Quarterly Result7 Aug 2025, 08:22 pm
GIC Re Announces 61.04% Increase in Profit Before Tax for Q1 2025
AI Summary
GIC Re, the government-owned reinsurance company, announced its financial performance for the quarter ended 30.06.2025. The company's Gross Premium Income was ₹ 12,388.01 crore, a slight decrease from the ₹ 12,405.68 crore in the same quarter of the previous year. The underwriting loss was reduced by 29.55% to ₹ 907.76 crore. The company's gross investment income increased by 18.37% to ₹ 3,228.51 crore. The Profit Before Tax (PBT) increased by 61.04% to ₹ 2,243.54 crore and the Profit After Tax (PAT) increased by 69.08% to ₹ 1,752.23 crore. The total assets increased by 5.89% to ₹ 1,97,539.62 crore. The combined ratio is reduced by 2.66% to 106.94%.
Key Highlights
- Gross Premium Income of ₹ 12,388.01 crore for Q1 2025
- Underwriting loss reduced by 29.55%
- Gross Investment Income increased by 18.37%
- Profit Before Tax increased by 61.04%
- Profit After Tax increased by 69.08%
- Total Assets increased by 5.89%