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Company details

114.15
116.40
107.60
204.60
6M Return -17.97%
1Y Return -43.87%
Mkt Cap.(Cr) 20,228.23
Volume 13,242
Div Yield 1.95%
OI
-
OI Chg %
-
Volume 13,242

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SWOT

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EMA SMA

Delivery and volume

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 26,252.87 Cr FV: 5.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 18,658.80 -44,480.27
LAST 3M 70,889.04 -85,599.64
LAST 6M 138,573.25 -221,926.67
LAST 12M 230,551.63 -248,467.70
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Jun 07, 2022 Dividend 45

Information

  • About Company
  • Company Info
  • Listing Info
8.5
85.78%
205.243
6.65%
7.27%
Description
  • General Insurance Corporation of India (GIC Re) is the leader in the Indian reinsurance market. It leads many of the domestic companies` treaty programmes and facultative placements. Internationally, GIC Re is an effective reinsurance partner for the Afro-Asian region, leading the reinsurance programmes of several insurance companies in the Middle East and North Africa and SAARC countries. It has offices in London, Dubai, Kuala Lumpur and a representative office in Moscow. Based on financial results for 2017-18, GIC Re has emerged 10th largest global reinsurer group based on net premium as per Standard and Poor`s. GIC provides reinsurance across many key business lines including property, motor, agriculture, marine, engineering, aviation, health, liability. GIC Re was a wholly-owned company of Government of India until its initial public offer (IPO) in October 2017. GIC Re was listed on the bourses on 25 October 2017. The IPO was a combination of a fresh issue of 1.75-crore shares totaling up to Rs 1568.6 crore at the upper price band and offer for sale of 10.75-crore shares by Union government totaling up to Rs 9804 crore at the upper price band of Rs 912 per share. After the IPO, Government of India`s holding in GIC Re declined to 85.78%. General Insurance Corporation of India (GIC) was incorporated at Mumbai on November 22, 1972 as a private limited company. The Corporation was converted into a public limited company with effect from March 7, 2016. The Corporation is registered with IRDAI for carrying on reinsurance business pursuant to the registration certificate dated April 2, 2001. GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as GIC was formed, Government of India (GoI) transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies. After a process of mergers among Indian insurance companies, the following four companies (National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited) were left as fully owned subsidiary companies of GIC. In November 2000, GIC was renotified as the Indian Reinsurer and through administrative instruction, its supervisory role over the four subsidiaries was ended. With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003; GIC ceased to be a holding company of its subsidiaries. The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with Government of India. On 1 April 2002, GIC was appointed as manager to the Terrorism Insurance Pool. On 5 September 2013, GIC`s joint venture reinsurance company in Bhutan-GIC Bhutan Re Limited became operational. On 19 September 2013, GIC was appointed as Managers of FAIR NATCAT Reinsurance Pool at Beijing, China. On 11 August 2014, GIC Re South Africa Limited, the wholly owned subsidiary of GIC Re was established in South Africa. GIC Re along with several other Indian insurance companies launched the India Nuclear Insurance Pool (INIP) with a capacity of Rs 1500 crore on 12 June 2015 to provide insurance to cover the liability as prescribed under Civil Liability for Nuclear Damage (CLND) Act 2010. The INIP will address liability related concerns of suppliers under the CLND Act 2010 and will pave the way for Indian as well as foreign suppliers to participate in the Indian Nuclear Power Projects. On 20 December 2017, GIC Re announced that the Lloyd`s Franchise Board has granted in principle approval of GIC Re`s application to create a new Syndicate at Lloyd`s. GIC Re has partnered with Ironshore`s Pembroke Managing Agency (Pembroke) to establish and manage the Syndicate. In April 2018, syndicate supported by capitalisation by GIC Re became operational at Lloyd`s of London. This marks an inflexion point in its history since it will help broaden and diversify its international portfolio. The Board of Directors GIC Re at its meeting held on 25 May 2018 recommended Capitalization of Reserves and issue of fully paid Bonus Shares in the ratio of one Bonus equity share of Rs. 5/- each for one existing equity share of Rs. 5/- each subject to the approval of shareholders which would be taken through the process of Postal Ballot and remote E-voting.

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Registered Address

Suraksha 170 J Tata Road, Churchgate, Mumbai, Maharashtra, 400020

Tel : 91-22-22867000
Email : investors.gic:gicofindia.com
Website : http://www.gicofindia.in

Registrar

KFin Techologies Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 540755
NSE Code : GICRE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE481Y01014

ICICIdirect General Insurance Corporation of India FAQ

You can buy General Insurance Corporation of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy General Insurance Corporation of India Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jul 04, 2022 04:00 PM the closing price of General Insurance Corporation of India was ₹ 115.30.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jul 04, 2022 04:00 PM, the market cap of General Insurance Corporation of India stood at ₹ 20,228.23.
The latest PE ratio of General Insurance Corporation of India as of Jul 04, 2022 04:00 PM is 8.5
The latest PB ratio of General Insurance Corporation of India as of Jul 04, 2022 04:00 PM is 1.78
The 52-week high of General Insurance Corporation of India is ₹ 204.60 while the 52-week low is ₹ 107.60 .

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