# GICRE (GICRE) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹352
- Change: +3.59%
- As of: 2026-09-18
- 1D return: +3.30%
- 5D return: +2.12%
- 1M return: -2.45%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹351.0, showing a mixed technical stance across different timeframes. Daily indicators suggest a bearish trend, with the price below the Supertrend indicator (₹364.73) and key moving averages like the 50-day SMA (₹355.56) and 50-day EMA (₹355.42). However, the weekly timeframe presents a conflicting bullish signal from the Supertrend indicator (₹337.94), although the price remains below its weekly 20-day and 50-day EMAs and SMAs. The monthly timeframe also indicates a bearish trend, with the price below its Supertrend (₹469.23) and 20-day EMA (₹377.83).

Nearest support is observed around ₹350.33, approximately 0.19% below the current price, followed by ₹347.63. Overhead resistance is noted at ₹353.97, about 0.85% higher. The stock has experienced unusual price movements recently, including a 3% upward move on September 18, 2026, and a 3% downward move on September 15, 2026. The current setup carries risk, with annualized volatility at 30% and a current drawdown of -24%. Active weekly patterns include a Doji and a Harami formation.

Key watch conditions include monitoring the price action relative to the ₹350.33 support level and the ₹353.97 resistance. A sustained move below ₹350.33 could reinforce the bearish daily and monthly outlooks, while a break above ₹353.97 might signal a potential shift, especially if it aligns with a stronger weekly trend confirmation.

- Current price on September 18, 2026: ₹351.0.
- Nearest support level: ₹350.33 (approx. 0.19% below current price).
- Nearest resistance level: ₹353.97 (approx. 0.85% above current price).
- Daily and monthly timeframes show bearish trends, while the weekly timeframe shows a bullish Supertrend signal but price below key moving averages.
- Watch for price movement around ₹350.33 support and ₹353.97 resistance for potential trend confirmation or reversal cues.

- Doji
- Harami
- Bearish Engulfing Reversal
- Outside Bar

### News Context

The National Stock Exchange (NSE) IPO entered its second day of bidding on September 18, 2026, with reports indicating a grey market premium (GMP) of approximately 8%. On the first day of bidding, September 17, the IPO had garnered bids for 3,83,37,528 shares against the 8,86,42,912 shares on offer, representing a subscription rate of 0.43x. The IPO, valued at ₹22,562 crore, is structured as a 100% offer for sale (OFS). The GMP on September 17 suggested an indicative listing price of around ₹1,925, implying a potential premium of 7.84% over the issue price of ₹1,785.

- On September 18, 2026, the NSE IPO was reported to have an 8% grey market premium (GMP) on its second day of bidding.
- By the end of the first day of bidding on September 17, 2026, the NSE IPO was subscribed 43% (0.43x).
- The total issue size for the NSE IPO is ₹22,562 crore.
- The NSE IPO is structured as a 100% offer for sale (OFS).
- On September 17, 2026, the GMP suggested a potential listing price of ₹1,925, an increase of 7.84% from the IPO price of ₹1,785.

- 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 Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?
- NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?
- NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?

### What Changed

The company, General Insurance Corporation of India (GICRE), is currently associated with news regarding the National Stock Exchange (NSE) IPO. On September 18, 2026, the NSE IPO was in its second day of bidding, with an 8% grey market premium (GMP) reported. The IPO, valued at ₹22,562 crore, had seen 43% subscription by the end of its first day of bidding on September 17, 2026, with bids received for 3,83,37,528 shares against 8,86,42,912 shares on offer. Separately, GICRE's stock price saw an increase, closing at ₹351.0 on September 18, 2026, up from its previous close of ₹339.8.

- On September 18, 2026, the NSE IPO, a ₹22,562 crore issue, was on its second day of bidding with an 8% grey market premium.
- By the end of the first day of bidding on September 17, 2026, the NSE IPO was subscribed 43%, with 3,83,37,528 shares bid out of 8,86,42,912 offered.
- GICRE's stock price closed at ₹351.0 on September 18, 2026, an increase from the previous close of ₹339.8.

- 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 Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details

### Official Filings

General Insurance Corporation of India (GIC Re) has announced changes to its Board of Directors. On September 15, 2026, the Central Government appointed Shri Divesh Sehara as a Director (Government Nominee) with immediate effect, replacing Shri Manoj Muttathil Ayyappan. Shri Sehara, an IAS officer and Joint Secretary in the Ministry of Finance, Department of Financial Services, has been appointed for a term until further orders. Separately, the company has scheduled its 54th Annual General Meeting (AGM) for September 22, 2026. Key agenda items for the AGM include the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the declaration of a final dividend of ₹13.25 per equity share. The AGM will also seek approval for the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director, Dr. Debasish Prusty as Government Nominee Director, and Shri Hiteshkumar Kismatbhai Bhandari as an Independent Director. GIC Re also confirmed that senior management will participate in investor and analyst meetings on September 18 and 21, 2026, with JP Morgan India, SBI Pension Fund, Tata Mutual Fund, ICICI Prudential Mutual Fund, and Bandhan Mutual Fund, stating that no unpublished price-sensitive information will be shared.

- On September 15, 2026, Shri Divesh Sehara was appointed as a Government Nominee Director on the Board.
- The 54th Annual General Meeting is scheduled for September 22, 2026.
- A final dividend of ₹13.25 per equity share for the financial year ended March 31, 2026, is proposed for approval at the AGM.
- Appointments of Shri Hitesh Rameshchandra Joshi (Chairman-cum-Managing Director), Dr. Debasish Prusty (Government Nominee Director), and Shri Hiteshkumar Kismatbhai Bhandari (Independent Director) are to be considered at the AGM.
- Investor and analyst meetings are scheduled for September 18 and 21, 2026.

- GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- General Insurance Corporation of India has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- 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 has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- General Insurance Corporation of India has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026 |SUBJECT: Shareholders meeting
- GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 22-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- AS ON DATE : 31-AUG-26
- GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- General Insurance Corporation of India has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

General Insurance Corporation of India (GICRE) reported an increase in its operating income for the first quarter of FY2026-27, reaching ₹13,360.54 crore. This was driven by growth in both Gross Premiums Written, which stood at ₹13,541.51 crore in Q1 FY2026-27, and Net Premiums Written at ₹12,720.56 crore for the same period. The company also saw its Premium Earned rise to ₹11,097.77 crore in Q1 FY2026-27. Investment income contributed positively, with Net Income From Investments at ₹2,186.93 crore in the latest reported quarter. Commissions and Brokerage Net also increased sequentially and year-on-year, reaching ₹2,391.89 crore in Q1 FY2026-27.

- Gross Premiums Written for Q1 FY2026-27 were ₹13,541.51 crore.
- Net Premiums Written for Q1 FY2026-27 were ₹12,720.56 crore.
- Premium Earned in Q1 FY2026-27 was ₹11,097.77 crore.
- Income From Investments Net in Q1 FY2026-27 was ₹2,186.93 crore.
- Operating Income for Q1 FY2026-27 reached ₹13,360.54 crore.
- Commissions And Brokerage Net in Q1 FY2026-27 was ₹2,391.89 crore.

### Bull Case

The company's weekly trend analysis indicates a bullish signal, with the SuperTrend indicator at 337.94. This suggests a potential upward movement in the stock price over the medium term. Additionally, the stock is trading near several support levels, with the closest at 350.33, which is only 0.19% below the current price of 351.0. This proximity to support may offer a floor for the stock price.

- Weekly SuperTrend indicator is bullish at 337.94 as of 2026-09-18.
- The stock is trading at 351.0, with a support level identified at 350.33 (0.19% distance).

- 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 Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?
- NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?
- NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?

### Bear Case

The company's technical indicators suggest a cautious outlook. Daily and monthly trends are exhibiting bearish signals, with the Supertrend indicator pointing downwards on both timeframes. While the weekly trend shows a bullish Supertrend direction, the Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) on the daily and weekly charts are below their longer-term counterparts, and the EMAs show a negative slope. The stock is trading below its 20-day and 50-day SMAs, and its 200-day SMA, indicating potential short-to-medium term weakness. Recent returns have been negative across multiple periods, including a 1-year return of -4% and a year-to-date return of -7%. The company also faces a significant drawdown of -24% from its recent peak, with a maximum drawdown of -27%.

- Daily and monthly Supertrend indicators are in a bearish direction as of 2026-09-18.
- The stock's closing price of ₹351.0 on 2026-09-18 is below its 20-day SMA of ₹350.31 and 50-day SMA of ₹355.56.
- The 1-year return was -4% and the year-to-date return was -7% as of 2026-09-18.
- The current drawdown stands at -24% as of 2026-09-18.

- 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 Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?
- NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?
- NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?

### FAQs

**What recent changes have occurred regarding the Board of Directors at General Insurance Corporation of India?**

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.

**What is the recent technical trend for General Insurance Corporation of India shares?**

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.

**What are the recent performance returns for General Insurance Corporation of India shares?**

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%.

**What upcoming investor interactions are scheduled for General Insurance Corporation of India?**

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.

- 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 Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?
- NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?
- NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?
- GENERAL INSURANCE CORPORATION OF INDIA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- General Insurance Corporation of India has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- 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 has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- General Insurance Corporation of India has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹341.43
- Risk regime: Price Risk Requires Attention

### Support levels
- 347.63125
- 341.6
- 350.3333333333333

### Resistance levels
- 391.73974609375
- 416.90625
- 438.6

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.30% |
| return_10 | -1.45% |
| return_1m | -2.47% |
| return_1y | -3.68% |
| return_20 | -2.45% |
| return_3m | -1.71% |
| return_5 | +2.12% |
| return_6m | -5.37% |
| return_since_start | -23.45% |
| return_ytd | -7.11% |

### 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 | -27.35% |
| annualized_volatility | +29.99% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Gross Premiums Rose While Earned Revenue Declined as Claims Provisions Surged

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.

## Revenue Recognition and Premium Dynamics

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.

## Claims Provisioning and Underwriting Results

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.

## Expense Structure and Profitability Compression

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.

## Capital Position

Despite the contraction in earnings, the solvency ratio increased to 0.0432 from 0.0385 a year earlier.

## Management Commentary

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15548_WebXMLFile_20260916_125025125.xml)
- 2026-09-15 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_15092026195341_SEintimationShriDiveshSeharaJS.pdf)
- 2026-09-15 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20260915_200352807.xml)
- 2026-09-15 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_15092026200544_signedSEintimationInvestorAnalystMeet18thand21stSeptember2026.pdf)
- 2026-08-31 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_31082026232351_SEintimationPreDispatch54thAGMnewspaperAd.pdf)
- 2026-08-31 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_31082026233538_IntimationtoSENoticeofAGM20252026.pdf)
- 2026-08-31 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_15548_WebXMLFile_20260901_002444736.xml)
- 2026-08-30 — Annual Report: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30953_GICRE_2025_2026_A_11131755_31082026234331.pdf)
- 2026-08-21 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20260821_133751592.xml)
- 2026-08-20 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_20082026162550_SEintimationTranscriptQ1FY2027signed.pdf)
- 2026-08-19 — Earnings Presentation: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_19082026224122_SEintimationrevisedInvestorPPT.pdf)
- 2026-08-17 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_17082026181705_IntimationAudioRecordingQ12027signed.pdf)
- 2026-08-17 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20260817_181729670.xml)
- 2026-08-15 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_15082026113036_TDSCOMMUNICATION.pdf)
- 2026-08-14 — Earnings Presentation: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_15082026002831_SEintimationPresentationQ12027.pdf)
- 2026-08-14 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_14082026083240_IntimationtoSEappointment.pdf)
- 2026-08-14 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15548_WebXMLFile_20260814_130424297.xml)
- 2026-08-13 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_13082026134834_SEintimationupdateonappointmentofCS.pdf)
- 2026-08-13 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_13082026134309_OutcomeofBM13thaugust2026f.pdf)
- 2026-08-13 — Press Release: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_13082026135949_PressRelease13thAugust2026.pdf)
- 2026-08-12 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_12082026173447_SEintimationEarningscallQ12027signed.pdf)
- 2026-08-12 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/GICRE_13082026000604_IntimationtoSE.pdf)
- 2026-08-12 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15548_WebXMLFile_20260812_173621658.xml)
- 2026-08-07 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15548_WebXMLFile_20260807_225927646.xml)
- 2026-08-05 — Generic Announcement: General Insurance Corporation of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15548_WebXMLFile_20260805_225255632.xml)

## News and market events

- 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)
- 2026-09-18 — News18: **NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details** — On the first day of bidding on Thursday, the 22,561.57-crore IPO received a 0.43x subscription, garnering bids for 3,83,37,528 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)
- 2026-09-17 — 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)
- 2026-09-13 — Mint: **NSE IPO: SBI, BoB, LIC to New India Assurance Company | Top 10 selling shareholders earn up to 5,57,700% return** — NSE IPO: The weighted average cost of acquisition of the NSE shares for The New India Assurance Company and National Insurance Company is  ₹0.32 per share — [Source](https://www.livemint.com/market/ipo/nse-ipo-sbi-bob-lic-to-new-india-assurance-company-top-10-selling-shareholders-earn-up-to-5-57-700-return-11789293789157.html)
- 2026-09-13 — Mint: **NSE IPO GMP Today Price: Latest grey market premium rates after band announcement - Data details here** — Based on grey market trends over the past 10 sessions, the current GMP of  ₹207 suggests a bearish sentiment. During this period, the GMP fluctuated between a low of  ₹192 and a high of  ₹310. — [Source](https://www.livemint.com/market/ipo/nse-ipo-gmp-today-price-latest-grey-market-premium-rates-after-band-announcement-data-details-here-11789285660693.html)
- 2026-09-12 — REDIFF.COM: **'After 6 Months, NSE Scrip Will Have 100% Free Float'** — 'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.' — [Source](https://www.rediff.com/business/report/after-6-months-nse-scrip-will-have-100-free-float/20260912.htm)
- 2026-09-12 — Mint: **NSE IPO: No more India’s biggest! From DRHP to RHP | Price, size to stake sale — Top 5 changes to know for investors** — NSE IPO size: The exchange has reduced its offer from around 14.89 crore to 12,64,36,650 leading to reduction in the offer size from  ₹30,000 crore to  ₹22,569 crore — [Source](https://www.livemint.com/market/ipo/nse-ipo-no-more-india-s-biggest-from-drhp-to-rhp-price-size-to-stake-sale-top-5-changes-to-know-for-investors-11789196880367.html)
- 2026-09-12 — Economic Times: **NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785** — The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per share. This offer for sale will raise ₹22,561.5 crore from existing shareholders. The issue size was reduced by fifteen percent from earlier proposals. Share allotment is expected September 22, with listing on September 24. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-set-to-open-for-public-on-september-17-price-band-at-1700-1785/articleshow/134101811.cms)
- 2026-09-11 — Economic Times: **NSE's IPO to be second biggest till now as offer size cut, price band lowered** — India's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors will sell fewer shares at a revised price band, aiming to raise between Rs 21,494 crore and Rs 22,569 crore. The public can subscribe from September 17 to September 21, with the official listing set for September 24, marking a pivotal advancement for NSE. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nses-ipo-to-be-second-biggest-till-now-as-offer-size-cut-price-band-lowered/articleshow/134074277.cms)
- 2026-09-11 — MONEYCONTROL: **Most free cash flow returned to shareholders, says NSE on Rs 70,000 crore cash pile** — national stock exchange, nse, nse ipo, national stock exchange Ipo, ashishkumar chauhan — [Source](https://www.moneycontrol.com/news/business/markets/most-free-cash-flow-returned-to-shareholders-says-nse-on-rs-70-000-crore-cash-pile-14028165.html)
- 2026-09-11 — BUSINESS: **NSE IPO: Exchange eyes revenue diversification beyond options trading** — NSE management says new businesses, SIFs, commodities and ETFs could diversify revenue, while clarifying it has not sought permission to trade its shares on NSE — [Source](https://www.business-standard.com/markets/news/nse-ipo-exchange-eyes-revenue-diversification-beyond-options-trading-126091101307_1.html)
- 2026-09-11 — MONEYCONTROL: **We are regulators first, business second, says NSE's Ashishkumar Chauhan** — national stock exchange, nse, nse ipo, national stock exchange Ipo, ashishkumar chauhan — [Source](https://www.moneycontrol.com/news/business/markets/we-are-regulators-first-business-second-says-nse-s-ashishkumar-chauhan-14028156.html)
- 2026-09-11 — FREEPRESSJOURNAL.IN: **NSE IPO Price Band Fixed At ₹1,700–₹1,785, Retail Investors Need ₹14,280 For One Lot** — NSE’s IPO opens September 17 at Rs 1,700–Rs 1,785 a share, with retail bids starting at Rs 13,600. The Rs 22,563-crore OFS will list exclusively on BSE after years of regulatory delays. — [Source](https://www.freepressjournal.in/business/nse-ipo-price-band-fixed-at-17001785-retail-investors-need-14280-for-one-lot)
- 2026-09-11 — Orissa POST: **NSE sets IPO price band at Rs 1,700-1,785; issue to open on Sep 17 - OrissaPOST** — New Delhi: National Stock Exchange (NSE) Friday fixed a price band of Rs 1,700-1,785 per equity share for its much-awaited initial public offering (IPO), which will open for subscription September 17. The Rs 22,569-crore IPO will close September 21, making it the country’s second-largest public issue after Hyundai Motor India’s Rs 27,870-crore offering in 2024. […] — [Source](https://www.orissapost.com/nse-sets-ipo-price-band-at-rs-1700-1785-issue-to-open-on-sep-17)
- 2026-09-11 — The Hindu: **NSE IPO: What changed from DRHP to RHP** — The bourse has cut the OFS  to 12.64 crore equity shares from 14.9 crore shares proposed in the DRHP, roughly a reduction of 15%. Since the IPO is entirely an OFS, the cut in the number of shares directly brings down the overall issue size. — [Source](https://www.thehindubusinessline.com/markets/nse-ipo-what-changed-from-drhp-to-rhp/article71455406.ece)
- 2026-09-11 — Economic Times: **Hidden goldmine! How NSE IPO will unlock Rs 95,000 crore value for over 20 listed companies** — The NSE IPO could unlock significant hidden value for 26 listed shareholders, whose combined NSE holdings could be worth around Rs 94,619 crore at the tentative upper price of Rs 1,785 per share. LIC stands to benefit the most, with its 26.53-crore-share stake valued at around Rs 47,351 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/hidden-goldmine-how-nse-ipo-will-unlock-rs-95000-crore-value-for-over-20-listed-companies/articleshow/134055566.cms)
- 2026-09-11 — CNBC-TV18: **NSE IPO: Here's how much SBI, BoB and other shareholders will make by trimming their stake** — The National Stock Exchange on Friday announced the price band for its ₹22,000 crore-plus Initial Public Offering, where it plans on selling shares between ₹1,700 - ₹1,785 apiece. SBI, Bank of Baroda, SBI Capital markets, New India Assurance, General Insurance Corporation, Stockholding Corporation of India, among others are classified as the selling shareholders in this IPO. Here's a look at the selling shareholders in detail and how much will they earn by trimming their stake in India's second-largest IPO in history. — [Source](https://www.cnbctv18.com/photos/market/nse-ipo-sbi-bob-new-india-assurance-stockholding-gic-sellers-profit-cost-timeline-price-band-19989073.htm)
- 2026-09-11 — Economic Times: **SBI's 80 paise masterstroke: How NSE IPO could deliver Rs 2,850 crore jackpot and 2,23,025% return** — SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/sbis-80-paise-masterstroke-how-nse-ipo-could-deliver-rs-2850-crore-jackpot-and-223025-return/articleshow/134047862.cms)

## 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: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/gicre
Markdown representation: https://faxioms.com/stocks/gicre?render=md