GIC Re Q1 FY27 results PAT up 9.7% to 1922 cr on 8.8% premium growth

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹355.70

prior close

₹348.25

announcement price

In-mkt

timing

Nifty Midcap 150market+0.1%-2.2% vs market

General Insurance peers, median of 5sector+0.3%-2.4% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 2.4 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.9

15m

+1.0

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1+0.1-2.2+0.3-2.4

Next day

-1.0-0.4-0.5-0.8-0.2

-0.2-0.3+0.1-0.1-0.1

+1.0-0.7+1.6-0.0+1.0

+1.1-0.9+2.0-0.0+1.1

+1.2-0.6+1.8-1.0+2.2

+0.3-0.4+0.7-0.9+1.2

15d

-0.0-1.3+1.3-3.3+3.3

-4.3-4.9+0.7-4.0-0.2

-10.3-7.2-3.2+4.2-14.6

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UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GIC Re reported Q1 FY27 standalone PAT of Rs 1922 cr vs Rs 1752 cr in Q1 FY26, up 9.7%. Gross premium written rose 8.8% to Rs 13475 cr. Operating profit grew to Rs 1448 cr from Rs 1353 cr. Underwriting loss narrowed to Rs 801 cr from Rs 910 cr. Combined ratio improved to 104.88 from 106.94. Solvency ratio rose to 4.32 from 3.85. Government holding fell to 77.4% from 82.4%, with public shareholding up to 22.6%. Gujarat floods post-quarter-end led to Rs 440 cr IBNR provision. Auditors gave clean limited review.

Likely market impact

Steady growth with improving solvency and combined ratio. Gujarat flood claims are a watchpoint but largely priced in via IBNR provisioning.