{"id":142524,"date":"2023-02-22T07:00:00","date_gmt":"2023-02-22T12:00:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142524"},"modified":"2023-02-22T09:02:34","modified_gmt":"2023-02-22T14:02:34","slug":"earnings-summary-of-general-insurance-corporation-of-india-for-q3-fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-summary-of-general-insurance-corporation-of-india-for-q3-fy23\/","title":{"rendered":"Earnings Summary Of General Insurance Corporation of India For Q3 FY23"},"content":{"rendered":"<p>General Insurance Corporation of India (NSE: <a href=\"https:\/\/44.250.171.167\/symbol\/gicre\/\">GICRE<\/a>) is a leading Indian reinsurance company that provides reinsurance services to the Indian insurance market. The company was established in 1972 and has since then grown to become the largest reinsurer in India, with a market share of over 60%. The company operates in both the domestic and international markets and has a diversified portfolio of products and services.<\/p>\n<p>In terms of earnings, Total Income for Q3 FY23 was \u20b910,569.80 crore, a 2.7% decrease from \u20b910,861.92 crore in the same period last year. The Consolidated Net Profit was \u20b91,232.25 crore, surged from \u20b9141.80 crore in the same quarter last year. This quarter\u2019s earnings per share was \u20b97.02. The third quarter\u2019s other income, which came from foreign exchange gain of \u20b942.24 Crore. In the same time period, the company\u2019s Solvency Ratio increased to 2.38 from 1.80. As of December 31, 2022, it had a Gross NPA of 2.65 improved from 2.97 from previous year.\u00a0<\/p>\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-1024x640.jpg\" alt=\"\" class=\"wp-image-142530\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-1024x640.jpg 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-300x187.jpg 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-768x480.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-1536x960.jpg 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-13-1-2048x1280.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>General Insurance Corporation of India (NSE: GICRE) is a leading Indian reinsurance company that provides reinsurance services to the Indian insurance market. The company was established in 1972 and has since then grown to become the largest reinsurer in India, with a market share of over 60%. The company operates in both the domestic and [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392],"tags":[8233],"class_list":["post-142524","post","type-post","status-publish","format-standard","hentry","category-earnings","tag-insurance-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":147330,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-general-insurance-corporation-of-india-for-q4-fy23\/","url_meta":{"origin":142524,"position":0},"title":"Earnings Summary Of General Insurance Corporation of India For Q4 FY23","author":"Hardik Bhandare","date":"May 25, 2023","format":false,"excerpt":"General Insurance Corporation of India (GICRE) is the largest reinsurer in India and one of the leading reinsurers globally. 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