GIC Re announced its financial results for the period ended September 30, 2025. The company reported a ₹21,989.71 crore Gross Premium Income. Profit After Tax increased by 59.43% to ₹4,619.02 crore. The Incurred Claims ratio was reported at 86.45%. Total Assets increased to ₹1,98,612.62 crore. Adjusted Combined Ratio stood at 84.04%.
Financial Highlights for Q2 2025 (Jul-Sep)
GIC Re (General Insurance Corporation of India) has released its financial performance for the half year ended September 30, 2025. Key highlights from the announcement include:
Key Performance Indicators
- Gross Premium Income: Increased to ₹21,989.71 crore compared to ₹20,819.16 crore for the same period last year.
- Incurred Claims Ratio: Improved to 86.45% from 91.58% in the previous year.
- Underwriting Loss: Reduced by 45.50% to ₹1,295.47 crore.
- Gross Investment Income: Increased to ₹6,986.77 crore from ₹6,166.41 crore.
- Solvency Ratio: Stood at 3.85 as of September 30, 2025, compared to 3.42 last year.
- Profit Before Tax: Increased by 55.58% to ₹5,716.30 crore.
- Profit After Tax: Increased by 59.43% to ₹4,619.02 crore.
- Total Assets: Increased by 1.91% to ₹1,98,612.62 crore.
- Net Worth (without fair value change): Recorded at ₹46,669.38 crore.
- Net Worth (including fair value change): Recorded at ₹88,709.19 crore.
- Combined Ratio: Reduced to 107.71% from 111.64%.
- Adjusted Combined Ratio: Reported at 84.04%.
Segmental Performance (Gross Premium)
- Domestic: ₹17,080.66 crore (78% of total).
- International: ₹4,909.05 crore (22% of total).
Gross Premium Breakdown
- Fire: ₹6,809.25 crore (6.67% growth).
- Miscellaneous: ₹13,503.33 crore (4.44% growth).
- Marine: ₹588.97 crore (-6.76% growth).
- Life: ₹1,088.16 crore (24.33% growth).
Consolidated Financial Highlights
- Gross Premium: ₹22,123.39 crore
- Net Premium: ₹20,411.15 crore
- Profit Before Tax: ₹5,978.76 crore
- Profit After Tax: ₹5,404.12 crore
Source: BSE
