General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth quarter.
The combined ratio for Q4’25 deteriorated to 103.56%, compared to 89.26% in Q4’24.
Net profit declined by 17.4% year-on-year (YoY) to ₹2,182.89 crore for Q4 of FY’25, down from ₹2,642.48 crore last year.
The quarter’s gross premium written improved by 18.9% to ₹10,367.08 crore for the fourth quarter of 2025 compared to ₹8,723.65 crore in Q4 of FY’24, while net premium written grew 19.2% to ₹9,420.91 crore.
GIC Re posted an improved total income of ₹11,364.27 crore for the quarter compared to ₹9,221.82 crore in Q4 FY’24.
The net commission expense increased 28.1% year on year to ₹1,910.23 crore, with a claims ratio increase to 82.19% from 68.93% in Q4 F’Y24.
Meanwhile, investment income for the quarter rose nearly 32% year on year to ₹2,650.24 crore. GIC Re’s solvency ratio improved to 370% as of March 31st, 2025, up from 325% in the same quarter last year.
It was also reported that GIC Re transferred ₹597.95 crore to the Catastrophe (CAT) Reserve during the quarter, compared to ₹587.50 crore in the previous fiscal year.
The post GIC Re reports underwriting loss of ₹392.3 crore for Q4 appeared first on ReinsuranceNe.ws.
