GIC Re announces Financial Performance for the Half year ended Sep 30
GIC Re announced financial performance for the Half year ended 30.09.2024 at the Board Meeting of company held in Mumbai today
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Mumbai, Nov 13: GIC Re announced financial performance for the Half year ended 30.09.2024 at the Board Meeting of company held in Mumbai today.
Gross Premium Income of the company was ₹ 20,819.16 crore for the half year ended 30.09.2024 as compared to ₹ 19,679.85 crore for the half year ended 30.09.2023.
Underwriting Loss is ₹ 2,376.95 crore for the Half year ended 30.09.2024 as compared to ₹ 3,029.04 crore for the half year ended 30.09.2023.
Investment Income is ₹ 6,242.32 crore for the half year ended 30.09.2024 as compared to ₹ 5,825.38 crore for the half year ended 30.09.2023.
Solvency Ratio is 3.42 as on 30.09.2024 as compared to 2.82 as on 30.09.2023.
The company recorded Profit Before Tax of ₹ 3,674.29 crore for the half year ended 30.09.2024 as compared to Profit Before Tax of ₹ 2,782.78 crore for the half year ended 30.09.2023.
Profit After Tax for the half year ended 30.09.2024 recorded as ₹ 2,897.12 crore as compared to Profit After Tax of ₹ 2,336.87 crore for the half year ended 30.09.2023.
Total Assets are ₹ 1,94,881.75 crore as on 30.09.2024 as compared to ₹ 1,67,640.89 crore as on 30.09.2023.
Net Worth of the company (without fair value change account) recorded at ₹ 39,481.33 crore on 30.09.2024 as against ₹ 33,266.61 crore as on 30.09.2023.
Net Worth of the company (including fair value change account) recorded as ₹ 90,917.70 crore on 30.09.2024 as against ₹ 71,376.53 crore as on 30.09.2023.
Combined Ratio is 111.64 % for the half year ended 30.09.2024 as against 116.98 % for the half year ended 30.09.2023.
Adjusted Combined Ratio is 88.86% for the half year ended 30.09.2024 as against 93.63% for the half year ended 30.09.2023.
