# GIC Q1 standalone profit jumps 10%, consolidated net drops 31%

2026-08-13T09:52:57+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

General Insurance Corporation of India (GIC) reported a 9.69% rise in standalone profit after tax to Rs 1,922 crore for the June quarter, up from Rs 1,752 crore a year ago. Gross premium income rose to Rs 13,475 crore from Rs 12,388 crore. However, consolidated profit fell 31% to Rs 1,621 crore, with NDTV Profit reporting a drop to Rs 1,744 crore. The company's total assets grew 5% to Rs 2.08 lakh crore. GIC's solvency ratio improved to 4.32x from 3.85x, indicating stronger ability to meet obligations. The combined ratio, a measure of underwriting profitability, fell to 104.88% from 106.94%, while the adjusted combined ratio edged up to 87.73%.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/gic-q1-results-2026-general-insurance-corporation-of-india-profit-jumps-10-yoy-to-1-922-crore-11786610670038.html>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/gic-q1-results-psu-reinsurers-net-profit-slips-31-to-rs-1-744-crore-even-as-premiums-rise-11904230>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/gic-q1-results-psu-reinsurers-net-profit-slips-31-to-rs-1-744-crore-even-as-premiums-rise-11904230#publisher=newsstand>

Tags: combined ratio, GIC Re, insurance, profit, Q1 results, reinsurance
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