loader2
NRI

General Insurance Corporation of India Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
Incur '0' Brokerage upto ₹500
General Insurance Corporation of India 13 Nov 2024 11:09 AM
Result PDF

H1FY25 Half Yearly Result Announced for General Insurance Corporation of India

General Insurance company General Insurance Corporation of India announced H1FY25 results

Standalone Financial Highlights:

  • Gross Premium Income of the company was Rs 20,819.16 crore for the H1FY25 as compared to Rs 19,679.85 crore for the H1FY24.
  • Underwriting Loss is Rs 2,376.95 crore for the H1FY25 as compared to Rs 3,029.04 crore for the H1FY24.
  • Investment Income is Rs 6,242.32 crore for the H1FY25 as compared to Rs 5,825.38 crore for the H1FY24.
  • Solvency Ratio is 3.42 as on 30.09.2024 as compared to 2.82 as on 30.09.2023.
  • The company recorded Profit Before Tax of Rs 3,674.29 crore for the H1FY25 as compared to Profit Before Tax of Rs 2,782.78 crore for the H1FY24.
  • Profit After Tax for the H1FY25 recorded as Rs 2,897.12 crore as compared to Profit After Tax of Rs 2,336.87 crore for the H1FY24.
  • Total Assets are Rs 1,94,881.75 crore as on 30.09.2024 as compared to Rs 1,67,640.89 crore as on 30.09.2023.
  • Net Worth of the company (without fair value change account) recorded at Rs 39,481.33 crore on 30.09.2024 as against Rs 33,266.61 crore as on 30.09.2023.
  • Net Worth of the company (including fair value change account) recorded as Rs 90,917.70 crore on 30.09.2024 as against Rs 71 ,376.53 crore as on 30.09.2023.
  • Combined Ratio is 111.64 % for the H1FY25 as against 116.98 % for the H1FY24.
  • Adjusted Combined Ratio is 88.86% for the H1FY25 as against 93.63% for the H1FY24.

Consolidated Financial Highlights:

  • Consolidated Gross Premium Income of the company was Rs 21,103.51 crore for the H1FY25 as compared to Rs 19,962.02 crore for the H1FY24.
  • Investment Income of the group was Rs 6,280.37 crore for the H1FY25 as compared to Rs 5,859.85 crore for the H1FY24.
  • Consolidated Profit Before Tax for the H1FY25 was Rs 3,777.05 crore as compared to Profit Before Tax of Rs 3,008.94 crore for the H1FY24.
  • Consolidated Profit After Tax for H1FY25 was Rs 3,256.36 crore as compared to Profit After Tax of Rs 2,666.60 crore for the H1FY24.
  • Incurred claims Ratio is 91.06% for the H1FY25 as compared to 95.72% for the H1FY24.
  • Group's net worth (without fair value change account) for the H1FY25 is Rs 43,029.24 crore as compared to Rs 36,498.86 crore for the H1FY24.

Result PDF

Result PDF

General Insurance company General Insurance Corporation of India announced Q1FY25 results:

  • Gross Premium Income of the company was Rs 12,405.68 crore for the quarter ended 30.06.2024 as compared to Rs 8,917.71 crore for the quarter ended 30.06.2023. 
  • Underwriting Loss is Rs 1,288.53 crore for the quarter ended 30.06.2024 as compared to Rs 1,557.44 crore for the quarter ended 30.06.2023.
  • Investment Income is Rs 2,758.99 crore for quarter ended 30.06.2024 as compared to Rs 2,559.31 crore for the quarter ended 30.06.2023.
  • Solvency Ratio is 3.36 as on 30.06.2024 as compared to 2.88 as on 30.06.2023 . .
  • The company recorded Profit Before Tax of Rs 1,393.16 crore for the quarter ended 30.06.2024 as compared to Profit Before Tax of Rs 935.18 crore for the quarter ended 30.06.2023.
  • Profit After Tax for the quarter ended 30.06.2024 recorded as Rs 1,036.36 crore as compared to Profit After Tax of Rs 731.79 crore for the quarter ended 30.06.2023.
  • Total Assets are Rs 1,86,552.46 crore as on 30.06.2024 as compared to Rs 1,63,928.08 crore as on 30.06.2023.
  • Net Worth of the company (without fair value change account) recorded at Rs 38,635.23 crore on 30.06.2024 as against Rs 32,984.27 crore as on 30.06.2023.
  • Net Worth of the company (including fair value change account) recorded as Rs 85,926.02 crore on 30.06.2024 as against Rs 69,650.29 crore as on 30.06.2023.
  • Combined Ratio is 109.60 % for the quarter ended 30.06.2024 as against 118.47 % for the quarter ended 30.06.2023.
  • Adjusted Combined Ratio is 92.97% for the quarter ended 30.06.2024 as against 95.97% for the quarter ended 30.06.2023. 

Result PDF

General Insurance company General Insurance Corporation of India announced Q4FY24 & FY24 results:

  • Gross premium income of the company was Rs 37,181.76 crore for the year ended March 31, 2024, as compared to Rs 36,591.59 crore for the year ended March 31, 2023.
  • Underwriting Loss is Rs 4,006.56 crore for the year ended March 31, 2024, as compared to Rs 2,341.37 crore for the year ended March 31, 2023.
  • Investment Income is Rs 11,620.40 crore for year ended March 31, 2024, as compared to Rs 10,594.00 crore for the year ended March 31, 2023.
  • Solvency Ratio is 3.25 as of March 31, 2023 as compared to 2.61 as on 31.03.2023.
  • The company recorded Profit Before Tax of Rs 7,877.93 crore for the year ended 31.03.2024 as compared to Profit Before Tax tax of Rs 7,749.44 crore for the year ended March 31, 2023.
  • Profit After Tax for the year ended March 31, 2024, was recorded as Rs 6,497.30 crore as compared to Profit After Tax of Rs 6312.50 crore for the year ended March 31, 2023.
  • Total Assets are Rs 1,78,285.82 crore as of March 31, 2024, as compared to Rs 1,57,124.60 crore as of March 31, 2023.
  • Net Worth of the company (without fair value change account) was recorded at Rs 37,581.78 crore on March 31, 2024, as against Rs 32,356.08 crore on March 31, 2023.
  • Net Worth of the company (including fair value change account) recorded as Rs 81,330.25 crore on March 31, 2024, as against Rs 63,749.61 crore on March 31, 2023.
  • Combined ratio is 111.82% for the year ended March 31, 2024, as against 109.31% for the year ended March 31, 2023.
  • Adjusted Combined Ratio is 88.02% for the year ended March 31, 2024, as against 86.96% for the year ended March 31, 2023.

Result PDF

General Insurance Corporation of India announced 9MFY24 results:

  • Gross Premium Income was Rs 28,458.11 crore for 9MFY24 compared to Rs 29,221.85 crore for 9MFY23.
  • Underwriting Loss is Rs 4,576.63 crore for 9MFY24 compared to Rs 3,233.80 crore for 9MFY23.
  • Investment Income is Rs 8,648.92 crore for 9MFY24 compared to Rs 7,696.79 crore for 9MFY23.
  • Solvency Ratio is 2.94 as of December 31, 2023, compared to 2.38 as of December 31, 2022.
  • The company recorded a Profit Before Tax of Rs 4,706.58 crore for 9MFY24 compared to a Profit Before Tax of Rs 4,745.17 crore for 9MFY23.
  • Profit After Tax for 9MFY24 was Rs 3,854.82 crore, compared to Profit After Tax of Rs 3,748.66 crore for 9MFY23.
  • Total Assets are Rs 1,74,882.51 crore as of December 31, 2023, compared to Rs 1,58,526.70 crore as of December 31, 2022.
  • Net Worth of the company (without fair value change account) recorded at Rs 35,031.89 crore on December 31, 2023, compared to Rs 29,761.80 crore as on December 31, 2022.
  • The Net Worth of the company (including the fair value change account) was recorded as Rs 77,626.89 crore on December 31, 2023, compared to Rs 63,556.21 crore as of December 31, 2022.
  • Combined Ratio is 117.99% for 9MFY24 compared to 114.68% for 9MFY23.
  • Adjusted Combined Ratio is 94.43% for 9MFY24 compared to 93.63% for 9MFY23.

 

 

Result PDF

General Insurance Corporation of India announced Q1FY24 results:

  • Gross Premium Income of Rs 8,917.71 crore for Q1FY24 as compared to Rs 11,021.83 crore for Q1FY23.
  • Underwriting Loss is Rs 1,557.44 crore for Q1FY24 as compared to Rs 776.29 crore for Q1FY23.
  • Investment Income is Rs 2,454.94 crore for Q1FY24 as compared to Rs 1,890.43 crore for Q1FY23.
  • Solvency Ratio is 2.88 as on June 30, 2023, as compared to 2.14 as on June 30, 2022.
  • The company recorded Profit Before Tax of Rs 935.18 crore for Q1FY24 compared to Rs 988.71 crore for Q1FY23.
  • Profit After Tax for Q1FY24 recorded as Rs 731.79 crore as compared to Rs 689.72 crore for Q1FY23.
  • Total Assets are Rs 1,64,258.75 crore as on June 30, 2023, as compared to Rs 1,46,178.09 crore as on June 30, 2022.
  • Net Worth of the company (without fair value change account) recorded at Rs 32,984.27 crore on June 30, 2023, as against Rs 26,345.14 crore as on June 30, 2022.
  • Net Worth of the company (including fair value change account) was recorded as Rs 69,650.29 crore on June 30, 2023, as against Rs 55,341.65 crore as on June 30, 2022.
  • Combined Ratio is 118.47% for Q1FY24 as against 110.97% for Q1FY23.
  • Adjusted Combined Ratio is 97.24% for Q1FY24 as against 97.01% for Q1FY23. 

 

 

Result PDF

General Insurance Corporation of India announced Q4FY23 & FY23 results:

  • Gross Premium Income of the company was Rs 36,591.59 crore for the year ended 31.03.2023 as compared to Rs 43,208.46 crore for the year ended 31.03.2022.
  • Underwriting Loss reduced to Rs 2,341.37 crore for the year ended 31.03.2023 as compared to Rs 4,266.11 crore for the year ended 31.03.2022.
  • Investment Income is Rs 10,594.00 crore for the year ended 31.03.2023 as compared to Rs 9,562.29 crore for the year ended 31.03.2022.
  • Solvency Ratio is 2.61 as on 31.03.2023 as compared to 1.96 as on 31.03.2022.
  • The company recorded Profit Before Tax of Rs 7,749.44 crore for the year ended 31.03.2023 as compared to Profit Before Tax of Rs 3,560.14 crore for the year ended 31.03.2022.
  • Profit After Tax for the year ended 31.03.2023 recorded as Rs 6,312.50 crore as compared to Profit After Tax of Rs 2,005.74 crore for the year ended 31.03.2022.
  • Total Assets are Rs 1,57,124.60 crore as on 31.03.2023 as compared to Rs 1,44,887.37 crore as on 31.03.2022.
  • Net Worth of the company (without fair value change account) recorded at Rs 30,306.58 crore on 31.03.2023 as against Rs 24,439.72 crore as on 31.03.2022.
  • Net Worth of the company (including fair value change account) recorded as Rs 61,700.11 crore on 31.03.2023 as against Rs 55,657.73 crore as on 31.03.2022.
  • Combined Ratio is 109.31% for the year ended 31.03.2023 as against 112.08% for the year ended 31.03.2022.
  • Adjusted Combined Ratio is 86.95% for the year ended 31.03.2023 as against 93.11 % for the year ended 31.03.2022.

 

Result PDF

General Insurance Corporation of India announced Q3FY23 results:

  • 9MFY23:
    • The gross premium income of the company was Rs 29,221.85 crore for the 9MFY23 as compared to Rs 32,904.65 crore for the 9MFY22.
    • Underwriting loss was reduced to Rs 3,233.31 crore for 9MFY23 as compared to Rs 6,580.30 crore for 9MFY22.
    • Investment income is Rs 7,696.79 crore for 9MFY23 as compared to Rs 6,735.70 crore for 9MFY22.
    • The solvency ratio is 2.38 as of Q3FY23 as compared to 1.80 and 2.25 as of Q3FY22 and Q2FY23 respectively.
    • The company recorded profit before tax of Rs 4,745.67 crore for 9MFY23 as compared to profit before tax of Rs (54.63) crore for 9MFY22. Profit before tax for Q3FY23 was recorded as Rs 1,595.79 crore as compared to Rs (101.76) crore for Q3FY22.
    • Profit after tax for 9MFY23 was recorded as Rs 3,749.15 crore as compared to profit after tax of Rs 210.34 crore for 9MFY22. Profit after tax for Q3FY23 recorded as Rs 1,200.71 crore as compared to Rs (28.48) crore for Q3FY22.
    • Total assets are Rs 1,58,527 crore as of Q3FY23 as compared to Rs 1,47,275 crore as of Q3FY22.
    • Net worth of the company (without fair value change account) was recorded at Rs 27,822.39 crore in Q3FY23 as against Rs 22,605 crore as of Q3FY22.
    • Net Worth of the company (including fair value change account) recorded as Rs 61,616.80 crore on Q3FY23 as against Rs 53,723 crore in Q3FY22.
    • The combined ratio is 114.68 % for 9MFY23 as against 122.58 % for 9MFY22.
    • Adjusted combined ratio is 93.63% for 9MFY23 as against 104.62 % for 9MFY22.
  • Consolidated 9MFY23 of GIC Re:
    • The gross premium income of the company was Rs 29,546.50 crore for 9MFY23 as compared to Rs 33,503.07 crore for 9MFY22.
    • The investment income of the group was Rs 7,733 crore for 9MFY23 as compared to Rs 6,793 crore for 9MFY22.
    • Profit before tax for 9MFY23 was Rs 5,006.66 crore as compared to profit before tax of Rs28.97 crore for 9MFY22.
    • Profit after tax for 9MFY23 was Rs 4,178.62 crore as compared to profit after tax of Rs 450.26 crore for 9MFY22.
    • Incurred claims ratio is 95.59% for 9MFY23 as compared to 105.09% for 9MFY22.
    • Group's net worth (without fair value change account) for 9MFY23 is Rs 31,033.47 crores as compared to Rs 25,211.50 crore for 9MFY22.

Result PDF

General Insurance Corporation of India announced Q2FY23 results:

  • H1FY23 vs H1FY22:
    • The Gross Premium Income of the company was Rs 19,122.45 crore for the half year that ended on Sept 30, 2022, as compared to Rs 22,664.64 crore for the same perioed in 2021. 
    • Underwriting loss reduced to Rs1,696.07 crore for the half year that ended on Sept 30, 2022, as compared to Rs 4,209.11 crore for the same period in 2021.
    • Investment Income is Rs 5,096.75 crore for the half year that ended on Sept 30, 2022, as compared to Rs 4,464.56 crore for the same perioed in 2021.
    • The solvency Ratio is 2.25 as of 30.09.2022 as compared to 1.88 and 2.14 as of 30.09.2021 and 30.06.2022 respectively.
    • The company recorded Profit Before Tax of Rs 3,450.08 crore for the half year ended 30.09.2022 as compared to Profit Before Tax of Rs 47.03 crore for the half year ended 30.09.2021. Profit before tax for Q2 of the financial year 2022-23 recorded as Rs 2,461.37 crore as compared to Rs 1,213.76 crore for Q2 of the previous year.
    • Profit After Tax for the half year ended 30.09.2022 recorded as Rs 2,549.65 crore as compared to Profit After Tax of Rs 238.82 crore for the half year ended 30.09.2021. Profit after tax for Q2 of the financial year 2022-23 was recorded as Rs 1,859.93 crore as compared to Rs 1,010.55 crore for Q2 of the previous year.
    • Total assets are Rs 1,53,384.76 crore as of 30.09.2022 as compared to Rs 1,45,976.26 crore as on 30.09.2021.
    • The net worth of the company (without fair value change account) was recorded at Rs 26,625.07 crore on 30.09.2022 as against Rs 22,691.57 crore as of 30.09.2021.
    • Net Worth of the company (including fair value change account) recorded as Rs 59,203.56 crore on 30.09.2022 as against Rs 55,088.25 crore as of 30.09.2021.
    • The combined Ratio is 113.92 % for the half year ended 30.09.2022 as against 121.57% for the half year ended 30.09.2021.
    • The adjusted Combined Ratio is 92.07% for the half year ended 30.09.2022 as against 104.40% for the half year ended 30.09.2021.

 

Result PDF

General Insurance Corporation of India announced Q1FY23 Result :

  • Gross Premium Income of the company was Rs 11,021.83 crore for the quarter ended 30.06.2022 as compared to Rs 14,289.92 crore for the quarter ended 30.06.2021.
  • Underwriting Loss is Rs 776.29 crore for the quarter ended 30.06.2022 as compared to Rs 2811.17 crore for the quarter ended 30.06.2021.
  • Investment Income is Rs 1,890.43 crore for quarter ended 30.06.2022 as compared to Rs 1,794.60 crore for the quarter ended 30.06.2021.
  • Solvency Ratio is 2.14 as on 30.06.2022 as compared to 1.74 as on 30.06.2021.
  • The company recorded Profit Before Tax of Rs 988.71 crore for the quarter ended 30.06.2022 as compared to Loss Before Tax of Rs 1,166. 72 crore for the quarter ended 30.06.2021.
  • Profit After Tax for the quarter ended 30.06.2022 recorded as Rs 689.72 crore as compared to Loss After Tax of Rs 771.73 crore for the quarter ended 30.06.2021.
  • Total Assets are Rs 1,46, 178.09 crore as on 30.06.2022 as compared to Rs 1,42,454.14 crore as on 30.06.2021.
  • Net Worth of the company (without fair value change account) recorded at Rs 24,744.87 crore on 30.06.2022 as against Rs 21,285.37 crore as on 30.06.2021 .
  • Net Worth of the company (including fair value change account) recorded as Rs 53,741.39 crore on 30.06.2022 as against Rs 50,673.76 crore as on 30.06.2021.
  • Combined Ratio is 110.97 % for the quarter ended 30.06.2022 as against 123.36 % for the quarter ended 30.06.2021.
  • Adjusted Combined Ratio is 97.01% for the quarter ended 30.06.2022 as against 112.35 % for the quarter ended 30.06.2021.
  • Consolidated Gross Premium Income of the company was Rs 11,100.74 crore for the quarter ended 30.06.2022 as compared to Rs 14,426.55 crore for the quarter ended 30.06.2021.
  • Investment Income of the group was Rs 1,911 .55 crore for the quarter ended 30.06.2022 as compared to Rs 1,809.43 crore for the quarter ended 30.06.2021.
  • Consolidated Profit Before Tax for the quarter ended 30.06.2022 was Rs 1,025.69 crore as compared to Loss Before Tax of Rs 1,510.96 crore for the quarter ended 30.06.2021.
  • Consolidated Profit After Tax for quarter ended 30.06.2022 was Rs 729.34 crore as compared to Loss After Tax of Rs 1,039.69 crore for the quarter ended 30.06.2021.
  • Incurred claims Ratio is 94.86% for the quarter ended 30.06.2022 as compared to 107.43 % for the quarter ended 30.06.2021.
  • Group's net worth (without fair value change account) for the quarter ended 30.06.2022 is Rs 27,565.68 crores as compared to Rs 23,378.04 crore for the quarter ended 30.06.2021.

 

 

Result PDF

General Insurance Corporation of India announced Q4FY22 results:

  • Gross Premium Income of the company was Rs 43,208.46 crore for the year ended 31.03.2022 as compared to Rs 47,014.38 crore for the year ended 31.03.2021.
  • Underwriting Loss is Rs 4,266.11 crore for the year ended 31.03.2022 as compared to Rs 5,488.45 crore for the year ended 31.03.2021.
  • Investment Income is Rs 9,562.29 crore for year ended 31.03.2022 as compared to Rs 8,820.86 crore for the year ended 31.03.2021.
  • Solvency Ratio is 1.96 as on 31.03.2022 as compared to 1.74 as on 31.03.2021.
  • The company recorded Profit Before Tax of Rs 3,560.14 crore for the year ended 31.03.2022 as compared to Profit Before Tax of Rs 3,163.38 crore for the year ended 31.03.2021.
  • Profit After Tax for the year ended 31.03.2022 recorded as Rs 2,005.74 crore as compared to Profit After Tax of Rs 1,920.44 crore for the year ended 31.03.2021.
  • Total Assets are Rs 144,887.37 crore as on 31.03.2022 as compared to Rs 1,34,661.22 crore as on 31.03.2021.
  • Net Worth of the company (without fair value change account) recorded at Rs 24,439.72 crore on 31.03.2022 as against Rs 22,452.34 crore as on 31.03.2021.
  • Net Worth of the company (including fair value change account) recorded as Rs 55,657.73 crore on 31.03.2022 as against Rs 49,643.19 crore as on 31.03.2021.
  • Combined Ratio is 112.08 % for the year ended 31.03.2022 as against 112.03 % for the year ended 31.03.2021.
  • Adjusted Combined Ratio is 93 .11 % for the year ended 31.03.2022 as against 95 .85 % for the year ended 31.03.2021.
  • The Board of Directors of the Company have declared interim dividend at the rate of Rs 2.25 per equity share (on face value of Rs 5/- each) and 8th June 2022 has been fixed as record date for payment of interim dividend.

 

 

Result PDF

Trending News

Aadhar Housing Finance Ltd (AHFL) aims to double its AUM to ₹50,000 crore

Aadhar Housing Finance Ltd (AHFL) aims to double its AUM to ₹50,000 crore

Published on 17-Apr-2025 09:15

Bajaj Electricals has entered into a strategic three-year exclusive partnership with SEAK

Bajaj Electricals has entered into a strategic three-year exclusive partnership with SEAK

Published on 17-Apr-2025 09:10

BHEL has entered into Technology Transfer Agreement (TTA) with Bhabha Atomic Research Center (BARC)

BHEL has entered into Technology Transfer Agreement (TTA) with Bhabha Atomic Research Center (BARC)

Published on 17-Apr-2025 09:06

Alcoa, one of the global industry leaders in aluminium, reported steady performance for Q1CY25

Alcoa, one of the global industry leaders in aluminium, reported steady performance for Q1CY25

Published on 17-Apr-2025 09:04

Wipro reported IT services revenue of US$2.59 bn

Wipro reported IT services revenue of US$2.59 bn

Published on 17-Apr-2025 09:03

Sonata Software has announced that Q4 FY25 revenue from its largest client is expected to be lower than previously estimated

Sonata Software has announced that Q4 FY25 revenue from its largest client is expected to be lower than previously estimated

Published on 17-Apr-2025 09:01

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app