General Insurance Corporation of India (GIC Re) has announced its financial results for the half-year ended September 30, 2026. The company reported a 12.34% increase in Gross Premium Income to ₹24,703.57 crore compared to the previous year. Profit After Tax stood at ₹4,377.66 crore, while the Net Worth grew to ₹53,402.32 crore.
GIC Re Announces H1 FY27 Financial Performance
General Insurance Corporation of India (GIC Re) has officially announced its financial performance for the half-year period ended September 30, 2026. The results were declared following a Board Meeting held in Mumbai. The company has detailed significant movements across its key financial indicators, highlighting growth and stability in its operations.
Key Financial Highlights
Gross Premium Income for the half-year ended 30.09.2026 reached ₹24,703.57 crore, representing a substantial 12.34% increase compared to ₹21,989.71 crore in the corresponding period of the previous year (ended 30.09.2025).
The Profit After Tax for the half-year stood at ₹4,377.66 crore. This figure is a decrease of 5.23% from the ₹4,619.02 crore reported for the half-year ended 30.09.2025.
Net Worth of the company, excluding the fair value change account, was recorded at ₹53,402.32 crore as of 30.09.2026, an increase from ₹46,669.38 crore as of 30.09.2025. Including the fair value change account, the Net Worth reached ₹93,138.68 crore as against ₹88,709.19 crore.
Operational Metrics
The Incurred Claims ratio for the half-year ended 30.09.2026 was 86.19%, slightly lower than the 86.45% recorded in the previous year. However, the Underwriting Loss saw an increase of 38.4% to ₹1,709.06 crore from ₹1,234.59 crore.
Investment Income for the period was ₹7,503.78 crore, an increase from ₹7,105.41 crore in the prior year. The Solvency Ratio improved to 4.18 as of 30.09.2026, up from 3.85 as of 30.09.2025.
The Combined Ratio was reported at 107.39% for the half-year ended 30.09.2026, showing a marginal improvement from 107.41% in the prior year. The Adjusted Combined Ratio increased to 85.92%.
Breakdown of Business
The company’s Gross Premium composition for the half-year ended 30.09.2026 shows Domestic business contributing 80% (₹19,794.41 crore) and International business contributing 20% (₹4,909.16 crore).
Consolidated Financials
The consolidated financials for GIC Re’s group, which includes subsidiary and associate companies, also indicate growth. Consolidated Gross Premium Income for the half-year ended 30.09.2026 was ₹24,712.89 crore, a 11.26% increase from ₹22,123.39 crore in the prior year. Consolidated Profit After Tax stood at ₹4,709.36 crore.
Source: BSE
