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
General Insurance Corporation of India announced 9MFY24 results: Gross Premium Income was Rs 28,458.11 crore for 9MFY24 compared to Rs 29,221.85 crore for 9MFY23. Underwriting Loss is Rs 4,576.63 crore for 9MFY24 compared to Rs 3,233.80 crore for 9MFY23. Investment Income is Rs 8,648.92 crore for 9MFY24 compared to Rs 7,696.79 crore for 9MFY23. Solvency Ratio is 2.94 as of December 31, 2023, compared to 2.38 as of December 31, 2022. The company recorded a Profit Before Tax of Rs 4,706.58 crore for 9MFY24 compared to a Profit Before Tax of Rs 4,745.17 crore for 9MFY23. Profit After Tax for 9MFY24 was Rs 3,854.82 crore, compared to Profit After Tax of Rs 3,748.66 crore for 9MFY23. Total Assets are Rs 1,74,882.51 crore as of December 31, 2023, compared to Rs 1,58,526.70 crore as of December 31, 2022. Net Worth of the company (without fair value change account) recorded at Rs 35,031.89 crore on December 31, 2023, compared to Rs 29,761.80 crore as on December 31, 2022. The Net Worth of the company (including the fair value change account) was recorded as Rs 77,626.89 crore on December 31, 2023, compared to Rs 63,556.21 crore as of December 31, 2022. Combined Ratio is 117.99% for 9MFY24 compared to 114.68% for 9MFY23. Adjusted Combined Ratio is 94.43% for 9MFY24 compared to 93.63% for 9MFY23. Result PDF
General Insurance Corporation of India announced Q1FY24 results: Gross Premium Income of Rs 8,917.71 crore for Q1FY24 as compared to Rs 11,021.83 crore for Q1FY23. Underwriting Loss is Rs 1,557.44 crore for Q1FY24 as compared to Rs 776.29 crore for Q1FY23. Investment Income is Rs 2,454.94 crore for Q1FY24 as compared to Rs 1,890.43 crore for Q1FY23. Solvency Ratio is 2.88 as on June 30, 2023, as compared to 2.14 as on June 30, 2022. The company recorded Profit Before Tax of Rs 935.18 crore for Q1FY24 compared to Rs 988.71 crore for Q1FY23. Profit After Tax for Q1FY24 recorded as Rs 731.79 crore as compared to Rs 689.72 crore for Q1FY23. Total Assets are Rs 1,64,258.75 crore as on June 30, 2023, as compared to Rs 1,46,178.09 crore as on June 30, 2022. Net Worth of the company (without fair value change account) recorded at Rs 32,984.27 crore on June 30, 2023, as against Rs 26,345.14 crore as on June 30, 2022. Net Worth of the company (including fair value change account) was recorded as Rs 69,650.29 crore on June 30, 2023, as against Rs 55,341.65 crore as on June 30, 2022. Combined Ratio is 118.47% for Q1FY24 as against 110.97% for Q1FY23. Adjusted Combined Ratio is 97.24% for Q1FY24 as against 97.01% for Q1FY23. Result PDF