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Wasef Jabsheh, vice chairman and chief executive officer of IGIH, said: "The business played to its technical strengths in underwriting and performed well as a result.
IGIH reported a combined ratio of 88 per cent in the first half.
Wasef Jabsheh, vice-chairman and chief executive officer of IGIH, said: "Although we were unable to surpass last year's profits for the first half, our results were in line with our projections given the soft market the industry is facing.
IGIH board of directors has declared interim dividends of $5.735 million for the first half, said a statement.
Aa This was due to the group's policy of reducing exposure to certain catastrophe-prone regions, IGIH said C in a statement.
Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH, said, "Softness in the market has put pressure on our top line figures, yet as in the past, we continue to be diligent on the business we underwrite with the focus on our bottom line.
The IGIH is registered in the Dubai International Financial Centre with operations in Bermuda, Jordan, Malaysia and a wholly owned subsidiary in the UK.
International General Insurance Holdings Limited (IGIH) today (26 April) reported earnings for the 2014 financial year; The Group announced net earnings of $34.34 million for the financial year of 2014, an increase of 9.9 per cent compared to $31.26 million for the financial year of 2013.
International General Insurance Holdings (IGIH) reported net earnings of $23.2 million for the year 2011, an increase of 35.05 per cent compared to $17.2 million for the 2010 fiscal year.
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