General Insurance of India Q2 FY27: PAT ₹1,922.04 Cr & Rev ₹13,475.36 Cr

Investor Takeaw and, Neutral

₹13,475.36 Cr gross premium income in Q1 FY27, up 13.6% YoY

Claim ratio improved to 85.04% from 90.42% YoY

Solvency ratio strengthened to 4.32 from 3.85 YoY

Profit after tax reached ₹1,922.04 crores

Combined ratio improved to 104.88% from prior period

Portfolio rebalancing toward non-property and retail health segments underway

Target combined ratios of 103 (domestic) and 95 (foreign) within 2-3 years

Long-term 60/40 domestic-international portfolio mix targeted

Investment portfolio value at ₹157,800 crores; net worth flat at ₹81,000–84,000 crores due to market volatility

Subsidiary losses in South Africa and Moscow impacted consolidated results

Market Cap: [amount context mismatch]7,974.23 Cr

P/E Ratio: 7.85

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹13,475.36 Cr	13.6%
Net Profit	₹1,922.04 Cr	Not available
EBITDA	Not available	Not available
EPS	Not available
OPM	Not available

What Changed

GIC reported a 13.6% YoY increase in gross premium income to ₹13,475.36 crores for Q1 FY27, driven by improved underwriting discipline. The claim ratio declined to 85.04% from 90.42% YoY, reflecting better risk management. Solvency ratio strengthened to 4.32 from 3.85 YoY, indicating enhanced financial resilience. Profit after tax reached ₹1,922.04 crores. The combined ratio improved to 104.88% from the prior period, signaling progress in underwriting efficiency. Management emphasized portfolio rebalancing toward non-property and retail health segments to improve risk profile. Target combined ratios of 103 (domestic) and 95 (foreign) are targeted within 2-3 years, with a long-term 60/40 domestic-international portfolio mix. Investment portfolio stood at ₹157,800 crores market value, though net worth remained flat at ₹81,000–84,000 crores due to fair value impacts in the investment book despite profitability. Subsidiary losses in South Africa and Moscow affected consolidated results, though not reflective of full-year performance. The company is prioritizing profitability and portfolio quality over growth, aiming for improved returns and stronger underwriting discipline.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
GICRE	7.85	Not available	Not available	67,974.23
HDFC Bank	15.5	14.3%	24.4%	1,181,607.38
ICICI Bank	15.47	N/A	N/A	8,92,242
SBI	10.44	N/A	N/A	8,89,093.09

GICRE trades at a lower P/E ratio compared to HDFC Bank, ICICI Bank, and SBI, suggesting potential relative valuation differences. However, peer ROE and ROCE data were not provided in the filing.

Risks & Concerns

Subsidiary losses in South Africa and Moscow impacted consolidated results

Net worth remained flat at ₹81,000–84,000 crores due to market volatility affecting investment portfolio value

Combined ratio of 104.88% remains above the target of 103 (domestic) and 95 (foreign) for the next 2-3 years

Market volatility continues to impact net worth despite profitability

Overall Tone: Neutral

Quarterly Trend

[Not provided in the context; section omitted]

📄 View Original Announcement (PDF)

📊 Stock Analysis — GICRE ✨ Ask AI About This

About General Insurance Corporation of India (GICRE)

Financial Services · Insurance · Listed on NSE

Market Cap: ₹62,246.11 Cr

View full GICRE stock details →

📡 Get AI alerts when GICRE files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track GICRE — Free

💡 Ask AI about this filing

"How will GIC achieve 10% growth amid reinsurance pricing pressures?" "What is the timeline for reaching 95% foreign combined ratio?" "How does flood provisioning impact future solvency?"

Ask AI Free →

📊 More GICRE filings

See all GICRE filings →

🔥 Also filed on 20 August 2026

JSLL Jeena Sikho Lifecare Limited Financial Results ANURAS Anupam Rasayan India Limited Financial Results NIRAJ Niraj Cement Structurals Limited Announcement PNBHOUSING PNB Housing Finance Limited Corporate Action KRONOX Kronox Lab Sciences Limited Announcement SUPRAJIT Suprajit Engineering Limited Annual Report

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when GICRE files new disclosures

Track GICRE filings, board meetings, and corporate actions. Free email alerts at 5 PM.