GIC Re 9M FY26: Gross Premium +7% to ₹33,000 Cr, PAT Surges 36% to ₹6,138 Cr; Solvency 3.87

General Insurance Corporation of India (GIC Re; BSE: 540755, NSE: GICRE), India's top reinsurer (9th global non-IFRS17), announced strong unaudited 9M FY26 results.

Key Metrics (₹ Cr):

- Gross Premium 32,976 (+7% YoY); Domestic 77% (+7%), Intl 23% (+6%).

- Incurred Claims Ratio 86.9% (vs 90.4%), Combined Ratio 106.9% (vs 110.5%; adj 85.1% vs 89.1%).

- Underwriting Loss 1,847 (-38% YoY).

- Investment Income 10,030 (+13%).

- PBT 7,833 (+34%), PAT 6,138 (+36%; ex-Q cat reserve: +₹502 Cr higher).

- Solvency 3.87 (vs 3.52); Assets ₹2,034 Bn (+8%), Net Worth ₹485 Bn (+19%; incl FV ₹921 Bn).

- Breakup: Fire 32%, Misc 60% (Motor 16%, Health 20%, Agri 9%), Marine 2%, Life 5%.

Consolidated (incl GIC Re SA, London, Moscow; assoc Bhutan/Singapore/AICI): GPI 33,207 (+6%), PAT 7,130 (+45%).

GIC Re (A- AM Best; D-SII) leads domestic treaties, global Afro-Asia; Lloyd's syndicate scales to 60:40 domestic-intl.

GIC Re trims underwriting losses, boosts investments for PAT beat.

Shares of General Insurance Corporation of India was last trading in BSE at Rs. 380.30 as compared to the previous close of Rs. 372.50. The total number of shares traded during the day was 36155 in over 1260 trades.

The stock hit an intraday high of Rs. 384.00 and intraday low of 372.25. The net turnover during the day was Rs. 13728806.00.

Source : Equity Bulls

Keywords

GeneralInsuranceCorporationofIndia INE481Y01014 GICRE Q3FY26 Q3FY2026 9MFY26 9MFY2026 ResultUpdate