General Insurance Corporation Of IndiaNSE: GICRE

Outcome of Board meeting held on 3rd February 2025 (File Size - 7.53 MB)

· Issued by General Insurance Corporation of India

Ref. No.: GIC-HO/BOARD/SE-Q3-OBM/274/2024-25

Date: 03rd February 2025

To,

Corporate Service Department

Listing Department

BSE Limited

The National Stock Exchange of India Ltd.

25th Floor, Phiroze Jeejeebhoy Towers

Exchange Plaza, Plot no. C/1, G Block,

Dalal Street

Bandra Kurla Complex, Bandra (E)

Mumbai 400 001

Mumbai 400 051

Ref.: Scrip Code: (BSE - 540755; NSE - GICRE)

Sub: Outcome of Board Meeting held on 03rd February 2025

Dear Sir/Madam,

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable requirements, we forward herewith a copy of the unaudited financial results (Standalone and Consolidated) for the quarter and nine months ended 31st December 2024, together with the Auditors' Limited Review Report approved by the Board of Directors at its meeting held today.

The same will also be available on the website of the Corporation at www.gicre.in.

The Board meeting commenced at 3:15 p.m. and concluded at 5:30 p.m.

Yours faithfully

For General Insurance Corporation of India

Suresh

Kanubhai

Savaliya

Digitally signed by Suresh Kanubhai Savaliya

Date: 2025.02.03 19:52:49 +05'30'

Suresh Savaliya

Company Secretary &

Compliance Officer

Encl.: As above

SHBA&COLLP

SA RA &Associates

(Formerly Bathiya & Associates LLP)

Chartered Accountants

Chartered Accountants

202, May Building, 297/299/301,

912, Solaris One,

Princess Street, Near Marine Lines Flyover,

N. S. Phadke Road,

Marine Lines, Mumbai - 400 002

Andheri East, Mumbai - 400 069.

Independent Auditor's Limited Review Report on Quarter and Nine Months ended Unaudited Standalone Financial Results of General Insurance Corporation of India pursuant to Regulation 33 ofthe SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 as amended read with IRDA Circular No.: IRDA/F & A/CIA/ LFTD/027/01/2017 dated January 30, 2017

To,

The Board ofDirectors,

General Insurance Corporation of India

1. We havereviewed the accompanying statement ofunaudited standalone financial results ofGeneral Insurance Corporation of India ('Corporation') for the Quarter and Nine Months ended December 31, 2024 ('the statement'), being submitted by the Corporation pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('the Regulations'), read with IRDA Circular No. IRDA/F&A/CIA/LFTD/027/01/2017 dated January 30, 2017 ('the Circular'). This Statement which is the responsibility of the Corporation's Management has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard 25 " Interim Financial Reporting" ("AS 25"), prescribed under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued thereunder, accounting and presentation principles as prescribed in the relevant provisions ofthe Insurance Act, 1938 (the "Insurance Act"), the Insurance Regulatory and Development Authority Act, 1999 (the "IRDA Act") and Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024; orders/directions/circulars issued by the Insurance Regulatory and Development Authority of India ("IRDAI"/ "the Authority") to the extent applicable and other recognized accounting practices and policies and approved by the Board ofDirectors ofthe Corporation. Our responsibility is to issue a review report on the Statement based on our review.

  1. We conducted our review ofthe Statementin accordance with the Standard on Review Engagements (SRE) 2410 "Review oflnterim Financial Information Performed by the Independent Auditor ofthe Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Corporation personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. In the conduct of our review, we have not covered foreign and Indian branches.
  2. Based on our review conducted as above and based on the consideration of the review report of another auditor referred to in paragraph Sa. ofother matters ofthis report, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited Standalone Financial Results prepared in accordance with the Accounting Standard 25, "Interim Financial Reporting" prescribed under Section 133 ofthe Companies Act, 2013 as amended read with relevant rules issued thereunder, accounting and presentation principles as prescribed in the relevant provisions of the Insurance Act, the IRDA Act and the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024;

orders / directions / circulars issued by the IRDAI to the extent applicable and other recognized

accounting practices and policies, has not disclosed the information required to be disclosed in terms

Q;;.

•

0,

ofRegulation 33 ofthe Regulations including the man£:�r i�

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·t is to be disclosed, or that it

contains any material misstatement.

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SHBA&COLLP

SA RA&Associates

(Formerly Bathiya & Associates LLP)

Chartered Accountants

Chartered Accountants

202, May Building, 297/299/301,

912, Solaris One,

Princess Street, Near Marine Lines Flyover,

N. S. Phadke Road,

Marine Lines, Mumbai - 400 002

Andheri East, Mumbai - 400 069.

  1. Emphasis ofMatter
    1. We draw attention to Note No. 4 to the Standalone Financial Results regarding, balances due to / from and the deposits kept with other persons / bodies carrying on Insurance business including reinsurance businesses are under process ofreconciliation, and as stated in the note the consequential impact (ifany) will be accounted for after its reconciliation.
    2. We draw attention to Note No. 9 to the Standalone Financial Results regarding the basis of non-creation of Catastrophe Reserve during the current quarter due to uncertainties as mentioned in the aforesaid note.
      Our conclusion is not modified in respect ofthe above matters.
  3. Other Matters
    1. We did not review the interim financial information of one foreign branch included in the Standalone Financial Results, whose unaudited financial information reflect total Premium earned (Net) (before eliminations) ofRs. 11,036 Lakhs and Rs. 50,661 Lakhs for the quarter andNine Months ended December 31, 2024 respectively, Total Assets (before eliminations) ofRs. 3,93,647 Lakhs, as at December 31, 2024 as considered in the unaudited Standalone Financial Results. These interim financial information have been reviewed by another auditor whose report has been furnished to us and our conclusion on the Standalone Financial Results, in so far as it relates to the amounts and disclosures included in respect of this foreign branch is based solely on the report ofanother auditor.
    2. We or the branch auditors did not review the interim financial information of One Indian Branch and Two foreign branches (including one run offbranch) included in this Standalone Financial Results whose financial results reflects total Premiums earned (Net) (before eliminations) ofRs. 48,866 Lakhs and Rs. 1,18,894 Lakhs for the quarter and nine months ended December 31, 2024 respectively, Total Assets (before eliminations) ofRs. 5,16,167 Lakhs, as at December 31, 2024 as considered in the Standalone Financial Results. According to the information and explanations given to us by the Management, these interim financial information are not material to the Corporation.
    3. Three branches are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and the Corporation's management has converted the interim financial information of such branches located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Corporation's management.

Our conclusion in so far as it relates to the balances and affairs of such foreign branches located outside India is based on the report of another auditor I management certified accounts and the material conversion adjustments re ared by the management of the

Corporation rev·

by us.

Page I 2

SA RA &Associates
Chartered Accountants
202, May Building, 297/299/301, Princess Street, Near Marine Lines Flyover, Marine Lines, Mumbai - 400 002

SHBA&COLLP

(Formerly Bathiya & Associates LLP)

Chartered Accountants

912, Solaris One,

N. S. Phadke Road,

Andheri East, Mumbai - 400 069.

  1. The actuarial valuation ofliabilities in respect of Incurred But Not Reported (the "IBNR") including Incurred but not Enough Reported (the "IBNER"), Premium Deficiency Reserve (the "PDR") and Technical Reserves (the "TR") is the responsibility of the Corporation's Appointed Actuaries (the "Appointed Actuaries"). The actuarial valuation of these liabilities, that are estimated using statistical methods, as at December 31, 2024 has been duly certified by the Appointed Actuaries and in their opinion, the assumptions considered by them for such valuations are in accordance with the guidelines and norms issued by the IRDAI and the Institute of Actuaries of India in concurrence with the IRDAI. We have relied upon the Appointed Actuaries' Certificates in this regard for forming our conclusion on the valuation ofliabilities for outstanding claims reserves, the PDR and TR contained in the Standalone Financial Results ofthe Corporation.
  2. The Standalone Financial Results ofthe Corporation for the corresponding quarter and nine months ended December 31, 2023, were reviewed by KA S G & Co. and Mehra Goel & Co. (Joint Auditors) whose report dated February 07,

2024, expressed an unmodified conclusion on those financial results.

The Standalone Financial Result ofthe Corporation for the year endedMarch 31, 2024 were audited by KA S G & Co. and Mehra Goel & Co. (Joint Auditors) whose report dated May 28, 2024 expressed unmodified opinion on the Standalone Financial Results.

Our conclusion is not modified in respect ofthese matters.

For SHBA & Co LLP

For SA RA &Associates

(Formerly Bathiya&Associates LLP)

CharteredAccountants

CharteredAccountants

Firm Regn No. 120927W

Firm Regn No. 101046W / W100063

J:JM ;).;;, If: �

Membership No. 119509

�

(/)

Manoj Agarwal

JatinA. Thakkar

Partner

Partner

Place: Mumbai

Membership No. 134767

Place: Mumbai

Date: 3rd February 2025

Date: 3rd February 2025

u»IN: �s1,q503 B rt)ft'j. 'IV 50g, l

UDIN: 15:L.b'-t =E-6--+-it--tlB'T9 :LeaO:L

Page I 3

a

Annexure-1

20

15 read with IRDAI Circular

[Pursuant to the Regul

tion 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulalions,

reference:

dated 3

.01.2017]

2

4

Reviewed

IRDA/F&NCIR/LFTD/027/01/201

02

Statement of Standalone Financial

Results for the

Quarter and Nine Months Ended 31st December

-

-

--- -- (i3s__!11_Lakhs except EPS)

7

0

,

l

3

Year to date

I

Year to �ate

1 •

I

Months ended /As at

for the curr

nt

for previous

I, Year ended/As

I

At

S

Particulars

period ended

peri

d ended

I

I

o

I.

-

No.

1------.----

-

�-----1-- ·--- +----

-J------1

II

(31,1212024)

I (30/0

/2024)

(31/12/2023)

(31/12/2024)

(31/12/2023)

(31/03/2024)

9

Reviewed

Reviewed

Reviewed

Reviewed

Reviewed

Audited

OPERA TING RESULTS

1

:Net Pr

mium Written

2-

,96.771

8,41,34

8,77,8

6

30,78,687

28.4

,811

37,18 176

!Gross Premiums Written:

8,5

3

,950

----

-

-i

3

1Pr�mium

�amad

�

tl_ ----+--

84 70

75 8 8

45 01

8 5

.

e

1

-

-i-

s:2sToa

7 60376

-·

85 335

a.42.330

.- -

05 133

!_3,57,607

4

1lncome from investments (net)

-

-

1,7

,293

8.

,

4

7,

27,

,

1

26,34,

I

2,44,1631

,42,51

6,

,372

6,6

,42

8,08,415

2

,---

·----

9

9

2

-�-------- -----1

5

Other Income-

Foreign exch

ange

23,689� (10,876

)

5,B29T

•

10,973

. I

1

1,497

_

9,677

.

Gain/( LossL

--

r'

2

0

I

2

7

06

7

9

6

jTota�

i!JCOm�

(3+4+5} .. ..

··

10�47,932

)

11,17,991.1

••

10�.24�175

33,62,355

33,13,822-

41:-?s

.98

i

5

23

-:,

77

,49,368

-

1,26� 42. -·

-

4,75�---624/475

7

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1,77�

46, 3

0-

181 J

1_���9

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1� -

5,46,

4i5,605

. ____��-4,675

,Commissions&Brokera•e1ner

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<

• - -

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--······ ��8;�--.

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and!

3,982

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�06 - 13,980

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(a):welfare expenses

I

,

4,476

2.9 7 1

4,452

1 ,

9

-

13,708- ---18,646 1

(b�Othe-;-ope�aling expe�;;·

1

2

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::::'Change�:::;;in Outstanding�

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1 0

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57

3481

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Claims!

57

835

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3 41 80

1 19 154

260

5 23 587

4 30

302

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9,35',�7��r

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(4,57,663)

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37,00

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from i

vestments

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7

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I

172

Annexure-1

2

5

read with IRDAI Circular

[Pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201

reference :

IRDA/F&A/ClR/LFTD/027101/-------017 dated 30.01 .2017]

Reviewed Statement of Standalone Financial Resultsforthe Quarterand Nine Months Ended 31st December2024

J--

----------

·1

·

Y

(Rs. in Lakhs except EPS)

ear

-t

Year to d

ate

[r

��a�

ended/J

3 Months ended /As at

for the current

for previous

!Yea

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er

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ended

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Reviewed

Reviewed

Audited

�vie�d .

Re:i�6wed

I

�eview�d-

(31/12120231

{31/03/2024J

-7Provisions ford

ubtful debts -

-

{31112120241

(3010912024)

(3111212023)

p(3111 2120241

p

1,403

I__

o

(7,1

1

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3

72

4,718

in

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2E__iincludino bap�_written

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Provisions for diminution in value�--

of :

7

7

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.

- -

-

5

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r::::;:� in�:�!��-

1

,1

2

3

2

22

Total Ex ense(1

+20+21)

j

(

,

4

9}

_

_3

7 !

1

3,

34

__ _

_0

,73

+-

3, 36 ,,!

_

p

--

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-

_

-

I

lProfit I (Loss

}

b fore

I----

[

23

2,16 ,8

9

4

1

-

382

L

-

4

--�-----<

extraordlna

items

{18-22

1,92,

,8

24

Extraordi� Items

9

8

8

8

-

,..__

-

1

_

-�

2

586

I

1 32 450

176

I

2� Profit/(loss)

before tax (2�� I

2,

1-6,8-69__

,

__2,.28-0,.v1v3-18u3-

1,9-2-,3

?

!

5,84,298

I.

-

����i

7,87,793

26

!Provision fortax

5

0,

-

,

,

85,

1,38,062

------<:!_�L_

:-:-::::::,

-4

, 27

Profit I (loss} after tax

1 62 13s

1 8

016 l

-

51 796 ,

3

85 482

649730

26

Dividend per share.@!!_,)

II

4

1r

itw

·

-

1

I

I

-

-

-----<-- ----

-

.

-

-

.

I

-

(a)

lnterim Dividend

1

- L

6

-

6 6

7

I

i

Final dividend

...._

7.20

(b)

I

--

!Profit / (Los

s) carried to Balance

- -

- -

-

- -rt -- ---117,720 ·1

_29 ��et_

,62,135 1

10,

3

1,5

796

20,08,5

4

14,

7,918

ao 46

--- -

-

i

7

66

-

'

-

66

-

l

- -- --

I

30 jPaid upeq

u�caeital

_ _____

____

81,120 I

87,720

· -

a1,120 1

87,720

-

87,720

--·-··•-

-

17,32,166

!

iReserve &

Surplus

(Excluding

-

D

1

i

39,70,41

5

40,96,833

i

34,

,124

I

31. .

3 �

!

3

!

-���1!,!atlon

Reserval

40 96,

33

1

34, ,724 1

·

-

· ---

,

•-·----·

I

-

Fair Value Change Accou

n

t and

45

5,82

.

I

51,43,638

42,59,

00 I

45.05

82,

I

42,59,soo

43,74,847 I

32

Revaluation

Reserv!

2

5 .

--

33

Total Assets:

I

6

8

66

--

-

1,39,54,092 I

1,43,30,528

1, �-����

1,39,

4,0

2

1,28,09,862

1,31,42,469

(a�

stments:

-544,10,9018

I

37,85,3

6

9

i-1

- Shareholders' Fund

544,35,2308 5

44,79,97187

37,85,3

40,62,121

:

- Polic

yholders' Fund

04,14,1

5

98,95,299

90,24,496

94,74,105

I

90,24,496

90,80,348

I

I

__

Assets (Net

of current

(

2,63,71

)

(

1,2

,7

4)1

--

(52:�,

)1_

(49,95,918)

48,

Other

(49,95,918)

(b) liabllites and provisi

o

ns)

-

�-·-

(

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, _ ........ , ,

0

·--- -

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--

I

Page2 of3

Annexure-1

[Pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 read with IRDAI Circular

reference :

IRDA/F&A/CIR/LFTD/027/01/2017 dated 30.01 .2017]

in Lakhs except EPSJ

Reviewed Statement of Standalone Financial

Results for the

Quarter and Nine Months Ended 31st December 2024

(Rs.

Year to date

Year to date

Year ended/As

3 Months ended /As at

for the curr nt

for previous

SI.

Particulars

period ended

period ended

At

No.

(31/12/2024)

(30/09/2024)

(31/12/2023)

(31/12/2024)

(31/12/2023)

(31/03/2024)

Reviewed

Reviewed

Reviewed

Reviewed

Audited

4:

Reviewed

5

(i)

Solvency Ratio

Management

3.52

3.42

2.94

3.52

2.94

3.25

txpenses

or

Analytical Ratios

1 .31

0.82

(ii)

Ratio 6

0.91

0.76

1 .06

1.16

(iii)

Incurred Claim Ratio

87.83

93.65

103.09

90.42

98.67

92.27

(iv)

Net retention ratio

93. 1 1

90.38

89.46

92.32

91 .54

91.32

(v)

Combined ratio:

1 07.83

1 1 4.05

120.47

1 10.46

1 1 7.99

111.82

(vi)

Adjusted Combined Ratio 7

89.48

81 . 94

89.59

89. 12

92.37

88.02

(vii)

Earning per share (Rs.)

(a) Basic and diluated EPS

before extraordinary items (net

9.24

10.61

8.65

25.76

21 .97

37.03

of tax expense) not annualiz:ed

for the periods.

(b} Basic

and

diluted

EPS

after extraordinary items

(net

9.24

10.61

8.65

25.76

21 .97

37.03

of tax expense) not annualized

for the periods.

(viii)

NPA ratios:

a) Gross NPAs

1 .81

1 .83

2.01

1 .81

2.01

1.93

b) Net NPAs

0.00

0.00

0.00

-

0.00

0.00

(ix)

Yield on Investments

I(a) Without unrealized gains

9.07

12.90

1 1 .99

1 0.60

1 1 . 77

11.58

8.34

7.33

l(b) With unrealised gains

6. 15

8.63

8.33

8.20

(x)

Public shareholding

al No. of shares (in lakhs)

3,088

3,088

2,494

3,088

2,494

2,494

bl Percentage of shareholding

1 7.60%

17.60%

14.22%

17.60%

14.22%

14.22%

c} % of Government holding

82.40%

82.40%

85.78%

82.40%

85.78%

85.78%

(in case of public sector

insurance companies)

oot Notes:

Premium is net of reinsurance .

  • Investment Income including profiUloss on sale of investments ,net of investment expenses.
    3 Commission is net of commission received on reinsurance .
    4 Analytical ratios are calculated as per definiton given in IRDAI analytical ratios disclosures 5 Solvency ratio has been worked out as on the last day of the period.
    6 Expenses of management ratio is calculated on the basis of Net premium.

Adjusted Combined ratio is calculated as " Combined Ratio less the ratio of Policyholder's share of investment income to Net

  • Written premium.

Page 3 of3

--- -- - - - - -

Annexure-11

--- -- - -

r

[Pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read

with IRDAI Circular reference ;

IRDA/F&A/CIR/LFTO/027/01I2017 dated 30.01,2017)

SI.

Reviewed Sagment 1'1 Reporting (Standalone} forthe Quarter and Nine Months Ended 31st December, 2024

Particulars

[ _ -;�� ended/A�s at_

_-+-

Rs. in Lakhs

Year e::ed/As

No.

vear_to date ended/ As at

__

_

_

� 1

I

mentIncome:..

! (31112/202

4) l (30/09/20��-1(31/1212023)

(31/12/2024) l (31/12/2023)

!(31/03/2024)

1

5 2

2

5

Rovlowed

25

0

R�i�-�e� . •-· ��Jew� Reviewed

Reviewed

L_�lted

6

6

.

05

801

85

,287

2,28.'..,068

11,

8,834

_?,

1 --

8,

,965

__

3, 4, 3

_

2,,

:_S l-

2.��.

05

--��

��-

5

07

9

!

2,

39

,241

2,97,B05

�===----<,__

....c

-4---

8,295

(4,2

5)

1 ,557

I

3,483

4,105

3,388

I(11 ¥oto_r

I

.

5

1

1

0

1

2

8

Uiiii'

et Rremium

.

,,0,0

0

,4

4

.s2,Jss

,1

4

l-

rN""""-'--'m-'""'"'aaa�

55

f

5

0

0

0

8

37,6

.

,83774

1 ,39,661

1,71

455

2,

2,69

·Jnvasl ants

2

__

5 ,925

6

1

.

-1

-� (2-, -10-)

,3

I

2,6

2.458

B_J___ �

9

2

7

,

----9.6

1

1

; .

-

1

3

,

245

1_

26,995j

29,6

12

--4

2,2

0

1

-- -

,

0

""'"'���� -

J

468

8 0

,

I

3,636 r

_

)J. ___ 5! .�4

.

15,025

16,672

4(,31

5

.

.

. _1�9999 •

-;

-

__

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4

24

---

�l --

353

.�l �B1J !nn'!_rln!I

,

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---··2s.955

I

44,572

1,20,

925

•

1.11,6B9

1.5

0,216

mium

!,

_!_]

.=

Net Pre

2

2

12,832

9 67

2

9

6

1

21

41,953

---'

__ __

.---'-----1>'-

__:.

4)i

1

,277

61

3 I

33,531

;,

!1£ivestments

1 ,263

j

_

(5

67

__ Ec:

495

iother lncome

i

5

6

1

1

--

r41 w.c··-

--r

Premium

I

630-

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--

61

7 r

4

9

Ne/

r

-

1

53

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2,120

+

2, 64

4,413'-l

----

0 1-

2

-

!_ ;9

3 - -----l'c.19..

-+--

..,:.

:.:

Investments

350 L

3

-

426

8

-

-

2

7

1 22

(Other�l.'=1i!!YJ!.tyIncome

3-I--

-

(14) �--- - 10 l

18 +, -

--'----1-9+-----'-=41

.,N:oe:.f:..:R....:re..:"-m'-'Clu,,,m:..:

••...i__18',543-11-__

1

4,997

-·-?.1·

49,255

32,945

52,102

9,

4,. ....----'-

i!461

1

2,

6

9

7

13,469

71 1

5,

179

/nvestfT?f!n_ts�-•----+

3,

4,

17,015

502

(22

242

216

,____

201

Other ,;;;,;e

...,

I -··-

-1

945

,..____

57)

1104

-68 1.I ____________...,__

2

_

4

,,

159

2

946

3

75579

4

,

95

33,594

41,3665

, nv�..e t..P...rem__m,�·u�m�

,__

1__ _17,3,

7_

,

N e

en

__

-4--

_

2

_

0

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8,540

9, 40

.f.B)'--PersonalAcr;jden...t

2,

f.'-l "- '"'s"'t-;;;:::.:.ls::"--

. ___2B1

(123.:)...-1--

66

t

?_.�14 ,

_

.....::.:c:138...:..-1--

114

O!herf[Jc_qme .

m m

2,

14,773

9

44

4

92

15

r

µ.N.:,:9:..l:,_.P:, ;re.::c:.;.:::iU:,:.;;___�---'

'--'

175

-'---'-

c..:;:;

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[!} Health

2

.

17, .

�

_j

17,

__ �.

.,:l___

7

Investments

�.

4 .,311::..::'-'---J__----59,987'.;,.:.:..::.:...J

,

2

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9

8

'-"-__

39

1

1 ,015

759

708

Other Income

57____,(_

0

)

_

•-l(B)"Ne=t=P_�_grfcul!!!J8�re=m�i=um�...

.

!_

I.

__

_

�

___,__2.c, .

8.c. io

l

2

=

---

1---·---����·· ...

__

..,

5

,

961

9

,9

2

•

1

,81

6

,

46,670

!

2,91,203

-----3,43,4

3

ilnvestmenls

23,663

24,284

57,451

i

42

,2

5

049

537

1,

79

63,745 I

73 472

-����--

··------�---

�- � --·------ ·-··

1

- - •

1.023 j _

.a61....J

8

[om,�

,

Income

(1 ,

)

0

I

Page I of4

Annexiire::jl --·

e Requirements) Regulations, 2015 read

(Pursuant to the Regulation 33 of SEBI (Listing Obligations and

with IRDAI Circular referenceDlsc:losur

IRDA/F&A/CIR/LFTD/027/01/2017

ated 30.01.2017)

ember, 2024

Reviewed Segment< > Reporting (Standalone) forthe Quarter and Nina Monlhs

nded 31st De

Particulars-1

L

7 -

E

c

SI.

IRs. in Lakhs)

Year e:�ed/As

'

I

�e�� ;� �te ended/ As at

No.

3 Months ended/A����-

- - - 1I

- -- I

I (31/12/2024)

(30/09/2024)

(31/12/2023)�/12/2024)

1

(31/12/2023}

(31/03/2024)

1

...' .

-

1

2

66 050

5 520

19/ OtherMlscl/eanous

2 ,284

29,017 ,

31,340 r

74,465

Net Premium

-··-·

71,899

Reviewed

-

Reviewed

--!

Reviewed

---- ------

Reviewed • •

Reviewed

.

3,315

5,381 I

4,571

12,133

13,549

183

477

---- --

-

- -···

228

-

_

217

--

Other /nr;ome

- -�-

--�- -

f10J FUCredit

-

ss

_ •

1_!.____

_

13

- -

-6,218

10 890

�

��.ooe r

-

11.896

19,108

_

-,--

i 1

3 980

J!2v�If!' '!I�

1,355

,893

5,700

,

8,289

9,845

�t Prem{ullJ

!

_

2

.__

-L1�l-

-

-

••

1

0

3

116

"""""--'-'-'= '-'-'-'----

�-,�-

2 .I _____ja

/C) arj ne

_

;

'_L1l_Marlne

Cargo

1

__

-

_

9,

19

9,518 �

1 _

30,071

·r

1,12,1

49 I

94,205

-

-37,

105

iNetPremium

1,

47

-5,-323 !

8,744

I

1·1,150

18,952

20,8 1

-

--

479635

. _____(:233742.,)_

927 i--

-30

-

24S

l,nvestments

2

-----i

7

111

I

200-i-

-

OtherIncome

.;

-l--

..:..

:....14.:..;'-I

1(2)

Marine Hull

-

_

19,594

24,734

7741•

iNetPromium

39,

56

34 6....6c 1�, ---45,

1

fInvestments

2

5,214

-

8,053

___

22,366

--

7,5 0

___j

2,

-

-

17,(354).

10,

175

368

'

59

292

Other Income

_

_

.....j

D

Ljf!._

17,112

Net Premium

'

_ ..

1,59,088

Investments

=�= ---j- ---1

-

-,- ----_ - 11 -------

i. ----

�

l -

. I

ersona Accident ___

7-Health

_

_

_

_

___ _ .,

__ '

8-A, rir;ulture_

�

I _ : F

--

Pagc2 of4

I. l

I

I

Annexure-11

[Pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read

with IRDAI Circularreference :

Reviewed Segment

111

IRDA/F&A/CIR/LFTD/027/01/2017 dated 30.01.2017]

31st Dacember, 2024

:�

Reporting (Standalone) for the Quarterand Nine Months Ended

�

Rs. In Lakhsl

·

--

lculars

.

.

3 Months ended/As at

,

Year to date

en�edl As at

-

ve;;r e

ed/As

2

1

.

i (31112/ 024)--

;�1212023)

! (31/12/2024)

l

�;�,:�/20;�;

, �3�/��-,:0�4}

I.

-· - ----- -

-�-·

•

J

::

(30/0912024)

3

Segment Underwriting

6

8

I

4

f

i

-

Reviewed

�

-- --

- -Reviewed-

-

evlewed

--

Audited

profit/ (LOH):

-

I

Reviewed

·-

-

-�4!!

I

_(31,

- --

_ �,_ooa1

I

-

;

A-Fire

7)

-

- ( 2,

)

, 2

4

)

23,587

(19,195)

�

�

,I

B-Misce//aneous

t-

2

t

-- 8

1-Motor

1,645

(36,

164)

�1.

4s1

1

(

3.41 9) !

(1,29,6

0

0)

(91,2n1<-Il

6

6

t

2

1vietion

(1 1,574)

4,440

�

_(1

,504[ . .)

. __,(10,21

7) 1

(19,

80) i___,[7,675)

(3,38

)

1 ,

15

I

..:

..;

"-'

...:;

�-/ff.!)J1�ne!!r:l!!S1.

6

(1,450) -, -

4

4-Workmen

-(4,

93

-

94

L

019

( .

167

(213)

3

706

Comf!_

nsalion

-

7

9

4

313

- -' z . m " ·

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I

1

21�49 I

6

3

3

9

F

8

.

6

(3

97)

_-

2

,

06;t

1,84

,

5

(1.411)

,712

6-Personal Accident

-

e

--

--.

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fZ-Health

_

_ _ _ _

I

(1(

1,616)

1

(2

,85

)

(6

,7 5) I

(55,6

5)

(64,5 2)

-,s-. -56-�

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2,18

i

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)

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(12,536)

(10,484)

)

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5

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,

,

)

c _2ia7_5)2

£.5�-�

(2,

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, 1-Marine Can.<>

[<

1

a

��.534sJ�-

1

7

9

09

220

2

572

l _ _ _

56

00

284

533

(33,

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,

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(20,

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1 0.29a

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295

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5,730-j

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9

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1,�63

4,603

25,

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7,129

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Pago 3 of4

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