Financial Results

MIGA

Source Data
The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfils this mandate by offering political risk insurance and credit enhancement products to investors and lenders.

Condensed Balance Sheets
info icon

As ofDecember 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Assets
Cash and Investments (including Derivatives)*2,6232,5182,3102,1101,977
Demand Notes and Other Assets291249205244190
Prepaid Premium554545457438382
Reinsurance recoverable, net438418456478476
Total Assets3,9063,7313,4283,2703,025
Liabilities
Derivative Liabilities*310---
Unearned Premiums875865732704620
Other Liabilities174119107143139
Reserve for claims (gross)662635698716726
Total Liabilities1,7141,6291,5371,5631,485
Equity
Paid-in Capital366366366366366
Retained Earnings/ Accumulated Comprehensive Income (Loss)1,8261,7351,5251,3401,173
Total Equity2,1922,1021,8911,7061,539
Total Liabilities and Equity3,9063,7313,4283,2693,024
  • Expressed in millions of U.S. dollars.
  • Totals may not add up due to rounding.

Gross and Net Exposures
info icon

Expressed in millions of U.S. dollars
FY26 YTDFY25
Gross Exposure39,10036,804
Net Exposure11,51411,216
  • Expressed in millions of U.S. dollars.

Priority Area Development

Expressed in millions of U.S. dollars
FY24 FY25 FY26 YTD
No. of Projects404416
Percent of Total No. of Projects95%75%67%

Region Portfolio Composition

Expressed in millions of U.S. dollars
ECASSALACEAPMENASARRegional Development Bank
2025 Economic Capital Share20%34%14%4%13%9%6%
2026-Q2 Economic Capital Share15%36%15%4%13%12%5%
2025 Share of Net Exposure23%35%19%4%10%6%3%
2026-Q2 Share of Net Exposure22%34%20%4%12%6%2%

Sector Portfolio Composition

Expressed in millions of U.S. dollars
InfrastructureFinancialOil Gas and MiningMASTrade Finance
2025 Economic Capital Share47%29%4%17%4%
2026-Q2 Economic Capital Share45%27%3%20%5%
2025 Share of Net Exposure39%43%2%10%5%
2026-Q2 Share of Net Exposure38%44%2%11%5%

Summary Income Statement
info icon

For the period/fiscal year endedDecember 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Income
Net Premium Income75146131124116
Investment Income (Loss)6410412570(9)
Miscellaneous Income47000
Total Income142257256194108
Expenses
(Increase) Decrease in Reserves*(6)(6)(1)12(4)
Administrative expenses (including Pension Cost)(44)(93)(74)(70)(65)
Translation (Loss) Gain010(2)3(11)
(Increase) Decrease in Reserves and Total Expenses(50)(89)(76)(55)(81)
Net Income9216818013928
  • Expressed in millions of U.S. dollars.
  • Totals may not add up due to rounding.

Performance Indicators
info icon

For the period/fiscal year endedDecember 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Guarantees Issued4,8069,4638,2046,4464,935
Portfolio Runoff2,5104,2024,5273,0283,443
  • Expressed in millions of U.S. dollars.

As ofDecember 31,2025June 30,2025June 30,2024June 30,2023June 30,2022
Gross Exposure39,10036,80431,54327,86724,449
Net Exposure11,51411,21610,2519,4508,991
Reinsurance as a % of Gross Exposure68.9%67.7%65.6%64.6%61.9%
Administrative Expense to Net Premium Income Ratio60.3%60.0%57.0%56.2%55.9%
Risk Capital to Operating Capital Ratio51.7%52.8%54.2%56.8%61.0%
Concentration Ratio (Five Largest Exposures/Net Exposure)24.0%22.7%21.0%20.8%22.0%
  • Expressed in millions of U.S. dollars.
FOLLOW US
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube
  • Flickr
NEWSLETTERSUBSCRIBE HERE  
This Site in:

© 2026 The World Bank Group, All Rights Reserved.