{"id":3246,"date":"2025-11-13T10:00:55","date_gmt":"2025-11-13T11:00:55","guid":{"rendered":"http:\/\/xinetica.com\/?p=3246"},"modified":"2025-11-13T14:29:13","modified_gmt":"2025-11-13T14:29:13","slug":"gic-re-reports-improved-cor-for-hy25-as-underwriting-loss-narrows","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2025\/11\/13\/gic-re-reports-improved-cor-for-hy25-as-underwriting-loss-narrows\/","title":{"rendered":"GIC Re reports improved CoR for HY\u201925 as underwriting loss narrows"},"content":{"rendered":"<p>General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported that its combined ratio improved by 3.93% to 107.71% for the half year ending on September 30th, 2025 (HY&#8217;25), compared to 111.64% for HY&#8217;24.<\/p>\n<p><img loading=\"lazy\" class=\"alignright wp-image-48370 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"GIC Re\" width=\"340\" height=\"193\" data-src=\"http:\/\/xinetica.com\/wp-content\/uploads\/2025\/11\/GIC-Re-2.png\">This improvement was driven by a reduction of 45.50% in underwriting loss to \u20b91,295.47 crore for HY&#8217;25 as compared to \u20b92,376.95 crore for HY&#8217;24, supported by the rise in gross premium income to \u20b921,989.71 crore as compared to \u20b920,819.16 crore for HY&#8217;24.<\/p>\n<p>For the third quarter of 2025, gross premium income is \u20b99,601.70 crore compared to \u20b98,413.49 crore last year. Net premium income for HY&#8217;25 is \u20b920,299.32 crore compared to \u20b919.142.27 crore last year. The same for Q3&#8217;25 stands at \u20b98.663.43 crore, compared to \u20b97,603.76 crore.<\/p>\n<p>Meanwhile, the incurred claims ratio for the reinsurer dipped to 86.45% compared to 91.6% in HY&#8217;24, and gross investment income is \u20b96,986.77 crore, compared to \u20b96,166.41 crore for HY&#8217;24.<\/p>\n<p>GIC Re&#8217;s profit before tax (PBT) increased by 55.58 % to \u20b95,716.30 crore for the half year 2025 as compared to \u20b93,674.29 crore for HY&#8217;24.<\/p>\n<div class=\"reins-in-every-article\" id=\"reins-2593121307\">\n<div style=\"margin-bottom: 15px\" class=\"alignnone size-full reins-target\" id=\"reins-2673140725\" data-reins-trackid=\"107022\" data-reins-trackbid=\"1\"><a data-no-instant=\"1\" href=\"https:\/\/www.britinsurance.com\/brit-group\/brit-re?utm_source=eqdisplay&#038;utm_medium=display&#038;utm_campaign=Reinsurance_news&#038;utm_content=BritRe_728x90\" rel=\"noopener nofollow\" class=\"a2t-link\" target=\"_blank\" aria-label=\"Brit Re - Experienced underwriting backed by strong capital\"><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Brit Re - Experienced underwriting backed by strong capital\" width=\"728\" height=\"90\" class=\"lazyload\" data-src=\"http:\/\/xinetica.com\/wp-content\/uploads\/2025\/09\/brit-re-in-article-728x90-1.jpg\"><\/a><\/div>\n<\/div>\n<p>While profit after tax (PAT) increased by 59.43% to \u20b94,619.02 crore for HY&#8217;25, compared to \u20b92,897.12 crore for HY&#8217;24.<\/p>\n<p>The reinsurer noted, &#8220;We have started the practice of providing for Catastrophic Reserve on a Quarterly basis and not annually as done previously. If this were not done, PBT and PAT figures would be higher by \u20b9361.77 crores.&#8221;<\/p>\n<p>Lastly, the solvency ratio is 3.85 as on September 30th, 2025, as compared to 3.42 as on the same day last year, and total assets rose a modest 1.91% to \u20b91,98,612.62 crore, compared to \u20b91,94,881.75 crore as on September 30th, 2024.<\/p>\n<p>The post <a href=\"https:\/\/www.reinsurancene.ws\/gic-re-reports-improved-cor-for-hy25-as-underwriting-loss-narrows\/\">GIC Re reports improved CoR for HY&#8217;25 as underwriting loss narrows<\/a> appeared first on <a href=\"https:\/\/www.reinsurancene.ws\">ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported that its combined ratio improved by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3246"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3246"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3246\/revisions"}],"predecessor-version":[{"id":3250,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3246\/revisions\/3250"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/3248"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3246"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}