General Insurance Corporation of India has informed the Exchange regarding a press release dated May 26, 2026, titled "GIC Re announces Financial Performance for the year ended 31.03.2026".
GICRE · price
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GIC Re reported strong full-year results for FY2025-26 with Gross Premium Income of ₹44,006.74 crore, up 6.93% from ₹41,153.95 crore in the previous year. Profit After Tax jumped 25.23% to ₹8,392.18 crore from ₹6,701.36 crore, while Profit Before Tax rose 23.13% to ₹10,793.25 crore. The company significantly reduced its Underwriting Loss by 47.40% to ₹1,763 crore, though it remains in loss. Solvency Ratio improved to 4.21 from 3.70, well above regulatory minimum. Combined Ratio improved to 106.02% from 108.81%, indicating better operational efficiency. Total Assets grew 5.12% to ₹1,97,220.93 crore and Net Worth increased to ₹51,301.27 crore.
The company delivered robust profitability growth with PAT up 25% and improved underwriting performance, which should be positive for shareholders. The strong solvency ratio provides comfort on financial stability.