General Insurance Corporation of India Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Insurance | Market Cap: ₹63.1K Cr
Expect mid- to high-teens growth in premiums over the next few years as market conditions improve. The company expects top-line growth of 8-10% for FY 2026, targeting INR 40,000-41,000 crores in premiums, with well-diversified growth across fire, health, motor, and agriculture sectors.
From General Insurance Corporation of India's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹356
Market Cap
₹63.1K Cr
P/E Ratio
6.5
How does General Insurance Corporation of India rank in Insurance?
Compare General Insurance Corporation of India against every Insurance company this quarter on revenue, margins and earnings-call signals.
General Insurance Corporation of India — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹13.0K Cr, net profit ₹2.5K Cr.
Full financials →📊 Revenue & Sales Performance
- →Expect mid- to high-teens growth in premiums over the next few years as market conditions improve. (Page 13)
- →FY '25 target: 8%-10% growth, aiming for INR 40,000-41,000 crores premium, currently on track with over INR 30,000 crores achieved by Dec 2024 and expecting INR 10,000 crores more in the next quarter. (Page 5)
- →Broad-based growth expected across sectors like Fire, Health, Motor, and Agriculture, with a particular focus on expanding Health insurance. (Page 5)
- →International business expected to grow with increased premiums post rating upgrade, expecting higher premiums in FY '25 and '26. (Page 8 & 7)
- →Continued diversification and prudent underwriting to sustain profitable growth, especially in domestic business. (Page 10)
- →Potential for double-digit growth if market opportunities arise, following years of degrowth and internal improvements. (Page 13)
📈 Profitability & Margins
- →The company expects top-line growth of 8-10% for FY 2026, targeting INR 40,000-41,000 crores in premiums, with well-diversified growth across fire, health, motor, and agriculture sectors. (Page 5)
- →Long-term, management aims for mid-teens growth in premiums, reflecting market confidence and ongoing portfolio adjustments post years of degrowth. (Page 13)
- →Profitability is expected to improve with better combined ratios. The obligation business is expected to breakeven, while non-obligatory segments should be more profitable. (Page 24)
- →The combined ratio target is to reduce from 112% toward below 110% in FY 2025 and gradually to around 105% over 2-3 years, indicating improved underwriting profitability. (Page 15)
- →Earnings growth may be supported by increased international business due to rating upgrades, though international premiums currently make up 23% of total and may grow moderately. (Pages 8, 12)
- →Management is optimistic about sustaining momentum driven by disciplined underwriting, risk diversification, and increased focus on emerging areas like cyber risk. (Page 4)
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →As of 31/12/2024, GIC's premium stood at over INR 30,000 crores for the 9 months.
- →The company expects to add approximately INR 10,000 crores in the next quarter to meet FY '25 targets.
- →For the international business, after the January 1 renewals, GIC wrote about $80 million (INR 650 crores) more than last year.
- →Some additional renewals for April 1 and July 1 are still pending and under review.
- →GIC actively participates in facultative business throughout the year and expects this to increase due to better credit ratings.
- →The company is just beginning work on the April 1 renewal and expects a more diversified book in FY '26.
- →Overall, GIC anticipates growth in both domestic and international orders with pending renewals offering additional opportunities.
Key Metrics
Frequently Asked Questions
What were General Insurance Corporation of India Q3 FY25 results?
Expect mid- to high-teens growth in premiums over the next few years as market conditions improve. The company expects top-line growth of 8-10% for FY 2026, targeting INR 40,000-41,000 crores in premiums, with well-diversified growth across fire, health, motor, and agriculture sectors.
What is General Insurance Corporation of India share price analysis?
General Insurance Corporation of India currently shows a neutral. The stock trades at a P/E of 6.5 with a market cap of ₹63,097 Cr. Investors should review the full earnings analysis for detailed insights.
Is General Insurance Corporation of India planning capital expenditure?
The company is ramping up its employee force by recruiting an additional 110 people, following an earlier addition of 70 employees, to replace retirees and support growth (Page 17).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.