General Insurance Corporation of India - 540755 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find attached Annual Secretarial Compliance Report of General Insurance Corporation of India for the year ended 31st March 2023, issued by Mr. Makarand Patwardhan of M/s. Ragini Chokshi & Co., Practicing Company Secretaries. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In compliance with regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the audio recording of conference call held with Investors and Analysts on 26th May 2023, to discuss the financial results for the quarter ended 31st March 2023, can be accessed from the following link: https://www.gicre.in/images/Audio_Recording_of_Conference_call_held_with_Analyst_and_Investor_on_26th_May__2023.mp3 General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Investor Presentation
With reference to the above captioned subject, please find attached herewith Investor Presentation - Q4 FY 2023 Financial Results Presentation. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Investor Presentation
With reference to the above captioned subject, please find attached herewith Investor Presentation - Q4 FY 2023 Financial Results Presentation. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Change in Management
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on 25th May 2023 ratified the appointment of following as Key Management Person of the Corporation, pursuant to the Insurance Regulatory and Development Authority of India (IRDAI) Corporate Governance Guidelines 2016: 1. Shri S. K. Rath, Smt. Jayashri B. and Shri V. Balkrishna as General Manager & Key Management Person of the Corporation w.e.f. 28th April 2023. 2. Smt. Modha Poojary as Chief Underwriting Officer & Key Management Person of the Corporation in place of Shri V. Balkrishna w.e.f. 4th May 2023. Brief profiles of the aforesaid appointees are enclosed. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
This has reference to our communication Ref. No.: GIC-HO/BOARD/SE-Q4-OBM/47/2023-24 dated 25.05.2023 on Outcome of Board meeting held on 25.05.2023, regarding the Press Release ' GIC Re announces Financial Performance for the year ended 31.03.2023'. It is informed that inadvertent error occurred in the said Press release in respect of the following: a. On page no. 1, the Net worth of the Company (without fair value change account) b. On page no. 2, amount mentioned under column 'Quarter ended 31.03.23' & 'Quarter ended 31.12.22' in serial no. 4 ('Incurred Claims') of Summary of Revenue and Profit and Loss Account. c. On page no. 2, amounts mentioned under column 'Quarter ended 31.03.23' in serial nos. 11 to 18 (from 'Premium Deficiency' to 'Profit /(Loss) after Tax') of Summary of Revenue and Profit and Loss Account. d. On page no. 4, Group's Net worth (without fair value change account) The above mentioned errors have been rectified in the revised version as uploaded herewith. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
General Insurance Corporation of India informs the Exchange regarding a press release dated May 25, 2023, titled "GIC Re announces Financial Performance for the year ended 31.03.2023 ". Q4FY23 Quarterly & FY23 Annual Result Announced for General Insurance Corporation of India
General Insurance Corporation of India announced Q4FY23 & FY23 results: Gross Premium Income of the company was Rs 36,591.59 crore for the year ended 31.03.2023 as compared to Rs 43,208.46 crore for the year ended 31.03.2022. Underwriting Loss reduced to Rs 2,341.37 crore for the year ended 31.03.2023 as compared to Rs 4,266.11 crore for the year ended 31.03.2022. Investment Income is Rs 10,594.00 crore for the year ended 31.03.2023 as compared to Rs 9,562.29 crore for the year ended 31.03.2022. Solvency Ratio is 2.61 as on 31.03.2023 as compared to 1.96 as on 31.03.2022. The company recorded Profit Before Tax of Rs 7,749.44 crore for the year ended 31.03.2023 as compared to Profit Before Tax of Rs 3,560.14 crore for the year ended 31.03.2022. Profit After Tax for the year ended 31.03.2023 recorded as Rs 6,312.50 crore as compared to Profit After Tax of Rs 2,005.74 crore for the year ended 31.03.2022. Total Assets are Rs 1,57,124.60 crore as on 31.03.2023 as compared to Rs 1,44,887.37 crore as on 31.03.2022. Net Worth of the company (without fair value change account) recorded at Rs 30,306.58 crore on 31.03.2023 as against Rs 24,439.72 crore as on 31.03.2022. Net Worth of the company (including fair value change account) recorded as Rs 61,700.11 crore on 31.03.2023 as against Rs 55,657.73 crore as on 31.03.2022. Combined Ratio is 109.31% for the year ended 31.03.2023 as against 112.08% for the year ended 31.03.2022. Adjusted Combined Ratio is 86.95% for the year ended 31.03.2023 as against 93.11 % for the year ended 31.03.2022. Result PDF General Insurance Corporation of India - 540755 - Corporate Action-Board approves Dividend
The Board has approved at its meeting held today: 1. The Board has recommended dividend @ Rs. 7.20 per equity share (s.t. deduction of TDS) on the FV of Rs. 5 each (i.e. 144% of paid-up equity share capital), for the FY 2022-23, subject to the approval of the shareholders at the ensuing 51st AGM. The dividend would be paid within 30 days from the date of its declaration at the AGM. 2. Record date as Friday, 08.09.2023, for taking record of Eligible/Beneficial Owners for payment of aforesaid dividend. General Insurance Corporation of India - 540755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 25Th May 2023
Financial Results for period ended 31.03.2023 The Board has approved at its meeting held today: 1. Audited Financial Results (Standalone and Consolidated) for period ended 31.03.2023. Enclosed copy of Auditors' Report and Press release being issued in this connection. 2. The Board has recommended dividend @ Rs. 7.20 per equity share on FV Rs. 5 each (i.e. 144% of paid-up equity share capital), for the FY 2022-23, subject to the approval of the shareholders at the ensuing 51st AGM. The dividend would be paid within 30 days from the date of its declaration at the AGM. 3. Record date as Friday, 08.09.2023, for taking record of members for payment of dividend. Enclosed Disclosures of RPT on a consolidated basis, for the HFY 31.03.2023.