GIC Re Q1 FY27 Gross Premium Up 8.78% to ₹13,475 Cr

General Insurance Corporation of India (GIC Re) announced its financial performance for the quarter ended June 30, 2026. Gross Premium Income rose by 8.78% to ₹13,475.36 crore from ₹12,388.01 crore in the same period last year. The company saw a significant reduction in its Incurred Claims ratio to 85.04% from 90.42%, leading to a 20.26% decrease in Underwriting Loss to ₹723.87 crore. Profit Before Tax increased by 11% to ₹2,490.25 crore, and Profit After Tax grew by 9.69% to ₹1,922.04 crore. The Solvency Ratio improved to 4.32 from 3.85. Total Assets grew by 5.19% to ₹2,07,789.87 crore, and Net Worth (without fair value change account) stood at ₹53,124.50 crore. Consolidated Gross Premium Income for the group also increased to ₹13,541.51 crore.