General Insurance Corporation of India (GIC Re) announced a ₹215.56 crore operating profit for Q2 2026, compared to ₹135.32 crore in Q2 2025. Total income reached ₹1,183.13 crore. The underwriting loss was ₹38.77 crore. The combined ratio stood at 109.15. The solvency ratio remained strong at 3.85. The results reflect a solid performance in a challenging market environment.
Financial Performance Overview
General Insurance Corporation of India (GIC Re) has released its financial results for the second quarter of fiscal year 2026. Key highlights from the announcement include:
- Operating Profit: ₹215.56 crore for Q2 2026, compared to ₹135.32 crore for Q2 2025.
- Total Income: ₹1,183.13 crore
- Underwriting Loss: ₹38.77 crore
Key Financial Ratios
Several important financial ratios were detailed in the earnings release. These provide insight into the financial health and operational efficiency of GIC Re:
- Combined Ratio: 109.15
- Solvency Ratio: 3.85
Segmental Performance
GIC Re’s business is divided into various segments. Their performance in Q2 2026 is noted below:
- Fire: Operating Profit of ₹170.27 crore
- Miscellaneous: Operating Profit of ₹163.95 crore
- Marine: Operating Profit of ₹27.54 crore
Reserves and Future Outlook
The company continues to build its reserves and sees seasonality affect full year performance.
- Profit transferred to Profit and Loss account is ₹193.73 crore.
- Transferred to reserves is ₹21.83 crore.
A Catastrophe Reserve has been put in place which is intended to be utilized towards meeting large catastrophe losses against the insurance policies in force. The current Catastrophe Reserve is ₹36.18 crore.
Source: BSE
