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General Insurance of India

NSEI:GICRE
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GICRE
NSEI
₹432B
Market Cap
  1. Home
  2. IN
  3. Insurance
Company description

General Insurance Corporation of India provides reinsurance services in India and internationally. The last earnings update was 265 days ago. More info.


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GICRE Share Price and Events
7 Day Returns
-5.4%
NSEI:GICRE
-0.8%
IN Insurance
-1%
IN Market
1 Year Returns
-30.9%
NSEI:GICRE
-10.1%
IN Insurance
-1.6%
IN Market
GICRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
General Insurance of India (GICRE) -5.4% 2.2% 0.3% -30.9% - -
IN Insurance -0.8% 7.3% 11.5% -10.1% 65.6% 94.8%
IN Market -1% 3% 6.2% -1.6% 39% 73%
1 Year Return vs Industry and Market
  • GICRE underperformed the Insurance industry which returned -10.1% over the past year.
  • GICRE underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is General Insurance of India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of General Insurance of India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for General Insurance of India.

NSEI:GICRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= ₹156.80 * 12.7%
₹19.90
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. ₹156.80
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GICRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 35%) (0%))
0.815
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.815 * 8.6%)
14.56%

Discounted Cash Flow Calculation for NSEI:GICRE using Excess Returns Model Model

The calculations below outline how an intrinsic value for General Insurance of India is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:GICRE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 14.56%) * ₹156.80)
₹-2.93
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-2.93 / (14.56% - 7.55%)
₹-41.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹156.80 + ₹-41.84
₹114.96
NSEI:GICRE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:GICRE represents 1.0002x of BSE:540755
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0002x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 114.96 x 1.0002
₹114.98
Value per share (INR) From above. ₹114.98
Current discount Discount to share price of ₹246.10
= -1 x (₹246.10 - ₹114.98) / ₹114.98
-114%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of General Insurance of India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for General Insurance of India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are General Insurance of India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GICRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹18.13
BSE:540755 Share Price ** BSE (2019-04-25) in INR ₹246.05
India Insurance Industry PE Ratio Median Figure of 9 Publicly-Listed Insurance Companies 39.09x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of General Insurance of India.

NSEI:GICRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540755 Share Price ÷ EPS (both in INR)

= 246.05 ÷ 18.13

13.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Insurance of India is good value based on earnings compared to the IN Insurance industry average.
  • General Insurance of India is good value based on earnings compared to the India market.
Price based on expected Growth
Does General Insurance of India's expected growth come at a high price?
Raw Data
NSEI:GICRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.4%per year
India Insurance Industry PEG Ratio Median Figure of 8 Publicly-Listed Insurance Companies 2.64x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:GICRE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.57x ÷ 9.4%

1.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Insurance of India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on General Insurance of India's assets?
Raw Data
NSEI:GICRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹307.74
BSE:540755 Share Price * BSE (2019-04-25) in INR ₹246.05
India Insurance Industry PB Ratio Median Figure of 9 Publicly-Listed Insurance Companies 5.65x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:GICRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540755 Share Price ÷ Book Value per Share (both in INR)

= 246.05 ÷ 307.74

0.8x

* Primary Listing of General Insurance of India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • General Insurance of India is good value based on assets compared to the IN Insurance industry average.
X
Value checks
We assess General Insurance of India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. General Insurance of India has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is General Insurance of India expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is General Insurance of India expected to grow at an attractive rate?
  • General Insurance of India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • General Insurance of India's earnings growth is positive but not above the India market average.
  • General Insurance of India's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GICRE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GICRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.4%
NSEI:GICRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.1%
India Insurance Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
India Insurance Industry Revenue Growth Rate Market Cap Weighted Average 15.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GICRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GICRE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 662,527 1
2021-03-31 556,833 36,331 4
2020-03-31 495,301 30,173 4
2019-03-31 439,795 24,741 4
NSEI:GICRE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 435,770 88,370 31,455
2017-03-31 313,452 79,012 36,717
2016-03-31 193,886 60,128 28,234

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • General Insurance of India's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • General Insurance of India's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GICRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from General Insurance of India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GICRE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 20.45 20.86 19.93 3.00
2020-03-31 17.49 18.45 15.95 3.00
2019-03-31 15.04 16.92 13.36 3.00
NSEI:GICRE Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 18.13
2017-03-31 21.35
2016-03-31 16.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • General Insurance of India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess General Insurance of India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
General Insurance of India has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has General Insurance of India performed over the past 5 years?

  • General Insurance of India's last earnings update was 265 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare General Insurance of India's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if General Insurance of India's year on year earnings growth rate was positive over the past 5 years.
  • General Insurance of India's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • General Insurance of India's 1-year earnings growth is negative, it can't be compared to the IN Insurance industry average.
Earnings and Revenue History
General Insurance of India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from General Insurance of India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GICRE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 435,770.07 31,455.37 3,330.20
2017-03-31 313,451.98 36,717.41 4,968.41
2016-03-31 193,885.52 28,234.15 817.72
2015-03-31 177,142.56 28,909.75 2,906.13
2014-03-31 169,666.38 24,330.52 1,763.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • General Insurance of India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • General Insurance of India used its assets more efficiently than the IN Insurance industry average last year based on Return on Assets.
  • General Insurance of India has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess General Insurance of India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
General Insurance of India has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is General Insurance of India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up General Insurance of India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • General Insurance of India's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • General Insurance of India has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of General Insurance of India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • General Insurance of India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from General Insurance of India Company Filings, last reported 1 year ago.

NSEI:GICRE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 539,890.79 0.00 154,950.55
2017-03-31 502,197.66 0.00 135,693.28
2016-03-31 418,745.14 0.00 106,781.66
2015-03-31 441,717.70 0.00 82,188.29
2014-03-31 341,860.17 0.00 86,142.55
  • General Insurance of India has no debt.
  • General Insurance of India has not taken on any debt in the past 5 years.
  • General Insurance of India has no debt, it does not need to be covered by operating cash flow.
  • General Insurance of India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess General Insurance of India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. General Insurance of India has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is General Insurance of India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.74%
Current annual income from General Insurance of India dividends. Estimated to be 2.91% next year.
If you bought ₹2,000 of General Insurance of India shares you are expected to receive ₹55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • General Insurance of India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • General Insurance of India's dividend is above the markets top 25% of dividend payers in India (1.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GICRE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
India Insurance Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GICRE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 8.00 1.00
2021-03-31 7.64 5.00
2020-03-31 6.49 5.00
2019-03-31 4.94 5.00
NSEI:GICRE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-25 6.750 2.307
2017-10-25 5.825 1.548

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, General Insurance of India has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but General Insurance of India only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of General Insurance of India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess General Insurance of India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can General Insurance of India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. General Insurance of India has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of General Insurance of India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alice Vaidyan
COMPENSATION ₹4,072,000
AGE 59
TENURE AS CEO 3.3 years
CEO Bio

Mrs. Alice G. Vaidyan has been the Chairman of the Board and Managing Director of General Insurance Corporation of India since January 23, 2016. Mrs. Vaidyan served as Manager of Marine Cargo at New India Assurance Co. Ltd. Mrs. Vaidyan served as Chief Financial Officer at General Insurance Corporation of India until September 04, 2015 and its General Manager since October 2012. Mrs. Vaidyan served as General Manager of General Insurance Corporation of India. Mrs. Vaidyan joined the public sector general insurance industry as a direct recruit officer in 1983 with The New India Assurance Company Limited. She served as Deputy General Manager of General Insurance Corporation of India since July 2008. In GIC Re, Mrs. Vaidyan's responsibilities include Reinsurance (Marine, Aviation, Oil & Energy, Liability and Marine Hull Pool). She worked at the Thiruvananthpuram, Ahmadabad and Kochi offices in various capacities before heading the Mumbai Divisional office handling the Reliance Industries business. Mrs. Vaidyan served as the Chief Manager in the Marine Technical Department in the Head Office of New India Assurance Company at Mumbai and was handling marine hull, cargo, oil & energy and reinsurance portfolios. She has been the Chairperson and Director of GIC Housing Finance Limited since January 29, 2016. She serves as Director of Health Insurance TPA of India Ltd. She has been a Director of Life Insurance Corporation of India since August 26, 2016; East Africa Reinsurance Company Limited since February 26, 2016; Export Credit Guarantee Corporation of India Ltd., since November 30, 2016. Mrs. Vaidyan is a visiting faculty at National Insurance Academy at Pune. Mrs. Vaidyan won the Lloyds List Marine Insurance Award in 2007 for New India for best marine insurer. She has also attended Marine course at London and attended International marine conferences at Amsterdam and Copenhagen.

CEO Compensation
  • Alice's compensation has increased by more than 20% in the past year.
  • Alice's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the General Insurance of India management team in years:

0.7
Average Tenure
55
Average Age
  • The average tenure for the General Insurance of India management team is less than 2 years, this suggests a new team.
Management Team

Alice Vaidyan

TITLE
Chairman & MD
COMPENSATION
₹4M
AGE
59
TENURE
3.3 yrs

Sashikala Muralidharan

TITLE
CFO, GM & Director
COMPENSATION
₹586K
TENURE
0.7 yrs

Suchita Gupta

TITLE
Company Secretary
COMPENSATION
₹2M
AGE
54

Madhulika Bhaskar

TITLE
Chief Risk Officer & GM
COMPENSATION
₹2M
AGE
55

Satyajit Tripathy

TITLE
Deputy General Manager
COMPENSATION
₹2M
AGE
54
TENURE
3.7 yrs

Uttam Sharma

TITLE
Deputy General Manager
COMPENSATION
₹2M
TENURE
1.3 yrs

Shashikant More

TITLE
Chief Investment Officer & GM
TENURE
0.7 yrs

Deepak Godbole

TITLE
Chief Marketing Officer & GM
TENURE
0.7 yrs

Devesh Srivastava

TITLE
Financial Advisor & Chief of Internal Audit
TENURE
0.7 yrs

Usha Ramaswamy

TITLE
GM, Chief Underwriting Officer & Whole Time Director
AGE
59
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the General Insurance of India board of directors in years:

1.6
Average Tenure
59
Average Age
  • The average tenure for the General Insurance of India board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alice Vaidyan

TITLE
Chairman & MD
COMPENSATION
₹4M
AGE
59
TENURE
3.3 yrs

Sashikala Muralidharan

TITLE
CFO, GM & Director
COMPENSATION
₹586K
TENURE
1.3 yrs

Usha Ramaswamy

TITLE
GM, Chief Underwriting Officer & Whole Time Director
AGE
59
TENURE
0.7 yrs

V. Ramaswamy

TITLE
Independent Director
TENURE
1.6 yrs

Ravi Mital

TITLE
Non-Executive Director
AGE
57
TENURE
1.8 yrs

Atanu Kumar Das

TITLE
Non-Executive Director
TENURE
1.7 yrs

Govind Pande

TITLE
Independent Director
COMPENSATION
₹70K
TENURE
1.6 yrs

Amarendra Singh

TITLE
Independent Director
COMPENSATION
₹130K
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess General Insurance of India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. General Insurance of India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did Changing Sentiment Drive General Insurance of India's Share Price Down By 29%?

It's nice to see the General Insurance Corporation of India (NSE:GICRE) share price up 14% in a week. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

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Why Fundamental Investors Might Love General Insurance Corporation of India (NSE:GICRE)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of General Insurance Corporation of India (NSE:GICRE), it

Simply Wall St -

Will General Insurance Corporation of India's (NSE:GICRE) Earnings Grow Over The Next Few Years?

General Insurance Corporation of India's (NSE:GICRE) announced its latest earnings update in March 2018, whicha

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Here's What General Insurance Corporation of India's (NSE:GICRE) P/E Ratio Is Telling Us

We'll show how you can use General Insurance Corporation of India's (NSE:GICRE) P/E ratio to inform your assessment of the investment opportunity. … General Insurance of India has a P/E ratio of 16, based on the last twelve months. … How Do You Calculate General Insurance of India's P/E Ratio

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What Should You Know About General Insurance Corporation of India's (NSE:GICRE) Growth?

After General Insurance Corporation of India's (NSE:GICRE) earnings announcement in March 2018,. … with earnings expected to grow by 18% in the upcoming year … the past 5-year average growth rate of 7.4%

Simply Wall St -

An Examination Of General Insurance Corporation of India (NSE:GICRE)

General Insurance Corporation of India (NSE:GICRE) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of GICRE, it.

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Should You Worry About General Insurance Corporation of India's (NSE:GICRE) CEO Salary Level?

Alice Vaidyan took the helm as General Insurance Corporation of India's (NSE:GICRE) CEO and grew market cap to ₹580.09b recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

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Why General Insurance Corporation of India (NSE:GICRE) May Not Be As Efficient As Its Industry

and want to begin learning the link between company’s fundamentals and stock market performance. … General Insurance Corporation of India (NSE:GICRE) delivered a less impressive 5.83% ROE over the past year, compared to the 16.20% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into GICRE's past performance.

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Is General Insurance Corporation of India's (NSE:GICRE) PE Ratio A Signal To Buy For Investors?

General Insurance Corporation of India (NSE:GICRE) is trading with a trailing P/E of 18.4x, which is lower than the industry average of 37.4x. … While GICRE might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for General Insurance of India

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What Are Analysts Saying About General Insurance Corporation of India's (NSE:GICRE) Future?

In March 2018, General Insurance Corporation of India (NSE:GICRE) released its most recent earnings update. … analyst consensus outlook appear cautiously optimistic, … the past 5-year average growth rate of 5.80%

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Company Info

Description

General Insurance Corporation of India provides reinsurance services in India and internationally. It offers property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares, health, motor, life, oil and energy, and agriculture/weather; and marine hull, and cargo and offshore energy products. The company also provides reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East, and Africa. General Insurance Corporation of India was incorporated in 1972 and is headquartered in Mumbai, India.

Details
Name: General Insurance Corporation of India
GICRE
Exchange: NSEI
Founded: 1972
₹431,670,120,000
1,754,400,000
Website: http://www.gicofindia.com
Address: General Insurance Corporation of India
Suraksha,
170 Jamshedji Tata Road,
Mumbai,
Maharashtra, 400020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540755 Equity Shares Mumbai Stock Exchange IN INR 25. Oct 2017
NSEI GICRE Equity Shares National Stock Exchange of India IN INR 25. Oct 2017
Number of employees
Current staff
Staff numbers
555
General Insurance of India employees.
Industry
Reinsurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:56
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2018/08/03
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.