1. India Stocks

  2. •

    Financial Services

  3. •

    Insurance - Reinsurance
General Insurance Corporation of India

General Insurance Corporation of India

GICRE.BO
General Insurance Corporation of IndiaIN flagBombay Stock Exchange
362.90
INR
+2.90
- -
636.94BMarket Cap
General Insurance Corporation of India
GICRE.BO
(Bombay Stock Exchange)

Recent

price

362.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
98.67
100.87
111.59
181.64
250.58
259.49
298.31
278.77
293.47
275.55
265.33
283.16
307
307.01
Revenue per Share
13.87
16.48
16.09
21.35
18.13
15.72
-1.06
11.35
13.6
39.37
38.11
42.36
55.08
55.08
Basic EPS, GAAP
16.28
14.83
34.03
45.92
50.84
43.11
49.1
75.68
51.5
66.05
63.49
-0.14
-0.08
- -
Free Cash Flow per Basic Share
3.35
1.89
3.08
5
5.77
6.75
6.75
- -
- -
2.25
7.2
- -
- -
- -
Dividend per Share
10.35
12.94
14.99
30.93
30.81
40.55
31.35
42.7
56.31
93.43
124.34
156.69
5
5
Book Value per Share
77.83
91.12
104.76
175.53
188.84
193.04
154.86
184.88
205.09
257.39
314.8
350.33
401.62
401.63
Tangible Book Value per Share
1,754
1,754
1,754
1,720
1,735
1,754
1,754
1,754
1,754
1,754
1,754
1,754
1,754
1,754
Basic Weighted Avg Shares
173,103
176,969
195,766
312,418
434,772
455,258
523,353
489,075
514,873
483,422
465,496
496,789
538,551
538,551
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
52
87
95
99
78
144
183
150
137
97
119
146
- -
- -
Depreciation Expense
24,331
28,910
28,234
36,717
31,455
27,576
-1,865
19,916
23,863
69,073
66,858
74,318
96,624
96,624
Net Income, GAAP
- -
1.04
10.98
13.16
11.98
31.55
- -
40.54
41.44
18.1
17.88
23.4
21.37
21.37
Effective Tax Rate (%)
14.06
16.34
14.42
11.75
7.23
6.06
-0.36
4.07
4.63
14.29
14.36
14.96
17.94
17.94
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
136,541
160,242
184,178
302,186
327,927
338,937
271,954
324,634
360,078
451,847
552,566
614,997
704,808
704,808
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
143.06
115.28
92.5
59.14
44.64
- -
31.23
27.9
53.09
35.36
30.37
68.12
68.12
Return on Capital (%)
- -
141.52
115.25
92.38
58.98
44.26
-2.96
30.66
27.48
52.59
35
30.15
68.12
68.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
14
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,754
1,754
1,754
Market Capitalization
646,517
667,739
635,986

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
261,939
268,970
284,889
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.02%
16.92%
14.6%
Free Cash Flow
-5.59%
-30.73%
-45.85%
Net Income, GAAP
-102.42%
49.45%
30.01%
Sales/Revenue/Turnover
12.24%
2.12%
8.41%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111,877
133,526
112,013
119,979
465,496
2025
128,649
122,643
113,740
131,757
496,789
2026
146,205
131,066
126,694
134,586
538,551

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.57
9.63
8.2
- -
38.11
2025
7.98
10.58
9.56
14.24
42.36
2026
14.42
16.38
9.84
14.44
55.08

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7.2
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
General Insurance Corporation of India (GIC Re) serves as India's national reinsurance company, providing reinsurance services to direct general insurers domestically and internationally. Incorporated on 22 November 1972 and headquartered in Mumbai, the company offers a comprehensive range of products including fire, motor (third party liability and other classes), aviation, engineering, marine cargo, marine hull, liability, personal accident, health, agriculture, catastrophe, credit and surety, and miscellaneous reinsurance; it also accepts obligatory cessions from Indian insurers as mandated by the Insurance Regulatory and Development Authority of India. GIC Re operates across multiple geographies with subsidiaries such as GIC Re South Africa Ltd, GIC Perestrakhovanie LLC in Russia, and GIC Re India Corporate Member Ltd at Lloyd's of London, targeting both domestic cedants and global reinsurance markets. In recent developments, GIC Re reported significant financial improvements for the half-year ended 30 September 2025, with gross premium income rising to Rs 21,990 crore from Rs 20,819 crore year-over-year, underwriting losses narrowing by 45.5% to Rs 1,295 crore, combined ratio improving to 107.71%, profit before tax surging 55.6% to Rs 5,716 crore, and solvency ratio strengthening to 3.85; the company also shifted to quarterly provisioning for its catastrophic reserve. Operationally, GIC Re transitioned management of its Lloyd's Syndicate 1947 to Asta in 2025 to streamline functions under a fully aligned capital model, while the Government of India announced plans to dilute a 6.78% stake to raise approximately Rs 4,700 crore. These changes underscore GIC Re's focus on enhanced underwriting discipline, investment income growth to Rs 6,987 crore, and strategic optimization amid robust premium expansion.