Stock GENERAL INSURANCE CORPORATION OF INDIA
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Inactive Instrument

Company General Insurance Corporation of India NSE India S.E.

Equities

Reinsurance

End-of-day quote NSE India S.E.
Other stock markets
- INR - Intraday chart for General Insurance Corporation of India
Apr. 19 India govt open to selling stake in GIC Re, LIC in FY24/25, says source RE
Apr. 15 General Insurance Corporation of India Announces Chief Financial Officer Changes CI

Business Summary

General Insurance Corporation of India is an India-based global reinsurance solutions provider. The Company is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. The Company is engaged in domestic and international business. In the domestic business, the Company provides reinsurance to the direct general insurance companies in the Indian market. It provides various class of business, such as fire, motor, aviation, engineering, health, agriculture, marine hull, marine cargo and life, among others. The Company's health portfolio comprises mostly of obligatory cessions and domestic proportional business, some selective COVID-19 treaties and government mass schemes, besides business written by the foreign branches. The Company provides support to Indian life insurance companies through both treaty and facultative reinsurance.

Sales per Business

INR in Million2022Weight2023Weight Delta
Fire
31.8 %
110,996 28.2 % 113,799 31.8 % +2.53%
Motor
21.9 %
91,393 23.3 % 78,595 21.9 % -14.00%
Agriculture
14.7 %
66,638 17.0 % 52,554 14.7 % -21.13%
Health
12.8 %
48,448 12.3 % 45,819 12.8 % -5.43%
Life
4.3 %
12,901 3.3 % 15,334 4.3 % +18.86%
Engineering
3.7 %
11,692 3.0 % 13,109 3.7 % +12.11%
Marine Cargo
2.3 %
12,392 3.2 % 8,254 2.3 % -33.39%
Liability
2.0 %
7,182 1.8 % 7,166 2.0 % -0.22%
Other Miscellaneous
1.8 %
6,519 1.7 % 6,525 1.8 % +0.09%
Marine Hull
1.6 %
9,531 2.4 % 5,621 1.6 % -41.03%
PA
1.2 %
5,798 1.5 % 4,461 1.2 % -23.07%
Aviation
1.1 %
6,003 1.5 % 3,988 1.1 % -33.56%
FL/Credit
0.7 %
3,017 0.8 % 2,490 0.7 % -17.48%
Workmens' Compensation
0.1 %
423 0.1 % 366 0.1 % -13.65%

Sales per region

INR in Million2022Weight2023Weight Delta
India
65.7 %
248,263 63.2 % 235,125 65.7 % -5.29%
Foreign
34.3 %
144,671 36.8 % 122,955 34.3 % -15.01%

Managers

Managers TitleAgeSince
Ramaswamy Narayanan CEO
 Chief Executive Officer 59 -
Jayashree Ranade DFI
 Director of Finance/CFO - 87-12-31
Radhika Ravishekar CIO
 Chief Investment Officer - 87-12-31
Suresh Kanubhai Savaliya CMP
 Compliance Officer - Dec. 10
Rajesh Khadatare SAM
 Sales & Marketing - 22-04-05
Modha Poojary PRN
 Corporate Officer/Principal - 87-03-31
Balkrishna Variar PRN
 Corporate Officer/Principal - 21-08-02
Jayashri Balkrishna PRN
 Corporate Officer/Principal 56 88-06-30

Members of the board

Members of the board TitleAgeSince
Arumugam Manimekhalai BRD
 Director/Board Member - 20-03-11
Maruthi Prasad Tangirala BRD
 Director/Board Member 58 23-01-04
Ramaswamy Narayanan CEO
 Chief Executive Officer 59 -
T. Sivakumar BRD
 Director/Board Member - 21-12-20
Priya Bhushan Sharma BRD
 Director/Board Member - 22-03-21
Vinita Kumari BRD
 Director/Board Member 43 23-03-23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,754,400,000 249,400,000 ( 14.22 %) 0 14.22 %

Shareholders

NameEquities%Valuation
Government of India
85.78 %
1,505,000,000 85.78 % 5 954 M ₹
Life Insurance Corporation of India (Investment Portfolio)
8.656 %
151,852,518 8.656 % 601 M ₹
Bank of India Investment Managers Pvt Ltd.
0.0442 %
775,858 0.0442 % 3 M ₹
HSBC Asset Management (India) Pvt Ltd.
0.0268 %
469,585 0.0268 % 2 M ₹
Research Affiliates LLC
0.0246 %
430,740 0.0246 % 2 M ₹
Mirae Asset Investment Managers (India) Pvt Ltd.
0.0235 %
411,774 0.0235 % 2 M ₹
Bandhan Asset Management Co. Ltd.
0.0153 %
268,236 0.0153 % 1 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
0.0128 %
224,761 0.0128 % 889 181 ₹
State Street Global Advisors Ltd.
0.0118 %
206,262 0.0118 % 815 997 ₹
Motilal Oswal Asset Management Co. Ltd.
0.0117 %
204,711 0.0117 % 809 861 ₹

Holdings

NameEquities%Valuation
SANOFI INDIA LIMITED
1.53%
 351,357 1.53% 34,200,461 $
BHARAT BIJLEE LIMITED
1.90%
 107,098 1.90% 8,230,441 $

Company contact information

General Insurance Corporation of India

Suraksha 170 Jamshedji Tata Road

400020, Mumbai

+91 22 2286 7000

http://www.gicre.in
address General Insurance Corporation of India

Group companies

NameCategory and Sector
GIC Perestrakhovanie LLC

Sector

Financials
Insurance
Insurance
Reinsurance
Other Reinsurance

Sales per Business

Sales per region

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