GIC Re : penetration level at under I%

 

  • GIC Re : penetration level at under I%
  • Group's net worth (without fair value change account) for the half year ended 30.09.2024 is z43,029.24 crores as compared to ~ 36,498.86 crore for the half year ended 30.09.2023.
  • Incurred claims Ratio is 91.06% for the half year ended 30.09.2024 as compared to 95.72% for the half year ended 30.09.2023. 
  • Consolidated Profit After Tax for half year ended 30.09.2024 was 3,256.36 crore as compared to Profit After Tax of 2,666.60 crore for the half year ended 30.09.2023. 
  • Investment Income of the group was 6,280.37 crore for the half year ended 30.09.2024 as compared to 5,859.85 crore for the half year ended 30.09.2023. 
  • Consolidated Gross Premium Income of the company was 21,103.51 crore for the half year ended 30.09.2024 as compared to~ 19,962.02 crore for the half year ended 30.09.2023   
  • The general insurance business in India has penetration level at under I% thus indicating great potential. Its dominant position in the Indian market stems from long-term and strong relationships with the Indian risk carriers     

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