GIC Re Q1 FY27 Results: Net Profit ₹1922 Crore, Premium Earned ₹11081 Crore
General Insurance Corporation of India (GIC Re) reported its Q1 FY27 results. Profit After Tax stood at ₹1922 Crore, with Premium Earned (Net) at ₹11081 Crore. Gross Premiums Written were ₹13475 Crore. The Solvency Ratio was 4.32 and EPS was ₹10.96. An IBNR provision of ₹440 Crore was booked for Gujarat floods.
The announcement of quarterly financial results is a material event for investors. While the results are largely in line with expectations, the underwriting loss and the provision for flood claims are factors that warrant attention.
The results show a mixed performance with an increase in premium earned but an underwriting loss. The net profit is stable year-on-year, but the overall financial metrics do not indicate a significantly positive or negative trend.
General Insurance Corporation of India (GIC Re) announced its unaudited financial results for the quarter ended June 30, 2026, following a Board of Directors meeting held on August 13, 2026. The meeting commenced at 9:30 a.m. IST and concluded at 1:25 p.m. IST.
The company reported a Profit After Tax of ₹1,92,204 Lakhs (₹1922 Crore) for the quarter ended June 30, 2026. The Premium Earned (Net) stood at ₹11,08,146 Lakhs (₹11081 Crore) for the same period.
Key financial highlights include Gross Premiums Written of ₹13,47,536 Lakhs, Net Premium Written of ₹12,66,412 Lakhs, and Income from Investments (net) of ₹2,17,147 Lakhs. Total income for the quarter was ₹13,33,038 Lakhs.
Operating expenses related to insurance business, including commissions and other operating expenses, amounted to ₹2,38,670 Lakhs and ₹4,465 Lakhs respectively. Incurred Claims (including IBNR/IBNER) were ₹2,13,709 Lakhs. The underwriting loss for the quarter was ₹80,132 Lakhs, while the operating profit stood at ₹1,44,760 Lakhs.
The company also reported a Solvency Ratio of 4.32 and an EPS of ₹10.96 (not annualized). The combined ratio was 104.88, and the adjusted combined ratio was 87.73.
The financial results have been reviewed by joint statutory auditors, S H B A & CO LLP and S A R A & Associates. The company has also noted an IBNR provision of ₹44,000 Lakhs booked on June 30, 2026, in respect of severe flooding in Gujarat.
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