Income Statement General Insurance Corporation of India

Equities

GICRE

INE481Y01014

Reinsurance

Delayed NSE India S.E. Other stock markets 01:27:00 20/05/2026 pm IST			5-day change	1st Jan Change
386.00 ^INR	-0.85%		+0.30%	+1.37%

15/05	General insurance corporation of India approval for fund infusion of $49 million for Malaysia branch	RE
15/05	General insurance corporation of India: appointment of Rajesh Laheri as CFO	RE

1ed3174e3db4057fa022616e59f.2ksR9F4EwoV-KefUESwSlTrQ12uQIztJLKBcoyGlU6Y.iRp2lm1zstIfWpG2U2pboHKqnUbRZ2QfbugT9Gv_OsiCHka1HEaUvAdIrg

Published financial data: GENERAL INSURANCE CORPORATION OF INDIA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	40TCr	40TCr	36TCr	34TCr	37TCr
Total Interest And Dividend Income	4.66TCr	5.06TCr	6.24TCr	7.54TCr	8.78TCr
Gain (Loss) on Sale of Investments, Total (Rev)	4.1TCr	4.39TCr	4.37TCr	3.99TCr	4.05TCr
Other Revenues, Total	-	-	-	-	10Cr
Total Revenues	49TCr	49TCr	47TCr	45TCr	50TCr
Policy Benefits	37TCr	37TCr	33TCr	32TCr	33TCr
Policy Acquisition / Underwriting Costs, Total	8.02TCr	7.03TCr	5.65TCr	6.3TCr	7.47TCr
Selling General & Admin Expenses, Total	301.54Cr	371.35Cr	368.26Cr	419.8Cr	430.94Cr
Provision for Bad Debts	-368.33Cr	263.25Cr	170.87Cr	-7.88Cr	55Cr
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-349Cr	-1.36TCr	-14Cr	1.01TCr	110.75Cr
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	45TCr	46TCr	39TCr	37TCr	41TCr
Operating Income	3.47TCr	3.26TCr	7.18TCr	7.86TCr	8.97TCr
Interest Expense, Total	-61Cr	-63Cr	-81Cr	-84Cr	-71Cr
Income (Loss) on Equity Invest.	166.6Cr	187.52Cr	330.15Cr	177.73Cr	457.88Cr
Currency Exchange Gains (Loss)	-348.34Cr	534.61Cr	922.79Cr	143.6Cr	201.54Cr
Other Non Operating Income (Expenses)	11Cr	20Cr	8.71Cr	8.76Cr	3L
EBT, Excl. Unusual Items	3.24TCr	3.94TCr	8.36TCr	8.1TCr	9.56TCr
Gain (Loss) on Sale of Assets	3L	-20.69L	10.9L	-5L	-36L
EBT, Incl. Unusual Items	3.24TCr	3.94TCr	8.36TCr	8.1TCr	9.56TCr
Income Tax Expense	1.24TCr	1.56TCr	1.45TCr	1.42TCr	2.13TCr
Earnings From Continuing Operations	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Net Income to Company	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Net Income - (IS)	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Net Income to Common Incl Extra Items	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Net Income to Common Excl. Extra Items	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Per Share Items
Net EPS - Basic	11.35	13.6	39.37	38.11	42.36
Basic EPS - Continuing Operations	11.35	13.6	39.37	38.11	42.36
Basic Weighted Average Shares Outstanding	175.44Cr	175.44Cr	175.44Cr	175.44Cr	175.44Cr
Net EPS - Diluted	11.35	13.6	39.37	38.11	42.36
Diluted EPS - Continuing Operations	11.35	13.6	39.37	38.11	42.36
Diluted Weighted Average Shares Outstanding	175.44Cr	175.44Cr	175.44Cr	175.44Cr	175.44Cr
Normalized Basic EPS	11.53	14.04	29.79	28.87	34.07
Normalized Diluted EPS	11.53	14.04	29.79	28.87	34.07
Dividend Per Share	-	2.25	7.2	10	10
Payout Ratio	-	-	5.71	18.89	23.61
Supplemental Items
EBITDA	3.48TCr	3.27TCr	7.19TCr	7.87TCr	9.16TCr
EBITA	3.47TCr	3.26TCr	7.18TCr	7.86TCr	9TCr
EBIT	3.47TCr	3.26TCr	7.18TCr	7.86TCr	8.97TCr
EBITDAR	3.48TCr	-	-	-	-
Effective Tax Rate - (Ratio)	38.45	39.47	17.39	17.49	22.28
Total Current Taxes	1.26TCr	1.8TCr	2.12TCr	1.65TCr	2.13TCr
Total Deferred Taxes	2.09Cr	-23Cr	-563.59Cr	-84Cr	-3.14Cr
Normalized Net Income	2.02TCr	2.46TCr	5.23TCr	5.06TCr	5.98TCr
Non-Cash Pension Expense	49Cr	13Cr	120.38Cr	32Cr	-11Cr
Supplemental Operating Expense Items
Advertising Expense	2.83Cr	4.47Cr	6.04Cr	2.71Cr	3.18Cr
General and Administrative Expenses	54Cr	29Cr	8.32Cr	80Cr	105.85Cr
Net Rental Expense, Total	34.34L	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	11TCr	13TCr	17TCr	21TCr	24TCr
Investment In Equity and Preferred Securities, Total	11TCr	12TCr	16TCr	21TCr	22TCr
Mortgage Loans	40Cr	39Cr	39Cr	41Cr	43Cr
Total Other Investments	1.28TCr	1.23TCr	1.74TCr	2.15TCr	2.7TCr
Total investments	24TCr	27TCr	34TCr	44TCr	48TCr
Cash And Equivalents	19TCr	21TCr	24TCr	25TCr	25TCr
Reinsurance Recoverable - (IS)	13TCr	11TCr	11TCr	9.08TCr	11TCr
Other Receivables - (Insurance Template)	3.11TCr	3.59TCr	1.72TCr	2.15TCr	2.27TCr
Deferred Policy Acquisition Costs - (BS)	-	-	-	-	144.86Cr
Separate Account Assets	71TCr	78TCr	80TCr	92TCr	95TCr
Gross Property Plant And Equipment	254.8Cr	257.7Cr	380.48Cr	382.02Cr	391.2Cr
Accumulated Depreciation	-91Cr	-97Cr	-93Cr	-100Cr	-108.09Cr
Net Property Plant And Equipment	164.28Cr	160.7Cr	287.13Cr	282.18Cr	283.11Cr
Goodwill	27Cr	27Cr	27Cr	27Cr	27Cr
Other Intangibles, Total	7.98Cr	12Cr	9.5Cr	8.22Cr	16Cr
Other Current Assets, Total	12TCr	11TCr	11TCr	12TCr	12TCr
Deferred Tax Assets Long-Term (Collected)	20Cr	39Cr	604.95Cr	688.16Cr	693.33Cr
Other Long-Term Assets, Total	-	-	-	1T	1L
Total Assets	1,40300Cr	1,51800Cr	1,62700Cr	1,84500Cr	1,94800Cr
Liabilities
Accounts Payable, Total	1.89TCr	2.24TCr	340.5Cr	560.99Cr	598.9Cr
Accrued Expenses, Total	309.07Cr	343.96Cr	592.59Cr	531.88Cr	507.87Cr
Insurance And Annuity Liabilities	21TCr	22TCr	20TCr	20TCr	22TCr
Unpaid Claims	59TCr	64TCr	70TCr	75TCr	81TCr
Reinsurance Payable - (BS)	2.04TCr	820.75Cr	337.15Cr	282.64Cr	284.96Cr
Current Income Taxes Payable	365.99Cr	559.02Cr	627.36Cr	14Cr	103.97Cr
Deferred Tax Liability Current	-	-	-	-	1.87Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	2.06TCr	1.93TCr	3.28TCr	2.27TCr	1.92TCr
Other Non Current Liabilities	-	-1T	1T	-	-
Total Liabilities	87TCr	92TCr	95TCr	99TCr	1,06000Cr
Common Stock, Total	877.2Cr	877.2Cr	877.2Cr	877.2Cr	877.2Cr
Additional Paid In Capital	1.54TCr	1.54TCr	1.54TCr	1.54TCr	1.54TCr
Retained Earnings	23TCr	25TCr	31TCr	37TCr	42TCr
Comprehensive Income and Other	29TCr	33TCr	34TCr	46TCr	44TCr
Total Common Equity	53TCr	60TCr	67TCr	86TCr	89TCr
Total Equity	53TCr	60TCr	67TCr	86TCr	89TCr
Total Liabilities And Equity	1,40300Cr	1,51800Cr	1,62700Cr	1,84500Cr	1,94800Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	175.44Cr	175.44Cr	175.44Cr	175.44Cr	175.44Cr
ECS Total Common Shares Outstanding	175.44Cr	175.44Cr	175.44Cr	175.44Cr	175.44Cr
Book Value / Share	304.83	342.25	384.58	488.44	506.15
Tangible Book Value	53TCr	60TCr	67TCr	86TCr	89TCr
Tangible Book Value Per Share	304.63	342.03	384.37	488.24	505.91
Total Debt	0	0	0	0	0
Net Debt	-19TCr	-21TCr	-24TCr	-25TCr	-25TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	55Cr	56Cr	164.22Cr	56Cr	24Cr
Debt Equivalent Oper. Leases	2.75Cr	-	-	-	-
Equity Method Investments, Total	2.05TCr	2.23TCr	2.6TCr	2.77TCr	3.27TCr
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	81Cr	81Cr	81Cr	81Cr	81Cr
Buildings, Total	119.47Cr	121.34Cr	245.25Cr	244.93Cr	245.88Cr
Machinery, Total	55Cr	56Cr	54Cr	56Cr	65Cr
Full Time Employees	466	494	443	411	414

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.99TCr	2.39TCr	6.91TCr	6.69TCr	7.43TCr
Depreciation, Depletion & Amortization	12Cr	7.08Cr	6.86Cr	8.99Cr	164.45Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	24Cr
Total Depreciation, Depletion & Amortization	12Cr	7.08Cr	6.86Cr	8.99Cr	188.94Cr
Amortization of Deferred Charges, Total	2.64Cr	6.66Cr	2.83Cr	2.87Cr	3.53Cr
(Gain) Loss On Sale of Asset - (CF)	-3L	20.69L	-10.9L	5L	-
(Gain) Loss on Sale of Investments - (CF)	69Cr	180Cr	81Cr	142.68Cr	-
Provision for Credit Losses	117.55Cr	126.22Cr	1.68TCr	-1.03TCr	-
(Income) Loss On Equity Investments - (CF)	166.6Cr	187.52Cr	330.15Cr	177.73Cr	-
Change in insurance Reserves / Liabilities	4.05TCr	5.06TCr	3.85TCr	4.76TCr	-
Change in Other Net Operating Assets (Collected)	6.55TCr	1.61TCr	-181.68Cr	666.94Cr	-
Other Operating Activities	319.73Cr	-558.08Cr	-958.98Cr	-270.33Cr	-5.65TCr
Cash from Operations	13TCr	9.01TCr	12TCr	11TCr	1.98TCr
Capital Expenditure	-6.03Cr	-15Cr	-134.07Cr	-5.68Cr	-25Cr
Sale of Property, Plant, and Equipment	53.01L	95L	65.96L	-	1.7Cr
Investment in Marketable and Equity Securities, Total	-11TCr	-6.85TCr	-9.87TCr	-8.87TCr	-9.49TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	16Cr
Other Investing Activities, Total	317.26Cr	187.87Cr	-	-	8.57TCr
Cash from Investing	-10TCr	-6.68TCr	-10TCr	-8.87TCr	-925.59Cr
Common Dividends Paid	-	-	-394.74Cr	-1.26TCr	-1.75TCr
Common & Preferred Stock Dividends Paid	-	-	-394.74Cr	-1.26TCr	-1.75TCr
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-	-	-394.74Cr	-1.26TCr	-1.75TCr
Foreign Exchange Rate Adjustments	-348.34Cr	534.61Cr	922.79Cr	143.6Cr	650.51Cr
Net Change in Cash	2.48TCr	2.86TCr	2.25TCr	1.15TCr	-53Cr
Supplemental Items
Cash Income Tax Paid (Refund)	1.06TCr	1.46TCr	1.82TCr	1.88TCr	2.22TCr
Levered Free Cash Flow	13TCr	9.03TCr	9.34TCr	8.47TCr	10TCr
Unlevered Free Cash Flow	13TCr	9.07TCr	9.39TCr	8.52TCr	10TCr
Change In Net Working Capital	-11TCr	-7.03TCr	-5.03TCr	-3.6TCr	-4.43TCr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.66	1.4	2.85	2.83	2.96
Return on Total Capital	4.7	3.59	7.04	6.41	6.43
Return On Equity %	4.32	4.2	10.83	8.73	8.52
Return on Common Equity	4.32	4.2	10.83	8.73	8.52
Margin Analysis
Gross Profit Margin %	6.98	7.95	16.57	18.3	19.08
SG&A Margin	0.62	0.76	0.79	0.93	0.87
EBITDA Margin %	7.14	6.67	15.43	17.41	18.48
EBITA Margin %	7.12	6.66	15.41	17.39	18.15
EBIT Margin %	7.12	6.66	15.41	17.39	18.1
Income From Continuing Operations Margin %	4.09	4.87	14.83	14.8	14.99
Net Income Margin %	4.09	4.87	14.83	14.8	14.99
Net Avail. For Common Margin %	4.09	4.87	14.83	14.8	14.99
Normalized Net Income Margin	4.15	5.03	11.22	11.21	12.05
Levered Free Cash Flow Margin	26.95	18.43	20.05	18.74	20.49
Unlevered Free Cash Flow Margin	27.03	18.51	20.15	18.86	20.58
Asset Turnover
Asset Turnover	0.37	0.34	0.3	0.26	0.26
Fixed Assets Turnover	288.23	301.5	208.06	158.71	175.44
Short Term Liquidity
Current Ratio	0.54	0.52	0.51	0.5	0.5
Quick Ratio	0.25	0.27	0.27	0.27	0.26
Operating Cash Flow to Current Liabilities	0.15	0.1	0.12	0.11	0.02
Average Days Payable Outstanding	659.86	700.19	843.84	925.68	906.82
Long Term Solvency
Total Liabilities / Total Assets	61.87	60.46	58.54	53.54	54.41
EBIT / Interest Expense	56.95	51.99	88.92	93.74	126.79
EBITDA / Interest Expense	57.16	52.11	89.01	93.85	129.46
(EBITDA - Capex) / Interest Expense	57.06	51.86	87.35	93.78	129.1
Net Debt / EBITDA	-5.34	-6.56	-3.3	-3.16	-2.76
Net Debt / (EBITDA - Capex)	-5.35	-6.59	-3.36	-3.16	-2.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.92	0.59	-4.91	-3.03	8.06
Gross Profit, 1 Yr. Growth %	-1.04T	14.61	98.08	4.95	14.3
EBITDA, 1 Yr. Growth %	-478.17	-6.1	119.37	9.39	14.69
EBITA, 1 Yr. Growth %	-469.49	-5.9	120.09	9.42	14.14
EBIT, 1 Yr. Growth %	-469.49	-5.9	120.09	9.42	14.1
Earnings From Cont. Operations, 1 Yr. Growth %	-1.17T	19.82	189.46	-3.21	11.16
Net Income, 1 Yr. Growth %	-1.17T	19.82	189.46	-3.21	11.16
Normalized Net Income, 1 Yr. Growth %	-1.28T	21.83	112.09	-3.09	18.02
Diluted EPS Before Extra, 1 Yr. Growth %	-1.17T	19.82	189.46	-3.21	11.16
Net Property, Plant and Equip., 1 Yr. Growth %	-5.4	-2.18	78.67	-1.73	0.33
Total Assets, 1 Yr. Growth %	16.32	8.25	7.17	13.35	5.59
Common Equity, 1 Yr. Growth %	37.78	12.28	12.37	27.01	3.63
Tangible Book Value, 1 Yr. Growth %	37.81	12.28	12.38	27.02	3.62
Cash From Operations, 1 Yr. Growth %	54.16	-32.19	29.52	-4.93	-1.03T
Capital Expenditures, 1 Yr. Growth %	101.7	156.43	767.56	-95.76	347.36
Levered Free Cash Flow, 1 Yr. Growth %	82.8	-31.2	3.42	-9.35	18.37
Unlevered Free Cash Flow, 1 Yr. Growth %	82.89	-31.1	3.53	-9.28	18.16
Dividend Per Share, 1 Yr. Growth %	-	-	220	38.89	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.62	-2.2	-2.2	-3.97	3.17
Gross Profit, 2 Yr. CAGR %	-6.95	228.54	50.67	45.66	9.58
EBITDA, 2 Yr. CAGR %	-0.69	88.51	43.67	54.94	12.89
EBITA, 2 Yr. CAGR %	-0.66	86.46	43.91	55.18	11.95
EBIT, 2 Yr. CAGR %	-0.66	86.46	43.91	55.18	11.8
Earnings From Cont. Operations, 2 Yr. CAGR %	-15.02	257.74	86.23	67.39	3.73
Net Income, 2 Yr. CAGR %	-15.02	257.74	86.23	67.39	3.73
Normalized Net Income, 2 Yr. CAGR %	-9.76	279.68	60.75	43.36	6.94
Diluted EPS Before Extra, 2 Yr. CAGR %	-15.02	257.74	86.23	67.39	3.73
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.43	-3.8	32.2	32.51	-0.7
Total Assets, 2 Yr. CAGR %	7.13	12.22	7.71	10.22	9.4
Common Equity, 2 Yr. CAGR %	-2.2	24.37	12.32	19.46	14.72
Tangible Book Value, 2 Yr. CAGR %	-2.2	24.39	12.33	19.48	14.73
Cash From Operations, 2 Yr. CAGR %	32.17	2.24	-6.06	10.96	-58.94
Capital Expenditures, 2 Yr. CAGR %	-61.31	127.43	371.67	-39.37	-56.46
Levered Free Cash Flow, 2 Yr. CAGR %	25.19	12.14	-15.65	-3.18	4.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.21	12.25	-15.54	-3.09	4.25
Dividend Per Share, 2 Yr. CAGR %	-	-	-	110.82	17.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.79	3.26	-3.11	-2.47	0.4
Gross Profit, 3 Yr. CAGR %	-5.87	-0.25	177.55	34.47	34.4
EBITDA, 3 Yr. CAGR %	-2.48	-2.5	98.42	31.21	40.89
EBITA, 3 Yr. CAGR %	-2.53	-2.44	97.06	31.35	40.24
EBIT, 3 Yr. CAGR %	-2.53	-2.44	97.06	31.35	40.11
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.13	-4.71	233.36	49.73	46.04
Net Income, 3 Yr. CAGR %	-14.13	-4.71	233.36	49.73	46.04
Normalized Net Income, 3 Yr. CAGR %	-3.32	-0.26	212.69	35.79	34.36
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.45	-4.71	233.36	49.73	46.03
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.04	-4.36	18.25	19.76	20.77
Total Assets, 3 Yr. CAGR %	7.63	7.5	10.51	9.56	8.65
Common Equity, 3 Yr. CAGR %	-0.32	2.4	20.24	17.02	13.93
Tangible Book Value, 3 Yr. CAGR %	-0.32	2.41	20.25	17.03	13.94
Cash From Operations, 3 Yr. CAGR %	14.55	5.81	10.8	-5.68	-39.79
Capital Expenditures, 3 Yr. CAGR %	-27.72	-27.32	255.35	-1.95	18.03
Levered Free Cash Flow, 3 Yr. CAGR %	18.14	2.54	9.16	-13.6	4.01
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.22	2.6	9.27	-13.5	4.01
Dividend Per Share, 3 Yr. CAGR %	-	-30.66	-	-	64.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	20.23	9.38	1.35	0.3	-0.65
Gross Profit, 5 Yr. CAGR %	3.48	-2.02	13.62	16.06	92.16
EBITDA, 5 Yr. CAGR %	4.53	-3.11	13.89	17.39	58.36
EBITA, 5 Yr. CAGR %	4.48	-3.11	13.91	17.46	57.17
EBIT, 5 Yr. CAGR %	4.48	-3.11	13.91	17.46	57.08
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.74	-8.26	17.04	19.38	108.98
Net Income, 5 Yr. CAGR %	-6.74	-8.26	17.04	19.38	108.98
Normalized Net Income, 5 Yr. CAGR %	0.51	-1.11	18.49	15.32	103.58
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.11	-8.62	16.78	19.38	108.98
Net Property, Plant and Equip., 5 Yr. CAGR %	1.02	1.01	11.79	8.97	10.27
Total Assets, 5 Yr. CAGR %	13.01	9.31	7.67	8.58	10.06
Common Equity, 5 Yr. CAGR %	5.01	3.64	4.56	8.91	18
Tangible Book Value, 5 Yr. CAGR %	5.03	3.64	4.56	8.92	18.01
Cash From Operations, 5 Yr. CAGR %	17.18	2.65	5.81	7.94	-25.51
Capital Expenditures, 5 Yr. CAGR %	-32.37	34.37	53.06	-32.4	53.44
Levered Free Cash Flow, 5 Yr. CAGR %	23.65	5.86	3.25	0.22	7.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.72	5.94	3.34	0.29	7.23
Dividend Per Share, 5 Yr. CAGR %	-	-17.32	1.3	8.18	-