On Monday, the GIC Re insurance company reported a 17% decline in net profit to ₹2,183 crore for the fourth quarter, ending March 2025. In the same period last year, the company generated a net profit of ₹2,642 crore. This quarter, GIC Re collected a gross premium of ₹10,367 crore, compared to ₹8,724 crore a year ago. Income from the reinsurer rose to ₹11,364 crore in the current quarter from ₹9,222 crore in the corresponding period of the previous year. For the fiscal year, GIC Re’s net profit rose by 3% to ₹6,701 crore, compared to ₹6,497 crore the year before. The company reported an underwriting loss of ₹392 crore, which remained unchanged from the same quarter last year. The industry, news source will write in simple ease
GIC Tumbles as Q4 Net Profit Plummets 17% to ₹2,183 Crores
