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×

reliance general insurance company Limited

340.00
+ 0.00 %
Scrip Name
Reliance GIC
ISIN No.
INE124D01014
PAN No.
AABCR6747B
Face Value
10
No. of Outstanding Shares
251,805,370
Market Capitalization
8,561.38 Crore

RELIANCE GENERAL INSURANCE COMPANY LIMITED PRE IPO / UNLISTED SHARE 


Reliance General Insurance Company Limited is a public limited company and it is registered with the Registrar of Companies, Mumbai. Its authorized share capital is Rs. 3,000,000,000 and its paid-up capital is Rs. 2,518,053,630.

The Company obtained regulatory approval to undertake general insurance business on October 23, 2000, from the Insurance Regulatory and Development Authority of India ("IRDAI") and it is involved in the business of underwriting general insurance relating to fire, marine, and miscellaneous segments.

In travel, Reliance General Insurance provides plans for overseas trips such as Schengen, Asia, and the US. Travel plans tailored for students and senior citizens are also available.

Under the Commercial Line Portfolio insurance, such as fire, home, indemnity, public, marine, public liability, director’s & officer’s liability, plant & machinery.

The home insurance portfolio covers house contents against theft and damage.

As of March 31, 2021, Reliance General Insurance's distribution network is composed of over 129 branches with more than 52,595 intermediaries.

The Company’s Unsecured, Subordinated, Fully Paid-up, Redeemable, Non-Convertible Debentures (NCDs) are listed on the Bombay Stock Exchange (BSE).

INCORPORATION DETAILS


CIN

U66603MH2000PLC128300

Registration Date

August 17, 2000

Company Name

Reliance General Insurance Company Limited

Email Address

Rgicl.compsec@relianceada.com

Category/Sub-category of the Company

Public Company Limited by Shares/ Indian Non-Government Company

Registration Number

128300

Address of the Registered office & contact details

Reliance Centre, South Wing,

4 th Floor, Off Western Express Highway,

 Santacruz (East), Mumbai 400055

Tel. No. 022- 43031000

Company Secretary & Compliance Officer

Mohan Khandekar

Name, Address & contact details of the Registrar & Transfer Agent, if any

KFin Technologies Private Limited

Selenium, Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032, Tel : +91 40 6716 1500


PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES 

 

S.NO.

Name Of The Company

Category

%Of Shares Held

1.

Reliance Capital Limited

Holding Company

100%


BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Mr. Rahul Sarin

Independent Director

2.

Mr. P. K. Malhotra

Independent Director

3.

Mr. Rakesh Jain

Executive Director & CEO

4.

Mr. Anmol Ambani

Non-Executive Director

5.

Mr. Rajendra Chitale

Chairman (Independent Director)

6.

Dr. Thomas Mathew

Independent Director

7.

Mrs. Chhaya Virani

Independent Director

8.

Mr. Anil D. Ambani

Non-Executive Director

 

Principal Business Activities of the Company

Name & Description of main products/services

NIC Code of the Product /service

% to total turnover of the company

General Insurance

6512

100%

 

SHAREHOLDING PATTERN

(As on 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1

PROMOTERS

25,15,49,920

99.8986%

2

PUBLIC

2,55,450

0.1014%

 

Total

25,18,05,370

100.00%

INDUSTRY OUTLOOK

During FY2020-21, the Company has underwritten Gross Written Premium of Rs. 8,405.40 crore as against Rs. 7,513.97 crore in FY2019-20 an increase of 12%.


The main focus during the year was to improve the profitability of the Company along with growth. The Profit Before Tax earned during FY2020-21 is Rs. 322.54 crores as against a profit of Rs. 299.38 crore during the previous year achieving a growth of 8 % over FY2019-20.


The investment portfolio of the Company as of March 31, 2021, is Rs. 13,161 crores as compared to Rs. 10,998 crore as of March 31, 2020. The market value of the same is Rs. 13,344 crores as compared to Rs. 11,078 crore in the last Financial Year.

PROFIT & LOSS STATEMENT OF RELIANCE GENERAL INSURANCE COMPANY LIMITED (In Rs.'000)

(As of 31-03-2018 to 31-03-2021)

Particular

2021

2020

2019

2018

Operating Profit / (Loss)


 

 

 

 Fire Insurance

4,25,236


13,40,155

     2,19,369

159,666

Marine Insurance

(44,166)

14,750

(41,332)

37,069

Miscellaneous Insurance

45,75,423

29,64,579

14,41,163

1,023,740

Income from Investments





Interest, Dividend & Rent – Gross

14,45,968

10,30,534

10,19,663

801,807

Profit on sale/redemption of investments

4,21,997


2,23,953


64,542


87,129

Less: Loss on sale/redemption of investment

(46,324)


(12,984)


(9,183)


(13,401)

Other Income





Profit/(Loss) on sale/discard of assets

(3,415)


1,001

291

(768)

Miscellaneous Income

12,482

1,541

10,793

18,523

Reversal of Equity

impairment

3,01,672

-

-

-

Excess Provision/bad debts Written Back

1,85,472


           27,584

49,945

3,204

       TOTAL

72,74,345

55,91,113

27,55,251

2,116,969

Provisions (Other than Taxation)





For diminution in the value of investment

2,59,883


        2,12,315


2,45,000

-

For doubtful debts

2,28,823

2,57,281

16,776

148,944

Bad debt w/off

-

-

-

27,159

Less: - Provision held

-

-

-

(26,136)

Other Expenses





Expenses other than those related to Insurance Business





 Employee’s remuneration and welfare benefits

29,866


32,603

21,451

19,262

-Managerial remuneration

63,200


51,200

39,900

32,400

Amortisation of Debenture Expenses

2,915


2,923

2,915

2,915

Interest on Statutory Liability

13,996


13,824

16,130

18,752

Contribution to policyholder's Funds towards Excess EOM

25,85,848


14,41,402

945

8,500

-Impairment on Equity Investments

-

3,19,752

-

-

Miscellaneous Expenses

-

3,978

-

-

Finance Cost

3,546

13,863

55,812

1,301

Interest on Non-Convertible Debenture

2,09,082


2,09,517

2,09,300

        209,300

Bad debt w/off (Net of Provisions)

5,97,322


12,363

-

-

Corporate Social Responsibility Expense

53,368

 

25,566

26,295

         20,722

Penalty

1,057

698

500

         3,817

Exchange Gain / (loss)

-

-

-

    -

TOTAL 

40,48,906

25,97,285

6,35,024

466,936

Profit / (Loss) Before Tax

32,25,439

 

29,93,828

 

21,20,227

1,650,033

Provision for Taxation

4,46,825

5,01,585

3,98,427

384,530

Short Provision for earlier year

1,49,810


52,313

1,45,768

37,609

Deferred Tax

-

-

-

-

MAT Credit

5,47,620

(1,53,686)

(5,44,195)

(422,139)

Net Profit /(Loss) After Tax

20,81,184

 

25,93,616

 

21,20,227

1,650,033

Appropriations: 





Interim dividends paid during the period

-

-

-

-

 Final dividend

-

1,25,775

1,25,775

62,887

Dividend Distribution Tax

-

25,853


25,853

12,802

Debenture Redemption Reserve

-

           15,972

63,889

127,778

Profit / (Loss) After appropriations

20,81,184

 

24,26,016

19,04,710

1,446,566

Earnings Per Share





Basic

8.27

10.31

8.43

6.56

Diluted

8.22

10.27

8.41

6.55


BALANCE SHEET OF RELIANCE GENERAL INSURANCE COMPANY LIMITED (In Rs.’000)

(As of 31-03-2018 to 31-03-2021)

PARTICULARS

2021

2020

2019

2018

Sources of funds





Share Capital

25,15,499

25,15,499

25,15,499

2,515,499

Reserves and Surplus

1,80,27,420

1,59,46,236

1,35,04,248

11,535,649

Fair Value Change Account- Shareholder

7,490

(1,32,739)

(52,745)

(11,337)

Fair Value Change Account- Policyholder

36,335

(8,52,392)

(3,04,523)


(66,897)

Borrowings

23,00,000

23,00,000

23,00,000

            2,300,000

Total

2,28,86,744 

1,97,76,604

1,79,62,479

16,272,914

Application of funds





Investments Shareholder

2,22,73,614

1,45,81,294

1,38,80,270

           11,590,846

Investments Policyholder

10,80,59,889

9,36,34,685

8,01,36,966

            68,397,795

Loans

-

-

-

-

Fixed Assets

4,85,787

4,11,938

3,34,917

361,252

Deferred Tax Assets

3,72,735

3,72,735

3,72,735

372,735






Current Assets





Cash and Bank Balances

19,95,451

9,20,659

16,24,097

3,373,154

Advances and Other Assets

2,15,67,741

1,79,43,467

1,14,98,589

          9,376,837

Sub-Total (A)

2,35,63,192

1,88,64,126

1,31,22,686

          12,749,991

Current Liabilities

11,24,87,973

9,40,61,085

7,43,62,293

63,436,090

Provisions

1,93,80,500

1,40,27,089

1,55,22,802

13,763,615

Sub-Total (B)

13,18,68,473 

10,80,88,174

8,98,85,095

          77,199,705

Net Current Assets

(10,83,05,281)

(8,92,24,048)

(7,67,62,409)

(64,449,714)

Miscellaneous Expenditure (to the extent not written off or adjusted)

-

-



Debit Balance in Profit & Loss Account

-

-



Total

2,28,86,744 

1,97,76,604

1,79,62,479

16,272,914


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2018 to 31-03-2021)

Particulars

2021

      2020

2019

2018

Dividend

Rs.0.40 Per Share

Nil

Rs. 0.50 per Share

Rs. 0.50 per Share

Retained Earnings (In Rs. )

Nil

 

Nil

Nil

Nil

 

PERFORMANCE OF THE COMPANY

Revenue from Operations Increased from Rs. 5,59,11,13,000 in FY 2020 to Rs. 7,27,43,45,000 in FY 2021, showing an increase of 30.11% as compared to previous financial year.


Finance Cost has decreased from Rs. 1,38,63,000 in FY 2020 to Rs. 35,46,000 in FY 2021.


Net Profit decreased from Rs. 2,59,36,16,000 in FY 2020 to Rs. 2,08,11,84,000 in FY 2021, showing a decline of 19.76% as compared to previous financial year.


The current Ratio of the company as of 31st March 2021 was 0.21%.

 

The debt to equity ratio of the company as of 31st March 2021 was 0.11%.

The Book Value of the company as of 31st March 2021 was Rs. 81.67 Per Share.

 

In the Financial Year 2020-2021, the company has paid a dividend of Rs.0.40 Per Share.


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Annual Reports

2020-21

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2019-20

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2018-19

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2017-18

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