{"id":187516,"date":"2025-11-13T11:00:55","date_gmt":"2025-11-13T11:00:55","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=187516"},"modified":"2025-11-13T10:58:09","modified_gmt":"2025-11-13T10:58:09","slug":"gic-re-reports-improved-cor-for-hy25-as-underwriting-loss-narrows","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/gic-re-reports-improved-cor-for-hy25-as-underwriting-loss-narrows\/","title":{"rendered":"GIC Re reports improved CoR for HY&#8217;25 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\" decoding=\"async\" class=\"alignright wp-image-48370\" src=\"https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2019\/09\/GIC-Re-2.png\" alt=\"GIC Re\" width=\"340\" height=\"193\" srcset=\"https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2019\/09\/GIC-Re-2.png 966w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2019\/09\/GIC-Re-2-300x170.png 300w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2019\/09\/GIC-Re-2-768x436.png 768w\" sizes=\"auto, (max-width: 340px) 100vw, 340px\" \/>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><div class=\"reins-in-every-article\" id=\"reins-2372342880\"><div id=\"reins-831830875\" style=\"margin-bottom: 10px;\"><a data-no-instant=\"1\" href=\"https:\/\/www.artemis.bm\/dashboard\/cat-bond-ils-market-statistics\/\" rel=\"noopener\" class=\"a2t-link\" target=\"_blank\" aria-label=\"Artemis catastrophe bond market charts and visualisations\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner.jpg\" alt=\"Artemis catastrophe bond market charts and visualisations\"  srcset=\"https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner.jpg 1456w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner-300x37.jpg 300w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner-1024x127.jpg 1024w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner-768x95.jpg 768w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner-200x25.jpg 200w, https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2026\/02\/new-artemis-cat-bond-charts-dashboard-728x90-banner-100x12.jpg 100w\" sizes=\"(max-width: 1456px) 100vw, 1456px\" width=\"728\" height=\"90\"   \/><\/a><\/div><\/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","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 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. This improvement was driven by a reduction of 45.50% in underwriting loss to \u20b91,295.47 crore for HY&#8217;25 [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":48370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[132,597],"class_list":["post-187516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gic-re","tag-results"],"acf":[],"yoast_head":"<!-- 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