How did the company's underwriting performance change?

Underwriting losses narrowed by 47% to ₹1,763 crore. This improvement was supported by a decline in the incurred claims ratio to 85.4%.

What is the dividend payout for shareholders?

The board recommended a final dividend of ₹13.25 per share. This represents a 32.5% increase over the ₹10.00 dividend paid in the previous year.

How strong is the company's capital position?

The solvency ratio improved to 4.21 from 3.70 in the previous year, indicating a stronger capital buffer relative to risk.

What drove the growth in premium income?

Gross premium income reached ₹44,007 crore, a 7% increase. The growth was primarily driven by the motor and life insurance segments.

Earnings · Insurance · Large cap

GIC Re profit jumps 25% to ₹8,392 crore as underwriting losses narrow

The reinsurer lifted its final dividend by 32.5% to ₹13.25 per share after a year of improved solvency and lower claims.

GICRE 26 May 2026 · 10:19 PM IST Verify on BSE · NSE

Mkt cap₹69,026 cr

P/E7.17×

ROE0.00%

Debt / eq.0.00

Div yld2.56%

₹8,392 cr Standalone net profit for FY26.

What's new

Standalone net profit rose 25% to ₹8,392 crore for FY26.
Gross premium income grew 7% to ₹44,007 crore, led by motor and life segments.
Underwriting losses dropped 47% to ₹1,763 crore as the claims ratio fell to 85.4%.

Why this matters

GIC Re is successfully trimming its underwriting losses, which is the most critical lever for a reinsurer's profitability. The jump in solvency to 4.21 provides a significant capital buffer, justifying the board's decision to hike the dividend payout.

What we're watching

Sustainability of the improved claims ratio in the coming quarters.
Growth trajectory of the motor and life reinsurance segments.
Impact of the higher dividend payout on the company's internal capital generation.

The full read

General Insurance Corporation of India closed FY26 with a 25% increase in standalone net profit to ₹8,392 crore. The reinsurer grew its gross premium income by 7% to ₹44,007 crore, with the motor and life segments acting as the primary engines.

Efficiency improved.

The company cut underwriting losses by 47% to ₹1,763 crore, aided by a lower incurred claims ratio of 85.4%. With the solvency ratio climbing to 4.21 from 3.70, the board felt confident enough to raise the final dividend by 32.5% to ₹13.25 per share. These results demonstrate a clear trend of better risk selection and capital management, providing a solid foundation for the coming year.

Questions answered

How did the company's underwriting performance change?: Underwriting losses narrowed by 47% to ₹1,763 crore. This improvement was supported by a decline in the incurred claims ratio to 85.4%.
What is the dividend payout for shareholders?: The board recommended a final dividend of ₹13.25 per share. This represents a 32.5% increase over the ₹10.00 dividend paid in the previous year.
How strong is the company's capital position?: The solvency ratio improved to 4.21 from 3.70 in the previous year, indicating a stronger capital buffer relative to risk.
What drove the growth in premium income?: Gross premium income reached ₹44,007 crore, a 7% increase. The growth was primarily driven by the motor and life insurance segments.

Mentioned: General Insurance Corporation of India · FY26

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.