General Insurance Corporation of India
Snapshot View

171.10 -3.10 ▼-1.8%

05 August 2021, 04:00:00 P.M.
Volume: 56,068

Overview View Details

Sector Finance Compare with Sector peers
Industry Insurance Compare with Industry peers
Website http://www.gicofindia.in
Financial Indicators
Market Cap 29,973.92 Cr.
Earnings per share (EPS) 11.35 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 15.05 Trailing Twelve Months Ending 2021-03
Industry PE 59.38 Trailing Twelve Months Ending 2021-03
Book Value / Share 141.21 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.21 Calculated using Price: 170.85
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 175.44 Cr. 1,754,400,000 Shares
FaceValue 5
Company Profile

General Insurance Corporation of India Ltd. (GIC) was incorporated on November 22, 1972 under the Companies Act, 1956 as a private company limited by shares.  GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as GIC was formed, the 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.

Business area of the company

The company provides reinsurance across many key business lines including fire (property), marine, motor, engineering, agriculture, aviation/space, health, liability, credit and financial and life insurance. As a sole reinsurer in the domestic reinsurance market, it provides reinsurance to the direct general insurance companies in the Indian market. It receives statutory cession of 5% on each and every policy subject to certain limits. It leads many of domestic companies’ treaty programmes and facultative placements. As it spreads its wings to emerge as an effective reinsurance solutions partner for the Afro-Asian region and has started leading the reinsurance programmes of several insurance companies in SAARC countries, South East Asia, Middle East and Africa. To offer its international clientele an easy accessibility, efficient service and tailor made reinsurance solutions; GIC has opened liaison/ representative/ branch / subsidiary offices in UK, Russia, UAE, Malaysia, South Africa and Brazil. GIC also has an offshore branch in GIFT City, Gujarat. GIC provides following capacities for Treaty and Facultative business on risk emanating from the international market based on merits of the business.

Awards and certifications

  • 2011 - Corporation won the Marine Insurance Award at Seatrade Middle East and Indian Subcontinent Awards 2011.
  • 2012 - Corporation won the Marine Insurance Award second time in a row, at Seatrade Middle East and Indian Subcontinent Awards 2012.
  • 2014 - Marine Insurer of the Year at the inaugural Maritime Standard Awards, Middle East and Indian Subcontinent Awards 2014.
  • 2014 - ICE Awards 2014 awarded to GIC ReNews (Certificate of Merit).
  • 2016 - Business Today Most Powerful Women Awards 2016.
  • 2017 - Reinsurance Company of the Year Award 2017 by ASSCOHAM, India.
  • 2017 -  Skoch Award, Resilinet India Award 2017.
  • 2019 - Alice G. Vaidyan, Chairman-cum-Managing Director,  has been  presented  with  the  CEO  of  The  Year  award  by  ET  Prime  at  the  Economic  Times  Prime  Women  Leadership Awards for 2019.
  • 2019 - FORTUNE India announced Ms. Alice G Vaidyan, as the 4th most powerful women in Business in their October issue on Most Powerful Women in Business.
  • 2019 - ASSOCHAM presented Ms. Vaidyan, the Leadership Excellence Award in February 2019.

Milestones

  • 1972 - Corporation was formed pursuant to section 9(1) of GIBNA and also under the Companies Act 1956 as private company limited by shares.
  • 1973 -The general insurance business in India was nationalized, 107 general insurance companies were merged and Corporation was formed as the holding company with four subsidiaries namely, New India Assurance Company Limited, National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited.
  • 2000 - Corporation was notified as ‘Indian Reinsurer’.
  • 2003 - Corporation commenced its life reinsurance underwriting activities.
  • 2013 - The joint venture Reinsurance Company in Bhutan-GIC Bhutan Re Limited became operational.
  • 2014 - GIC Re South Africa Limited, the wholly owned subsidiary of GIC Re was established in South Africa.
  • 2015 - India nuclear insurance pool launched.
  • 2016 - GIC  Re,  India,  Corporate  Member  Limited,  the  Wholly  owned  subsidiary  of  GIC  Re  in  UKestablished.
  • 2016 - GIC Re converted into ‘Public Limited Company’.
  • 2017 - GIC Re opened IFSC Insurance office in GIFT City.
  • 2020 - General Insurance Corporation of India has received license from Bank of Russia to commence reinsurance business in Russia.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.78%
1 Week
-4.41%
1 Month
-13.98%
3 Month
-16.80%
6 Month
+23.63%
1 Year
+19.52%
2 Year
-12.23%
5 Year
7 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 17.82 19.48 16.58 15.45 14.63 10.15 -1.50
Return on Capital Employed (%) 17.69 19.68 17.23 18.11 16.59 15.05 -1.85
Return on Assets (%) 7.12 7.38 6.48 6.34 6.23 4.58 -0.78

Balance Sheet View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 34,186 44,172 40,509 30,219 32,793 33,894 27,195
Non Curr. Liab. 20,001 21,196 22,023 11,621
Sources of Funds 34,186 44,172 40,509 50,220 53,989 55,916 38,816
Non Curr. Assets 47,221 57,332 56,245 66,995 74,273 82,528 71,361
Deferred Tax (Net) 24 9 5 16 17 3 21
Net Curr. Assets -13,059 -13,169 -15,741 -16,792 -20,301 -26,614 -32,566
Appl. of Funds 34,186 44,172 40,509 50,220 53,989 55,916 38,816

Profit Loss View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Opt. Profit (Trf Shh a/c) 1,603 1,561 1,658 2,600 2,518 2,759 -780
Inc. From Invest. 983 1,302 1,340 1,533 1,351 1,806 1,582
Other Income 110 235 237 18 13 145 172
Expenditure -280 -178 -385 -778 -204 -974 -1,432
Profit Before Tax 2,416 2,920 2,850 3,372 3,679 3,735 -458
Prov. For taxation 17 -29 -108 -496 -435 -1,216 87
Profit After Tax 2,433 2,891 2,742 2,876 3,244 2,519 -370
Balance B/F from B/S 461 1,386 1,049 1,218 4,890 4,908 6,237
Appropriations -1,508 -2,437 -2,848 -3,128 -1,428 -1,428
Balance C/F To B/S 1,386 1,840 1,218 4,890 4,908 6,237 4,623

Cash Flow View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 2,923 2,635 5,876 7,901 8,837 7,604 8,617
Cash Fr. Inv. -2,539 -2,677 -4,534 -4,354 -5,502 -7,865 -4,595
Cash Fr. Finan. -687 -387 453 -1,035 -1,206 -1,428 -1,428
Net Change -302 -429 1,795 2,512 2,129 -1,688 2,594
Cash & Cash Eqvt 8,264 7,749 9,779 12,231 14,257 12,933 16,107

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78 85.78
Public 14.22 14.22 14.22 14.22 14.22 14.22 14.22 14.22 14.22
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Cessation
Pursuant to Regulation 30 of SEBI Listing Regulations read with Part A of Schedule III we wish to inform you that Smt. Suchita Gupta General Manager & Chief Financial Officer of the Corporation has been appointed as Chairman-cum-Managing Director of National Insurance Company Limited and hence is relieved from the General Insurance Corporation of India ("Corporation") with effect from 2nd August 2021. Accordingly Smt. Suchita Gupta ceases to be General Manager & Chief Financial Officer (KMP) of the Corporation with effect from 2nd August 2021.
Sat, 31 Jul 2021
Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 we wish to inform you that Mr. Deepak Prasad (DIN: 08976647) Director and General Manager of the Corporation ceases to be on the Board of the Corporation on attaining superannuation with effect from 31st July 2021.
We request you to kindly take the above information on record.
Sat, 31 Jul 2021
Announcement under Regulation 30 (LODR)-Retirement
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 we wish to inform you that Mr. Deepak Prasad (DIN: 08976647) Director and General Manager of the Corporation ceases to be on the Board of the Corporation on attaining superannuation with effect from 31st July 2021.
We request you to kindly take the above information on record.

Technical Scans View Details

Thu, 05 Aug 2021
Close Crossing Last Week Low Close Crossing Last Week Low
Close Crossing Last Month Low Close Crossing Last Month Low
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days
Making Lower Lows for 3 days Making Lower Lows for 3 days

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