General Insurance Corporation of In's Q2 FY 2026-27 Quarterly Results

Result Summary

• General Insurance Corporation of India reported a 3.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 13.6%.
• Its expenses for the quarter were down by 7.0% QoQ and up 15.3% YoY.
• The net profit increased 70.1% QoQ and increased 3.2% YoY.
• The earnings per share (EPS) of General Insurance Corporation of India stood at 16.9 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

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) operates as a reinsurance company. It is the largest reinsurance company in India and is wholly owned by the Government of India. The company provides a broad range of reinsurance solutions, including property, motor, health, agriculture, and marine reinsurance, among others. GIC Re plays a significant role in the Indian insurance market, providing reinsurance support to all the general insurance companies in India. The company is also expanding its presence globally, having international operations in various countries. As of the latest available data, there are no specific recent major developments to report.

Revenue

For the quarter Q2FY27, General Insurance Corporation of India reported a total income of ₹15,124.51 crores. This represents an increase of 3.8% from the previous quarter (Q1FY27), where the total income was ₹14,572.17 crores. Compared to the same quarter in the previous year (Q2FY26), where the total income stood at ₹13,308.18 crores, there is a year-over-year increase of 13.6%. This consistent growth in total income highlights the company’s ability to enhance its revenue streams over the comparable periods.

Profitability

In terms of profitability, General Insurance Corporation of India achieved a Profit Before Tax (PBT) of ₹3,757.17 crores in Q2FY27. This marks a substantial quarter-over-quarter increase of 59.7% from ₹2,352.35 crores in Q1FY27. Year-over-year, the PBT grew by 6.3% from ₹3,533.39 crores in Q2FY26. The Profit After Tax (PAT) for Q2FY27 was ₹2,965.69 crores, reflecting a significant quarter-over-quarter increase of 70.1% from ₹1,743.67 crores in Q1FY27 and a year-over-year increase of 3.2% from ₹2,873.54 crores in Q2FY26. The Earnings Per Share (EPS) also followed a similar trend, increasing by 70.0% QoQ to ₹16.90 from ₹9.94 in the previous quarter and by 3.2% YoY from ₹16.38 in Q2FY26.

Operating Metrics

Total expenses for Q2FY27 amounted to ₹11,387.50 crores, showing a decrease of 7.0% from ₹12,247.15 crores in Q1FY27. When compared to Q2FY26, where total expenses were ₹9,878.46 crores, there is a year-over-year increase of 15.3%. The tax paid in Q2FY27 was ₹653.35 crores, which is a 14.5% increase from the ₹570.84 crores paid in Q1FY27, and a 5.9% increase from ₹617.09 crores in Q2FY26. These figures reflect the company’s effective cost management and tax strategies over the quarters.