GIC Re Q2 FY26 PAT up about 60 percent YoY, board clears Rs 10 interim dividend

Profit growth above 25%Negative operating cash flowEmphasis of matterRelated-party transactionsResults View source PDF Explain this filing

GICRE · price

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

+1.1%Reaction day

₹386.60

prior close

₹393.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.3%+1.4% vs market

General Insurance peers, median of 5sector-0.2%+1.3% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 1.3 pts more 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.1-0.3+1.4-0.2+1.3

Next day

+1.9-0.3+2.2-1.0+2.9

+2.2+0.4+1.8+0.0+2.2

+1.7-0.2+1.9+0.0+1.6

+0.6+0.1+0.5-0.9+1.5

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-2.5-1.4-1.1-2.3-0.2

15d

-0.7-1.2+0.5-3.1+2.4

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-5.3-2.1-3.2-6.9+1.5

+0.6-2.3+2.9-6.2+6.9

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 standalone profit after tax of Rs 4,619 crore for H1 FY26 versus Rs 2,897 crore a year ago, up around 60 percent. Net premium written rose to Rs 20,299 crore from Rs 19,142 crore. Combined ratio improved to 107.71 from 111.64. Solvency ratio stood at 3.85. Board declared Rs 10 interim dividend per share. Total income grew to Rs 25,183 crore. Operating cash flow was negative at minus Rs 305 crore in H1.

Likely market impact

Strong profit growth, better combined ratio, and Rs 10 interim dividend support shareholders. Combined ratio still above 100 and negative operating cash flow are points to watch.