General Insurance Corporation of India

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General Insurance Corporation of India

₹ 351 -1.55%
25 Aug 3:59 p.m.
gicre.in BSE: 540755 NSE: GICRE
About

General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 61,658 Cr.
  • Current Price ₹ 351
  • High / Low ₹ 418 / 346
  • Stock P/E 7.20
  • Book Value ₹ 392
  • Dividend Yield 3.77 %
  • ROCE 17.6 %
  • ROE 13.7 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.90 times its book value
  • Stock is providing a good dividend yield of 3.77%.
  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • The company has delivered a poor sales growth of 1.51% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Contingent liabilities of Rs.26,577 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Insurance General Insurance

Part of Nifty LargeMidcap 250 BSE Financial Services Nifty Total Market Nifty Midcap 150 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
11,087 13,224 11,120 10,199 12,823 12,130 11,167 12,583 14,402 12,716 12,505 12,845 14,347
10,333 11,582 9,396 7,161 11,430 9,765 9,264 9,808 12,210 9,812 10,532 10,522 12,130
Operating Profit 755 1,643 1,724 3,038 1,393 2,365 1,903 2,776 2,192 2,904 1,972 2,322 2,217
OPM % 7% 12% 16% 30% 11% 20% 17% 22% 15% 23% 16% 18% 15%
180 205 200 134 0 -84 266 147 51 568 145 638 273
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 935 1,848 1,924 3,171 1,393 2,281 2,169 2,923 2,244 3,473 2,117 2,960 2,490
Tax % 22% 13% 21% 17% 26% 18% 25% 25% 22% 17% 28% 24% 23%
732 1,605 1,518 2,642 1,036 1,861 1,621 2,183 1,752 2,867 1,519 2,254 1,922
EPS in Rs 4.17 9.15 8.65 15.06 5.91 10.61 9.24 12.44 9.99 16.34 8.66 12.85 10.96
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
13,559 15,211 31,301 43,489 44,297 50,128 48,687 48,856 46,402 45,800 48,903 52,468 52,413
15,120 16,759 27,653 39,771 41,627 52,244 45,308 45,806 39,669 38,366 40,453 43,076 42,997
Operating Profit -1,561 -1,548 3,647 3,718 2,670 -2,116 3,379 3,050 6,733 7,434 8,449 9,391 9,416
OPM % -12% -10% 12% 9% 6% -4.2% 7% 6% 15% 16% 17% 18% 18%
4,433 4,546 -14 -42 804 1,688 -202 522 1,025 454 329 1,402 1,624
Interest 33 2 0 0 26 0 0 0 1 0 0 0 0
Depreciation 9 9 10 7 14 18 14 12 8 10 12 0 0
Profit before tax 2,831 2,987 3,624 3,668 3,434 -446 3,163 3,560 7,749 7,878 8,766 10,793 11,040
Tax % 1% 11% 14% 12% 35% -19% 39% 44% 19% 18% 24% 22%
2,803 2,655 3,128 3,234 2,224 -359 1,920 2,006 6,312 6,497 6,701 8,392 8,562
EPS in Rs 325.89 3.09 3.64 18.43 12.68 -2.05 10.95 11.43 35.98 37.03 38.20 47.84 48.81
Dividend Payout % 12% 20% 32% 37% 53% 0% 0% 20% 20% 27% 26% 21%
Compounded Sales Growth
10 Years: 13%
5 Years: 2%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: 20%
5 Years: 34%
3 Years: 10%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 18%
1 Year: -7%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 430 430 430 439 877 877 877 877 877 877 877 877
Reserves 42,669 40,208 28,051 30,674 22,484 21,046 29,326 32,436 41,100 51,118 56,745 64,026
0 0 0 0 0 0 0 0 0 0 0 0
30,357 33,540 66,467 78,560 95,523 94,273 104,458 111,574 115,148 126,291 129,993 132,318
Total Liabilities 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286 187,616 197,221
142 175 164 171 197 181 169 170 294 287 288 297
CWIP 0 0 0 0 0 0 0 0 0 0 8 0
Investments 55,725 54,441 64,745 71,922 79,613 68,526 91,096 101,106 110,683 131,425 138,074 140,928
17,588 19,561 30,040 37,580 39,074 47,490 43,396 43,612 46,147 46,574 49,247 55,995
Total Assets 73,455 74,177 94,949 109,672 118,884 116,196 134,661 144,887 157,125 178,286 187,616 197,221

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,571 5,802 7,782 8,662 7,016 8,225 12,824 8,420 11,349 -448 -770 -653
-2,720 -3,119 -4,317 -5,475 -6,912 -3,791 -10,383 -5,631 -8,753 1,937 2,294 -587
-387 -650 -1,035 -1,206 -1,428 -1,428 0 0 -395 -1,263 -1,754 -1,754
Net Cash Flow -536 2,033 2,429 1,981 -1,324 3,006 2,440 2,789 2,201 226 -230 -2,995
Free Cash Flow 2,539 5,760 7,779 8,647 6,976 8,222 12,822 8,407 11,218 -451 -791 -661
CFO/OP -141% -363% 222% 244% 313% -419% 411% 324% 195% 19% 16% 20%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -721 -744 -338 -287 -322 -349 -439 -487 -557 -594 -589 -582
ROCE % 3% 3% 10% 12% 10% -2% 12% 11% 21% 17% 16% 18%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Obligatory Cession Mix
%

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Incurred Claims Ratio
%
Domestic Premium Mix
%
Number of Employees
count
Market Share in Indian Reinsurance Market
%
Fire Premium Mix
%
Number of Countries Served
count
Number of Direct Insurance Clients
count

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Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
85.78% 85.78% 85.78% 85.78% 82.40% 82.40% 82.40% 82.40% 82.40% 82.40% 82.40% 77.40%
0.86% 0.95% 0.87% 1.05% 1.34% 1.80% 1.93% 2.12% 2.12% 2.12% 2.05% 2.43%
11.02% 11.11% 11.06% 10.91% 13.72% 13.70% 13.68% 13.29% 13.10% 13.32% 13.55% 17.73%
2.34% 2.15% 2.30% 2.25% 2.56% 2.10% 2.00% 2.19% 2.40% 2.16% 2.00% 2.45%
No. of Shareholders 2,26,8702,22,6062,42,3142,43,1272,52,3022,32,0572,26,1622,26,7652,30,6832,24,5592,17,4942,24,351

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

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