International General Insurance (IGIC) 6-K18 Aug 22Interim Condensed Consolidated Financial StatementsFinancial data

Company Profile

Document And Entity Information

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2022
Document Information Line Items
Entity Registrant Name	International General Insurance Holdings Ltd.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001794338
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity File Number	001-39255

Interim Condensed Consolidated

Interim Condensed Consolidated Statement of Financial Position - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 213,913	$ 242,146
Term deposits	155,123	179,966
Insurance receivables	212,755	179,345
Investments	515,301	470,222
Investments in associates	5,789	5,693
Reinsurance share of outstanding claims	157,931	182,248
Reinsurance share of unearned premiums	75,490	64,124
Deferred excess of loss premiums	5,435	17,238
Deferred policy acquisition costs	69,083	64,842
Deferred tax assets	4,630	471
Other assets	12,106	9,942
Investment properties	15,660	16,308
Property, premises and equipment	14,076	14,859
Intangible assets	4,002	4,321
TOTAL ASSETS	1,461,294	1,451,725
LIABILITIES
Gross outstanding claims	565,540	575,899
Gross unearned premiums	364,090	328,726
Insurance payables	90,030	89,519
Other liabilities	22,096	29,039
Derivative financial liability	9,319	12,938
Deferred tax liabilities		14
Unearned commissions	16,312	13,725
TOTAL LIABILITIES	1,067,387	1,049,860
EQUITY
Common shares at par value	493	489
Share premium	160,752	159,545
Treasury shares	(118)
Foreign currency translation reserve	1,065	992
Fair value reserve	(32,345)	8,215
Retained earnings	264,060	232,624
TOTAL EQUITY	393,907	401,865
TOTAL EQUITY AND LIABILITIES	$ 1,461,294	$ 1,451,725

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statement of Income (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Profit or loss [abstract]
Gross written premiums	$ 304,432	$ 266,772
Reinsurers’ share of insurance premiums	(97,411)	(80,078)
Net written premiums	207,021	186,694
Change in unearned premiums	(35,364)	(35,243)
Reinsurers’ share of change in unearned premiums	11,366	16,366
Net change in unearned premiums	(23,998)	(18,877)
Net premiums earned	183,023	167,817
Claims and claim adjustment expenses	(99,805)	(102,763)
Reinsurers’ share of claims	32,810	12,897
Net claims and claim adjustment expenses	(66,995)	(89,866)
Commissions earned	15,560	9,643
Policy acquisition costs	(49,859)	(39,032)
Net policy acquisition expenses	(34,299)	(29,389)
Net underwriting results	81,729	48,562
General and administrative expenses	(33,338)	(29,284)
Net investment income	4,155	9,330
Share of (loss) profit from associates	(24)	258
Impairment loss on insurance receivables	(2,071)	(1,121)
Other revenues	1,150	1,021
Other expenses	(1,258)	(1,438)
Change in fair value of derivative financial liability	3,619	(3,795)
Loss on foreign exchange	(12,700)	(3,175)
Profit before tax	41,262	20,358
Income tax	5	(1,932)
Profit for the period	$ 41,267	$ 18,426
Earnings per share Basic and diluted earnings per share attributable to equity holders (in Dollars per share)	$ 0.84	$ 0.38

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Interim Condensed Consolidated Statement Of Comprehensive Income Unaudited Abstract
Profit for the period	$ 41,267	$ 18,426
Other comprehensive income to be reclassified to profit or loss in subsequent periods
Net change in fair value reserve during the period for bonds at fair value through other comprehensive income	(38,161)	(4,461)
Currency translation difference	73	39
Changes in allowance for expected credit losses transferred to interim condensed consolidated statement of income	745	32
Other comprehensive income which will not be reclassified to profit or loss in subsequent periods
Net change in fair value reserve during the period for equities at fair value through other comprehensive income	(3,162)	2,694
Realized gain on sale of equities at fair value through other comprehensive income	18
Other comprehensive loss for the period	(40,487)	(1,696)
Total comprehensive income for the period	$ 780	$ 16,730

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Profit for the period before tax	$ 41,262	$ 20,358
Adjustments for:
Impairment loss on insurance receivables	2,071	1,121
Gain (loss) on sale of premises and equipment	(9)	60
Depreciation	1,184	1,199
Amortization	622	672
Net share of loss (profit) from associates	24	(258)
Lease interest expense	69	91
Realized loss on sale of bonds at FVTOCI		321
Realized loss (gain) on sale of financial assets at FVTPL	14	(484)
Realized loss on sale of investment properties	4	1
Fair value loss on investment properties	461	815
Expected credit loss on financial assets	732	32
Loss (gain) on revaluation of financial assets at FVTPL	3,143	(2,128)
Interest income	(8,189)	(7,742)
Share-based payment expense	1,211	779
Change in fair value of derivative financial liability	(3,619)	3,795
Net foreign exchange differences	12,700	3,175
Cash from operations before working capital changes	51,680	21,807
Term deposits	24,843	(13,604)
Insurance receivables	(38,748)	(24,954)
Purchase of investments	(138,824)	(86,820)
Proceeds from sale and maturity of investments	39,077	68,815
Reinsurance share of outstanding claims	24,317	922
Reinsurance share of unearned premiums	(11,366)	(16,366)
Deferred excess of loss premiums	11,803	11,744
Deferred policy acquisition costs	(4,241)	(5,911)
Other assets	(1,692)	(1,224)
Interest received	8,518	7,332
Additions to investment properties	(11)	(23)
Proceeds from sale of investment properties	193	431
Gross outstanding claims	(10,359)	52,846
Gross unearned premiums	35,364	35,243
Insurance payables	511	10,124
Other liabilities	(5,321)	(804)
Unearned commissions	2,587	872
Income tax paid	(2,145)	(1,478)
Net cash (used in) from operating activities	(13,814)	58,952
Investing Activities
Acquisition of a subsidiary, net of cash acquired		(146)
Proceeds from sale of premises and equipment	9
Purchase of premises and equipment	(296)	(267)
Purchase of intangible assets	(303)	(1,420)
Net cash used in investing activities	(590)	(1,833)
Financing Activities
Dividends paid	(9,831)	(8,288)
Treasury shares	(118)
Lease liabilities payments	(531)	(339)
Net cash used in financing activities	(10,480)	(8,627)
Net change in cash and cash equivalents	(24,884)	48,492
Net foreign exchange differences	(3,349)	(1,797)
Cash and cash equivalents at the beginning of the period	242,146	133,439
Cash and cash equivalents at the end of the period	$ 213,913	$ 180,134

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Changes In Equity (Unaudited) - USD ($) $ in Thousands	Common shares at par value	Share premium	Treasury shares	Foreign currency translation reserve	Fair value reserve	Retained earnings	Total
Balance at beginning at Dec. 31, 2020	$ 486	$ 157,677		$ (349)	$ 18,160	$ 205,037	$ 381,011
Profit for the period						18,426	18,426
Other comprehensive income				39	(1,735)		(1,696)
Total comprehensive income				39	(1,735)	18,426	16,730
Issuance of restricted share awards (note 11)	3	776					779
Cash dividends (note 12)						(8,288)	(8,288)
Balance at ending at Jun. 30, 2021	489	158,453		(310)	16,425	215,175	390,232
Balance at beginning at Dec. 31, 2021	489	159,545		992	8,215	232,624	401,865
Profit for the period						41,267	41,267
Other comprehensive income				73	(40,560)		(40,487)
Total comprehensive income				73	(40,560)	41,267	780
Issuance of restricted share awards (note 11)	4	1,207					1,211
Purchase of treasury shares			(118)				(118)
Cash dividends (note 12)						(9,831)	(9,831)
Balance at ending at Jun. 30, 2022	$ 493	$ 160,752	$ (118)	$ 1,065	$ (32,345)	$ 264,060	$ 393,907

Corporate Information

Corporate Information	6 Months Ended
Corporate Information	Jun. 30, 2022
Disclosure of Corporate Information [Abstract]
CORPORATE INFORMATION	1. CORPORATE INFORMATION International General Insurance Holdings Ltd. (“the Company”) is an exempted limited liability company registered and incorporated in Bermuda under the Companies Act of 1981 on 28 October 2019. The principal activities of the Company are to invest in companies engaged in the business of insurance and reinsurance. The Company’s registered office is at Clarendon House, 2 Church Street, Hamilton, HM11, Bermuda. On 17 March 2020, the definitive business agreement between International General Insurance Holdings Limited - Dubai (“IGI”) and Tiberius Acquisition Corp. (NASDAQ: TIBR) (“Tiberius”), a publicly traded special purpose acquisition company, and certain related parties, was effective. As a result of the completion of the Business Combination, the Company became a new public company listed on the Nasdaq Capital Market under the symbol “IGIC” and owned by the former stockholders of Tiberius and the former shareholders of IGI and each of IGI and Tiberius became the Company’s subsidiaries. The transaction was accounted for as a continuation of IGI. Under this method of accounting, while the Company was the legal acquirer of both IGI and Tiberius, IGI had been identified as the accounting acquirer of Tiberius for accounting purposes. This determination was primarily based on IGI comprising the ongoing operations of the combined company, IGI’s senior management comprising the senior management of the combined company, and the former owners and management of IGI having control of the board of directors of the Company following the consummation of the transaction by virtue of being able to appoint a majority of the directors of the combined company. As Tiberius did not meet the definition of a business as defined in IFRS 3 - Business Combinations (“IFRS 3”), the purchase of the shares of the former owners of Tiberius was not within the scope of IFRS 3 and was accounted for as a share-based payment transaction in accordance with IFRS 2 - Share-based payments (“IFRS 2”). Hence, the transaction was accounted for as the continuance of IGI with recognition of the identifiable assets acquired and the liabilities assumed of Tiberius at fair value. Operations prior to the transaction were those of IGI from an accounting point of view. The Company and its subsidiaries (together “the Group”) operate in the Bermuda, United Kingdom, Jordan, Morocco, Malaysia, Malta, United Arab Emirates and the Cayman Islands. The interim condensed consolidated financial statements were authorized for issue in accordance with a resolution of the Board of Directors on XXXX August 2022.

Basis of Preparation

Basis of Preparation	6 Months Ended
Basis of Preparation	Jun. 30, 2022
Disclosure of Basis of Preparation [Abstract]
BASIS OF PREPARATION	2. BASIS OF PREPARATION The interim condensed consolidated financial statements for the six months ended 30 June 2022 have been prepared in accordance with IAS 34 - Interim Financial Reporting. The interim condensed consolidated financial statements have been presented in United States Dollars (“USD”) which is also the Group’s functional currency. All values are rounded to the nearest thousand (USD ’000), except when otherwise indicated. The interim condensed consolidated financial statements do not include all information and disclosures required in the annual financial statements and should be read in conjunction with the Group’s annual consolidated financial statements as at 31 December 2021. In addition, results for the six months ended 30 June 2022 are not necessarily indicative of the results that may be expected for the financial year ending 31 December 2022. The interim condensed consolidated financial statements are prepared on a going concern basis under the historical cost convention modified to include the measurement at fair value of financial assets and investment properties at fair value through profit or loss, and financial assets at fair value through other comprehensive income. Financial assets measured at fair value through profit and loss include quoted funds, alternative investments and quoted equities. Financial assets at fair value through other comprehensive income include quoted and unquoted equities. Basis of consolidation The interim condensed consolidated financial statements comprise the financial statements of International General Insurance Holdings Ltd. and its subsidiaries as at 30 June 2022. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: ● Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee) ● Exposure, or rights, to variable returns from its involvement with the investee, and ● The ability to use its power over the investee to affect its returns When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: ● The contractual arrangement with the other vote holders of the investee ● Rights arising from other contractual arrangements ● The Group’s voting rights and potential voting rights The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the date the Group gains control until the date the Group ceases to control the subsidiary. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. The Group has the following subsidiaries and branches: Country of incorporation Activity Ownership 30 June 31 December International General Insurance Holdings Limited United Arab Emirates Reinsurance and insurance 100 % 100 % Tiberius Acquisition Corporation United States of America Special purpose acquisition company 100 % 100 % The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited: I.G.I Underwriting /Jordan “Exempted” Jordan Underwriting agency 100 % 100 % North Star Underwriting Limited United Kingdom Underwriting agency 100 % 100 % International General Insurance Co. Ltd. Bermuda Reinsurance and insurance 100 % 100 % The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd. Bermuda: Subsidiaries: International General Insurance Company (UK) Limited United Kingdom Reinsurance and insurance 100 % 100 % International General Insurance Company (Dubai) Ltd. United Arab Emirates Insurance intermediation and insurance management 100 % 100 % International General Insurance Company (Europe) SE* Malta Reinsurance and insurance 100 % 100 % Specialty Malls Investment Company Jordan Real estate properties development and lease 100 % 100 % IGI Services Ltd Cayman Islands Owning and chartering aircraft 100 % 100 % Branches: International General Insurance Company Ltd. - Labuan Branch Malaysia Reinsurance and insurance 100 % 100 % * International General Insurance Company (Europe) SE was acquired by the Group on 25 June 2021 (see note 20). Changes in accounting policies The accounting policies used in the preparation of the interim condensed consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2021. There are no new standards or amendments effective in 2022 that have a material impact on the Group’s interim condensed consolidated financial statements.

Cash at Banks

Cash at Banks	6 Months Ended
Cash at Banks	Jun. 30, 2022
Disclosure of Cash and Banks [Abstract]
CASH AT BANKS	3. CASH AT BANKS (a) CASH AND CASH EQUIVALENTS 30 June 2022 31 December USD ’000 USD ’000 Cash and bank balances* 149,868 205,866 Deposits with original maturities of three months or less 64,045 36,280 213,913 242,146 * This item includes restricted cash in the amount of USD 5,400 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business licensed effective 1 April 2020 (31 December 2021: USD 5,400 thousand). In addition, this item includes a restricted call deposit in the amount of USD 5,000 thousand (31 December 2021: USD 5,000 thousand a deposit with original maturity over three months and less than one year) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is recognised as a liability and transferred to the reinsurance company on a semi-annual basis. (b) TERM DEPOSITS 30 June 2022 31 December USD ’000 USD ’000 Deposits with original maturities over three months and less than one year 111,374 136,278 Deposits with original maturities over one year 43,749 43,688 155,123 179,966 The deposits are denominated in US Dollars and other US Dollars pegged currencies. All deposits earned interest in the range between 0.6%-4.7% (31 December 2021: 0.4%-3.0%) and are held for varying periods between three months up to 5 years depending on the immediate cash requirements of the Group.

Investments

Investments	6 Months Ended
Investments	Jun. 30, 2022
Disclosure of Investments [Abstract]
INVESTMENTS	4. INVESTMENTS 30 June 2022 Amortized Cost Fair value through other comprehensive income Fair value through profit or loss Total USD ’000 USD ’000 USD ’000 USD ’000 Unquoted bonds* 2,677 - - 2,677 Quoted bonds - 470,696 - 470,696 Quoted funds and alternative investments - - 12,123 12,123 Quoted equities - 9,783 13,267 23,050 Unquoted equities** - 7,205 - 7,205 Expected credit losses and impairment (450 ) - - (450 ) 2,227 487,684 25,390 515,301 31 December 2021 Amortized Cost Fair value through other comprehensive income Fair value through profit or loss Total USD ’000 USD ’000 USD ’000 USD ’000 Unquoted bonds* 2,934 - - 2,934 Quoted bonds - 418,445 - 418,445 Quoted funds and alternative investments - - 14,377 14,377 Quoted equities - 13,721 14,162 27,883 Unquoted equities** - 7,046 - 7,046 Expected credit losses and impairment (463 ) - - (463 ) 2,471 439,212 28,539 470,222 * The Group has an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ’Specialized Investment Compound Co.’ a local company based in Jordan which had an original maturity date of 22 February 2016. However, this company is currently under liquidation, due to which 85% of the original bond holdings with a nominal value amounting to USD 1,236 thousand were not paid on that maturity date. This bond is backed up by collateral in the form of real estate properties. However, the Group management has provided USD 450 thousand to cover any potential impairment in the value of the collateral held against said investment by discounting the expected future cash flows generated from the underlying bond collaterals which mainly represent rental income. The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,802 thousand (31 December 2021: USD 6,614 thousand) and USD 403 thousand (31 December 2021: USD 432 thousand). As at 30 June 2022 and 31 December 2021, the Group has measured the fair value of the unquoted investment valued at USD 6,802 thousand (31 December 2021: USD 6,614 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation. As at 30 June 2022 and 31 December 2021, the Group has measured the fair value of the unquoted investment valued at USD 403 thousand (31 December 2021: USD 432 thousand), by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation. There are no active markets for these investments. The movement on the expected credit losses and impairment provision for the bonds at amortized cost is as follows: 30 June 2022 31 December USD ’000 USD ’000 Opening balance 463 397 (Release) addition of provision for investment held at amortized cost (13 ) 66 Ending balance 450 463 The addition of allowance for bonds at FVTOCI for the period ended 30 June 2022 of USD 745 thousand (see note 13) does not change the carrying amount of these investments (which are measured at fair value but gives rise to an equal and opposite gain in OCI). The table below shows the sensitivity of the fair value of Level 3 financial assets as at 30 June 2022 and 30 June 2021: % Positive impact Negative impact Valuation variables USD ’000 USD ’000 30 June 2022 +/-10 428 (428 ) Market multiples applied to a range of financial performance measures* 30 June 2021 +/-10 676 (676 ) Market multiples applied to a range of financial performance measures* * As at 30 June 2021, the fair value measurement of the unquoted equity investment valued at USD 6,802 thousand (30 June 2021: USD 6,427 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 6,374 thousand to USD 7,230 thousand (30 June 2021: USD 5,778 thousand to USD 7,076 thousand).

Investments in Associates

Investments in Associates	6 Months Ended
Investments in Associates	Jun. 30, 2022
Disclosure of Investments in Associates [Abstract]
INVESTMENTS IN ASSOCIATES	5. INVESTMENTS IN ASSOCIATES The Group holds 32.7% equity ownership interest in companies registered in Lebanon as shown below, the investments in associated companies are accounted for using the equity method: Country of incorporation Ownership 30 June 2022 31 December Star Rock SAL Lebanon Lebanon 32.7 % 32.7 % Sina SAL Lebanon Lebanon 32.7 % 32.7 % Silver Rock SAL Lebanon Lebanon 32.7 % 32.7 % Golden Rock SAL Lebanon Lebanon 32.7 % 32.7 % Movement on investments in associates is as follows: 30 June 2022 31 December USD ’000 USD ’000 Opening balance 5,693 11,583 Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income 120 1,358 Adjusted opening balance 5,813 12,941 Share of associated companies’ financial results (24 ) (227 ) Investment properties fair value adjustment - (7,021 ) Share of loss from associates (24 ) (7,248 ) Ending balance 5,789 5,693 The inflation in Lebanon has increased significantly in prior years, and the underlying quantitative and qualitative indicators following the deteriorating economic conditions and currency controls support the conclusion that Lebanon is a hyperinflationary economy. Accordingly, for the purpose of the Group’s interim condensed consolidated financial statements, the associates’ financial statements (which are based on historical cost approach, except for the investment properties which are measured at fair value) have been adjusted to be expressed in terms of the measuring unit current at the end of the reporting period by applying a general price index. The associates’ main business is investing in investment properties located in Beirut, Lebanon. The investment properties of the associates are stated at fair value to bring the associated companies’ accounting policies in line with that of the Group’s. The fair values of the investment properties have been determined by management and in doing so, management has considered valuation performed by third party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm) which represents the significant unobservable input used in the valuation process. The real estate market in Lebanon has changed significantly since the onset of the financial crisis that affected the country. Due to the relatively limited information available under the prevailing market conditions, and as a result of artificial demand created by investors outside the professional real estate development industry, who primarily aim to divest from cash assets into more secure holdings, prices found on the market are uncertain. Furthermore, since the majority of property owners are only accepting payments in US Dollars and not in local Lebanese currency, demand for commercial buildings has dropped considerably. Accordingly, prices found on the market at 30 June 2022, including achieved sales prices, are only indicative and may not hold if the market were to be corrected. All the investment properties generated rental income during the current year and the prior years, except for Sina SAL which did not generate rental income during the six months ended 30 June 2022. The sensitivity of the Group’s interim condensed consolidated statement of income for the six months periods ended 30 June 2022 and 2021 to the change in the price used for the valuation of the investment properties owned by the associates was as follows: Impact on interim condensed consolidated statement of income for the change in price per square meter % Increase Decrease USD ’000 USD ’000 30 June 2022 +/- 20 1,139 (1,139 ) 30 June 2021 +/- 20 3,796 (3,796 )

Outstanding Claims

Outstanding Claims	6 Months Ended
Outstanding Claims	Jun. 30, 2022
Disclosure of Claims and Benefits Outstanding Claims [Abstract]
OUTSTANDING CLAIMS	6. OUTSTANDING CLAIMS Movement in outstanding claims 30 June 2022 31 December 2021 Gross Reinsurers’ share Net Gross Reinsurers’ share Net USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 At the beginning of the period / year Reported claims 306,946 (120,323 ) 186,623 312,334 (160,373 ) 151,961 Claims incurred but not reported 268,953 (61,925 ) 207,028 179,921 (27,112 ) 152,809 575,899 (182,248 ) 393,651 492,255 (187,485 ) 304,770 Claims paid (110,164 ) 57,127 (53,037 ) (119,722 ) 32,411 (87,311 ) Provided during the period / year related to current accident year 126,634 (36,583 ) 90,051 257,233 (64,926 ) 192,307 Provided during the period / year related to previous accident years (26,829 ) 3,773 (23,056 ) (53,867 ) 37,752 (16,115 ) At the end of the period / year 565,540 (157,931 ) 407,609 575,899 (182,248 ) 393,651 At the end of the period / year Reported claims 258,619 (78,679 ) 179,940 306,946 (120,323 ) 186,623 Claims incurred but not reported 306,921 (79,252 ) 227,669 268,953 (61,925 ) 207,028 565,540 (157,931 ) 407,609 575,899 (182,248 ) 393,651

Investment Properties

Investment Properties	6 Months Ended
Investment Properties	Jun. 30, 2022
Disclosure of investment property [Abstract]
INVESTMENT PROPERTIES	7. INVESTMENT PROPERTIES The following table includes summarized information of the Group’s investment properties: 30 June 2022 Commercial building Lands* Total USD ’000 USD ’000 USD ’000 Opening balance 15,683 625 16,308 Additions 11 - 11 Sale of investment properties - (197 ) (197 ) Fair value adjustment (440 ) (22 ) (462 ) Ending balance 15,254 406 15,660 31 December 2021 Commercial building Lands* Total USD ’000 USD ’000 USD ’000 Opening balance 18,168 1,844 20,012 Additions 36 - 36 Sale of investment properties - (1,128 ) (1,128 ) Transfer to property, premises and equipment (1,312 ) - (1,312 ) Fair value adjustment (1,209 ) (91 ) (1,300 ) Ending balance 15,683 625 16,308 * Lands amounting to USD 406 thousand as at 30 June 2022 (31 December 2021: USD 625 thousand) are registered in the name of a former Director of International General Insurance Holdings Limited - Dubai. The Group has obtained a proxy and has full control over these investment properties (see note 14). The fair values of investment properties have been determined by management and in doing so has considered a valuation performed by third parties who are specialists in valuing these types of investment properties. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The management believes that this valuation technique falls under level 3 of the fair value hierarchy since investment properties market is not very active. The sensitivity of the Group’s interim condensed consolidated statement of income for the six months periods ended 30 June 2022 and 2021 to the change in the price used for the valuation of the investment properties was as follows: Impact on interim condensed consolidated statement of income for the change in price per square meter % Average price per square meter Increase Decrease USD USD ’000 USD ’000 Commercial building 30 June 2022 +/- 10 852 1,524 (1,524 ) 30 June 2021 +/- 10 971 1,735 (1,735 ) Impact on interim condensed consolidated statement of income for the change in price per square meter % Average price per square meter Increase Decrease USD USD ’000 USD ’000 Lands 30 June 2022 +/- 10 150 41 (41 ) 30 June 2021 +/- 10 188 141 (141 )

Property, Premises and Equipmen

Property, Premises and Equipment	6 Months Ended
Property, Premises and Equipment	Jun. 30, 2022
Disclosure of property, plant and equipment [Abstract]
PROPERTY, PREMISES AND EQUIPMENT	8 (a). PROPERTY, PREMISES AND EQUIPMENT The additions to the property and equipment during the six-months period ended 30 June 2022 were USD 296 thousand (30 June 2021: USD 267 thousand). The depreciation expense for the six-months period ended 30 June 2022 was USD 780 thousand (30 June 2021: USD 634 thousand). Pursuant to IFRS 16 ‘Lease’, the Group has recognized a total amount of USD 2,890 thousand as a right-of-use assets for the leased offices (31 December 2021: USD 3,189 thousand). During the six-months period ended 30 June 2022, interest expense amounted to USD 73 thousand (30 June 2021: USD 91 thousand) and depreciation expense of USD 404 thousand (30 June 2021: USD 565 thousand) was recognized for the leased assets.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jun. 30, 2022
Disclosure of intangible assets [Abstract]
INTANGIBLE ASSETS	8 (b). INTANGIBLE ASSETS The additions to the intangible assets during the six-months period ended 30 June 2022 were USD 303 thousand (30 June 2021: USD 1,420 thousand). The amortization expense for the six-months period ended 30 June 2022 was USD 622 thousand (30 June 2021: USD 672 thousand).

Derivative Financial Liability

Derivative Financial Liability	6 Months Ended
Derivative Financial Liability	Jun. 30, 2022
Derivative Financial Liability Abstract
DERIVATIVE FINANCIAL LIABILITY	9. DERIVATIVE FINANCIAL LIABILITY In connection with the Business Combination completed on 17 March 2020 (see note 1), the Group issued 17,250,000 warrants, including (i) 12,750,000 warrants issued to former stockholders of Tiberius (the “Public Warrants”) and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (the “Private Warrants”). No Public or Private Warrants (together, the “Warrants”) have been exercised or redeemed since originally issued and until the date of these interim condensed consolidated financial statements. Upon initial recognition on 17 March 2020, the fair value of the Warrants has been determined using a combination of a market approach and valuation technique used by an independent third-party valuation specialist. Based on that, the estimated fair value of the Warrants was USD 9,210 thousand. The Private Warrants are registered for resale on the Group’s registration statement on Form F-3 and are freely tradable into the public market if holders want to sell them. The Public Warrants and Private Warrants broadly have similar terms. There are no restrictions on the transfer of the Private Warrants. Accordingly, the Private Warrants are valued using the price as deemed equivalent to the fair value of the Public Warrants listed on Nasdaq. The table below illustrates the movement on the Warrants during the period / year: 30 June 2022 31 December 2021 USD ’000 USD ’000 Fair value of Warrants at the beginning of the period / year 12,938 13,628 Change in fair value for the period / year (3,619 ) (690 ) Fair value of Warrants at the end of the period / year 9,319 12,938

Equity

Equity	6 Months Ended
Equity	Jun. 30, 2022
Disclosure Of Share Capital Reserves And Other Equity Interest Text Block Abstract
EQUITY	10. EQUITY Common shares According to the Company’s Bye-laws, the authorized share capital of the Group consists of 750,000,000 common shares, par value USD 0.01 per share, and 100,000,000 preference shares, par value USD 0.01 per share. As at 30 June 2022, the issued share capital was 49,305,818 (31 December 2021: 48,880,441) (including 3,012,500 common shares (“Earnout Shares”) subject to vesting but which are issued and outstanding for purposes of voting and receipt of dividends), and no preference shares issued and outstanding. All of the issued and outstanding common shares are fully paid. The following table sets out the number of common shares issued and outstanding as at 30 June 2022 and 31 December 2021: 30 June 2022 No. of shares Par value USD ’000 Common shares (par value of USD 0.01) 45,617,470 456 Earnout shares* (par value of USD 0.01) 3,012,500 30 Restricted share awards (par value of USD 0.01) (note 11) 675,848 7 Common shares issued 49,305,818 493 31 December 2021 No. of shares Par value USD ’000 Common shares (par value of USD 0.01) 45,471,084 455 Earnout shares* (par value of USD 0.01) 3,012,500 30 Restricted share awards (par value of USD 0.01) (note 11) 396,857 4 Common shares issued and outstanding 48,880,441 489 * The earnout shares are subject to vesting at stock prices ranges from USD 11.50 to 15.25. The earnout shares are considered outstanding shares and have dividend and voting rights, however, the earnout shares are non-transferable by their holders until they vest and, if the earnout shares do not vest on or prior to 17 March 2028, they will be cancelled by the Company. Treasury shares On 23 May 2022, the Group announced that the Board of Directors has approved a repurchase authorization of up to 5 million of its issued and outstanding common shares. This authorization, which does not have an expiration date, replaced the Group’s prior authorization of an aggregate consideration of up to USD 5,000 thousand, which was terminated. As at 30 June 2022, the Group repurchased 15,665 shares with a cost of USD 118 thousand.

Share-Based Payments

Share-Based Payments	6 Months Ended
Share-Based Payments	Jun. 30, 2022
Disclosure Of Share Based Payment Arrangements Text Block Abstract
SHARE-BASED PAYMENTS	11. SHARE-BASED PAYMENTS On 3 June 2020, the Board of Directors approved the Group’s share-based employee compensation plan, the 2020 Omnibus Incentive Plan (“the Plan”). Under the Plan, the following awards may be granted: - Options to buy Common Shares (“Stock Options”), which may be either incentive stock options (“Incentive Stock Options” or “ISOs”) qualified under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or non-qualified stock options (“Non-Qualified Stock Options” or “NQSOs”), which do not satisfy the requirements of Incentive Stock Options; - Share appreciation rights (“SARs”) (including tandem, non-tandem and limited SARs); - Restricted share awards (“Restricted Share Awards”); - Performance awards denominated in Common Shares or cash (“Performance Awards”); - Other share-based awards (“Other Share-Based Awards”), including but not limited to restricted share units (“RSUs”); and - Other cash-based awards (“Other Cash-Based Awards”). Grant date fair values represent the closing quoted prices of the Company’s share on Nasdaq on the dates when awards were officially communicated to the participants and shall be applicable for all the three vesting tranches. Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date is the only vesting condition to be met. There is no other performance related condition attached to the vesting of shares. The movement on the number of restricted shares during the period / year is as follows: 30 June 2022 31 December 2021 Balance at 1 January 396,857 134,500 Restricted shares granted 428,377 312,190 Restricted shares vested (146,386 ) (44,833 ) Restricted shares forfeited (3,000 ) (5,000 ) Balance at end of the period / year 675,848 396,857 The Company has applied the graded vesting method in recognition of share-based payment expense. Accordingly, the Company has assessed the expected length of service period from date of shares grant until end of each vesting period respectively and considered this to determine proportionate earnout shares at 30 June 2022 and 31 December 2021 attributed to each vesting tranche. Number of earnout shares to be considered for accounting purposes at period / year end for each tranche are as follow: Earn out shares Grant Days from grant date From first vesting (tranche 1) From second vesting (tranche 2) From third vesting (tranche 3) Total 30 September 2020 grant 632 - (1,139 ) 9,920 8,781 16 February 2021 grant 500 374 15,102 9,857 25,333 30 June 2022 31 March 2021 grant 457 317 12,404 7,912 20,633 9 February 2022 grant 142 40,262 19,056 12,470 71,788 24 March 2022 grant 99 17,296 7,584 4,852 29,732 Total 58,249 53,007 45,011 156,267 7 October 2020 grant 451 1,019 33,635 18,627 53,281 31 December 2021 16 February 2021 grant 319 59,626 27,901 18,211 105,738 31 March 2021 grant 276 43,746 18,914 12,065 74,725 Total 104,391 80,450 48,903 233,744 Accordingly, total earnout shares of 156,267 at 30 June 2022 (31 December 2021: 233,744) are measured at the shares grant date fair value to arrive at expense recognized for the share based payment. For the six-months period ended 30 June 2022, share-based payments expense of USD 1,211 thousand (30 June 2021: USD 779 thousand) was recorded in the interim condensed consolidated statement of income with a corresponding credit to common shares and share premium as shown in the interim condensed consolidated statement of changes in equity.

Cash Dividends

Cash Dividends	6 Months Ended
Cash Dividends	Jun. 30, 2022
Disclosure of Cash Dividends [Abstract]
CASH DIVIDENDS	12. CASH DIVIDENDS Cash dividends declared and paid: The Board of Directors resolved to pay the following dividends for the periods ended 30 June 2022 and 2021: - On 19 May 2022: USD 493 thousand (Dividend per share: USD 0.01) - On 24 March 2022: USD 9,338 thousand (Dividend per share: USD 0.19) - On 25 March 2021: USD 8,288 thousand (Dividend per share: USD 0.17) There are no cash dividends declared but not paid as at 30 June 2022 and 31 December 2021.

Net Investment Income

Net Investment Income	6 Months Ended
Net Investment Income	Jun. 30, 2022
Disclosure Of Investment Entities Text Block Abstract
NET INVESTMENT INCOME	13. Net INVESTMENT InCOME For the six months ended 30 June 2022 2021 USD ’000 USD ’000 Interest income 8,189 7,742 Dividends from equities at FVTOCI 110 43 Dividends from equities at FVTPL 370 456 Realized gains and losses on investments Realized loss on sale of bonds at FVTOCI - (321 ) Realized (loss) gain on sale of equities and mutual funds at FVTPL (14 ) 484 Unrealized gains and losses on investments Unrealized (loss) gain on revaluation of financial assets at FVTPL (3,143 ) 2,128 Gains and losses from investment properties Realized loss on sale of investment properties (4 ) (1 ) Unrealized loss on investment properties (461 ) (815 ) Rental income 77 89 Expected credit losses on investments Expected credit loss on financial assets at FVOCI (745 ) (32 ) Reversal of expected credit loss on financial assets at amortized cost 13 - Investments custodian fees and other investments expenses (237 ) (443 ) 4,155 9,330

Related party transactions

Related party transactions	6 Months Ended
Related party transactions	Jun. 30, 2022
Disclosure Of Related Party Text Block Abstract
RELATED PARTY TRANSACTIONS	14. Related party transactions Related parties represent major shareholders, associates, directors and key management personnel of the Group and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and terms of these transactions are approved by the Group’s management. ▪ Compensation of key management personnel of the Group for the period ended 30 June 2022, consisting of salaries and benefits was USD 3,017 thousand (30 June 2021: USD 2,280 thousand). Out of the total amount of key management personnel compensation, an amount of USD 821 thousand (30 June 2021: USD 538 thousand) represents long-term benefits which are the earn out value of share-based expenses resulting from the issuance of restricted share awards to key management personnel during the period pursuant to the ‘International General Insurance Holdings Ltd. 2020 Omnibus Incentive Plan’ (see note 11). ▪ The Group has paid aircraft management fees and chartering revenues commission in the amount of USD 139 thousand (30 June 2021: USD 131 thousand) to Arab Wings Co. where a shareholder has a controlling interest. As at 30 June 2022, there was an amount of USD 95 thousand payable from Arab Wings Co. (31 December 2021: payable of USD 186 thousand). ▪ Included within the investment properties (see note 7) are lands with a total amount of USD 406 thousand (31 December 2021: USD 625 thousand) registered in the name of a former Director of the Group. The Group has obtained a proxy and has full control over these investment properties. ▪ In connection with the Business Combination, the Group issued 4,000,000 warrants in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh (the Chief Executive Officer and Chairman of the Board of Directors) (see note 9). As at 30 June 2022, none of the Warrants have been exercised or redeemed since originally issued. ▪ On 24 March 2022, the Board of Directors approved the grant of 149,377 restricted shares to Wasef Jabsheh (the Chief Executive Officer and Chairman of the Board of Directors) pursuant to the Group’s 2020 Omnibus Incentive Plan (see note 11).

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2022
Disclosure of Earnings Per Share [Abstract]
EARNINGS PER SHARE	15. EaRNINGS PER SHARE Basic earnings per share represents the profits attributable to the ordinary shareholders divided by the weighted average number of common shares outstanding during the periods. Diluted earnings per share represents the profits attributable to the ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the period plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. As at 30 June 2022, the earnout shares and restricted share awards were unvested, however, since these shares contain a nonforfeitable rights to dividends, whether paid or unpaid, they are considered as participating securities and hence included in the computation of both basic and diluted earnings per share. At the closing of the Business Combination the Company issued 17,250,000 warrants, including (i) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 9 and 19). The Warrants were not included in the calculation of the diluted earnings per shares, as the average market price of ordinary shares during the period has not exceeded the exercise price of the Warrants and therefore their effect would be antidilutive. The following table shows the calculation of the basic and diluted earnings per share for the six months ended 30 June 2022 and 2021. For the six months ended 2022 2021 Profit for the period (USD ’000) 41,267 18,426 Less: profit attributable to the earnout shares (USD ’000) 2,522 1,135 Less: profit attributable to the restricted share awards (USD ’000) 566 168 Net profit available to common shareholders (USD ’000) 38,179 17,123 Weighted average number of shares – basic and diluted 45,616,188 45,470,835 Basic and diluted earnings per share (USD) 0.84 0.38

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Disclosure Of Commitments Text Block Abstract
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES As at 30 June 2022, the Group is contingently liable for the following: ▪ Letters of Credit amounting to USD 3,430 thousand to the order of reinsurance companies for collateralizing insurance contract liabilities in accordance with the reinsurance arrangements (31 December 2021: USD 6,550 thousand). ▪ Letter of Guarantee amounting to USD 294 thousand to the order of Friends Provident Life Assurance Limited for collateralizing a rent payment obligation in one of the Group entity’s office premises (31 December 2021: USD 327 thousand). ▪ In 2021, the Group signed a legally non-binding agreement with the University of California, San Francisco Foundation to contribute an amount of USD 1,250 thousand in five instalments over five years to support cancer research projects. As at 30 June 2022, the Group has paid USD 250 thousand and the remaining four instalments amounted to USD 1,000 thousand shall be made equally over the years from 2022 to 2025.

Fair value

Fair value	6 Months Ended
Fair value	Jun. 30, 2022
Disclosure Of Fair Value Measurement Text Block Abstract
FAIR VALUE	17. Fair value The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation techniques: Level 1 Level 2 Level 3 For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. 30 June 2022 Level 1 Level 2 Level 3 Total USD ’000 USD ’000 USD ’000 USD ’000 Assets measured at fair value: FVTPL 13,267 12,123 - 25,390 Quoted equities at FVOCI 9,783 - - 9,783 Quoted bonds at FVOCI 404,739 65,957 - 470,696 Unquoted equities at FVOCI* - - 7,205 7,205 Investment properties - - 15,660 15,660 427,789 78,080 22,865 528,734 Liabilities measured at fair value: Derivative financial liability - 9,319 - 9,319 31 December 2021 Level 1 Level 2 Level 3 Total USD ’000 USD ’000 USD ’000 USD ’000 Assets measured at fair value: FVTPL 14,162 14,377 - 28,539 Quoted equities at FVOCI 13,721 - - 13,721 Quoted bonds at FVOCI 356,141 62,304 - 418,445 Unquoted equities at FVOCI* - - 7,046 7,046 Investment properties - - 16,308 16,308 384,024 76,681 23,354 484,059 Liabilities measured at fair value: Derivative financial liability - 12,938 - 12,938 Quoted bonds at fair value through other comprehensive income amounting to USD 15,968 thousand were transferred from level 1 to level 2 as at 30 June 2022. In addition, quoted bonds at fair value through other comprehensive income amounting to USD 4,340 thousand were transferred from level 2 to level 1 as at 30 June 2022. These transfers between levels 1 and 2 occur depending on the input that is significant to the fair value measurement of the financial assets. As at 31 December 2021, the management has refined the criteria for financial assets being allocated to level 1, accordingly, USD 14,377 thousand and USD 62,304 thousand of financial assets through profit or loss and quoted bonds at fair value through other comprehensive income, respectively, were transferred out of level 1 to level 2. As at 30 June 2022 and 31 December 2021, derivative financial liability was categorized at level 2 due to lack of sufficient trading volume at period and year end, respectively. There were no transfers into or out of level 3 during the six months period ended 30 June 2022 and year ended 31 December 2021. * Reconciliation of fair value of the unquoted equities under level 3 fair value hierarchy is as follows: 30 June 31 December USD ’000 USD ’000 Balance at the beginning of the period / year 7,046 6,748 Total gains recognized in OCI 159 298 Balance at the end of the period / year 7,205 7,046

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Jun. 30, 2022
Disclosure of Segment Reporting [Abstract]
SEGMENT REPORTING	18. Segment Reporting The Group’s chief operating decision maker (“CODM”) is the Executive Committee, which periodically reviews financial information at the business line level. Thus, each of the business lines in which the Group operates are considered operating segments. The Group has aggregated operating segments into the following reporting segments for the purposes of its interim condensed consolidated financial statements: 1. Specialty Long tail (comprising business lines with underwriting risks assumed in form of liability insurance and of a long-term nature with respect to related claims). 2. Specialty Short tail (comprising business lines with underwriting risks assumed in the form of property and specialty line insurance and of a short-term nature with respect to related claims). 3. Reinsurance which covers the inward reinsurance treaty and is a single operating segment. The Group is of the view that the quantitative and qualitative aspects of the aggregated operating segments are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) nature of products, (ii) similarities of customer base, products, underwriting processes and outward reinsurance processes, (iii) regulatory environments and (iv) distribution methods. Segment performance is evaluated based on net underwriting results and is measured consistently with the overall net underwriting results in the interim condensed consolidated financial statements. The Group also has general and administrative expenses, net investment income, gain/loss on foreign exchange, other expenses/revenues, change in fair value of derivative financial liability and tax expense. These financial items are presented under “Corporate and Other” in the tables below as the Group does not allocate them to individual reporting segments. a) Segment disclosure for the Group’s consolidated operations is as follows: For the period ended 30 June 2022 Speci alty Long tail Specialty Short tail Reinsurance Sub Total Corporate and Other Total USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 Underwriting revenues Gross written premiums 103,376 180,709 20,347 304,432 - 304,432 Reinsurer’s share of insurance premiums (28,117 ) (69,294 ) - (97,411 ) - (97,411 ) Net written premiums 75,259 111,415 20,347 207,021 - 207,021 Net change in unearned premiums 6,256 (24,354 ) (5,900 ) (23,998 ) - (23,998 ) Net premiums earned 81,515 87,061 14,447 183,023 - 183,023 Underwriting deductions Net policy acquisition expenses (16,889 ) (14,698 ) (2,712 ) (34,299 ) - (34,299 ) Net claims and claim adjustment expenses (27,406 ) (31,143 ) (8,446 ) (66,995 ) - (66,995 ) Net underwriting results 37,220 41,220 3,289 81,729 - 81,729 General and administrative expenses - - - - (33,338 ) (33,338 ) Net investment income - - - - 4,155 4,155 Share of profit from associates - - - - (24 ) (24 ) Impairment loss on insurance receivables - - - - (2,071 ) (2,071 ) Other revenues - - - - 1,150 1,150 Other expenses - - - - (1,258 ) (1,258 ) Change in fair value of derivative financial liability - - - - 3,619 3,619 Loss on foreign exchange - - - - (12,700 ) (12,700 ) Profit (loss) before tax 37,220 41,220 3,289 81,729 (40,467 ) 41,262 Income tax - - - - 5 5 Profit (loss) for the period 37,220 41,220 3,289 81,729 (40,462 ) 41,267 For the period ended 30 June 2021 Specialty Long tail Specialty Short tail Reinsurance Sub Total Corporate and Other Total USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 Underwriting revenues Gross written premiums 101,286 150,930 14,556 266,772 - 266,772 Reinsurer’s share of insurance premiums (26,847 ) (53,231 ) - (80,078 ) - (80,078 ) Net written premiums 74,439 97,699 14,556 186,694 - 186,694 Net change in unearned premiums 8,325 (23,932 ) (3,270 ) (18,877 ) - (18,877 ) Net premiums earned 82,764 73,767 11,286 167,817 - 167,817 Underwriting deductions Net policy acquisition expenses (13,994 ) (13,603 ) (1,792 ) (29,389 ) - (29,389 ) Net claims and claim adjustment expenses (46,176 ) (36,741 ) (6,949 ) (89,866 ) - (89,866 ) Net underwriting results 22,594 23,423 2,545 48,562 - 48,562 General and administrative expenses - - - - (29,284 ) (29,284 ) Net investment income - - - - 9,330 9,330 Share of loss from associates - - - - 258 258 Impairment loss on insurance receivables - - - - (1,121 ) (1,121 ) Other revenues - - - - 1,021 1,021 Other expenses - - - - (1,438 ) (1,438 ) Change in fair value of derivative financial liability - - - - (3,795 ) (3,795 ) Loss on foreign exchange - - - - (3,175 ) (3,175 ) Profit (loss) before tax 22,594 23,423 2,545 48,562 (28,204 ) 20,358 Income tax - - - - (1,932 ) (1,932 ) Profit (loss) for the period 22,594 23,423 2,545 48,562 (30,136 ) 18,426 b) Non–current operating assets information by geography as at 30 June 2022 and 31 December 2021 are as follows: 30 June 2022 31 December USD ’000 USD ’000 Middle East 30,704 32,165 North Africa 254 301 UK 2,636 2,968 Asia 9 31 Europe 18 23 North America 117 - 33,738 35,488 Non-current assets for this purpose consist of property, plant and equipment, right-of-use assets, investment properties and intangible assets.

Acquisition of a Subsidiary

Acquisition of a Subsidiary	6 Months Ended
Acquisition of a Subsidiary	Jun. 30, 2022
Description Of Accounting Policy For Subsidiaries Text Block Abstract
ACQUISITION OF A SUBSIDIARY	19. ACQUISITION OF A SUBSIDIARY Following the United Kingdom’s (“UK”) decision to withdraw from the European Union (“EU”) (“Brexit”), the U.K. began a process of “onshoring” EU legislation whereby the UK replicated EU law in UK legislation and regulation and then amended it so that it would be operationally effective following the end of the Brexit transition period on December 31, 2020. As an automatic consequence of the UK’s departure from the EU’s single market, passporting rights to and from the UK ended at the end of the transition period. Passporting is the exercise of the right available to a firm authorised in one European Economic Area (“EEA”) member state to carry on certain activities covered by an EU single market directive in another EEA member state, on the basis of its home state authorisation. For firms based in the UK, this means the loss of access to EU markets. As of the end of the transition period, the Group’s subsidiary in UK has lost its passporting rights in the EU, such that it can no longer write insurance business in EEA countries under the “freedom of services” regime or write insurance business through a place of business in an EEA member state under the “freedom of establishment” regime using the rights contained in the European Council’s Solvency II Directive. In response to Brexit, the Group developed a contingency plan to ensure that it will be able to continue to provide insurance services throughout Europe despite Brexit. To that end, the Group submitted an application and scheme of operations to the Malta Financial Services Authority in November 2020. The application can be used as a change of control application or a full new licensing application. In continuation to the above, the Group acquired 100% of the voting shares of R&Q Epsilon Insurance Company SE (“R&Q Epsilon”), a non-listed company based in Malta engaged in the business of insurance in certain classes of general insurance business. Simultaneously, with the execution of the acquisition agreement, the new subsidiary was renamed International General Insurance Company (Europe) SE (“IGI Europe”). The strategy to purchase R&Q Epsilon, as opposed to incorporating a new subsidiary from afresh, was based on operational factors. R&Q Epsilon already had an operational UK based bank account and, given the requirement to use the Xchanging payment platform for broker-based business (especially where the Group is co-ensuring the European risks on global business), it was necessary for the Group to have an account for IGI Europe with a bank that is part of the LIPS (LPC Irrevocable Payment Scheme). The acquisition agreement of R&Q Epsilon Insurance Company SE (former company) was fully executed on 25 June 2021 (the “Acquisition Date”) for a purchase consideration of USD 6,200 thousand. The Group accounted for the acquisition of R&Q Epsilon under IFRS 3 “Business Combinations”. The book and fair values of the identifiable assets and liabilities of International General Insurance Company (Europe) SE as at the date of acquisition were: Book value Fair value recognized on acquisition USD ’000 USD ’000 Assets Insurance receivables and other assets 184 143 Bank Balances 6,054 6,054 6,238 6,197 Liabilities Insurance payables and other liabilities (38 ) (38 ) (38 ) (38 ) Total identifiable net assets at fair value 6,200 6,159 Goodwill arising on acquisition 41 Purchase consideration transferred 6,200 The movement on the goodwill during the year is as follows 31 December 2021 USD ’000 Balance at the beginning of the year - Goodwill arising from acquisition of a subsidiary 41 Impairment loss (41 ) Balance at the end of the year - Goodwill arising on acquisition of former company was fully impaired since the regulatory approval to write business was granted solely on the strength of IGI Europe’s application and business plan submitted to Malta Financial Services Authority. From the date of acquisition until 31 December 2021, International General Insurance Company (Europe) SE contributed USD 9,768 thousand of gross written premiums and USD 1,181 thousand of net loss to profit before tax of the Group. Analysis of cash flows on acquisition: USD ’000 Net cash acquired with the subsidiary 6,054 Cash paid (6,200 ) Net cash flow on acquisition (146 ) On 13 July 2021, the Malta Financial Services Authority (“MFSA”) authorised IGI Europe to write insurance and reinsurance business. As at 30 June 2021 (the end of the first reporting period), the Group had provisionally accounted for the acquisition of R&Q Epsilon and accordingly determined that the fair value of the net assets and liabilities was approximately equivalent to the book value. Nonetheless, in accordance with the one-year measurement period permitted under IFRS 3, the Group had reassessed the provisional carrying amount of net identified asset and liabilities of R&Q Epsilon at 31 December 2021 and accordingly reflected the new information obtained about facts and circumstances that were in existence at the Acquisition Date as illustrated above.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Disclosure of Subsequent Events [Abstract]
SUBSEQUENT EVENTS	20. subsequent events There have been no material events between 30 June 2022 and the date of this report which are required to be disclosed.

Basis of Preparation (Tables)

Basis of Preparation (Tables)	6 Months Ended
Basis of Preparation (Tables)	Jun. 30, 2022
Disclosure of Basis of Preparation [Abstract]
Schedule of subsidiaries	Country of incorporation Activity Ownership 30 June 31 December International General Insurance Holdings Limited United Arab Emirates Reinsurance and insurance 100 % 100 % Tiberius Acquisition Corporation United States of America Special purpose acquisition company 100 % 100 % The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited: I.G.I Underwriting /Jordan “Exempted” Jordan Underwriting agency 100 % 100 % North Star Underwriting Limited United Kingdom Underwriting agency 100 % 100 % International General Insurance Co. Ltd. Bermuda Reinsurance and insurance 100 % 100 % The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd. Bermuda: Subsidiaries: International General Insurance Company (UK) Limited United Kingdom Reinsurance and insurance 100 % 100 % International General Insurance Company (Dubai) Ltd. United Arab Emirates Insurance intermediation and insurance management 100 % 100 % International General Insurance Company (Europe) SE* Malta Reinsurance and insurance 100 % 100 % Specialty Malls Investment Company Jordan Real estate properties development and lease 100 % 100 % IGI Services Ltd Cayman Islands Owning and chartering aircraft 100 % 100 % Branches: International General Insurance Company Ltd. - Labuan Branch Malaysia Reinsurance and insurance 100 % 100 % * International General Insurance Company (Europe) SE was acquired by the Group on 25 June 2021 (see note 20).

Cash at Banks (Tables)

Cash at Banks (Tables)	6 Months Ended
Cash at Banks (Tables)	Jun. 30, 2022
Disclosure of Cash and Banks [Abstract]
Schedule of cash and cash equivalents	30 June 2022 31 December USD ’000 USD ’000 Cash and bank balances* 149,868 205,866 Deposits with original maturities of three months or less 64,045 36,280 213,913 242,146 * This item includes restricted cash in the amount of USD 5,400 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business licensed effective 1 April 2020 (31 December 2021: USD 5,400 thousand). In addition, this item includes a restricted call deposit in the amount of USD 5,000 thousand (31 December 2021: USD 5,000 thousand a deposit with original maturity over three months and less than one year) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is recognised as a liability and transferred to the reinsurance company on a semi-annual basis.
Schedule of term deposits	30 June 2022 31 December USD ’000 USD ’000 Deposits with original maturities over three months and less than one year 111,374 136,278 Deposits with original maturities over one year 43,749 43,688 155,123 179,966

Investments (Tables)

Investments (Tables)	6 Months Ended
Investments (Tables)	Jun. 30, 2022
Disclosure of Investments [Abstract]
Schedule of group financial investments	30 June 2022 Amortized Cost Fair value through other comprehensive income Fair value through profit or loss Total USD ’000 USD ’000 USD ’000 USD ’000 Unquoted bonds* 2,677 - - 2,677 Quoted bonds - 470,696 - 470,696 Quoted funds and alternative investments - - 12,123 12,123 Quoted equities - 9,783 13,267 23,050 Unquoted equities** - 7,205 - 7,205 Expected credit losses and impairment (450 ) - - (450 ) 2,227 487,684 25,390 515,301 31 December 2021 Amortized Cost Fair value through other comprehensive income Fair value through profit or loss Total USD ’000 USD ’000 USD ’000 USD ’000 Unquoted bonds* 2,934 - - 2,934 Quoted bonds - 418,445 - 418,445 Quoted funds and alternative investments - - 14,377 14,377 Quoted equities - 13,721 14,162 27,883 Unquoted equities** - 7,046 - 7,046 Expected credit losses and impairment (463 ) - - (463 ) 2,471 439,212 28,539 470,222
Schedule of expected credit losses and impairment provision for the bonds	30 June 2022 31 December USD ’000 USD ’000 Opening balance 463 397 (Release) addition of provision for investment held at amortized cost (13 ) 66 Ending balance 450 463
Schedule of fair value of level 3 financial assets	% Positive impact Negative impact Valuation variables USD ’000 USD ’000 30 June 2022 +/-10 428 (428 ) Market multiples applied to a range of financial performance measures* 30 June 2021 +/-10 676 (676 ) Market multiples applied to a range of financial performance measures*

Investments in Associates (Tabl

Investments in Associates (Tables)	6 Months Ended
Investments in Associates (Tables)	Jun. 30, 2022
Disclosure of Investments in Associates [Abstract]
Schedule of investments in associated companies equity method	Country of incorporation Ownership 30 June 2022 31 December Star Rock SAL Lebanon Lebanon 32.7 % 32.7 % Sina SAL Lebanon Lebanon 32.7 % 32.7 % Silver Rock SAL Lebanon Lebanon 32.7 % 32.7 % Golden Rock SAL Lebanon Lebanon 32.7 % 32.7 %
Schedule of movement on investments in associates	30 June 2022 31 December USD ’000 USD ’000 Opening balance 5,693 11,583 Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income 120 1,358 Adjusted opening balance 5,813 12,941 Share of associated companies’ financial results (24 ) (227 ) Investment properties fair value adjustment - (7,021 ) Share of loss from associates (24 ) (7,248 ) Ending balance 5,789 5,693
Schedule of financial statements to the change in the price used for the valuation of the investment properties	Impact on interim condensed consolidated statement of income for the change in price per square meter % Increase Decrease USD ’000 USD ’000 30 June 2022 +/- 20 1,139 (1,139 ) 30 June 2021 +/- 20 3,796 (3,796 )

Outstanding Claims (Tables)

Outstanding Claims (Tables)	6 Months Ended
Outstanding Claims (Tables)	Jun. 30, 2022
Disclosure of Claims and Benefits Outstanding Claims [Abstract]
Schedule of movement in outstanding claims	30 June 2022 31 December 2021 Gross Reinsurers’ share Net Gross Reinsurers’ share Net USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 At the beginning of the period / year Reported claims 306,946 (120,323 ) 186,623 312,334 (160,373 ) 151,961 Claims incurred but not reported 268,953 (61,925 ) 207,028 179,921 (27,112 ) 152,809 575,899 (182,248 ) 393,651 492,255 (187,485 ) 304,770 Claims paid (110,164 ) 57,127 (53,037 ) (119,722 ) 32,411 (87,311 ) Provided during the period / year related to current accident year 126,634 (36,583 ) 90,051 257,233 (64,926 ) 192,307 Provided during the period / year related to previous accident years (26,829 ) 3,773 (23,056 ) (53,867 ) 37,752 (16,115 ) At the end of the period / year 565,540 (157,931 ) 407,609 575,899 (182,248 ) 393,651 At the end of the period / year Reported claims 258,619 (78,679 ) 179,940 306,946 (120,323 ) 186,623 Claims incurred but not reported 306,921 (79,252 ) 227,669 268,953 (61,925 ) 207,028 565,540 (157,931 ) 407,609 575,899 (182,248 ) 393,651

Investment Properties (Tables)

Investment Properties (Tables)	6 Months Ended
Investment Properties (Tables)	Jun. 30, 2022
Disclosure of investment property [Abstract]
Schedule of investment properties	30 June 2022 Commercial building Lands* Total USD ’000 USD ’000 USD ’000 Opening balance 15,683 625 16,308 Additions 11 - 11 Sale of investment properties - (197 ) (197 ) Fair value adjustment (440 ) (22 ) (462 ) Ending balance 15,254 406 15,660 31 December 2021 Commercial building Lands* Total USD ’000 USD ’000 USD ’000 Opening balance 18,168 1,844 20,012 Additions 36 - 36 Sale of investment properties - (1,128 ) (1,128 ) Transfer to property, premises and equipment (1,312 ) - (1,312 ) Fair value adjustment (1,209 ) (91 ) (1,300 ) Ending balance 15,683 625 16,308 * Lands amounting to USD 406 thousand as at 30 June 2022 (31 December 2021: USD 625 thousand) are registered in the name of a former Director of International General Insurance Holdings Limited - Dubai. The Group has obtained a proxy and has full control over these investment properties (see note 14).
Schedule of change in the price used for the valuation of the investment properties	Impact on interim condensed consolidated statement of income for the change in price per square meter % Average price per square meter Increase Decrease USD USD ’000 USD ’000 Commercial building 30 June 2022 +/- 10 852 1,524 (1,524 ) 30 June 2021 +/- 10 971 1,735 (1,735 ) Impact on interim condensed consolidated statement of income for the change in price per square meter % Average price per square meter Increase Decrease USD USD ’000 USD ’000 Lands 30 June 2022 +/- 10 150 41 (41 ) 30 June 2021 +/- 10 188 141 (141 )

Derivative Financial Liability

Derivative Financial Liability (Tables)	6 Months Ended
Derivative Financial Liability (Tables)	Jun. 30, 2022
Derivative Financial Liability Abstract
Schedule of warrants	30 June 2022 31 December 2021 USD ’000 USD ’000 Fair value of Warrants at the beginning of the period / year 12,938 13,628 Change in fair value for the period / year (3,619 ) (690 ) Fair value of Warrants at the end of the period / year 9,319 12,938

Equity (Tables)

Equity (Tables)	6 Months Ended
Equity (Tables)	Jun. 30, 2022
Disclosure Of Share Capital Reserves And Other Equity Interest Text Block Abstract
Schedule of number of common shares issued and outstanding	30 June 2022 No. of shares Par value USD ’000 Common shares (par value of USD 0.01) 45,617,470 456 Earnout shares* (par value of USD 0.01) 3,012,500 30 Restricted share awards (par value of USD 0.01) (note 11) 675,848 7 Common shares issued 49,305,818 493 31 December 2021 No. of shares Par value USD ’000 Common shares (par value of USD 0.01) 45,471,084 455 Earnout shares* (par value of USD 0.01) 3,012,500 30 Restricted share awards (par value of USD 0.01) (note 11) 396,857 4 Common shares issued and outstanding 48,880,441 489

Share-Based Payments (Tables)

Share-Based Payments (Tables)	6 Months Ended
Share-Based Payments (Tables)	Jun. 30, 2022
Disclosure Of Share Based Payment Arrangements Text Block Abstract
Schedule of restricted shares	30 June 2022 31 December 2021 Balance at 1 January 396,857 134,500 Restricted shares granted 428,377 312,190 Restricted shares vested (146,386 ) (44,833 ) Restricted shares forfeited (3,000 ) (5,000 ) Balance at end of the period / year 675,848 396,857
Schedule of earnout shares	Earn out shares Grant Days from grant date From first vesting (tranche 1) From second vesting (tranche 2) From third vesting (tranche 3) Total 30 September 2020 grant 632 - (1,139 ) 9,920 8,781 16 February 2021 grant 500 374 15,102 9,857 25,333 30 June 2022 31 March 2021 grant 457 317 12,404 7,912 20,633 9 February 2022 grant 142 40,262 19,056 12,470 71,788 24 March 2022 grant 99 17,296 7,584 4,852 29,732 Total 58,249 53,007 45,011 156,267 7 October 2020 grant 451 1,019 33,635 18,627 53,281 31 December 2021 16 February 2021 grant 319 59,626 27,901 18,211 105,738 31 March 2021 grant 276 43,746 18,914 12,065 74,725 Total 104,391 80,450 48,903 233,744

Net Investment Income (Tables)

Net Investment Income (Tables)	6 Months Ended
Net Investment Income (Tables)	Jun. 30, 2022
Disclosure Of Investment Entities Text Block Abstract
Schedule of net investment income	For the six months ended 30 June 2022 2021 USD ’000 USD ’000 Interest income 8,189 7,742 Dividends from equities at FVTOCI 110 43 Dividends from equities at FVTPL 370 456 Realized gains and losses on investments Realized loss on sale of bonds at FVTOCI - (321 ) Realized (loss) gain on sale of equities and mutual funds at FVTPL (14 ) 484 Unrealized gains and losses on investments Unrealized (loss) gain on revaluation of financial assets at FVTPL (3,143 ) 2,128 Gains and losses from investment properties Realized loss on sale of investment properties (4 ) (1 ) Unrealized loss on investment properties (461 ) (815 ) Rental income 77 89 Expected credit losses on investments Expected credit loss on financial assets at FVOCI (745 ) (32 ) Reversal of expected credit loss on financial assets at amortized cost 13 - Investments custodian fees and other investments expenses (237 ) (443 ) 4,155 9,330

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2022
Disclosure of Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	For the six months ended 2022 2021 Profit for the period (USD ’000) 41,267 18,426 Less: profit attributable to the earnout shares (USD ’000) 2,522 1,135 Less: profit attributable to the restricted share awards (USD ’000) 566 168 Net profit available to common shareholders (USD ’000) 38,179 17,123 Weighted average number of shares – basic and diluted 45,616,188 45,470,835 Basic and diluted earnings per share (USD) 0.84 0.38

Fair value (Tables)

Fair value (Tables)	6 Months Ended
Fair value (Tables)	Jun. 30, 2022
Disclosure Of Fair Value Measurement Text Block Abstract
Schedule of assets and liabilities that are recognized in the financial statements	30 June 2022 Level 1 Level 2 Level 3 Total USD ’000 USD ’000 USD ’000 USD ’000 Assets measured at fair value: FVTPL 13,267 12,123 - 25,390 Quoted equities at FVOCI 9,783 - - 9,783 Quoted bonds at FVOCI 404,739 65,957 - 470,696 Unquoted equities at FVOCI* - - 7,205 7,205 Investment properties - - 15,660 15,660 427,789 78,080 22,865 528,734 Liabilities measured at fair value: Derivative financial liability - 9,319 - 9,319 31 December 2021 Level 1 Level 2 Level 3 Total USD ’000 USD ’000 USD ’000 USD ’000 Assets measured at fair value: FVTPL 14,162 14,377 - 28,539 Quoted equities at FVOCI 13,721 - - 13,721 Quoted bonds at FVOCI 356,141 62,304 - 418,445 Unquoted equities at FVOCI* - - 7,046 7,046 Investment properties - - 16,308 16,308 384,024 76,681 23,354 484,059 Liabilities measured at fair value: Derivative financial liability - 12,938 - 12,938
Schedule of reconciliation of fair value of the unquoted equities	30 June 31 December USD ’000 USD ’000 Balance at the beginning of the period / year 7,046 6,748 Total gains recognized in OCI 159 298 Balance at the end of the period / year 7,205 7,046

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Jun. 30, 2022
Disclosure of Segment Reporting [Abstract]
Schedule of consolidated operations	For the period ended 30 June 2022 Speci alty Long tail Specialty Short tail Reinsurance Sub Total Corporate and Other Total USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 Underwriting revenues Gross written premiums 103,376 180,709 20,347 304,432 - 304,432 Reinsurer’s share of insurance premiums (28,117 ) (69,294 ) - (97,411 ) - (97,411 ) Net written premiums 75,259 111,415 20,347 207,021 - 207,021 Net change in unearned premiums 6,256 (24,354 ) (5,900 ) (23,998 ) - (23,998 ) Net premiums earned 81,515 87,061 14,447 183,023 - 183,023 Underwriting deductions Net policy acquisition expenses (16,889 ) (14,698 ) (2,712 ) (34,299 ) - (34,299 ) Net claims and claim adjustment expenses (27,406 ) (31,143 ) (8,446 ) (66,995 ) - (66,995 ) Net underwriting results 37,220 41,220 3,289 81,729 - 81,729 General and administrative expenses - - - - (33,338 ) (33,338 ) Net investment income - - - - 4,155 4,155 Share of profit from associates - - - - (24 ) (24 ) Impairment loss on insurance receivables - - - - (2,071 ) (2,071 ) Other revenues - - - - 1,150 1,150 Other expenses - - - - (1,258 ) (1,258 ) Change in fair value of derivative financial liability - - - - 3,619 3,619 Loss on foreign exchange - - - - (12,700 ) (12,700 ) Profit (loss) before tax 37,220 41,220 3,289 81,729 (40,467 ) 41,262 Income tax - - - - 5 5 Profit (loss) for the period 37,220 41,220 3,289 81,729 (40,462 ) 41,267 For the period ended 30 June 2021 Specialty Long tail Specialty Short tail Reinsurance Sub Total Corporate and Other Total USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 USD ’000 Underwriting revenues Gross written premiums 101,286 150,930 14,556 266,772 - 266,772 Reinsurer’s share of insurance premiums (26,847 ) (53,231 ) - (80,078 ) - (80,078 ) Net written premiums 74,439 97,699 14,556 186,694 - 186,694 Net change in unearned premiums 8,325 (23,932 ) (3,270 ) (18,877 ) - (18,877 ) Net premiums earned 82,764 73,767 11,286 167,817 - 167,817 Underwriting deductions Net policy acquisition expenses (13,994 ) (13,603 ) (1,792 ) (29,389 ) - (29,389 ) Net claims and claim adjustment expenses (46,176 ) (36,741 ) (6,949 ) (89,866 ) - (89,866 ) Net underwriting results 22,594 23,423 2,545 48,562 - 48,562 General and administrative expenses - - - - (29,284 ) (29,284 ) Net investment income - - - - 9,330 9,330 Share of loss from associates - - - - 258 258 Impairment loss on insurance receivables - - - - (1,121 ) (1,121 ) Other revenues - - - - 1,021 1,021 Other expenses - - - - (1,438 ) (1,438 ) Change in fair value of derivative financial liability - - - - (3,795 ) (3,795 ) Loss on foreign exchange - - - - (3,175 ) (3,175 ) Profit (loss) before tax 22,594 23,423 2,545 48,562 (28,204 ) 20,358 Income tax - - - - (1,932 ) (1,932 ) Profit (loss) for the period 22,594 23,423 2,545 48,562 (30,136 ) 18,426
Schedule of non-current operating assets information by geography	30 June 2022 31 December USD ’000 USD ’000 Middle East 30,704 32,165 North Africa 254 301 UK 2,636 2,968 Asia 9 31 Europe 18 23 North America 117 - 33,738 35,488

Acquisition of a Subsidiary (Ta

Acquisition of a Subsidiary (Tables)	6 Months Ended
Acquisition of a Subsidiary (Tables)	Jun. 30, 2022
Description Of Accounting Policy For Subsidiaries Text Block Abstract
Schedule of fair values assets and liabilitiestable	Book value Fair value recognized on acquisition USD ’000 USD ’000 Assets Insurance receivables and other assets 184 143 Bank Balances 6,054 6,054 6,238 6,197 Liabilities Insurance payables and other liabilities (38 ) (38 ) (38 ) (38 ) Total identifiable net assets at fair value 6,200 6,159 Goodwill arising on acquisition 41 Purchase consideration transferred 6,200
Schedule of goodwill	31 December 2021 USD ’000 Balance at the beginning of the year - Goodwill arising from acquisition of a subsidiary 41 Impairment loss (41 ) Balance at the end of the year -
Schedule of cash flows on acquisition	USD ’000 Net cash acquired with the subsidiary 6,054 Cash paid (6,200 ) Net cash flow on acquisition (146 )

Basis of Preparation (Details)

Basis of Preparation (Details) - Schedule of subsidiaries		6 Months Ended	12 Months Ended
Basis of Preparation (Details) - Schedule of subsidiaries		Jun. 30, 2022	Dec. 31, 2021
International General Insurance Holdings Limited [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		United Arab Emirates
Activity		Reinsurance and insurance
Ownership		100%	100%
Tiberius Acquisition Corporation [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		United States of America
Activity		Special purpose acquisition company
Ownership		100%	100%
I.G.I Underwriting /Jordan “Exempted” [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		Jordan
Activity		Underwriting agency
Ownership		100%	100%
North Star Underwriting Limited [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		United Kingdom
Activity		Underwriting agency
Ownership		100%	100%
International General Insurance Co. Ltd. [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		Bermuda
Activity		Reinsurance and insurance
Ownership		100%	100%
International General Insurance Company (UK) Limited [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		United Kingdom
Activity		Reinsurance and insurance
Ownership		100%	100%
International General Insurance Company (Dubai) Ltd. [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		United Arab Emirates
Activity		Insurance intermediation and insurance management
Ownership		100%	100%
International General Insurance Company (Europe) SE [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation	[1]	Malta
Activity	[1]	Reinsurance and insurance
Ownership	[1]	100%	100%
Specialty Malls Investment Company [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		Jordan
Activity		Real estate properties development and lease
Ownership		100%	100%
IGI Services Ltd [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		Cayman Islands
Activity		Owning and chartering aircraft
Ownership		100%	100%
International General Insurance Company Ltd. - Labuan Branch [Member]
Basis of Preparation (Details) - Schedule of subsidiaries [Line Items]
Country of incorporation		Malaysia
Activity		Reinsurance and insurance
Ownership		100%	100%

[1]International General Insurance Company (Europe) SE was acquired by the Group on 25 June 2021 (see note 20).

Cash at Banks (Details)

Cash at Banks (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Cash at Banks (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash at Banks (Details) [Line Items]
Cash amount	$ 5,400
US surplus and excess lines business licensed effective		$ 5,400
Deposits	$ 5,000	$ 5,000
Bottom of Range [Member]
Cash at Banks (Details) [Line Items]
Deposits earned interest, percentage	0.60%	0.40%
Held for varying periods	5 years
Top of Range [Member]
Cash at Banks (Details) [Line Items]
Deposits earned interest, percentage	4.70%	3%

Cash at Banks (Details) - Sched

Cash at Banks (Details) - Schedule of cash and cash equivalents - Cash And Cash Equivalent [Member] - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Cash at Banks (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and bank balances	[1]	$ 149,868	$ 205,866
Deposits with original maturities of three months or less		64,045	36,280
Total term deposits		$ 213,913	$ 242,146

[1]This item includes restricted cash in the amount of USD 5,400 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business licensed effective 1 April 2020 (31 December 2021: USD 5,400 thousand). In addition, this item includes a restricted call deposit in the amount of USD 5,000 thousand (31 December 2021: USD 5,000 thousand a deposit with original maturity over three months and less than one year) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is recognised as a liability and transferred to the reinsurance company on a semi-annual basis.

Cash at Banks (Details) - Sch_2

Cash at Banks (Details) - Schedule of term deposits - Term Deposits [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash at Banks (Details) - Schedule of term deposits [Line Items]
Deposits with original maturities over three months and less than one year	$ 111,374	$ 136,278
Deposits with original maturities over one year	43,749	43,688
Total cash and cash equivalents	$ 155,123	$ 179,966

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Investments (Details) [Line Items]
Additional allowances	$ 4
Investments maturity, description	’ a local company based in Jordan which had an original maturity date of 22 February 2016.
Investment liquidation, percent	85%
Nominal value	$ 1,236
Potential impairment	450
Unquoted investment	403		$ 432
Addition of allowance for bonds	745
Fair value measurement of the unquoted equity investment	6,802	$ 6,427
Bottom of Range [Member]
Investments (Details) [Line Items]
Implied an equity value	6,374	5,778
Top of Range [Member]
Investments (Details) [Line Items]
Implied an equity value	7,230	$ 7,076
Unquoted Equity Investments One [member]
Investments (Details) [Line Items]
Designated at fair value through OCI	6,802		6,614
Unquoted Equity Investment Two [Member]
Investments (Details) [Line Items]
Designated at fair value through OCI	403		432
Unquoted Equity Investments [member]
Investments (Details) [Line Items]
Designated at fair value through OCI	$ 6,802		$ 6,614

Investments (Details) - Schedul

Investments (Details) - Schedule of group financial investments - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Investments (Details) - Schedule of group financial investments [Line Items]
Unquoted bonds	[1]	$ 2,677	$ 2,934
Quoted bonds		470,696	418,445
Quoted funds and alternative investments		12,123	14,377
Quoted equities		23,050	27,883
Unquoted equities	[2]	7,205	7,046
Expected credit losses and impairment		(450)	(463)
Total		515,301	470,222
Amortized cost [Member]
Investments (Details) - Schedule of group financial investments [Line Items]
Unquoted bonds	[1]	2,677	2,934
Quoted bonds
Quoted funds and alternative investments
Quoted equities
Unquoted equities	[2]
Expected credit losses and impairment		(450)	(463)
Total		2,227	2,471
Fair value through other comprehensive income [Member]
Investments (Details) - Schedule of group financial investments [Line Items]
Unquoted bonds	[1]
Quoted bonds		470,696	418,445
Quoted funds and alternative investments
Quoted equities		9,783	13,721
Unquoted equities	[2]	7,205	7,046
Expected credit losses and impairment
Total		487,684	439,212
Fair value through profit or loss [Member]
Investments (Details) - Schedule of group financial investments [Line Items]
Unquoted bonds	[1]
Quoted bonds
Quoted funds and alternative investments		12,123	14,377
Quoted equities		13,267	14,162
Unquoted equities	[2]
Expected credit losses and impairment
Total		$ 25,390	$ 28,539

[1]The Group has an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ’Specialized Investment Compound Co.’ a local company based in Jordan which had an original maturity date of 22 February 2016. However, this company is currently under liquidation, due to which 85% of the original bond holdings with a nominal value amounting to USD 1,236 thousand were not paid on that maturity date.[2]The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,802 thousand (31 December 2021: USD 6,614 thousand) and USD 403 thousand (31 December 2021: USD 432 thousand). As at 30 June 2022 and 31 December 2021, the Group has measured the fair value of the unquoted investment valued at USD 6,802 thousand (31 December 2021: USD 6,614 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation.

Investments (Details) - Sched_2

Investments (Details) - Schedule of expected credit losses and impairment provision for the bonds - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Expected Credit Losses And Impairment Provision For The Bonds Abstract
Opening balance	$ 463	$ 397
(Release) addition of provision for investment held at amortized cost	(13)	66
Ending balance	$ 450	$ 463

Investments (Details) - Sched_3

Investments (Details) - Schedule of fair value of level 3 financial assets - Fair value of Level 3 financial assets [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Investments (Details) - Schedule of fair value of level 3 financial assets [Line Items]
Sensitivity of fair value of financial assets percentage	+/-10	+/-10
Positive impact	$ 428	$ 676
Negative impact	$ (428)	$ (676)
Valuation variables	Market multiples applied to a range of financial performance measures***	Market multiples applied to a range of financial performance measures***	[1]

[1]As at 30 June 2021, the fair value measurement of the unquoted equity investment valued at USD 6,802 thousand (30 June 2021: USD 6,427 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 6,374 thousand to USD 7,230 thousand (30 June 2021: USD 5,778 thousand to USD 7,076 thousand).

Investments in Associates (Deta

Investments in Associates (Details)	6 Months Ended
Investments in Associates (Details)	Jun. 30, 2022
Disclosure of Investments in Associates [Abstract]
Equity ownership interest percentage	32.70%

Investments in Associates (De_2

Investments in Associates (Details) - Schedule of investments in associated companies equity method	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Star Rock SAL Lebanon [Member]
Investments in Associates (Details) - Schedule of investments in associated companies equity method [Line Items]
Country of incorporation	Lebanon
Ownership	32.70%	32.70%
Sina SAL Lebanon [Member]
Investments in Associates (Details) - Schedule of investments in associated companies equity method [Line Items]
Country of incorporation	Lebanon
Ownership	32.70%	32.70%
Silver Rock SAL Lebanon [Member]
Investments in Associates (Details) - Schedule of investments in associated companies equity method [Line Items]
Country of incorporation	Lebanon
Ownership	32.70%	32.70%
Golden Rock SAL Lebanon [Member]
Investments in Associates (Details) - Schedule of investments in associated companies equity method [Line Items]
Country of incorporation	Lebanon
Ownership	32.70%	32.70%

Investments in Associates (De_3

Investments in Associates (Details) - Schedule of movement on investments in associates - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Movement On Investments In Associates Abstract
Opening balance	$ 5,693	$ 11,583
Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income	120	1,358
Adjusted opening balance	5,813	12,941
Share of associated companies’ financial results	(24)	(227)
Investment properties fair value adjustment		(7,021)
Share of loss from associates	(24)	(7,248)
Ending balance	$ 5,789	$ 5,693

Investments in Associates (De_4

Investments in Associates (Details) - Schedule of financial statements to the change in the price used for the valuation of the investment properties - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Financial Statements To The Change In The Price Used For The Valuation Of The Investment Properties Abstract
Impact on statement of income percentage	+/- 20	+/- 20
Impact on interim condensed consolidated statement of income for the change in price per square meter, Increase	$ 1,139	$ 3,796
Impact on interim condensed consolidated statement of income for the change in price per square meter, Decrease	$ (1,139)	$ (3,796)

Outstanding Claims (Details) -

Outstanding Claims (Details) - Schedule of movement in outstanding claims - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Gross [Member]
Outstanding Claims (Details) - Schedule of movement in outstanding claims [Line Items]
Reported claims	$ 306,946	$ 312,334
Claims incurred but not reported	268,953	179,921
Total movement in outstanding claims	575,899	492,255
Claims paid	(110,164)	(119,722)
Provided during the period / year related to current accident year	126,634	257,233
Provided during the period / year related to previous accident years	(26,829)	(53,867)
At the end of the period / year	565,540	575,899
Reported claims	258,619	306,946
Claims incurred but not reported	306,921	268,953
Total movement in incurred claims	565,540	575,899
Reinsurers' share [Member]
Outstanding Claims (Details) - Schedule of movement in outstanding claims [Line Items]
Reported claims	(120,323)	(160,373)
Claims incurred but not reported	(61,925)	(27,112)
Total movement in outstanding claims	(182,248)	(187,485)
Claims paid	57,127	32,411
Provided during the period / year related to current accident year	(36,583)	(64,926)
Provided during the period / year related to previous accident years	3,773	37,752
At the end of the period / year	(157,931)	(182,248)
Reported claims	(78,679)	(120,323)
Claims incurred but not reported	(79,252)	(61,925)
Total movement in incurred claims	(157,931)	(182,248)
Net [Member]
Outstanding Claims (Details) - Schedule of movement in outstanding claims [Line Items]
Reported claims	186,623	151,961
Claims incurred but not reported	207,028	152,809
Total movement in outstanding claims	393,651	304,770
Claims paid	(53,037)	(87,311)
Provided during the period / year related to current accident year	90,051	192,307
Provided during the period / year related to previous accident years	(23,056)	(16,115)
At the end of the period / year	407,609	393,651
Reported claims	179,940	186,623
Claims incurred but not reported	227,669	207,028
Total movement in incurred claims	$ 407,609	$ 393,651

Investment Properties (Details)

Investment Properties (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Investment Properties (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Disclosure of investment property [Abstract]
Land amount	$ 406	$ 625

Investment Properties (Detail_2

Investment Properties (Details) - Schedule of investment properties - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Investment Properties (Details) - Schedule of investment properties [Line Items]
Opening balance		$ 16,308	$ 20,012
Additions		11	36
Sale of investment properties		(197)	(1,128)
Transfer to property, premises and equipment			(1,312)
Fair value adjustment		(462)	(1,300)
Ending balance		15,660	16,308
Commercial building [Member]
Investment Properties (Details) - Schedule of investment properties [Line Items]
Opening balance		15,683	18,168
Additions		11	36
Sale of investment properties
Transfer to property, premises and equipment			(1,312)
Fair value adjustment		(440)	(1,209)
Ending balance		15,254	15,683
Lands [Member]
Investment Properties (Details) - Schedule of investment properties [Line Items]
Opening balance	[1]	625	1,844
Additions	[1]
Sale of investment properties	[1]	(197)	(1,128)
Transfer to property, premises and equipment	[1]
Fair value adjustment	[1]	(22)	(91)
Ending balance	[1]	$ 406	$ 625

[1]Lands amounting to USD 406 thousand as at 30 June 2022 (31 December 2021: USD 625 thousand) are registered in the name of a former Director of International General Insurance Holdings Limited - Dubai. The Group has obtained a proxy and has full control over these investment properties (see note 14).

Investment Properties (Detail_3

Investment Properties (Details) - Schedule of change in the price used for the valuation of the investment properties $ in Thousands	Jun. 30, 2022 USD ($) m²	Jun. 30, 2021 USD ($) m²
Commercial building [Member]
Investment Properties (Details) - Schedule of change in the price used for the valuation of the investment properties [Line Items]
Percentage of increase decrease in commercial building	+/- 10	+/- 10
Average price per square meter (in Square Meters) \| m²	852	971
Impact on interim condensed consolidated statement of income for the change in price per square meter, Increase	$ 1,524	$ 1,735
Impact on interim condensed consolidated statement of income for the change in price per square meter, Decrease	$ (1,524)	$ (1,735)
Lands [Member]
Investment Properties (Details) - Schedule of change in the price used for the valuation of the investment properties [Line Items]
Percentage of increase decrease in commercial building	+/- 10	+/- 10
Average price per square meter (in Square Meters) \| m²	150	188
Impact on interim condensed consolidated statement of income for the change in price per square meter, Increase	$ 41	$ 141
Impact on interim condensed consolidated statement of income for the change in price per square meter, Decrease	$ (41)	$ (141)

Property, Premises and Equipm_2

Property, Premises and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of property, plant and equipment [Abstract]
Additions to property and equipment	$ 296	$ 267
Depreciation expense	780	634
Right-of-use assets for lease		2,890	$ 3,189
Interest expense	73	91
Depreciation expense leased assets	$ 404	$ 565

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Disclosure of intangible assets [Abstract]
Addition intangible assets	$ 303	$ 1,420
Amortization expense	$ 622	$ 672

Derivative Financial Liabilit_2

Derivative Financial Liability (Details) $ in Thousands	1 Months Ended
Derivative Financial Liability (Details) $ in Thousands	Mar. 17, 2020 USD ($) shares
Derivative Financial Liability Abstract
Group issued warrants	17,250,000
Warrants Issued to former stockholders	12,750,000
Warrants issued exchange	4,500,000
Warrants transferred	4,000,000
Tiberius warrants transferred	500,000
Change in fair value of derivative financial liability (in Dollars) \| $	$ 9,210

Derivative Financial Liabilit_3

Derivative Financial Liability (Details) - Schedule of warrants - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Warrants Abstract
Fair value of Warrants at the beginning of the period / year	$ 12,938	$ 13,628
Change in fair value for the period / year	(3,619)	(690)
Fair value of Warrants at the end of the period / year	$ 9,319	$ 12,938

Equity (Details)

Equity (Details) - $ / shares		6 Months Ended
Equity (Details) - $ / shares	May 23, 2022	Jun. 30, 2022	Jun. 30, 2021
Equity (Details) [Line Items]
Increased in shares			48,880,441
Repurchase authorization description	On 23 May 2022, the Group announced that the Board of Directors has approved a repurchase authorization of up to 5 million of its issued and outstanding common shares. This authorization, which does not have an expiration date, replaced the Group’s prior authorization of an aggregate consideration of up to USD 5,000 thousand, which was terminated. As at 30 June 2022, the Group repurchased 15,665 shares with a cost of USD 118 thousand.
Shares capital [member]
Equity (Details) [Line Items]
Authorized share capital			750,000,000
Par value per share (in Dollars per share)			$ 0.01
Preference shares [member]
Equity (Details) [Line Items]
Authorized share capital			100,000,000
Par value per share (in Dollars per share)			$ 0.01
Common shares [Member]
Equity (Details) [Line Items]
Increased in shares		49,305,818
Earnout shares [member]
Equity (Details) [Line Items]
Authorized share capital		3,012,500
Vesting stock prices at lower range (in Dollars per share)		$ 11.5
Vesting stock price at upper range (in Dollars per share)		$ 15.25

Equity (Details) - Schedule of

Equity (Details) - Schedule of number of common shares issued and outstanding - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Schedule Of Number Of Common Shares Issued And Outstanding Abstract
Common shares (par value of USD 0.01), No. of shares		45,617,470	45,471,084
Common shares (par value of USD 0.01), Par value		$ 456	$ 455
Earnout shares* (par value of USD 0.01), No. of shares	[1]	3,012,500	3,012,500
Earnout shares* (par value of USD 0.01), Par value	[1]	$ 30	$ 30
Restricted share awards (par value of USD 0.01) (note 11), No. of shares		675,848	396,857
Restricted share awards (par value of USD 0.01) (note 11), Par value		$ 7	$ 4
Total shares, No. of shares		49,305,818	48,880,441
Total shares, Par value		$ 493	$ 489

[1]The earnout shares are subject to vesting at stock prices ranges from USD 11.50 to 15.25. The earnout shares are considered outstanding shares and have dividend and voting rights, however, the earnout shares are non-transferable by their holders until they vest and, if the earnout shares do not vest on or prior to 17 March 2028, they will be cancelled by the Company.

Equity (Details) - Schedule o_2

Equity (Details) - Schedule of number of common shares issued and outstanding (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Number Of Common Shares Issued And Outstanding Abstract
Common shares, par value	$ 0.01	$ 0.01
Earnout shares, par value	0.01	0.01
Restricted share awards, par value	$ 0.01	$ 0.01

Share-Based Payments (Details)

Share-Based Payments (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
Share-Based Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure Of Share Based Payment Arrangements Text Block Abstract
Earnout shares	156,267		233,744
Share-based payment expense	$ 1,211	$ 779

Share-Based Payments (Details)

Share-Based Payments (Details) - Schedule of restricted shares - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Restricted Shares Abstract
Balance at 1 January	396,857	134,500
Restricted shares granted	428,377	312,190
Restricted shares vested	(146,386)	(44,833)
Restricted shares forfeited	(3,000)	(5,000)
Balance at end of the period / year	675,848	396,857

Share-Based Payments (Details_2

Share-Based Payments (Details) - Schedule of earnout shares - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	156,267	233,744
30 September 2020 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	8,781
16 February 2021 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	25,333	105,738
31 March 2021 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	20,633
9 February 2022 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	71,788
24 March 2022 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	29,732
Total Earnout Shares [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	156,267
7 October 2020 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		53,281
31 March 2021 grant One [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		74,725
Days from grant date [Member] \| 30 September 2020 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	632
Days from grant date [Member] \| 16 February 2021 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	500	319
Days from grant date [Member] \| 31 March 2021 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	457
Days from grant date [Member] \| 9 February 2022 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	142
Days from grant date [Member] \| 24 March 2022 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	99
Days from grant date [Member] \| 7 October 2020 grant [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		451
Days from grant date [Member] \| 31 March 2021 grant One [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		276
From second vesting [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		80,450
From second vesting [Member] \| 30 September 2020 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	(1,139)
From second vesting [Member] \| 16 February 2021 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	15,102	27,901
From second vesting [Member] \| 31 March 2021 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	12,404
From second vesting [Member] \| 9 February 2022 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	19,056
From second vesting [Member] \| 24 March 2022 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	7,584
From second vesting [Member] \| Total Earnout Shares [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	53,007
From second vesting [Member] \| 7 October 2020 grant [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		33,635
From second vesting [Member] \| 31 March 2021 grant One [Member] \| Tranche 2 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		18,914
From third vesting [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		48,903
From third vesting [Member] \| 30 September 2020 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	9,920
From third vesting [Member] \| 16 February 2021 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	9,857	18,211
From third vesting [Member] \| 31 March 2021 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	7,912
From third vesting [Member] \| 9 February 2022 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	12,470
From third vesting [Member] \| 24 March 2022 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	4,852
From third vesting [Member] \| Total Earnout Shares [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	45,011
From third vesting [Member] \| 7 October 2020 grant [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		18,627
From third vesting [Member] \| 31 March 2021 grant One [Member] \| Tranche 3 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		12,065
From first vesting [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		104,391
From first vesting [Member] \| 16 February 2021 grant [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	374	59,626
From first vesting [Member] \| 31 March 2021 grant [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	317
From first vesting [Member] \| 9 February 2022 grant [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	40,262
From first vesting [Member] \| 24 March 2022 grant [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	17,296
From first vesting [Member] \| Total Earnout Shares [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares	58,249
From first vesting [Member] \| 7 October 2020 grant [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		1,019
From first vesting [Member] \| 31 March 2021 grant One [Member] \| Tranche 1 [Member]
Share-Based Payments (Details) - Schedule of earnout shares [Line Items]
Earnout shares		43,746

Cash Dividends (Details)

Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended
	May 19, 2022	Mar. 25, 2021	Mar. 24, 2021
Disclosure of Cash Dividends [Abstract]
Dividend paid	$ 493	$ 8,288	$ 9,338
Dividend per share	$ 0.01	$ 0.17	$ 0.19

Net Investment Income (Details)

Net Investment Income (Details) - Schedule of net investment income - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Net Investment Income Abstract
Interest income	$ 8,189	$ 7,742
Dividends from equities at FVTOCI	110	43
Dividends from equities at FVTPL	370	456
Realized gains and losses on investments
Realized loss on sale of bonds at FVTOCI		(321)
Realized (loss) gain on sale of equities and mutual funds at FVTPL	(14)	484
Unrealized gains and losses on investments
Unrealized (loss) gain on revaluation of financial assets at FVTPL	(3,143)	2,128
Gains and losses from investment properties
Realized loss on sale of investment properties	(4)	(1)
Unrealized loss on investment properties	(461)	(815)
Rental income	77	89
Expected credit losses on investments
Expected credit loss on financial assets at FVOCI	(745)	(32)
Reversal of expected credit loss on financial assets at amortized cost	13
Investments custodian fees and other investments expenses	(237)	(443)
Net investment income	$ 4,155	$ 9,330

Related party transactions (Det

Related party transactions (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 24, 2022	Mar. 17, 2020
Related party transactions (Details) [Line Items]
Salaries and benefits	$ 3,017	$ 2,280
Other long term benefits	821	538
Aircraft management fees	139	131
Lands total amount	$ 406		$ 625
Warrants issued (in Shares)	4,000,000
Warrants transferred (in Shares)					4,000,000
restricted shares (in Shares)				149,377
Arab Wings Co [Member]
Related party transactions (Details) [Line Items]
Amount payable	$ 95	$ 186
Wasef Jabsheh [Member]
Related party transactions (Details) [Line Items]
Warrants transferred (in Shares)	4,000,000

Earnings Per Share (Details)

Earnings Per Share (Details)	6 Months Ended
Earnings Per Share (Details)	Jun. 30, 2022 shares
Disclosure of Earnings Per Share [Abstract]
Description of warrants issued	At the closing of the Business Combination the Company issued 17,250,000 warrants, including (i) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 9 and 19).
Warrants issued	17,250,000

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of basic and diluted earnings per share - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Basic And Diluted Earnings Per Share Abstract
Profit for the period (USD ’000)	$ 41,267	$ 18,426
Less: profit attributable to the earnout shares (USD ’000)	2,522	1,135
Less: profit attributable to the restricted share awards (USD ’000)	566	168
Net profit available to common shareholders (USD ’000)	$ 38,179	$ 17,123
Weighted average number of shares – basic and diluted (in Shares)	45,616,188	45,470,835
Basic and diluted earnings per share (USD) (in Dollars per share)	$ 0.84	$ 0.38

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Disclosure Of Commitments Text Block Abstract
Credit amount of insurence contract liabilities	$ 3,430	$ 6,550
Letter of guarantee	$ 294	$ 327
Legally non-binding agreement, description.		▪In 2021, the Group signed a legally non-binding agreement with the University of California, San Francisco Foundation to contribute an amount of USD 1,250 thousand in five instalments over five years to support cancer research projects. As at 30 June 2022, the Group has paid USD 250 thousand and the remaining four instalments amounted to USD 1,000 thousand shall be made equally over the years from 2022 to 2025.

Fair value (Details)

Fair value (Details) - USD ($) $ in Thousands	6 Months Ended
Fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Level 1 to Level 2 [Member]
Fair value (Details) [Line Items]
Other comprehensive income transferred	$ 15,968
Financial assets		$ 62,304
Level 2 to Level 1 [Member]
Fair value (Details) [Line Items]
Other comprehensive income transferred	$ 4,340
Level1 [Member]
Fair value (Details) [Line Items]
Financial assets		$ 14,377

Fair value (Details) - Schedule

Fair value (Details) - Schedule of assets and liabilities that are recognized in the financial statements - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2022		Dec. 31, 2021
Assets measured at fair value:
Fair value	$ 528,734		$ 484,059
FVTPL [Member]
Assets measured at fair value:
Fair value	25,390		28,539
Quoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value	9,783		13,721
Quoted bonds at FVOCI [Member]
Assets measured at fair value:
Fair value	470,696		418,445
Unquoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value	7,205	[1]	7,046
Investment properties [Member]
Assets measured at fair value:
Fair value	15,660		16,308
Derivative financial liability [Member]
Liabilities measured at fair value:
Derivative financial liability	9,319		12,938
Level 1 [Member]
Assets measured at fair value:
Fair value	427,789		384,024
Level 1 [Member] \| FVTPL [Member]
Assets measured at fair value:
Fair value	13,267		14,162
Level 1 [Member] \| Quoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value	9,783		13,721
Level 1 [Member] \| Quoted bonds at FVOCI [Member]
Assets measured at fair value:
Fair value	404,739		356,141
Level 1 [Member] \| Unquoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value		[1]
Level 1 [Member] \| Investment properties [Member]
Assets measured at fair value:
Fair value
Level 2 [Member]
Assets measured at fair value:
Fair value	78,080		76,681
Level 2 [Member] \| FVTPL [Member]
Assets measured at fair value:
Fair value	12,123		14,377
Level 2 [Member] \| Quoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value
Level 2 [Member] \| Quoted bonds at FVOCI [Member]
Assets measured at fair value:
Fair value	65,957		62,304
Level 2 [Member] \| Unquoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value		[1]
Level 2 [Member] \| Investment properties [Member]
Assets measured at fair value:
Fair value
Level 2 [Member] \| Derivative financial liability [Member]
Liabilities measured at fair value:
Derivative financial liability	9,319		12,938
Level 3 [Member]
Assets measured at fair value:
Fair value	22,865		23,354
Level 3 [Member] \| FVTPL [Member]
Assets measured at fair value:
Fair value
Level 3 [Member] \| Quoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value
Level 3 [Member] \| Quoted bonds at FVOCI [Member]
Assets measured at fair value:
Fair value
Level 3 [Member] \| Unquoted equities at FVOCI [Member]
Assets measured at fair value:
Fair value	7,205	[1]	7,046
Level 3 [Member] \| Investment properties [Member]
Assets measured at fair value:
Fair value	15,660		16,308
Level 3 [Member] \| Derivative financial liability [Member]
Liabilities measured at fair value:
Derivative financial liability

[1]Reconciliation of fair value of the unquoted equities under level 3 fair value hierarchy is as follows:

Fair value (Details) - Schedu_2

Fair value (Details) - Schedule of reconciliation of fair value of the unquoted equities - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Fair value (Details) - Schedule of reconciliation of fair value of the unquoted equities [Line Items]
Balance at the beginning of the period / year	$ 7,046	$ 6,748
Total gains recognized in OCI	159	298
Balance at the end of the period / year	$ 7,205	$ 7,046

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of consolidated operations - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Underwriting revenues
Gross written premiums	$ 304,432	$ 266,772
Reinsurer’s share of insurance premiums	(97,411)	(80,078)
Net written premiums	207,021	186,694
Net change in unearned premiums	(23,998)	(18,877)
Net premiums earned	183,023	167,817
Underwriting deductions
Net policy acquisition expenses	(34,299)	(29,389)
Net claims and claim adjustment expenses	(66,995)	(89,866)
Net underwriting results	81,729	48,562
General and administrative expenses	(33,338)	(29,284)
Net investment income	4,155	9,330
Share of profit from associates	(24)	258
Impairment loss on insurance receivables	(2,071)	(1,121)
Other revenues	1,150	1,021
Other expenses	(1,258)	(1,438)
Change in fair value of derivative financial liability	3,619	(3,795)
Loss on foreign exchange	(12,700)	(3,175)
Profit (loss) before tax	41,262	20,358
Income tax	5	(1,932)
Profit (loss) for the period	41,267	18,426
Specialty Long Tail [Member]
Underwriting revenues
Gross written premiums	103,376	101,286
Reinsurer’s share of insurance premiums	(28,117)	(26,847)
Net written premiums	75,259	74,439
Net change in unearned premiums	6,256	8,325
Net premiums earned	81,515	82,764
Underwriting deductions
Net policy acquisition expenses	(16,889)	(13,994)
Net claims and claim adjustment expenses	(27,406)	(46,176)
Net underwriting results	37,220	22,594
General and administrative expenses
Net investment income
Share of profit from associates
Impairment loss on insurance receivables
Other revenues
Other expenses
Change in fair value of derivative financial liability
Loss on foreign exchange
Profit (loss) before tax	37,220	22,594
Income tax
Profit (loss) for the period	37,220	22,594
Specialty Short tail [Member]
Underwriting revenues
Gross written premiums	180,709	150,930
Reinsurer’s share of insurance premiums	(69,294)	(53,231)
Net written premiums	111,415	97,699
Net change in unearned premiums	(24,354)	(23,932)
Net premiums earned	87,061	73,767
Underwriting deductions
Net policy acquisition expenses	(14,698)	(13,603)
Net claims and claim adjustment expenses	(31,143)	(36,741)
Net underwriting results	41,220	23,423
General and administrative expenses
Net investment income
Share of profit from associates
Impairment loss on insurance receivables
Other revenues
Other expenses
Change in fair value of derivative financial liability
Loss on foreign exchange
Profit (loss) before tax	41,220	23,423
Income tax
Profit (loss) for the period	41,220	23,423
Reinsurance [Member]
Underwriting revenues
Gross written premiums	20,347	14,556
Reinsurer’s share of insurance premiums
Net written premiums	20,347	14,556
Net change in unearned premiums	(5,900)	(3,270)
Net premiums earned	14,447	11,286
Underwriting deductions
Net policy acquisition expenses	(2,712)	(1,792)
Net claims and claim adjustment expenses	(8,446)	(6,949)
Net underwriting results	3,289	2,545
General and administrative expenses
Net investment income
Share of profit from associates
Impairment loss on insurance receivables
Other revenues
Other expenses
Change in fair value of derivative financial liability
Loss on foreign exchange
Profit (loss) before tax	3,289	2,545
Income tax
Profit (loss) for the period	3,289	2,545
Sub Total [Member]
Underwriting revenues
Gross written premiums	304,432	266,772
Reinsurer’s share of insurance premiums	(97,411)	(80,078)
Net written premiums	207,021	186,694
Net change in unearned premiums	(23,998)	(18,877)
Net premiums earned	183,023	167,817
Underwriting deductions
Net policy acquisition expenses	(34,299)	(29,389)
Net claims and claim adjustment expenses	(66,995)	(89,866)
Net underwriting results	81,729	48,562
General and administrative expenses
Net investment income
Share of profit from associates
Impairment loss on insurance receivables
Other revenues
Other expenses
Change in fair value of derivative financial liability
Loss on foreign exchange
Profit (loss) before tax	81,729	48,562
Income tax
Profit (loss) for the period	81,729	48,562
Corporate and Other [Member]
Underwriting revenues
Gross written premiums
Reinsurer’s share of insurance premiums
Net written premiums
Net change in unearned premiums
Net premiums earned
Underwriting deductions
Net policy acquisition expenses
Net claims and claim adjustment expenses
Net underwriting results
General and administrative expenses	(33,338)	(29,284)
Net investment income	4,155	9,330
Share of profit from associates	(24)	258
Impairment loss on insurance receivables	(2,071)	(1,121)
Other revenues	1,150	1,021
Other expenses	(1,258)	(1,438)
Change in fair value of derivative financial liability	3,619	(3,795)
Loss on foreign exchange	(12,700)	(3,175)
Profit (loss) before tax	(40,467)	(28,204)
Income tax	5	(1,932)
Profit (loss) for the period	$ (40,462)	$ (30,136)

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of non-current operating assets information by geography - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	$ 33,738	$ 35,488
Middle East [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	30,704	32,165
North Africa [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	254	301
UK [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	2,636	2,968
Asia [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	9	31
Europe [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	18	23
North America [Member]
Segment Reporting (Details) - Schedule of non-current operating assets information by geography [Line Items]
Non-current operating assets	$ 117

Acquisition of a Subsidiary (De

Acquisition of a Subsidiary (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 25, 2021	Jun. 30, 2022
Acquisition of a Subsidiary (Details) [Line Items]
Voting Percentage		100%
R&Q Epsilon Insurance Company SE [Member]
Acquisition of a Subsidiary (Details) [Line Items]
Purchase consideration	$ 6,200

Acquisition of a Subsidiary (_2

Acquisition of a Subsidiary (Details) - Schedule of fair values assets and liabilitiestable $ in Thousands	Dec. 31, 2021 USD ($)
Book Value [Member]
Assets
Insurance receivables and other assets	$ 184
Bank Balances	6,054
Asstes total	6,238
Liabilities
Insurance payables and other liabilities	(38)
Liabilities total	(38)
Total identifiable net assets at fair value	6,200
Fair value recognized on acquisition [Member]
Assets
Insurance receivables and other assets	143
Bank Balances	6,054
Asstes total	6,197
Liabilities
Insurance payables and other liabilities	(38)
Liabilities total	(38)
Total identifiable net assets at fair value	6,159
Goodwill arising on acquisition	41
Purchase consideration transferred	$ 6,200

Acquisition of a Subsidiary (_3

Acquisition of a Subsidiary (Details) - Schedule of goodwill $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Schedule Of Goodwill Abstract
Balance at the beginning of the year
Goodwill arising from acquisition of a subsidiary	41
Impairment loss	(41)
Balance at the end of the year

Acquisition of a Subsidiary (_4

Acquisition of a Subsidiary (Details) - Schedule of cash flows on acquisition $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Schedule Of Cash Flows On Acquisition Abstract
Net cash acquired with the subsidiary	$ 6,054
Cash paid	(6,200)
Net cash flow on acquisition	$ (146)