General Insurance Corporation of India Share Price

General Insurance

NSE: GICRE Mid Cap ISIN: INE481Y01014

As on 22 January 2025 at 15:04 IST

₹424.95

-9.90

(-2.28%)

Sell Buy

About General Insurance Corporation of India

General Insurance Corporation of India Ltd (GIC Re) is a prominent public sector reinsurance company in India. The company specializes in providing reinsurance services to direct general insurance companies. It operates in the insurance sector. The company was incorporated on November 22, 1972, under the Companies Act of 1956, making it many decades old. General Insurance Corporation of India Ltd's headquarters is in Mumbai, Maharashtra, India. GIC Re’s main products include a wide range of reinsurance solutions, such as property reinsurance, marine reinsurance, motor reinsurance, health reinsurance, and agriculture reinsurance. Read More...

Over 1 Month

-9.51%

Over 6 Months

11.07%

Over 1 Year

30.14%

Over 3 Years

216.37%

General Insurance Corporation of India Summary

Close ₹ 424.95

Open ₹ 438.50

High ₹ 442.70

Low ₹ 417.05

Volume 7,92,871

Net Turnover (in ₹) ₹ 60,38,25,346.65

52Wk High ₹ 525.50

52Wk Low ₹ 308.05

52Wk High / Low

308.05

525.50

General Insurance Corporation of India Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 76,290.08

EPS (TTM) 40.23

Book Value (BV) 320.77

Div. Yield 2.30 %

P/E (TTM) 10.80

Price/Book Value 1.35

Delivery % 30.35 %

Face Value 5

Key Ratios

PE Ratio 8.91

PB Ratio 1.11

EV to Sales 0.74

PEG Ratio 3.05

ROA 7.88

ROE 13.83

Debt-Equity -

Net Profit Margin 14.01

Operating Profit Margin 17.01

General Insurance Corporation of India Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profit Before Tax	7,924.90	8,031.18	3,754.65	3,069.32	-365.67
Profit After Tax	6,508.14	6,577.16	2,198.76	1,824.99	-278.30

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	317.78	324.02	200.19	199.64	209.07
Total Current Assets	47,531.59	46,893.69	46,734.33	45,842.50	49,198.70

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	11,144.45	11,722.24	9,050.78	13,283.61	8,616.98
Net Cash used in Investing Activities	-8,728.55	-9,076.40	-6,188.25	-10,801.54	-4,015.74
Net Cash used in Financing Activities	-1,263.17	-394.74	-	-	-1,427.65

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profit Before Tax	7,877.93	7,749.44	3,560.14	3,163.38	-445.97
Profit After Tax	6,497.30	6,312.50	2,005.74	1,920.44	-359.09

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	287.08	294.27	170.37	169.28	180.81
Total Current Assets	45,737.68	45,377.52	43,385.43	43,165.56	47,234.05

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	10,743.79	11,349.12	8,419.89	12,823.66	8,224.59
Net Cash used in Investing Activities	-8,376.03	-8,753.22	-5,630.86	-10,383.36	-3,791.07
Net Cash used in Financing Activities	-1,263.17	-394.74	-	-	-1,427.65

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	12,377.97	12,886.47	10,254.16	10,879.84	13,240.21
Total Expenses	9,997.79	11,413.41	6,702.36	9,531.91	11,589.86
Profit Before Tax	2,286.92	1,490.13	3,683.22	1,820.23	1,855.38
Profit After Tax	1,864.91	1,121.76	2,554.13	1,392.24	1,611.71
Operating Profit after Depreciation	2,286.92	1,490.13	3,683.22	1,820.23	1,855.38

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	12,130.38	12,822.55	10,198.59	10,851.30	13,224.18
Total Expenses	9,765.06	11,429.56	6,573.41	9,404.94	11,581.52
Profit Before Tax	2,281.14	1,393.15	3,758.74	1,923.82	1,847.61
Profit After Tax	1,860.76	1,036.36	2,642.48	1,517.96	1,605.10
Operating Profit after Depreciation	2,281.14	1,393.15	3,758.74	1,923.82	1,847.61

General Insurance Corporation of India Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 425.10

S2 415.35

S3 398.55

Pivot 441.90

R1 451.65

R2 468.45

R3 478.20

Moving Average

20 SMA 444.71

50 SMA 421.74

100 SMA 404.25

200 SMA 388.08

General Insurance Corporation of India Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

General Insurance Corporation of India

₹10/Share

Announcement Date 11 Sep 2024

Record Date 11 Sep 2024

Div Yield 200%

AGM Date: 26 Sep 2022

AGM 26/09/2022 Pursuant to regulation 34(1) of the SEBI Listing Regulations, please find enclosed herewith copy of Annual Report of the Corporation for the Financial Year 2021-22 which interalia includes Notice of the 50th Annual General Meeting of the Corporation scheduled to be held on Monday, 26th September 2022 at 3 :00 p.m. (1ST) through Video Conference/ Other Audio Visual Means. The said Annual Report is being circulated to the Members of the Corporation through electronic mode. The Annual Report is hosted on the website of the Corporation at www.gicofindia.com and on the website of the e-voting Agency, M/s. National Securities and Depository Limited at www.evoting.nsdl.com You are requested to take note of the above and arrange to bring this to the notice of all concerned. (As Per BSE Announcement dated on 02.09.2022) Pursuant to Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith proceedings of the 50th AGM of the Corporation held on 26th September 2022 at 3:00 p.m. through Video Conferencing (VC). You are requested to take note of the above and arrange to bring this to the notice of all concerned. (As Per BSE Announcement dated on 27.09.2022) Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith result of voting (remote e-voting as well as evoting at AGM) in the prescribed format alongwith the Combined Report given by Ms. Ragini Chokshi of Mis. Ragini Chokshi & Company, Scrutinizer for the resolutions proposed at the Annual General Meeting held on 26th September 2022 at 3:00 p.m. through Video Conferencing (VC). The resolutions have been passed by the shareholders with requisite majority. The result of the voting is also being hosted on the website of the Corporation at www.gicofindia.com and website of M/s. National Securities and Depository Limited at www.evoting.nsdl.com. (As per BSE Announcement Dated on 28/9/2022)

AGM Date: 26 Sep 2023

AGM 26/09/2023 Proceedings of 51st Annual General Meeting of the Corporation (As Per BSE Announcement Dated on 26/09/2023)

AGM Date: 26 Sep 2024

AGM 26/09/2024 Proceedings of 52nd Annual General meeting of the Corporation (As per BSE Announcement dated on 26/09/2024) Scrutiniser''s Report and Voting results is enclosed (As per BSE Announcement Dated on 27/09/2024)

General Insurance Corporation of India Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
General Insurance Corporation of India	₹434.55	₹76,237.45
Life Insurance Corporation of India	₹837.80	₹5,29,908.31
SBI Life Insurance Company Ltd	₹1,467.25	₹1,47,031.51
HDFC Life Insurance Company Ltd	₹623.65	₹1,34,259.55
ICICI Lombard General Insurance Company Ltd	₹1,902.95	₹94,241.83
ICICI Prudential Life Insurance Company Ltd	₹635.90	₹91,901.82

General Insurance Corporation of India News

General Insurance Corporation of India receives affirmation in credit rating

10 Jan 2025, 06:56 pm

General Insurance Corporation of India leads losers in 'A' group

K P R Mill Ltd, Kirloskar Brothers Ltd, Indo Count Industries Ltd and Spandana Sphoorty Financial Ltd are among the other losers in the BSE's 'A' group today, 23 December 2024.

23 Dec 2024, 03:00 pm

General Insurance Corporation of India leads gainers in 'A' group

MTAR Technologies Ltd, Aegis Logistics Ltd, New India Assurance Company Ltd and Vakrangee Ltd are among the other gainers in the BSE's 'A' group today, 20 December 2024.

20 Dec 2024, 12:00 pm

General Insurance Corporation of India schedules board meeting

On 12 November 2024

06 Nov 2024, 07:21 pm

General Insurance Corporation of India schedules AGM

On 26 September 2024

06 Sep 2024, 04:34 pm

General Insurance Corporation of India Stock Analysis

Annual Net Profit for General Insurance Corporation of India increased by 2.93% to ₹6,497.30 crore in FY 2024 from ₹6,312.50 crore in FY 2023.
Promoter Shareholding in General Insurance Corporation of India decreased by 3.95% in the most recent quarter, from 85.78% in June 2024 to 82.40% in September 2024.
General Insurance Corporation of India delivered a 1-year return of 30.14% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
General Insurance Corporation of India share price moved down by 2.28% from its previous close of INR ₹434.85. The latest General Insurance Corporation of India share price is INR ₹424.95.
General Insurance Corporation of India share price today has been at a low of 417.05 and a high of 442.70. Over the past 52 weeks, the General Insurance Corporation of India share price has seen a low of 308.05 and a high of 525.50.

About General Insurance Corporation of India

General Insurance Corporation of India Ltd is a prominent public sector reinsurance company in India. The company specializes in providing reinsurance services to direct general insurance companies. Reinsurance involves sharing the risk of insurance policies with other insurers. This process helps insurance companies manage their risk exposure and maintain financial stability.

GIC Re operates in the insurance sector, focusing on reinsurance. It has become a key player in the industry. The company was incorporated on November 22, 1972, making it many decades old. Since its inception, GIC Re has experienced significant growth. It has expanded its operations both domestically and internationally.

General Insurance Corporation of India Ltd's headquarters is in Mumbai, Maharashtra, India. The company's promoters include the President Of India, at a significant 82.40% stake in the company. This strong backing from the government provides GIC Re with a solid foundation and credibility in the market. A team of professional managerial promoters manages the operations of the company

Ramaswamy Narayanan
Hitesh Rameshchandra Joshi
C S Radhika
A Manimekhalai
Vinita Kumari

GIC Re’s main products include a wide range of reinsurance solutions. These solutions include property, marine, motor, health, and agriculture reinsurance. These products support the direct insurance market by providing additional capacity and stability. GIC Re’s comprehensive reinsurance solutions effectively help insurance companies manage large and complex risks.

While GIC Re is a major player in the reinsurance sector, it is not the largest in market share or market capitalization globally. However, it holds a leading position in the Indian reinsurance market and has a significant presence in the Afro-Asian region. This leadership demonstrates the company’s expertise in the industry. It also shows their commitment to providing reliable reinsurance solutions. General Insurance Corporation of India Ltd's registered office is in Mumbai, Maharashtra. The registrar's office is situated in Hyderabad, Telangana.

Importance of General Insurance Corporation of India Limited

General Insurance Corporation of India Ltd plays a crucial role in the insurance sector, particularly in the reinsurance market. Established in 1972, GIC Re has become a leading reinsurance company in India. It is also a significant player in the international market. The importance of GIC Re is evident in its contributions to risk management and financial stability. It also plays a role in economic development.

One of the primary roles of GIC Re is to provide reinsurance support to direct insurance companies. Reinsurance involves sharing the risk of insurance policies with other insurers. This practice helps insurance companies manage their risk exposure and maintain financial stability. GIC Re’s reinsurance solutions allow insurance companies to underwrite large and complex risks. These are risks that companies might be unable to manage independently. This support is essential for the stability and growth of the insurance market.

GIC Re’s importance is also evident in managing catastrophic risks. Natural disasters such as earthquakes, floods, and cyclones can result in significant financial losses for insurance companies. GIC Re provides reinsurance coverage for catastrophic events. This support helps insurance companies manage their exposure to such risks. This coverage ensures that insurance companies can continue to operate after significant disasters. It also allows them to fulfil their obligations to policyholders.

The company’s impact extends to the agricultural sector as well. GIC Re offers reinsurance solutions for crop insurance, which protects farmers against the financial impact of crop failures due to adverse weather conditions. This support helps stabilize the agricultural sector, a critical component of the Indian economy. GIC Re supports farmers' financial security by providing reinsurance for crop insurance. This also contributes to the overall stability of the agricultural sector.

Its contributions to the marine and aviation insurance markets further highlight its importance. GIC Re provides reinsurance coverage for marine and aviation risks, essential for the smooth functioning of global trade and transportation. This coverage helps manage the risks associated with shipping and aviation. It ensures that these industries can operate efficiently and safely. GIC Re’s support for marine and aviation insurance contributes to the stability and growth of these critical sectors.

GIC Re’s impact is not limited to its reinsurance products alone. The company is also known for its commitment to innovation and sustainability. GIC Re invests in research and development to create advanced reinsurance solutions. These solutions are designed to meet the evolving needs of the market. The company’s focus on innovation keeps it competitive in the market. This commitment allows it to offer solutions that enhance the performance and efficiency of its clients. Additionally, GIC Re’s commitment to sustainability is evident in its efforts to develop eco-friendly products and implement sustainable business practices.

The company’s strong leadership and management team have been instrumental in its success. GIC Re’s management team is committed to maintaining its reputation for quality and innovation, ensuring its continued success in the market. The company’s leadership is focused on driving growth and achieving its strategic objectives. They navigate the challenges of the reinsurance industry to attain sustained growth.