General information about company |
|
|---|---|
| Scrip code | 540755 |
| NSE Symbol | GICRE |
| MSEI Symbol | NOTLISTED |
| ISIN | INE481Y01014 |
| Name of Company | GENERAL INSURANCE CORPORATION OF INDIA |
| Type of company | Main Board |
| Class of security | Equity |
| Type Of Insurance | Non-Linked Policy |
| Date of start of financial year | 01-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 26-May-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 16-May-2025 |
| Description of presentation currency | INR (in Actuals) |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Start date and time of board meeting | 26-May-2025 16:00:00 |
| End date and time of board meeting | 26-May-2025 18:10:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Direct |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Format for financial results by general insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| OPERATING RESULTS | |||
| 1 | Operating income | ||
| (i) | Gross Premiums Written | 107460800000 | 419553300000 |
| (ii) | Net Premium written | 99760900000 | 384122300000 |
| (iii) | Premium Earned (Net) | 92500200000 | 367118300000 |
| (iv) | Income from investments (net) | 26574500000 | 87346800000 |
| (v) | Other income | ||
| 1 | Other income -Foreign exchange Gain/( Loss) | 350400000 | 1425000000 |
| Total other income | 350400000 | 1425000000 | |
| (vi) | Total income | 119425100000 | 455890100000 |
| 2 | Operating expenses | ||
| (i) | Commissions & Brokerage (net) | 20001500000 | 74719900000 |
| (ii) | Net commission | 20001500000 | 74719900000 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 613500000 | 1798400000 |
| (b) | Other operating expenses | ||
| 0 | Other operating expenses | 633000000 | 2146200000 |
| Total other operating expenses | 633000000 | 2146200000 | |
| (c) | Total operating expenses related to insurance business | 1246500000 | 3944600000 |
| (iv) | Premium Deficiency | -411000000 | -376200000 |
| (v) | Incurred Claims | ||
| (a) | Claims Paid | 69765700000 | 262971200000 |
| (b) | Change in Outstanding Claims (incl. IBNR/IBNER) | 4489200000 | 58697800000 |
| Total Incurred claims | 74254900000 | 321669000000 | |
| (vi) | Total Expense | 95091900000 | 399957300000 |
| (vii) | Underwriting Profit(Loss) | -2591700000 | -32839000000 |
| (viii) | Provisions for doubtful debts (including bad debts written off) | 0 | 0 |
| (ix) | Provisions for diminution in value of investments | 0 | 0 |
| (x) | Operating Profit/loss: | 24333200000 | 55932800000 |
| (xi) | Appropriations | ||
| (a) | Transfer to Profit and Loss A/c | 18353700000 | 49953300000 |
| (b) | Transfer to reserves | 5979500000 | 5979500000 |
| NON-OPERATING RESULTS | |||
| 1 | Income in shareholder's account | ||
| (a) | Transfer from Policyholders' Fund | 18353700000 | 49953300000 |
| (b) | Income from investments | 13010800000 | 41702900000 |
| (c) | Other income | ||
| 1 | Other income | 1106600000 | 1819000000 |
| 2 | Share of Profit in Associates Companies | 1349900000 | 4578800000 |
| Total other income | 2456500000 | 6397800000 | |
| Total income | 33821000000 | 98054000000 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 281400000 | 1080400000 |
| (ii) | Provisions for doubtful debts (including bad debts written off) | 73000000 | 544800000 |
| (iii) | Provisions for diminution in value of investments | 678600000 | 803600000 |
| Total Expense | 1033000000 | 2428800000 | |
| 3 | Profit / Loss before extraordinary items |
32788000000 | 95625200000 |
| 4 | Extraordinary Items |
0 | 0 |
| 5 | Profit/ (loss) before tax |
32788000000 | 95625200000 |
| 6 | Provision for tax |
7799400000 | 21306800000 |
| 7 | Profit / (loss) after tax |
24988600000 | 74318400000 |
| 8 | Divident per share | ||
| (a) | Interim Dividend | 0 | 0 |
| (b) | Final dividend | 0 | 1000000 |
| 9 | Opening Balance and Approproations from PAT (Net) | 191820600000 | 191820600000 |
| 10 | Profit (loss) carried to balance sheet | 25009000000 | 266139000000 |
| 11 | Paid up equity capital | 8772000000 | 8772000000 |
| 12 | Reserve and Surplus (Excluding Revualuation Reserve) | 477819600000 | 477819600000 |
| 13 | Fair value change account and revaluation reserve | 401404400000 | 401404400000 |
| 14 | Assets | ||
| (a) | Investments | ||
| (i) | Shareholders Fund | 482852000000 | 482852000000 |
| (ii) | Policyholders' Fund | 949950200000 | 949950200000 |
| Total investments | 1432802200000 | 1432802200000 | |
| (b) | Other Assets (Net of current liabilites and provisions) | -544806100000 | -544806100000 |
| Total assets | 887996100000 | 887996100000 | |
| Analytical Ratios | |||
| (i) | Solvency ratio | 0.037 | 0.037 |
| (ii) | Expenses of management ratio | 0.0125 | 0.0103 |
| (iii) | Incurred Claim Ratio | 0.8028 | 0.8762 |
| (iv) | Net retention ratio | 0.9283 | 0.9156 |
| (v) | Combined ratio | 1.0157 | 1.081 |
| (vi) | Earning per share | ||
| (a) | Basic and diluated EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 14.24 | 42.36 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 14.24 | 42.36 |
| (vii) | NPA ratios | ||
| (a) | Gross NPAs | 8950500000 | 8950500000 |
| (c) | Net NPAs | 0 | 0 |
| (b) | Percentage of Gross NPAs | 0.0113 | 0.0113 |
| (d) | Percentage of net NPAs | 0 | 0 |
| (viii) | Yield on Investments | ||
| (a) | Without unrealized gains | 1248000 | 1067000 |
| (b) | With unrealised gains | 888000 | 759000 |
| (ix) | Public shareholding (in case of public sector insurance companies) | ||
| (a) | Number of shares | 3088 | 3088 |
| (b) | Percentage of shareholding | 0.176 | 0.176 |
| (c) | Percentage of government holding | 0.824 | 0.824 |
| Investor Compliants | |||
| (i) | No of investor complaints pending at the beginning of the period | 0 | 0 |
| (ii) | No of investor complaints during the period | 1 | 9 |
| (iii) | No of investor complaints disposed off during the period | 1 | 9 |
| (iv) | No of investor complaints remaining unresolved at the end of the period | 0 | 0 |
| (c) | Notes Format for financial results by general insurance companies filed with stock exchanges |
| 1. The above audited Consolidated financial results of the Corporation for the quarter and year ended March 31, 2025, were reviewed and recommended by the audit committee and subsequently approved by the Board of Directors at its meeting held on May 26, 2025. 2. The periods of Consolidated accounts for the Subsidiaries / Associates are as follows for the year ended 31.03.2025: -Subsidiary Period GIC Re South Africa Limited 01.01.2024-31.03.2025 GIC Re, India, Corporate Member Limited 01.01.2024-31.12.2024 GIC Perestrakhovanie LLC 01.01.2024-31.12.2024 Associates Agriculture Insurance Company of India Limited 01.01.2024-31.12.2024 GIC – Bhutan Reinsurance Company Limited 01.01.2024-31.12.2024 India International Insurance Pte Ltd 01.01.2024-31.12.2024 Foreign subsidiaries and associates are located outside India whose financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which are local management certified under generally accepted auditing standards applicable in their respective countries. We have materially converted the financial information of such subsidiaries and associates located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. 3. The above audited Consolidated Financial Results were audited by joint statutory auditors, S H B A & CO LLP (Formerly known as Bathiya & Associates LLP) Chartered Accountants and S A R A & Associates, Chartered Accountants. 4. The figures for the quarter ended 31.03.2025 and 31.03.2024 are the balancing figures between audited figures for the full financial year and the reviewed year to date figures up to the third quarter of the respective financial year 5. Other income/expenses include forex gain of 5,903 lakhs for the year ended 31st March 2025 (previous year 4,670 lakhs) 6. The balances of amount due to/from and the deposits kept with other persons/bodies carrying on insurance business are subject to confirmation/reconciliation. There exists a detailed process to match confirmations with the books and these are marked for majority of the balances. Adjustments, if any for unconfirmed balances will be accounted for on receipt /confirmation/reconciliation of the same. However, it may be noted that Provision for amount due from and the deposits, over a period of three years have been fully provided for. These balances and deposits are arising from the accounts booked through Statement of Accounts obtained from the cedants/ brokers. 7. The estimate of claims Incurred But Not Reported [IBNR] & Incurred But Not Enough Reported [IBNER], Premium Deficiency Reserve and Technical Reserves as on March 31, 2025 are incorporated in the financial statements have been certified by the Company’s Life and Non-Life Appointed Actuaries respectively. 8. During the current financial year 2024-25, the rating provided by M/s AM Best for Financial Strength Rating (FSR) is ‘A- (Excellent)’ and Long-Term Issuer Credit Rating (ICR) is ‘a-(Excellent)’, with ‘Stable’ outlook for FSR and Long-Term ICR. During the Previous financial year 2023-24, the Financial Strength Rating (FSR) of ‘B++ (Good)’ and the Long-Term Issuer Credit Rating (ICR) of ‘bbb+(Good)’ were reaffirmed and the outlook of both the FSR and ICR were revised to ‘Positive’. Also, a NSR (National scale rating) of aaa.IN (Exceptional) with outlook as ‘Stable’ was assigned. 9. GIC Re Dubai branch continues to be in run-off operations since July 2021 and is presently servicing the accounting and claims of contracts underwritten in previous years prior to run-off. The business previously underwritten by Dubai branch is now being handled by GIFT City branch in India. Application for portfolio transfer of the open balances of Dubai branch to Gift City branch and eventual de-registration of Dubai branch has been filed with the UAE regulator and correspondence in this regard is in progress. 10. Cash and Cash equivalents amounts for the year ended March 31, 2025, mentioned in the Receipts and Payments Account / Cash Flow Statement which also includes Rs. 10,62,768 lakhs of fixed deposits having maturity of more than 3 months and Deposits under margin for Letter of Credit Rs. 6,93,643 Lakhs as on the date of these Consolidated Financial result. Cash & Cash equivalent amount for Previous year ended on March 31, 2024, includes Rs. 9,40,839 lakhs of fixed deposits having maturity of more than 3 months and Deposits under margin for Letter of Credit Rs. 7,67,779 lakhs. The same have been excluded for calculating Cash and Cash equivalents for Cash Flow. 11. As per the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024 the Corporation is required to prepare Receipts and Payment Accounts in accordance with the Direct Method prescribed in AS -3 “Cash Flow Statement”. The Corporation has complied with the same. 12. Creation of a Catastrophe Reserve is an accepted method to handle future volatility in claims, and to introduce a factor of stability in the financial results. The reserve can make a significant contribution to reducing financial vulnerability in future. This reserve is broadly intended to be utilised towards meeting large catastrophe losses against the insurance policies in force. The Group decided to create the same from the financial year 2022-23 onwards, by appropriation of 10 percentage of Operating Profit of holding company in respect of Revenue Accounts with an overall reserve cap of Rs. 500,000 lakhs: FY 2024-25 FY 2023-24 ( Rs. Lakhs) Revenue Account Operating Profit Catastrophe Reserve Operating Profit** Catastrophe Reserve Fire 210,675 21,068 3,00,825 27,861 Miscellaneous 387,272 38,727 3,42,299 30,889 Marine (3,542) 0 (1,61,315) 0 Total 5,94,405 59,795 4,81,809 58,750 -Operating Profit reported for FY 2023-24 is as per regrouping made in Revenue Accounts 13. Figures of the previous period/year have been re-grouped/re-arranged wherever necessary. The regrouping is made in Revenue Accounts and Profit & Loss Accounts to comply with changes as per Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024. This has resulted in movement of followings heads from Profit & Loss Account to Revenue Accounts pertaining to the period ended 31.03.2024. Particulars (Rs. in lakhs) Amortisation of Premium /Discount on investments 3,723 Provision for Bad and Doubtful Debts (70,232) Provision for diminution in the value of other than actively traded Equities 6,203 Total (60,306) This has resulted into increase in Operating Profit of Revenue Accounts by Rs. 60,306 Lakhs and decrease of the same in respective account heads of Profit & Loss Accounts pertaining to the period ended 31.03.2024. There is Nil impact on Profit before and after Tax due to the above-mentioned regrouping in previous period. 14. The Board of Directors of the Corporation have recommended final dividend at the rate of 10/-per equity share (on face value of 5/- each) for the Financial Year 2024-25. Earlier during the current financial year, the Corporation had paid Final dividend of 10/- per equity share (on face value of 5/- each) for the Financial Year 2023-24. Place: Mumbai Date: May 26, 2025 |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| Segment Income | |||
| 1 | Fire | ||
| (i) | Net premium | 35308200000 | 119393800000 |
| (ii) | Income form investments | 9796100000 | 32646300000 |
| (iii) | Other income | 179100000 | 521800000 |
| 2 | Marine | ||
| (i) | Net premium | 2485800000 | 9508000000 |
| (ii) | Income form investments | 973600000 | 4060200000 |
| (iii) | Other income | 8300000 | 63700000 |
| 3 | Health including personal accident | ||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
| 4 | Health retail | ||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
| 5 | Health group | ||
| (i) | Net premium | 25320600000 | 94540300000 |
| (ii) | Income form investments | 2677000000 | 8082400000 |
| (iii) | Other income | 27900000 | 128800000 |
| 6 | Health government schemes | ||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
| 7 | Motor | ||
| (i) | Net premium | 17849800000 | 64342600000 |
| (ii) | Income form investments | 6129200000 | 20134600000 |
| (iii) | Other income | 61600000 | 316100000 |
| 8 | Retail | ||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
| 9 | Group and corporate | ||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| (1) | Other segment 1 | ||
| Name of other segment | Aviation | ||
| (i) | Net premium | 811900000 | 3511400000 |
| (ii) | Income form investments | 387700000 | 1587600000 |
| (iii) | Other income | 1500000 | 26400000 |
| Unallocated | |||
| (i) | Net premium | 0 | 0 |
| (ii) | Income form investments | 0 | 0 |
| (iii) | Other income | 0 | 0 |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| Segment Premium Deficiency | |||
| 1 | Fire | 0 | 0 |
| 2 | Marine | 0 | 0 |
| 3 | Health including personal accident | 0 | 0 |
| 4 | Health Retail | 0 | 0 |
| 5 | Health Group | 0 | 0 |
| 6 | Health Government Schemes | 0 | 0 |
| 7 | Motor | 0 | 0 |
| 8 | Retail | 0 | 0 |
| 9 | Group And Corporate | 0 | 0 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Aviation | 0 | 0 |
| 2 | Engineering | 0 | 0 |
| 3 | Workmen Compensation | 0 | 0 |
| 4 | Liability | 0 | 0 |
| 5 | Personal Accident | 0 | 0 |
| 6 | Agriculture | 0 | 0 |
| 7 | Other Miscellneous | 0 | 0 |
| 8 | FL/Credit | 0 | 0 |
| 9 | LIFE | -411000000 | -376200000 |
| 10 | NA | 0 | 0 |
| 11 | Unallocated | 0 | 0 |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| Segment Underwriting Profit/Loss | |||
| 1 | Fire | 2893200000 | -10144700000 |
| 2 | Marine | 1976200000 | -4319000000 |
| 3 | Health including personal accident | 0 | 0 |
| 4 | Health Retail | 0 | 0 |
| 5 | Health Group | -2961400000 | -9320300000 |
| 6 | Health Government Schemes | 0 | 0 |
| 7 | Motor | -2786600000 | -5251400000 |
| 8 | Retail | 0 | 0 |
| 9 | Group And Corporate | 0 | 0 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Aviation | 713400000 | -308400000 |
| 2 | Engineering | 1246500000 | 1123400000 |
| 3 | Workmen Compensation | -417000000 | -848300000 |
| 4 | Liability | -343400000 | -1020100000 |
| 5 | Personal Accident | 733500000 | 2595000000 |
| 6 | Agriculture | 714300000 | -9300000 |
| 7 | Other Miscellneous | 1673900000 | 2145300000 |
| 8 | FL/Credit | 1227700000 | 2096700000 |
| 9 | LIFE | -6911600000 | -8152700000 |
| 10 | NA | 0 | 0 |
| 11 | Unallocated | 0 | 0 |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| Segment Operating Profit/Loss | |||
| 1 | Fire | 12689200000 | 22501600000 |
| 2 | Marine | 2949800000 | -259000000 |
| 3 | Health including personal accident | 0 | 0 |
| 4 | Health Retail | 0 | 0 |
| 5 | Health Group | -284400000 | -1238000000 |
| 6 | Health Government Schemes | 0 | 0 |
| 7 | Motor | 3342700000 | 14883200000 |
| 8 | Retail | 0 | 0 |
| 9 | Group And Corporate | 0 | 0 |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Aviation | 1101100000 | 1279200000 |
| 2 | Engineering | 2754700000 | 5924100000 |
| 3 | Workmen Compensation | -345500000 | -683100000 |
| 4 | Liability | 295300000 | 910900000 |
| 5 | Personal Accident | 1055100000 | 3645200000 |
| 6 | Agriculture | 2937100000 | 7958600000 |
| 7 | Other Miscellneous | 2208500000 | 3907600000 |
| 8 | FL/Credit | 1476000000 | 2919500000 |
| 9 | LIFE | -5846300000 | -5817000000 |
| 10 | NA | 0 | 0 |
| 11 | Unallocated | 0 | 0 |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Jan-2025 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether accounts are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Segment Technical Liabilities (Unexpired Risk Reserve-Net) | |||
| 1 | Fire | 60052500000 | |
| 2 | Marine | 7511500000 | |
| 3 | Health including personal accident | 0 | |
| 4 | Health Retail | 0 | |
| 5 | Health Group | 47275700000 | |
| 6 | Health Government Schemes | 0 | |
| 7 | Motor | 32171600000 | |
| 8 | Retail | 0 | |
| 9 | Group And Corporate | 0 | |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Aviation | 1755700000 | |
| 2 | Engineering | 8203100000 | |
| 3 | Workmen Compensation | 145000000 | |
| 4 | Liability | 3207800000 | |
| 5 | Personal Accident | 2849100000 | |
| 6 | Agriculture | 2381500000 | |
| 7 | Other Miscellneous | 4536600000 | |
| 8 | FL/Credit | 1476200000 | |
| 9 | LIFE | 2140800000 | |
| 10 | NA | 0 | |
| 11 | Unallocated | 0 | |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Jan-2025 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether accounts are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Segment Technical Liabilities (Unexpired Claims Reserves Including IBNR & IIBNER) | |||
| 1 | Fire | 304781300000 | |
| 2 | Marine | 38547300000 | |
| 3 | Health including personal accident | 0 | |
| 4 | Health Retail | 0 | |
| 5 | Health Group | 44898100000 | |
| 6 | Health Government Schemes | 0 | |
| 7 | Motor | 194887400000 | |
| 8 | Retail | 0 | |
| 9 | Group And Corporate | 0 | |
| 10 | Any other class as may be specified by the Authority. - Enter the name below | ||
| Name of Other Segment | |||
| 1 | Aviation | 16189900000 | |
| 2 | Engineering | 45263800000 | |
| 3 | Workmen Compensation | 1771800000 | |
| 4 | Liability | 18277200000 | |
| 5 | Personal Accident | 8489600000 | |
| 6 | Agriculture | 86751500000 | |
| 7 | Other Miscellneous | 14556500000 | |
| 8 | FL/Credit | 7166100000 | |
| 9 | LIFE | 23787200000 | |
| 10 | NA | 0 | |
| 11 | Unallocated | 0 | |
Format for financial results by general insurance companies filed with stock exchanges |
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| Partiuclars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether accounts are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Sources of Funds | |||
| 1 | Share capital | 8772000000 | |
| 2 | Reserves and surplus | 477819600000 | |
| 3 | Share application money pending allotment | 0 | |
| 4 | Fair value change account | ||
| (a) | Policyholders funds | 272999100000 | |
| (b) | Shareholders funds | 128405400000 | |
| 5 | Borrowings | 0 | |
| 6 | Minority Interest | 0 | |
| Total Sources of Funds | 887996100000 | ||
| APPLICATION OF FUNDS | |||
| 1 | Investments shareholders | 482852000000 | |
| 2 | Investments policyholders | 949950200000 | |
| 2 | Loans | 1373600000 | |
| 3 | Fixed assets | 3265700000 | |
| 4 | Deferred Tax Asset | 6933300000 | |
| 5 | Current assets | ||
| Cash and bank balances | 252796400000 | ||
| Advances and other assets | 250523000000 | ||
| 6 | Sub-total (a) | 503319400000 | |
| 7 | Current liabilities | 862345400000 | |
| 8 | Provisions | 197352700000 | |
| 9 | Sub-total (b) | 1059698100000 | |
| 10 | Net current assets (c) = (a - b) | -556378700000 | |
| 11 | Miscellaneous expenditure (to the extent not written off or adjusted) | 0 | |
| 12 | Debit balance in profit & loss account (shareholder ' s account) | 0 | |
| 13 | Total | 887996100000 | |
| 14 | Contigent Liabilities | 0 | |
Cash flow statement,direct |
||
| Particulars | Year ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| Statement of cash flows | ||
| Cash flows from used in operating activities | ||
| Classes of cash receipts from operating activities | ||
| Receipts from sales of goods and rendering of services | 0 | |
| Receipts from royalties fees, commissions and other revenue | 0 | |
| Receipts from contracts held for dealing or trading purpose | 0 | |
| Receipts from premiums and claims annuities and other policy benefits | 46789100000 | |
| Receipts from rents and subsequent sales of assets held for rental to others and subsequently held for sale | 0 | |
| Other cash receipts from operating activities | 0 | |
| Classes of cash payments from operating activities | ||
| Payments to suppliers for goods and services | 297900000 | |
| Payments from contracts held for dealing or trading purpose | 0 | |
| Payments to and on behalf of employees | 3422800000 | |
| Payments for premiums and claims, annuities and other policy benefits | 0 | |
| Payments to manufacture or acquire assets held for rental to others and subsequently held for sale | 0 | |
| Other cash payments from operating activities | 23308500000 | |
| Net cash flows from (used in) operations | 19759900000 | |
| Dividends received | 0 | |
| Interest paid | 0 | |
| Interest received | 0 | |
| Income taxes paid (refund) | 0 | |
| Other inflows (outflows) of cash | 0 | |
| Net cash flows from (used in) operating activities | 19759900000 | |
| Cash flows from used in investing activities | ||
| Cash flows from losing control of subsidiaries or other businesses | 0 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 0 | |
| Other cash payments to acquire equity or debt instruments of other entities | 0 | |
| Other cash receipts from sales of interests in joint ventures | 0 | |
| Other cash payments to acquire interests in joint ventures | 0 | |
| Proceeds from sales of property, plant and equipment | 0 | |
| Purchase of property, plant and equipment | 0 | |
| Proceeds from sales of investment property | 0 | |
| Purchase of investment property | 0 | |
| Proceeds from sales of goodwill | 0 | |
| Purchase of goodwill | 0 | |
| Proceeds from sales of intangible assets | 0 | |
| Purchase of intangible assets | 0 | |
| Proceeds from biological assets other than bearer plants | 0 | |
| Purchase of biological assets other than bearer plants | 0 | |
| Proceeds from sales of other long-term assets | 113414800000 | |
| Purchase of other long-term assets | 212652800000 | |
| Cash advances and loans made to other parties | 0 | |
| Cash receipts from repayment of advances and loans made to other parties | 0 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | |
| Dividends received | 85726300000 | |
| Interest received | 0 | |
| Income taxes paid (refund) | 0 | |
| Other inflows (outflows) of cash | 4255800000 | |
| Proceeds from government grants | 0 | |
| Net cash flows from (used in) investing activities | -9255900000 | |
| Cash flows from used in financing activities | ||
| Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control | 0 | |
| Payments from changes in ownership interests in subsidiaries that do not result in loss of control | 0 | |
| Proceeds from issuing shares | 0 | |
| Proceeds from issuing other equity instruments | 0 | |
| Payments to acquire or redeem entity's shares | 0 | |
| Payments of other equity instruments | 0 | |
| Proceeds from exercise of stock options | 0 | |
| Proceeds from issuing debentures notes bonds etc | 0 | |
| Proceeds from borrowings | 0 | |
| Repayments of borrowings | 0 | |
| Payments of lease liabilities | 0 | |
| Dividends paid | 17544000000 | |
| Interest paid | 0 | |
| Income taxes paid (refund) | 0 | |
| Other inflows (outflows) of cash | 0 | |
| Net cash flows from (used in) financing activities | -17544000000 | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -7040000000 | |
| Effect of exchange rate changes on cash and cash equivalents | ||
| Effect of exchange rate changes on cash and cash equivalents | 6505200000 | |
| Net increase (decrease) in cash and cash equivalents | -534800000 | |
| Cash and cash equivalents cash flow statement at beginning of period | 77690100000 | |
| Cash and cash equivalents cash flow statement at end of period | 77155300000 | |
Details of Impact of Audit Qualification |
|
|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/s S A R A & Associates | Yes | 31-May-2027 | ||
|---|---|---|---|---|---|
| 2 | S H B A & CO LLP | Yes | 31-Aug-2027 | ||
Signatories details |
|
|---|---|
| Name of CEO / Managing director | |
| Name of audit committee chairman | |
| Name of statutory auditor | |
| Name of other signatory, if any, with designation | |
| Place | |
| Date | |