General Insurance Corporation of India Share Price (GICRE)

General Insurance Corporation of India CEO's Compensation 93% Below Industry Average - 20 Sep, 2023

CEO Devesh Srivastava's total compensation includes a salary of ₹4.41m, which is 93% below the industry average. The company saw its revenue drop by 7.7% over the last year, but earnings per share grew by 77% annually over the past three years.

Bullish Sentiment for GIC Re Stock - 17 Sep, 2023

General Insurance Corporation of India (GIC Re) stock has surged above the recent swing high, with bullish crossovers of 21EMA and 55EMA. RSI has entered into a bullish crossover, indicating potential for the stock to move towards 270 mark with solid support at 223.

General Insurance Corporation of India stock turns ex-dividend - 08 Sep, 2023

GIC-Re is one of the stocks that turned ex-dividend today, with a dividend of Rs 7.20 per share.

GIC Re Faces Opposition Over Membership in GIPSA - 06 Sep, 2023

GIC Re faces opposition from its employees over inclusion in GIPSA. Meanwhile, Ather Energy raises Rs 900 crore from Hero MotoCorp and GIC through a rights issue.

General Insurance Corporation of India to Pay Dividend of ₹7.20 per Share - 04 Sep, 2023

General Insurance Corporation of India is set to pay a dividend of ₹7.20 per share, with a trailing yield of 3.3% on the current share price of ₹219.55. The company's earnings per share have been growing at 18% a year for the past five years.

General Insurance Corporation of India declares final dividend - 02 Sep, 2023

The General Insurance Corporation of India has declared a final dividend of ₹7.2 per share, with shares trading ex-dividend on September 8.

Irdai Approves Amendments to Reinsurance Regulations - 25 Aug, 2023

The Insurance Regulatory and Development Authority of India (Irdai) has approved amendments to reinsurance regulations, including lowering minimum capital requirements for foreign reinsurers. The move is aimed at attracting more reinsurers to establish operations in the country.

GIC Re Remains Sole Indian Reinsurer in Category 1 - 24 Aug, 2023

The order of preference for various categories has been simplified, with GIC Re remaining the sole Indian reinsurer in Category 1.

GICRE Rallies to New Highs with Bullish Sentiment - 22 Aug, 2023

Shares of General Insurance Corporation of India (GIC) have surged to a new 52-week high due to multiple resistance breakouts and bullish sentiment.

GIC Re Q1 net profit up 6.1% despite fall in gross premium income - 11 Aug, 2023

General Insurance Corporation of India (GIC Re) reported a 6.1% increase in Q1 net profit at Rs 732 crore, despite a steep fall in gross premium income and massive underwriting losses. The company's gross premium income declined to Rs 8,917.71 crore from Rs 11,021.83 crore YoY. The combined ratio fell to 118.47 during the quarter as against 110.97 for the year-ago period.

General Insurance Corporation of India to Announce Quarterly Earnings - 10 Aug, 2023

The quarterly earnings report for General Insurance Corporation of India is set to be announced today, putting the stock in focus.

Non-Life Insurers Gross Premiums Rise 14% YoY in July - 07 Aug, 2023

The gross premium underwritten by non-life insurers in India rose 14% YoY to Rs 26,629 crore in July 2023. The growth was driven by general and standalone private health insurers' revenue over last year. Sequentially, premiums rose 30% over June.

Non-Life Insurers in India Witness 15% YoY Growth in Gross Premium Underwritten - 06 Jul, 2023

India's non-life insurers saw a 15% YoY growth in gross premium underwritten in June 2023, with double-digit growth across all segments. Standalone private health insurers and specialised state-run non-life insurers outpaced general insurers' growth. Premiums rose 12% sequentially over May.