General Insurance Corporation of India (GIC Re) has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results, approved by the Board of Directors on August 13, 2026, detail the company’s financial performance, including operating results, segment reporting, and key financial ratios. These figures provide insight into GIC Re’s operational efficiency and financial standing for the first quarter of the fiscal year.
GIC Re Announces Q1 FY27 Financial Results
General Insurance Corporation of India (GIC Re) has officially released its unaudited standalone and consolidated financial results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The Board of Directors, following recommendation from the Audit Committee, approved these results on August 13, 2026.
Key Financial Highlights
The reviewed financial statements, prepared in accordance with applicable accounting standards, encompass detailed operating results, segment-wise performance, and critical analytical ratios. For the standalone results, key figures presented include gross premiums written, net premiums, premium earned, and income from investments. Operating expenses, underwriting profits/losses, and appropriations are also detailed, offering a comprehensive view of the company’s performance during the quarter.
Consolidated Performance Overview
The consolidated financial results reflect the performance of GIC Re along with its subsidiaries and associates. These statements include segment income, underwriting profit/loss, and segment operating profit/loss across various business segments such as Fire, Motor, Aviation, Health, and Marine. The consolidated balance sheet also provides a snapshot of the company’s financial position, detailing sources and applications of funds as of June 30, 2026.
Auditor’s Review
The financial results were reviewed by joint statutory auditors, SHBA & CO LLP and SARA & Associates, Chartered Accountants. Their independent auditor’s limited review report confirms that based on their review, nothing has come to their attention that causes them to believe that the accompanying statements of financial results are not prepared in accordance with the prescribed standards or contain any material misstatement.
Key figures such as Net Premium Written for the standalone results reached ₹12,66,412 Lakhs, while consolidated Net Premium Written was ₹12,72,056 Lakhs for the quarter ended June 30, 2026. Total Income for the standalone operations stood at ₹13,33,038 Lakhs, and for consolidated operations at ₹13,36,054 Lakhs.
Source: BSE
