General Insurance Corporation Of India · NSE:GICRE
General Insurance Corporation Of India — Q1 FY2026 Earnings Presentation
33 slides from General Insurance Corporation Of India's earnings presentation, Aug 7, 2025
Slide 1: Exchange cover letter for Investor Presentation
Ref. No.: GIC-HO/BOARD/Q1-IMP/154/2025-26 Date: 7th August 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 Kurla Co
Slide 2: Investor Presentation
Investor Presentation भारतीय साधारण बीमा निगम General Insurance Corporation of India August 2025
Slide 3: Agenda
01 Reinsurance Industry Overview 02 Company Overview Agenda 03 Key Financials 04 Empowering Growth: Strategic Vision, Resilient Actions 05 Annexure 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by General Insurance Corporation of India (the “Company”) for general information purposes only, giving a general background of the Company’s activities as on the date of the presentation. The information is provided in summary form and does not claim to be com
Slide 5: Reinsurance Industry Overview
Reinsurance Industry Overview `
Slide 6: Understanding How Reinsurance Works
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 portfolio
Slide 7: Reinsurance Industry - Strengthening the Insurance Ecosystem
Reinsurance Industry - Strengthening the Insurance Ecosystem Reinsurance Industry Plays a Pivotal Role in Driving the Growth of Insurance Industry Reinsurance support aims at Providing insurers capacity to write more insurance Insurance is written business on the strength of reinsurance support Rein
Slide 8: Insurance Industry Overview – Global Scenario
Insurance Industry Overview – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 8.9% 7.9% 7.3% 6.8% 5.6% 4.8% 4.6% 3.1% 3.4% 2.7% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America World CAGR 2021-31 Life CAGR 2021-31 P&C Global Reinsurance Sector – K
Slide 9: Insurance Industry – Indian Scenario (1/2)
Insurance Industry – Indian Scenario (1/2) 25% of Global Favorable Cash before 4th largest average demographics cover Non-Life mkt in Asia and 15th Non-Life insurance penetration in Under penetration, growth India was appx 25% of Global opportunities favourable Operates under a “Cash largest globall
Slide 10: Insurance Industry – Indian Scenario (2/2)
Insurance Industry – Indian Scenario (2/2) Gwp figures for 22-23 and 23-24 to replace India's Insurance Industry: Positioned for Sustained Growth Significant Insurance under-penetration in India General Insurance GWP grew at 13% since FY21 Retention Ratio of General Insurance Industry Insurance Pene
Slide 11: 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 1 Indian Reinsurer registered with the ▶ Insurance Law (Amendment) Act, 2015 allowed ▶ Insurers with no physical presence in
Slide 12: Company Overview
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Slide 13: 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 superintending, controlling, and carrying on the business of General Insurance in India by providing reinsurance support to Insurance companies La
Slide 14: GIC Re – Segment Mix and Business Mix
GIC Re – Segment Mix and Business Mix International and Domestic Business Composition Gross Premium – Geographic Mix Combined Ratio 112% 109% 112% 109% 107% 127% 138% 126% 121% 119% 31% 31% 25% 19% 103% 106% 104% 104% 35% 95% 69% 69% 75% 81% 65% FY21-22 FY22-23 FY23-24 FY24-25 Q1 FY25-26 FY21-22 FY2
Slide 15: GIC Re – Product Mix
GIC Re – Product Mix Product Mix - Gross c Premium 17% 16% 15% 29% 34% 33% 4% 4% 5% FY24 FY25 Q1 FY26 15% 15% 19% 8% 17% 10% 15% 23% 20% FIRE AGRICULTURE REINSURANCE HEALTH MOTOR Life Misc 14 Source – Company Data Note – Above Data on Standalone basis
Slide 16: GIC Re – Global Presence
GIC Re – Global Presence GIC Re – Worldwide Presence GIC Perestrakhovanie, LLC, Moscow, 2020 GIC Re London, 2008 GIC Re Dubai, 2007- now in run-off GIC Re GIC Re Malaysia, 2010 Mumbai GIC Re South Africa, 2014 Indicates GIC Re presence 15
Slide 17: GIC Re – Robust investments and its returns
GIC Re – Robust investments and its returns Portfolio Breakup- cAs on 30.06.2025 By Book Value ▶ Portfolio mix – Well diversified with steady and Rs. 81,628 Cr Rs. 1,10,026 Cr regular income flow. 100% 74.19% Rs. 18,652 Cr Rs. 9,542 Cr ▶ Credit quality (Debt instruments) – As on 16.96% Rs. 204 Cr 30
Slide 18: GIC Re – Key pillars of Strengths
GIC Re – Key pillars of Strengths ▶ Significant ownership by the Government of India ▶ ~51% market share in the Indian reinsurance market ▶ Healthy investment income ▶ Reinsures every non-life insurance player in India ▶ Diversified investment portfolio Only Indian ▶ Support to 59 Direct General and
Slide 19: Key Financials
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Slide 20: Key Financials on Standalone Basis (1/2)
GIC Re - Key Financials on Standalone Basis (1/2) Gross Premium (INR Cr) Net Premium (INR Cr) 43,208 41,154 36,592 37,182 38,799 37,844 33,644 33,956 12,388 11,636 FY21-22 FY22-23 FY23-24 FY24-25 Q1 FY25-26 FY21-22 FY22-23 FY23-24 FY24-25 Q1 FY25-26 Incurred Claims Ratio Profit After Tax (INR Cr) 93
Slide 21: Key Financials on Standalone Basis (2/2)
GIC Re - Key Financials on Standalone Basis (2/2) Net Worth Excl. FVC (INR Cr) Net Worth Incl. FVC (INR Cr) Policyholders’ Funds (INR Cr) 45,275 89,513 93,567 43,107 83,224 91,809 81,330 37,582 32,356 63,750 85,915 55,658 24,440 81,810 79,167 FY21-22 FY22-23 FY23-24 FY24-25 Q1 FY25-26 FY21-22 FY22-2
Slide 22: Empowering Growth: Strategic Vision, Resilient Actions
Empowering Growth: Strategic Vision, Resilient Actions `
Slide 23: Strategic Approach and Way Forward (1/2)
GIC Re – Strategic Approach and Way Forward (1/2) ▶ Leverage its position of 10th rank (Globally) based on the scale it affords and excellent credit ratings Leveraging its scale from AM Best and domestically from CARE Capitalizing International ▶ Holds strong brand equity especially in in Afro-Asian
Slide 24: Strategic Approach and Way Forward (2/2)
GIC Re – Strategic Approach and Way Forward (2/2) Adoption of Modelling ▶ Phased adoption of modelling capabilities to ensure better exposure management and deriving value Capabilities extraction from it Continued Focus on underwriting profitability through: Focus on Underwriting – Class-specific ev
Slide 25: Sustainability at the Core: Leading with Green Practices
Sustainability at the Core: Leading with Green Practices Environment friendly business Responsible consumption Protecting the environment practices ▶ Digitalization of operations to reduce use of ▶ Preference for providing capacities that ▶ Adopting green measures for paper – workflow management aid
Slide 26: Championing Social Responsibility
Championing Social Responsibility Maharashtra Village Social Samarthanam Trust - Mahesh Foundation - Transformation Foundation FY2023-24 FY2024-25 (MVSTF) - FY2023-24 ▶ GIC Re has taken up the project Mission ▶ GIC Re has collaborated with the ▶ GIC Re collaborated with Mahesh Foundation for Constru
Slide 27: Robust Governance Framework
Robust Governance Framework Robust structure Optimum use of ED’s, NED & Management and board committees cross functional teams Code of conduct Conducting business with Zero tolerance approach All SOP’s and policies highest standards of Data & towards Fraud are reviewed annually compliance and ethics
Slide 28: GIC Re – Stock Price Performance
GIC Re – Stock Price Performance Stock Price Performance – GIC Re vs Nity 50 Particulars 01-04-25 30-06-25 High Low GIC RE (INR) 414.35 385.15 453.80 368.05 Nifty 23,165.7 25,517.05 25,669.35 21,743.65 GIC Re – Shareholding Stock Price Performance Overview 2.13% Particulars GIC Re Nifty 50 Source –
Slide 29: GIC Re – New initiatives
GIC Re – New initiatives GIC Re – New initiatives HR digital transformation – project Parivartan Upgrading of software's – moving to SAP S4HANA EGRC software for ERM Ind AS implementation in full swing Workflow management moving towards paperless office Offering parametric ART covers – GIC Re’s Emer
Slide 30: Annexure
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Slide 31: Key Financials on Standalone Basis
GIC Re – Key Financials on Standalone Basis Particulars (INR Cr) FY19-20 FY20-21 FY21-22 FY22-23 FY23-24 FY24-25 Q1 FY25-26 Gross Premium 51,030 47,014 43,208 36,592 37,182 41,154 12,388 Net Premium 46,655 42,198 38,799 33,644 33,956 37,844 11,636 Earned Premium 44,145 39,866 39,293 35,808 33,576 36
Slide 32: 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 33: Thank You
Thank You © sarerceTet < PRT GIC Re
General Insurance Corporation of India — Q1 FY2026 Earnings Presentation on 6ix