2 weeks ago
GIC Re Q1 Profit Rises 9.7% to ₹1,922 Crore
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.
GIC Re's Q1 FY27 standalone profit after tax rose 9.7% year-on-year to ₹1,922.04 crore from ₹1,752.23 crore.
Gross premium income grew 8.8% to ₹13,475.36 crore, with domestic premium up 12% to ₹11,218.34 crore (83% of total).
Incurred claims declined 6% to ₹9,423.96 crore, improving the claims ratio to 85.04% from 90.42%.
Sequentially, standalone profit fell 15% from Q4 FY26, and the company recorded an underwriting loss of ₹723.87 crore versus an underwriting profit.
Health premium jumped 37% and life premium surged 145%, while agriculture premium fell 23% and fire premium declined 9.8%.
- Who
- General Insurance Corporation of India (GIC Re), the country's state-owned reinsurer.
- What
- Reported Q1 FY27 standalone profit after tax of ₹1,922.04 crore, up 9.7% year-on-year, with gross premium income rising 8.8% to ₹13,475.36 crore.
- Where
- Mumbai, India.
- When
- Q1 FY27, with solvency figures as of June 30, 2026.
- Why
- Profit growth was driven by domestic premium growth, lower incurred claims, an improved claims ratio, and a narrowed underwriting loss.
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)








