Reinsures general insurance risks ceded by primary insurance companies in India and overseas, earning premium income that it invests until claims are settled. About 75% of the business is written for domestic clients and 25% for international markets, with India operations dominant. The combined ratio improved to 106.02% in FY26 from 108.8% the year before, the third straight year of improvement, but the underwriting book still ran losses, against which investment income of Rs 13,089 crore cushioned profit. Profit After Tax for FY26 was Rs 8,392 crore. The Government of India, the dominant shareholder, sold a 5% stake through an Offer for Sale in June 2026, taking its holding from 82.40% to 77.40%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Domestic reinsurance (75%), International reinsurance (25%), Investment income. Capital-intensive reinsurer with long-tail liabilities and a large investment float
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 1,992 | 2,386 | 6,907 | 7,432 | 9,662 |
| EPS, as reported (₹) | — | — | — | — | — |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 13,284 | 9,007 | 11,722 | 1,976 | 466 |
| Capex | (6) | (15) | (134) | 0 | (3) |
| ₹ crore | Q1 FY24 | Q2 FY24 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | — | — | — | — | — | — | — | — |
| Net profit | 978 | 1,689 | 2,499 | 2,531 | 2,874 | 1,751 | 2,533 | 1,744 |
| EPS (₹) | — | — | — | — | — | — | — | — |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GENERAL INS CORP OF INDIA ◆ | — | — | — | — | — | — | — | — |
| THE NEW INDIA ASSU CO LTD | — | — | — | — | — | — | — | — |
| STAR HEALTH & AL INS CO L | — | — | — | — | — | — | — | — |
| GO DIGIT GENERAL INS LTD | — | — | — | — | — | — | — | — |
| ICICI LOMBARD GIC LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · GIC Re: 54th AGM Notice Published, Dividend of Rs 3.5 Recommended | compliance | minimal | — | — |
| 31 Aug 2026 · Notice of 54th AGM on Sept 22, 2026; dividend of Rs 13.25 per share | board shareholder meetings | low | — | — |
| 31 Aug 2026 · GIC Re announces 54th AGM on September 22, 2026 | compliance | minimal | — | — |
| 20 Aug 2026 · GIC Re files Q1 FY27 earnings call transcript | investor communications | medium | — | — |
| 19 Aug 2026 · GIC Re submits revised Q1 FY27 investor presentation with corrected figures | investor communications | medium | — | — |
| 17 Aug 2026 · GIC Re posts Q1FY27 earnings call audio recording on website | investor communications | low | — | — |
| 14 Aug 2026 · New Part-time Non-Official Director assumes office at GIC Re | management changes | medium | — | — |
| 13 Aug 2026 · GIC Re Q1 FY27: PAT up 9.69% to Rs 1,922 cr; underwriting loss narrows | compliance | low | — | — |
| 13 Aug 2026 · GIC RE: New Company Secretary declines to join; Satheesh Kumar to continue | management changes | medium | — | — |
| 13 Aug 2026 · GIC Re Q1 FY27 results PAT up 9.7% to 1922 cr on 8.8% premium growth | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
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| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | (31.1) | 21.9 | 9 of 12 | 27% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
