We recently published an article titled Why These 15 Insurance Stocks Are Skyrocketing So Far In 2025. In this article, we are going to take a look at where International General Insurance Holdings Ltd. (NASDAQ:IGIC) stands against the other insurance stocks.
Insurance stocks are back in the spotlight after Berkshire Hathaway’s annual shareholder report for 2024. These stocks are not only benefiting from stable cash flows, but they are also benefiting from higher investment yields and premium growth as inflation trends have benefited insurers.
Moreover, AI and tech innovations are starting to spill over into many other industries, which include insurance. It is also benefiting from a demographic tailwind as the growing “silver segment” requires more life and health insurance.
As such, it is worth looking into some of the top performers in this industry. There are good reasons behind each of the stocks’ uptrends.
Insurance house, car and family health live concept. The insurance agent presents the toys that symbolize the coverage.
Methodology
For this article, I screened the top-performing defense stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An engineer wearing protective equipment, inspecting a large construction project.
International General Insurance Holdings Ltd. (NASDAQ:IGIC)
Number of Hedge Fund Holders In Q4 2024: 6
International General Insurance Holdings Ltd. (NASDAQ:IGIC) is a specialty insurance and reinsurance company.
The stock is up significantly so far in 2025 as Q3 2024 financial results showed strong performance with gross written premiums of $205.6 million. This is a 3% increase from Q3 2023 while maintaining a healthy combined ratio of 81.2%.
Moreover, the stock is priced pretty cheap and trades less than industry peers. Buybacks and improved profitability metrics could take it much higher from here.
The consensus price target of $28 implies 7.86% upside.
IGIC is up 9.13% year-to-date.
Overall IGIC ranks 12th on our list of the insurance stocks that are skyrocketing so far in 2025. While we acknowledge the potential of IGIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IGIC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
