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Informist, Thursday, Aug. 13, 2026

 

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--GIC Apr-Jun net profit INR 19.22 bln 
--GIC Apr-Jun total income INR 133.30 bln 
--GIC Apr-Jun net profit INR 19.22 bln vs INR 17.52 bln year ago 
--GIC Apr-Jun total income INR 133.30 bln vs INR 133.52 bln year ago 
--GIC Apr-Jun net premium earned INR 110.81 bln vs INR 110.88 bln yr ago 
--GIC solvency ratio 4.32 times on Jun 30 vs 3.85 times year ago 
--GIC incurred claim ratio 85.04% on Jun 30 vs 90.42% year ago 
--GIC combined ratio 104.88% on Jun 30 vs 106.94% year ago

 

By Diksha Tripathy

 

MUMBAI – General Insurance Corp. of India posted a rise in its net profit for the second consecutive quarter in Apr-Jun on the back of a sharp rise in its other income. The company's total income and net premium earned declined marginally for the June quarter.

 

The company's net profit was INR 19.22 billion for the June quarter, up nearly 10% on year. Sequentially, the profit after tax was down nearly 15%. Its total income declined marginally on year to INR 133.30 billion. However, on a sequential basis, total income was up nearly 10%.

 

General Insurance Corp.'s other income due to currency depreciation, which led to the overall growth in total income, rose to INR 775 million from INR 27 million a year ago. The net premium earned by the company was down marginally on year, but up over 13% sequentially to INR 110.82 billion.

 

Its total expenses were down nearly 1% on year but up 17% on quarter at INR 118.83 billion in the June quarter. Of the total incurred claims, the claims paid were down nearly 8% on year to INR 72.87 billion. Sequentially, the insurer's claims paid rose nearly 6%. The net commission paid by the company grew 29% on year and 10% on quarter to INR 23.87 billion, which weighed on the bottom line. Other operating expenses rose over 9% on year and over 13% on quarter to INR 447 million.

 

The insurance company's gross premiums written rose to INR 134.75 billion in the June quarter from INR 123.88 billion in the year-ago quarter. General Insurance Corp.'s solvency ratio was 4.32 times as of Jun. 30, up from 3.85 times a year ago. The incurred claim ratio of the company was 85.04% as of Jun. 30, down from 90.42% a year ago. The combined ratio was 104.88% as of Jun. 30, as against 106.94% a year ago.

 

General Insurance Corp. disclosed its June quarter earnings during market hours Thursday. At 1437, its shares traded at INR 349.30 apiece on the National Stock Exchange, down nearly 2% from Wednesday.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Shubhayan Bhattacharya

 

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