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GICRE · NSE · General Insurance

General Insurance Corporation of India

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
cheap low confidence No valuation within 120 days; P/E 6.2 vs peers 51.2 (1st of 10); P/B 0.98 vs peers 5.1 (2nd of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is General Insurance Corporation of India's share price today?

General Insurance Corporation of India last traded at ₹316.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.1% on the day, down 18.8% over a year. Its 52-week range is ₹308 to ₹418. The live price is in the app.

₹316.20 +1.1% today
−18.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range7% of the way up
Low ₹308High ₹418

What is General Insurance Corporation of India's market cap?

General Insurance Corporation of India's market capitalisation is about ₹54,843 crore: what it would cost to buy every share at today's price. That makes it the 87th largest mid cap company we cover.

₹54,843 Cr Mid Cap87th largest mid cap company
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: GICRE
ISIN
INE481Y01014
Cap bucket
Mid Cap, 87th largest by market cap
Industry (NSE)
Financial Services › Insurance › General Insurance
Listed since
2017
Futures and options
Not traded

Is General Insurance Corporation of India overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.2 vs peers 51.2 (1st of 10); P/B 0.98 vs peers 5.1 (2nd of 10).

Valuation

Latest price and trailing 12 months
P/E 6.18
vs peers 51.2 · 1st of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 0.98
vs peers 5.1 · 2nd of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹54,843 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 3.6%
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 3.43
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.52
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is General Insurance Corporation of India a quality business?

WATCH on 8 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
8 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: latest typed accounts older than two years; nothing computed from them; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income Not available
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets Not available
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Has General Insurance Corporation of India made money for shareholders?

Mixed: −18.8% over one year and +18.0% a year over five years.

Shareholder returns

1-year return −18.8%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +18.0% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−2.0%
1M
−7.6%
3M
−14.3%
6M
−19.7%
1Y
−18.8%
3Y
+13.2%
5Y
+18.0%

Does General Insurance Corporation of India pay a dividend?

Yes. General Insurance Corporation of India's dividend yield is 3.65% at the latest price; the last payout was ₹13.25 a share, ex-dividend 4 Sep 2026.

Dividends

Per share, by ex-dividend date
Dividend yield3.65%
The past 12 months' dividends as a share of today's price.
4 Sep 2026 · Final₹13.25
4 Sep 2025 · Final₹10.00
11 Sep 2024 · Final₹10.00
8 Sep 2023 · Final₹7.20
7 Jun 2022 · Interim₹2.25
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is General Insurance Corporation of India growing?

Revenue 3 years 4.4% a year; eps 3 years 11.8% a year; revenue 5 years 1.8% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 4.4% a year
vs peers 12.8% · 10th of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 11.8% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 1.8% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years 37.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did General Insurance Corporation of India do last quarter?

General Insurance Corporation of India reported income of ₹14,572 Cr, up 6.8% on a year earlier and a net profit of ₹1,621 Cr, up 29.1% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹14,572 Cr
+6.8% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹1,621 Cr
+29.1% on a year earlier
What was left for shareholders after every cost and tax.

How does General Insurance Corporation of India compare with its peers?

Compared with 9 Insurance (the industry, as the basic industry was too small); 1st of 10 on P/E.

Compared with 9 Insurance (the industry, as the basic industry was too small)

9 companies

General Insurance Corporation of India against its peers

Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
General Insurance Corporation of India₹54,843 Cr6.21.017.0%−18.8%
SBI Life Insurance Company Ltd₹1.7 L Cr65.09.313.8%−7.2%
HDFC Life Insurance Company Ltd₹1.2 L Cr60.87.211.6%−25.4%
ICICI Lombard General Insurance Company Ltd₹84,450 Cr34.65.117.8%−7.8%
ICICI Prudential Life Insurance Company Ltd₹66,837 Cr39.64.810.1%−22.4%
Max Financial Services Ltd₹45,200 Cr409.37.6—−18.5%
Star Health & Allied Insurance Company Ltd₹32,498 Cr38.53.57.6%+15.1%
New India Assurance Company Ltd₹26,736 Cr34.70.76.1%−15.1%
Go Digit General Insurance Ltd₹25,243 Cr51.26.511.8%−24.1%
Niva Bupa Health Insurance Company Ltd₹14,359 Cr81.73.43.0%+0.6%
Peer median—51.25.110.8%−15.1%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns General Insurance Corporation of India?

General Insurance Corporation of India is held by promoters 77.4%, foreign institutions 2.4%, domestic institutions 17.7%.

Shareholding pattern

Latest filing, percent of shares
Promoters77.4%
The founders and controlling group.
Foreign institutions2.4%
Overseas funds investing through the FPI route.
Domestic institutions17.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds3.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.7%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about General Insurance Corporation of India?

6 analysts cover General Insurance Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

6 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does General Insurance Corporation of India do and what is it sensitive to?

GIC Re is a reinsurance and risk solutions provider that primarily works with insurance and reinsurance companies and brokers in India and worldwide. Sensitive to: weather-related catastrophe frequency and severity.

Business-model card

FY2026 · 38 verified
2Revenue
3Channels
4Regulators
5Reg. dependencies
4Sensitivities
3Costs
4Geographies

GIC Re is a reinsurance and risk solutions provider that primarily works with insurance and reinsurance companies and brokers in India and worldwide. Its turnover is recorded as gross premium, and its subsidiary GIC RE India Corporate Member Limited underwrites through the Lloyd's insurance market in the UK.

Revenue engine

2 verified
Reinsurance (NIC 6520), 100% of turnover (100.0%)
Turnover is recorded as gross premium, so revenue is the premium written on reinsurance business. Interpretation: income is premium-based, not fee-based.
Subsidiary GIC RE India Corporate Member Limited: Lloyd's syndicate underwriting
Subsidiary writes its insurance business through Lloyd's syndicates. Interpretation: its results depend on syndicate underwriting, and the parent reinsures its underwriting business.

Customers & channels

3 verified
Insurance and reinsurance companies and brokers (primary customers)
These are the primary customers of the reinsurance business, which the company serves in India and worldwide.
MGAs, claim adjusters and modelling vendors as value-chain partners
These are value-chain partners the company interacts with, in addition to its primary customers.
Cedents and brokers engaged for business procurement
Company engages cedents and brokers for business procurement, conversion and servicing to build long-term relationships.

Regulators

4 verified
Insurance Regulatory and Development Authority of India (IRDAI)
Governs actuarial, finance and investment functions of the company's insurance business, including the premium deficiency reserve calculation and segment reporting.
Reserve Bank of India (prudential norms)
Prudential norms on revenue recognition, asset classification and provisioning are followed for investments.
Lloyd's (capital requirements for corporate member)
Governs continuing approval of the subsidiary as a corporate member of a syndicate and sets its capital requirements.
1 more statement
Russian tax authorities (subsidiary GIC Perestrakhovanie)
Subsidiary GIC Perestrakhovanie faces tax assessments and transfer-pricing adjustments under Russian tax legislation.

Regulatory dependencies

5 verified
IRDAI premium deficiency reserve rules
PDR is calculated by the appointed actuary under IRDAI regulations, so changes to these rules would move reserves and reported profit. Interpretation: effect on reserves and profit is inferred.
IRDAI commission accounting requirements
Deferred commission of the London branch is accounted as commission at head office to comply with IRDAI requirements. Interpretation: a change in these requirements would change how commission expense is recognised.
Lloyd's capital requirements for the subsidiary
Subsidiary must meet Lloyd's capital requirements to keep its corporate member approval. Interpretation: tighter capital rules would raise capital needs for the subsidiary.
2 more statements
Prudential norms for provisioning
Revenue recognition and provisioning against performing and non-performing assets follow RBI and IRDAI norms. Interpretation: changes would affect reported provisions and income.
Regulatory liberalisation and FDI limits
Liberalisation and higher FDI limits facilitated greater international participation and capital inflows.

Sensitivities

4 verified
Weather-related catastrophe frequency and severity
Rising frequency and severity of catastrophes raise claim ratios and pressure solvency margins and pricing models. Direction: more catastrophes worsen claims and solvency.
Crude prices and the rupee
Higher crude prices and rupee depreciation were seen in FY2025-26. Interpretation: rupee weakness affects the company's rupee value of foreign-currency liabilities and assets.
Foreign exchange on syndicate liabilities
Syndicate liabilities in US Dollar, Canadian Dollar and Euro create currency exposure. Interpretation: mismatch between assets and liabilities would move results when currencies move.
1 more statement
Soft reinsurance pricing
Competition is expected to bring soft pricing and lower profitability. Direction: when competition rises, pricing falls and margins compress.

Cost inputs

3 verified
Acquisition costs (cedent and ceding commissions)
Company's share of syndicate-related cover holder and ceding commissions on inward reinsurance, mainly for new and renewal business.
Commissions to insurance brokers (subsidiary GIC Perestrakhovanie)
Subsidiary GIC Perestrakhovanie pays commissions to insurance brokers as part of its acquisition costs, reported in RUB thousands.
Claims incurred and claims ratio
Claims ratio is claims paid plus change in unpaid claims provisions relative to premiums earned. Interpretation: rising claims lift this ratio and reduce margin.

Geographies

4 verified
India (national operations)
Domestic market served across states and union territories.
International markets
Operations served in 130 countries internationally, per the excerpt's count of international markets.
UK via Lloyd's (subsidiary GIC RE India Corporate Member Limited)
Subsidiary's insurance business is underwritten in the UK Lloyd's market, treated as one geographical segment.
1 more statement
Russia (subsidiary GIC Perestrakhovanie)
Subsidiary operates in Russia and is subject to Russian tax legislation and transfer-pricing rules.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Dividend - Rs 13.25 Per Share (4 Sep 2026).

Change log

8 entries · newest first
  1. Corporate actionDividend - Rs 13.25 Per Share.
  2. Results filedQ1 FY2027 results filed.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Corporate actionDividend - Rs 10 Per Share.
  7. Results filedQ1 FY2026 results filed.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 8 of 22 lender flags judged; 1 red; 14 could not be judged.
  • Data gapsBusiness quality, Quality score, Net interest margin, Gross NPA, Net NPA, Provision coverage and 9 more: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓108 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 38 verified

Questions people ask

What is General Insurance Corporation of India's share price today?

General Insurance Corporation of India last traded at ₹316.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.1% on the day, down 18.8% over a year. Its 52-week range is ₹308 to ₹418. The live price is in the app.

What is General Insurance Corporation of India's market cap?

General Insurance Corporation of India's market capitalisation is about ₹54,843 crore: what it would cost to buy every share at today's price. That makes it the 87th largest mid cap company we cover.

Is General Insurance Corporation of India a large cap, mid cap or small cap?

General Insurance Corporation of India (GICRE) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is General Insurance Corporation of India's P/E ratio?

6.18, vs peers 51.2 · 1st of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is General Insurance Corporation of India overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.2 vs peers 51.2 (1st of 10); P/B 0.98 vs peers 5.1 (2nd of 10).

How does General Insurance Corporation of India make money?

GIC Re is a reinsurance and risk solutions provider that primarily works with insurance and reinsurance companies and brokers in India and worldwide. Its turnover is recorded as gross premium, and its subsidiary GIC RE India Corporate Member Limited underwrites through the Lloyd's insurance market in the UK.

Why is there no Altman Z or debt to equity for General Insurance Corporation of India?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are General Insurance Corporation of India's peers?

Compared with 9 Insurance (the industry, as the basic industry was too small): SBI Life Insurance Company Ltd, HDFC Life Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, Max Financial Services Ltd and 4 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did General Insurance Corporation of India do last quarter?

General Insurance Corporation of India reported income of ₹14,572 Cr, up 6.8% on a year earlier and a net profit of ₹1,621 Cr, up 29.1% in the Jun 2026 quarter.

Who owns General Insurance Corporation of India?

General Insurance Corporation of India is held by promoters 77.4%, foreign institutions 2.4%, domestic institutions 17.7%.

Does General Insurance Corporation of India pay a dividend?

Yes. General Insurance Corporation of India's dividend yield is 3.65% at the latest price; the last payout was ₹13.25 a share, ex-dividend 4 Sep 2026.

What do analysts say about General Insurance Corporation of India?

6 analysts cover General Insurance Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on General Insurance Corporation of India, and 6,621 other companies, with 212 filters and the full peer tables

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