General Insurance Corporation of India

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GICRE •
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Start SIP in General Insurance Corporation of India
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
126.53% Gain from 52W Low
27
TTM PE Ratio
10.9
Price to Book Ratio
1.3
Dividend yield 1yr %
Market Leader
1.7
TTM PEG Ratio
PEG TTM is negative
-3.4
RSI
RSI is mid-range
64.4
MFI
MFI Overbought
73.6

General Insurance Corporation of India Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

General Insurance Corporation of India shareholding Pattern

Promoter
85.8%
Foreign Institutions
0.9%
Mutual Funds
0.2%
Domestic Institutions
11.1%
Public
2.3%
Promoter
85.8%
Foreign Institutions
1%
Mutual Funds
0.2%
Domestic Institutions
11.1%
Public
2.2%
Promoter
85.8%
Foreign Institutions
0.9%
Mutual Funds
0.1%
Domestic Institutions
11%
Public
2.3%
Promoter
85.8%
Foreign Institutions
0.8%
Mutual Funds
0.1%
Domestic Institutions
11%
Public
2.4%
Promoter
85.8%
Foreign Institutions
0.7%
Mutual Funds
0.1%
Domestic Institutions
11%
Public
2.5%
Promoter
85.8%
Foreign Institutions
0.5%
Mutual Funds
0.1%
Domestic Institutions
11%
Public
2.7%

General Insurance Corporation of India Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
410.60
10Day EMA
406.00
12Day EMA
404.20
20Day EMA
397.60
26Day EMA
393.20
50Day EMA
379.90
100Day EMA
362.00
200Day EMA
327.50
5Day SMA
410.50
10Day SMA
406.10
20Day SMA
396.50
30Day SMA
389.30
50Day SMA
372.50
100Day SMA
362.40
150Day SMA
355.30
200Day SMA
327.30
Delivery & Volume
Resistance & Support
420.13
Pivot
Resistance
First Resistance
430.92
Second Resistance
444.78
Third Resistance
455.57
Support
First Support
406.27
Second support
395.48
Third Support
381.62
Relative Strength Index
64.44
Money Flow Index
73.59
MACD
11.04
MACD Signal
10.26
Average True Range
17.91
Average Directional Index
32.88
Rate of Change (21)
5.93
Rate of Change (125)
36.54
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
ICICI Lombard General Insurance Company Ltd.
92614.68
1266
1902.7
The New India Assurance Company Ltd.
47709.6
115
324
Star Health and Allied Insurance Company Ltd.
34452.26
477
674.95
Go Digit General Insurance Ltd.
31134.43
277.8
374.15

General Insurance Corporation of India Company background

Founded in: 1972
General Insurance Corporation of India (GIC Re) is the leader in the Indian reinsurance market. It leads many of the domestic companies treaty programmes and facultative placements. Internationally, GIC Re is an effective reinsurance partner for the AfroAsian region, leading the reinsurance programmes of several insurance companies in the Middle East and North Africa and SAARC countries. It has offices in London, Dubai, Kuala Lumpur and a representative office in Moscow. The Corporation provides reinsurance across many key business lines including property, motor, agriculture, marine, engineering, aviation, health, liability.GIC Re was a whollyowned company of Government of India until its Initial Public Offer (IPO) in October 2017. GIC Re was listed on the bourses on 25 October 2017. The IPO was a combination of a fresh issue of 1.75crore shares totaling up to Rs 1568.6 crore at the upper price band and offer for sale of 10.75crore shares by Union government totaling up to Rs 9804 crore at the upper price band of Rs 912 per share. After the IPO, Government of Indias holding in GIC Re declined to 85.78%. General Insurance Corporation of India (GIC) was incorporated at Mumbai on November 22, 1972 as a Private Limited Company. The Corporation was converted into a Public Limited Company with effect from March 7, 2016. The Corporation is registered with IRDAI for carrying on reinsurance business pursuant to the registration certificate dated April 2, 2001.GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as GIC was formed, Government of India (GoI) transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies. After a process of mergers among Indian insurance companies, the following four companies (National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited) were left as fully owned subsidiary companies of GIC.In November 2000, GIC was renotified as the Indian Reinsurer and through administrative instruction, its supervisory role over the four subsidiaries was ended. With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003 GIC ceased to be a holding company of its subsidiaries. The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with Government of India.On 1 April 2002, GIC was appointed as a Manager to the Terrorism Insurance Pool.On 5 September 2013, GICs joint venture reinsurance company in BhutanGIC Bhutan Re Limited became operational. On 19 September 2013, GIC was appointed as Managers of FAIR NATCAT Reinsurance Pool at Beijing, China.On 11 August 2014, GIC Re South Africa Limited, the wholly owned subsidiary of GIC Re was established in South Africa.GIC Re along with several other Indian insurance companies launched the India Nuclear Insurance Pool (INIP) with a capacity of Rs 1500 crore on 12 June 2015 to provide insurance to cover the liability as prescribed under Civil Liability for Nuclear Damage (CLND) Act 2010. The INIP will address liability related concerns of suppliers under the CLND Act 2010 and will pave the way for Indian as well as foreign suppliers to participate in the Indian Nuclear Power Projects.On 30th January 2020, GIC Perestrakhovanie LLC (GIC Res 100% subsidiary) received its reinsurance operations license from Central Bank of Russia.GIC Moscow Representative office was upgraded into a wholly owned subsidiary named as GIC Perestrakhovanie LLC, which started its operations from August 2020.
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General Insurance Corporation of India FAQs

The past 1-year return of General Insurance Corporation of India [GICRE] share was 125.67. The General Insurance Corporation of India [GICRE] share hit a 1-year low of Rs. 182.55 and a 1-year high of Rs. 467.

The Mutual Fund Shareholding was 0.15% at the end of .

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