General Insurance Corporation of India share price
NSE: GICREBSE: 540755InsuranceMid Cap
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
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹57,036 Cr162nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 6.41
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.93
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 4.08%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.8%
- SolvencySolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company. Solvency ratio in the glossary
- 4.32times the capital required
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. For the year to Mar 2026. For the whole group. Gross premium in the glossary
- ₹44,368 Cr
- Combined ratioCombined ratio. Claims plus expenses as a percentage of premium, as the general insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told. For the year to Mar 2026. For the whole group. Combined ratio in the glossary
- 104.66%
- Claims ratioClaims ratio. Claims incurred as a percentage of premium earned, as the general insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026. For the whole group. Claims ratio in the glossary
- 83.83%
- Expense ratioExpense ratio. The costs of running the insurance business, commission included, as a percentage of premium, as the insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026. For the whole group. Expense ratio in the glossary
- 1.10%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,19,83943.2% 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. Investor presentation, 15 Aug 2026, page 13
- 2. Investor presentation, 15 Aug 2026, page 11
- 3. Investor presentation, 15 Aug 2026, page 13
- 4. Annual report, 31 Aug 2026, page 73
- 5. Annual report, 31 Aug 2026, page 81
- 6. Annual report, 31 Aug 2026, page 30
- 7. Annual report, 31 Aug 2026, page 225
- 8. Annual report, 31 Aug 2026, page 356
- 9. Annual report, 31 Aug 2026, page 94
- 10. Investor presentation, 15 Aug 2026, page 13
- 11. Annual report, 31 Aug 2026, page 16
- 12. Annual report, 31 Aug 2026, page 10
- 13. Investor presentation, 15 Aug 2026, page 13
- 14. Annual report, 31 Aug 2026, page 10
- 15. Annual report, 31 Aug 2026, page 10
- 16. Earnings call, 17 Aug 2026, page 3
- 17. Earnings call, 17 Aug 2026, page 4
- 18. Investor presentation, 15 Aug 2026, page 13
- 19. Investor presentation, 15 Aug 2026, page 11
- 20. Investor presentation, 15 Aug 2026, page 11
- 21. Investor presentation, 15 Aug 2026, page 18
- 22. Investor presentation, 15 Aug 2026, page 13
- 23. Annual report, 31 Aug 2026, page 84
- 24. Annual report, 31 Aug 2026, page 77
- 25. Annual report, 31 Aug 2026, page 75
- 26. Annual report, 31 Aug 2026, page 76
- 27. Annual report, 31 Aug 2026, page 78
- 28. Annual report, 31 Aug 2026, page 10
- 29. Annual report, 31 Aug 2026, page 82
- 30. Annual report, 31 Aug 2026, page 83
- 31. Annual report, 31 Aug 2026, page 83
- 32. Earnings call, 17 Aug 2026, page 8
- 33. Earnings call, 17 Aug 2026, page 10
- 34. Earnings call, 17 Aug 2026, page 10
- 35. Exchange filing, 8 Oct 2026, page 1
- 36. Exchange filing, 15 May 2026, page 1
- 37. Annual report, 31 Aug 2026, page 79
- 38. Annual report, 31 Aug 2026, page 80
- 39. Annual report, 31 Aug 2026, page 16
- 40. Exchange filing, 1 Jan 2026, page 1
- 41. Exchange filing, 10 Apr 2026, page 1
- 42. Annual report, 31 Aug 2026, page 318
- 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 monthsGross premium growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +4.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +4.0%
Quarter to Jun 2026, against the quarter before
- Gross premium
- ₹13,475 Cr
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,922 Crdown 14.74%
Gross premium by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross premium | 8,413 | 9,968 | 10,367 | 12,388 | 9,602 | 10,987 | 11,030 | 13,475 |
| Net profit | 1,861 | 1,621 | 2,183 | 1,752 | 2,867 | 1,519 | 2,254 | 1,922 |
Year to Mar 2026, against the year before
- Gross premium
- ₹44,007 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,392 Crup 25.23%
Gross premium by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Gross premium | 41,799 | 44,238 | 51,030 | 47,014 | 43,208 | 36,592 | 37,182 | 41,154 | 44,007 |
| Net profit | 3,234 | 2,224 | −359 | 1,920 | 2,006 | 6,312 | 6,497 | 6,701 | 8,392 |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- FireFire, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12,156 Crup 1.81%29.7%
- Health: groupHealth: group, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹9,198 Crdown 2.71%22.5%
- MotorMotor, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹7,543 Crup 17.24%18.4%
- AGRICULTUREAGRICULTURE, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,330 Crup 4.33%8.1%
- LIFELIFE, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,426 Crup 32.66%5.9%
- EngineeringEngineering, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,841 Crup 13.11%4.5%
- OTHER MISCELLANEOUSOTHER MISCELLANEOUS, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,237 Cr3.0%
- MarineMarine, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹926 Crdown 2.62%2.3%
- LiabilityLiability, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹804 Crup 25.92%2.0%
- Personal AccidentPersonal Accident, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹755 Crup 32.47%1.8%
- AviationAviation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹375 Cr0.9%
- FL/CREDITFL/CREDIT, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹280 Cr0.7%
- Workmen CompensationWorkmen Compensation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹34 Cr0.1%
Valuation
Today, against the company's own history.General Insurance Corporation of India PE ratio and valuation
At or below today's level on 26% of 1,239 trading days over the last 5 years.
At or below today's level on 18% of 2,051 trading days since Feb 2018.
At or below today's level on 86% of 2,166 trading days since Jan 2018.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 41
- CutCut. Funds that held fewer shares than at the end of the month before.
- 30
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 15
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 1,21,62,617 | 0.48% | ₹402.8 Cr | |
| 1,08,62,162 | 0.71% | ₹359.7 Cr | |
| 1,05,51,615 | 1.69% | ₹349.4 Cr | |
| 80,02,755 | 0.46% | ₹265.0 Cr | |
| 69,36,518 | 0.64% | ₹229.7 Cr | |
| 41,50,000 | 2.16% | ₹137.4 Cr | |
| 33,27,425 | 1.77% | ₹110.2 Cr | |
| 16,19,348 | 0.83% | ₹53.6 Cr | |
| 11,63,525 | 2.20% | ₹38.5 Cr | |
| 10,50,000 | 1.65% | ₹34.8 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.General Insurance Corporation of India insider trading
- Promoters and promoter group0 purchases, 1 saleNo purchase₹3,094 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹3,094 Cr
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,67,238 | 62.98 | 8.14 | +16.9% | +8.2% | 13.7% | – | 0.16% | |
| 1,11,693 | 54.53 | 5.74 | +17.8% | +8.2% | 11.2% | – | 0.41% | |
| 79,129 | 30.97 | 4.40 | +14.3% | −8.8% | 15.2% | – | 0.88% | |
| 59,791 | 33.98 | 4.09 | +15.2% | +34.0% | 12.9% | – | 0.40% | |
| 42,263 | – | 7.39 | +17.6% | – | – | 4.1% | 0.00% | |
| 30,564 | 29.00 | 4.03 | – | +97.7% | 14.4% | – | 0.00% | |
| 27,100 | 37.78 | 1.11 | +10.5% | −36.6% | 3.0% | – | 0.91% | |
| 24,248 | 49.24 | 5.12 | +8.3% | +6.6% | 11.0% | – | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 4 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹13.25 |
| 4 Sep 2025 | Final | ₹10.00 |
| 11 Sep 2024 | Final | ₹10.00 |
| 8 Sep 2023 | Final | ₹7.20 |
| 19 Jul 2019 | Final | ₹6.75 |
| 12 Jul 2018 | Final | ₹13.50 |
Latest announcements
Routine notices left out.General Insurance Corporation of India announcements
Oct 2026
22 Oct · Meeting
8 Oct · Rating
1 Oct · Management
Sep 2026
General Insurance Corporation of India annual report, year to Mar 2026
General Insurance Corporation of India share price by year
Each calendar year to 2025.General Insurance Corporation of India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 380.80 | −14.3% | 464.90 | 359.70 |
| 2024 | 444.25 | +44.2% | 501.00 | 303.70 |
| 2023 | 308.05 | +72.3% | 323.05 | 128.55 |
| 2022 | 178.75 | +27.0% | 187.80 | 110.20 |
| 2021 | 140.80 | +1.2% | 227.30 | 131.90 |
| 2020 | 139.10 | −38.6% | 272.00 | 85.75 |
| 2019 | 226.40 | −12.6% | 317.65 | 160.25 |
| 2018 | 259.00 | −31.3% | 400.93 | 255.65 |
| 2017 | 376.85 | – | 437.15 | 376.85 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 323.80 | 324.90 | 321.60 | 322.50 | 322.98 | 2,21,622 | 52.8% |
| 26 Oct 2026 | 321.65 | 327.35 | 316.00 | 323.80 | 323.45 | 6,34,782 | 44.8% |
| 23 Oct 2026 | 319.95 | 329.00 | 309.20 | 323.75 | 321.74 | 9,68,994 | 32.0% |
| 22 Oct 2026 | 326.60 | 326.60 | 318.30 | 319.65 | 322.38 | 2,02,720 | 45.0% |
| 21 Oct 2026 | 327.20 | 330.95 | 321.20 | 329.85 | 327.19 | 6,30,424 | 57.6% |
| 19 Oct 2026 | 326.60 | 328.15 | 320.10 | 327.20 | 324.99 | 3,98,690 | 59.4% |
| 16 Oct 2026 | 325.60 | 330.40 | 320.25 | 327.55 | 324.28 | 7,33,225 | 52.8% |
| 15 Oct 2026 | 321.95 | 327.70 | 318.05 | 326.35 | 324.93 | 5,78,248 | 59.6% |
| 14 Oct 2026 | 320.60 | 322.00 | 312.55 | 320.35 | 316.18 | 6,50,232 | 51.1% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 12 Jul 2018 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
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
- Website
- www.gicofindia.com
- 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