New Delhi, Aug. 17 -- General Insurance Corporation of India's long-pursued 50-50 domestic-international split is now 'absolutely a long-term goal', chairman Hitesh Rameshchandra Joshi told analysts on the state-owned reinsurer's first quarter earnings call, as the corporation reset its working target to 60-40.

Joshi said the medium-term goal was now 60-40, but cautioned that the domestic market continues to outgrow global markets, so 'it will be a tough shot'. International business accounted for 14% of gross premium in the June quarter, down from 25% in FY26, according to the company's investor presentation.

When asked about a 6% decline in the foreign book, chief underwriting officer Sanjay Mukherjee attributed it to a portfolio reth...