Conference Call with General Insurance Corporation of India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
General Insurance company General Insurance Corporation of India announced H1FY25 results Standalone Financial Highlights: Gross Premium Income of the company was Rs 20,819.16 crore for the H1FY25 as compared to Rs 19,679.85 crore for the H1FY24. Underwriting Loss is Rs 2,376.95 crore for the H1FY25 as compared to Rs 3,029.04 crore for the H1FY24. Investment Income is Rs 6,242.32 crore for the H1FY25 as compared to Rs 5,825.38 crore for the H1FY24. Solvency Ratio is 3.42 as on 30.09.2024 as compared to 2.82 as on 30.09.2023. The company recorded Profit Before Tax of Rs 3,674.29 crore for the H1FY25 as compared to Profit Before Tax of Rs 2,782.78 crore for the H1FY24. Profit After Tax for the H1FY25 recorded as Rs 2,897.12 crore as compared to Profit After Tax of Rs 2,336.87 crore for the H1FY24. Total Assets are Rs 1,94,881.75 crore as on 30.09.2024 as compared to Rs 1,67,640.89 crore as on 30.09.2023. Net Worth of the company (without fair value change account) recorded at Rs 39,481.33 crore on 30.09.2024 as against Rs 33,266.61 crore as on 30.09.2023. Net Worth of the company (including fair value change account) recorded as Rs 90,917.70 crore on 30.09.2024 as against Rs 71 ,376.53 crore as on 30.09.2023. Combined Ratio is 111.64 % for the H1FY25 as against 116.98 % for the H1FY24. Adjusted Combined Ratio is 88.86% for the H1FY25 as against 93.63% for the H1FY24. Consolidated Financial Highlights: Consolidated Gross Premium Income of the company was Rs 21,103.51 crore for the H1FY25 as compared to Rs 19,962.02 crore for the H1FY24. Investment Income of the group was Rs 6,280.37 crore for the H1FY25 as compared to Rs 5,859.85 crore for the H1FY24. Consolidated Profit Before Tax for the H1FY25 was Rs 3,777.05 crore as compared to Profit Before Tax of Rs 3,008.94 crore for the H1FY24. Consolidated Profit After Tax for H1FY25 was Rs 3,256.36 crore as compared to Profit After Tax of Rs 2,666.60 crore for the H1FY24. Incurred claims Ratio is 91.06% for the H1FY25 as compared to 95.72% for the H1FY24. Group's net worth (without fair value change account) for the H1FY25 is Rs 43,029.24 crore as compared to Rs 36,498.86 crore for the H1FY24. Result PDF
General Insurance company General Insurance Corporation of India announced Q1FY25 results: Gross Premium Income of the company was Rs 12,405.68 crore for the quarter ended 30.06.2024 as compared to Rs 8,917.71 crore for the quarter ended 30.06.2023. Underwriting Loss is Rs 1,288.53 crore for the quarter ended 30.06.2024 as compared to Rs 1,557.44 crore for the quarter ended 30.06.2023. Investment Income is Rs 2,758.99 crore for quarter ended 30.06.2024 as compared to Rs 2,559.31 crore for the quarter ended 30.06.2023. Solvency Ratio is 3.36 as on 30.06.2024 as compared to 2.88 as on 30.06.2023 . . The company recorded Profit Before Tax of Rs 1,393.16 crore for the quarter ended 30.06.2024 as compared to Profit Before Tax of Rs 935.18 crore for the quarter ended 30.06.2023. Profit After Tax for the quarter ended 30.06.2024 recorded as Rs 1,036.36 crore as compared to Profit After Tax of Rs 731.79 crore for the quarter ended 30.06.2023. Total Assets are Rs 1,86,552.46 crore as on 30.06.2024 as compared to Rs 1,63,928.08 crore as on 30.06.2023. Net Worth of the company (without fair value change account) recorded at Rs 38,635.23 crore on 30.06.2024 as against Rs 32,984.27 crore as on 30.06.2023. Net Worth of the company (including fair value change account) recorded as Rs 85,926.02 crore on 30.06.2024 as against Rs 69,650.29 crore as on 30.06.2023. Combined Ratio is 109.60 % for the quarter ended 30.06.2024 as against 118.47 % for the quarter ended 30.06.2023. Adjusted Combined Ratio is 92.97% for the quarter ended 30.06.2024 as against 95.97% for the quarter ended 30.06.2023. Result PDF
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