General Insurance Corporation of India logo

General Insurance Corporation of India share price

NSE: GICREBSE: 540755InsuranceMid Cap

Face value ₹5 · Listed Oct 2017 · Issue price ₹912
Last close ₹325.10up ₹2.60 (0.81%)BSE ₹324.55

Share price at the NSE close on 28 Oct 2026. Previous close ₹322.50.

28 Oct: open ₹321.75, high ₹326.00, low ₹316.05

52-week range of traded prices to 28 Oct 2026
₹308.00Low, 8 Oct 2026₹417.95High, 16 Apr 2026
Market cap
₹57,036 Cr162nd largest listed
P/E
6.41
P/B
0.93
Dividend yield
4.08%
ROE
15.8%
Solvency
4.32times the capital required
Gross premium
₹44,368 Cr
Combined ratio
104.66%
Claims ratio
83.83%
Expense ratio
1.10%
Volume, NSE
4,19,83943.2% delivered

General Insurance Corporation of India share price chart

Daily closes since Oct 2017, adjusted for splits and bonuses

−15.2%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 6,05,732 shares a day, 50.0% delivered

About General Insurance Corporation of India

General Insurance Corporation of India, known as GIC Re, is a reinsurer: it takes on part of the risks that insurance companies cover, in return for a share of their premiums.1 It reinsures insurers in India and abroad, and is the only Indian reinsurer registered with the regulator and listed on Indian stock exchanges.2

Its main lines are property, agriculture, liability, motor and health, and it also reinsures marine, aviation and life business.34 It also manages reinsurance pools in India, through which insurers combine their capacity where cover is hard to obtain.5

It has a presence in around 137 countries.3 Outside India it has branches in London and Malaysia, and a Dubai branch in run-off (servicing old contracts and writing no new ones), whose business is now handled from its GIFT City branch in India.67 Its wholly owned subsidiaries are GIC Re South Africa, GIC Perestrakhovanie in Moscow, and GIC Re, India, Corporate Member in London, which writes business through syndicates at Lloyd's of London.68 It holds 35% of Agriculture Insurance Company of India, 26% of GIC Bhutan Re and 20% of India International Insurance in Singapore.9

It was formed in 1972 under the General Insurance Business (Nationalisation) Act, and its shares were listed on BSE and NSE on 25 Oct 2017.1011 The Government of India held 77.40% of the company in June 2026.10

General Insurance Corporation of India key points

Results

  • On a standalone basis (the company alone), gross premium income was ₹44,006.74 crore in the year to Mar 2026, against ₹41,153.95 crore a year earlier.1213
  • Standalone profit after tax rose 25.23% to ₹8,392.18 crore in the year to Mar 2026, and profit before tax rose 23.13% to ₹10,793.25 crore.14
  • On a standalone basis, the combined ratio (claims, commission and expenses as a share of earned premium) fell to 106.02% in the year to Mar 2026 from 108.81%, and the underwriting loss (the shortfall before investment income) fell 47.40% to ₹1,763.00 crore from ₹3,351.61 crore.15
  • In the quarter to Jun 2026, standalone gross premium income was ₹13,475.36 crore, against ₹12,388.01 crore a year earlier, and profit after tax was ₹1,922.04 crore. The solvency ratio (capital held against the regulator's minimum) was 4.32, against 3.85 a year earlier.161713

Market position

  • The company says it had about 52% of the gross reinsurance premium on Indian business written by itself and the 11 foreign reinsurers' branches in India in the year to Mar 2025.1819
  • Domestic general insurers make obligatory cessions to it (business they are required to reinsure with it) on every policy, and it reinsures every non-life insurer in India.2021
  • It reinsures 59 general and life insurers in India, and supports more than 23 Indian life insurers through treaties (whole books of policies) and facultative cover (single risks).2223

Revenue mix

  • Health was 21% of total gross premium in the year to Mar 2026. Indian insurers must pass on 4% of their health business to the company, and this makes up 62% of its health portfolio.24
  • Domestic fire and engineering gross premium rose 6.30% to ₹8,668.85 crore in the year to Mar 2026, with combined ratios of 99.86% for fire and 83.63% for engineering.25
  • Motor gross premium rose 18% to ₹7,496.87 crore in the year to Mar 2026, from ₹6,355.57 crore.26
  • Agriculture gross premium was ₹3,392.86 crore in the year to Mar 2026, against ₹3,263.05 crore, with 97.2% of it from India.27

Where revenue comes from

  • Business in India was around 75% of total premium income in the year to Mar 2026.28

Insurance pools

  • It manages the Indian Market Terrorism Risk Insurance Pool, whose capacity per location rose from ₹2,000 crore to ₹2,500 crore in the year to Mar 2026; it holds a 16.69% share and earns a 1% management commission.29
  • It formed the India Nuclear Insurance Pool with 11 domestic insurers to cover nuclear operators' liability; the pool's limit is ₹1,500 crore per accident, and the company holds a 40% share.30
  • It holds the largest share, 52.21%, of the Marine Cargo Pool for Excluded Territories, which insures Indian cargo shipments to and from Russia, Ukraine and Belarus.31

What the company expects

  • On its earnings call of 17 Aug 2026, the company said it has set a growth target of roughly 10%, varying between India and abroad and to be reviewed at mid-year, and expects faster growth abroad.32
  • The company said it targets a combined ratio of about 103 for its Indian book and 95 for its foreign book, the foreign target within 2 to 3 years.33
  • The company said its medium-term target is a 60/40 split between domestic and international business, with 50/50 a long-term goal.34

Recent events

  • In its exchange filing of 8 Oct 2026, the company said AM Best had affirmed its financial strength rating (its view of an insurer's ability to pay claims) at A- (Excellent), with a stable outlook.35
  • On 15 May 2026, the board approved in principle putting USD 49 million (about ₹469 crore) into the Labuan (Malaysia) branch to restore its solvency, subject to regulatory approvals.36
  • The Bharat Maritime Insurance Pool, managed by the company, was launched on 12 May 2026 to give war-risk cover to cargo with sums insured of up to ₹3,059.43 crore and to vessels up to ₹2,039.62 crore.373839
  • In its exchange filing of 1 Jan 2026, the company said CARE Ratings had reaffirmed its CARE AAA rating, with a stable outlook.40

Litigation and regulatory matters

  • In its exchange filing of 10 Apr 2026, the company said it had received an income-tax demand of ₹350.47 crore for assessment year 2023-24 (the tax year under review) and would appeal; its documents give no outcome.41
  • On a consolidated basis, disputed income-tax demands not provided for in the accounts totalled ₹26,16,640 lakh at the end of March 2026, against ₹25,08,519 lakh a year earlier.42
  • On a consolidated basis, 174 other legal matters were pending at the end of March 2026, with a contingent liability (a possible cost not provided for) of up to ₹15,857 lakh in 22 of them, against ₹603 lakh a year earlier.43

Last updated

All 43 sources, each with its page
  1. 1. Investor presentation, 15 Aug 2026, page 13
  2. 2. Investor presentation, 15 Aug 2026, page 11
  3. 3. Investor presentation, 15 Aug 2026, page 13
  4. 4. Annual report, 31 Aug 2026, page 73
  5. 5. Annual report, 31 Aug 2026, page 81
  6. 6. Annual report, 31 Aug 2026, page 30
  7. 7. Annual report, 31 Aug 2026, page 225
  8. 8. Annual report, 31 Aug 2026, page 356
  9. 9. Annual report, 31 Aug 2026, page 94
  10. 10. Investor presentation, 15 Aug 2026, page 13
  11. 11. Annual report, 31 Aug 2026, page 16
  12. 12. Annual report, 31 Aug 2026, page 10
  13. 13. Investor presentation, 15 Aug 2026, page 13
  14. 14. Annual report, 31 Aug 2026, page 10
  15. 15. Annual report, 31 Aug 2026, page 10
  16. 16. Earnings call, 17 Aug 2026, page 3
  17. 17. Earnings call, 17 Aug 2026, page 4
  18. 18. Investor presentation, 15 Aug 2026, page 13
  19. 19. Investor presentation, 15 Aug 2026, page 11
  20. 20. Investor presentation, 15 Aug 2026, page 11
  21. 21. Investor presentation, 15 Aug 2026, page 18
  22. 22. Investor presentation, 15 Aug 2026, page 13
  23. 23. Annual report, 31 Aug 2026, page 84
  24. 24. Annual report, 31 Aug 2026, page 77
  25. 25. Annual report, 31 Aug 2026, page 75
  26. 26. Annual report, 31 Aug 2026, page 76
  27. 27. Annual report, 31 Aug 2026, page 78
  28. 28. Annual report, 31 Aug 2026, page 10
  29. 29. Annual report, 31 Aug 2026, page 82
  30. 30. Annual report, 31 Aug 2026, page 83
  31. 31. Annual report, 31 Aug 2026, page 83
  32. 32. Earnings call, 17 Aug 2026, page 8
  33. 33. Earnings call, 17 Aug 2026, page 10
  34. 34. Earnings call, 17 Aug 2026, page 10
  35. 35. Exchange filing, 8 Oct 2026, page 1
  36. 36. Exchange filing, 15 May 2026, page 1
  37. 37. Annual report, 31 Aug 2026, page 79
  38. 38. Annual report, 31 Aug 2026, page 80
  39. 39. Annual report, 31 Aug 2026, page 16
  40. 40. Exchange filing, 1 Jan 2026, page 1
  41. 41. Exchange filing, 10 Apr 2026, page 1
  42. 42. Annual report, 31 Aug 2026, page 318
  43. 43. Annual report, 31 Aug 2026, page 322

Results

Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.General Insurance Corporation of India quarterly results

Gross premium growth, 12 months
+4.3%
Net profit growth, 12 months
+4.0%

Quarter to Jun 2026, against the quarter before

Gross premium
₹13,475 Cr
Net profit
₹1,922 Crdown 14.74%

Gross premium by quarter

₹8,413 CrSep 24₹9,968 CrDec 24₹10,367 CrMar 25₹12,388 CrJun 25₹9,602 CrSep 25₹10,987 CrDec 25₹11,030 CrMar 26₹13,475 CrJun 26
Peak gross premium ₹13,475 Cr, quarter to Jun 2026; lowest ₹8,413 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹1,861 CrSep 24₹1,621 CrDec 24₹2,183 CrMar 25₹1,752 CrJun 25₹2,867 CrSep 25₹1,519 CrDec 25₹2,254 CrMar 26₹1,922 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Gross premium8,4139,96810,36712,3889,60210,98711,03013,475
Net profit1,8611,6212,1831,7522,8671,5192,2541,922
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Fire₹12,156 Crup 1.81%29.7%
  • Health: group₹9,198 Crdown 2.71%22.5%
  • Motor₹7,543 Crup 17.24%18.4%
  • AGRICULTURE₹3,330 Crup 4.33%8.1%
  • LIFE₹2,426 Crup 32.66%5.9%
  • Engineering₹1,841 Crup 13.11%4.5%
  • OTHER MISCELLANEOUS₹1,237 Cr3.0%
  • Marine₹926 Crdown 2.62%2.3%
  • Liability₹804 Crup 25.92%2.0%
  • Personal Accident₹755 Crup 32.47%1.8%
  • Aviation₹375 Cr0.9%
  • FL/CREDIT₹280 Cr0.7%
  • Workmen Compensation₹34 Cr0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.General Insurance Corporation of India PE ratio and valuation

Price to earnings

At or below today's level on 26% of 1,239 trading days over the last 5 years.

LowestHighest
Its median8.06Industry median35.88
Price to book

At or below today's level on 18% of 2,051 trading days since Feb 2018.

LowestHighest
Its median1.25Industry median4.40
Dividend yield

At or below today's level on 86% of 2,166 trading days since Jan 2018.

LowestHighest
Its median2.26%Industry median0.54%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−10.2%+25.2%−31.2%3.7%
3 years+42.5%+10.0%+26.9%3.0%
5 years+15.6%+34.3%−16.1%2.9%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.General Insurance Corporation of India shareholding pattern

Shareholding by group

  • Promoters77.40%
  • Foreign institutions2.40%
  • Indian institutions17.71%
  • Individuals and others2.49%
Holder
PRESIDENT OF INDIAPromoter77.40%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies11.65%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.03 pts, Indian institutions −0.02 pts, mutual funds +0.04 pts.

Mutual fund holdings

90 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 63 of the 71 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 90 funds holding General Insurance Corporation of India

Bought for the first time
1
Bought again
1
Added
41
Cut
30
Held unchanged
15
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.General Insurance Corporation of India insider trading

Bought on the market Sold on the market
  • Promoters and promoter group0 purchases, 1 saleNo purchase₹3,094 CrNet−₹3,094 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

General Insurance Corporation of India competitors and peers

Insurance, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to General Insurance Corporation of India in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
SBI Life Insurance Company logoSBI Life Insurance CompanySBILIFE1,67,23862.988.14+16.9%+8.2%13.7%–0.16%
HDFC Life Insurance Company logoHDFC Life Insurance CompanyHDFCLIFE1,11,69354.535.74+17.8%+8.2%11.2%–0.41%
ICICI Lombard General Insurance Company logoICICI Lombard General Insurance CompanyICICIGI79,12930.974.40+14.3%−8.8%15.2%–0.88%
ICICI Life Insurance logoICICI Life InsuranceICICILIFE59,79133.984.09+15.2%+34.0%12.9%–0.40%
Max Financial Services logoMax Financial ServicesMFSL42,263–7.39+17.6%––4.1%0.00%
Star Health and Allied Insurance Company logoStar Health and Allied Insurance CompanySTARHEALTH30,56429.004.03–+97.7%14.4%–0.00%
The New India Assurance Company logoThe New India Assurance CompanyNIACL27,10037.781.11+10.5%−36.6%3.0%–0.91%
Go Digit General Insurance logoGo Digit General InsuranceGODIGIT24,24849.245.12+8.3%+6.6%11.0%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.General Insurance Corporation of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

14Mar 186.8Mar 19Mar 20Mar 21Mar 227.2Mar 2310Mar 2410Mar 2513Mar 26
Highest ₹13.50 a share, year to Mar 2018.
Ex-dateTypePer share
4 Sep 2026Final₹13.25
4 Sep 2025Final₹10.00
11 Sep 2024Final₹10.00
8 Sep 2023Final₹7.20
19 Jul 2019Final₹6.75
12 Jul 2018Final₹13.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.General Insurance Corporation of India announcements

General Insurance Corporation of India share price by year

Each calendar year to 2025.General Insurance Corporation of India share price history

YearClose at year endChangeHighest closeLowest close
2025380.80−14.3%464.90359.70
2024444.25+44.2%501.00303.70
2023308.05+72.3%323.05128.55
2022178.75+27.0%187.80110.20
2021140.80+1.2%227.30131.90
2020139.10−38.6%272.0085.75
2019226.40−12.6%317.65160.25
2018259.00−31.3%400.93255.65
2017376.85–437.15376.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 25 Oct 2017.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026323.80324.90321.60322.50322.982,21,62252.8%
26 Oct 2026321.65327.35316.00323.80323.456,34,78244.8%
23 Oct 2026319.95329.00309.20323.75321.749,68,99432.0%
22 Oct 2026326.60326.60318.30319.65322.382,02,72045.0%
21 Oct 2026327.20330.95321.20329.85327.196,30,42457.6%
19 Oct 2026326.60328.15320.10327.20324.993,98,69059.4%
16 Oct 2026325.60330.40320.25327.55324.287,33,22552.8%
15 Oct 2026321.95327.70318.05326.35324.935,78,24859.6%
14 Oct 2026320.60322.00312.55320.35316.186,50,23251.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
12 Jul 2018Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
Hitesh Rameshchandra Joshi
At the end of the quarter to Jun 2026
NSE symbol
GICRE
BSE code
540755
ISIN
INE481Y01014
Industry
Insurance
CIN
L67200MH1972GOI016133
Corporate identity number, the registrar of companies' code for it
Incorporated
1972
Registered office
Suraksha, 170 J Tata Road, Churchgate, Mumbai 400020, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments