| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | Gross premium up 8.7% YoY to ₹13,475 crore. |
|---|---|
| Margins | Improving; combined ratio dropped from 106.94% to 104.88%. |
| Demand visibility | Strong domestic demand; retail health segment cited as key growth driver. |
| Management confidence | Balanced; focused on selective underwriting and portfolio quality over aggressive volume. |
Growth
Gross premium grew 8.7% YoY; underwriting losses narrowed significantly with a combined ratio improvement to 104.88%.
Outlook
Targeting 10% premium growth and long-term combined ratio targets of 103% domestic and 95% international.
Risks
Domestic fire pricing declines, high combined ratios in motor, and flood losses in Gujarat (₹440Cr).
Last quarter's promises, checked
Delivered
- Guided 1% to 2% Combined Ratio improvement → delivered 2.06% improvement (= BEAT)
- Guided improved Solvency Ratio → delivered 4.32 from 4.21 (= BEAT)
- Guided 100 bps Combined Ratio improvement → delivered 206 bps improvement (= BEAT)
Partly delivered
- Guided domestic fire segment discipline → delivered 20% degrowth in Q4 fire premium (= PARTIAL)
Missed
- Guided single-digit growth for FY27 → delivered 8.7% YoY growth (= MISS)
- Guided international motor pruning → delivered 900 bps increase in motor combined ratio (= MISS)
Earnings Call Transcript filed with BSE, 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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