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Side-by-side financial comparison of International General Insurance Holdings Ltd. (IGIC) and Penumbra Inc (PEN). Click either name above to swap in a different company.

International General Insurance Holdings Ltd. is the larger business by last-quarter revenue ($403.8M vs $385.4M, roughly 1.0× Penumbra Inc). International General Insurance Holdings Ltd. runs the higher net margin — 26.0% vs 12.3%, a 13.7% gap on every dollar of revenue.

China Taiping Insurance Holdings Company Limited (CTIH) formerly China Insurance International Holdings Company Limited (CIIH), is a Chinese insurance conglomerate. The company has strong Chinese Central Government background despite being incorporated in Hong Kong. It is considered as a red chip company.

Penumbra, Inc. is an American medical device company headquartered in Alameda, California. The company was founded by Arani Bose and Adam Elsesser in 2004. It manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysm.

IGIC vs PEN — Head-to-Head

Bigger by revenue
IGIC
IGIC
1.0× larger
IGIC
$403.8M
$385.4M
PEN
Higher net margin
IGIC
IGIC
13.7% more per $
IGIC
26.0%
12.3%
PEN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IGIC
IGIC
PEN
PEN
Revenue
$403.8M
$385.4M
Net Profit
$105.1M
$47.3M
Gross Margin
68.0%
Operating Margin
15.4%
Net Margin
26.0%
12.3%
Revenue YoY
22.1%
Net Profit YoY
40.6%
EPS (diluted)
$2.31
$1.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IGIC
IGIC
PEN
PEN
Q4 25
$385.4M
Q3 25
$403.8M
$354.7M
Q2 25
$261.9M
$339.5M
Q1 25
$324.1M
Q4 24
$315.5M
Q3 24
$369.6M
$301.0M
Q2 24
$265.8M
$299.4M
Q1 24
$278.7M
Net Profit
IGIC
IGIC
PEN
PEN
Q4 25
$47.3M
Q3 25
$105.1M
$45.9M
Q2 25
$61.4M
$45.3M
Q1 25
$39.2M
Q4 24
$33.7M
Q3 24
$-134.4M
$29.5M
Q2 24
$70.7M
$-60.2M
Q1 24
$11.0M
Gross Margin
IGIC
IGIC
PEN
PEN
Q4 25
68.0%
Q3 25
67.8%
Q2 25
66.0%
Q1 25
66.6%
Q4 24
66.8%
Q3 24
66.5%
Q2 24
54.4%
Q1 24
65.0%
Operating Margin
IGIC
IGIC
PEN
PEN
Q4 25
15.4%
Q3 25
13.8%
Q2 25
24.2%
12.0%
Q1 25
12.4%
Q4 24
13.6%
Q3 24
11.7%
Q2 24
-73.3%
-27.0%
Q1 24
4.3%
Net Margin
IGIC
IGIC
PEN
PEN
Q4 25
12.3%
Q3 25
26.0%
12.9%
Q2 25
23.5%
13.3%
Q1 25
12.1%
Q4 24
10.7%
Q3 24
-36.4%
9.8%
Q2 24
26.6%
-20.1%
Q1 24
3.9%
EPS (diluted)
IGIC
IGIC
PEN
PEN
Q4 25
$1.20
Q3 25
$2.31
$1.17
Q2 25
$1.36
$1.15
Q1 25
$1.00
Q4 24
$0.88
Q3 24
$1.82
$0.75
Q2 24
$1.55
$-1.55
Q1 24
$0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IGIC
IGIC
PEN
PEN
Cash + ST InvestmentsLiquidity on hand
$244.7M
$186.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.8M
$1.4B
Total Assets
$2.0B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IGIC
IGIC
PEN
PEN
Q4 25
$186.9M
Q3 25
$244.7M
$321.0M
Q2 25
$164.8M
$421.8M
Q1 25
$376.1M
Q4 24
$324.4M
Q3 24
$219.2M
$280.5M
Q2 24
$237.3M
$288.3M
Q1 24
$223.1M
Stockholders' Equity
IGIC
IGIC
PEN
PEN
Q4 25
$1.4B
Q3 25
$654.8M
$1.4B
Q2 25
$662.3M
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$540.5M
$1.1B
Q2 24
$588.2M
$1.2B
Q1 24
$1.2B
Total Assets
IGIC
IGIC
PEN
PEN
Q4 25
$1.8B
Q3 25
$2.0B
$1.7B
Q2 25
$2.1B
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.8B
$1.5B
Q2 24
$2.0B
$1.5B
Q1 24
$1.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IGIC
IGIC
PEN
PEN
Operating Cash FlowLast quarter
$86.5M
Free Cash FlowOCF − Capex
$68.0M
FCF MarginFCF / Revenue
17.7%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$174.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IGIC
IGIC
PEN
PEN
Q4 25
$86.5M
Q3 25
$58.3M
Q2 25
$27.2M
$44.9M
Q1 25
$49.0M
Q4 24
$51.1M
Q3 24
$56.5M
Q2 24
$120.7M
$22.6M
Q1 24
$38.3M
Free Cash Flow
IGIC
IGIC
PEN
PEN
Q4 25
$68.0M
Q3 25
$42.0M
Q2 25
$26.8M
$29.4M
Q1 25
$35.5M
Q4 24
$45.7M
Q3 24
$51.0M
Q2 24
$119.8M
$18.1M
Q1 24
$32.5M
FCF Margin
IGIC
IGIC
PEN
PEN
Q4 25
17.7%
Q3 25
11.8%
Q2 25
10.2%
8.7%
Q1 25
11.0%
Q4 24
14.5%
Q3 24
16.9%
Q2 24
45.1%
6.0%
Q1 24
11.7%
Capex Intensity
IGIC
IGIC
PEN
PEN
Q4 25
4.8%
Q3 25
4.6%
Q2 25
0.2%
4.6%
Q1 25
4.2%
Q4 24
1.7%
Q3 24
1.8%
Q2 24
0.3%
1.5%
Q1 24
2.1%
Cash Conversion
IGIC
IGIC
PEN
PEN
Q4 25
1.83×
Q3 25
1.27×
Q2 25
0.44×
0.99×
Q1 25
1.25×
Q4 24
1.52×
Q3 24
1.91×
Q2 24
1.71×
Q1 24
3.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IGIC
IGIC

Segment breakdown not available.

PEN
PEN

Thrombectomy$254.7M66%
Other$130.7M34%

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