GIC Re announces Financial Performance for the Nine months ended 31.12.2025
GIC Re announced financial performance for the Nine months ended 31.12.2025 at the Board Meeting of company held in Mumbai today.
We give below the details of our financial performance for the Nine months ended 31.12.2025:
* Gross Premium Income of the company was Rs 32,976.26 crore for the Nine months ended 31.12.2025 as compared to Rs 30,786.87 crore for the Nine months ended 31.12.2024.
* Incurred Claims ratio is 86.93% in the Nine months ended 31.12.2025 from 90.42% in the nine months ended 31.12.2024.
* Underwriting Loss is reduced by 37.58% to Rs 1,847.32 crore for the Nine months ended 31.12.2025 as compared to Rs 2,959.34 crore for the Nine months ended 31.12.2024.
* Investment Income is Rs 10,029.88 crore for the Nine months ended 31.12.2025 as compared to Rs 8,869.50 crore for the nine months ended 31.12.2024.
* Solvency Ratio is 3.87 as on 31.12.2025 as compared to 3.52 as on 31.12.2024.
* Profit Before Tax increased by 34.06% to Rs 7,833.23 crore for the Nine months ended 31.12.2025 as compared to Rs 5,842.98 crore for the Nine months ended 31.12.2024.
* Profit After Tax increased by 35.84% to Rs 6,137.94 crore for the Nine months ended 31.12.2025 as compared to Profit After Tax of Rs 4,518.47 crore for the Nine months ended 31.12.2024. (We have started the practice of providing for Catastrophic Reserve on a Quarterly basis and not annually as done previously. If this were not done, PBT and PAT figures would be higher by Rs 502.15 crores)
* Total Assets are increased by 7.65% to Rs 2,03,413.59 crore as on 31.12.2025 as compared to Rs 1,88,953.20 crore as on 31.12.2024.
* Net Worth of the company (without fair value change account) recorded at Rs 48,490.40 crore on 31.12.2025 as against Rs 40,745.48 crore as on 31.12.2024.
* Net Worth of the company (including fair value change account) recorded as Rs 92,056.08 crore on 31.12.2025 as against Rs 85,803.69 crore as on 31.12.2024.
* Combined Ratio is reduced by 3.58% to 106.88% for the Nine months ended 31.12.2025 as against 110.46% for the nine months ended 31.12.2024.
* Adjusted Combined Ratio is 85.08% for the Nine months ended 31.12.2025 as against 89.12% for the nine months ended 31.12.2024.
Summary of Revenue and Profit and Loss Account
(Rs’ crore)
|
S No |
Particulars |
Quarter ended |
Nine months ended |
Year ended |
|||
|
31.12.25 |
30.09.25 |
31.12.24 |
31.12.25 |
31.12.24 |
31.03.25 |
||
|
1 |
Gross Premium |
10,986.55 |
9,601.70 |
9,967.71 |
32,976.26 |
30,786.87 |
41,153.95 |
|
2 |
Net Premium |
10,354.86 |
8,663.43 |
9,281.03 |
30,654.18 |
28,423.30 |
37,844.21 |
|
3 |
Earned Premium |
9,580.28 |
8,924.81 |
8,539.50 |
29,593.29 |
27,450.11 |
36,130.26 |
|
4 |
Incurred Claims |
8,425.04 |
7,274.31 |
7,500.30 |
25,725.51 |
24,819.45 |
31,953.69 |
|
5 |
% of Earned Premium |
87.9% |
81.5% |
87.8% |
86.9% |
90.4% |
88.4% |
|
6 |
Net Commission |
1,719.21 |
2,236.13 |
1,771.81 |
5,804.79 |
5,462.30 |
7,372.54 |
|
7 |
% of Net Premium |
16.6% |
25.8% |
19.1% |
18.9% |
19.2% |
19.5% |
|
8 |
Expenses of Management |
80.80 |
158.77 |
84.58 |
311.70 |
233.95 |
336.86 |
|
9 |
% of Net Premium |
0.8% |
1.8% |
0.9% |
1.0% |
0.8% |
0.9% |
|
10 |
Profit/(Loss) on Exchange |
97.36 |
363.18 |
236.89 |
463.22 |
109.73 |
143.60 |
|
11 |
Premium Deficiency |
4.43 |
6.50 |
2.09 |
61.82 |
3.48 |
(37.62) |
|
12 |
Underwriting Profit/(Loss) |
(551.84) |
(387.71) |
(582.39) |
(1,847.32) |
(2,959.34) |
(3,351.60) |
|
13 |
Investment Income (Net of exp) |
2,924.47 |
3,791.67 |
2,627.17 |
10,029.88 |
8,869.50 |
12,772.52 |
|
14 |
Transfer to CAT Reserve |
140.38 |
218.29 |
- |
502.15 |
- |
597.95 |
|
15 |
Other income less outgoings |
(115.31) |
287.09 |
123.90 |
152.82 |
(67.18) |
(57.33) |
|
16 |
Profit/ (Loss) Before Tax |
2,116.93 |
3,472.75 |
2,168.69 |
7,833.23 |
5,842.98 |
8,765.64 |
|
17 |
Tax |
598.01 |
605.97 |
547.33 |
1,695.30 |
1,324.50 |
2,064.28 |
|
18 |
Profit/ (Loss) After Tax |
1,518.92 |
2,866.78 |
1,621.35 |
6,137.94 |
4,518.47 |
6,701.35 |
|
19 |
Combined Ratio |
105.32% |
109.15% |
107.83% |
106.88% |
110.46% |
108.81% |
International and Domestic Business Composition
(Rs’ crore)
|
Gross Premium |
Nine months ended 31.12.2025 |
Share |
Nine months ended 31.12.2024 |
Share |
Growth |
|
Domestic |
25,388.97 |
77% |
23,657.36 |
77% |
7.3% |
|
International |
7,587.29 |
23% |
7,129.51 |
23% |
6.4% |
|
Total |
32,976.26 |
100% |
30,786.87 |
100% |
7.1% |
