+91 9704 999 899

training@madoverinsurance.com

Gutenberg IT Park, Kondapur, Hyd-84

TIME TO BUY GIC RE SHARE?

April 5, 2024

Let’s consider the below news

March 13, 2024

The Insurance Information Bureau is

December 18, 2024

The true underwriting performance of

March 7, 2024

A risk has been covered

January 6, 2025

I made a statement in

November 12, 2024

In a Laghu Insurance Policy,

General

TIME TO BUY GIC RE SHARE?

Share to

IMPACT OF FIRE RATE INCREASES ON GIC RE PERFORMANCE

GIC RE Domestic fire earned premium in 2018-19 was INR 22150 million. This increased to INR 31910 million in 2019-20. The increase is 44%. In the year 2020-21, it further increased to INR 47130 million, an increase of 48%.

For the years 2021-22, 2022-23 and 2023-24 the domestic earned premiums were INR 50280 million, INR 51490 million and INR 54900 million respectively. The premium increases as a percentage were 7%, 2% and 7% respectively.

In 2018-19, the domestic fire loss ratio was 94%. In 2019-20 the loss ratio improved to 79% which further improved to 65% in 2020-21.

The fire loss ratios for 2021-22, 2022-23 and 2023-24 were respectively 69%, 66% and 95%.

So, with the latest rate increases, we can expect a dramatic improvement in the topline and bottom-line of GIC RE.

Is it time to buy GIC RE stock? In the last two months, share price already increased by 25% despite the fact that the index had a negative bias in these two months.

Market discounts the future. It has better idea about the future happenings than those of us in the industry.

0
    0
    Your Cart
    Your cart is emptyReturn to Shop