🏦 GIC Re Q4 & FY25 Results: ₹6,701 Cr Profit, 3.7x Solvency – Is This the Safest Stock in India or Just Another Slow Mover?CMP: ₹419.10 | Down 2.87% | Dividend TBD | P/E: Just 7.2x
📌 At a Glance
GIC Re clocked a ₹6,701 Cr PAT in FY25, up 3.1% YoY, with gross premiums crossing ₹41,000 Cr and investment income of ₹12,772 Cr. The solvency ratio improved to 3.70, underwriting losses narrowed, and combined ratio improved slightly. Yet, the stock remains a market laggard — probably because investors can’t decide if it’s a PSU tortoise or a hidden compounder.
🏢 About the Company
Type: India’s largest reinsurance company (state-owned)
Global Rank: 10th largest reinsurer globally (non-IFRS 17 group)
Presence: 137 countries, branches in London & KL, Lloyd’s syndicate
