GIC Re Reports H1 FY27 Profit After Tax of ₹4,377.66 Crore

General Insurance Corporation of India (GIC Re) announced its financial performance for the half year ended September 30, 2026. Gross Premium Income rose to ₹24,703.57 crore from ₹21,989.71 crore in the prior year period. The Incurred Claims ratio slightly improved to 86.19% from 86.45%. However, Underwriting Loss widened significantly by 38.4% to ₹1,709.06 crore. Investment Income increased to ₹7,503.78 crore. Profit Before Tax decreased by 2.18% to ₹5,591.79 crore, and Profit After Tax fell by 5.23% to ₹4,377.66 crore. The Solvency Ratio improved to 4.18. Consolidated Gross Premium Income for the group was ₹24,712.89 crore, with Consolidated Profit After Tax at ₹4,709.36 crore.