GIC Re investor presentation: H1 FY26-27 GWP Rs. 24,704 Cr, profit after tax Rs. 4,378 Cr
H1 FY26-27 standalone gross written premium Rs. 24,704 Cr and profit after tax Rs. 4,378 Cr; combined ratio 107.4%, solvency 418%.
By ScoutQuest · · 1 min read
- Gross Written Premium (H1 FY26-27, standalone)
- Rs. 24,704 Cr
- Profit After Tax (H1 FY26-27, standalone)
- Rs. 4,378 Cr
- Combined Ratio and Solvency
- combined ratio 107.4%, solvency 418%
- Period
- H1 FY26-27
- Positioning
- The company presents itself as the largest reinsurer in India's domestic reinsurance market with ~52% share, ranked 10th among global reinsurers, present in around 137 countries and an effective partner for the Afro-Asian region.
📉 For H1 FY26-27, on a standalone basis, GIC Re reports gross written premium of Rs. 24,704 Cr and profit after tax of Rs. 4,378 Cr, with a solvency ratio of 418%. The combined ratio of 107.4% sits above 100%, so underwriting is still running at a loss: an underwriting loss of Rs. 1,709 Cr against investment income of Rs. 7,504 Cr for the half year.
📉 The full year FY25-26 shows gross premium of Rs. 44,007 Cr and profit after tax of Rs. 8,392 Cr, against Rs. 6,701 Cr in FY24-25. Earnings continue to be funded by investment income rather than underwriting, which the presentation shows remaining in loss in every year printed.
💰 The investment book is the balance sheet's core, at Rs. 1,62,019 Cr by market value as on 30.09.2026. The company says its debt instruments are concentrated in sovereign and AAA rated bonds, which it says eliminates credit risk, and that it will stay focused on high quality bonds to minimise risk.
🌍 The company describes itself as India's largest reinsurer, ranked 10th globally, writing in around 137 countries and serving 59 direct insurers at home. Management says it will leverage that scale and its Afro-Asian brand equity to grow abroad, diversify geographically after the credit rating upgrade, and add surety, cyber and parametric covers in India.
Also from General Insurance Corporation of India
GIC Re to host Q2 FY27 earnings call with analysts/investors on 6 November 2026 at 11:30 IST
3 Nov 2026
Analyst advised avoiding GICRE after a consolidation breakdown below its support zone
28 Oct 2026
Board meeting on 30 October 2026 to consider and approve unaudited Q2 financial results
23 Oct 2026
More numbers
- Gross Written Premium, H1 FY26-2724,704 (Rs. Cr)
- Profit After Tax, H1 FY26-274,378 (Rs. Cr)
- Combined Ratio, H1 FY26-27107.4%
- Solvency Ratio, H1 FY26-27418%
- Underwriting Profit/(Loss), H1 FY26-27(1,709) (Rs. Cr)
- Investment Income, H1 FY26-277,504 (Rs. Cr)
- Gross Premium, FY25-2644,007 (Rs. Cr)
- Profit After Tax, FY25-268,392 (Rs. Cr)
- Profit After Tax, FY24-256,701 (Rs. Cr)
- Investment portfolio total, market value, as on 30.09.2026Rs. 1,62,019 Cr
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.