GIC of India
380.80
-2.10(-0.55%)
Market Cap₹66,807.55 Cr
PE Ratio7.85
IndustryInsurance
Company Performance:
1D-0.55%
1M-0.78%
6M-2.31%
1Y-6.44%
5Y+150.53%
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More news about GIC of India
29Jul 25
General Insurance Corporation of India Welcomes Tapan Kumar Mondal as Government Nominee Director
General Insurance Corporation of India (GIC Re) has appointed Shri Tapan Kumar Mondal as a Government Nominee Director on its Board, effective July 24, 2025. Mondal, currently Deputy Secretary in the Department of Financial Services, Ministry of Finance, brings extensive government experience to the role. The appointment, made by the Central Government, aims to strengthen GIC Re's governance structure. Mondal is not related to any existing directors and is not debarred from holding the position by any regulatory authority.
29Jul 25
GICRE Reports Significant Reduction in Tax Demand, Saving 562.4 Million Rupees
GIC of India (GICRE) has reported a decrease of 562.4 million rupees in its tax obligations following appeal orders from the Commissioner Appeals CGST & Central Excise, Mumbai. The first order reduced the demand from 1,112.28 crore to 138.47 crore rupees, while the second order lowered it from 60.02 crore to 3.79 crore rupees. Despite this reduction, GICRE states there's no material impact on its financials or operations. The company plans to file appeals against both demands at the GST tribunal.
23Jul 25
General Insurance Corporation of India Appoints Ms. Jayashri Balkrishna as Executive Director
GIC of India has appointed Ms. Jayashri Balkrishna as Executive Director. She brings extensive experience in various critical functions including investments, reinsurance operations, and risk management. Ms. Balkrishna holds a post-graduate degree in Commerce, is a Fellow of the Insurance Institute of India, and an Associate of the Chartered Insurance Institute, London. She previously served as the Chief Risk Officer, overseeing Enterprise Risk Management and Corporate Social Responsibility initiatives. Ms. Balkrishna holds 1,222 equity shares in GIC of India and is not related to any existing Directors.
28Jun 25
GIC Re's Dubai Branch Faces Rs 90.42 Crore VAT Demand Notice from UAE Tax Authority
GIC of India's Dubai branch has received a VAT demand notice of approximately Rs 90.42 crore from the UAE's Federal Tax Authority. The notice concerns discrepancies in VAT returns filed from January 2018 to December 2020. GIC Re plans to file a reconsideration request and states there is no material impact on its financials or operations.
26Jun 25
Government Mulls Accelerating GIC Share Sale
The Indian government is reportedly exploring options to expedite the sale of its shares in GIC of India, the country's largest reinsurer. While specific details are limited, this move could potentially impact the ownership structure of the state-owned company. The exact timeline, volume of shares to be sold, and reasons for the potential acceleration have not been disclosed. No official statement has been released by the government regarding this matter.
27May 25
GIC Re Reports 17% Drop in Q4 Profit, Declares Rs 10 Per Share Dividend
General Insurance Corporation of India (GIC Re) reported a 17% decline in Q4 net profit to Rs 2,183.00 crore. Gross premium income increased to Rs 10,367.00 crore, but the company faced an underwriting loss of Rs 392.00 crore. The combined ratio rose to 103.56%. Despite challenges, GIC Re's board recommended a dividend of Rs 10.00 per share. The company's solvency ratio improved to 3.70, indicating a strong capital position.
26May 25
GIC Re Reports Q4 Results: 17% Profit Decline, Dividend Proposed, Asset Quality Improves
GIC Re's Q4 net profit declined 17% to ₹2,183.00 crore, but gross premium increased to ₹10,367.00 crore. Full-year profit rose 3% to ₹6,701.00 crore. Asset quality improved with GNPA ratio decreasing from 1.81% to 1.13%. The board recommended a dividend of ₹10 per equity share. Solvency ratio improved to 3.70, indicating strong financial position.
13Mar 25
Value Attics Reinsurance Set to Make History as India's First Private Sector Reinsurer
Value Attics Reinsurance is poised to become India's first private sector reinsurer, breaking the monopoly of state-owned General Insurance Corporation of India (GIC Re). This development is expected to increase competition, enhance reinsurance capacity, bring in global best practices, and potentially lead to more innovative products and competitive pricing in the Indian insurance sector.
GIC of India
380.80
-2.10
(-0.55%)
1 Year Returns:-6.44%