General Insurance Corporation of India

About General Insurance Corporation of India

General Insurance Corporation of India (GICRE) is India's largest reinsurance company, holding the dominant position as the 'National Reinsurer'. It provides reinsurance across various non-life and life segments to direct insurers in India and globally. GICRE plays a pivotal role in supporting the Indian insurance market and expanding its international footprint.

Key Financial Ratios of General Insurance Corporation of India

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. General Insurance Corporation of India's P/E ratio (TTM) is 7.42, compared to the industry median of 36.22 and large cap median of 28.18.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. General Insurance Corporation of India's P/B ratio is 0.88, compared to the industry median of 3.73 and large cap median of 3.44.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. General Insurance Corporation of India's P/S ratio is 1.19, compared to the industry median of 2.07 and large cap median of 1.86.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. General Insurance Corporation of India's PEG ratio is 1.20.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. General Insurance Corporation of India's EV/EBITDA ratio is 3.03.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. General Insurance Corporation of India's ROE is 13.71%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. General Insurance Corporation of India's ROA is 4.91%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. General Insurance Corporation of India's ROCE is 17%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. General Insurance Corporation of India's operating margin is 19.05%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. General Insurance Corporation of India's net margin is 18.24%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. General Insurance Corporation of India's current ratio is 0.42.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. General Insurance Corporation of India's debt-to-equity ratio is 0.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. General Insurance Corporation of India's interest coverage ratio is 9106.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. General Insurance Corporation of India's DPS is ₹9.91.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. General Insurance Corporation of India's EPS is 30.03.

(Source line: "Ratios as of 20 Oct 2026, based on last traded price of ₹354.75. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1972

• Headquarters: Mumbai, Maharashtra

• Core Offerings: Treaty Reinsurance, Facultative Reinsurance, Life Reinsurance, Non-Life Reinsurance

• Stock Listing: NSE (GICRE), BSE (540755)

• Promoter: Government of India

History of General Insurance Corporation of India

General Insurance Corporation of India was incorporated on November 22, 1972, under the General Insurance Business (Nationalisation) Act, 1972, to supervise and control the general insurance business in India. It began its reinsurance operations on January 1, 1973. Following insurance sector reforms in 2000-2002, GIC Re was restructured to become the sole national reinsurer of India. In 2017, GIC Re successfully launched its Initial Public Offering (IPO), listing on both NSE and BSE, while remaining majority-owned by the Government of India. Over the years, it has expanded its global presence, operating through branches, subsidiaries, and joint ventures in key international markets.

Business Segments and Revenue Mix

• Reinsurance Business within India: Caters to the reinsurance needs of all general insurance companies operating in India, covering property, marine, aviation, motor, health, liability, and agriculture segments. It leverages its deep understanding of the domestic market and regulatory framework.

• Reinsurance Business outside India: Diversifies its portfolio geographically by accepting reinsurance business from various countries across Asia, Africa, Middle East, and Latin America. This segment focuses on building global partnerships and expanding its international footprint in key markets.

Key Personnel

Ms. Rama B. Gandu - Chairman & Managing Director (Officiating). Ms. Gandu is a seasoned insurance professional with extensive experience in the general insurance and reinsurance sectors.

Subsidiaries and Associate Companies

• GIC Re South Africa Ltd.

• GIC Re (UK) Ltd.

• GIC Re (Bhutan) Ltd.

• GIC Reindia Branch (Dubai)

Corporate Actions

Initial Public Offering (IPO) in October 2017, raising approximately ₹11,370 crore.

References

1. Annual Report FY23
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement