General Insurance Corporation of India (GICRE) - Net Assets
Based on the latest financial reports, General Insurance Corporation of India (GICRE) has net assets worth Rs593.01 Billion INR (≈ $6.41 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.06 Trillion ≈ $22.25 Billion USD) and total liabilities (Rs1.46 Trillion ≈ $15.84 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GICRE tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs593.01 Billion |
| % of Total Assets | 28.82% |
| Annual Growth Rate | 13.02% |
| 5-Year Change | 64.69% |
| 10-Year Change | 96.24% |
| Growth Volatility | 19.94 |
General Insurance Corporation of India - Net Assets Trend (2014–2026)
This chart illustrates how General Insurance Corporation of India's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of General Insurance Corporation of India to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for General Insurance Corporation of India (2014–2026)
The table below shows the annual net assets of General Insurance Corporation of India from 2014 to 2026. For live valuation and market cap data, see GICRE market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs593.01 Billion ≈ $6.41 Billion |
+21.87% |
| 2025-03-31 | Rs486.61 Billion ≈ $5.26 Billion |
-11.94% |
| 2024-03-31 | Rs552.57 Billion ≈ $5.98 Billion |
+22.29% |
| 2023-03-31 | Rs451.85 Billion ≈ $4.89 Billion |
+25.49% |
| 2022-03-31 | Rs360.08 Billion ≈ $3.89 Billion |
+10.92% |
| 2021-03-31 | Rs324.63 Billion ≈ $3.51 Billion |
+19.37% |
| 2020-03-31 | Rs271.95 Billion ≈ $2.94 Billion |
-19.76% |
| 2019-03-31 | Rs338.94 Billion ≈ $3.67 Billion |
+3.36% |
| 2018-03-31 | Rs327.93 Billion ≈ $3.55 Billion |
+8.52% |
| 2017-03-31 | Rs302.19 Billion ≈ $3.27 Billion |
+64.07% |
| 2016-03-31 | Rs184.18 Billion ≈ $1.99 Billion |
+14.94% |
| 2015-03-31 | Rs160.24 Billion ≈ $1.73 Billion |
+17.36% |
| 2014-03-31 | Rs136.54 Billion ≈ $1.48 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to General Insurance Corporation of India's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs8.77 Billion | 1.48% |
| Other Components | Rs584.19 Billion | 98.52% |
| Total Equity | Rs592.96 Billion | 100.00% |
General Insurance Corporation of India Competitors by Market Cap
The table below lists competitors of General Insurance Corporation of India ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CarMax Inc
NYSE:KMX
|
$6.81 Billion |
|
SIGMASTAR TECH LTD
SHE:301536
|
$6.81 Billion |
|
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
|
$6.81 Billion |
|
Armstrong World Industries Inc
NYSE:AWI
|
$6.81 Billion |
|
UNO Minda Limited
NSE:UNOMINDA
|
$6.80 Billion |
|
ASX LTD UNSPONS.ADR 1
F:AUX1
|
$6.79 Billion |
|
Shanghai Fosun Pharmaceutical Group Co Ltd
SHG:600196
|
$6.77 Billion |
|
Eva Airways Corp
TW:2618
|
$6.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General Insurance Corporation of India's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 486,591,600,000 to 592,964,400,000, a change of 106,372,800,000 (21.9%).
- Net income of 96,623,700,000 contributed positively to equity growth.
- Dividend payments of 17,544,000,000 reduced retained earnings.
- Other factors increased equity by 27,293,100,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs96.62 Billion | +16.3% |
| Dividends Paid | Rs17.54 Billion | -2.96% |
| Other Changes | Rs27.29 Billion | +4.6% |
| Total Change | Rs- | 21.86% |
Book Value vs Market Value Analysis
This analysis compares General Insurance Corporation of India's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.61x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs77.83 | Rs358.40 | x |
| 2015-03-31 | Rs91.34 | Rs358.40 | x |
| 2016-03-31 | Rs104.98 | Rs358.40 | x |
| 2017-03-31 | Rs113.82 | Rs358.40 | x |
| 2018-03-31 | Rs189.00 | Rs358.40 | x |
| 2019-03-31 | Rs193.19 | Rs358.40 | x |
| 2020-03-31 | Rs155.01 | Rs358.40 | x |
| 2021-03-31 | Rs185.04 | Rs358.40 | x |
| 2022-03-31 | Rs205.24 | Rs358.40 | x |
| 2023-03-31 | Rs257.55 | Rs358.40 | x |
| 2024-03-31 | Rs239.03 | Rs358.40 | x |
| 2025-03-31 | Rs277.35 | Rs358.40 | x |
| 2026-03-31 | Rs338.02 | Rs358.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General Insurance Corporation of India utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.07%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 3.47x
- Recent ROE (16.30%) is above the historical average (12.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.82% | 14.06% | 0.27x | 4.69x | Rs10.68 Billion |
| 2015 | 18.04% | 16.34% | 0.24x | 4.68x | Rs12.89 Billion |
| 2016 | 15.33% | 14.42% | 0.26x | 4.13x | Rs9.82 Billion |
| 2017 | 18.39% | 11.75% | 0.32x | 4.87x | Rs16.75 Billion |
| 2018 | 9.59% | 7.23% | 0.39x | 3.43x | Rs-1.34 Billion |
| 2019 | 8.14% | 6.06% | 0.37x | 3.61x | Rs-6.32 Billion |
| 2020 | -0.69% | -0.36% | 0.43x | 4.43x | Rs-29.06 Billion |
| 2021 | 6.13% | 4.07% | 0.35x | 4.32x | Rs-12.55 Billion |
| 2022 | 6.63% | 4.63% | 0.34x | 4.22x | Rs-12.15 Billion |
| 2023 | 15.29% | 14.29% | 0.30x | 3.60x | Rs23.89 Billion |
| 2024 | 15.94% | 14.36% | 0.25x | 4.40x | Rs24.92 Billion |
| 2025 | 15.27% | 14.66% | 0.26x | 4.00x | Rs25.66 Billion |
| 2026 | 16.30% | 18.07% | 0.26x | 3.47x | Rs37.33 Billion |
Industry Comparison
This section compares General Insurance Corporation of India's net assets metrics with peer companies in the Insurance - Reinsurance industry.
No peer company data available for comparison.
About General Insurance Corporation of India
General Insurance Corporation of India provides reinsurance services in India and internationally. It offers property, energy, marine, engineering, liability, spares, health, agriculture/weather, motor and workmen compensation, aviation, life, marine hull, cargo and offshore energy, and miscellaneous products. The company was incorporated in 1972 and is headquartered in Mumbai, India.