General Insurance Corporation of India has informed the Exchange regarding a press release dated August 07, 2025, titled "GIC Re announces Financial Performance for the quarter ended 30.06.2025".
GICRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GIC Re reported strong profit growth for Q1 FY26 despite flat top line. Profit After Tax jumped 69.08% year-on-year to ₹1,752.23 crore, while Profit Before Tax rose 61.04% to ₹2,243.54 crore. Gross Premium was nearly flat at ₹12,388.01 crore (down 0.14%) as domestic business dipped 3.6% but international business grew 17.1%. Underwriting loss narrowed sharply by 29.55% to ₹907.76 crore, and the Combined Ratio improved to 106.94% from 109.60%. Investment income grew 18.37% to ₹3,228.51 crore, supporting bottom line. Incurred Claims ratio rose slightly to 90.42% due to two large losses: the Jindal Poly Films fire (₹2,300 crore) and the Air India aviation loss. Solvency Ratio strengthened to 3.85x from 3.36x. Consolidated PAT was ₹2,530.59 crore.
Strong earnings growth driven by investment income and lower underwriting losses should be viewed positively by investors, even though the headline premium number is flat due to a change in IRDAI's accounting of long-term policies. The improved solvency and combined ratio signal financial strengthening, though two large catastrophe losses (Jindal Poly Films fire, Air India) warrant attention on risk management.