GIC Re H1 FY27 Profit After Tax Drops To ₹4,377.66 Crore, Gross Premium Income Up 12.34% To ₹24,703.57 Crore
Mumbai: General Insurance Corporation of India (GIC Re) on Friday announced its financial performance for the half year ended 30 September 2026, reporting a profit after tax of ₹4,377.66 crore, a decrease of 5.23 per cent from ₹4,619.02 crore in the corresponding period last year. Gross Premium Income Rises The gross premium income for the half year stood at ₹24,703.57 crore, up from ₹21,989.71…
General Insurance Corporation of India (GIC Re) disclosed its half-year financial results for the period ending 30 September 2026, revealing a profit after tax of ₹4,377.66 crore, a 5.23% decline from ₹4,619.02 crore in the same period last year. Notably, gross premium income surged 12.34% to ₹24,703.57 crore, up from ₹21,989.71 crore in the previous half year.
The underwriting loss expanded by 38.4% to ₹1,709.06 crore, while investment income rose to ₹7,503.78 crore from ₹7,105.41 crore. The solvency ratio improved to 4.18, while the combined ratio decreased slightly to 107.39%. Total assets grew by 7.46% to ₹2,13,420.24 crore, and net worth increased to ₹53,402.32 crore. Domestic gross premium accounted for 80% of the total, growing by 15.9%, while international gross premium remained flat.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
