2 weeks ago

GIC Re Q1 Profit Rises 9.7% to ₹1,922 Crore

GIC Re Q1 Profit Rises 9.7% to ₹1,922 Crore
GIC Re Profit Rises 9.7% To ₹1,922 Crore In Q1 FY27, Gross Premium Grows 8.8% · freepressjournal.in

GIC Re is a big Indian company that helps other insurance companies cover very large risks.

It is called a reinsurer.

The company told everyone how much money it made in the first three months of its financial year.

It made a profit of about ₹1,922 crore.

That is 9.7 percent more than it made at the same time last year.

The money it collected from customers, called premium, also grew by nearly nine percent.

It paid out fewer claims than before, which helped improve its results.

But compared with the last three months of the previous year, its profit went down.

The company says it has enough money to pay future claims, with a stronger solvency ratio.

Overall, it was a decent start to the year for the company.

Key facts

Company
General Insurance Corporation of India (GIC Re)
Q1 FY27 Standalone Profit After Tax
₹1,922.04 crore (up 9.7% YoY)
Q1 FY27 Profit Before Tax
₹2,490.25 crore (up 11% YoY)
Gross Premium Income
₹13,475.36 crore (up 8.8% YoY)
Claims Ratio
85.04% (down from 90.42%)
Combined Ratio
104.88% (down from 106.94%)
Underwriting Result
Loss of ₹723.87 crore
Solvency Ratio (June 30, 2026)
4.32 (up from 3.85)

Sources

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