GIC Re share price today

General Insurance Corporation of India's share price was ₹342.30 at the close on 6 November 2026. It has been falling for 17 weeks. That is 4.6% below its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today General Insurance Corporation of India is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹311 and ₹400, and at that close it sat 35% of the way up from that low.

Over the last 9 years the share price moved −18% while the NIFTY 500 moved +137%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue grew again in the September 2026 quarter, highest quarterly profit in 16 quarters and highest quarterly revenue in 16 quarters.

1. Revenue grew again in the September 2026 quarter

   Revenue was ₹14,985 crore, +17.5% on a year earlier (₹12,755 crore), after 2 quarters of decline.

2. Highest quarterly profit in 16 quarters

   Profit of ₹2,966 crore in the September 2026 quarter is the highest of the last 16 quarters.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹14,985 crore in the September 2026 quarter is the highest of the last 16 quarters.

GIC Re paid ₹13.25 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 3.87% at the ₹342.30 close on 6 November 2026. The last was a dividend of ₹13.25 a share, ex-date 4 September 2026.

GIC Re dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. General Insurance Corporation of India paid out 24% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), GIC Re reported total income of ₹14,985 crore, up 17.5% from ₹12,755 crore a year earlier, and a profit of ₹2,966 crore, up 3.2% from ₹2,874 crore.

GIC Re results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 17 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

GIC Re closed at ₹342.30 on 6 November 2026, down 9.7% from ₹379.15 a year earlier (7 November 2025) and up 148.4% over five years. Its highest weekly close since October 2017 was ₹501.00 on 20 December 2024.

GIC Re share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

478 weekly closes from 27 October 2017 to 6 November 2026.

6 Nov 2026: GIC Re closed at ₹342.30, up 10.1% on the week and up 9.5% on the month. Results for July to September 2026: Total income up 17.5% and profit up 3.2% on a year earlier.

Earlier

• 4 Sep 2026: ex-date for a dividend of ₹13.25 a share.
• 17 Aug 2026: GIC Re held its results call for April to June 2026. Management guided: Overall premium growth goal roughly 10%; foreign growth expected more pronounced than domestic, subject to mid-year cycle review.

On the call for April to June 2026, held on 17 August 2026, GIC Re's management guided: Overall premium growth goal roughly 10%; foreign growth expected more pronounced than domestic, subject to mid-year cycle review.

“We would like to have a combined ratio target for the domestic book of approximately 103 and for the foreign book of 95, in line with global markets. - Hitesh Joshi”Chairman & Managing Director, on the call for April to June 2026

What management guided

• Medium-term domestic:international risk-mix goal 60:40; domestic market share maintained, foreign client recovery pursued, and life remains a growth focus.
• Domestic underwriting combined ratio planned at approximately 103, with no timing specified.
• Foreign underwriting combined ratio planned at 95 within 2-3 years.
• Foreign premium recovery to the earlier level may take 3-4 years rather than 2 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 17 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at GIC Re, from the latest results and calls: combined ratio improvement (1% annual goal), international book recovery via am best rating restoration and portfolio mix rebalancing (60/40 domestic/international long-term goal).

• Combined Ratio Improvement (1% annual goal). 9M FY26 adjusted CR 85.1% vs 89.1% on a year earlier, 400 basis points structural improvement; management committed to 1% annual combined ratio reduction in every call. ⚠ estimate
• International Book Recovery via AM Best Rating Restoration. AM Best A-minus restored October 2024, January 2026 renewals first real test; 3-5 year rebuild of lost Japan/Taiwan panels is the constraint. ⚠ estimate
• Portfolio Mix Rebalancing (60/40 Domestic/International Long-Term Goal). Shifting from current 77/23 domestic-international split to 60/40, international at improving margins is the long-term ROE driver. ⚠ estimate
• Income from financial assets Compounding (₹11,204 crore annual base, 10% growth). Income from financial assets ₹11,204 crore FY25 (+10% on a year earlier on interest/dividend component); steady floor offsetting underwriting volatility regardless of CR trajectory. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Motor and Cargo combined ratios catastrophically high; Israel/Turkey Motor and China/Israel Cargo exposure not contained, October to December 2025 profit declined despite revenue growth.

The main risks

• International Underwriting Hemorrhage (Motor 190% CR, Cargo 282% CR): Motor and Cargo combined ratios catastrophically high; Israel/Turkey Motor and China/Israel Cargo exposure not contained, October to December 2025 profit declined despite revenue growth. ✓ fact
• CAT Event Year, Climate Tail Risk: January to March 2025 hurt by LA fires, Dubai floods, Nepal floods, CAT events compress reported profit by ₹300-600 Cr in a single quarter. ✓ fact
• Obligatory Cession Reduction, Regulatory Risk: Any reduction in obligatory cession percentage would reduce GIC Re's compulsory premium base; industry lobbying ongoing but no official guidance. ✓ fact

Our read after the latest results, written 17 May 2026.

When GIC Re reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Gujarat flood claims development; check whether provisions run off or require additions in the next results.

GIC Re is on 3 of our India lists: 52 week high & low, Dividend stocks and Small & mid cap stocks.

General Insurance Corporation of India earned ₹2,966 Cr of net profit in the Sep 2026 quarter, +3.2% on the same quarter a year earlier. Full-year FY26 profit was ₹9,662 Cr. Over 10 years profit has grown 13.1% a year on average. That is 19.8% of the quarter's revenue. The same quarter a year earlier earned ₹2,874 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹9,662 Cr (+30.0% on the year before).

Why profit moved: revenue changed +17.5% on a year earlier and the margin moved −2.7 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −5.9% and revenue +6.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

General Insurance Corporation of India reported ₹14,985 Cr of income in the Sep 2026 quarter, +17.5% on the same quarter a year earlier. Over 10 years it has grown 13.2% a year on average. The last full year, FY26, came in at ₹52,986 Cr. The last four reported quarters add to ₹54,993 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

Why this happened. The rating was downgraded in July 2020 and restored to A-minus in October 2024. International premium grew 9.4% YoY in Q2 FY26 (Rs 4,909 Cr, 22% of mix). The January 2026 renewals included portfolio de-risking and new Fire business, validating the direction if not the magnitude. However, management explicitly walked back the '34% sustainable' and '17-20% YoY' international growth narratives, the correct frame is 8-10% CAGR over the medium term. The volume benefit of the rating is real but slow-moving; the profitability benefit requires correcting Motor, Cargo, and Life CRs simultaneously.

FY26 revenue was ₹52,986 Cr, +6.8% on the year before.

Recent pace: the last four quarters grew +6.9% on average, against 13.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +6.3%, against +8.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −6.4%, against +11.0% a year (rolling over).

General Insurance Corporation of India's net margin was 19.8% in the Sep 2026 quarter, 2.7 percentage points lower than the same quarter a year ago. Across 13 years it has been between −0.4% and 21.3%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why this happened. The core profitability lever. GIC Re's underwriting discipline is visibly improving: Q2 FY26 combined ratio 109.15% vs 114.05% YoY; 9M FY26 adjusted CR 85.1% vs 89.1% YoY. Management is aiming for 1% annual improvement toward 100% combined ratio. Every 100bps of CR improvement translates to roughly Rs 400-500 Cr of additional underwriting profit at current premium volumes. The trajectory is real but slow, international segments (Motor 190%, Cargo 282%, Life 138%) remain significant drags and require multi-year correction.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

General Insurance Corporation of India does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why this happened. Q2 FY26 income from financial assets Rs 3,791.67 Cr vs Rs 3,483.32 Cr YoY (+8.9%). This is the structural earnings floor that makes the stock un-blowable. Management is preparing for IFRS implementation which will mark the equity portfolio to market, potential volatility in reported earnings but not in underlying cash flows.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

General Insurance Corporation of India's revenue was ₹52,986 Cr in FY26, +6.8% on the year before, so the loan book is growing. The latest quarter was +17.5% on a year earlier. The net margin on that income is 19.8%, −2.7 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

General Insurance Corporation of India's P/BV is 0.8×, near the low end of its own history: it has been lower only 34% of the time. Its usual P/BV (the middle reading) is 1.1×, over 8.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.