General Insurance Corporation of India — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GICRE delivered a robust Q1 FY26. Profit after tax jumped 70% to INR1,752.22 Cr, with profit before tax up 61%. Combined ratio improved to 106.94%, and underwriting loss fell 30%, even with two large claims adequately provisioned. Gross investment income rose 18%. Management projects 9-10% overall growth for FY26, led by strong international business (17-20% Y-o-Y) due to credit rating upgrades, alongside 6.5-7% domestic growth. The company maintains a robust 3.85% solvency ratio, prioritizing profitable underwriting and preparing for IndAS adoption.