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Informist, Saturday, Feb. 7, 2026

 

--GIC Oct-Dec net profit INR 15.19 bln vs INR 16.21 bln year ago 

--GIC Oct-Dec total income INR 115.57 bln vs INR 104.79 bln year ago 

--GIC Apr-Dec net profit INR 61.38 bln vs INR 45.18 bln year ago 

--GIC Apr-Dec total income INR 367.41 bln vs INR 336.24 bln year ago 

 

MUMBAI – General Insurance Corp. of India Ltd. reported an on-year fall in its bottom line during the December quarter owing to an increase in its non-operating total expenses. Though the insurer saw an increase in its operating profit, it held back INR 1.40 billion of that to transfer to reserves. Sequentially, the insurer's net profit fall was the steepest in six quarters.

 

The company's net profit fell over 6% on year and 47% on quarter to INR 15.19 billion in the quarter ended December. Its total income rose over 10% on year but registered a marginal fall on quarter to INR 115.57 billion. The net premium earned was INR 95.80 billion as against INR 85.40 billion in the year-ago quarter. 

 

Its total income rose 10.3% on a year-on-year basis but declined marginally as compared to the September quarter to INR 115.57 billion. Its total operating expenses were up over 9% on year and nearly 6% on a quarter-on-quarter basis to INR 102.30 billion. This led to an operating profit of INR 13.28 billion, up 18.5% on year. However, by taking out INR 1.40 billion for building reserves, the insurer only transferred INR 11.88 billion to its profit and loss account, up merely 6% on year.

 

In the non-operating results, expenses shot up to INR 1.63 billion in the December quarter. In the year-ago period, the insurer had received a write-back of INR 948.9 million on its expenses due to reversal in provision for doubtful debts and non-insurance expenses.

 

The insurance company's gross premium written rose just over 10% on year to INR 109.87 billion and its net premium written was up around 12% on year to INR 103.55 billion in this quarter. On the expenses side, the net commission fell nearly 3% on year and over 23% on a sequential basis to INR 17.19 billion during the quarter. The company spent INR 69.92 billion to pay claims, marginal rise up from the corresponding quarter and a near-31% gain on quarter. 

 

For the nine months ended December, the company posted a net profit of INR 61.38 billion, up from INR 45.18 billion in the year-ago period. Its total income came in at INR 367.41 billion as compared to INR 336.24 billion in the same period a year ago. 

 

Friday, shares of the company closed 2% higher at INR 380.55 on the National Stock Exchange. End

 

Reported by P. Madhu Kumar

Edited by Deepshikha Bhardwaj

 

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