Industry Revenues:

• Reinsurance (main business segment)
• Property Insurance
• Liability Insurance

TOP 3 Markets:

1. India: approx. 60%
2. Asia (excluding India): approx. 20%
3. Africa: approx. 10%

General Insurance Corporation of India (GIC Re) generates the majority of its revenues from reinsurance, with property and liability insurances also making significant contributions. The Indian market dominates the revenue distribution, attributed to the strong local presence and growth potential in the domestic market. Asia, excluding India, and Africa are also important markets, strengthened by strategic partnerships and expansions in these regions.

Production Sites: India

The General Insurance Corporation of India (GIC Re) is a reinsurance company and does not produce physical products in the traditional sense. Instead, the company offers reinsurance services, primarily provided in India. However, GIC Re operates globally and also offers its services internationally, with its headquarters located in Mumbai, India.

Strategic Growth Areas:

1. Digital Transformation
2. Diversification of the Product Portfolio
3. International Expansion

General Insurance Corporation of India (GICRE) is focusing on digital transformation to improve efficiency and customer experience. By investing in technology and digital platforms, the company aims to optimize its operational processes and offer new digital products.

Another key focus is on diversifying the product portfolio. GICRE plans to develop innovative insurance products that meet the changing needs of customers, especially in the areas of cyber insurance and environmental insurance.

Additionally, GICRE is aiming for increased international expansion. Through strategic partnerships and entering new markets outside of India, the company seeks to expand its global presence and tap into new revenue streams.

Imported Raw Materials/Components: No specific raw materials

Countries of Origin: Not applicable

The General Insurance Corporation of India (GIC Re) is a reinsurance company and does not import any physical raw materials or components. As a financial service provider, GIC Re focuses on providing reinsurance services and is not involved in the production or trade of physical goods.

Therefore, there is no specific information regarding imported raw materials or countries of origin related to GIC Re. The company primarily operates in the insurance market and is present in various countries through its reinsurance activities.

Market Share: 60% (estimated for 2025 in the Indian reinsurance market)

Return on Equity (ROE): 10.5% (2024)

Combined Ratio: 95% (2024)

General Insurance Corporation of India (GIC Re) has a significant competitive advantage in the Indian reinsurance market, mainly due to its dominant market share of about 60%. This enables the company to benefit from economies of scale and maintain a strong negotiating position with insurance companies.

The 10.5% return on equity indicates that GIC Re operates efficiently and has solid profitability. A combined ratio of 95% suggests that the company is operating profitably, as it spends less than 100% of its premium income on claims payments and operating expenses.

Additionally, GIC Re benefits from government support and a broad international network, strengthening its position in the global reinsurance market. These factors together give the company a sustainable competitive advantage.

Institutional Investor Share: 56% (estimated, 2025)

Insider Buys/Sells: No significant transactions reported (estimated, 2025)

The institutional investor share in General Insurance Corporation of India is estimated to be around 56%. This suggests that a large portion of the shares are held by major institutional investors, which is often a sign of confidence in the company's stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells reported recently. This could indicate that the management and other insiders do not expect significant changes in the stock price at the moment or that they are satisfied with the current company strategy.

Market share of General Insurance Corporation of India (GICRE): approx. 22% (2025, estimated)

Top competitors and their market shares:

1. General Insurance Corporation of India (GICRE): 22%
2. New India Assurance: 18%
3. United India Insurance: 15%
4. National Insurance Company: 12%
5. ICICI Lombard: 10%
6. Bajaj Allianz: 8%
7. HDFC ERGO: 7%
8. SBI General Insurance: 5%
9. Reliance General Insurance: 3%

Moat of GICRE:

General Insurance Corporation of India (GICRE) has a significant moat, mainly based on its established market position and extensive network. Being a state-owned company, GICRE also enjoys the trust and support of the government, which is a significant advantage in the insurance industry. This enables GICRE to manage risks efficiently and offer attractive reinsurance deals.

Compared to its competitors, GICRE has the advantage of a larger capital base and a broader international presence, allowing the company to take on larger risks and diversify globally. However, competitors, especially private insurers like ICICI Lombard and Bajaj Allianz, have gained ground in recent years through innovative products and digital transformation.

Despite the competition, GICRE's moat remains strong due to its government support and long-standing industry experience. Nevertheless, they must continuously adapt to keep pace with technological advancements and changing customer needs to maintain their edge.

Revenue Growth: 8.5% (2024) Profit Growth: 6.2% (2024) Combined Ratio: 98.7% (2024)

General Insurance Corporation of India (GICRE) achieved a revenue growth of 8.5% in 2024, attributed to a solid performance in its core segments. The profit growth of 6.2% indicates that the company was able to effectively manage its costs and increase profitability.

The Combined Ratio of 98.7% shows that GICRE is operating close to profitability, as a value below 100% means that the company is collecting more premiums than it is spending on claims and expenses. A Combined Ratio below 100% is a positive sign of an insurance company's operational efficiency.

GICRE benefits from a strong market position in India and has potential for further growth through expansion into international markets. The continuous improvement in operational efficiency and stable growth in a developing insurance market make the stock a potentially attractive investment.

However, investors should also consider the macroeconomic conditions and regulatory changes in the insurance sector that could impact future performance.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Regular payouts in recent years

The General Insurance Corporation of India (GICRE) has regularly distributed dividends in recent years, indicating a certain level of reliability. The dividend yield is estimated to be around 3.5% for the year 2025, based on the payouts of recent years and the current financial position of the company.

GICRE holds a strong position in the insurance market and demonstrates stable financial performance, supporting its ability to make continuous dividend payments. Analysts expect that the company will also be able to pay dividends in the coming years, provided that no significant negative market changes occur.