Intimation is enclosed.

Ref. No.: GIC-HO/BOARD/SE-Q1-T/173/2026-27 Date: 20th 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: Transcript of conference call held with Investors and Analysts to discuss the Unaudited financial results for the quarter ended 30th June 2026 Dear Sir/Madam, In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Transcript of the conference call held with Investors and Analysts on Monday, 17th August 2026, to discuss Unaudited Standalone and Consolidated financial results for the quarter ended 30th June 2026. Kindly take the above information on record. Thanking You. For General Insurance Corporation of India (Satheesh Kumar) Company Secretary & Compliance Officer Encl.: A/A Public “General Insurance Corporation of India Limited Q1 FY27 Earnings Conference Call” August 17, 2026 MANAGEMENT: MR. HITESH JOSHI -- CHAIRMAN CUM MANAGING DIRECTOR – GENERAL INSURANCE CORPORATION OF INDIA LIMITED MR. SANJAY MOKASHI – GENERAL MANAGER AND CHIEF UNDERWRITING OFFICER – GENERAL INSURANCE CORPORATION OF INDIA LIMITED MR. RAJESH LAHERI – CHIEF FINANCIAL OFFICER – GENERAL INSURANCE CORPORATION OF INDIA LIMITED MS. RADHIKA RAVISHEKAR – CHIEF INVESTMENT OFFICER – GENERAL INSURANCE CORPORATION OF INDIA LIMITED MODERATOR: MS. NIKITA – ERNST & YOUNG Page 1 of 13 Public General Insurance Corporation of India Limited August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to General Insurance Corporation of India Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on a touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Nikita Atri from EY. Thank you. Over to you, Ms. Atri. Nikita Atri: Thank you, Renju. Good morning to all the participants on the call, and thank you for joining Q1 FY27 earnings call for General Insurance Corporation of India. Please note that we have mailed out the press release and presentation to everyone, and now you can see the results on our website. It has been uploaded on the stock exchange as well. In case you have not received the same, you can write to us and we will be happy to send it over to you. Before we proceed with the call, let me remind you that the discussion may contain forward- looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with our businesses that could cause future results, performances, or achievement to differ significantly from what is expressed or implied by such forward-looking statements. To take us through the results for the quarter and answer our questions, we have with us Mr. Hitesh Joshi, Chairman and Managing Director, and other top members of the management at GIC. We will be starting the call with a brief overview of the quarter gone by, which will then be followed by the Q&A session. With that said, I will now hand over the call to Mr. Joshi. Over to you, sir. Hitesh Joshi: Good morning, ladies and gentlemen, and thank you for joining us for GIC's earnings call covering the first quarter FY27. As we begin FY27, the global reinsurance industry continues to demonstrate resilience supported by strong capitalization and sustained demand for risk transfer solutions. While abundant market capacity has resulted in increased competition across certain segments, particularly within property catastrophe reinsurance segment, underlying industry fundamentals remain supportive and continue to provide opportunities for profitable growth. In this environment, portfolio quality and prudent risk allocation remain key determinants of performance. Reinsurers continue to focus on maintaining risk-adjusted returns through selective underwriting and active portfolio management, while investment income remains a meaningful contributor to overall profitability. Against this backdrop, GIC remains well-positioned to navigate evolving market conditions, supported by its diversified business profile and strong financial foundation. We continue to focus on delivering profitable growth while creating long-term value for our stakeholders. We now look at some of the key highlights of our financial performance. Gross premium income for Q1 FY27 stood at INR13,475.36 crores compared to INR12,388.01 crores in the corresponding period of the previous year. Investment income for the quarter stood at INR3,265.51 crores, vis-a-vis INR3,313.74 crores in the corresponding period last year. Page 2 of 13 Public General Insurance Corporation of India Limited August 17, 2026 Incurred claim ratio for the quarter was 85.04% as against 90.42% in the corresponding quarter of the previous year. Combined ratio for the quarter stood at 104.88%, compared to 106.94% in the corresponding period last year. Profit before tax stood at INR2,490.25 crores for quarter 1 FY27. Profit after tax was INR1,922.04 crores for the quarter. Solvency ratio improved to 4.32 as on June 30, 2026, as compared to 3.85 as on June 30, 2025. The quarter delivered a marked improvement across key underwriting metrics. Lower claims experience and an improved combined ratio contributed to a meaningful reduction in underwriting losses. The improvement in operating performance reflects the continued benefits of portfolio actions undertaken over recent years and demonstrates the resilience of our business across market cycles. As we progress through FY27, our priorities remain centered on maintaining portfolio quality, prudent deployment of capital, and disciplined risk selection. While competitive intensity has increased across certain markets, we remain focused on opportunities that meet our return expectations and support sustainable value creation over the long term. With a healthy solvency position, diversified portfolio, and strong financial foundation, we believe GIC is well-positioned to deliver consistent performance while continuing to support the risk protection requirements of clients across domestic and international markets. Thank you. With that, we now open the floor for questions and answers. Moderator: Thank you. We will now begin the question-and-answer session. The first question comes from the line of Avinash Singh with Emkay Global. Avinash Singh: One question on domestic Indian reinsurance market. What we have seen, I mean on the fire or rather commercial side, in the primary market there have been a steep price decline. The cause of this, of course, is the reinsurance support capacity and the kind of prices available are far, far lower. Now, can you comment on the prevailing market condition if we were to segregate the reinsurance players or say like GIC, and then you have many of the foreign global insurer branches, and third would be maybe offshore and the new shops in GIFT City. Which of these players have been very, very aggressive that has led to this situation? And secondly on that, if the experience in terms of the natural or manmade catastrophic continues to be benign, that has been the case for last 1, 2 years that has led to this pricing. Do you expect this pricing condition to further deteriorate? Second, if you can provide some updates, a rough assessment. Are the losses from the recent flooding activity, particularly in the states like Gujarat and all, that is going to be material to cause losses to some of the reinsurers. So what will be your assessment of this recent [Showing first 8,000 characters — download PDF for full document]