Total Networth

20,680.95 Cr.

Owned by the Ministry of Finance under the government of India, the General Insurance Corporation (abbreviated to GIC Re) was the only general insurance reinsurer in the country till 2016. Thereafter, the Indian insurance market opened up to foreign reinsurance players. Today, the GIC Re is listed on the NSE and the BSE, and in addition to this, it also has an impressive institutional investor portfolio. Stocks belonging to ITC Limited, Larsen & Toubro Limited, Bosch Limited, CRISIL Ltd., and Tata Power Limited contribute to most of the value of the GIC portfolio as of February 2024. From a macro perspective, General Insurance Corporation of India has a portfolio net worth of around Rs. 20,000 crores, comprising 30+ stocks from sectors like food, beverages & tobacco, cement & construction FMCG and automobiles & auto components.