General Insurance Corporation of India News and Updates

General Insurance Corporation of India announced Q4FY22 results: Gross Premium Income of the company was Rs 43,208.46 crore for the year ended 31.03.2022 as compared to Rs 47,014.38 crore for the year ended 31.03.2021. Underwriting Loss is Rs 4,266.11 crore for the year ended 31.03.2022 as compared to Rs 5,488.45 crore for the year ended 31.03.2021. Investment Income is Rs 9,562.29 crore for year ended 31.03.2022 as compared to Rs 8,820.86 crore for the year ended 31.03.2021. Solvency Ratio is 1.96 as on 31.03.2022 as compared to 1.74 as on 31.03.2021. The company recorded Profit Before Tax of Rs 3,560.14 crore for the year ended 31.03.2022 as compared to Profit Before Tax of Rs 3,163.38 crore for the year ended 31.03.2021. Profit After Tax for the year ended 31.03.2022 recorded as Rs 2,005.74 crore as compared to Profit After Tax of Rs 1,920.44 crore for the year ended 31.03.2021. Total Assets are Rs 144,887.37 crore as on 31.03.2022 as compared to Rs 1,34,661.22 crore as on 31.03.2021. Net Worth of the company (without fair value change account) recorded at Rs 24,439.72 crore on 31.03.2022 as against Rs 22,452.34 crore as on 31.03.2021. Net Worth of the company (including fair value change account) recorded as Rs 55,657.73 crore on 31.03.2022 as against Rs 49,643.19 crore as on 31.03.2021. Combined Ratio is 112.08 % for the year ended 31.03.2022 as against 112.03 % for the year ended 31.03.2021. Adjusted Combined Ratio is 93 .11 % for the year ended 31.03.2022 as against 95 .85 % for the year ended 31.03.2021. The Board of Directors of the Company have declared interim dividend at the rate of Rs 2.25 per equity share (on face value of Rs 5/- each) and 8th June 2022 has been fixed as record date for payment of interim dividend. Result PDF

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General Insurance Corporation of India News and Updates

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