GIC of India has released its comprehensive investor presentation for February 2026, showcasing strong financial performance and strategic positioning in the global reinsurance market. The presentation highlights the company's continued growth trajectory and robust operational metrics across domestic and international markets.

Financial Performance Overview

The company demonstrated solid financial results for the nine-month period FY25-26, with several key performance indicators showing positive trends.

The combined ratio improvement to 106.9% reflects enhanced underwriting discipline and operational efficiency. The incurred claims ratio showed significant improvement to 86.9% for 9M FY25-26 compared to 88.4% in FY24-25.

Market Position and Business Mix

GIC Re maintains its dominant position in the Indian reinsurance market with approximately 52% market share. The company ranks 9th globally among reinsurance groups and holds an A-(Excellent) credit rating from A.M. Best.

The domestic business continues to form the core of operations, with the company maintaining balanced exposure across obligatory and non-obligatory segments. International operations contribute to geographic diversification and risk spread.

Strategic Initiatives and Growth Focus

The presentation outlines GIC Re's strategic approach centered on sustainable growth and digital transformation. Key focus areas include:

• Digital Innovation: Leveraging technology for enhanced customer experience and operational efficiency
• Sustainability Practices: Leading with green practices and responsible consumption initiatives
• Global Expansion: Strengthening presence in international markets
• Risk Management: Robust governance framework and prudent underwriting practices

Capital Strength and Solvency

GIC Re maintains strong capitalization with a solvency ratio of 387%, well above regulatory requirements. The company's net worth including fair value changes stands robust, supporting its capacity to underwrite larger risks and expand business operations.

Investment Performance and Returns

The company continues to generate consistent investment income, contributing significantly to overall profitability. Investment returns remain a key driver of financial performance, with the company maintaining a diversified investment portfolio across various asset classes.

GIC Re's presentation reinforces its position as India's leading reinsurer with strong fundamentals, improved operational metrics, and strategic focus on sustainable growth. The company's robust solvency position and consistent profitability demonstrate its resilience in the evolving reinsurance landscape.

General Insurance Corporation of India announced its Q3FY26 quarterly results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, showcasing continued robust financial performance. The reinsurance major reported strong results for both the quarter and nine months ended December 31, 2025, demonstrating significant growth across key operational and financial metrics.

Q3FY26 Quarterly Performance

For the quarter ended December 31, 2025, the company delivered solid financial results with gross premium written reaching ₹10,986.55 crore compared to ₹9,967.71 crore in the corresponding quarter of the previous year. The company reported profit after tax of ₹1,518.92 crore for Q3FY26 against ₹1,621.35 crore in Q3FY25.

Nine-Month Financial Highlights

The company maintained its strong nine-month performance with gross premium income reaching ₹32,976.26 crore, marking a 7.11% increase from ₹30,786.87 crore in the corresponding period of the previous year. Profit after tax surged 35.84% to ₹6,137.94 crore compared to ₹4,518.47 crore in the previous year.

Improved Underwriting Performance

The company demonstrated significant improvement in its underwriting metrics during the nine-month period. The incurred claims ratio improved to 86.93% from 90.42% in the previous year, indicating better risk management and claims control. The combined ratio improved to 106.88% from 110.46% in the previous year, while the adjusted combined ratio stood at 85.08% compared to 89.12% in the nine months ended December 31, 2024.

Business Segment Performance

The company's business portfolio showed consistent performance across segments. Domestic business contributed 77% of total gross premium with ₹25,388.97 crore, growing 7.30% year-on-year. International business accounted for 23% with ₹7,587.29 crore, registering 6.40% growth.

Strong Balance Sheet Position

GIC Re's financial position strengthened considerably during the period. Total assets increased by 7.65% to ₹2,03,413.59 crore as on December 31, 2025, compared to ₹1,88,953.20 crore in the previous year. The solvency ratio improved to 3.87 from 3.52 in the corresponding period last year, demonstrating enhanced capital adequacy and financial stability.

Consolidated Performance

On a consolidated basis, including subsidiary and associate companies, GIC Re reported gross premium income of ₹33,206.85 crore for the nine months ended December 31, 2025. Consolidated profit after tax reached ₹7,129.79 crore against ₹4,932.99 crore in the corresponding period last year, while group net worth without fair value change account stood at ₹53,706.40 crore.