General Insurance Corporation of India reports strong profit growth amid premium gains and underwriting loss reduction

General Insurance Corporation of India reports strong profit growth amid premium gains and underwriting loss reduction

General Insurance Corporation of India (GIC Re) has reported a significant financial upswing for the first half of 2024, with profit after tax reaching ₹2,897.12 crore, a 24% rise over the same period last year. The Mumbai-based reinsurance giant attributes this increase to a robust 5.8% growth in gross premium income, which amounted to ₹20,819.16 […]

GIC Re reports Rs 12,405.68cr gross premium income for Q1 FY25

GIC Re reports Rs 12,405.68cr gross premium income for Q1 FY25

General Insurance Corporation of India (GIC Re), India’s largest reinsurer, has unveiled strong financial results for Q1 FY25, ending 30th June 2024. The announcement was made at the company’s Board Meeting in Mumbai, showcasing significant improvements in several key financial metrics. Key Financial Highlights GIC Re’s gross premium income surged to ₹12,405.68 crore for Q1 […]