The board of directors of General Insurance Corporation of India (GIC Re) approved the company’s audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during a meeting held on Tuesday.
The board also recommended a final dividend of ₹13.25 per equity share for FY2025-26, subject to shareholder approval at the upcoming 54th annual general meeting (AGM).
According to the filing submitted to the Bombay Stock Exchange and the National Stock Exchange of India, the proposed dividend represents 265% on the face value of ₹5 per share and would be paid within 30 days of declaration at the AGM. The board also approved Sept. 4, 2026, as the record date for determining eligible shareholders for the dividend payment.
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The company reported standalone gross premiums written of ₹44,00,674 lakh for FY2025-26, up from ₹41,15,395 lakh a year earlier. Net premiums written rose to ₹40,57,125 lakh from ₹37,84,421 lakh, while profit after tax increased to ₹8,39,218 lakh compared with ₹6,70,136 lakh in FY2024-25.
Investment income declined slightly year over year to ₹8,61,297 lakh from ₹8,71,396 lakh, while underwriting losses narrowed to ₹2,67,231 lakh from ₹3,49,521 lakh. The corporation’s solvency ratio improved to 4.21 from 3.70 a year earlier.
Joint statutory auditors S H B A & Co LLP and S A R A & Associates issued audit reports with unmodified opinions on the standalone and consolidated financial statements. The auditors said the financial results presented a “true and fair view” in accordance with Indian accounting standards, SEBI regulations, and Insurance Regulatory and Development Authority of India requirements.
The filing also highlighted several operational developments discussed in the board materials. GIC Re said its Dubai branch continues to operate in run-off mode, with business previously underwritten there now handled by its GIFT City branch in India. The company stated that applications related to portfolio transfer and deregistration of the Dubai branch remain under review by UAE regulators.
The corporation also disclosed that it has continued building a catastrophe reserve to address future claims volatility, allocating ₹73,924 lakh in FY2025-26 compared with ₹59,795 lakh in the prior year.
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