General Insurance Corporation of India (GIC Re) has announced the Investor Presentation for the second quarter of FY2026. The presentation, dated November 14th, 2025, provides insights into the company’s financial performance and strategic initiatives. Key highlights include a overview of the reinsurance industry, company financials, and growth strategies. The detailed presentation is also available on the corporation’s website.
Reinsurance Overview
The reinsurance industry plays a vital role in the insurance ecosystem by strengthening it through various mechanisms. It aids in driving the growth of the insurance industry by providing insurers with the capacity to write more business and protection against bottom-line volatility. The industry also provides protection against large and catastrophic losses.
Market Position and Key Financials
GIC Re is the 4th largest non-life market in Asia and 15th largest globally as of 2023. It is the largest reinsurer in the domestic market in India. The company holds approximately 51% of the Indian reinsurance market. As of September 2025, the Government of India holds 82.40% significant ownership in GIC Re. For FY24-25, GIC Re achieved a gross written premium of INR 41,154 Cr and a profit after tax of INR 6,701 Cr. The solvency ratio stood at 370%.
Segment and Business Mix
GIC Re operates with a mix of international and domestic business. For H1 FY25-26, the gross premium comprised 22% international and 78% domestic business. The combined ratio for the same period was 108%. The product mix is distributed across fire, agriculture reinsurance, health, motor, and life segments.
Strategic Vision and Way Forward
The company aims to leverage its scale and capitalize on its international brand equity. Key strategies include increasing focus on the international market and sustaining market share in India. GIC Re is committed to adopting modelling capabilities for better exposure management. They will also maintain a healthy capitalization while improving net incurred claims and commission ratio. The company has started building catastrophe reserves for climate change and focus on a balance sheet strength.
Source: BSE
