Earnings Review
GIC's Q4 net profit up 3% YoY on higher net premiums
This story was originally published at 22:13 IST on 26 May 2026
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--GIC Jan-Mar net profit INR 22.54 bln vs INR 21.83 bln year ago
--GIC Jan-Mar total income INR 121.60 bln vs INR 113.64 bln year ago
--GIC to pay INR 13.25 per share dividend
--GIC FY26 net profit INR 83.92 bln vs INR 67.01 bln year ago
--GIC FY26 total income INR 489.01 bln vs INR 449.88 bln year ago
By Shweta
NEW DELHI – General Insurance Corp. of India Ltd. Tuesday reported an over 3% on-year rise in its bottom line for the March quarter owing to higher net premium earned and gains in other income. Sequentially, the insurer's net profit jumped over 48%.
The company's net profit was INR 22.54 billion for the March quarter. Its total income rose 7% on year and over 5% sequentially to INR 121.60 billion. The net premium earned was INR 97.85 billion as against INR 86.80 billion in the year-ago quarter. The company reported a significant gain in its other income – foreign exchange to INR 4.46 billion as against INR 338.7 million in the corresponding quarter a year ago.
Total expenses rose over 11% on year to INR 101.47 billion in the March quarter. But it fell nearly 1% sequentially. The insurer's change in outstanding claims jumped to INR 10.06 billion compared with INR 1.92 billion in the year-ago period. Its other operating expenses fell nearly 22% on year to INR 395 million but rose over 24% sequentially. The company's underwriting loss narrowed to INR 3.62 billion for the March quarter against INR 4.26 billion a year ago.
The isurance company's gross premiums written rose to INR 110.30 billion for the March quarter against INR 103.67 billion in the year-ago quarter. Its net commission rose over 13% on year and over 26% on quarter to INR 21.67 billion.
The company will pay a dividend of INR 13.25 for 2025-26 (Apr-Mar). On Tuesday, shares of the insurance company ended at INR 393.45 on the National Stock Exchange, up 0.5%. The insurer announced its quarterly earnings post-market hours.
For 2025-26 (Apr-Mar), General Insurance reported a net profit of INR 83.92 billion, up from INR 67.01 billion a year ago. Its total income was INR 489.01 billion for FY26, higher than INR 449.88 billion reported a year ago. End
Edited by Akul Nishant Akhooury
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