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International General Insurance Holdings vs Waterdrop

International General Insurance Holdings and Waterdrop are similar in size: $517m and $553m of revenue in their latest fiscal years. Waterdrop grew faster (43.7% against -4.1%). International General Insurance Holdings kept more of each dollar of sales as profit: a net margin of 24.6% against 14.3%. International General Insurance Holdings carries less debt relative to equity (0.0% against 0.9%).

Latest fiscal yearInternational General Insurance HoldingsIGIC, 2025WaterdropWDH, 2025
Revenue $517m $553m
Revenue growth -4.1% 43.7%
Net income $127m $79.2m
Operating margin — 9.3%
Net margin 24.6% 14.3%
Return on equity 18.6% 11.4%
Free cash flow $107m $29.8m
Cash $186m $69.1m
Total debt $0 $6.7m
Debt to equity 0.0% 0.9%
Dividend per share — —
Dividend yield 4.3% 5.0%
Share buybacks $61.9m $12.7m
Employees — —
Market value $1.07bn $361m
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.