Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Year Ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results and Dividend Recommendation

Audit Opinion:

Unmodified (clean) opinion issued by joint statutory auditors M/s. SHBA & Co LLP and M/s. SARA & Associates

Key Financial Highlights [Amount in ₹ Lakhs]:

Standalone Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations (Premium Earned Net): ₹9,78,506 (Q4 FY25: ₹8,68,015 | +12.7% YoY)
  • Total Income: ₹12,16,012 (Q4 FY25: ₹11,36,427 | +7.0% YoY)
  • Net Profit: ₹2,37,833 (Q4 FY25: ₹2,36,387 | +0.6% YoY)
  • EPS: ₹12.85 (Q4 FY25: ₹12.44)

Year Ended March 31, 2026:

  • Revenue from Operations (Premium Earned Net): ₹39,37,835 (FY25: ₹36,13,026 | +9.0% YoY)
  • Total Income: ₹48,90,062 (FY25: ₹44,98,782 | +8.7% YoY)
  • Net Profit: ₹9,00,049 (FY25: ₹6,97,396 | +29.0% YoY)
  • EPS: ₹47.84 (FY25: ₹38.20)
  • Cash and Cash Equivalents: ₹7,01,206 (FY25: ₹7,07,344 | -0.9% YoY)
  • Debt: Not Specified

Consolidated Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations (Premium Earned Net): ₹9,91,356 (Q4 FY25: ₹9,25,002 | +7.2% YoY)
  • Total Income: ₹12,30,926 (Q4 FY25: ₹11,94,251 | +3.1% YoY)
  • Net Profit (Attributable to Corporation): ₹2,53,259 (Q4 FY25: ₹2,49,886 | +1.4% YoY)
  • EPS: ₹14.44 (Q4 FY25: ₹14.24)

Year Ended March 31, 2026:

  • Revenue from Operations (Premium Earned Net): ₹39,74,331 (FY25: ₹36,71,183 | +8.3% YoY)
  • Total Income: ₹49,32,353 (FY25: ₹45,58,902 | +8.2% YoY)
  • Net Profit (Attributable to Corporation): ₹9,66,238 (FY25: ₹7,43,184 | +30.0% YoY)
  • EPS: ₹55.08 (FY25: ₹42.36)
  • Cash and Cash Equivalents: ₹7,70,971 (FY25: ₹7,71,659 | -0.1% YoY)
  • Debt: Not Specified

Segment-wise Performance [Amount in ₹ Lakhs]:

Standalone Segment Operating Profit/(Loss) for Year Ended March 31, 2026:

  • Fire: ₹3,51,264 (FY25: ₹2,10,675 | +66.7% YoY)
  • Miscellaneous: ₹3,39,554 (FY25: ₹3,87,272 | -12.3% YoY)
  • Marine: ₹48,428 (FY25: ₹-3,542 | Significant improvement)
  • Life: ₹-92,127 (FY25: ₹-54,250 | -69.8% YoY)

Consolidated Segment Operating Profit/(Loss) for Year Ended March 31, 2026:

  • Fire: ₹3,92,056 (FY25: ₹2,25,016 | +74.2% YoY)
  • Miscellaneous: ₹3,39,554 (FY25: ₹3,87,272 | -12.3% YoY)
  • Marine: ₹48,428 (FY25: ₹-3,542 | Significant improvement)
  • Life: ₹-54,250 (FY25: ₹-58,170 | +6.7% YoY)

Corporate Actions:

  • Dividend: Recommended final dividend of ₹13.25 per fully paid-up equity share of ₹5 each (265%) for FY 2025-26
  • Record Date: Friday, September 4, 2026 for determining eligibility for dividend payment
  • Dividend Payment: To be paid within 30 days from declaration at the 54th AGM
  • Previous Dividend: Paid final dividend of ₹10 per share for FY 2024-25

Other Significant Information:

  • Dubai Branch Status: In run-off operations since July 2021, portfolio transfer agreement with GIFT City branch
  • Catastrophe Reserve: Appropriation of 10% of Operating Profit from revenue accounts with overall cap of ₹500,000 lakhs
  • Labour Code Impact: Recognized ₹29 lakhs incremental obligation for Fixed Term Employees under new labour codes
  • Asset Accounting Rectification: Reversed excess depreciation of ₹728 lakhs from previous years in Building category
  • Life-Re Business Provisions: Increased by ₹702 crores due to adverse mortality experience and assumption changes
  • Credit Rating: AM Best affirmed 'A- (Excellent)' rating with 'Stable' outlook for both FY25 and FY26
  • Subsidiaries/Associates: Includes GIC RE South Africa Limited, GIC RE India Corporate Member Limited, GIC Perestrakhovanie LLC, Agriculture Insurance Company of India Limited, Bhutan Reinsurance Company Limited, and India International Insurance Pte Ltd

Entities Included in Consolidation:

  • Three foreign branches (including one run-off branch in Dubai)
  • One domestic branch
  • Three subsidiaries
  • Three associates

Exceptional Items/One-time Adjustments:

  • Reversal of excess depreciation: ₹728 lakhs
  • Labour code implementation impact: ₹29 lakhs
  • Foreign exchange gain: ₹46,730 lakhs (Standalone) and ₹45,341 lakhs (Consolidated)

Analytical Ratios (Standalone FY26):

  • Solvency Ratio: 4.21 (FY25: 3.70)
  • Expenses of Management Ratio: 0.97 (FY25: 0.89)
  • Incurred Claim Ratio: 85.40 (FY25: 88.44)
  • Net Retention Ratio: 92.19 (FY25: 91.96)
  • Combined Ratio: 106.02 (FY25: 108.81)
  • Adjusted Combined Ratio: 84.79 (FY25: 85.79)
  • NPA Ratio: 0.97% (FY25: 1.13%)