GIC Re announces Financial Performance for the period ended 30.09.2026

Ref. No.: GIC-HO/BOARD/SE-Q2-PR/264/2026-27 Date: 30th October 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Ltd. 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra Kurla Complex Mumbai – 400001 Mumbai - 400051 Scrip Code: (BSE – 540755/ NSE – GICRE) Sub: GIC Re announces Financial Performance for the period ended 30.09.2026 Dear Sir/Madam, We attach herewith Press release issued on the subject matter for information and records. The same will also be available on the website of the Corporation at www.gicre.in . Thanking You. For General Insurance Corporation of India (Satheesh Kumar) Company Secretary & Compliance Officer Encl.: A/A Public General Insurance Corporation of India GICRe Press Release GIC Re announces Financial Performance for the Half Year ended 30.09.2026 Mumbai, October 30, 2026: GIC Re announced financial performance for the half year ended 30.09.2026 at the Board Meeting of Company held in Mumbai today. We give below the details of our financial performance for the half year ended 30.09.2026: • Gross Premium Income of the Company was { 24,703.57 crore for the half year ended 30.09.2026 as compared to {21,989.71 crore for the half year ended 30.09.2025. • Incurred Claims ratio is 86.19 % in the half year ended 30.09.2026 from 86.45% in the half year ended 30.09.2025. • Underwriting Loss is increased by 38.4 % to { 1,709.06 crore for the half year ended 30.09.2026 as compared to { 1,234.59 crore for the half year ended 30.09.2025. • Investment Income is { 7,503.78 crore for the half year ended 30.09.2026 as compared to {7,105.41 crore for the half year ended 30.09.2025. • Solvency Ratio is 4.18 as on 30.09.2026 as compared to 3.85 as on 30.09.2025. • Profit Before Tax reduced by 2.18 % to { 5,591.79 crore for the half year ended 30.09.2026 as compared to { 5,716.30 crore for the half year ended 30.09.2025. • Profit After Tax reduced by 5.23 % to { 4,377.66 crore for the half year ended 30.09.2026 as compared to Profit After Tax of {4,619.02 crore for the half year ended 30.09.2025. • Total Assets increased by 7.46 % to { 2,13,420.24 crore as on 30.09.2026 as compared to { 1,98,612.62 crore as on 30.09.2025. • Net Worth of the company (without fair value change account) recorded at {53,402.32 crore on 30.09.2026 as against { 46,669.38 crore as on 30.09.2025. • Net Worth of the company (including fair value change account) recorded as { 93,138.68 crore on 30.09.2026 as against {88,709.19 crore as on 30.09.2025. • Combined Ratio is 107.39 % for the half year ended 30.09.2026 as against 107.41 % for the half year ended 30.09.2025. • Adjusted Combined Ratio is increased by 2.60 % to 85.92 % for the half year ended 30.09.2026 as against 83.74% for the half year ended 30.09.2025. ~ l(dl<H-l l>.l l(Oj.flq 1f.l11q General Insurance Corporation of India Jrll'.IN'•li"I'~ GICRe Summan: of Revenue and Profit and Loss Account (t' crore) Year s Quarter ended Half Year ended ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 1 Gross Premium 11,228.21 13,475.36 9,601.70 24,703.57 21,989.71 44,006.74 2 Net Premium 10,562.03 12,664.12 8,663.43 23,226.15 20,299.32 40,571.25 ,.., Earned Premium 10,559.69 11,081.46 8,924.81 21,641.14 20,013.01 39,378.35 4 Incurred Claims 9,228.29 9,423.96 7,274.31 18,652.25 17,300.47 33,627.66 5 % ofE arned Premium 87.39% 85.04% 81.50% 86.19% 86.45% 85.40% 6 Net Commission 2,302.06 2,386.70 2,236.13 4,688.76 4,085.58 7,972.03 7 % ofN et Premium 21.8% 18.8% 25.8% 20.2% 20.1% 19.6% 8 Exp of Management 110.18 125.42 158.77 235.60 170.02 393.25 9 % ofN et Premium 1.0% 1.0% 1.8% 1.0% 0.8% 1.0% 10 P/(L) on Exchange 94.45 77.45 363.18 171.90 365.86 909.31 11 Premium Deficiency (1.20) (53.30) 6.50 (54.51) 57.39 57.71 12 Underwriting P/(L) (985.19) (723.87) (387.71) (1,709.06) (1,234.59) (1,763.00) 13 Inv Income (Net of exp) 4,238.26 3,265.51 3,791.67 7,503.78 7,105.41 13,089.34 14 Transfer to CAT Reserve 158.69 160.57 218.29 319.26 361.77 739.25 Other income less 15 7.16 109.18 287.09 116.34 207.25 206.17 outgoings 16 Profit/ (Loss) Before Tax 3,101.54 2,490.25 3,472.76 5,591.79 5,716.30 10,793.25 17 Tax 645.92 568.22 605.97 1,214.13 1,097.28 2,401.08 18 Profit/ (Loss) After Tax 2,455.62 1,922.04 2,866.79 4,377.66 4,619.02 8,392.18 19 Combined Ratio 110.23% 104.88% 109.15% 107.39% 107.41% 106.02% International and Domestic Business Composition (~' crore) Half Year Half Year ended Gross Premium ended Share Share Growth 30.09.2025 30.09.2026 Domestic 19,794.41 80% 17,080.66 78% 15.9% International 4,909.16 20% 4,909.05 22% 0.0% Total 24,703.57 100% 21,989.71 100% 12.3% '>l Ho'\,m1t11<0,.fl,-1 ,f.l,,q General Insurance Corporation of India GI(: Re Breaku~ of Gross Premium (~' crore) Half Year ended Half Year ended Gross Premium Growth 30.09.2026 30.09.2025 A) Fire 6,257.03 6,809.25 -8.11% B) Miscellaneous - Total 15,671.65 13,503.33 16.06% Misc-Motor 3,755.72 3,443.16 9.08% Misc-Health 6,559.30 4,560.04 43.84% Misc - Agriculture 2,056.38 2,523.60 -18.51% Misc - Other LOBs 3,300.25 2,976.54 10.88% C) Marine 624.37 588.97 6.01% Marine - Cargo 347.77 282.39 23.15% Marine - Hull 276.60 306.58 -9.78% D) Life 2,150.52 1,088.16 97.63% Total -A+B+C+D 24,703.57 21,989.71 12.34% Incurred Claims and Combined Ratio Incurred Claims (~ crore) Combined Ratio(%) Particulars Half Year ended 30.09.2026 30.09.2025 30.09.2026 30.09.2025 Domestic 15,227.86 13,517.14 107.29% 104.17% International 3,424.39 3,783.33 108.24% 119.87% Total 18652.2496 17300.4671 110.23% 108.45% Particulars Fire Motor Health Agri Cargo Hull Life Incurred Claims (f crore) Domestic 2,294.50 2,531.38 4,823.36 2,147.48 168.30 87.53 1,315.99 International 1,540.88 807.58 2.26 19.51 145.54 122.04 202.09 Total 3,835.38 3,338.97 4,825.62 2,166.99 313.84 209.57 1,518.08 Combined Ratio Domestic 104.95 105.92 112.57 100.27 89.48 61.93 111.82 International 86.14 152.29 51.84 62.56 297.53 121.05 128.92 Total 95.80 114.35 112.49 99.64 131.11 87.00 113.67 Note: Combined Ratio= (Net incurred claims/ Net earned premium)+ (Management expenses+ Comm~·ssi 1 reinsuranc~)/ ~et written ~rei_nium . . . . . <~~1 / :,;' l?j._, Net Comm1ss1on = Comm1ss10n paid on remsurance accepted -Comm1ss1on on remsurancRced -0__ -_ _ ".,_';,,.- --- _\o "~> ;,-.:¢- I;,-i:_>I ~<.!b).:., ·• )o - a,Z C J(, }r jt , I .~ :;0- -'-~:"*~ "V v ···-.;; -- ~ ~ Hi1i•Hll!.I HOliii)q1f.l11q General Insurance Corporation of India Jrf\l'fflll!"l(fatt;:n!T( CHCRe Consolidated Financials of GIC Re GIC Re's group includes Subsidiary Companies namely, GIC Re South Africa, GIC Re Corporate Member, London, and GIC Perestrakhovanie LLC, Moscow. The group also includes three Associate Companies namely GIC Re Bhutan, India International Insurance Pte Ltd, Singapore and Agriculture Insurance Company of India Ltd. The group performance highlights based on Consolidated Financial Statements for the Half Year ended 30.09.2026 are given below: I • Consolidated Gross Premium Income of the company was { 24,712.89 crore for the half year I ended 30.09.2026 as compared to {22,123.39 crore for the half year ended 30.09.2025. • Investment Income of the group was { 7,576.39 crore for the half year ended 30.09.2026 as I compared to {7,179.49 crore for the half year ended 30.09.2025. • Consolidated Profit Before Tax for the half year ended 30.09.2026 was { 5,790.25 crore as compared to Profit Before Tax of { 5,978.76 crore for the half year ended 30.09.2025. • Consolidated Profit After Tax for the half year ended 30.09.2026 was { 4,709.36 crore as compared to Profit After Tax of { 5,404.12 crore for the half year ended 30.09.2025. • Group's Net worth (without fair value change account) for the half year ended 30.09.2026 is { 57,799.51 crores as compared to { 51,694.97 crore for the half year ended 30.09.2025. Summan: of Revenue and Profit and Loss Account of Consolidated Financials ({' cro [Showing first 8,000 characters — download PDF for full document]