Jio Financial shares rally over 21% in 6 months; here is why the stock is in focus today

The reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities, a joint statement made late in the evening said.

The joint venture will leverage Allianz's existing Allianz Re and Allianz Commercial portfolios and activities in India. It will also benefit from Allianz's global setup, including its pricing, risk selection and portfolio management expertise, the statement said.

Allianz Re has been reinsuring risk in India for over 25 years.

The JFSL-Allianz reinsurance Joint Venture (JV) will help insurers manage risks more effectively by providing access to strong underwriting capabilities and competitive capacity, ultimately strengthening the resilience of the entire insurance ecosystem, it said, adding that the JV will launch operations post receipt of statutory and regulatory approvals, the statement added.

It further said that the two companies also entered into a non-binding agreement to set up equally owned joint ventures for both general and life insurance businesses in India.

Jio Financial Services Q1 FY26 numbers

Jio Financial Services on Thursday, July 17, posted a 4% year-on-year (YoY) jump in its net profit to ₹324.66 crore in the June quarter (Q1 FY26) from ₹312.63 crore in the year-ago period.

The company reported a revenue of ₹612.46 crore for the reporting quarter, up 46.5% from ₹417.82 crore in Q1 FY25.

The firm's total income increased to ₹619 crore in Q1 FY26 from ₹418 crore in the year-ago period. Its total expenses also witnessed a 228% YoY increase at ₹261 crore as compared to ₹79 crore in the same quarter a year ago.

Jio Financial share price performance

Shares of the company have rallied 21.65% over the past six months (as of Friday, July 18, 2025, close).