General Insurance Corporation of India Q4 FY26 Results

Summary

General Insurance Corporation of India (GIC Re) announced a strong financial performance for the fiscal year ended March 31, 2026. The company reported a gross premium income of ₹44,006.74 crore, reflecting a healthy increase over the previous year. Profit Before Tax surged by 23.13% to ₹10,793.25 crore, while Profit After Tax rose by an impressive 25.23% to ₹8,392.18 crore. These positive results were primarily driven by a significant 47.40% reduction in underwriting loss, better investment income, and improvements in key ratios, including a lower incurred claims ratio of 85.40% and a strengthened solvency ratio of 4.21.

Key Highlights

1. 1

   General Insurance Corporation of India (GIC Re) reported a gross premium income of ₹44,006.74 crore for the year ended March 31, 2026, up from ₹41,153.95 crore in the previous fiscal year.

2. 2

   Profit Before Tax (PBT) significantly increased by 23.13% to ₹10,793.25 crore for FY26, compared to ₹8,765.64 crore in FY25.

3. 3

   Profit After Tax (PAT) also saw a substantial rise of 25.23% to ₹8,392.18 crore for FY26, up from ₹6,701.36 crore in the prior fiscal year.

4. 4

   The company demonstrated improved operational efficiency by reducing its underwriting loss by 47.40% to ₹1,763.00 crore for FY26, from ₹3,351.61 crore in FY25.

5. 5

   GIC Re's Solvency Ratio strengthened to 4.21 as on March 31, 2026, compared to 3.70 on March 31, 2025, indicating enhanced financial stability.

6. 6

   Total Assets grew by 5.12% to ₹1,97,220.93 crore as on March 31, 2026, from ₹1,87,615.74 crore on March 31, 2025.

7. 7

   The Incurred Claims ratio improved to 85.40% for FY26 from 88.44% in FY25, alongside a 2.79% reduction in the Combined Ratio to 106.02% for the same period.