General Insurance Corporation of India
GIC Re Reports Half Year FY27 Profit After Tax Reduced by 5.23%
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 30 Oct 2026, 08:06 PM IST · BSE ID: d3ed628b-24c1-47ab-a7f8-82323b3ce848
View Original BSE Filing (PDF)
💡
In Simple Terms
GIC Re's half-year premium income grew, but profits after tax and underwriting performance declined.
🤖 AI Summary
- GIC Re's Gross Premium Income reached ₹ 24,703.57 crore for the half year ended September 30, 2026.
- Profit After Tax reduced by 5.23% to ₹ 4,377.66 crore for the half year ended September 30, 2026.
- Underwriting Loss increased by 38.4% to ₹ 1,709.06 crore for the half year ended September 30, 2026.
- Solvency Ratio stood at 4.18 as on September 30, 2026, compared to 3.85 a year ago.
- Total Assets increased by 7.46% to ₹ 2,13,420.24 crore as on September 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Gross Premium Income
₹ 24,703.57 crore
12.34%
Profit After Tax
₹ 4,377.66 crore
-5.23%
Underwriting Loss
₹ 1,709.06 crore
38.4%
Investment Income
₹ 7,503.78 crore
Total Assets
₹ 2,13,420.24 crore
7.46%
🏢 How This Affects the Company
Domestic gross premium income increased by 15.9% to ₹ 19,794.41 crore, growing its share of total gross premium to 80% from 78%. International gross premium income remained flat at ₹ 4,909.16 crore, reducing its share to 20% from 22%.
Profit After Tax decreased by 5.23% to ₹ 4,377.66 crore. The increase in underwriting loss by 38.4% to ₹ 1,709.06 crore contributed to the reduction in profitability despite higher investment income.
The increased underwriting loss indicates higher claims relative to premiums or increased operating expenses in reinsurance operations. The improved solvency ratio of 4.18 as on September 30, 2026, from 3.85 as on September 30, 2025, suggests stronger capital adequacy.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial performance announcement.
👤
Who Is Affected
All shareholders are affected by the reported financial performance, particularly the 5.23% reduction in Profit After Tax to ₹ 4,377.66 crore.
🔍
Management Signal
The financial results indicate management's focus on maintaining premium growth and improving solvency, while also managing higher underwriting losses.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — review continuation of underwriting loss trend
Consolidated financial performance — evaluate group-level profitability in upcoming reports
IRDAI regulatory updates — monitor any changes impacting D-SIIs like GIC Re
MEDIUM RISK
Increasing underwriting losses despite premium growth and declining PAT indicate operational challenges in core reinsurance business.
💡 Investor Takeaway
GIC Re reported a Profit After Tax of ₹ 4,377.66 crore for the half year ended September 30, 2026, a 5.23% reduction from ₹ 4,619.02 crore in the previous half year. Gross Premium Income grew 12.34% to ₹ 24,703.57 crore, but Underwriting Loss increased 38.4% to ₹ 1,709.06 crore.
⚖️ Strengths & Concerns
✅ Positives
- Gross Premium Income increased to ₹ 24,703.57 crore for H1 FY27, up 12.34% from ₹ 21,989.71 crore in H1 FY26.
- Solvency Ratio improved to 4.18 as on 30.09.2026, from 3.85 as on 30.09.2025, indicating stronger financial position.
⚠️ Concerns
- Profit After Tax reduced by 5.23% to ₹ 4,377.66 crore for H1 FY27 compared to ₹ 4,619.02 crore in H1 FY26.
- Underwriting Loss increased by 38.4% to ₹ 1,709.06 crore for H1 FY27, from ₹ 1,234.59 crore in H1 FY26.
📅 Company Track Record
In a previous filing on May 26, 2026, GIC Re reported a 25.23% growth in Profit After Tax to ₹ 8,392.18 crore for the full FY26. This current filing shows a half-yearly decline in PAT.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was GIC Re's Gross Premium Income for the half year ended 30.09.2026?
GIC Re's Gross Premium Income was ₹ 24,703.57 crore for the half year ended 30.09.2026, up from ₹ 21,989.71 crore in the prior half year.
How did GIC Re's Profit After Tax change in the half year ended 30.09.2026?
GIC Re's Profit After Tax reduced by 5.23% to ₹ 4,377.66 crore for the half year ended 30.09.2026, compared to ₹ 4,619.02 crore in the half year ended 30.09.2025.
What was the Underwriting Loss for GIC Re in the half year ended 30.09.2026?
The Underwriting Loss for GIC Re increased by 38.4% to ₹ 1,709.06 crore for the half year ended 30.09.2026, up from ₹ 1,234.59 crore in the half year ended 30.09.2025.
What is GIC Re's Solvency Ratio as on 30.09.2026?
GIC Re's Solvency Ratio is 4.18 as on 30.09.2026, compared to 3.85 as on 30.09.2025.
What is the total asset value for GIC Re as on 30.09.2026?
GIC Re's Total Assets increased by 7.46% to ₹ 2,13,420.24 crore as on 30.09.2026, from ₹ 1,98,612.62 crore as on 30.09.2025.
Questions based on this BSE filing only. For information purposes.