So what does the slice of the reinsurance market which investors will get look like? For all practical purposes, GIC Re has retained a monopolistic position in the reinsurance market. Add a steady reduction in combined ratio and GIC Re looks like a sure shot towards a profitable investment. The operating profit ratio is the profit earned through underwriting risk plus investment income as a percentage of net premium. But at roughly 4 times its book value for fiscal 2017, GIC Re share is a quasi-sovereign paper giving high returns.

Source: Mint October 10, 2017 08:42 UTC