GIC Re Q2 net profit grows 16% to Rs 1,861 crore

New Delhi: General Insurance Corporation (GIC) of India on Wednesday reported a 16 percent growth in net profit at Rs 1,861 crore in the September 2024 quarter.

The insurance company posted a net profit of Rs 1,605 crore in the July-September period of last fiscal.

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Gross premium, however, came in lower at Rs 8,413 crore during the September quarter of the current fiscal against Rs 10,762 crore a year ago, GIC Re said in a statement.

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