Heritage Financial Corporation (HFWA) vs International General Insurance Holdings Ltd. (IGIC)
A side-by-side comparison of Heritage Financial Corporation and International General Insurance Holdings Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — HFWA vs IGIC
growth of $100 · dividends reinvested · last 8yHFWA vs IGIC: by the numbers
- •HFWA is the larger company ($1.15B vs $1.07B market cap).
- •IGIC trades at the lower trailing earnings multiple (10.05 vs 13.22 P/E), one valuation lens rather than an overall verdict.
- •HFWA converts more revenue to profit (23.17% vs 20.97% net margin).
- •IGIC grew revenue faster over the past five years (7.85% vs 5.82% CAGR).
- •HFWA pays the higher dividend yield (3.48% vs 1.01%).
Metrics side by side
Valuation
| Metric | HFWA | IGIC |
|---|---|---|
| P/E ratio | 13.22 | 10.05 |
| Forward P/E | 14.15 | 10.25 |
| PEG ratio | 1.51 | 0.27 |
| P/S ratio | 3.42 | 2.07 |
| P/B ratio | 1.04 | 1.60 |
Profitability
| Metric | HFWA | IGIC |
|---|---|---|
| Operating margin | 23.15% | 20.66% |
| Net margin | 23.17% | 20.97% |
| ROE | 7.02% | 16.20% |
Heritage Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
International General Insurance Holdings Ltd.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | HFWA | IGIC |
|---|---|---|
| Dividend yield | 3.48% | 1.01% |
| Payout ratio | 45.97% | 10.04% |
Growth (annualized)
| Metric | HFWA | IGIC |
|---|---|---|
| Revenue CAGR (5Y) | 5.82% | 7.85% |
| EPS CAGR (5Y) | 9.06% | 37.41% |
| Total return CAGR (5Y) | 5.89% | 27.06% |
Frequently asked
- Which has the lower trailing P/E, HFWA or IGIC?
- IGIC has the lower trailing P/E: HFWA trades at 13.22 and IGIC at 10.05. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HFWA or IGIC?
- Over the past five years, IGIC grew revenue faster — HFWA at a 5.82% CAGR versus IGIC at 7.85%.
- Does HFWA or IGIC pay a bigger dividend?
- HFWA yields 3.48% and IGIC yields 1.01% based on trailing dividends and the latest price.
- Is HFWA or IGIC more profitable?
- HFWA runs the higher net margin — HFWA at 23.17% versus IGIC at 20.97%.
- How have HFWA and IGIC total returns compared?
- Over the past 5 years, HFWA delivered 5.89% and IGIC delivered 27.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Heritage Financial & International General Insurance appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.