# General Insurance Corporation of India (GICRE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/gicre

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹342.5
- Change: +0.96%
- As of: 2026-11-06
- 1D return: +0.96%
- 5D return: +10.18%
- 1M return: +10.81%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

GICRE is exhibiting a short-term bullish technical setup on the daily chart, trading at ₹342.50 as of 6 November 2026. The price is positioned near the upper end of its 20-day range (+98.6%) and sits above key daily moving averages (20-period EMA/SMA, 50-period SMA) and the Supertrend indicator. This upward momentum is supported by an established trend strength (ADX 30.08) and a recent +4.8% price move on 5 November. However, this daily strength contrasts with a broader bearish structure; the stock remains below its 200-period SMA and is in a long-term downtrend, evidenced by a -26.3% current drawdown from available highs and negative returns over 1-year (-8.4%) and YTD (-9.4%). Weekly and monthly timeframes remain bearish, with prices below all major moving averages and Supertrends. Immediate resistance lies at ₹344.55 (0.60% above), while support is found at ₹339.30 (0.93% below). The setup suggests a potential relief rally within a larger corrective phase rather than a confirmed trend reversal.

- Daily trend is bullish (price above 20/50 SMAs and Supertrend; ADX 30.08), but weekly/monthly trends remain bearish with price below all major averages.
- Price is at the top of its 20-day range (+98.6%) with immediate resistance at ₹344.55 and support at ₹339.30.
- Long-term context is weak: current drawdown is -26.3%, 1-year return is -8.4%, and annualized volatility is high at +29.9%.
- Confirmation of sustained strength requires a decisive break above ₹344.55; invalidation occurs if price closes below ₹339.30.

- Inside Bar
- Evening Star
- Bullish Engulfing Reversal
- Outside Bar

### What Changed

On November 5, 2026, General Insurance Corporation of India (GICRE) released its October investor presentation, detailing H1 FY2026–27 standalone results. The company reported a gross written premium of ₹24,704 crore and a profit after tax of ₹4,378 crore. Operational metrics showed a combined ratio of 107.4% and a solvency ratio of 418%. Management highlighted strategic priorities including international market expansion, underwriting profitability improvements, and enhanced catastrophe reserves for climate change.

This financial reporting coincides with broader sector headwinds in the September quarter, where listed general insurers faced underwriting losses due to severe monsoon floods, aggressive price discounting in fire insurance, and increased liabilities from a Supreme Court ruling on motor accident compensation. While GICRE’s standalone performance remains profitable, the sector environment highlights potential pressures on claims ratios and solvency. As of November 6, 2026, GICRE shares traded at ₹342.50, up from ₹339.25.

- H1 FY2026–27 Standalone Results: Gross written premium of ₹24,704 crore; Profit after tax of ₹4,378 crore.
- Operational Metrics: Combined ratio of 107.4%; Solvency ratio of 418%.
- Sector Context: General insurers faced underwriting losses in the September quarter due to flood claims, fire rate declines, and legal liability increases.
- Price Movement: Share price rose to ₹342.50 on November 6, 2026, from ₹339.25.

- [Floods and falling fire rates hurt general insurers in September quarter | Mint](https://www.livemint.com/industry/floods-and-falling-fire-rates-hurt-general-insurers-in-september-quarter-11793939120500.html)
- [General Insurance Corporation of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GICRE_05112026225025_SEintimationQ2InvestorPresentationsigned.pdf)

### Official Filings

General Insurance Corporation of India (GICRE) reported unaudited financial results for the half-year ended September 30, 2026, following its Board meeting on October 30, 2026. The company recorded a standalone gross written premium of ₹24,704 crore, up from ₹21,989.71 crore in the prior year period. However, profitability declined: Profit Before Tax fell by 2.18% to ₹5,591.79 crore, and Profit After Tax decreased by 5.23% to ₹4,377.66 crore. This contraction was driven by underwriting losses widening by 38.4% to ₹1,709.06 crore, despite an improvement in the Incurred Claims ratio to 86.19%. Higher management expenses contributed to this trend, while investment income rose to ₹7,503.78 crore. The Solvency Ratio improved to 4.18 (418%). Additionally, Executive Director Ms. Jayashri Balkrishna has opted for voluntary retirement for personal reasons, with her relief date to be communicated later. GICRE will host an earnings conference call on November 6, 2026, at 11:30 a.m. IST to discuss these results.

- H1 FY2026–27 standalone profit after tax fell 5.23% to ₹4,377.66 crore, contrasting with a 12.3% increase in gross written premium to ₹24,704 crore.
- Underwriting losses widened significantly by 38.4% to ₹1,709.06 crore due to higher management expenses, offsetting improvements in the Incurred Claims ratio (86.19%).
- Executive Director Ms. Jayashri Balkrishna is exiting via voluntary retirement; the effective relief date remains pending.
- An earnings conference call is scheduled for November 6, 2026, at 11:30 a.m. IST to review H1 FY2026–27 performance.

- [General Insurance Corporation of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GICRE_05112026225025_SEintimationQ2InvestorPresentationsigned.pdf)
- [General Insurance Corporation of India has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GICRE_03112026185431_signedSEintimationInvestorcall6thNov2026.pdf)
- [GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20261103_185216536.xml)
- [General Insurance Corporation of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201103_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding Outcome of Board Meeting held on October 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201202_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding a press release dated October 30, 2026, titled "GIC Re announces Financial Performance for the period ended 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/GICRE_30102026201530_signedPressRelease30102026.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750474_30102026082326_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750476_30102026082433_WEB.xml)
- [General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication, published today for Postal ballot notice |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GICRE_23102026130753_GICREintimationofpostalballotad.pdf)
- [Board Meeting Intimation |Meeting Date: 30-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15548_WebXMLFile_20261023_220310271.xml)

### Fundamentals

General Insurance Corporation of India (GICRE) demonstrated robust earnings growth in the second quarter of FY2026-27, with net profit rising to ₹2,966 crore from ₹1,744 crore in Q1. This improvement occurred despite a sequential decline in gross premiums written (₹13,542 crore to ₹11,171 crore) and incurred claims. The key driver was a significant reduction in operating expenses, which fell from ₹12,231 crore to ₹11,323 crore, allowing profit before extraordinary items to increase to ₹3,619 crore. On an annual basis, sales grew 6% over the trailing twelve months (TTM), and return on equity stood at 15% for the last year, up from 13% historically.

Financial health remains strong with zero borrowings as of September 2026. Total assets expanded to ₹1,00,348 crore, supported by investments growing to ₹1,58,271 crore. However, shareholders' funds decreased slightly to ₹13,570 crore, while reserves and surplus increased to ₹59,679 crore. Promoter holding declined to 77.4%, while DIIs and FIIs increased their stakes to 17.71% and 2.4% respectively. Cash flow from operations improved significantly compared to historical lows, though it moderated to ₹466 crore in FY2026 from ₹1,976 crore in FY2025.

- Q2 FY2026-27 net profit rose to ₹2,966 crore (+67% sequentially) driven by lower operating expenses (₹11,323 crore) despite lower premium inflows.
- Zero borrowings maintained; total assets grew to ₹1,00,348 crore with investments at ₹1,58,271 crore as of Sep 2026.
- TTM sales growth is 6% with ROE at 15%; promoter stake diluted to 77.4% while DII/FII holdings increased.
- Next checkpoint: Monitor if expense efficiency sustains as premium volumes fluctuate and claim ratios evolve in subsequent quarters.

### Bear Case

GICRE faces a challenging operational and technical environment as of November 2026. The general insurance sector, including GICRE, reported underwriting losses in the September quarter due to severe monsoon flood claims, aggressive price discounting in fire insurance, and increased liabilities from a Supreme Court ruling on motor accident compensation. These factors have pressured solvency ratios across the industry. Technically, the stock is trading at ₹342.50, reflecting a significant year-to-date decline of -9.4% and a one-year return of -8.4%. The monthly trend remains bearish, with the stock currently sitting -26.3% below its recent peak, indicating sustained downward pressure despite short-term daily bullish signals.

- Sector-wide underwriting losses in Q2 (September quarter) driven by flood claims, fire rate discounts, and higher motor compensation liabilities.
- Monthly technical trend is bearish; stock is down -14.4% over six months and -25.3% since the start of the tracked period.
- Current price of ₹342.50 is near immediate support at ₹339.30 (-0.93%), with resistance overhead at ₹344.55 (+0.60%).
- Annualized volatility stands at +29.9%, highlighting elevated price risk for investors.

- [Floods and falling fire rates hurt general insurers in September quarter | Mint](https://www.livemint.com/industry/floods-and-falling-fire-rates-hurt-general-insurers-in-september-quarter-11793939120500.html)
- [General Insurance Corporation of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GICRE_05112026225025_SEintimationQ2InvestorPresentationsigned.pdf)
- [General Insurance Corporation of India has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GICRE_03112026185431_signedSEintimationInvestorcall6thNov2026.pdf)
- [GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20261103_185216536.xml)
- [General Insurance Corporation of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201103_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding Outcome of Board Meeting held on October 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201202_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding a press release dated October 30, 2026, titled "GIC Re announces Financial Performance for the period ended 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/GICRE_30102026201530_signedPressRelease30102026.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750474_30102026082326_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750476_30102026082433_WEB.xml)
- [General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication, published today for Postal ballot notice |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GICRE_23102026130753_GICREintimationofpostalballotad.pdf)

### FAQs

**What were GICRE's key financial results for the half-year ended September 30, 2026?**

For H1 FY2026–27, GICRE reported a standalone profit after tax of ₹4,37,766 lakh and a consolidated profit of ₹4,70,936 lakh. The company achieved a standalone gross written premium of ₹24,704 crore with a combined ratio of 107.4% and a solvency ratio of 418%.

**When is GICRE’s earnings call scheduled, and who will participate?**

GICRE will host an earnings conference call on November 6, 2026, from 11:30 a.m. to 12:30 p.m. IST. Chairman cum Managing Director Mr. Hitesh Joshi and other top management members will participate to discuss the financial results for the period ended September 30, 2026.

**How has GICRE's stock price performed recently relative to its historical levels?**

As of November 6, 2026, GICRE closed at ₹342.50. The stock has declined -9.4% year-to-date and -8.4% over the past year. It is currently trading in a significant drawdown of -26.3% from its peak, with a maximum historical drawdown of -33.5%.

**What leadership changes occurred within GICRE's management?**

Executive Director Ms. Jayashri Balkrishna has opted for voluntary retirement under the Corporation’s VRS for personal reasons. She will relinquish her office as Executive Director (Key Managerial Personnel) from the date she is relieved, which will be communicated separately.

- [Floods and falling fire rates hurt general insurers in September quarter | Mint](https://www.livemint.com/industry/floods-and-falling-fire-rates-hurt-general-insurers-in-september-quarter-11793939120500.html)
- [General Insurance Corporation of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/GICRE_05112026225025_SEintimationQ2InvestorPresentationsigned.pdf)
- [General Insurance Corporation of India has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GICRE_03112026185431_signedSEintimationInvestorcall6thNov2026.pdf)
- [GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20261103_185216536.xml)
- [General Insurance Corporation of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201103_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding Outcome of Board Meeting held on October 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICRE_30102026201202_signedOutcomeofBM30102026.pdf)
- [General Insurance Corporation of India has informed the Exchange regarding a press release dated October 30, 2026, titled "GIC Re announces Financial Performance for the period ended 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/GICRE_30102026201530_signedPressRelease30102026.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750474_30102026082326_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750476_30102026082433_WEB.xml)
- [General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication, published today for Postal ballot notice |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GICRE_23102026130753_GICREintimationofpostalballotad.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹335.7
- Risk regime: Price Risk Requires Attention

### Support levels
- 339.3
- 308.8
- 330.4

### Resistance levels
- 391.73974609375
- 416.90625
- 438.6

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.96% |
| return_10 | +5.79% |
| return_1m | +8.99% |
| return_1y | -8.41% |
| return_20 | +10.81% |
| return_3m | -4.56% |
| return_5 | +10.18% |
| return_6m | -14.36% |
| return_since_start | -25.31% |
| return_ytd | -9.36% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.51% |
| annualized_volatility | +29.92% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# General Insurance Corporation of India FY2026-27 Q2: Profit rebounds 70% QoQ

GIC Re’s consolidated profit after tax rose 70.1% quarter on quarter to ₹2,966 crore in Q2 FY2026-27, while profit before tax increased 56.4% to ₹3,619 crore. Higher net investment income and lower reported claims and operating expenses accompanied the profit rebound, even as gross premiums written fell 17.5% sequentially. Year on year, profit after tax increased 3.2% and gross premiums written rose 15.1%.

## Premiums declined sequentially but grew year on year

Gross premiums written were ₹11,171 crore, down from ₹13,542 crore in Q1 FY2026-27 but up 15.1% from ₹9,706 crore in Q2 FY2025-26. Net premiums written fell 16.8% quarter on quarter to ₹10,578 crore, while rising 23.2% year on year.

Premium earned declined 3.5% sequentially to ₹10,712 crore, a smaller fall than written premiums, and was 20.0% higher than a year earlier. Gross premiums written in Q2 were close to the ₹11,161 crore recorded in Q4 FY2025-26 and ₹11,083 crore in Q3 FY2025-26, after the higher Q1 level.

## Investment income rose as the combined ratio improved

Net income from investments increased 29.3% quarter on quarter to ₹2,828 crore from ₹2,187 crore in Q1 FY2026-27. It was 10.2% higher than the ₹2,567 crore reported in Q2 FY2025-26. Investments stood at ₹1,58,271 crore as of 30 September 2026.

The combined ratio improved to 1.0601 from 1.0778 in Q1 FY2026-27 and 1.1135 in Q2 FY2025-26, but remained above 1.0. Incurred claims fell 9.0% sequentially to ₹8,873 crore, while operating expenses declined 7.4% to ₹11,323 crore. Commissions and brokerage net eased 2.6% to ₹2,330 crore, and operating expenses related to the insurance business fell 11.6% to ₹121 crore.

Operating income was ₹13,633 crore, up 2.0% quarter on quarter and 15.0% year on year. The lower combined ratio indicates an improvement in the reported underwriting measure, although it remained above 1.0.

## Profit growth was stronger sequentially than year on year

Profit before tax increased to ₹3,619 crore from ₹2,315 crore in Q1 FY2026-27 and was 3.7% above the ₹3,491 crore recorded in Q2 FY2025-26. Profit after tax of ₹2,966 crore compared with ₹1,744 crore in Q1 and ₹2,874 crore a year earlier.

Provision for tax was ₹653 crore, up 14.5% quarter on quarter. Non-operating expense was ₹45 crore, compared with a net credit of ₹11 crore in Q1 FY2026-27.

## Balance sheet and solvency

Total assets were ₹1,00,348 crore as of 30 September 2026, compared with ₹98,750 crore at 30 June 2026. Reserves and surplus stood at ₹59,679 crore, and shareholders’ funds at ₹13,570 crore. Current assets were ₹66,498 crore and current liabilities ₹1,04,500 crore at quarter-end.

The reported solvency ratio was 0.0418, down from 0.0432 at 30 June 2026 but above 0.0385 at 30 September 2025.

## Key Takeaway

Q2 delivered a sharp sequential profit rebound alongside higher investment income and lower reported claims and operating expenses, despite lower written premiums. The combined ratio improved but remained above 1.0, while year-on-year profit growth was much more modest than the quarter-on-quarter increase.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +77.40%
- FII holding: +2.40%
- DII holding: +17.71%
- Mutual fund holding: +3.81%
- Retail holding: +1.75%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +77.40%
- LIFE INSURANCE CORPORATION OF INDIA — +11.65%
- ICICI PRUDENTIAL AGGRESSIVE HYBRID FUND — +1.94%
- BANDHAN LARGE & MID CAP FUND — +1.06%

## Official filings

- 2026-11-07 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20261107_093617944.xml)
- 2026-11-07 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_07112026093725_signedIntimationEarningscallaudioQ22027signed.pdf)
- 2026-11-05 — Earnings Presentation: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_05112026225025_SEintimationQ2InvestorPresentationsigned.pdf)
- 2026-11-03 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_03112026185431_signedSEintimationInvestorcall6thNov2026.pdf)
- 2026-11-03 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20261103_185216536.xml)
- 2026-10-30 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_30102026201103_signedOutcomeofBM30102026.pdf)
- 2026-10-30 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_30102026201202_signedOutcomeofBM30102026.pdf)
- 2026-10-30 — Press Release: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_30102026201530_signedPressRelease30102026.pdf)
- 2026-10-30 — Financial Results Filing: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750474_30102026082326_WEB.xml)
- 2026-10-30 — Financial Results Filing: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_GI_1750476_30102026082433_WEB.xml)
- 2026-10-23 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_23102026130753_GICREintimationofpostalballotad.pdf)
- 2026-10-23 — Board Meeting Notice: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15548_WebXMLFile_20261023_220310271.xml)
- 2026-10-23 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15548_WebXMLFile_20261023_220310271.xml)
- 2026-10-23 — Board Meeting Notice: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_23102026220440_SEintimationBoardMeetingReg2930102026signed.pdf)
- 2026-10-22 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_15548_WebXMLFile_20261022_185033219.xml)
- 2026-10-22 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_22102026190259_GICRELetterforpostalballotnotice.pdf)
- 2026-10-19 — Shareholding Disclosure: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741246_19102026124915_WEB.xml)
- 2026-10-13 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_13102026160753_SignedSEintimationReg74DPRegulations.pdf)
- 2026-10-10 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15548_WebXMLFile_20261010_104751250.xml)
- 2026-10-09 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_09102026191448_intimationforrelocationandCRO.pdf)
- 2026-10-09 — Management Change: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_09102026190915_intimationforrelocationandCRO.pdf)
- 2026-10-09 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_09102026191252_intimationforrelocationandCRO.pdf)
- 2026-10-08 — Credit Rating Update: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_08102026221205_SignedSEintimationReaffirmationofAMBESTCreditRating.pdf)
- 2026-10-01 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15548_WebXMLFile_20261001_213353055.xml)
- 2026-10-01 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_01102026213036_signed_SE_intimation_Appointment_of_Auditors.pdf)

## News and market events

- 2026-11-06 — Mint: **Floods and falling fire rates hurt general insurers in September quarter | Mint** — India’s listed multiline general insurers reported underwriting losses in the September quarter due to severe monsoon flood claims, aggressive price discounting in fire insurance, and increased liabilities from a Supreme Court ruling on motor accident compensation. While standalone health insurers achieved profitability driven by premium growth and tax exemptions, investment gains partially offset the sector's broader financial strain. The heavy claims burden has also pressured solvency ratios for some players, with New India Assurance recording a significant net loss. — [Source](https://www.livemint.com/industry/floods-and-falling-fire-rates-hurt-general-insurers-in-september-quarter-11793939120500.html)
- 2026-09-30 — BUSINESSTODAY: **Harshad Mehta scam to insurance reforms: Why Deepak Shenoy calls regulation 'a feature, not a bug'** — Harshad Mehta scam to insurance reforms: Why Deepak Shenoy calls regulation 'a feature, not a bug' — [Source](https://www.businesstoday.in/latest/corporate/story/harshad-mehta-scam-to-insurance-reforms-why-deepak-shenoy-calls-regulation-a-feature-not-a-bug-558897-2026-10-01)
- 2026-09-28 — CNBC-TV18: **Julius Baer’s Rupen Rajguru bets on cheap banks and high-growth stocks** — Rupen Rajguru, Head-Equity Investments and Strategy at Julius Baer India outlines a barbell strategy favouring derated private banks and high-growth capital goods, capital-market and manufacturing businesses amid market pressure. — [Source](https://www.cnbctv18.com/market/private-banks-capex-hdfc-insurance-market-strategy-julius-baer-20000063.htm)
- 2026-09-28 — BUSINESSTODAY: **PB Fintech shares: Macquarie target on battered stock hints at 67% upside** — PB Fintech share, PB Fintech share price, PB Fintech share price target, PB Fintech stock price, PB Fintech target, PB Fintech target price, PB Fintech news — [Source](https://www.businesstoday.in/markets/stocks/story/pb-fintech-shares-macquarie-target-on-battered-stock-hints-at-67-upside-558121-2026-09-28)
- 2026-09-27 — IANSLIVE.IN: **How Bharat Maritime Insurance Pool is helping shipping sector tide over war-risk** — New Delhi, Sep 27 (IANS) The launch of Bharat Maritime Insurance Pool (BMIP) in May 2026 marks a significant milestone in India’s maritime insurance sector. Since its operational launch, the BMIP has ensured uninterrupted war-risk insurance for Indian maritime stakeholders. — [Source](https://ianslive.in/how-bharat-maritime-insurance-pool-is-helping-shipping-sector-tide-over-war-risk--20260927133603)
- 2026-09-26 — BUSINESSTODAY: **Insurance commissions vs premiums: Why distributor payouts are rising much faster** — Insurance commissions vs premiums: Why distributor payouts are rising much faster — [Source](https://www.businesstoday.in/latest/corporate/story/insurance-commissions-vs-premiums-why-distributor-payouts-are-rising-much-faster-558054-2026-09-27)
- 2026-09-24 — BUSINESS: **Insurance stocks tumble as IRDAI proposes overhaul of distribution economics** — Insurance stocks came under pressure on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) proposed changes to insurance distribution. — [Source](https://www.business-standard.com/markets/capital-market-news/insurance-stocks-tumble-as-irdai-proposes-overhaul-of-distribution-economics-126092400618_1.html)
- 2026-09-24 — Economic Times: **IFCI, New India Assurance, other stocks drop up to 3% as NSE makes a muted market debut. What to expect?** — On Thursday, shares of IFCI, New India Assurance Company, and General Insurance Corporation fell up to 3%. The National Stock Exchange listed with less than a 1% premium over the IPO price. NSE's initial public offering aimed to raise Rs 22,562 crore entirely through an offer for sale. Analysts anticipated long-term potential for NSE despite the muted listing, with a target price of Rs 1,965. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ifci-new-india-assurance-other-stocks-fall-up-to-3-ahead-of-nses-stock-market-debut-today-what-to-expect/articleshow/134451099.cms)
- 2026-09-24 — BUSINESSTODAY: **NSE stock rises 5% on market debut: How shares of IFCI, SBI, Bank of Baroda, GIC Re are trading today** — NSE stock listing, NSE stock price today, NSE stock price, SBI, Bank of Baroda, GIC Re , New India Assurance, NSE upcoming IPO, NSE IPO price range, New India Assurance stock — [Source](https://www.businesstoday.in/markets/stocks/story/nse-stock-rises-on-market-debut-how-shares-of-ifci-sbi-bank-of-baroda-gic-re-are-trading-today-557466-2026-09-24)
- 2026-09-24 — Mint: **15 global reinsurers likely to seek GIFT IFSC entry | Mint** — GIFT IFSC reinsurance business surges as foreign reinsurers seek regulatory preference, lower costs and access to India’s growing insurance market. — [Source](https://www.livemint.com/industry/15-global-reinsurers-likely-to-seek-gift-ifsc-entry-11790147669622.html)
- 2026-09-23 — CNBC-TV18: **NSE IPO listing date, time, GMP today: What investors should watch on September 24** — NSE IPO listing date is September 24. Check NSE IPO listing time, GMP today, expected listing price, allotment, subscription and key factors to watch. — [Source](https://www.cnbctv18.com/market/nse-ipo-listing-date-time-gmp-today-what-investors-should-watch-19997026.htm)
- 2026-09-23 — CNBC-TV18: **IRDAI moves to curb commissions on insurance policies** — The Insurance Regulatory and Development Authority of India (IRDAI) has proposed sweeping restrictions on commissions paid on insurance products, signalling a major policy reversal as it seeks to rein in what it describes as a "high-cost and commission-led" distribution model that is hurting policyholders and inflating insurers' acquisition costs. — [Source](https://www.cnbctv18.com/business/irdai-moves-to-curb-commissions-on-insurance-policies-19996987.htm)
- 2026-09-22 — BUSINESS: **National Stock Exchange of India (NSE) IPO ends with 5.71 times subscription** — The offer received bids for 50.58 crore shares as against 8.86 crore shares on offer. — [Source](https://www.business-standard.com/markets/capital-market-news/national-stock-exchange-of-india-nse-ipo-ends-with-5-71-times-subscription-126092200505_1.html)
- 2026-09-21 — CNBC-TV18: **NSE IPO Day 3: GMP falls to ₹48; final day bidding begins** — On Day 2, the NSE IPO was subscribed 1.26 times overall, with investors placing bids for 11.20 crore shares against 8.86 crore shares on offer. The qualified institutional buyers (QIBs) portion was subscribed 1.59 times, while the non-institutional investors (NIIs) category saw 1.89 times subscription. The retail portion was subscribed 81%. — [Source](https://www.cnbctv18.com/market/nse-ipo-day-3-subscription-gmp-grey-market-premium-falls-final-day-bidding-allotment-listing-dates-19994558.htm)
- 2026-09-21 — News18: **NSE IPO Last Day: GMP Falls; Should You Subscribe? Check Subscription Status, Price, Other Details** — So far, the 22,561.57-crore IPO has received a 1.15x subscription, garnering bids for 10.16 crore shares, compared with 8.86 crore shares on offer. — [Source](https://www.news18.com/business/ipo/nse-ipo-last-day-gmp-falls-should-you-subscribe-check-subscription-status-price-other-details-10343131.html)
- 2026-09-21 — News18: **NSE IPO Day 2: Issue Subscribed 1.15x So Far, GMP Falls To 6%; Should You Apply? Check Details** — So far, the 22,561.57-crore IPO has received a 2.41x subscription, garnering bids for 21,38,31,424 shares, compared with 8,86,42,912 shares on offer. — [Source](https://www.news18.com/business/ipo/nse-ipo-day-2-check-subscription-status-and-gmp-today-10337952.html)
- 2026-09-18 — Economic Times: **NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times** — NSE IPO GMP Live: The second day of bidding begins for the Rs 22,562 crore NSE IPO, with the issue commanding a grey market premium of around 8%. On Day 1, the IPO was subscribed 43% overall, with bids received against the 8.86 crore shares on offer. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/nse-ipo-gmp-live-updates-nse-ipo-subscription-price-band-listing-date-latest-news/liveblog/134300009.cms)
- 2026-09-17 — News18: **NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?** — NSE IPO GMP: At the upper IPO price of Rs 1,785, the current GMP points to indicative listing price of around Rs 1,925, implying a potential premium of 7.84% over the issue price. — [Source](https://www.news18.com/business/ipo/nse-ipo-day-1-check-subscription-status-gmp-today-10335513.html)
- 2026-09-17 — MONEYCONTROL: **NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE share price, NSE IPO price band, NSE valuation, NSE IPO valuation, NSE offer for sale, NSE OFS, NSE investors, NSE registered investors, NSE shareholders, NSE market share, NSE financial performance, NSE IPO investment — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-opens-today-from-132-37-million-investors-to-a-rs-4-42-lakh-crore-valuation-what-are-you-actually-buying-14031668.html)
- 2026-09-17 — MONEYCONTROL: **NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE share price, NSE IPO price band, NSE valuation, NSE IPO valuation, NSE offer for sale, NSE OFS, NSE investors, NSE registered investors, NSE shareholders, NSE market share, NSE financial performance, NSE IPO investment — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-opens-today-what-does-100-ofs-mean-and-where-does-the-investor-s-money-go-14031662.html)
- 2026-09-17 — News18: **NSE IPO Opens Today: GMP Falls To 7%; Should You Apply? Check Price, Lot Size, Recommendations** — Know everything about the NSE IPO, including the price band, lot size, grey market premium (GMP), anchor book, financial performance and brokerage recommendations. — [Source](https://www.news18.com/business/ipo/nse-ipo-opens-today-gmp-falls-to-7-should-you-apply-check-price-lot-size-recommendations-10335220.html)
- 2026-09-16 — CNBC-TV18: **NSE IPO Opens Today: Should You Subscribe? GMP, Price Band, Lot Size Explained** — NSE IPO: Retail investors required to make a minimum investment of ₹14,280 at the upper end of the price band to bid for one lot. Bids can subsequently be made in multiples of eight shares. — [Source](https://www.cnbctv18.com/market/nse-ipo-day-1-subscription-should-you-subscribe-price-band-gmp-valuation-risks-lot-size-19992306.htm)
- 2026-09-16 — Economic Times: **NSE IPO: Every Rs 10 move in shares could swing Radhakishan Damani’s wealth by nearly Rs 40 crore** — Radhakishan Damanis 1.58% stake in NSE could see its value swing by nearly Rs 40 crore for every Rs 10 move in the exchanges share price after listing. His 3.91 crore shares are valued at around Rs 6,980 crore at the upper IPO price band of Rs 1,785. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-every-rs-10-move-in-shares-could-swing-radhakishan-damanis-wealth-by-nearly-rs-40-crore/articleshow/134284452.cms)
- 2026-09-16 — MONEYCONTROL: **NSE's selling shareholders set to make gains of Rs 16,500 crore from upcoming IPO** — nse, national stock exchange, nse ipo, national stock exchange ipo — [Source](https://www.moneycontrol.com/news/business/markets/nse-s-selling-shareholders-set-to-make-gains-of-rs-16-500-crore-from-upcoming-ipo-14030963.html)
- 2026-09-14 — BUSINESSTODAY: **NSE IPO: Key highlights and risk factors for Rs 22,569-crore share sale by brokerage** — NSE IPO, NSE IPO highlights, NSE IPO risks, NSE IPO launch date, NSE IPO price band, NSE IPO launch date, SBI, Bank of Baroda, GIC Re , New India Assurance, NSE upcoming IPO, NSE IPO price range, Bank of Baroda shares, Bank of Baroda stock, New India Assurance stock — [Source](https://www.businesstoday.in/markets/stocks/story/nse-ipo-key-highlights-and-risk-factors-for-rs-22569-crore-share-sale-by-brokerage-555334-2026-09-14)

## Business profile

**Strategic vision:** Reinsurance company providing coverage to general insurers.

### Business segments
- **Property Reinsurance:** Provides reinsurance coverage for property-related general insurance business.
- **Marine Reinsurance:** Offers reinsurance for marine and shipping-related general insurance policies.
- **Engineering Reinsurance:** Provides reinsurance for engineering and construction project-related general insurance.
- **Miscellaneous Reinsurance:** Covers a range of other general insurance classes not specified elsewhere.
- **Liability Reinsurance:** Offers reinsurance for various liability insurance policies.
- **Credit/Surety Reinsurance:** Provides reinsurance for credit and surety insurance products.
- **Spares Reinsurance:** Offers reinsurance for insurance related to spare parts.
- **Health Reinsurance:** Provides reinsurance for health insurance policies.
- **Agriculture/Weather Insurance Reinsurance:** Offers reinsurance for agricultural and weather-related insurance.
- **Motor Reinsurance:** Provides reinsurance for motor vehicle insurance.
- **Workmen Compensation Reinsurance:** Offers reinsurance for workmen's compensation insurance.
- **Aviation Reinsurance:** Provides reinsurance for aviation-related insurance.
- **Life Reinsurance:** Offers reinsurance for life insurance policies.

### Competitive strengths
- Sole Indian Reinsurer in the domestic market
- Established international network of branches and subsidiaries

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/gicre
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