General Insurance Corporation of India — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

GIC Re reported strong Q2 FY26 results: Gross Premium Income rose to INR 9,601.70 Cr, PBT surged 52% to INR 3,472.76 Cr, and PAT climbed 54% to INR 2,866.79 Cr. Combined Ratio improved to 109.15%, and Solvency Ratio hit 3.85. Management highlighted disciplined underwriting and portfolio rebalancing. The domestic life business saw a higher combined ratio (114%) due to reserve strengthening for adverse past mortality experience. The company targets a 60-40 domestic-foreign premium mix and plans to leverage its A- rating for international growth in the January 2026 renewals. A one-off VAT demand inflated Q2 operating expenses. Management expresses confidence in its strategy and value creation.