loader2
Partner With Us NRI

General Insurance Corporation of India share Price

Company details

222.20
225.00
119.40
239.50
6M Return 63.82%
1Y Return 83.78%
Mkt Cap.(Cr) 39,158.21
Volume 263,844
Div Yield 3.23%
OI
-
OI Chg %
-
Volume 263,844

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

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

View Other Company Results

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

General Insurance Corporation of India Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 34,473.28 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
General Insurance Corporation of India - Updates

Oct 03, 2023 l NSE Announcement

General Insurance Corporation of India - Trading Window

Sep 28, 2023 l NSE Announcement

Date Action Type Ratio
Sep 08, 2023 Dividend 144
Jun 07, 2022 Dividend 45

General Insurance Corporation of India Information

Stock PE (TTM)
5.46
Promoter Holding
85.78%
Book Value
269.0974
ROCE
7.06%
ROE
7.17%
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. The Corporation 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 a 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 30th January 2020, GIC Perestrakhovanie LLC (GIC Re`s 100% subsidiary) received its reinsurance operations license from Central Bank of Russia. GIC Moscow Representative office was upgraded into a wholly owned subsidiary named as GIC Perestrakhovanie LLC, which started its operations from August 2020.

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

FAQ’s on General Insurance Corporation of India Shares

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 Oct 03, 2023 03:55 PM the closing price of General Insurance Corporation of India was ₹ 223.20.

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 Oct 03, 2023 03:55 PM, the market cap of General Insurance Corporation of India stood at ₹ 39,158.21.

The latest PE ratio of General Insurance Corporation of India as of Oct 03, 2023 03:55 PM is 5.46

The latest PB ratio of General Insurance Corporation of India as of Oct 03, 2023 03:55 PM is 1.21

The 52-week high of General Insurance Corporation of India is ₹ 239.50 while the 52-week low is ₹ 119.40

Download Our App

market app
market app