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Informist, Wednesday, Nov. 12, 2025

 

--GIC Jul-Sept net profit INR 28.67 bln vs INR 18.61 bln year ago 

--GIC Jul-Sept total income INR 118.31 bln vs INR 111.80 bln year ago 

--GIC Apr-Sept net profit INR 46.19 bln vs INR 28.97 bln year ago 

--GIC Apr-Sept total income INR 251.83 bln vs INR 231.44 bln year ago 

 

By Kabir Sharma 

 

MUMBAI – General Insurance Corp. of India reported a sharp increase in net profit for the September quarter on a rise in gross premium and a slump in incurred claims. Sequentially, too, the bottom line rose by a significant margin on a sharp fall in incurred claims. 

 

General Insurance Corp. reported a net profit of INR 28.67 billion for the quarter ended September, up 54% on year. Sequentially, the profit rose 64%. The earnings were released after market hours. Shares of the company ended 0.6% higher at INR 386.90 on the National Stock Exchange on Wednesday. 

 

The gross premium of the insurer rose to INR 96.02 billion in the reporting quarter from INR 84.13 billion a year ago. However, sequentially, the gross written premium fell from INR 123.88 billion reported in the June quarter. Total income of the company rose to INR 118.31 billion in the reporting quarter from INR 111.80 billion a year ago.   

 

The bottom line was supported by a fall in incurred claims. Incurred claims fell to INR 72.74 billion in the September quarter from INR 82.85 billion a year ago and INR 100.26 billion a quarter ago. As a percentage of earned premium, incurred claims were 81.5% in September, down from 90.4% a quarter ago and 93.6% a year ago. 

 

The insurer had a profit of INR 3.63 billion on the exchange against a loss of INR 1.09 billion a year ago. This, too, boosted the net profit. Underwriting losses also narrowed to INR 3.88 billion in the September quarter from INR 10.88 billion a year ago. 

 

On the expenses side, commission and brokerage rose almost 50% on year to INR 22.36 billion in the reporting quarter. Other operating expenses rose nearly four times on year to INR 1.13 billion.

 

For Apr-Sept, the insurer reported a net profit of INR 46.19 billion compared with INR 28.97 billion a year ago. Total income for the period rose to INR 251.83 billion from INR 231.44 billion a year ago.  End

 

Edited by Deepshikha Bhardwaj

 

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