General Insurance Corporation of India Management Change
GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
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GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
Premium growth is strong, but Q2 profit fell year on year to ₹2,455.62 Cr as the claims ratio rose to 87.39%. Management deflected on catastrophe losses, combined-ratio targets and Ind AS impact.
H1 FY27 GWP Rs 24,704 Cr, NWP Rs 23,226 Cr, PAT Rs 4,378 Cr, combined ratio 107.4%, ROE 16.4%, solvency 418%. Strategy: international expansion, cat reserves, digitisation.
GIC Re reported half-year ended 30 September 2026 gross premium of Rs.24,703.57 crore and profit after tax of Rs.4,377.66 crore. PAT fell 5.23% year on year.
General Insurance Corporation of India reported revenue from operations of ₹13,540 Cr (+17.8% YoY) and net profit of ₹2,966 Cr (+3.2% YoY) for Q2 FY27.
General Insurance Corporation of India gave prior notice that its board meets on 30 October 2026 to consider unaudited Q2 standalone and consolidated results. The trading window stays closed until 48 hours after results.
General Insurance Corporation of India issued a Postal Ballot notice to shareholders. The agenda includes the appointment of Shri Divesh Sehara as Government Nominee Director.
The company submitted its quarterly shareholding pattern under SEBI regulations. It also provided an update on its request for extending minimum public shareholding compliance deadlines.
The Board approved the temporary relocation of office premises for repairs and appointed Mrs. Prerana Puthran as the new Chief Risk Officer.
AM Best has affirmed GIC Re's Financial Strength Rating of A- (Excellent) and other credit ratings with a stable outlook.
General Insurance Corporation of India has appointed M/s S H B A & CO LLP and M/s S A R A & Associates as joint statutory auditors for FY 2026-27.
GIC Re concluded its 54th AGM, declaring ₹13.25 per share dividend for FY26 and appointing new CMD and directors. The proceedings were filed per SEBI Reg 30.
General Insurance Corporation of India has appointed Shri Divesh Sehara as a Government Nominee Director on its Board, replacing Shri Manoj Muttathil Ayyappan, effective immediately.
General Insurance Corporation of India filed its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26 as required under SEBI regulations.
General Insurance Corporation of India has submitted its Annual Report for the Financial Year 2025-26 to the stock exchanges.
General Insurance Corporation of India has issued a notice for its 54th Annual General Meeting scheduled for September 22, 2026. The meeting agenda includes dividend declaration.
GIC Re shows margin improvement via portfolio pruning, yet remains under pressure from intense domestic competition and flat investment income. Management is pivoting toward retail health while reducing underperforming international motor and property exposures.
General Insurance Corporation of India issued a communication to shareholders regarding TDS deduction requirements for the dividend declared for FY 2025-26.
GIC Re reported Q1 FY27 Gross Written Premium of ₹13,475 Cr and PAT of ₹1,922 Cr, maintaining its dominant 52% market share.
GIC Re reported a standalone net profit of ₹1,922.04 Crore for Q1 FY27. Gross premium income grew to ₹13,475.36 Crore, driven by domestic business growth.
General Insurance Corporation of India reported revenue from operations of ₹11,098 Cr (-1.6% YoY) and net profit of ₹1,744 Cr (-31.1% YoY) for Q1 FY27.
General Insurance Corporation of India has appointed Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director on its Board for three years.
General Insurance Corporation of India scheduled a board meeting on August 12, 2026, to approve unaudited quarterly financial results.
Quarterly shareholding pattern disclosure under Regulation 31(1)(b) as of June 30, 2026, detailing promoter and public shareholding statistics for the corporation.
Mr. V. Balkrishna ceased to be General Manager at GIC Re due to retirement under the Voluntary Retirement Scheme. The change is effective July 17, 2026.
GIC Re appointed Shri Hitesh Joshi as CMD effective 16th June 2026. His tenure runs until superannuation on 30th September 2028.
The Government of India will sell up to 5% stake in General Insurance Corporation via OFS at ₹352 floor price. This aims to meet minimum public shareholding norms.
GIC Re reported Q4 FY26 PAT of ₹2,254.24cr, up 3.2% YoY. Performance driven by technical execution and improved solvency amid softening global reinsurance markets.
GIC Re delivered a strong profit growth of 25.2% for FY26 despite a soft global market. Improvement was driven by disciplined underwriting and portfolio optimization rather than cyclical pricing tailwinds.
Shri Ashwani Kumar ceased to be a Non-Executive Director at GIC Re following his tenure completion at UCO Bank. The resignation was effective from May 31, 2026.