General Insurance Corporation of India News, Corporate filings and Earnings/Conference Calls

General Insurance company General Insurance Corporation of India announced Q4FY24 & FY24 results: Gross premium income of the company was Rs 37,181.76 crore for the year ended March 31, 2024, as compared to Rs 36,591.59 crore for the year ended March 31, 2023. Underwriting Loss is Rs 4,006.56 crore for the year ended March 31, 2024, as compared to Rs 2,341.37 crore for the year ended March 31, 2023. Investment Income is Rs 11,620.40 crore for year ended March 31, 2024, as compared to Rs 10,594.00 crore for the year ended March 31, 2023. Solvency Ratio is 3.25 as of March 31, 2023 as compared to 2.61 as on 31.03.2023. The company recorded Profit Before Tax of Rs 7,877.93 crore for the year ended 31.03.2024 as compared to Profit Before Tax tax of Rs 7,749.44 crore for the year ended March 31, 2023. Profit After Tax for the year ended March 31, 2024, was recorded as Rs 6,497.30 crore as compared to Profit After Tax of Rs 6312.50 crore for the year ended March 31, 2023. Total Assets are Rs 1,78,285.82 crore as of March 31, 2024, as compared to Rs 1,57,124.60 crore as of March 31, 2023. Net Worth of the company (without fair value change account) was recorded at Rs 37,581.78 crore on March 31, 2024, as against Rs 32,356.08 crore on March 31, 2023. Net Worth of the company (including fair value change account) recorded as Rs 81,330.25 crore on March 31, 2024, as against Rs 63,749.61 crore on March 31, 2023. Combined ratio is 111.82% for the year ended March 31, 2024, as against 109.31% for the year ended March 31, 2023. Adjusted Combined Ratio is 88.02% for the year ended March 31, 2024, as against 86.96% for the year ended March 31, 2023. Result PDF

28.27% Fall from 52W High

General Insurance Corporation of India News, Corporate filings and Earnings/Conference Calls

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