General Insurance Corporation of India — PPTs, 01-12-2025: Investor Presentation

GIC Re, India's largest reinsurer with ~51% market share, posted strong H1FY26 consolidated performance. Gross Written Premium hit INR 22,123 Cr, and Profit After Tax soared to INR 5,404 Cr, reflecting a ~3x profit increase over the last three years. The Combined Ratio improved to 106.7%, and Solvency Ratio remains healthy at 385%, with an impressive ROE of 20.9%.

The company's strategy focuses on disciplined underwriting and diversification to further improve profitability. They are also actively managing exposure and emphasizing price adequacy. GIC Re is leveraging India's under-penetrated insurance market, which is expected to grow significantly, with reinsurance premiums projected to reach INR 99,275 Cr by 2025-26. Increasing focus on international markets and capitalizing on its global brand equity are also key growth drivers. Management is committed to maintaining healthy capitalization and strong credit ratings.