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General Insurance Corporation of India - 540755 - Rectified Unaudited Financial Results (Standalone And Consolidated) For The Quarter /Period Ended September 30, 2021

 This has reference to our communication dated 10th November 2021 (GIC Re/SE/2021-22/Q2-OBM) regarding Unaudited Financial Results (Standalone and Consolidated) for the quarter/period ended September 30, 2021. In this regard, we would like to inform that inadvertent typographical error occurred in serial no. 13 of Annexure I (Underwriting Profit/Loss for the three months ending September, 2021) of the Unaudited Standalone Financial Results and the same has been rectified in the revised version as uploaded herewith. Further it is hereby informed that the Unaudited Financial Results (Standalone and Consolidated) remain unchanged except for the aforesaid Annexure I (SL No. 13) and there are no changes in the other Annexures/Statements. Kindly take the above information on record.
11-11-2021
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Q2FY22 Quarterly Result Announced for General Insurance Corporation of India

 Highlights: Gross Premium Income of the company was Rs. 22,664.64 crore for the Half Year ended 30.09.2021 as compared to Rs. 26,533.05 crore for the Half year ended 30.09.2020. Underwriting Loss is Rs. 4,209.11 crore for Half year ended 30.09.2021 as compared to Rs. 3,930.71 crore for Half year ended 30.09.2020. Investment Income is Rs. 4,464.56 crore for Half Year ended 30.09.2021 as compared to Rs. 3,910. 17 crore for Half Year ended 30.09.2020. Solvency Ratio is 1.88 as on 30.09.2021 as compared to 1 .63 as on 30.09.2020. Incurred Claims Ratio is 98.5% as on 30.09.2021 as compared to 104.3% as on 30.06.2021. The company recorded Profit Before Tax of Rs. 47.03 crore for Half Year ended 30.09.2021 as compared to Loss Before Tax of Rs. 398.94 crore for Half Year ended 30.09.2020. Profit Before Tax for second Quarter of FY 2021-22 recorded as Rs.1,213.75 Cr as compared to Rs. 412.28 Crore for second Quarter of previous year. Profit After Tax for Half Year ended 30.09.2021 recorded as Rs. 238.82 crore as compared to Loss After Tax of Rs. 327.42 crore for Half Year ended 30.09.2020. Total Assets are Rs. 1,46,132.46 crore as on 30.09.2021 as compared to Rs. 1 ,26,167.89 crore as on 30.09.2020. Net Worth of the company (without fair value change account) recorded at Rs. 22,691.57 crore on 30.09.2021 as against Rs. 20,123.59 crore as on 30.09.2020. Net Worth of the company (including fair value change account) recorded as Rs. 55,088.24 crore on 30.09.2021 as against Rs. 39,628.66 crore as on 30.09.2020. Combined Ratio is 121.57% for the Half Year ended 30.09.2021 as against 116.13 % for Half Year ended 30.09.2020. Adjusted Combined Ratio is 104.40 % for the Half Year ended 30.09.21 as against 102.89 % for Half Year ended 30.09.2020. Consolidated: Consolidated Gross Premium Income of the company was Rs. 23,166.83 crore for Half Year ended 30.09.2021 as compared to Rs. 26,748.74 crore for Half Year ended 30.09.2020. Investment Income of the group was Rs. 4,492.13 crore for Half Year ended 30.09.2021 as compared to Rs. 3,926.23 crore for Half Year ended 30.09.2020. Consolidated Profit Before Tax for Half Year ended 30.09.2021 was Rs. 58.80 crore as compared to Loss Before Tax of Rs. 404.63 crore for Half Year ended 30.09.2020. Consolidated Profit After Tax for Half Year ended 30.09.2021 was Rs. 308.47 crore as compared to Loss After Tax of Rs. 268.63 crore for Half Year ended 30.09.2020. Incurred claims Ratio is 98.4 % for Half Year ended 30.09.2021 as compared to 97 % for Half Year ended 30.09.2020. Group's net worth (without fair value change account) for Half Year ended 30.09.2021 is Rs. 25,126.83 crores as compared to Rs. 22,412.78 crore for Half Year ended 30.09.2020. Result PDF
11-11-2021

GIC Re witnesses over 4-fold jump in net profit to Rs 1,010 crore in September quarter

 The company's gross premium, however, was down to Rs 8,374.72 crore during July-September 2021, compared with Rs 10,651.50 crore in the year-ago period, GIC Re said in a regulatory filing.
10-11-2021
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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 November 10, 2021, titled "GIC Re announces Financial Performance for the Half year ended 30.09.2021 ".
10-11-2021
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General Insurance Corporation of India - 540755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 10Th November 2021

 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 September 30, 2021 together with the Auditors'' Limited Review Report as 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. Kindly take the above information on record.
10-11-2021
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General Insurance Corporation of India - 540755 - Unaudited Financial Results (Standalone And Consolidated) For The Quarter/Period Ended September 30, 2021

 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 September 30, 2021 together with the Auditors'' Limited Review Report as 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.
10-11-2021
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General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 In terms of Regulation 30(6) read with Item No. 15 of Part A of Schedule III of the Listing Regulations, the Corporation will host an earnings call with analysts/investors at 03:00 p.m. (IST) on Thursday, November 11, 2021 to discuss financial results of the Corporation for the quarter ended September 30, 2021. Further details in respect of the same are attached herewith. The transcript of the conference call will be posted on the Corporation's website at www.gicofindia.com .
03-11-2021
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General Insurance Corporation of India - 540755 - Board Meeting Intimation for Pursuant To Regulation 29 Of SEBI LODR Regulations, 2015, We Wish To Inform You That A Meeting Of The Board Of Directors Of The Corporation Is Scheduled To Be Held On Wednesday, 10.11.2021, Through Video Conferencing.

 General Insurance Corporation Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2021 ,inter alia, to consider and approve 1. To consider and approve the unaudited financial results (standalone & consolidated) for the quarter/period ended September 30, 2021. 2. To transact any other matter which the Board may deem fit. Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 & amendments thereto, in terms of the Policy on Code of Conduct for Prevention of Insider Trading-2020 and with respect to intimation for closure of trading window submitted to BSE Limited and National Stock Exchange of India Limited vide letter ref. no. GIC Re/SE/2021-22/CTW-3 dated 30th March, 2021, the trading window is under closure from 1st October, 2021 and shall remain closed till 48 hours after the Board Meeting for consideration and approval of unaudited financial results for the quarter/period ended September 30, 2021. A Notice to this effect is being hosted on the website of the Corporation at www.gicofindia.com.
01-11-2021
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General Insurance Corporation of India - 540755 - Announcement under Regulation 30 (LODR)-Change in RTA

 Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Corporation has renewed the term of its existing RTA, M/s. KFin Technologies Pvt. Ltd. for a further period of two years, w.e.f. 1st November 2021.
30-10-2021
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General Insurance Corporation of India - 540755 - Shareholding for the Period Ended September 30, 2021

 General Insurance Corporation of India has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2021. For more details, kindly Click here
18-10-2021
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