General Insurance Corporation of India

“In foreign, we would expect a more pronounced growth than the domestic market.”

“There are soft cycle and taking a review mid-year this year as to whether our growth target needs to be relooked, needs to be revised based on our experience mid-year.”

“Our stand remains what we have earlier advised that in domestic market, despite the competitive pressure, our goal will be to maintain our market share.”

“At the same time, the pruning will continue, and our guidance on overall underwriting performance improvement remains.”

“I think when we are talking about 1% overall improvement in combined ratio or, say, domestic getting targeted at 103 combined ratio and foreign at 95 over a period of, say, something like next 2 to 3 years, that should give you some idea as to what will be the improvement in return on equity.”

“I agree with you that for us, life is a focus area and will continue to grow.”

“On foreign portfolio, our focus has been specific more because it has not produced desired results in the past. So we are looking at our portfolio class by class.”

“There is some amount of seasonality in foreign portfolio, and I would suggest that let us wait for further quarters to develop, to look at exactly how the portfolio is developing in terms of our expectation.”

“We have taken some hard decisions in motor. We are also streamlining our aviation portfolio. We are having a close look at our overseas cargo portfolio.”

“In other segment too, there are competitive pressure, but our focus has been in growing other than property segment in this particular year.”

“While abundant market capacity has resulted in increased competition across certain segments, particularly within property catastrophe reinsurance segment, underlying industry fundamentals remain supportive and continue to provide opportunities for profitable growth.”

“Given that the global capacity is ample and fairly surplus, the aggressive stance of the reinsurer is all around.”

“We believe that to the extent the players in the GIFT City will try to scale up their operations, their competitive behavior may continue.”

“As we begin FY27, the global reinsurance industry continues to demonstrate resilience supported by strong capitalization and sustained demand for risk transfer solutions.”

“Incurred claim ratio for the quarter was 85.04% as against 90.42% in the corresponding quarter of the previous year.”

“Combined ratio for the quarter stood at 104.88%, compared to 106.94% in the corresponding period last year.”

“Lower claims experience and an improved combined ratio contributed to a meaningful reduction in underwriting losses.”

“Solvency ratio improved to 4.32 as on June 30, 2026, as compared to 3.85 as on June 30, 2025.”

“73.4% is in the fixed income securities, sir. Around 17% in equity and around 8.67% or something in money market instruments.”

“INR120,000 and odd crores on book value basis.”

“Our rising solvency at 4.3 has to be seen in the context of the improving performance.”

“Maybe solvency will come down gradually. We do not want to grow at the cost of profitability.”

“For AICL, this has decreased by almost 60%. Decrease is there in their profit for this quarter.”

“If you want to know subsidiary company-wise, South Africa, we have shown INR287 crores loss during this quarter, and Moscow some INR29 crores loss from the subsidiary.”

“INR440 crores. That is the provision we have made in the Q1.”

“In terms of our experience, it has been our stance that whatever might be the market losses, our losses from cat events tend to be around 30% to 40%.”

“In motor, yes, there has been deterioration in domestic motor portfolio. It is largely from the treaties that we have written in the past.”

“Sir, IRDAI has issued a directive on July 22 as well in property segment where they have flagged the rates being quoted on the direct side.”

“Also, there are 2 major developments which are in the offing, the IFRS and the RBC.”

“But again, our goal will be 60/40, but as I said that domestic market outgrows the global market, so it will be a tough job.”

“Gross premium income for Q1 FY27 stood at INR13,475.36 crores compared to INR12,388.01 crores in the corresponding period of the previous year.”

“Investment income for the quarter stood at INR3,265.51 crores, vis-a-vis INR3,313.74 crores in the corresponding period last year.”

“Profit before tax stood at INR2,490.25 crores for quarter 1 FY27. Profit after tax was INR1,922.04 crores for the quarter.”

“We are very much focused on return on equity and shareholder value creation. All these targets will be directional but not driving our decision making.”

“I think our net worth has only increased. We will recheck the figures.”