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Earnings Summary Of General Insurance Corporation of India For Q4 FY23

General Insurance Corporation of India (GICRE) is the largest reinsurer in India and one of the leading reinsurers globally. Established in 1972, GICRE plays a crucial role in the Indian insurance industry by providing reinsurance services to insurance companies in India and abroad. The company offers a wide range of general insurance products, including fire, marine, motor, health, and liability insurance.

  • General Insurance Corporation of India reported Total Income for Q4 FY23 of ₹9,321.67 Crore down from ₹10,932.40 Crore year on year, a decline of 14.7%.
  • Total Expenses for Q4 FY23 of ₹6,684.97 Crore up from ₹6,488.13 Crore year on year, a growth of 3%.
  • Consolidated Net Profit of ₹2,729.18 Crore, up 41% from ₹1,936.02 Crore in the same quarter of the previous year.
  • The Earnings per Share is ₹15.56, up from ₹11.04 in the same quarter of the previous year.
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