Press Release

Ref. No.: GIC-HO/BOARD/SE-Q1-PR/153/2026-27 Date: 13th August 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 quarter ended 30.06.2026 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 GlCRe Press Release GIC Re announces Financial Performance for the Quarter ended 30.06.2026 Mumbai, August 13, 2026: GIC Re announced financial performance for the Quarter ended 30.06.2026 at the Board Meeting of Company held in Mumbai today. We give below the details of our financial performance for the Quarter ended 30.06.2026: • Gross Premium Income of the Company was < 13,475.36 crore for the Quarter ended 30.06.2026 as compared to< 12,388.01 crore for the Quarter ended 30.06.2025. • Incurred Claims ratio is 85.04% in the Quarter ended 30.06.2026 from 90.42% in the Quarter ended 30.06.2025. • Underwriting Loss is reduced by 20.26% to < 723.87 crore for the Quarter ended 30.06.2026 as compared to< 907.76 crore for the Quarter ended 30.06.2025. • Investment Income is < 3,265.51 crore for the Quarter ended 30.06.2026 as compared to < 3,313.74 crore for the Quarter ended 30.06.2025. • Solvency Ratio is 4.32 as on 30.06.2026 as compared to 3.85 as on 30.06.2025. • Profit Before Tax increased by 11 % to < 2,490.25 crore for the Quarter ended 30.06.2026 as compared to< 2,243.54 crore for the Quarter ended 30.06.2025. • Profit After Tax increased by 9.69% to < 1,922.04 crore for the Quarter ended 30.06.2026 as compared to Profit After Tax of< 1,752.23 crore for the Quarter ended 30.06.2025. • Total Assets increased by 5.19% to < 2,07,789.87 crore as on 30.06.2026 as compared to < 1,97,539.62 crore as on 30.06.2025. • Net Worth of the company (without fair value change account) recorded at< 53,124.50 crore on 30.06.2026 as against< 45,275.48 crore as on 30.06.2025. • Net Worth of the company (including fair value change account) recorded as< 90,790.41 crore on 30.06.2026 as against < 89,512.55 crore as on 30.06.2025. • Combined Ratio is reduced by 2.06% to 104.88% for the Quarter ended 30.06.2026 as against 106.94% for the Quarter ended 30.06.2025. • Adjusted Combined Ratio is increased by 0.22% to 87.73% for the Quarter ended 30.06.2026 as against 87.51 % for the Quarter ended 30.06.2025. General Insurance Corporation of India GlCRe Summary of Revenue and Profit and Loss Account (?' crore) Quarter ended Year ended Particulars No 30.06.2026 31.03.2026 30.06.2025 31.03.2026 1 Gross Premium 13,475.36 11,030.48 12,388.01 44,006.74 2 Net Premium 12,664.12 9,917.07 11,635.89 40,571.25 3 Earned Premium 11,081.46 9,785.06 11,088.21 39,378.35 4 Incurred Claims 9,423.96 7,902.16 10,026.16 33,627.66 5 % ofE arned Premium 85.0% 80.8% 90.4% 85.4% 6 Net Commission 2,386.70 2,167.24 1,849.45 7,972.03 · 7 % ofN et Premium 18.8% 21.9% 15.9% 19.6% 8 Expenses of Management 125.42 81.55 72.14 393.25 9 % ofN et Premium 1.0% 0.8% 0.6% 1.0% 10 Profit/(Loss) on Exchange 77.45 446.09 2.68 909.31 11 Premium Deficiency (53.30) (4.11) 50.90 57.71 12 Underwriting Profit/(Loss) (723.87) 84.31 (907.76) (1,763.00) 13 Investment Income (Net of exp) 3,265.51 3,059.46 3,313.74 13,089.34 14 Transfer to CAT Reserve 160.57 237.10 143.48 739.25 15 Other income less outgoings 109.18 53.35 (18.96) 206.17 16 Profit/ (Loss) Before Tax 2,490.25 2,960.02 2,243.54 10,793.25 17 Tax 568.22 705.78 491.32 2,401.08 18 Profit/ (Loss) After Tax 1,922.04 2,254.25 1,752.23 8,392.18 19 Combined Ratio 104.88% 103.43% 106.94% 106.02% International and Domestic Business Composition (~' crore) Quarter ended Quarter ended Gross Premium Share Share Growth 30.06.2026 30.06.2025 Domestic 11,218.34 83% 9,992.81 81% 12.3% International 2,257.02 17% 2,395.20 19% -5.8% Total 13,475.36 100% 12,388.01 100% 8.8% General Insurance Corporation of (India GICRe Breakup of Gross Premium (~' crore) Quarter ended Quarter ended Gross Premium Growth 30.06.2026 30.06.2025 A) Fire 3,225.33 3,575.92 -9.80% B) Miscellaneous -Total 8,550.47 7,907.86 8.13% Misc-Motor 1,871.89 1,833.36 2.10% Misc - Health 3,407.78 2,493.25 36.68% Misc - Agriculture 1,587.86 2,060.11 -22.92% Misc -Other LOBs 1,682.94 1,521.14 10.64% C) Marine 344.59 351.70 -2.02% Marine - Cargo 200.54 159.30 25.89% Marine - Hull 144.05 192.40 -25.13% D) Life 1,354.97 552.53 145.23% Total - A+B+C+D 13,475.36 12,388.01 8.78% Incurred Claims and Combined Ratio Incurred Claims (f crore) Combined Ratio(%) Particulars Quarter ended 30.06.2026 30.06.2025 30.06.2026 30.06.2025 Domestic 8,058.45 8,120.28 107.45% 104.30% International 1,365.51 1,905.88 95.20% 118.82% Total 9,423.96 10,026.16 104.88% 106.94% Particulars Fire Motor Health Agri Cargo Hull Life Incurred Claims ~ crore) Domestic 1,379.73 1,335.84 2,561.67 1,112.25 113.09 40.19 630.24 International 643.72 309.50 1.83 10.61 32.73 97.21 108.79 Total 2,023.45 1,645.34 2,563.50 1,122.86 145.81 137.40 739.03 Combined Ratio Domestic 110.48 105.89 113.04 95.58 97.15 57.89 175.29 International 77.34 133.03 54.61 55.96 148.51 114.70 147.12 Total 95.28 110.43 112.93 94.74 104.99 88.69 170.12 Note: Combined Ratio= (Net incurred claims/ Net earned premium)+ (Management expenses+ Commission on reinsurance)/ Net written premium Net Commission = Commission paid on reinsurance accepted -Commission on reinsurance cede General Insurance Corporation of India GICRe 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 Quarter ended 30.06.2026 are given below: • Consolidated Gross Premium Income of the company wast 13,541.51 crore for the Quarter ended 30.06.2026 as compared tot 12,417.16 crore for the Quarter ended 30.06.2025. • Investment Income of the group was t 3,303.12 crore for the Quarter ended 30.06.2026 as compared tot 3,349.37 crore for the Quarter ended 30.06.2025. • Consolidated Profit Before Tax for the Quarter ended 30.06.2026 was t 2,191.78 crore as compared to Profit Before Tax oft 2,663.67 crore for the Quarter ended 30.06.2025. • Consolidated Profit After Tax for the Quarter ended 30.06.2026 was t 1,743.67 crore as compared to Profit After Tax oft 2,530.59 crore for the Quarter ended 30.06.2025. • Group's Net worth (without fair value change account) for the Quarter ended 30.06.2026 is t 58,406.63 crores as compared to t 50,045.83 crore for the Quarter ended 30.06.2025. Summary of Revenue and Profit and Loss Account of Consolidated Financials (t' crore) SNo Particulars Year ended 30.06.2026 30.06.2025 1 Gross Premium 13,541.51 12,417.16 2 Net Premium 12,720.56 11,823.50 3 Earned Premium 11,097.77 11,273.88 4 Incurred Claims 9,755.47 9,790.07 5 Incurred Claims Ratio (on earned premium) 87.90% 86.84% 6 Net Commission 2,391.89 1,879.52 7 Net Commission Percentage (on Net Premium) 18.80% 15.90% 8 Expenses of Management 136.89 82.01 9 Expenses ofM anagement Ratio (on net premium) 1.08% 0.69% 10 Profit/(Loss) on Exchange 75.85 1.72 11 Premium Deficiency (53.30) 50.90 12 Underwriting Profit/(Loss) (1,057.32) (526.89) 13 Investment Income (Net of Expenses) 3,303.12 3,349.37 14 Catastrophe Reserve 160.57 143.48 17 Foreign Exchange Gain/(Loss) 31.07 ( 4.8 [Showing first 8,000 characters — download PDF for full document]