General Insurance Corporation of India: Transcript financial results for the quarter and year ended 31st March 2025

  • General Insurance Corporation of India:  Transcript financial results for the quarter and year ended 31st March 2025
  • Domestic premium for the year FY '25 is Rs. 30,662.44 crores and the international age Rs. 10,491.51 crores. 
    • The percentage split is domestic 75% and international 25%. 
    • The domestic premium for the year grew by 18.8%, while international business witnessed decline of 7.8% over previous year 
  • Obligatory business would constitute say something like 30% of book
  • Growth in the international business? 
    • Going forward, impetus is that look forward to the new markets where have been moved out, or because of rating downgrade in the year '20, not able to renew some of the accounts 
    • Now trying to look into those territories where can reenter them and to bring about or to renew those accounts, or to gain those accounts which are lost. 
    • Also looking into the accounts where have better opportunity or better control to increase line. 
    • Want to increase foreign business going forward.
  • The breakup is, for the full year investment income stands at Rs. 11,204 crores. 
    • The income excluding profit, that is interest, dividend stands at Rs. 7,096 crores., which is a 10% increase from the previous year of Rs. 6,430 crores, profit on sale is Rs. 4,108 crores as again Rs. 4,135 crores. 
    • Despite the challenging market conditions, we have been able to maintain this profit on sale of securities
  • The loss ratio for the domestic portfolio annually is at 85.3%. And for foreign business it is 96.5%
  • For FY '25, the combined ratio stood at 108.8%
    • Combined ratio has actually come down in comparison to the March '23
    • If you look at March '24, it was something 108% and now that has come down, incurred claims ratio has come down to 100% this year

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