The General Insurance Corporation of India (GIC Re), established on November 22, 1972, is India’s sole national reinsurer, playing a critical role in supporting the insurance industry by providing reinsurance to direct general insurers. Headquartered in Mumbai, GIC Re helps insurance companies manage large-scale risks, ensuring market stability, especially in high-risk sectors like natural disasters and industrial ventures. Internationally, GIC Re has expanded its presence with offices in the UK, Malaysia, Russia, and the UAE. In 2023, the company reported revenue of ₹47,751 crore (USD 5.7 billion) and a net income of ₹6,907 crore (USD 830 million), with the Government of India holding an 85.78% stake. GIC Re’s global operations and financial strength make it a key player in both the Indian and global reinsurance markets.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 85.78% | 85.78% | 85.78% | 85.78% | 85.78% |
| FIIs + | 0.77% | 0.86% | 0.95% | 0.87% | 1.05% |
| DIIs + | 11.02% | 11.02% | 11.11% | 11.06% | 10.91% |
| Public + | 2.42% | 2.34% | 2.15% | 2.30% | 2.25% |
| No. of Shareholders | 2,35,668 | 2,26,870 | 2,22,606 | 2,42,314 | 2,43,127 |
The shareholding pattern of General Insurance Corporation of India (GIC Re) has remained largely stable from June 2023 to June 2024, with a consistent promoter holding of 85.78%, reflecting the substantial stake held by the Government of India. The foreign institutional investors (FIIs) have gradually increased their shareholding, rising from 0.77% in June 2023 to 1.05% by June 2024, indicating growing international interest. Domestic institutional investors (DIIs) have slightly reduced their stake from 11.02% in June 2023 to 10.91% by June 2024, while the public shareholding has shown marginal fluctuations, decreasing from 2.42% in June 2023 to 2.25% in June 2024. The number of shareholders has witnessed a small increase, growing from 2,35,668 in June 2023 to 2,43,127 by June 2024, reflecting stable investor confidence in the company over this period.
Below are the trading platforms that you can use to purchase General Insurance Corporation of India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 439.05 | 381.79 |
| November 2024 | 456.62 | 397.06 |
| December 2024 | 461.18 | 401.03 |
As we approach October 2024, the maximum price for General Insurance Corporation of India is expected to reach ₹439.05, with a minimum price of ₹381.79. Moving into November 2024, the stock is projected to have a maximum price of ₹456.62, while the minimum is anticipated to be ₹397.06. By December 2024, General Insurance Corporation of India is forecasted to have a maximum price of ₹461.18 and a minimum price of ₹401.03.
| When | Maximum Price | Minimum Price |
| January 2025 | 465.79 | 358.30 |
| February 2025 | 470.50 | 361.92 |
| March 2025 | 480.38 | 369.52 |
| April 2025 | 475.62 | 365.86 |
| May 2025 | 461.77 | 355.21 |
| June 2025 | 482.55 | 371.19 |
| July 2025 | 473.09 | 363.91 |
| August 2025 | 487.72 | 375.17 |
| September 2025 | 493.57 | 379.67 |
| October 2025 | 506.41 | 389.54 |
| November 2025 | 519.07 | 399.28 |
| December 2025 | 542.42 | 417.25 |
As we step into 2025, General Insurance Corporation of India is projected to reach a maximum price of ₹465.79 and a minimum price of ₹358.30 in January. By December 2025, we can expect the maximum price to climb to ₹542.42, while the minimum price is anticipated to be ₹417.25.
| When | Maximum Price | Minimum Price |
| January 2026 | 558.70 | 429.77 |
| February 2026 | 544.73 | 419.02 |
| March 2026 | 555.62 | 427.40 |
| April 2026 | 566.96 | 436.12 |
| May 2026 | 561.35 | 431.81 |
| June 2026 | 575.38 | 442.60 |
| July 2026 | 564.10 | 433.92 |
| August 2026 | 581.55 | 447.34 |
| September 2026 | 593.18 | 456.29 |
| October 2026 | 608.60 | 468.15 |
| November 2026 | 623.82 | 479.86 |
| December 2026 | 639.41 | 491.85 |
| When | Maximum Price | Minimum Price |
| January 2027 | 645.81 | 496.77 |
| February 2027 | 662.36 | 509.51 |
| March 2027 | 688.20 | 529.38 |
| April 2027 | 674.70 | 519.00 |
| May 2027 | 655.05 | 503.89 |
| June 2027 | 684.53 | 526.56 |
| July 2027 | 671.11 | 516.24 |
| August 2027 | 691.86 | 532.20 |
| September 2027 | 716.08 | 550.83 |
| October 2027 | 734.70 | 565.15 |
| November 2027 | 753.06 | 579.28 |
| December 2027 | 771.89 | 593.76 |
| When | Maximum Price | Minimum Price |
| January 2028 | 787.33 | 605.64 |
| February 2028 | 807.51 | 621.17 |
| March 2028 | 839.01 | 645.39 |
| April 2028 | 822.56 | 632.74 |
| May 2028 | 798.60 | 614.31 |
| June 2028 | 834.54 | 641.95 |
| July 2028 | 818.17 | 629.36 |
| August 2028 | 843.48 | 648.83 |
| September 2028 | 873.00 | 671.54 |
| October 2028 | 895.70 | 689.00 |
| November 2028 | 918.09 | 706.22 |
| December 2028 | 941.04 | 723.88 |
| When | Maximum Price | Minimum Price |
| January 2029 | 959.86 | 738.36 |
| February 2029 | 984.47 | 757.29 |
| March 2029 | 1,022.87 | 786.82 |
| April 2029 | 1,002.81 | 771.39 |
| May 2029 | 973.60 | 748.93 |
| June 2029 | 1,017.42 | 782.63 |
| July 2029 | 997.47 | 767.28 |
| August 2029 | 1,028.32 | 791.01 |
| September 2029 | 1,064.31 | 818.70 |
| October 2029 | 1,091.98 | 839.98 |
| November 2029 | 1,119.28 | 860.98 |
| December 2029 | 1,147.26 | 882.51 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,170.21 | 900.16 |
| February 2030 | 1,200.21 | 923.24 |
| March 2030 | 1,247.02 | 959.25 |
| April 2030 | 1,222.57 | 940.44 |
| May 2030 | 1,186.96 | 913.05 |
| June 2030 | 1,240.37 | 954.13 |
| July 2030 | 1,216.05 | 935.42 |
| August 2030 | 1,253.66 | 964.35 |
| September 2030 | 1,297.54 | 998.11 |
| October 2030 | 1,331.27 | 1,024.06 |
| November 2030 | 1,364.56 | 1,049.66 |
| December 2030 | 1,398.67 | 1,075.90 |
In 2030, General Insurance Corporation of India is expected to reach a maximum price of ₹1,170.21 and a minimum price of ₹900.16 in January. By December 2030, the maximum price is projected to rise to ₹1,398.67, with a minimum price of ₹1,075.90. This forecast reflects a positive trend in the company’s performance, highlighting its potential for growth throughout the year amidst favorable market conditions.
Financial Condition of General Insurance Corporation of India: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 50,345 | 48,583 | 48,967 | 46,638 | 45,375 | 47,096 |
| Expenses + | 52,445 | 45,510 | 45,816 | 39,709 | 38,619 | 39,846 |
| Operating Profit | -2,100 | 3,073 | 3,151 | 6,929 | 6,756 | 7,250 |
| OPM % | -4% | 6% | 6% | 15% | 15% | 15% |
| Other Income + | 1,754 | 11 | 618 | 1,112 | 1,182 | 1,012 |
| Interest | 0 | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 19 | 15 | 14 | 10 | 12 | 0 |
| Profit before tax | -366 | 3,069 | 3,755 | 8,031 | 7,925 | 8,261 |
| Tax % | -24% | 41% | 41% | 18% | 18% | |
| Net Profit + | -186 | 1,992 | 2,386 | 6,907 | 6,686 | 7,109 |
| EPS in Rs | -1.06 | 11.35 | 13.6 | 39.37 | 38.11 | 40.52 |
| Dividend Payout % | 0% | 0% | 17% | 18% | 26% |
General Insurance Corporation of India (GIC Re) experienced a notable shift in its financial performance between March 2020 and March 2024, demonstrating a strong recovery from initial losses. In March 2020, GIC Re reported sales of ₹50,345 crore, but due to high expenses amounting to ₹52,445 crore, the company incurred an operating loss of ₹2,100 crore, resulting in a negative operating profit margin (OPM) of -4%. This year marked a challenging period for the corporation, as it struggled with profitability despite its significant market presence. The negative net profit of ₹186 crore and an EPS of -₹1.06 indicated that GIC Re was facing substantial financial difficulties.
However, starting from March 2021, GIC Re began to turn its fortunes around. The company made steady improvements in its profitability, as evidenced by its operating profit of ₹3,073 crore in 2021, supported by a 6% OPM. This upward trend continued through the following years, and by March 2023, the operating profit had grown significantly to ₹6,929 crore with a much stronger 15% OPM. Sales, while decreasing slightly over the period, from ₹50,345 crore in 2020 to ₹45,375 crore in 2024, were balanced by a sharp reduction in expenses. By March 2024, expenses had fallen to ₹38,619 crore, further strengthening the company’s financial position.
One of the most striking aspects of GIC Re’s recovery is its net profit, which rose dramatically from a loss of ₹186 crore in March 2020 to a robust profit of ₹6,686 crore by March 2024. This sharp increase in profitability is reflected in the company’s EPS, which improved from a negative ₹1.06 in 2020 to ₹38.11 in 2024. Additionally, GIC Re’s dividend payout also saw a substantial rise, moving from 0% in 2020 to 26% by March 2024, demonstrating the company’s confidence in its financial stability and ability to reward its shareholders. The overall improvement in profitability, reduced expenses, and enhanced shareholder returns signify GIC Re’s strong financial turnaround during this period.
FAQs
What is General Insurance Corporation of India’s current market capitalization?
As of September 25, 2024, General Insurance Corporation of India boasts a market capitalization of ₹69,562 Cr.
Presently, the share price of General Insurance Corporation of India stands at ₹396 as of September 25, 2024.
General Insurance Corporation of India its share price for 2024 to range from a maximum of ₹461.18 to a minimum of ₹381.79.
Looking ahead, General Insurance Corporation of India projected share price for December 2025 is anticipated to fluctuate between a maximum of ₹542.42 and a minimum of ₹417.25.
What is General Insurance Corporation of India current Price-to-Earnings (P/E) ratio?
Currently, General Insurance Corporation of India maintains a stable Price-to-Earnings (P/E) ratio of 9.79.
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Conclusion
In conclusion, General Insurance Corporation of India (GIC Re) has successfully navigated its financial challenges since March 2020, emerging stronger and more resilient. With significant improvements in operating profits and net earnings, along with a stable shareholding structure dominated by government support, GIC Re is well-positioned for future growth. The projected upward trend in share prices, reaching a maximum of ₹1,398.67 by December 2030, underscores its potential as a strong investment opportunity. Overall, GIC Re’s strategic significance in the reinsurance sector and its robust financial performance make it a promising choice for investors looking for stability and growth in the insurance market.
What did we learn?
- 1 Shareholding Patterns of General Insurance Corporation of India
- 2 How to Purchase General Insurance Corporation of India Shares?
- 3 General Insurance Corporation of India Share Price Target 2024 To 2030
- 3.1 General Insurance Corporation of India Share Price Target 2024
- 3.2 General Insurance Corporation of India Share Price Target 2025
- 3.3 General Insurance Corporation of India Share Price Prediction 2026
- 3.4 General Insurance Corporation of India Share Price Target 2027
- 3.5 General Insurance Corporation of India Share Price Prediction 2028
- 3.6 General Insurance Corporation of India Share Price Target 2029
- 3.7 General Insurance Corporation of India Share Price Target 2030
- 4 Financial Condition of General Insurance Corporation of India: Last 5 Years
- 5 FAQs
- 5.1 What is General Insurance Corporation of India’s current market capitalization?
- 5.2 What is the current share price of General Insurance Corporation of India?
- 5.3 What is General Insurance Corporation of India 2024 share price target?
- 5.4 What is the 2025 share price target for General Insurance Corporation of India?
- 5.5 What is General Insurance Corporation of India current Price-to-Earnings (P/E) ratio?
- 6 Conclusion
