General Insurance Corporation of India

GIC Re Q1 FY25 Results: Strong Growth in Premiums & Profits 📈

- Standalone Premium Earned (Net): ₹11,08,821 lakhs in Q1 FY25 (up 28% from ₹8,68,015 lakhs YoY)

- Standalone Profit After Tax: ₹1,75,223 lakhs (up 69% from ₹1,03,636 lakhs YoY)

- Consolidated Profit After Tax: ₹2,17,277 lakhs (up 94% from ₹1,12,175 lakhs YoY)

- Solvency Ratio improves to 1.62 (from 1.09 last year)

- Standalone EPS at ₹9.99; Consolidated EPS at ₹14.42

- Incurred Claim Ratio rises to 90.42% (vs 82.19% YoY)

- Combined Ratio at 106.94% (vs 103.56% YoY)

- Catastrophe Reserve created (10% of operating profit, capped at ₹500,000 lakhs)

- Government retains 82.4% stake; public holding at 17.6%

- Dubai branch operations shifted to GIFT City