GIC Re Reports Financial Performance for Quarter Ended June 30, Sees Improvement in Ratios

GIC Re Reports Financial Performance for Quarter Ended June 30, Sees Improvement in Ratios​

General Insurance Corporation of India (GIC Re) announced its financial performance for the quarter ended June 30, 2026, highlighting improvements across several key operational and solvency metrics. The company reported results based on its Board Meeting held in Mumbai, showing growth in gross premium income and a reduction in underwriting loss at the standalone level.

At the group level, GIC Re maintained strong financial footing while reporting the performance of its international and domestic reinsurance businesses for both the quarter and the year ended June 30, 2026.

Key Financial Highlights (Standalone)​

For the quarter ending June 30, 2026, GIC Re reported that Gross Premium Income stood at 13,475.36 crore, up from 12,388.01 crore in the previous year period. The company noted significant improvements in its underwriting metrics:

• Underwriting Loss: Was reduced by 20.26% to 723.87 crore for the quarter compared to 907.76 crore in the corresponding period of the previous year.
• Incurred Claims Ratio: Decreased to 85.04% from 90.42% in the prior year's quarter.
• Combined Ratio: Reduced by 2.06% to 104.88%, compared to 106.94% for the quarter ended June 30, 2025.

The company’s profitability metrics also showed positive trends: Profit Before Tax increased by 11% to 2,490.25 crore, while Profit After Tax rose by 9.69% to 1,922.04 crore for the quarter ended June 30, 2026.

Key metrics regarding solvency and assets as of June 30, 2026:

Consolidated Group Performance​

The group performance reflects the consolidated financials of GIC Re and its subsidiaries. The Consolidated Gross Premium Income stood at 13,541.51 crore for the quarter ended June 30, 2026, against 12,417.16 crore in the previous year's corresponding quarter.

The group’s Investment Income was reported at 3,303.12 crore for the quarter, compared to 3,349.37 crore in the prior period. Consolidated Profit Before Tax was 2,191.78 crore against 2,663.67 crore for the previous year's quarter. The Consolidated Profit After Tax reached 1,743.67 crore for the quarter ended June 30, 2026.

The group’s Net Worth (without fair value change account) stood at 58,406.63 crores as of June 30, 2026, up from 50,045.83 crore in the previous year.

Business Composition and Revenue Summary​

For the quarter ended June 30, 2026, GIC Re’s business was distributed across domestic and international segments:


The performance across various lines of business (LOBs) demonstrated diverse results, with the total Gross Premium reaching 13,475.36 crore compared to 12,388.01 crore in the previous year's quarter. Notable movements include:

• Life insurance premium stood at 1,354.97 crore (up from 552.53 crore).
• Fire insurance gross premium was 3,225.33 crore compared to 3,575.92 crore in the previous year's quarter.

Regarding operations for the full year ended June 30, 2026 (Consolidated):


GIC Re maintains a diversified risk portfolio covering property, health, motor, agriculture, marine, engineering, aviation, liability and life.

GICRE Stock Price Movement​

General Insurance Corporation of India shares today slipped by 1.10% to settle at ₹351.95, plunging dramatically to mark a 52-week low during trading on the post-market session. The stock experienced significant selling pressure amid a volume of 772,074 shares traded.