GIC Re, India's largest reinsurer with ~51% market share, posted strong H1FY26 consolidated performance.

Gross Written Premium hit INR 22,123 Cr, and Profit After Tax soared to INR 5,404 Cr, reflecting a ~3x profit increase over the last three years.

The Combined Ratio improved to 106.7%, and Solvency Ratio remains healthy at 385%, with an impressive ROE of 20.9%. The company's strategy focuses on disciplined underwriting and diversification to further improve profitability.

They are also actively managing exposure and emphasizing price adequacy.

GIC Re is leveraging India's under-penetrated insurance market, which is expected to grow significantly, with reinsurance premiums projected to reach INR 99,275 Cr by 2025-26. Increasing focus on international markets and capitalizing on its global brand equity are also key growth drivers.

Management is committed to maintaining healthy capitalization and strong credit ratings.