Ramaswamy Narayanan, CMD, GIC Re On Q4 Earnings, Net Premium, Underwriting Profit & FY25 Outlook

GIC Re, the public sector reinsurer, reported a 3.08% increase in net profit for Q4 FY24, reaching ₹2,642.5 crore compared to ₹2,563.84 crore in the same period last year. Sequentially, net profit surged 74% from ₹1,518 crore in Q3 FY24. For the full fiscal year FY24, net profit rose 3% to ₹6,497.30 crore from ₹6,312.50 crore in FY23. Total assets as of March 31, 2024, stood at ₹1.78 trillion, up from ₹1.57 trillion a year earlier. Ramaswamy Narayanan, CMD of GIC Re, discusses Q4 earnings, net premium, underwriting profit, and the FY25 outlook with Business Today TV's Sakshi Batra. Watch this exclusive interview.