General Insurance Corporation of India
NSE: GICRE · General Insurance
Snapshot
Unlock General Insurance Corporation of India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
General Insurance Corporation of India (GIC Re) is the national reinsurer of India, providing a comprehensive range of reinsurance solutions across property, energy, marine, aviation, and liability segments. The company operates both domestically and internationally, with a significant presence in the Afro-Asian region.
Business Model
The company generates revenue primarily through reinsurance premiums collected from primary insurers, supplemented by investment income derived from its substantial asset base. It manages risk by diversifying its portfolio across various insurance classes and geographic markets.
Growth Outlook
Growth is expected to be driven by the expansion of insurance penetration in India and the strengthening of reinsurance partnerships across emerging markets in South East Asia, the Middle East, and Africa.
Key Risks
- Catastrophic Loss Risk. The company is exposed to significant financial volatility arising from large-scale natural disasters or man-made catastrophes.
- Underwriting Risk. Inaccurate pricing of reinsurance premiums or inadequate reserving for claims could adversely impact profitability.
- Investment Market Volatility. Fluctuations in equity and debt markets can significantly affect the company's investment income and overall financial position.
- Regulatory Risk. Changes in insurance regulations or capital adequacy requirements in India or international markets may necessitate operational adjustments.
Price
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Peers · General Insurance
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
General Insurance Corporation of IndiaGICRE | 63,070 | 6.62 | — | — | 19.0% | 19.4% | — | -7.2% |
ICICI Lombard General Insurance Company Ltd.ICICIGI | 86,909 | 29.12 | — | — | 13.0% | 17.7% | — | -17.6% |
Go Digit General Insurance Ltd.GODIGIT | 29,990 | 48.37 | — | — | 2.0% | — | — | -19.6% |
Star Health and Allied Insurance Company Ltd.STARHEALTH | 26,783 | — | — | — | 4.0% | 14.8% | — | +37.2% |
The New India Assurance Company Ltd.NIACL | 20,567 | 20.76 | — | — | 1.0% | 5.5% | — | -4.1% |
Niva Bupa Health Insurance Company Ltd.NIVABUPA | 12,764 | — | — | — | 2.0% | — | — | -3.5% |
As of Mar 2026
Financials
General Insurance Corporation of India
NSE: GICRE · General Insurance
Snapshot
Unlock General Insurance Corporation of India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
General Insurance Corporation of India (GIC Re) is the national reinsurer of India, providing a comprehensive range of reinsurance solutions across property, energy, marine, aviation, and liability segments. The company operates both domestically and internationally, with a significant presence in the Afro-Asian region.
Business Model
The company generates revenue primarily through reinsurance premiums collected from primary insurers, supplemented by investment income derived from its substantial asset base. It manages risk by diversifying its portfolio across various insurance classes and geographic markets.
Growth Outlook
Growth is expected to be driven by the expansion of insurance penetration in India and the strengthening of reinsurance partnerships across emerging markets in South East Asia, the Middle East, and Africa.
Key Risks
- Catastrophic Loss Risk. The company is exposed to significant financial volatility arising from large-scale natural disasters or man-made catastrophes.
- Underwriting Risk. Inaccurate pricing of reinsurance premiums or inadequate reserving for claims could adversely impact profitability.
- Investment Market Volatility. Fluctuations in equity and debt markets can significantly affect the company's investment income and overall financial position.
- Regulatory Risk. Changes in insurance regulations or capital adequacy requirements in India or international markets may necessitate operational adjustments.
Price
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Peers · General Insurance
As of Mar 2026