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India
As of 18 Sept 2026, 03:30 pm
On September 15, 2026, the Central Government appointed Shri Divesh Sehara, an IAS officer and Joint Secretary in the Ministry of Finance, Department of Financial Services, as a Director (Government Nominee) on the Board of General Insurance Corporation of India. This appointment is effective immediately and replaces Shri Manoj Muttathil Ayyappan. Shri Sehara's term is initially for 36 months, and he is not related to any existing directors.
As of September 18, 2026, the daily trend for General Insurance Corporation of India shares shows a closing price of ₹351.0. The Exponential Moving Average (EMA) for 20 days is ₹349.27, and the Simple Moving Average (SMA) for 20 days is ₹350.31. The Supertrend indicator is showing a bearish direction. On a weekly basis, the Supertrend direction is bullish, with a closing price of ₹351.0 and an EMA of ₹362.87 for 20 days.
As of September 18, 2026, General Insurance Corporation of India shares have shown the following returns: a 3% return over the last day, a -2% return over the last month, a -4% return over the last year, and a -7% return year-to-date. Since the start of trading, the shares have seen a return of -23%.
General Insurance Corporation of India's senior management is scheduled to participate in investor and analyst meetings on September 18 and September 21, 2026. These meetings will include participants from JP Morgan India, SBI Pension Fund, Tata Mutual Fund, ICICI Prudential Mutual Fund, and Bandhan Mutual Fund. The meetings are planned between 9:00 A.M. and 10:00 A.M. onwards on the respective dates, and the company has confirmed that no unpublished price-sensitive information will be shared.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Upward price movement of 3.10 standard deviations recorded on 2026-09-18.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Downward price movement of 3.18 standard deviations recorded on 2026-09-15.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Downward price movement of 2.74 standard deviations recorded on 2026-09-07.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Gross Premiums Written | PEAK₹13,541.51 crore | ₹11,161.03 crore | ₹11,083.46 crore | ₹9,706.23 crore | ₹12,417.16 crore |
| Net Premium Written | PEAK₹12,720.56 crore | ₹10,007.43 crore | ₹10,485.80 crore | ₹8,587.65 crore | ₹11,823.50 crore |
| Premium Earned | ₹11,097.77 crore | ₹9,913.56 crore | ₹9,630.54 crore | ₹8,925.33 crore | PEAK₹11,273.88 crore |
| Income From Investments Net | ₹2,186.93 crore | ₹1,949.08 crore | ₹1,890.45 crore | PEAK₹2,567.14 crore | ₹2,267.13 crore |
| Operating Income | ₹13,360.54 crore | ₹12,309.26 crore | ₹11,616.64 crore | ₹11,854.90 crore | PEAK₹13,542.73 crore |
| Commissions And Brokerage Net | PEAK₹2,391.89 crore | ₹2,181.19 crore | ₹1,745.51 crore | ₹2,261.11 crore | ₹1,879.52 crore |
Despite the contraction in earnings, the solvency ratio increased to 0.0432 from 0.0385 a year earlier.
In Q1 FY2026-27, GIC Re's gross premiums written grew by over 9% year-on-year, but premium earned declined slightly, and costs rose. The company increased its reserves for future claims sharply, and commission costs grew faster than premium volume. These factors compressed profitability, resulting in a 31% year-on-year decline in post-tax profit. The solvency ratio improved compared to a year earlier.
Exchange disclosures and regulatory announcements for General Insurance Corporation of India.
On September 10, 2026, General Insurance Corporation of India appointed Divesh Sehara as a Non-Executive Nominee Director for a 36-month term. He is an IAS officer currently serving as Joint Secretary in the Ministry of Finance, Department of Financial Services, and is not related to any existing directors.
On September 15, 2026, the Central Government appointed Shri Divesh Sehara, Joint Secretary of the Ministry of Finance, as a Director (Government Nominee) on the Board of General Insurance Corporation of India with immediate effect. This appointment, effective until further orders, replaces Shri Manoj Muttathil Ayyappan pursuant to Article 75(ii) of the Corporation's Articles of Association. The filing confirms that Shri Sehara is an IAS officer of the 2005 batch and has no familial relationship with existing directors nor any debarment from holding office.
GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
General Insurance Corporation of India announced that its senior management will participate in investor and analyst meetings with JP Morgan India, SBI Pension Fund, Tata Mutual Fund, ICICI Prudential Mutual Fund, and Bandhan Mutual Fund on September 18 and 21, 2026. The meetings are scheduled to occur between 9:00 A.M. and 10:00 A.M. onwards on the respective dates, with the corporation confirming that no unpublished price-sensitive information will be shared during these interactions.
General Insurance Corporation of India (GIC Re) issued a public notice on August 31, 2026, to correct an inadvertent error in the previously announced date and time for its 54th Annual General Meeting. The filing clarifies that the meeting will be held on September 22, 2026, at 11:00 a.m., superseding the incorrect details of September 21, 2026, at 3:00 p.m. stated in earlier communications. This disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and MCA Circular No. 20/2020.
General Insurance Corporation of India (GIC) has scheduled its 54th Annual General Meeting for September 22, 2026, to approve the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director with a pay scale of ₹2,05,400-2,24,400 effective June 16, 2026. The meeting will also consider the appointment of Dr. Debasish Prusty as Government Nominee Director and Shri Hiteshkumar Kismatbhai Bhandari as an Independent Director, alongside the declaration of a final dividend of ₹13.25 per equity share for the financial year ended March 31, 2026. A record date of September 4, 2026, has been set for dividend eligibility, and the AGM will be conducted via video conference.
General Insurance Corporation of India (GICRE) announced an Annual General Meeting scheduled for September 22, 2026, in Mumbai to consider seven agenda items. Key resolutions include the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a dividend of Rs 13.25 per equity share for the fiscal year 2025-26. The meeting will also address the re-appointment of Executive Director Ms. Jayashri Balkrishna, the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director, Dr. Debasish Prusty as a Government Nominee Director, and Shri Hiteshkumar Kismatbhai Bhandari as an Independent Director.
Recent market and company developments associated with General Insurance Corporation of India.
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Comprehensive Section Breakdown for General Insurance Corporation of India
Strategic Vision: Reinsurance company providing coverage to general insurers.
• Sole Indian Reinsurer in the domestic market
• Established international network of branches and subsidiaries
General Insurance Corporation of India (GIC Re) reported a quarter where gross premiums written increased by over 9% year-on-year, but revenue recognized from those policies declined slightly. A sharp rise in claims reserves and higher commission costs compressed profitability, leading to a 23.4% drop in pre-tax profit and a 31.1% decline in post-tax profit compared to the same period last year. The solvency ratio increased to 0.0432 from 0.0385 a year earlier.
Gross premiums written reached ₹13,541.51 crore, an increase of 21.33% from the previous quarter and 9.05% from the same period last year. Net premiums written grew 7.59% year-on-year to ₹12,720.56 crore. The net retention ratio edged down to 0.9394 from 0.9522 a year ago, indicating a slightly higher proportion of premiums ceded to reinsurers relative to the prior year.
A divergence emerged between new business volume and recognized revenue. Premium earned—the amount recognized as income in the current period—declined by 1.56% year-on-year to ₹11,097.77 crore. This indicates that a larger portion of newly written premiums remained unearned at quarter-end, which will be recognized in future periods. Investment income contributed ₹2,186.93 crore, rising 12.2% sequentially but remaining 3.54% lower than the prior year period. Total operating income stood at ₹13,360.54 crore, down 1.35% year-on-year.
The most significant shift in the quarter was the movement in claims liabilities. Incurred claims totaled ₹9,755.47 crore, roughly flat year-on-year (-0.35%), but represented a substantial 23.53% increase from the previous quarter.
This sequential increase coincided with a sharp rise in the change in outstanding claims, which measures adjustments to the liability for unpaid claims. That adjustment jumped to ₹2,387.88 crore, up 133.62% from the prior quarter and 29.05% from the prior year. Meanwhile, cash paid for claims decreased by 7.21% year-on-year to ₹7,367.59 crore. The increase in provisions pushed the incurred claim ratio to 0.879 (87.9%), up from 0.8684 (86.84%) a year ago. When combined with other underwriting costs, the overall combined ratio deteriorated to 1.0778 (107.78%), compared to 1.0343 (103.43%) in the prior year. A combined ratio above 1.0 indicates that underwriting operations alone generated a loss before accounting for investment income.
Operating expenses rose to ₹12,230.93 crore, an increase of 3.63% year-on-year. Within this aggregate, net commission expenses increased by 27.26% year-on-year to ₹2,391.89 crore. This growth rate significantly outpaced the growth in gross premiums written, causing the commission expense relative to premium volume to widen. Employee remuneration and welfare expenses also saw a marked increase, rising 134.06% year-on-year to ₹87.89 crore. These movements contributed to the expenses of management ratio, which moved from 0.0069 to 0.0108.
Pre-tax profit fell to ₹2,314.51 crore, a decrease of 23.4% year-on-year. Post-tax profit declined further to ₹1,743.67 crore, a 31.1% drop. The steeper decline in post-tax profit compared to pre-tax profit was influenced by the effective tax rate. Derived tax expense increased to ₹570.84 crore from ₹490.90 crore a year earlier, raising the effective tax rate from approximately 16.2% to 24.7%.
The arithmetic difference between operating income (₹13,360.54 crore) and operating expenses (₹12,230.93 crore) is ₹1,129.61 crore. This figure is distinct from the reported pre-tax profit of ₹2,314.51 crore, indicating that items outside these two reported lines contribute to the overall profit before tax.
GIC Re's standalone Q1 FY27 profit after tax rose 9.69% YoY to ₹1,922.04 crore, with gross premium up 8.8% to ₹13,475.36 crore. The combined ratio improved to 104.88% from 106.94%, underwriting loss narrowed to ₹723.87 crore, and solvency strengthened to 4.32. Growth was led by life, health and marine cargo, while international premium declined 5.8%.
On outlook, GIC Re said it expects to maintain market leadership on strong financials, adequate capacity and expertise. It sees pricing discipline strengthening as insurers list and the market consolidates, and reiterated a strategic focus on reducing reliance on investment income while scaling the Lloyd's syndicate toward a 60:40 domestic-international risk portfolio.
Category: Financial Services
Provides reinsurance coverage for property-related general insurance business.
Category: Financial Services
Offers reinsurance for marine and shipping-related general insurance policies.
Category: Financial Services
Provides reinsurance for engineering and construction project-related general insurance.
Category: Financial Services
Covers a range of other general insurance classes not specified elsewhere.
Category: Financial Services
Offers reinsurance for various liability insurance policies.
Category: Financial Services
Provides reinsurance for credit and surety insurance products.
Category: Financial Services
Offers reinsurance for insurance related to spare parts.
Category: Financial Services
Provides reinsurance for health insurance policies.
Category: Financial Services
Offers reinsurance for agricultural and weather-related insurance.
Category: Financial Services
Provides reinsurance for motor vehicle insurance.
Category: Financial Services
Offers reinsurance for workmen's compensation insurance.
Category: Financial Services
Provides reinsurance for aviation-related insurance.
Category: Financial Services
Offers reinsurance for life insurance policies.
Core Thesis: GIC Re acts as the sole Indian Reinsurer, supporting domestic direct general insurance companies through treaty and facultative placements across diverse business classes.
• Domestic Reinsurance: Functions as the sole Indian Reinsurer, providing essential reinsurance coverage to direct general insurance companies within India. • International Presence: Extends operations globally through branches in London, Dubai, and Kuala Lumpur, a representative office in Moscow, and foreign subsidiaries. • Diverse Business Lines: Participates in treaty and facultative placements for a wide array of domestic business classes, including property, marine, engineering, and health.