General Insurance Corporation of India's Q4FY25 Quarterly Results

Result Summary

• General Insurance Corporation of India reported a 8.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.4%.
• Its expenses for the quarter were down by 26.6% QoQ and up 9.5% YoY.
• The net profit increased 53.9% QoQ and decreased 5.5% YoY.
• The earnings per share (EPS) of General Insurance Corporation of India stood at 14.7 during Q4FY25.

Financial Statments for Q4FY25

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

Company Overview

The General Insurance Corporation of India (GIC Re) is a prominent player in the insurance sector, primarily dealing in reinsurance. As a government-owned entity, GIC Re plays a crucial role in the Indian insurance landscape by providing reinsurance solutions to direct insurers. The corporation's main offerings include property, engineering, marine, aviation, health, and liability reinsurance. GIC Re's operations extend beyond the Indian market, with a presence in various international markets, allowing it to leverage global opportunities. As of now, there is no specific information available regarding recent major developments for GIC Re, but it continues to adapt to the evolving insurance landscape, driven by regulatory changes and market dynamics.

Revenue

For the quarter ending Q4FY25, the General Insurance Corporation of India reported a total income of ₹10,385.58 crores. This figure represents a decrease of 8.9% compared to the previous quarter (Q3FY25) where the total income was ₹11,398.68 crores. However, when compared to the same quarter in the previous fiscal year (Q4FY24), the total income increased by 11.4% from ₹9,321.67 crores. The year-over-year growth in total income suggests an overall positive trajectory in revenue generation over the past year, despite the quarterly decline observed.

Profitability

The corporation's profitability metrics show a significant improvement in the recent quarter. The profit before tax in Q4FY25 was ₹3,683.23 crores, reflecting an increase of 68.7% from the previous quarter's ₹2,183.79 crores. Comparing this with the same quarter in the preceding year, there is an increase of 21.8% from ₹3,025.00 crores. The profit after tax for Q4FY25 stood at ₹2,580.42 crores, up by 53.9% from Q3FY25, but a decrease of 5.5% compared to Q4FY24, which was ₹2,729.18 crores. The earnings per share (EPS) for the current quarter is ₹14.70, showing a 53.1% improvement over the previous quarter's ₹9.60, though it decreased by 5.8% from the same period last year, which was ₹15.60.

Operating Metrics

In terms of operating expenses, GIC Re recorded total expenses of ₹6,814.11 crores in Q4FY25. This represents a substantial decrease of 26.6% from the previous quarter's expenses of ₹9,282.28 crores. Year-over-year, there is an increase of 9.5% from the expenses in Q4FY24, which were ₹6,222.79 crores. The tax paid for Q4FY25 was ₹541.60 crores, showing a slight decrease of 3.3% from the previous quarter's ₹560.35 crores, but a notable increase of 30.3% compared to the same quarter in the previous year, which was ₹415.72 crores. These operating metrics provide insights into the corporation's cost management and tax obligations over the observed periods.