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General Insurance Corporation of India share Price Today

Company details

387.65
398.25
178.55
467.80
6M Return 24.97%
1Y Return 115.51%
Mkt Cap.(Cr) 68,491.78
Volume 1,735,688
Div Yield 2.57%
OI
-
OI Chg %
-
Volume 1,735,688

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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

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General Insurance Corporation of India shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Declining Revenue every quarter for the past 2 quarters

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 393.6
R2 398.0
R3 402.1
Pivot

389.50

S1 385.2
S2 381.1
S3 376.7
EMA SMA
361.9
352.5
341.6
309.7
361.8
344.6
357.9
307.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
PRESIDENT OF INDIA PROMOTER 85.78%

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 COMPARISON

Financials( in Cr) General Insurance Corporation of India Life Insurance Corporation of India SBI Life Insurance Company Ltd HDFC Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd
Price 390.40 1,002.30 1,449.90 593.50 596.15
% Change 0.30 0.39 -0.19 3.63 2.83
Mcap Cr 68,491.78 633,954.55 145,202.41 127,658.53 85,882.32
Revenue TTM Cr 46,638.29 784,627.64 80,635.64 70,207.08 89,683.04
Net Profit TTM Cr 6,577.16 35,996.65 1,720.57 1,368.28 850.66
PE TTM 10.21 15.43 76.80 78.20 98.31
1 Year Return 115.51 67.88 17.03 1.56 18.42
ROCE 14.45 0.95 0.66 0.62 0.38
ROE 20.29 124.84 14.14 9.60 8.34
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 43,502.45 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28

General Insurance Corporation of India Information

Stock PE (TTM)
10.21
Promoter Holding
85.78%
Book Value
314.9599
ROCE
14.45%
ROE
20.29%
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.gicre.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 Jun 13, 2024 03:49 PM the closing price of General Insurance Corporation of India was Rs.390.40.

The latest PE ratio of General Insurance Corporation of India as of Jun 13, 2024 03:49 PM is 10.21

The latest PB ratio of General Insurance Corporation of India as of Jun 13, 2024 03:49 PM is 0.81

The 52-week high of General Insurance Corporation of India share price is Rs. 467.80 while the 52-week low is Rs. 178.55

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 Jun 13, 2024 03:49 PM, the market cap of General Insurance Corporation of India stood at Rs. 68,491.78.

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