General Insurance Corporation of India — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
GIC reported gross premium income of Rs 13,475.36 crores for Q1 FY27, up from Rs 12,388.01 crores a year earlier, with the incurred claim ratio improving to 85.04% and the combined ratio improving to 104.88%. Profit after tax was Rs 1,922.04 crores and the solvency ratio rose to 4.32 as on June 30, 2026, compared to 3.85 a year earlier. Management discussed competitive pricing pressure in domestic and international reinsurance markets, provisioning of Rs 440 crores for Gujarat flood losses, and differentiated combined ratio targets for the domestic and foreign books.
GIC Re reported Q4 FY26 gross premium of Rs 11,030.48 crore, up from Rs 10,367 crore a year earlier, with profit after tax of Rs 2,254.24 crore versus Rs 2,182.88 crore in the corresponding quarter. For the full year, profit after tax rose 25.23% to Rs 8,392.18 crore and the combined ratio improved to 106.02% from 108.81%, while management described a softening reinsurance pricing environment entering FY27, particularly in fire and property lines, and discussed the impact of new domestic reinsurers on obligatory cessions.