General Insurance Corporation of India : Down 20% from Top

https://youtube.com/shorts/E3UBuUZOL6s?si=GSIIxSIbc5n36l7b 


  • General Insurance Corporation of India : Down 20% from Top
  • General Insurance Corporation of India
  • GIC Re is the largest reinsurer in the domestic reinsurance market in India 
  • Consolidated Gross Premium Income of the company was 12,589.42 crore for the quarter ended 30.06.2024 as compared to  9,206.79 crore for the quarter ended 30.06.2023. 
  • Investment Income of the group was  2,788.85 crore for the quarter ended 30.06.2024 as compared to  2,573.79 crore for the quarter ended 30.06.2023. 
  • Consolidated Profit Before Tax for the quarter ended 30.06.2024 was 1,490.12 crore as compared to Profit Before Tax of 1,153.57 crore for the quarter ended 30.06.2023. 
  • Consolidated Profit After Tax for quarter ended 30.06.2024 was 1,400.65 crore as compared to Profit After Tax of 977.65 crore for the quarter ended 30.06.2023. 
  • Incurred claims Ratio is 89.17% for the quarter ended 30.06.2024 as compared to 92.60% for the quarter ended 30.06.2023. 
  • Group's net worth (without fair value change account) for the quarter ended 30.06.2024 is  42,164.61 crores as compared to  36,151.68 crore for the quarter ended 30.06.2023. 



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