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General Insurance Corporation of India (GIC Re) is the leader in the Indian reinsurance market, providing reinsurance services across various business lines including property, motor, agriculture, marine, engineering, aviation, health, and liability. It operates internationally with offices in London, Dubai, Kuala Lumpur, and Moscow. GIC Re was incorporated in 1972 and converted to a public limited company in 2016. It is registered with IRDAI for reinsurance business. The company was listed on the stock exchange in 2017 through an IPO, reducing government ownership to 85.78%. GIC Re manages the Terrorism Insurance Pool, the FAIR NATCAT Reinsurance Pool, and co-launched the India Nuclear Insurance Pool. It has subsidiaries in Bhutan, South Africa, and Russia. The company provides reinsurance support to both general and life insurance companies in India and internationally.
In the news

GIC Re flags GIFT City reinsurer competition amid market challenges

GIC Q1 profit rises 9.7% YoY to ₹1,922 crore on improved claims

GIC Q1 Net Profit Falls 31% to ₹1,744 Cr Despite Premium Growth

GIC Re targets A rating upgrade, portfolio rebalancing under new CMD

GIC Re shifts overseas focus to reduce climate risk exposure

Government's ₹16,000 Crore PSU Disinvestment Drive: Strategy, Market Dynamics & IRFC's Comeback Bid

Govt announces key insurance sector leadership changes

GIC Re OFS: Why Shares Slumped 6% on Government Stake Sale

GIC Re withdraws marine war cover as Strait of Hormuz closes

FSIB Selects Hitesh Joshi as GIC Re CMD

Joshi gets 3-month extension as GIC Re interim chief

RIL's $247 Million KG Basin Arbitration Nears Resolution in 2026
The Quarter story
The two most recent quarterly results, compared side-by-side.
GIC India posts strong premium and profit growth, though underwriting losses persist alongside equity market headwinds.
Gross Written Premium grows from ₹12,388 Cr to ₹32,976 Cr from Q1 to Q3 FY26, reflecting strong top-line momentum.
Combined Ratio stays above 100%, moving from 106.9% to 107.7% from Q1 to Q3 FY26, keeping underwriting operations loss-making.
Profit After Tax rises from ₹1,752 Cr to ₹6,138 Cr from Q1 to Q3 FY26, confirming robust bottom-line expansion.
Equity Market Value falls from ₹62,793 Cr to ₹52,909 Cr from Q1 to Q4 FY26, signaling market headwinds.
Total Investment Portfolio climbs from ₹1,10,026 Cr to ₹1,17,745 Cr from Q1 to Q4 FY26, indicating steady asset accumulation.
Underwriting Profit drops from -₹908 Cr to -₹1,295 Cr from Q1 to Q2 FY26, widening core insurance losses.
Return on Equity improves from 15.5% to 16.9% from Q1 to Q3 FY26, highlighting better capital efficiency.