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GIC RE PROFIT
GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwritingGeneral Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims...- NSE IPO: 10 key things investors need to know about India’s largest IPO in historyThe National Stock Exchange of India has filed its DRHP with SEBI for a long-awaited IPO expected to rank among India’s largest public offe...
- NSE IPO: 7 PSU shareholders to offload 8 crore shares in mega public offerSeven government-owned entities, including State Bank of India and Bank of Baroda, will sell stakes in the National Stock Exchange through ...
- Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCLMarkets extended their winning streak for the fourth consecutive session, driven by favorable global cues and sustained sector-wide buying....
- GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a s...
- Retail players can skip GIC Re's OFS: AnalystsRetail investors are advised to skip the government's offer for sale in General Insurance Corp of India. Analysts point to ongoing profitab...
- Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins endTop global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shi...
- GIC Re Q4 Results: Net profit rises 3% to Rs 2,642 croreGIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564...
- GIC Re hits 20% upper circuit limit as government mulls privatisationThe finance ministry and Niti Aayog will together finalise whether the general insurer will be considered for privatisation, a senior gover...
- GIC Re Q2 results: Posts net profit of Rs 230 crIts gross premium during July-September 2020 grew to Rs 10,651.50 crore, compared with Rs 9,459.21 crore in the year-ago period, GIC Re sai...
- Buy GIC Reinsurance, price target Rs 270: HDFC SecuritiesThe brokerage estimates an FY22E adjusted RoE of 9.9 per cent, and values GIC RE at 0.9x Mar-22E ABV, less 5 per cent discount.
- GIC Re Q4 profit declines 20% to Rs 603 croreThe insurer had registered a net profit of Rs 751.60 crore in January-March quarter of 2017-18.
- GIC Re Q1 net up 98%Combined ratio, which reflects the profitability from core business, remained stable at 99.9 per cent.
- GIC Re swings to profit of Rs 672 croreCompany’s performance is aided by better underwriting and lower claims
- GIC Re files DRHP to raise over Rs 7,000 croreGIC has a net worth of Rs 45,000 crore, including fair value. Valuation of the company will depend on factors such as net worth, combined r...
- GIC Re net profit up 10% for FY17GIC is in the process to file its papers for initial public offering.
- GIC Re moves a step closer to IPOGIC Re is expected to divest 10% initially and subsequently raise this to 25% in three years as that is the requirement under the listing n...
- GIC Re keen on more foreign buyouts; in talks with a Lloyds coThe industry is expecting at least 10-15 global re- insurers to enter the domestic market once the new Insurance Bill is passed, directly c...
- Insurers should cut obligatory cession losses: GICWorried over huge losses from compulsory business, GIC, has asked non-life insurance companies to take steps to cut losses on this portion.
- GIC Re hikes cost of reinsurance coverThe era of low-property insurance rates is over. The national reinsurer General Insurance Corporation (GIC Re) has raised the cost of reins...
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