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.