General Insurance Corporation of India's Q3 FY 2025-26 Quarterly Results
- 08 Feb 2026
Result Summary
- General Insurance Corporation of India reported a 4.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.6%.
- Its expenses for the quarter were up by 2.3% QoQ and 8.9% YoY.
- The net profit decreased 39.9% QoQ and increased 2.9% YoY.
- The earnings per share (EPS) of General Insurance Corporation of India stood at 9.84 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 12723.43 | 13308.18 | 11398.68 | -4.4% | 11.6% |
Total Expenses | 10106.05 | 9878.46 | 9282.28 | 2.3% | 8.9% |
Profit Before Tax | 2500.71 | 3533.39 | 2183.79 | -29.2% | 14.5% |
Tax | 608.94 | 617.09 | 560.35 | -1.3% | 8.7% |
Profit After Tax | 1725.66 | 2873.54 | 1676.62 | -39.9% | 2.9% |
Earnings Per Share | 9.84 | 16.38 | 9.56 | -39.9% | 2.9% |
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 reinsurance company primarily engaged in providing reinsurance support to the Indian insurance industry. Established in 1972, GIC Re has played a pivotal role in the development and sustainability of the insurance and reinsurance sectors in India. The corporation offers a variety of reinsurance products including property, motor, engineering, agriculture, marine, aviation, health, liability, credit, and financial reinsurance. As a state-owned enterprise, GIC Re operates under the guidelines of the Indian government and is headquartered in Mumbai. Recent developments regarding GIC Re would include its continuous efforts to expand its international footprint and adapt to regulatory changes, although specific recent events are not available in the current data set.
Revenue
For the third quarter of fiscal year 2026 (Q3FY26), General Insurance Corporation of India reported a total income of ₹12,723.43 crores. Compared to the previous quarter (Q2FY26), where the total income was ₹13,308.18 crores, there was a decrease of 4.4%. However, on a year-over-year basis, the total income increased by 11.6% from ₹11,398.68 crores in Q3FY25. This demonstrates a growth in revenue over the previous year despite a quarter-on-quarter decline. The fluctuations in revenue could be attributed to the dynamics of the insurance industry, which can be sensitive to macroeconomic factors and regulatory changes.
Profitability
In terms of profitability, General Insurance Corporation of India reported a profit before tax of ₹2,500.71 crores for Q3FY26. This represents a decrease of 29.2% from the previous quarter's profit before tax of ₹3,533.39 crores. However, compared to the same quarter in the previous year (Q3FY25), there was a year-over-year increase of 14.5% from ₹2,183.79 crores. The profit after tax for Q3FY26 was ₹1,725.66 crores, which is a significant decrease of 39.9% from the previous quarter's ₹2,873.54 crores but a slight increase of 2.9% from ₹1,676.62 crores in Q3FY25. The earnings per share (EPS) followed a similar pattern, decreasing to ₹9.84 in Q3FY26 from ₹16.38 in Q2FY26, but showing a slight increase from ₹9.56 in Q3FY25.
Operating Metrics
Total expenses for Q3FY26 were reported at ₹10,106.05 crores, marking an increase of 2.3% from the previous quarter's ₹9,878.46 crores. When compared to Q3FY25, total expenses rose by 8.9% from ₹9,282.28 crores. The tax expense for the quarter was ₹608.94 crores, which is slightly lower by 1.3% from the previous quarter but shows an increase of 8.7% from the same quarter in the prior year. The data reflects the operational cost dynamics and tax expenses over the periods evaluated. These metrics provide a snapshot of the operational efficiency and cost management strategies in place at GIC Re during the reviewed period.