IGI Third Quarter 2024 Investor Presentation

Forward Looking Statements

This presentation contains contains "forward-looking statements" within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," "commitment," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this presentation may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI's services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably, and IGI's ability to retain its key employees; (3) changes in applicable laws or regulations; (4) risks related to fluctuations in global currencies including the UK Pound Sterling, the Euro, and the U.S. Dollar; (5) the outcome of any legal proceedings that may be instituted against the Company; (6) the effects of the war between Russia and Ukraine; (7) the effects of the hostilities between Israel, Hamas, Hezbollah, and Iran; (8) the inability to maintain the listing of the Company's common shares on Nasdaq; and (9) other risks and uncertainties indicated in IGI's filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI's financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except to the extent that is required by law.

Overview

IGI is an international specialist (re)insurance group with deep technical expertise providing coverage across a diversified portfolio of specialty lines

Commitment to long-term total value creation through growth in tangible

book value per share plus dividends

(1) Data as of September 30, 2024

Track Record of Maximizing Total Value Creation

Tangible Book Value Per Share plus Dividends

1. IGI completed a business combination with Tiberius Acquisition Corp. and began trading on Nasdaq on March 18, 2020. As a result of the Business Combination, $41 million of capital was raised; in addition, IGI's total shares outstanding were reduced causing a dilutive impact of approximately 33%.

Superior Total Value Creation

• Proven track record of higher, more consistent returns with lower volatility

Retuon Tangible Equity and Sharpe Ratio

12/31/2014-12/31/2023

Source: Dowling Research. Note: The chart represents 10-year average ROTE and Sharpe ratio (or shorter period for companies where 10 years is not available). Sharpe ratio is estimated as the difference between 10 Year average ROTE and 10 Year Mean U.S. Treasury, divided by the Company's ROTE Standard Deviation.

Global Presence, Local Knowledge

• Main underwriting hubs in Bermuda, UK, Europe, Middle East / North Africa, Asia Pacific covering a mix of mature and high-growth, under-represented geographies
• Distribution relationships and presence in key territories with high degree of local knowledge, cultural compatibility, and trusted relationships

Oslo

Nordic underwriting hub

London

Underwriting headquarters

Amman

Operational headquarters

Bermuda

Group holding company domicile

Underwriting parent company

Dubai

Middle East underwriting hub

Europe underwriting hub

Strategy to Maximize Total Value Creation over the Long-term

1. Represents difference in average combined ratios for the period 2015-Q3 2024 between IGIC and peers. Peers include: MKL, ACGL, WRB, RE, RNR, HSX-LON, AXS, RLI, BEZ-LON, KNSL, LRE-LON, HG and Lloyd's of London
2. 2015-2024(annualized)
3. Source Dowling Research (see Slide 5)

Well-Positioned for Future Total Value Creation Opportunities

Financial Performance Overview Q3 / 9M 2024

Earnings Stability Through Broad Diversification

• Meaningful diversification by line of business, product, geography, broker distribution, facility vs. individual risk, and short vs. long-tail risks
• ~25 lines of business written globally, supported by 8 offices