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General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)
GIC Re reported improved Q1 FY27 results: gross premium at INR 13,475 Cr, PAT at INR 1,922 Cr. Combined ratio improved to 104.88%, with solvency rising to 4.32. Management highlighted better underwriting from portfolio actions. Strategic focus is on profitable foreign markets (post-rating upgrade) and retail health domestically, aiming for...