New Delhi, February 7 GIC Re announced on Saturday a 6 per cent drop in net profit to Rs 1,519 crore for the third quarter ended December 2025.
The state-owned reinsurance company earned a net profit of Rs 1,621 crore in the October-December period of the previous fiscal year.
The reinsurance company's total income rose to Rs 11,557 crore in the quarter, compared to Rs 10,479 crore in the same quarter a year ago, GIC Re said in a regulatory filing.
Gross premium improved to Rs 10,987 crore during the third quarter of the current fiscal against Rs 9,968 crore a year ago.
During the quarter, the earned premium rose to Rs 9,580 crore, as against Rs 8,540 crore in the same period a year ago.
The solvency ratio increased to 3.87 from 3.52 at the end of December 2024.
The company's total assets rose to Rs 2,03,414 crore, compared to Rs 1,88,953 crore in the same period of the previous year.
GIC Re is the largest reinsurer in the domestic reinsurance market and leads most of the domestic companies' treaty programs and facultative placements.
