General Insurance Corporation of India share price target and research reports

Name: Latest research reports of General Insurance Corporation of India authored by HDFC Securities and published by - Trendlyne research reports.
Item: General Insurance Corporation of India
Rating: 5
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for GICRE, BSE:540755 General Insurance Corporation of India

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General Insurance Corporation of India

12 Mar 2020

386.65

1.34%

GIC Reinsurance (Update): Difficult path ahead. Maintain BUY

Buy: General Insurance Corporat...

Recommendation Target

HDFC Securities

We rate GICRE a BUY with a TP of Rs 270. We recently met with the management of GICRE and are hopeful that the steps taken- increase in insurance rates for property, and expected lower crop insurance in FY21E, will reduce combined ratios.

Number of FII/FPI investors increased from 164 to 172 in Mar 2025 qtr.

General Insurance Corporation of India

12 Feb 2020

386.65

1.34%

GIC Reinsurance (3QFY20): Darkest before dawn. Maintain NEUTRAL

Neutral: General Insurance Corporat...

Target

HDFC Securities

GICRE is India's largest reinsurer but continues to make high underwriting losses (9M COR: 116%). While price hikes in property will improve underwriting profits, high proportion of crop business will add to volatility. We estimate an FY22E adj. RoE at 9.9%, and thus value GICRE at 0.9x Dec-21E ABV less 5% discount. We rate GICRE a NEUTRAL with a TP of Rs 264. Higher losses in agriculture and property led to increased claims ratio i.e. 107.0%, +2,379/-274bps YoY/QoQ; this resulted in highest (since listing) underwriting losses of Rs 27.4bn. 3QFY20 reported loss was at Rs 10.4bn!

General Insurance Corporation of India is trading below all available SMAs

General Insurance Corporation of India

13 Nov 2019

386.65

1.34%

GIC Reinsurance (2QFY20): High claims ratio disappoints. Downgrade to NEUTRAL

Neutral: General Insurance Corporat...

HDFC Securities

GICRE is India's largest reinsurer but continues to make high underwriting losses mainly in its foreign operations (1H:125%). We thus remain concerned of company's plans to increase foreign business. We estimate an FY22E adj. RoE of just 10.0%, and with stable growth we can at best assign a valuation of just 0.8x Sep-21E ABV. Given recent run up in price, we downgrade the stock to NEUTRAL with an unchanged TP of Rs 250 (0.8x Sep-21E ABV). GICREs 2QFY20 saw a NEP increase 7.5% YoY to Rs 118.6bn; COR (calc.) declined 208bps YoY to 125.1%. High COR in foreign operations is a concern, as GICRE failed yet again to meet its guidance of lower COR.

Number of FII/FPI investors increased from 164 to 172 in Mar 2025 qtr.

General Insurance Corporation of India

13 Jul 2018

386.65

1.34%

MANAGEMENT MEET NOTE - GIC RE

Not Rated: General Insurance Corporat...

Chola Wealth Direct

Background: GIC Re offers reinsurance services in businesses such as fire (property), marine, motor, engineering, agriculture, aviation, health, liability, credit and financial liability, and life insurance. The company had a monopoly for 16 years until the insurance market was open to foreign reinsurance players. Its only Indian competitor is ITI Reinsurance Ltd (unlisted), which commenced its operations earlier this year. With over 44 years of experience in the insurance industry, its management has created a strong balance sheet with diversified revenue streams & investments generating effective yields. It also has a robust and comprehensive risk management framework. The...

General Insurance Corporation of India is trading below all available SMAs

General Insurance Corporation of India

11 Oct 2017

386.65

1.34%

IPO Note - General Insurance Corporation of India Ltd

IPO Note: General Insurance Corporat...

HDFC Securities

Issue Open: October 11 - October 13 2017, Price Band: Rs. 855 - 912 (A discount of Rs 45 is offered to investors in retail Category and to the Eligible Employees) Issue Size: 124,700,000 Equity Shares (Fresh Issue of 17,200,000 eq sh. Offer for sale of 107,500,000 eq sh) Offer Size: Rs.10661 - 11372 crs Issue Open: October 11 - October 13 2017

General Insurance Corporation of India is trading below all available SMAs

General Insurance Corporation of India

11 Oct 2017

386.65

1.34%

IPO Update - General Insurance Corporation of India

IPO Note: General Insurance Corporat...

Choice India

In terms of gross premiums accepted in FY17, General Insurance Corporation of India (GIC) is the largest reinsurance company in India, and it accounted for approximately 60% of the premiums ceded by Indian insurers to reinsurers. The company is also an...

General Insurance Corporation of India is trading below all available SMAs

General Insurance Corporation of India

11 Oct 2017

386.65

1.34%

BP Equities IPO Note General Insurance Corporation

IPO Note: General Insurance Corporat...

BP Wealth

Incorporated in 1972, General Insurance Corporation of India (GIC) is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/ spares-fixed wing, liability, aviation treatyhull, spares and liability insurance products. They also offer cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance. They offer reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd's of London and a subsidiary in South Africa. Objectives of issue: The issue consists of an offer for sale of 107.5 million shares and a fresh...

Number of FII/FPI investors increased from 164 to 172 in Mar 2025 qtr.

General Insurance Corporation of India

10 Oct 2017

386.65

1.34%

GENERAL INSURANCE CORPORATION- NOTE ON IPO

IPO Note: General Insurance Corporat...

Chola Wealth Direct

General Insurance Corporation of India is trading below all available SMAs

General Insurance Corporation of India

10 Oct 2017

386.65

1.34%

IPO Note:General Insurance Corporation of India Ltd. (GIC) - 10 October 2017

IPO Subscribe: General Insurance Corporat...

Way2Wealth

General Insurance Corporation of India (GIC) is the largest reinsurance company in India in terms of gross premium accepted in FY17, and accounted for approximately 60% of the premiums ceded by Indian insurers to reinsurers during FY17, according to CRISIL Research. GIC is also an international reinsurer that underwrote business from 161 countries as at June 30, 2017. According to CRISIL Research, GIC was ranked as the 12th largest global reinsurer in 2016 and 3rd largest Asian reinsurer in 2015, in terms of gross premium accepted. GIC provides reinsurance across many key business lines including fire (property), marine, motor, engineering, agriculture, aviation/space, health, liability, credit and financial and life insurance. Its net...

General Insurance Corporation of India is trading below all available SMAs

Is General Insurance Corporation of India worth buying?

447 Votes:

Buy 77.85%

Sell 12.98%

Hold 9.17%