GICs attractive dividend yield and cheap valuation face a regulatory overhang

Profitability cushion

Investment income, although unchanged year-on-year, more than offset underwriting losses. Can investment income continue to support overall profitability? The answer is likely yes, given that GIC was sitting on nearly ₹40,000 crore of unrealized gains on its equity portfolio at the end of Q1FY27, according to data disclosed on its earnings call.