General Insurance Corporation of India (GIC Re), the nation's largest reinsurer, has announced strong financial results for the quarter ended March 2025, as well as a generous shareholder payout—a fourth and last dividend of ₹10 per share for FY25.
Key Highlights:
Stunning Q4 Numbers:
GIC Re has posted gross written premium of ₹113.64 billion for the March quarter, reflecting strong growth and business strength in a challenging reinsurance market.
Profit Surge: The company has reported a quarter's profit after tax (PAT) of ₹21.83 billion, reflecting its strong bottom-line growth.
High Dividend Pay-Out:
The Board has proposed a final dividend of ₹10 per equity share for the year ended March 31, 2025. It is a 200% dividend on the face value of ₹5 per share, expressing gratitude to the shareholders for their support.
Dividend Timeline: The proposed dividend is to be approved by shareholders at the upcoming 53rd Annual General Meeting (AGM). The record date for determining entitled shareholders is September 5, 2025. Assuming approval, the dividend will be paid out within 30 days after the declaration of the AGM.
Audit Confidence: GIC Re ensured that its FY25 standalone and consolidated results were presented with an unmodified opinion of joint statutory auditors, reflecting good financial governance.
Market Impact: GIC Re's announcement is sure to improve investor sentiments since the company has been making profits consistently and paying dividends to its shareholders. The strong income and profit figures combined with a high dividend yield make GIC Re a formidable bet in India's insurance sector.
Source: Business Upturn