General Insurance Corporation of India
GIC Re Reports 25.23% PAT Increase to ₹ 8,392.18 crore for FY26
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 26 May 2026, 09:34 PM IST · BSE ID: 4e5a7dea-3668-44d5-8abf-b9292958bb91
View Original BSE Filing (PDF)
💡
In Simple Terms
GIC Re's annual profit after tax grew by 25.23%, driven by higher premium income and reduced underwriting losses.
🤖 AI Summary
- General Insurance Corporation of India (GIC Re) reported Profit After Tax of ₹ 8,392.18 crore for FY26, a 25.23% increase.
- Gross Premium Income for the year ended 31.03.2026 reached ₹ 44,006.74 crore, up 6.93% year-on-year.
- Underwriting Loss decreased by 47.40% to ₹ 1,763.00 crore for the year ended 31.03.2026.
- Solvency Ratio improved to 4.21 as on 31.03.2026 from 3.70 as on 31.03.2025.
- Consolidated Profit After Tax for the group increased by 29.9% to ₹ 9,662.38 crore for FY26.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Gross Premium Income
₹ 44,006.74 crore
6.93%
Profit After Tax
₹ 8,392.18 crore
25.23%
Underwriting Loss
₹ 1,763.00 crore
-47.40%
Consolidated Profit After Tax
₹ 9,662.38 crore
29.9%
🏢 How This Affects the Company
GIC Re's Gross Premium Income increased by 6.93% to ₹ 44,006.74 crore, indicating growth in its reinsurance business across domestic and international segments.
Profit After Tax increased by 25.23% to ₹ 8,392.18 crore. The Underwriting Loss decreased significantly by 47.40% to ₹ 1,763.00 crore, contributing to improved profitability.
The Incurred Claims ratio decreased to 85.40% from 88.44%, indicating improved claims management and underwriting efficiency. Combined Ratio also reduced to 106.02% from 108.81%.
The Solvency Ratio improved to 4.21 as on 31.03.2026 from 3.70, strengthening the company's financial resilience and capacity to absorb risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results disclosure.
👤
Who Is Affected
All shareholders are affected by the improved financial performance, specifically the 25.23% increase in Profit After Tax to ₹ 8,392.18 crore for the year ended 31.03.2026.
🔍
Management Signal
The financial results signal management's focus on enhancing underwriting profitability and strengthening the company's solvency position.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results – observe underwriting performance and premium growth.
IRDAI regulatory updates – monitor impact on GIC Re's Domestic Systemically Important Insurer status.
Investment income trends – review stability amidst market conditions in subsequent reports.
LOW RISK
Improved solvency ratio and reduced underwriting loss indicate a strengthening financial position.
💡 Investor Takeaway
GIC Re reported a 25.23% increase in Profit After Tax to ₹ 8,392.18 crore for the year ended March 31, 2026. Gross Premium Income grew 6.93% to ₹ 44,006.74 crore, and Underwriting Loss reduced by 47.40% to ₹ 1,763.00 crore.
⚖️ Strengths & Concerns
✅ Positives
- Profit After Tax increased by 25.23% to ₹ 8,392.18 crore for FY26, demonstrating improved financial performance.
- Underwriting Loss reduced by 47.40% to ₹ 1,763.00 crore, indicating enhanced underwriting profitability and efficiency.
⚠️ Concerns
- The Combined Ratio remains above 100% at 106.02% for FY26, suggesting that underwriting operations still incur a loss.
- International business combined ratio is higher at 120.05% for FY26 compared to 101.65% for domestic business.
📅 Company Track Record
GIC Re has consistently maintained its leadership in the Indian reinsurance market, being ranked as the 9th largest global reinsurer group in 2025. It also holds an AM Best Financial Strength Rating of A- (Excellent) with a Stable Outlook.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was GIC Re's Profit After Tax for the year ended 31.03.2026?
GIC Re reported a Profit After Tax of ₹ 8,392.18 crore for the year ended 31.03.2026, which is a 25.23% increase compared to ₹ 6,701.36 crore in the prior year.
What was GIC Re's Gross Premium Income for FY26?
The Gross Premium Income for GIC Re was ₹ 44,006.74 crore for the year ended 31.03.2026, marking a 6.93% growth from ₹ 41,153.95 crore in the previous year.
How did GIC Re's underwriting performance change in FY26?
GIC Re's Underwriting Loss reduced by 47.40% to ₹ 1,763.00 crore for the year ended 31.03.2026, down from ₹ 3,351.61 crore in the prior year. The Combined Ratio also decreased to 106.02% from 108.81%.
What is GIC Re's Solvency Ratio as on 31.03.2026?
GIC Re's Solvency Ratio stood at 4.21 as on 31.03.2026, an improvement from 3.70 as on 31.03.2025.
What was the Consolidated Profit After Tax for GIC Re's group in FY26?
The Consolidated Profit After Tax for GIC Re's group was ₹ 9,662.38 crore for the year ended 31.03.2026, an increase of 29.9% from ₹ 7,431.84 crore in the previous year.
Questions based on this BSE filing only. For information purposes.