General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)
History[1][2]- Post Independence, Government of India (GOI) took over 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business. Later in Nov 1972, GOI incorporated General Insurance Corporation of India (GIC) to look after the above entities which were merged into 4 companies namely,National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited, United India Insurance Company Limited(which is also a wholly-owned subsidiary of GIC).[3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ICICI Lombard | 2010.00 | 35.74 | 100107.01 | 0.62 | 819.54 | 18.10 | 6869.33 | 11.75 | 24.86 | 25477.17 | 14.11 | 2800.59 | 819.54 | 6.25 | 3.79 | 0.00 |
| 2. | General Insuranc | 371.60 | 7.74 | 65193.50 | 2.69 | 2866.79 | 54.07 | 12716.48 | 4.83 | 15.99 | 50868.28 | 19.22 | 8423.26 | 2866.79 | 1.04 | 3.66 | 0.00 |
| 3. | Go Digit General | 342.85 | 62.37 | 31689.18 | 0.00 | 135.60 | 51.56 | 2488.04 | 11.35 | 10.80 | 9754.94 | 2.09 | 508.06 | 135.60 | 6.83 | 2.17 | 0.08 |
| 4. | Star Health Insu | 451.85 | 49.87 | 26586.80 | 0.00 | 54.90 | -50.67 | 4377.78 | 7.87 | 11.98 | 16837.84 | 4.18 | 533.07 | 54.90 | 3.57 | 3.27 | 0.06 |
| 5. | New India Assura | 153.57 | 21.78 | 25308.34 | 1.17 | 55.30 | -39.73 | 13449.68 | 24.70 | 3.59 | 47535.83 | 1.78 | 1161.99 | 54.06 | 0.88 | 0.96 | 0.00 |
| 6. | Niva Bupa Health | 74.79 | 149.18 | 13815.20 | 0.00 | -35.27 | -370.89 | 1574.03 | 19.13 | 7.45 | 5873.92 | 1.38 | 92.61 | -35.27 | 3.63 | 2.62 | 0.07 |
| â | Median: 6 Co. | 357.23 | 42.8 | 29137.99 | 0.31 | 95.45 | -10.81 | 5623.56 | 11.55 | 11.39 | 21157.5 | 3.13 | 847.53 | 95.25 | 3.6 | 2.95 | 0.03 |
Standalone figures in âš crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 11,249 | 11,120 | 11,167 | 11,087 | 12,823 | 14,402 | 10,556 | 10,199 | 12,583 | 11,970 | 13,224 | 12,130 | 12,716 |
Expenses | 10,268 | 9,396 | 9,264 | 10,333 | 11,430 | 12,210 | 7,341 | 7,161 | 9,808 | 9,978 | 11,582 | 9,765 | 9,812 |
Operating Profit | 981 | 1,724 | 1,903 | 755 | 1,393 | 2,192 | 3,215 | 3,038 | 2,776 | 1,993 | 1,643 | 2,365 | 2,904 |
Other Income | 315 | 200 | 266 | 180 | 0 | 51 | -211 | 134 | 147 | 469 | 205 | -84 | 568 |
Profit before tax | 1,295 | 1,924 | 2,169 | 935 | 1,393 | 2,244 | 3,004 | 3,171 | 2,923 | 2,461 | 1,848 | 2,281 | 3,473 |
Tax % | 7% | 21% | 25% | 22% | 26% | 22% | 15% | 17% | 25% | 24% | 13% | 18% | 17% |
Net Profit | 1,199 | 1,518 | 1,621 | 732 | 1,036 | 1,752 | 2,564 | 2,642 | 2,183 | 1,860 | 1,605 | 1,861 | 2,867 |
EPS in Rs | 6.83 | 8.65 | 9.24 | 4.17 | 5.91 | 9.99 | 14.61 | 15.06 | 12.44 | 10.60 | 9.15 | 10.61 | 16.34 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 13,616 | 13,559 | 15,211 | 31,301 | 43,489 | 44,297 | 50,128 | 48,687 | 48,856 | 46,402 | 45,800 | 48,903 | 50,868 |
Expenses | 14,993 | 15,120 | 16,759 | 27,653 | 39,771 | 41,627 | 52,244 | 45,308 | 45,806 | 39,669 | 38,366 | 40,453 | 41,093 |
Operating Profit | -1,377 | -1,561 | -1,548 | 3,647 | 3,718 | 2,670 | -2,116 | 3,379 | 3,050 | 6,733 | 7,434 | 8,449 | 9,775 |
Other Income | 3,825 | 4,433 | 4,546 | -14 | -42 | 804 | 1,688 | -202 | 522 | 1,025 | 454 | 329 | 1,033 |
Interest | 138 | 33 | 2 | 0 | 0 | 26 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Depreciation | 5 | 9 | 9 | 10 | 7 | 14 | 18 | 14 | 12 | 8 | 10 | 12 | 0 |
Profit before tax | 2,304 | 2,831 | 2,987 | 3,624 | 3,668 | 3,434 | -446 | 3,163 | 3,560 | 7,749 | 7,878 | 8,766 | 10,808 |
Net Profit | 2,322 | 2,803 | 2,655 | 3,128 | 3,234 | 2,224 | -359 | 1,920 | 2,006 | 6,312 | 6,497 | 6,701 | 8,423 |
EPS in Rs | 269.98 | 325.89 | 3.09 | 3.64 | 18.43 | 12.68 | -2.05 | 10.95 | 11.43 | 35.98 | 37.03 | 38.20 | 48.01 |
Dividend Payout % | 25% | 12% | 20% | 32% | 37% | 53% | 0% | 0% | 20% | 20% | 27% | 26% | â |
Standalone figures in âš crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 430 | 430 | 430 | 430 | 439 | 877 | 877 | 877 | 877 | 877 | 877 | 877 | 877 |
Reserves | 32,771 | 42,669 | 40,208 | 28,051 | 30,674 | 22,484 | 21,046 | 29,326 | 32,436 | 41,100 | 51,118 | 56,745 | 61,698 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 29,802 | 30,357 | 33,540 | 66,467 | 78,560 | 95,523 | 94,273 | 104,458 | 111,574 | 115,148 | 126,291 | 129,993 | 136,037 |
Total Liabilities | 63,002 | 73,455 | 74,177 | 94,949 | 109,672 | 118,884 | 116,196 | 134,661 | 144,887 | 157,125 | 178,286 | 187,616 | 198,613 |
Fixed Assets | 118 | 142 | 175 | 164 | 171 | 197 | 181 | 169 | 170 | 294 | 287 | 288 | 295 |
Gross Block | 167.44 | 199.65 | 241.43 | 243.50 | 258.36 | 297.17 | 297.10 | 298.21 | 309.98 | 433.13 | 435.01 | 445.73 | â |
Accumulated Depreciation | 49.32 | 57.55 | 66.21 | 79.89 | 87.17 | 100.48 | 116.29 | 128.94 | 139.61 | 138.87 | 147.93 | 158.23 | â |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 |
Investments | 45,688 | 55,725 | 54,441 | 64,745 | 71,922 | 79,613 | 68,526 | 91,096 | 101,106 | 110,683 | 131,425 | 138,074 | 145,260 |
Other Assets | 17,196 | 17,588 | 19,561 | 30,040 | 37,580 | 39,074 | 47,490 | 43,396 | 43,612 | 46,147 | 46,574 | 49,247 | 53,058 |
Total Assets | 63,002 | 73,455 | 74,177 | 94,949 | 109,672 | 118,884 | 116,196 | 134,661 | 144,887 | 157,125 | 178,286 | 187,616 | 198,613 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | â | 2,571 | 5,802 | 7,782 | 8,662 | 7,016 | 8,225 | 12,824 | 8,420 | 11,349 | -448 | -770 |
Cash from Investing Activity | â | -2,720 | -3,119 | -4,317 | -5,475 | -6,912 | -3,791 | -10,383 | -5,631 | -8,753 | 1,937 | 2,294 |
Cash from Financing Activity | â | -387 | -650 | -1,035 | -1,206 | -1,428 | -1,428 | 0 | 0 | -395 | -1,263 | -1,754 |
Net Cash Flow | â | -536 | 2,033 | 2,429 | 1,981 | -1,324 | 3,006 | 2,440 | 2,789 | 2,201 | 226 | -230 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | â | â | â | â | â | â | â | â | â | â | â | â |
Days Payable | â | â | â | â | â | â | â | â | â | â | â | â |
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -700 | -721 | -744 | -338 | -287 | -322 | -349 | -439 | -487 | -557 | -594 | -589 |
ROCE % | 4% | 3% | 3% | 10% | 12% | 10% | -2% | 12% | 11% | 21% | 17% | 16% |
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Stock Analysis
General Insurance Corporation of India (GIC Re) is India's leading reinsurer, operating domestically and internationally. It provides reinsurance solutions to the insurance industry, enhancing financial stability and risk management capabilities.
Based on past information, key growth triggers include leveraging its strong credit ratings for international business expansion, focusing on underwriting profitability, and prudent risk management. Management has previously indicated targets for international business growth.
Currently no data available for Order Book.
Currently no data available for Key Red Flags from the current news. The current filing is a routine compliance report. Past company data notes contingent liabilities of Rs. 26,577 Cr.
Currently no data available for Key Dates To Watch.
Corporate Announcements
