General Insurance Corporation of India
General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)
What General files
- Others72
- Investor Meet29
- Important12
- Updates10
- PPTs9
- Board Meeting8
GICRE's Board proposed a Rs. 13.25/share dividend for FY26, pending shareholder nod. Dividend income is now taxable, with tax deducted at source. Shareholders must submit relevant documents by Sep 7th to optimize tax withholding.
GIC Re's standalone Q1 PAT rose 9.69% to ₹1,922 Cr, with Gross Premium up 8.8%. Incurred claims ratio improved to 85.04% and solvency ratio strengthened to 4.32. Domestic business, especially Life and Health, drove premium growth. Consolidated PAT declined.
GIC RE: Mr. Sanjeeb Mishra will not join as Company Secretary. Mr. Satheesh Kumar will continue as the Company Secretary, Compliance Officer, and Key Managerial Personnel.
GICRE advises shareholders to claim FY2018-19 unclaimed dividends and associated shares. Funds and shares will be transferred to the IEPF Authority if not claimed by October 1, 2026. Act fast to retain your assets.
GIC Re reported robust nine-month performance: PAT soared 35.84% to ₹6,137.94 Cr, PBT 34.06% to ₹7,833.23 Cr. Underwriting loss significantly reduced by 37.58% to ₹1,847.32 Cr due to improved ratios. Note: Catastrophic Reserve provisioning is now quarterly, impacting reported profits.