General Insurance Corporation of India (GICRE) Q1 26/27 earnings summary

Executive summary

• Consolidated gross premiums written for Q1 FY27 were ₹13,54,151 lakhs, up from ₹12,41,716 lakhs in Q1 FY26 and ₹11,16,103 lakhs in Q4 FY26.

• Net profit after tax and share of associates for the quarter was ₹1,74,367 lakhs, compared to ₹2,53,259 lakhs in Q1 FY26 and ₹2,44,620 lakhs in Q4 FY26.

• The Board approved the results on August 13, 2026, after review by the Audit Committee and joint statutory auditors.

Financial highlights

• Net premium written for Q1 FY27 was ₹12,72,056 lakhs, up from ₹11,82,350 lakhs in Q1 FY26.

• Investment income (net) for the quarter was ₹2,18,693 lakhs, slightly down from ₹2,26,713 lakhs in Q1 FY26.

• Underwriting loss for the quarter was ₹(1,13,316) lakhs, compared to a loss of ₹(25,764) lakhs in Q1 FY26.

• Operating profit for the quarter was ₹1,12,961 lakhs, down from ₹1,74,023 lakhs in Q1 FY26.

• Final dividend of ₹10.00 per share declared.

Outlook and guidance

• Catastrophe Reserve continues to be built quarterly, with ₹16,058 lakhs appropriated in Q1 FY27.

• Severe flooding in Gujarat post-June 30, 2026, led to an IBNR provision of ₹44,000 lakhs.

• Transition to Ind AS deferred to April 1, 2027, with quarterly and monthly reporting to IRDAI during the forbearance period.