GIC Re
 | DATE OF CREATION: 1972, Mumbai, India |
| CLASS OF BUSINESS: Life and non life | |
| UNDERWRITING ZONE: Worldwide | |
| REGIONAL STRUCTURES: 3 subsidiaries in South Africa, London and Moscow 3 branches in Dubai, Labuan and London 1 representative office in Brazil |
GIC Re : contact
| Contact: "Suraksha",170, Jamshedji Tata Road, Churchgate, Mumbai - 400 020, India |
| Tel: +91 22 2286 7000 |
| Email: info [at] gicofindia [dot] com |
| Website: www.gicre.in |
GIC Re : rating
| Agency | Rating | Outlook |
| A.M Best | B++ | Stable |
GIC Re : main indicators
in thousands USD| 31/03/2021 | 31/03/2022 | |
| Turnover | 6 428 000 | 5 700 000 |
| Shareholder’s equity | 13 520 000 | 14 046 000 |
| Net result | 270 000 | 265 000 |
GIC Re : turnover as at 31/03/2022 by class of business
in thousands USD| Premiums | In % | |
| Fire | 1 708 290 | 29.97% |
| Motor | 1 285 350 | 22.55% |
| Agricultural risks | 1 043 670 | 18.31% |
| Health | 595 650 | 10.45% |
| Marine | 250 800 | 4.40% |
| Engineering | 185 820 | 3.26% |
| Aviation | 129 960 | 2.28% |
| Miscellaneous risks (1) | 308 940 | 5.42% |
| Total non life | 5 508 480 | 96.64% |
| Life | 191 520 | 3.36% |
| Total | 5 700 000 | 100% |
(1) Including and workmen's compensation, personal accident, TPL and credit
GIC Re : capital and shareholding
| Shareholders | In % |
| State of India | 85.78% |
| Institutional investors | 14.22% |
GIC Re : technical ratios
| 31/03/2021 | 31/03/2022 | |
| Net loss ratio | 92.40% | 93.21% |
| Net management expenses ratio | 19.63% | 18.87% |
| Net combined ratio | 112.03% | 112.08% |
GIC Re : management
| Shri Devesh Srivastava | Chairman and managing director |
| Jayashree Ranade | Chief financial officer |
| Rajesh Khadatare | Chief marketing officer (KMP) |
| Jayashri Balkrishna | Enterprise risk management, actuarial & data analytics |
| Balkrishna Variar | Chief underwriting officer |
| Radhika Ravishekar | Chief investment |
Exchange rate as at 31/03/2021: 1 INR = 0.01363 USD ; 31/03/2022: 1 INR = 0.01322 USD
Source: GIC Re
