GIC Re reports strong half-year earnings growth with profit surge

GIC Re reported a substantial increase in profit before tax (PBT) by 55.58% to ₹5,716.30 crore and profit after tax (PAT) by 59.43% to ₹4,619.02 crore for the half-year ended September 30, 2025, compared to the previous year. This growth was underpinned by a 5.6% rise in gross premium income to ₹21,989.71 crore and a reduction in underwriting loss by 45.50% to ₹1,295.47 crore. Gross investment income also increased by 13.29% to ₹6,986.77 crore.

The company's solvency ratio stood strong at 3.85 as of September 30, 2025, up from 3.42 in the prior year, while the combined ratio improved to 107.71% from 111.64%. Total assets grew by 1.91% to ₹1,98,612.62 crore. GIC Re also commenced providing for catastrophe reserve on a quarterly basis, impacting PBT and PAT positively by ₹361.77 crore. The board of directors approved these unaudited financial results and other matters in a meeting held on November 12, 2025.