06B • VOL: 48.1K

52W L $21 52W H $30

ROARABLE / RQD

D+ • 58/100

PIOTROSKI

3 / 9

IGIC // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 58/100 [D+] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE D+

RQD CONFIDENCE

58 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Sell — Weak Fundamentals / Trim

01 MASSIVE / SEC XBRL

Forensic Fundamentals

12 / 20

NEUTRAL

FCF -48.4% vs NI -5.9% • ROIC-WACC +8.9% • Z 3.2

02 INSTITUTIONAL TAPE & TREND

Whale & Options Flow

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03 SEC XBRL CAPITAL ALLOCATION

Insider & Capital Conviction

15 / 20

SOLID

FCF YIELD +10.2% • P/E 7.7x • F-SCORE 3/9

04 FRED 90D r-MATRIX

Macro Regime Fit

13 / 20

SOLID

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

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ALERT

Why did IGIC's Whale & Options Flow & Forensic 10-K Risk sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever IGIC is Upgraded or Downgraded.

IGIC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -2.14%📐 HORIZONTAL RANGE

2026-10-30O $24.78H $24.81L $24.23C $24.67VOL 84.2K

RES: $31.92SUP: $22.75SMA50: $25.27SMA200: $25.56

IGIC // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

NEUTRAL / PAIR TRADE CONVICTION: 49/100

BEAR 0

100 BULL

International General Insurance Holdings Ltd. Ordinary Share (IGIC) exhibits 45.0% gross margins and 17.9% return on invested capital within Financials (Property-Casualty Insurers), balanced against a 8.3x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into — operating margin and 17.9% ROIC, outpacing sector cost of capital.

ROIC: 17.9% // GM: 45.0%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -4.1% paired with 10.23% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -4.1% // FCF YLD: 10.23%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 3.80 and Piotroski F-Score of 3/9 indicate low near-term refinancing stress.

ALTMAN Z: 3.80 // F-SCORE: 3/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 8.3x trailing P/E (7.7x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 8.3x // EV/EBITDA: —

02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $24.67 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Property-Casualty Insurers require continuous execution to defend 24.6% net margins.

NET MARGIN: 24.6% // D/E: 0.45x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 7.7x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 8.3x

FORWARD P/E 7.7x

EV / EBITDA —

FCF YIELD 10.23%

GROSS MARGIN —

OPERATING MARGIN —

NET MARGIN 24.6%

ROIC % 17.9%

REV GROWTH YOY -4.1%

DILUTED EPS TTM $2.97

DEBT / EQUITY —

DIVIDEND YIELD 4.37%

RSI-14 MOMENTUM 43.1

5Y EQUITY BETA —

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // IGICPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $22.57

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for IGIC & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

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IGIC VS BAC

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