GIC Re has announced its financial results for the nine months ended December 31, 2025. The company reported a Gross Premium Income of ₹32,976.26 crore, an increase from ₹30,786.87 crore in the previous year. Profit After Tax increased by 35.84% to ₹6,137.94 crore. The company’s Solvency Ratio stood at 3.87 as of December 31, 2025.
Financial Highlights
GIC Re announced its financial performance for the nine months ended December 31, 2025. Key highlights include:
- Gross Premium Income: Increased to ₹32,976.26 crore from ₹30,786.87 crore year-over-year.
- Incurred Claims Ratio: Improved to 86.93% from 90.42%.
- Underwriting Loss: Reduced by 37.58% to ₹1,847.32 crore.
- Investment Income: Increased to ₹10,029.88 crore from ₹8,869.50 crore.
- Profit Before Tax: Increased by 34.06% to ₹7,833.23 crore.
- Profit After Tax: Increased by 35.84% to ₹6,137.94 crore.
- Total Assets: Increased to ₹2,03,413.59 crore.
- Solvency Ratio: Stood at 3.87.
Key Ratios and Figures
Several key financial ratios and figures highlight GIC Re’s performance:
- Combined Ratio: Improved to 106.88% from 110.46%.
- Adjusted Combined Ratio: Improved to 85.08% from 89.12%.
- Net Worth (without fair value change account): Recorded at ₹48,490.40 crore.
- Net Worth (including fair value change account): Recorded at ₹92,056.08 crore.
Business Composition
The company’s business composition is divided between domestic and international operations:
- Domestic Premium: ₹25,388.97 crore, representing 77% of the total.
- International Premium: ₹7,587.29 crore, representing 23% of the total.
Consolidated Financials
GIC Re’s consolidated financials show strong performance:
- Consolidated Gross Premium Income: ₹33,206.85 crore.
- Consolidated Investment Income: ₹10,137.57 crore.
- Consolidated Profit Before Tax: ₹8,339.09 crore.
- Consolidated Profit After Tax: ₹7,129.79 crore.
Source: BSE
