General Insurance Corp of India 2023 AR2
The report highlights the financial and operational performance of General Insurance Corporation of India (GIC Re) for the fiscal year 2022-23. The company recorded a gross premium of ’36,591.59 crore and a profit after tax of ’6,312.49 crore, while significantly reducing its underwriting loss to ’2,341.37 crore. GIC Re maintained its domestic market leadership, contributing 69% of its premium income, and improved its solvency ratio to 2.61. Additionally, the company demonstrated its commitment to sustainability and social responsibility by spending ’9.88 crore on various CSR projects and actively managing key national insurance pools.
Company: General Insurance Corp of India
Sector: Financials
Country: India
Year: 2023
Type: AR2
Pages: 890
General Insurance Corp of India
Annual Report
The report highlights the financial and operational performance of General Insurance Corporation of India (GIC Re) for the fiscal year 2022-23. The company recorded a gross premium of ’36,591.59 crore and a profit after tax of ’6,312.49 crore, while significantly reducing its underwriting loss to ’2,341.37 crore. GIC Re maintained its domestic market leadership, contributing 69% of its premium income, and improved its solvency ratio to 2.61. Additionally, the company demonstrated its commitment to sustainability and social responsibility by spending ’9.88 crore on various CSR projects and actively managing key national insurance pools.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English, Hindi
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees