General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please find enclosed the schedule of analyst/ institutional investor meeting(s) held on February 13, 2023 with senior management of the Corporation. General Insurance Corporation of India - 540755 - Unaudited Financial Results (Standalone And Consolidated) For The Quarter/Period Ended December 31, 2022 - Additional Details Required For Corporate Announcement Filed Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Further to our intimation dated 9th February, 2023 vide letter ref. no. GIC-HO/BOARD/SE-Q3-OBM/184/2022-23 for Outcome of Board Meeting held on 9th February 2023 with regard to the Unaudited Financial Results (Standalone and Consolidated) for the Quarter/Period ended December 31, 2022, it is informed that the Board meeting held on 9th February 2023 to consider Financial Results commenced at 11.30 p.m. IST and was concluded at 3.00 p.m. IST. The details of the Board Meeting commencement and conclusion was already mentioned in the financials filed in XBRL mode. General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Transcript of the conference call held with Investors and Analysts on Friday, February 10, 2023, to discuss financial results for the quarter ended 31st December 2022. 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 10th February 2023, to discuss the financial results for the quarter ended 31st December 2022, can be accessed from the following link: https://www.gicre.in/images/Audio_recording_for_investor_meet_held_on_10th_February_2023.mp3 General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached herewith Investor Presentation - Q3 FY 2023 Financial Results Presentation. The same is also available on the website of the Corporation at www.gicre.in .
GIC Re returns to black with Rs 1,201 cr net income in Dec quarter
General Insurance Corporation of India (GIC Re) on Thursday reported a net profit of Rs 1,201 crore for the third quarter ended December 2022. There was a loss of Rs 28.48 crore in the year-ago period. Sequentially, it posted a net profit of Rs 1,859.93 crore in the second quarter ended September 2022. Gross premium during the October-December quarter declined to Rs 10,099.40 crore from Rs 10,240 crore in the same period of the previous fiscal, GIC Re said in a regulatory filing. Its net premium income inched up to Rs 9,561.2 crore from Rs 9,332.56 crore but earned premium declined to Rs 8,648.76 crore from Rs 8,907 crore. The bottom line was saved by a fall in incurred claims during the quarter, which declined by more than a quarter to Rs 8,380.50 crore from Rs 10,857.83 crore, according to the company. Its underwriting loss came down massively to Rs 1,537.24 crore from Rs 2,371.2 crore, boosting the net income, which was also buoyed by a healthy jump in investment income at Rs Q3FY23 Quarterly Result Announced for General Insurance Corporation of India
General Insurance Corporation of India announced Q3FY23 results: 9MFY23: The gross premium income of the company was Rs 29,221.85 crore for the 9MFY23 as compared to Rs 32,904.65 crore for the 9MFY22. Underwriting loss was reduced to Rs 3,233.31 crore for 9MFY23 as compared to Rs 6,580.30 crore for 9MFY22. Investment income is Rs 7,696.79 crore for 9MFY23 as compared to Rs 6,735.70 crore for 9MFY22. The solvency ratio is 2.38 as of Q3FY23 as compared to 1.80 and 2.25 as of Q3FY22 and Q2FY23 respectively. The company recorded profit before tax of Rs 4,745.67 crore for 9MFY23 as compared to profit before tax of Rs (54.63) crore for 9MFY22. Profit before tax for Q3FY23 was recorded as Rs 1,595.79 crore as compared to Rs (101.76) crore for Q3FY22. Profit after tax for 9MFY23 was recorded as Rs 3,749.15 crore as compared to profit after tax of Rs 210.34 crore for 9MFY22. Profit after tax for Q3FY23 recorded as Rs 1,200.71 crore as compared to Rs (28.48) crore for Q3FY22. Total assets are Rs 1,58,527 crore as of Q3FY23 as compared to Rs 1,47,275 crore as of Q3FY22. Net worth of the company (without fair value change account) was recorded at Rs 27,822.39 crore in Q3FY23 as against Rs 22,605 crore as of Q3FY22. Net Worth of the company (including fair value change account) recorded as Rs 61,616.80 crore on Q3FY23 as against Rs 53,723 crore in Q3FY22. The combined ratio is 114.68 % for 9MFY23 as against 122.58 % for 9MFY22. Adjusted combined ratio is 93.63% for 9MFY23 as against 104.62 % for 9MFY22. Consolidated 9MFY23 of GIC Re: The gross premium income of the company was Rs 29,546.50 crore for 9MFY23 as compared to Rs 33,503.07 crore for 9MFY22. The investment income of the group was Rs 7,733 crore for 9MFY23 as compared to Rs 6,793 crore for 9MFY22. Profit before tax for 9MFY23 was Rs 5,006.66 crore as compared to profit before tax of Rs28.97 crore for 9MFY22. Profit after tax for 9MFY23 was Rs 4,178.62 crore as compared to profit after tax of Rs 450.26 crore for 9MFY22. Incurred claims ratio is 95.59% for 9MFY23 as compared to 105.09% for 9MFY22. Group's net worth (without fair value change account) for 9MFY23 is Rs 31,033.47 crores as compared to Rs 25,211.50 crore for 9MFY22. Result PDF 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 February 09, 2023, titled "GIC Re announces Financial Performance for the Nine Months ended 31.12.2022". General Insurance Corporation of India - 540755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 9Th February 2023
Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and other applicable requirements, we forward herewith a copy of the unaudited financial results (Standalone and Consolidated) for the quarter/period ended December 31, 2022 together with the Auditors Limited Review Report approved by the Board of Directors at its meeting held today. A copy of the press release being issued in this connection is also attached. The same will also be available on the website of the Corporation at www.gicre.in . General Insurance Corporation of India - 540755 - Unaudited Financial Results (Standalone And Consolidated) For The Quarter/Period Ended December 31, 2022
Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and other applicable requirements, we forward herewith a copy of the unaudited financial results (Standalone and Consolidated) for the quarter/period ended December 31, 2022 together with the Auditors Limited Review Report approved by the Board of Directors at its meeting held today. A copy of the press release being issued in this connection is also attached. The same will also be available on the website of the Corporation at www.gicre.in .