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General Insurance Corporation of India

₹329.20
NSE
--   ( -- %) 1D



  • Prev. Close
    329.20
  • Upper Circuit
    395.00
  • Lower Circuit
    263.40

Returns

General Insurance Corporation of India's Info & Management

Incorporated in 1972, the General Insurance Corporation of India, or GICI, came into existence through the General Insurance Business (Nationalization) Act, also known as GIBNA. This act aimed to supervise, control, and conduct the business of General Insurance in India. 

Fast forward to 2002, and there was an amendment to GIBNA.

During this period, GICI underwent a makeover, rebranding as GIC Re and emphasizing its focus on reinsurance. The company is headquartered in India. 

Business Segment

The businesses cover these business services:

  • Primary Segment: offers reinsurance services
  • Services Offered: the company provides reinsurance to direct general insurance companies, covering various classes of business such as fire, motor, aviation, engineering, health, agriculture, marine hull, marine cargo, and life, among others

Geographical Presence

The company has the largest reinsurance market in India. Internationally, it operates three overseas offices in London, Dubai, and Malaysia. It also collaborates with reinsurance partners in the Afro-Asian region, providing reinsurance programs for insurance companies in the Middle East, North Africa, and Asia.

  • Chief Information Security Officer
    Shri Sachindra Salvi
  • Chief Financial Officer
    Pratik Punjabi
  • Compliance Officer,Company Secretary
    Suresh Savaliya
  • Deputy General Manager
    Shri V. B. Salve
  • Deputy General Manager
    Smt. Manali Patke
  • Deputy General Manager
    Shri Mukesh Waghela

FAQs on General Insurance Corporation of India

What is the share price of General Insurance Corporation of India?

General Insurance Corporation of India share price is ₹324.70 as of April 12, 2024, 03:29 PM. Share/stock prices are volatile and change over the course of a trading day, and may differ basis on exchange (NSE/BSE).

What is the 52-week high and low of General Insurance Corporation of India?

The 52-week high and low of General Insurance Corporation of India is ₹467.60 and ₹142.35 respectively as of April 12, 2024, 03:29 PM. 52-week high and low represent the maximum and minimum value of the share price respectively, over the last 52 weeks (similar to 1 year).

What is the PB ratio of General Insurance Corporation of India?

The trailing twelve month (TTM) PB ratio of General Insurance Corporation of India is 1.30 as of April 13, 2024. The PB ratio measures the market capitalization of the company relative to it’s book value (carrying value on the balance sheet) as of last reported period.

What are the Upper Circuit and Lower Circuit of General Insurance Corporation of India?

The Upper Circuit of General Insurance Corporation of India is ₹395. The Lower Circuit of General Insurance Corporation of India is ₹263.

What is the ROE of General Insurance Corporation of India?

General Insurance Corporation of India reported an ROE of 15.28% for the last reported financial year on a consolidated account basis. Return on Equity (ROE) reflects how efficiently the company is able to generate profit as a percent of their equity financing.

What is the shareholding pattern of General Insurance Corporation of India?

Shareholding pattern gives insights on the concentration of holdings towards various groups of investors. As of last reported quarter for General Insurance Corporation of India, Promoter held 85.8%, the FII held 1%, DII held 11.1% and the public held 2.2% of the total shares.

How to buy General Insurance Corporation of India Share?

You can easily buy shares of General Insurance Corporation of India online through Share.Market. If you are an existing user, login to your account, else follow the process to create your own Demat and Trading account in a few easy steps.

What is the fair value of General Insurance Corporation of India?

The fair value of General Insurance Corporation of India is an estimated price at which buyers and sellers would freely trade their shares. The various ways to determine the fair value of an asset include looking at recent market transactions for similar assets, estimating its expected earnings or the cost of replacing it.
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