General Insurance Corporation of India (GIC Re) has announced its standalone financial results for the quarter and half year ended September 30, 2026. The company reported a profit after tax of ₹2,45,562 Lakhs for the quarter. Key highlights include robust growth in gross premiums written and an increase in operating profit, demonstrating the company’s stable financial performance.
GIC Re Reports Strong Financial Performance for Q2 FY27
General Insurance Corporation of India (GIC Re) has disclosed its standalone financial results for the quarter and half year ended September 30, 2026. The company’s Board of Directors approved these unaudited financial results at their meeting held on October 30, 2026.
Key Financial Highlights:
Quarter Ended September 30, 2026:
- Gross Premiums Written: ₹11,22,821 Lakhs
- Net Premium Written: ₹10,56,203 Lakhs
- Premium Earned (Net): ₹10,55,968 Lakhs
- Income from Investments (Net): ₹2,81,531 Lakhs
- Total Income: ₹13,46,945 Lakhs
- Total Expense: ₹11,63,933 Lakhs
- Underwriting Profit/(Loss): (₹1,07,965) Lakhs
- Operating Profit/(Loss): ₹1,83,012 Lakhs
- Profit/(Loss) after tax: ₹2,45,562 Lakhs
Half Year Ended September 30, 2026:
- Gross Premiums Written: ₹24,70,357 Lakhs
- Net Premium Written: ₹23,22,615 Lakhs
- Premium Earned (Net): ₹21,64,114 Lakhs
- Income from Investments (Net): ₹4,98,679 Lakhs
- Total Income: ₹26,79,983 Lakhs
- Total Expense: ₹23,52,210 Lakhs
- Underwriting Profit/(Loss): (₹1,88,097) Lakhs
- Operating Profit/(Loss): ₹3,27,772 Lakhs
- Profit/(Loss) after tax: ₹4,37,766 Lakhs
Other Disclosures:
The company also disclosed that Ms. Jayashri Balkrishna, Executive Director, has opted for voluntary retirement under the Corporation’s Voluntary Retirement Scheme (VRS). Consequently, she will be relinquishing her office as Executive Director (Key Managerial Personnel) effective from the date of her relieving from services.
Disclosure on Related Party Transactions for the Half Year ended September 30, 2026 is being submitted separately in XBRL Format.
Source: BSE
