General Insurance Corporation of India (GIC Re) has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a Net Profit after tax of ₹174,367 Lakhs (approximately ₹174.37 crore). The standalone revenue for the quarter was ₹13,33,038 Lakhs, and the consolidated revenue stood at ₹13,36,054 Lakhs.
GIC Re Reports Strong Q1 FY27 Financials
General Insurance Corporation of India (GIC Re) has declared its financial results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The company showcased a robust performance with a Net Profit after tax of ₹1,74,367 Lakhs for the standalone entity. This represents a significant financial outcome for the reporting period.
Standalone Financial Highlights
On a standalone basis, GIC Re reported total income of ₹13,33,038 Lakhs for the quarter ended June 30, 2026. The company’s underwriting profit stood at (₹80,132) Lakhs, indicating a loss in underwriting activities for the period. However, the operating profit for the quarter was ₹1,44,760 Lakhs. The Gross Premiums Written were ₹13,47,536 Lakhs, with Net Premiums Written at ₹12,66,412 Lakhs.
Consolidated Financial Performance
The consolidated financial results for the same quarter presented a broader picture of the Group’s performance. Total income amounted to ₹13,36,054 Lakhs. The consolidated underwriting profit/ (loss) was (₹1,13,316) Lakhs. The operating profit on a consolidated basis reached ₹1,12,961 Lakhs. Gross Premiums Written on a consolidated basis were ₹13,54,151 Lakhs, and Net Premiums Written were ₹12,72,056 Lakhs.
Key Financial Metrics and Ratios
GIC Re also provided a range of analytical ratios. The Solvency Ratio was reported at 4.32 as at June 30, 2026. The Expenses of Management Ratio stood at 0.99. The Incurred Claim Ratio was 85.04, and the Combined Ratio was 104.88. Earnings per share (EPS) before and after extraordinary items were ₹10.96.
Balance Sheet Overview
As at June 30, 2026, the total sources of funds for the standalone entity amounted to ₹93,38,822 Lakhs. The total application of funds was also ₹93,38,822 Lakhs. The company’s Share Capital was ₹87,720 Lakhs, and Reserves and Surplus stood at ₹54,84,511 Lakhs. Total Assets were ₹1,48,37,765 Lakhs.
Source: BSE
