Future Generali India Insurance Company Ltd
About
Future Generali India Insurance Company (FGII) was established on October 30, 2006. The company is a joint venture between the Future Group and Generali Group. FGII is headquartered in Mumbai. The company is spearheaded by Anup Rau, Managing Director & CEO. FGII provides a wide range of insurance solutions, including retail, commercial, personal, and rural insurance, catering to both individuals and corporate clients. The company has a strong market presence, serving 3,900+ corporate clients, with a network of over 36,802 individual agents and 150+ branches across India. Generali Group holds a 74% majority stake in the business, reinforcing its global expertise in insurance. A significant milestone for FGII was breaking even within just six years, achieving financial stability in FY 2013-14.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3971 18.8% | 3343 10.0% | 3040 9.7% | 2771 18.6% | 2335 26.3% | 1850 43.9% | 1286 1.9% | 1262 23.2% | 1024 21.4% | 844 42.5% | 592 60.7% | 368 385.8% | 76 - |
| Net Operating Income (INR Cr) | 3970 24.72% | 3183 10.29% | 2886 4.15% | 2771 39.83% | 1982 25.84% | 1575 0.00% | 1081 0.21% | 1079 21.55% | 888 20.26% | 738 41.92% | 520 58.42% | 328 0.00% | 56 -4,316.54% |
| Profit (INR Cr) | 133 25.5% | 106 -11.0% | 119 -11.1% | 134 34.8% | 100 -15.5% | 118 - | -5 - | 60 52.2% | 40 - | -20 - | -51 - | -90 - | -85 - |
| Assets (INR Cr) | 1993 25.1% | 1593 26.0% | 1264 11.1% | 1138 16.0% | 981 25.4% | 782 74.8% | 448 -1.9% | 456 15.6% | 395 11.2% | 355 27.1% | 279 30.8% | 214 128.7% | 93 - |
| Net Worth (INR Cr) | 1476 9.9% | 1343 6.3% | 1264 13.1% | 1118 11.3% | 1004 27.2% | 789 0.0% | 448 -1.9% | 456 15.6% | 395 11.2% | 355 27.1% | 279 30.8% | 214 0.0% | 93 -28.5% |
| Employee Cost (INR Cr) | 255 -28.8% | 358 12.7% | 318 12.2% | 284 30.8% | 217 37.4% | 158 36.8% | 115 12.0% | 103 7.5% | 96 16.7% | 82 0.5% | 82 23.4% | 66 85.3% | 36 - |
| Interest Cost (INR Cr) | 0 | 0 | 0 | 6 | 5 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Cash & Bank Balance (INR Cr) | 330 | 117 | 73 | 130 | 214 | 64 | 62 | 47 | 38 | 26 | 49 | 20 | 21 |
| Total Debt (INR Cr) | 517 | 246 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.4% | 3.2% | 3.9% | 4.8% | 4.3% | 6.4% | - | 4.8% | 3.9% | - | - | - | - |
| Profit As % Of Assets | 6.7% | 6.7% | 9.4% | 11.8% | 10.2% | 15.1% | - | 13.2% | 10.0% | - | - | - | - |
| Profit As % Of Networth | 9.0% | 7.9% | 9.4% | 12.0% | 9.9% | 14.9% | - | 13.2% | 10.0% | - | - | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 9.5% | 8.2% | 10.0% | 12.7% | 11.0% | 14.5% | - | 8.5% | 7.4% | - | - | - | - |
| ROCE | 10.0% | 10.0% | 13.4% | 17.6% | 19.9% | 13.3% | 0.0% | 8.6% | 7.6% | 0.0% | 0.0% | 0.0% | 0.0% |