General Insurance Corporation Of India · NSE:GICRE
General Insurance Corporation Of India — Non-Deal Roadshow (December 2025)
30 slides from General Insurance Corporation Of India's roadshow presentation, Dec 1, 2025
Slide 1: Revised Investor Presentation filing letter to stock exchanges
Ref. No.: GIC-HO/BOARD/SE-IMP2-NDR/276/2025-26 Date: 1st December 2025 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Ltd. 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra K
Slide 2: Investor Update December 2025
Investor Update December 2025
Slide 3: Disclaimer
Disclaimer This presentation is issued by General Insurance Corporation of India (the “Company”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute any recommend
Slide 4: Roadshow Delegation: Ministry and Corporate Leaders
Roadshow Delegation: Ministry and Corporate Leaders The Delegation, Rich in Experience, Comprises Esteemed Representatives from the Ministry and the Company’s Top Leadership Mr. Anurish Chawala Dr. Alok Pandey Dr. Parshant Kumar Goyal Secretary, DIPAM Additional Secretary, DIPAM Joint Secretary, DFS
Slide 5: Reinsurance Industry Overview
Reinsurance Industry Overview 4
Slide 6: Reinsurance Industry – Global Scenario
Reinsurance Industry – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 6.8% 7.3% 5.6% 4.8% 4.6% 3.1% 2.7% 3.4% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America World Global Reinsurance Sector – Key Tren
Slide 7: Reinsurance Industry – Framework in India
Reinsurance Industry – Framework in India Framework of Reinsurers in India Indian Reinsurers (GIC Re) Foreign Reinsurance Branches (FRBs) Cross Border Reinsurers (CBRs) ✓ Only Indian Reinsurer registered with the ✓ Insurance Law (Amendment) Act, 2015 ✓ Insurers with no physical presence in India reg
Slide 8: Reinsurance Industry – Indian Scenario
Reinsurance Industry – Indian Scenario Under Penetrated Insurance Industry in India Poised to Grow in Future Significant Insurance under-penetration in India General Insurance GWP grew at 12%^ since FY22 Retention Ratio of General Insurance Industry Insurance Penetration (%) INR Cr Gross Written Pre
Slide 9: GIC Re - Overview, Strength and Strategies
GIC Re - Overview, Strength and Strategies
Slide 10: General Insurance Corporation of India (GIC Re) – Overview
General Insurance Corporation of India (GIC Re) – Overview General Insurance Corporation of India - GIC was formed under GIBNA of 1972 for the purpose of 1 superintending, controlling, and carrying on the business of General Insurance in India Largest Reinsurer in the domestic market in India. Inter
Slide 11: General Insurance Corporation of India (GIC Re) – Overview
General Insurance Corporation of India (GIC Re) – Overview Only Listed Rank 9th A-(Excellent) 108.1% FSR Credit Rating INR 41,955 Cr Reinsurance GWP Combined Ratio Largest Global aaa.IN(Exceptional) Company in India Reinsurers Group (FY25) NSR Credit Rating (FY25) Consistently improving AM Best 15.3
Slide 12: GIC Re – Experienced Board and Management
GIC Re – Experienced Board and Management Seasoned Professionals with Extensive Experience Eminent board of Mr. Manoj Ayyappan Mr. Tapan Kumar Mondal directors including Joint Secretary - DFS Deputy Secretary - DFS distinguished representative of the Government of India Experienced Ms. Vinita Kumari
Slide 13: GIC Re – Global Presence
GIC Re – Global Presence GIC Re – Worldwide Presence GIC Re London, 2008 Branch Office GIC Perestrakhovanie, LLC, GIC Re India Corporate Moscow, 2020 Member Ltd Subsidiary Office London, 2016 Subsidiary Office GIC Re Dubai, 2007- GIC Re GIC Re now in run-off Malaysia, 2010 Mumbai Branch GIC Re IFSC
Slide 14: GIC Re – Robust investments and its returns
GIC Re – Robust investments and its returns Portfolio Breakup - As on 30.09.2025 By Book Value • Portfolio mix – Well diversified with steady and regular income flow. 73.81% 16.79% 9.16% • Asset quality (Debt instruments) – As on 30.09.2025, 99.16% in high credit worthy Sovereign and AAA rated bonds
Slide 15: GIC Re – Key Strengths
GIC Re – Key Strengths Only Indian Reinsurance Player Efficient Asset Management • Significant GOI Ownership • Healthy investment income • ~51% market share in India • Diversified investment portfolio • Reinsures every non-life insurance player in India • Effective Asset Liability Management • Suppo
Slide 16: GIC Re – Segment Mix and Business Mix
GIC Re – Segment Mix and Business Mix International and Domestic Business Composition Domestic Business Mix Gross Premium – Geographic Mix Obligatory cessions is 4% with no monetary limits 31% 31% 25% 22% 22% 35% 60% 60% 57% 60% 60% 57% 69% 69% 75% 78% 78% 65% 40% 40% 43% 40% 40% 43% FY22 FY23 FY24
Slide 17: GIC Re – Product Mix
GIC Re – Product Mix Product Mix - Gross Premium 4% 13% 13% 3% 14% 3% 31% 34% 33% 4% 5% 5% FY24 8% FY25 H1FY26 10% 11% 15% 19% 15% 16% 21% 23% Fire Health Motor Agriculture Life Marine (Cargo + Hull) Others Calibrated Approach Towards Product Strategy and Underwriting Leading to Enhance Profitabilit
Slide 18: GIC Re - Key Financials on Standalone Basis (1/2)
GIC Re - Key Financials on Standalone Basis (1/2) Gross Premium INR Cr 47,014 43,208 41,154 36,592 37,182 20,819 21,990 FY21 FY22 FY23 FY24 FY25 H1FY25 H1FY26 Profit After Tax INR Cr ~3x Profit increase in last 3 years 6,497 6,701 6,313 4,619 2,897 1,920 2,006 FY21 FY22 FY23 FY24 FY25 H1FY25 H1FY26
Slide 19: GIC Re - Key Financials on Standalone Basis (2/2)
GIC Re - Key Financials on Standalone Basis (2/2) Net Worth Excl. FVC Net Worth Incl. FVC Policyholders’ Funds INR Cr INR Cr INR Cr 46,669 43,107 90,918 88,709 91,809 87,985 95,026 37,582 39,481 81,330 83,224 81,810 85,915 76,738 79,167 32,356 63,750 55,658 24,440 49,643 22,452 FY21 FY22 FY23 FY24 F
Slide 20: GIC Re – Wealth Creator for Shareholders
GIC Re – Wealth Creator for Shareholders GIC Re – Shareholding Stock Price Performance Overview 2.4% Particulars GIC Re Nifty 50 15.2% GOI Current Market Price (INR Cr) 380 26,068 Market Cap (INR Cr) 66,666 NA As of Institutional Holding Sep’2025 1M Performance (%) -2.1% 0.7% Others 6M Performance (
Slide 21: ESG | Sustainability at the Core: Leading with Green Practices
ESG | Sustainability at the Core: Leading with Green Practices GIC Re – Strong Commitments towards Environmental Goals Responsible Environment friendly Protecting the consumption business practices environment • Digitalization of operations • Preference for providing capacities that aid • Adopting g
Slide 22: ESG | Robust Governance Framework
ESG | Robust Governance Framework Robust Management and board Optimum use of ED’s, NED & structure committees cross functional teams Code of conduct Conducting business with Zero tolerance approach All SOP’s and policies highest standards of towards Fraud are reviewed annually compliance and ethics
Slide 23: ESG | Championing Social Responsibility
ESG | Championing Social Responsibility Ennoble Social Innovation Foundation - Making the Difference Charitable Trust - Tata ACTREC & Karuna Medical Society FY2024-25 FY2024-25 (Hospitals) - FY2024-25 • GIC Re has taken up the project with • GIC Re has collaborated with the NGO • GIC Re collaborated
Slide 24: GIC Re – Strategic Approach and Way Forward
GIC Re – Strategic Approach and Way Forward Leveraging its scale Adoption of Modelling Capabilities Capitalizing International Focus on Underwriting Brand Equity Profitability Increasing Focus on Catastrophe Reserves for International Market Climate Change Focus on maintaining and Growth in Indian M
Slide 25: GIC Re – Awards and Accolades
GIC Re – Awards and Accolades Former CMD Mr. Recognized as “Best Ramaswamy Narayanan, Recognized as “India’s Recognised as “One of Reinsurer of India” at honored as best CEO in Leading Reinsurance Dream companies to Work the 5th Emerging Asia Insurance category at Company” by Dun & For” by World HRD
Slide 26: Annexures
aaraerer <fersaty GIC Re Annexures anda wero sar Fer General Insurance Corporation of India
Slide 27: Reinsurance Industry Overview
Reinsurance Industry Overview Understanding How Reinsurance Works Motor Property Life/health Business Catastrophe Policyholder - Individual risk exposures Premium Benefits revenue expenses Direct Insurer - Preferably similar risks with independent loss events to obtain a balanced insurance Direct in
Slide 28: GIC Re – Key Financials on Standalone Basis
GIC Re – Key Financials on Standalone Basis Particulars (INR Cr) FY21 FY22 FY23 FY24 FY25 H1FY25 H1FY26 Gross Premium 47,014 43,208 36.592 37,182 41,154 20,819 21,990 Net Premium 42,198 38,799 33,644 33,956 37,844 19,142 20,299 Earned Premium 39,866 39,293 35,808 33,576 36,130 18,911 20,013 Incurred
Slide 29: Glossary
Glossary Ceding Company (Cedant) The company that transfers its risk to a reinsurer Combined Ratio The sum of the loss ratio and the expense ratio Earned Premiums The portion of the premium for which protection has been provided A form of reinsurance, which, subject to a specified limit, indemnifies
Slide 30: Thank You
aaraerer <fersaty GIC Re Thank You anda wero sar Fer General Insurance Corporation of India
General Insurance Corporation of India — Non-Deal Roadshow (December 2025) on 6ix