General Insurance Corporation of India's Q2 FY 2025-26 Quarterly Results

Result Summary

• General Insurance Corporation of India reported a 9.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.3%.
• Its expenses for the quarter were down by 16.6% QoQ and 0.5% YoY.
• The net profit increased 13.6% QoQ and increased 54.8% YoY.
• The earnings per share (EPS) of General Insurance Corporation of India stood at 16.38 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

General Insurance Corporation of India (GIC Re) is a leading public sector reinsurance company in India. It operates primarily in the insurance industry, providing a wide array of reinsurance products. GIC Re offers services that include fire, marine, motor, engineering, agriculture, aviation, health, liability, credit, and life insurance. As the sole domestic reinsurance provider in India, GIC Re plays a pivotal role in supporting the Indian insurance industry. The company also has a notable international presence, writing business in countries outside India. Recent developments regarding the company are not available, and thus, any recent strategic initiatives or changes in the business environment remain unspecified in this analysis.

Revenue

In the quarter ending September 2025 (Q2FY26), General Insurance Corporation of India reported a total income of ₹13,308.18 crores. This represents a decline of 9.4% compared to the previous quarter (Q1FY26), where the total income was ₹14,681.95 crores. However, when viewed year-over-year, there is an increase of 8.3% from the same quarter in the prior year (Q2FY25), which stood at ₹12,284.71 crores. This fluctuation in quarterly revenue highlights a volatile revenue environment, while the year-over-year increase suggests an upward trend in revenue over the longer term.

Profitability

The profitability of General Insurance Corporation of India improved significantly in Q2FY26. The company reported a profit before tax of ₹3,533.39 crores, marking a substantial quarter-over-quarter increase of 25.9% from Q1FY26, where the profit before tax was ₹2,807.15 crores. Compared to the same quarter the previous year (Q2FY25), this is a significant year-over-year increase of 54.5% from ₹2,286.92 crores. The profit after tax for Q2FY26 was ₹2,873.54 crores, an increase of 13.6% from the previous quarter's ₹2,530.59 crores and a 54.8% increase from the previous year's figure of ₹1,855.71 crores. The company's earnings per share (EPS) stood at ₹16.38, reflecting a 13.6% increase from ₹14.42 in the previous quarter.

Operating Metrics

The total expenses for General Insurance Corporation of India in Q2FY26 were ₹9,878.46 crores, showing a significant reduction of 16.6% from the previous quarter's ₹11,841.32 crores. This marks a slight decrease of 0.5% compared to the same quarter in the previous year, where the expenses were ₹9,933.04 crores. The tax expense for Q2FY26 was ₹617.09 crores, which is a 25.7% increase from the previous quarter's ₹490.90 crores and a 46.2% increase from ₹422.01 crores in Q2FY25. These operating metrics indicate a focus on cost management and efficiency in operations, as evidenced by the decrease in total expenses and the increase in tax expenses reflecting higher profitability.