| Margins | Combined ratio improved to 104.9% in Q1 FY27. |
|---|---|
| Demand visibility | Strong; industry GWP growing at 14% CAGR. |
| Management confidence | High regarding market leadership and solvency improvement. |
Growth
Stand-alone GWP reached ₹13,475 Cr in Q1 FY27; Incurred Claims Ratio improved to 85.0% vs 92.3% in FY24.
Outlook
Targeting ₹99,000 Cr reinsurance market by FY26; focused on Ind AS implementation and diversifying into Cyber and Surety.
Risks
Exposure to catastrophic events and climate change; volatility in international business underwriting profitability.
Last quarter's promises, checked
Delivered
- Guided combined ratio improvement by 1-2% → Delivered 104.9% vs 106.02% (= BEAT)
- Targeted improved solvency ratio → Delivered 4.21 vs 3.70 (= BEAT)
- Targeted growth in motor segment → Delivered tremendous growth/double market rate (= BEAT)
Partly delivered
- Targeted single-digit domestic growth → Delivered stand-alone GWP growth to ₹13,475 Cr (= PARTIAL)
Investor Presentation filed with NSE, NSE: GICRE. Summary written with AI assistance from the document.
General Insurance Corporation of India: key numbers
- Share price
- ₹313.40
- Market cap
- ₹54,983 Cr
- Revenue (annual)
- ₹52,986 Cr
- Net profit (annual)
- ₹9,662 Cr
- P/E (TTM)
- 6.2×Sector 21.9×
- Promoter holding
- 77.40%-5.00% QoQ
- FII holding
- 2.43%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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GIC Re shows margin improvement via portfolio pruning, yet remains under pressure from intense domestic competition and flat investment income. Management is pivoting toward retail health while reducing underperforming international motor and property exposures.
- Call
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