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General Insurance Corporation of India Performance

Today's Low
322.80
arrowIcon
Today's High
338.00
52 Wk Low
142.35
arrowIcon
52 Wk High
467.80


Open

325.3

Traded Value (Cr)

41.85 Cr

Prev. Close

325.3

VWAP

331.63

Volume

17,99,893

Face Value

5

General Insurance Corporation of India Fundamentals

Market Cap
₹ 58,684 Cr
P/E Ratio (TTM)
8.59
P/B Ratio
1.23
Debt to Equity
0.00
ROE
0.00 %
EPS (TTM)
38.96
Dividend Yield
2.15%
Book Value
272.31

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General Insurance Corporation of India Financials

General Insurance Corporation of India Financials

General Insurance Corporation of India Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 85.78 % 85.78 % 85.78 % 85.78 %
Others 11.45 % 11.50 % 11.50 % 11.47 %
Retail 1.60 % 1.73 % 1.82 % 1.96 %
FII 0.95 % 0.86 % 0.77 % 0.67 %
Mutual Funds 0.22 % 0.13 % 0.12 % 0.12 %

Promoters

85.78%

Others

11.45%

Retail

1.60%

FII

0.95%

Mutual Funds

0.22%

Promoters

85.78%

Others

11.50%

Retail

1.73%

FII

0.86%

Mutual Funds

0.13%

Promoters

85.78%

Others

11.50%

Retail

1.82%

FII

0.77%

Mutual Funds

0.12%

Promoters

85.78%

Others

11.47%

Retail

1.96%

FII

0.67%

Mutual Funds

0.12%

Resistance and Support

₹337.85

PIVOT

resistance-arrow
Resistance
First Resistance₹342.700
Second Resistance₹350.200
Third Resistance₹355.050
support-arrow
Support
First Resistance₹330.350
Second Resistance₹325.500
Third Resistance₹318.000
RSI44.155
MACD-0.828
ADX45.220
CCI-64.687

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,799,893317,73124.92
Week1,249,010830,98156.07
1 Month1,651,755589,16035.99
6 Months1,799,8931,799,893100.00

About General Insurance Corporation of India

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.

Managing Director

Founded

1972

NSE Symbol

GICRE

General Insurance Corporation of India Management

NameDesignation
Devesh SrivastavaChairman / Executive Director
Maruthi Prasad TangiralaNon Executive Director / Nomin
Manimekhalai AIndependent Non Exe. Director
T. SivakumarIndependent Non Exe. Director
Priya Bhushan SharmaIndependent Non Exe. Director
Vinita KumariIndependent Non Exe. Director
Suresh SavaliyaCompany Sec. & Compli. Officer

General Insurance Corporation of India News

GICRE announces change in CFO
With effect from 01 May 2024
General Insurance Corporation of India to conduct board meeting
On 15 April 2024
General Insurance Corporation of India receives ratings action from CARE
General Insurance Corporation of India leads gainers in 'A' group
New India Assurance Company Ltd, Just Dial Ltd, Trent Ltd and Cummins India Ltd are among the other gainers in the BSE's 'A' group today, 08 February 2024.
General Insurance Corporation of India consolidated net profit rises 16.77% in the December 2023 quarter
Sales decline 10.09% to Rs 7780.23 crore
General Insurance Corporation of India standalone net profit rises 26.60% in the December 2023 quarter
Sales decline 10.30% to Rs 7758.28 crore
General Insurance Corporation of India to declare Quarterly Result
On 7 February 2024
Volumes soar at General Insurance Corporation of India counter
General Insurance Corporation of India recorded volume of 103.57 lakh shares by 14:14 IST on NSE, a 9.72 times surge over two-week average daily volume of 10.66 lakh shares
General Insurance Corporation of India announces board meeting date
On 8 December 2023
GICRE receives affirmation in ratings from A M Best

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General Insurance Corporation of India FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase General Insurance Corporation of India shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. General Insurance Corporation of India's share price is ₹328.25 as of April 16, 2024

General Insurance Corporation of India's P/E ratio is 8.59 times as of April 16, 2024.

General Insurance Corporation of India's most recent financial reports indicate a price-to-book ratio of 1.23, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. General Insurance Corporation of India's market is 58,685 Cr as on April 16, 2024.

The current financial records of General Insurance Corporation of India show a 0.00% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a General Insurance Corporation of India stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. General Insurance Corporation of India's 52-week high and low as of April 16, 2024 are ₹338 and ₹322.8 respectively.

As of the Dec 2023 quarter, the promoter shareholding in General Insurance Corporation of India stands at 85.78%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.86% to 0.95%.